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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.

UAE to establish prosecution entities specialised in economic crimes, money laundering

The move aligns with the ‘We the UAE 2031’ vision.
  • The establishment of these entities also represents a first step towards investigating and cracking down on crimes such as corporate crimes
  • The entities will enhance the UAE’s competitiveness as a global financial and business hub for investment and improving the quality of criminal investigations

Abu Dhabi, UAE – The UAE is establishing federal prosecution entities specialised in economic crimes and money laundering, to develop the UAE’s judicial system in line with changing global economic landscape. 

The establishment of these entities also represents a first step towards investigating and cracking down on crimes such as corporate crimes, bankruptcy, regulation of competition, financial markets, intellectual property, and trademarks, or that violate the UAE’s financial rights, such as customs evasion crimes.

The entities will enhance the UAE’s competitiveness as a global financial and business hub for investment and improving the quality of criminal investigations.

The move aligns with the ‘We the UAE 2031’ Vision, specifically the ‘Forward Economy’ pillar, which involves positioning the UAE as the safest country in the world and preserving human rights through an advanced legislative and judicial system.