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ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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.

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Ruler of Dubai unveils Dubai Digital Authority

    *The Authority to oversee digital transformation

    *It is expected to bring about social and economic benefits to Dubai

    In order to obtain more social and economic benefits from digital transformation begun twenty-years ago, Dubai has set up a new body Dubai Digital Authority to provide digital services to both individuals and businesses, and maintain high standards of cyber security.

    Ruler of Dubai, Vice President and Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum issued a law establishing the Dubai Digital Authority (DDA). “Our goal behind the establishment of the Dubai Digital Authority is to achieve social and economic benefits our digital transformation began 20 years ago, our digital economy is currently worth AED 100 billion and we aim to double the contribution of the digital sector within two years.” “We aim to improve the quality of digital services and use them to serve the community in all sectors,” he added.

    According to the new law, DDA will be Dubai’s official body responsible for all matters related to information technology, data, smart and digital transformation and information security. The Smart Dubai Department, the Smart Dubai Government, the Dubai Data Establishment, the Dubai Electronic Security Center and the Dubai Statistics Center will operate under the new authority. The DDA has both its own judicial identity and legal authority.

    He said the establishment of the Dubai Digital Authority is aimed at further enhancing Dubai’s smart and digital transformation, providing high-level digital services to both individuals and businesses, and maintaining the highest standards of cyber security.

    .The Authority’s objectives include contributing to revitalizing Dubai’s economic cycle by facilitating digital transformation in all government entities and raising efficiency and performance levels by enabling government departments to automate their work, operations and services.

    Sheikh Mohammed also issued a decree appointing Hamad Obaid Al Mansoori as Director General of the Dubai Digital Authority