“This liberation in fuel prices signalled a major shift in Enoc’s strategy. We decided to focus on our core business, which is retail,” he said. The Dubai-government owned company introduced a five-year plan to build 54 service stations by …
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UAE PMI signals strong growth in April
The latest survey data showed that business conditions across non-oil private sector firms in UAE continued to improve at the start of the second quarter. Employment rose in April but the rate of growth remains weak, with just 5.2 per cent of firms …
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New IBBC Representative in UAE
Vikas Handa is joining the Iraq Britain Business Council (IBBC) as the UAE Representative to run the IBBC office in Dubai and will be responsible for the overall outreach in the Middle East & North Africa (MENA) region. Many IBBC members will know Vikas …
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Super sale: Up to 90% off for Dubai shoppers
Dubai: Missed the last massive clearance sale? Don’t worry, there’s another mega shopping frenzy in store that will offer opportunities for Dubai shoppers to make some huge savings on purchases. Shopping centres around Dubai will be hosting a three-day …
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UAE GDP growth bottoming out with turnaround expected next year
Dubai: The UAE’s economic growth which faced strong headwinds following prolonged low oil prices and slump in international trade are seen bottoming out this year for a turnaround from 2018, according to recent economic forecasts. According to Bank of …
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Siddaramaiah invites NRI tycoons in UAE to invest in Karnataka
Praveen Kumar Shetty in association with industrialist Ronald Colaco hosted the first ever historical KNRI-UAE Business Meet with Chief Minister of Karnataka Siddaramaiah at Fortune Park Hotel, Dubai Investment Park on Saturday the 29th April, 2017 evening …
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UAE launches new Soft Power Council
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has launched a new council designed to boost the country’s standing globally. The UAE Soft Power Council will introduce a new national …
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UAE increases fuel prices for May
The UAE will be increasing fuel prices in May, the energy ministry announced on Sunday. Petrol prices have been hiked by an average of 3.2 per cent from April while diesel prices are up by 1 per cent. In May, the prices per litre of fuel will stand at …
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Dubai’s new Apple store gets royal welcome
Dubai: The opening of Apple’s third store in the UAE got a royal welcome when none other than the crown prince of Dubai paid a visit to the two-storey mega store in Dubai Mall recently. Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, along with his …
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UAE Exchange Partners with Oberthur Technologies to Launch Wearable Contactless Payments
COLOMBES, France–(BUSINESS WIRE)– UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, and OT (Oberthur Technologies) have partnered to launch “gocash” prepaid card of UAE Exchange through the first-ever …
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How the UAE immigration landscape impacts business mobility
According to statistics from the Department of Economic Development in Dubai, more than 22,000 business licenses were issued in 2015, representing a 17.4 per cent growth from 2014 despite the challenging economic environment. This growth highlights the …
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Dubai Frame subject to copyright lawsuit in the US
He also provided Gulf Business with what he alleges is a copy of the competition agreement, which also states that subject to approvals, Dubai Municipality may “engage the winner to prepare the final design and documentation of the winning proposal”.
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UAE project awards surge 42.6% in the first quarter
Dubai: The value of UAE projects awarded rose by a solid 42.6 per cent quarter on quarter in the first quarter of 2017, with both Dubai and Abu Dhabi seeing significant increase. The value of projects awarded was above the two-year trend level and up a …
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Dubai among world’s top 5 maritime clusters in competitiveness and attractiveness
Dubai is poised as the first Arab city to lead the region at par with top global players and ranked fifth on the list of the world’s most competitive and attractive maritime clusters, according to an international survey conducted by Menon Business …
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Dubai Aerospace to buy Dublin-based Awas Aviation Capital
Dubai Aerospace Enterprise is buying Dublin-based Awas Aviation Capital in a move that will create a $14 billion (€12.9 billion) aircraft leasing business. The owners of Awas Aviation Capital, the Dublin-based aircraft lessor, is selling the company to …
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Dubai Aims to Be a City Built on Blockchain
The goal of Dubai’s government is to conduct a majority of the emirate’s business using blockchain, which it expects will make government services more efficient and help promote enterprise in Dubai as it will become easier to do business there.
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Expanding cooperation in business between UAE, Azerbaijan
Azerbaijan’s Economy Minister Shahin Mustafayev has visited Dubai, as business leaders from Azerbaijan and the UAE gathered in the financial capital to discuss opportunities to invest in Azerbaijan and boost business relations between the two countries.
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