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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Non-oil trade between UAE and US hits $31.4 billion in 2023

Sebright said US exports to the UAE support 125,000 jobs in the US, while UAE exports to the US totaled $6.6 billion last year. (WAM)
  • Danny E. Sebright, President of the US-UAE Business Council, said that US exports to the UAE reached $24.8 billion last year, exceeding 2022 exports of $20.8 billion by 19 percent.
  • He highlighted that US exports to the UAE support 125,000 jobs in the US, while UAE exports to the US totaled $6.6 billion last year.

Abu Dhabi, UAE — Non-oil trade between the UAE and the United States reached $31.4 billion in 2023 and is expected to continue growing at the same pace in 2024, said Danny E. Sebright, President of the US-UAE Business Council.

Sebright added, in statements to the Emirates News Agency (WAM), that US exports to the UAE reached $24.8 billion last year, exceeding 2022 exports of $20.8 billion, by 19 percent, noting that the UAE remained the top US export destination in the Middle East and Africa for the fifth consecutive year.

He highlighted that US exports to the UAE support 125,000 jobs in the US, while UAE exports to the US totaled $6.6 billion last year.

Sebright said that UAE investments in the US market continue to grow, focusing on various sectors including real estate, manufacturing, healthcare, and technology.

He pointed to three areas with greater potential for further cooperation between the two countries in 2024: healthcare and life sciences, financial services and private equity, and technology and artificial intelligence.

Sebright said that the UAE and the United States continue to build on the tremendous progress made last year in the lead-up to the UN Climate Change Conference (COP28) in the areas of renewable energy, food security, and sustainability, in addition to the continued strength of traditional foundations of the bilateral trade relationship between the two countries in sectors such as space, defense, and energy.