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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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Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Dubai Economy issues 3,243 trader licenses in H1

  • Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.
  • Males account for 63 percent of the licenses issued and IT tops the list of activities.

DUBAI:  As many as 13,430 trader licenses, which enable freelancers and start-ups to conduct business activities online and across social networking accounts, have been issued by Dubai Economy’s Department of Economic Development (DED) from Mar 2017-Jun 2021.

The DED Trader license was launched by the Business Registration & Licensing (BRL) sector of Dubai Economy.

Dubai Economy also reported that 3,243 DED Trader licenses were issued during the first half of 2021, a growth of 63% compared to H1 2020, when 1,989 licenses were issued. Males accounted for 63 percent of the total DED Trader licenses issued during H1 2021 with IT topping the list of activities of the licenses issued followed by readymade garments, ladies tailoring & design, handicraft workshops.

In a statement, Dubai Economy said it focuses on providing support to the DED Trader license holders by signing partnerships with government and private sectors, providing facilities for their business growth as well as opening new channels by enhancing cooperation with major sales outlets.

A DED Trader license entails a holder the membership in Dubai Chamber for commercial activities, bank facilities and other benefits.