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Month: August 2018

Posted on 15/08/2018

UAE leads Arab world in global competitiveness

The region will need to invest in its people,” the WEF said. The survey accompanying the report revealed the most problematic factors for doing business in the UAE ranked by executives included access …
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Posted on 15/08/2018

UAE varsity students address sustainability challenges

UAE University students “We will suggest new courses in our … social thought and civic action, and science and technology. We will suggest such courses to our campuses as they bring out the creativi…
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Posted on 15/08/2018

KPMG Survey Says UAE Retailers Will Increasingly Use AI And VR Technology To Enhance Retail Store Experience

Almost half of UAE CEOs in the retail industry intend to start using artificial intelligence (AI) in the next two years, as they are increasingly influenced by technology to enhance the retail store e…
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Posted on 15/08/2018

UAE toughens penalties on cybercrimes

UAE President Shaikh Khalifa bin Zayed Al Nahyan issued an … manages or runs a website or publishes information on the computer network or information technology in the interest of a terrorist group …
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Posted on 15/08/2018

UAE: Up to 25 years in jail for cyber criminals

However, for first time offenders, UAE courts at discretion can sidestep the liable fine and prison term. Instead, levying the accused “under electronic probation and monitoring”, not allowing the use …
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Posted on 15/08/2018

Dubai Government and Developers Unveil World’s Biggest Shopping Mall

a new retail metropolis in Dubai, that will “push the boundaries of modern retail and leisure by drawing on next-generation technology”. Located in Dubai Creek Harbour, the $3.5 billion project will b…
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Posted on 15/08/2018

Dubai unveils £2billion mall the size of 100 football pitches & packed with next-gen tech

Dubai flights: Can you drink alcohol onboard a plane? Dubai Square disrupts the traditional mall and retail experience… it is where technology meets the human touch, and retail meets next-generation …
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Posted on 15/08/2018

World First Blockchain Court to Be Created in Dubai

Read More How Blockchain Can Benefit the Intellectual Property Industry Cryptech: Blockchain Technologies to Transform Dubai Real Estate Industry Amna Al Owais, chief executive and registrar, DIFC Cou…
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Posted on 15/08/2018

UAE announces Eid Al Adha holiday for banks

The Central Bank has announced Eid Al Adha service timings for national banks and major branches in the UAE. Banks will close for the Eid holidays on Monday, August 20, till Thursday, August 23. They …
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Posted on 15/08/2018

Diversification makes UAE’s economy more competitive

The UAE leads the Arab world in competitiveness as increased diversification makes its economy more resilient, according to a study by the World Economic Forum and the World Bank Group. The UAE, ranke…
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Posted on 15/08/2018

Increasing Islamic banking’s global linkage

Are you working to expand Maybank Islamic into Dubai? It’s something that we’re considering. I think for us it makes sense. We have one branch in the Middle East, it’s under our conventional bank, and …
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Posted on 14/08/2018

Dubai eyes Dh110B India trade

“Our representative office in Mumbai, which was opened earlier this month, is focusing on identifying new business opportunities in the Indian market for Chamber members, attracting Indian companies t…
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Posted on 14/08/2018

DGCX and DIEDC Partner to Strengthen Dubai’s Islamic Finance Economy

The Dubai Gold and Commodities Exchange (DGCX) and the Dubai Islamic Economy Development Centre (DIEDC) today signed a Memorandum of Understanding (MoU), agreeing to share knowledge, promote Shari’ah …
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Posted on 14/08/2018

Dubai Chamber waives late membership fees

Dubai Chamber of Commerce and Industry (DCCI) has announced it will waive late membership fees in an effort to reduce the cost of doing business in the emirate. The measure is the latest taken by a go…
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Posted on 14/08/2018

DAMAC Properties ‘holds its nerve’ amid Dubai real estate slump: CFO

DUBAI (Reuters) – Dubai’s DAMAC Properties DAMAC.DU, owner and operator of the only Trump-branded golf club in the Middle East, is confident of its financial position despite registering its worst qua…
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Posted on 14/08/2018

Damac CFO says company ‘holding its nerve’ amid Dubai real estate slump

Dubai’s Damac Properties , owner and operator of the only Trump-branded golf club in the Middle East, is confident of its financial position despite registering its worst quarter in terms of booked sa…
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Posted on 14/08/2018

‘Doing Business in the UAE Guide’ launched in London

The second edition of ‘Doing Business in the UAE Guide,’ a handbook covering basic information about the country and how to start your business in the area, was recently launched in London, UK. The bo…
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