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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

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.

e-Trader licenses issued by Dubai’s BRL up 6 percent in 2021

79 percent of the e-Trader licenses issued in 2021 were professional.
  • 79 percent of the e-Trader licenses issued in 2021 were professional, and 21 percent were commercial.
  • A licensee cannot open a shop/store but can avail of three visas if the ownership is 100 percent Emirati and legal liability falls under the license holder.

The Business Registration and Licensing (BRL) unit of Dubai’s Department of Economy and Tourism (DET) has issued 16,409 e-Trader licenses since its launch in March of 2017 till end of 2021.

The BRL sector also reported that the total number of e-Trader licenses issued in 2021 reached 6,217, a six percent increase compared 2020 as the total number of licenses reached 5,848 licenses.

According to the BRL’s report, 79 percent of the e-Trader licenses issued in 2021 were professional, and 21% were commercial. Information Technology, Ready-made garments, Women’s tailoring and design, Handicrafts, Men’s tailoring and design, Publishing and printing services, Facility management, Marketing services, and Preparation of Food, topped the list of activities of the licenses issued in 2021.

Through e-Trader license, DET seeks to regulate and enhance ease of doing business electronically, find a platform that supports and develops trade as well as connect customers with traders.

The licensee cannot open a shop/store but can avail of three visas if the ownership is 100 percent Emirati and legal liability falls under the license holder.

The BRL sector focuses on providing support to e-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.

The benefits of getting the e-Trader license include: getting Dubai Chamber membership for commercial activities, benefitting from bank facilities, getting Customs Client Code, which facilitates import and export via dubaitrade.ae, temporary employment services, participation in exhibitions and conferences and training workshop, displaying of products in consumer points of sale and providing work space.