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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.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Beneficial Owner data: Dubai Economy to fine violators

    • Dubai Economy ran an intensive media campaign to educate firms about the importance of filing the data

    • Beneficial Owner refers to individuals and entities that benefit from owning a registered business in UAE

    DUBAI: The Dubai Economy has started imposing fines on companies that did not register their Beneficial Owner data by 30 June 2021
    Beneficial Owner refers to those individuals and entities that benefit from owning a registered business. All registered businesses in the UAE are required to reveal the identity and furnish details of their beneficial owner to be included in the commercial registry as part of enhancing corporate compliance in the country.
    The data required include name, nationality, gender, passport number, residence address and mobile number.
    In a statement, the Commercial Compliance and Consumer Protection (CCCP) Sector of Dubai Economy said the decision to impose fines follow an intensive media awareness campaign that was launched to educate companies in Dubai on the importance of registering their Beneficial Owner data under a UAE cabinet decision last year.
    Dubai Economy has also called on companies registered in Dubai to provide their Beneficial Owner data on its eServices page.