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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.

Green Hydrogen Production among 98 new activities added to Dubai economy

The number of economic activities in Dubai has reached 2,200.
  • The total number of economic activities in the Emirate has reached 2,200. In 2020, the DET had added 58 activities.
  • Artificial Intelligence Developing Services, Gaming Localization Services and Industrial Consultancies are among other activities added this year.

A total of 98 new economic activities have been added to several sectors of Dubai in 2021, bringing the total number of economic activities to more than 2,200.

In 2020, the Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET), Dubai, had added 52 new economic activities.

DET said the results follow periodic evaluation and survey of local market needs, supply and demand across all key economic sectors, as well as the BRL sector’s efforts to facilitate licenses and enable enterprises to respond to market needs, which in turn will promote business development and healthy competition.

The new activities cover specialized business sectors in Dubai and include: Green Hydrogen Production, Artificial Intelligence Developing Services, Gaming Localization Services, Industrial Consultancies, 3D Printing Building Construction Contracting, Space Consultancies, Plant Based Diary Manufacturing, Early Childhood Centre, Gaming Production Service Providers, Virtual Reality & Augmented Reality Provision & Development Services, Video Games Consoles Manufacturing, Storage Environments Temperature Verification Services, News Services via Websites, Coworking Spaces Operation, and Underwater Photography Services.

“Dubai has expanded the horizons for business sectors to meet the needs of urban development, upgraded infrastructure, and enhanced legislative environment to establish the city as one of the leading investment, commercial and tourism centers in the world,” said Waleed Abdul Malik, Director of Business Registration in the BRL sector.

“One of the factors that placed Dubai at the forefront of technological advancement is its constant adoption of the latest and greatest in the digital world, and video games are a prime example. By adding new economic activities in the gaming sector, Dubai enjoys a fortified position as a leading country in the region when it comes to digital entertainment and eSports, which market is estimated at more than $170 billion, according to the latest statistics from the world of video games,” said Saeed Sharaf, Founder and CEO of eSports Middle East LLC.