The Department of Economic Development lays down acceptable legal structures for companies based in Dubai. The rules and regulations for each of these vary accordingly and the categorisation is based on the ownership of the firm. If you are a foreign …
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Dubai attracted AED 25.5 billion in foreign investment in 2016, Hamdan Bin Mohammad says
Dubai, as a city of the future that embraces talent, innovation and new business models, continues to inspire a new generation of companies that rely on modern technology and seek competitiveness. Eye on future Shaikh Hamdan said that Dubai’s FDI …
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UAE markets flounder as they wait for greater conviction
Last week the Dubai Financial Market General Index (DFMGI) was up 19.00 or 0.55 per cent to close at 3,480.43. Although not a big move, this was the best performance in seven weeks. For five of the past seven weeks the index was down while it was flat for …
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The insane life of Dubai's Instagram-famous billionaire Crown Prince
He may be the Crown Prince of Dubai, but Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum (more commonly known as “Fazza”) is certainly the king of Instagram. The 34-year-old allows his 5.1 million followers — and 2.41 million on Twitter — to get a …
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Vice Media expands to the Middle East with Dubai office
Vice announced its arrival with a party on Wednesday at the glitzy Armani Hotel in the world’s tallest tower, the Burj Khalifa, in Dubai, the global trade hub where the New York-based company will set up its regional headquarters. Vice reckons the region …
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Speed limits reduced on two major Dubai roads
The maximum speed limits on two of Dubai’s major roads is set to be reduced, it was revealed on Wednesday. Dubai’s Roads and Transport Authority (RTA) and Dubai Police announced that the maximum speed limit on Emirates Road and Sheikh Mohammed Bin …
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Amazon clinches deal to buy Middle East online retailer Souq.com
Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last-minute bid by Dubai billionaire Mohamed Alabbar’s Emaar Malls. The value and terms of the agreement, which deal adviser Goldman Sachs called “the biggest-ever …
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Dubai Media City chief aims for a connection upgrade
Dubai: Dubai Media City intends to get right in the middle of connecting the media enterprises within the free zone to start talking to each other. “They are so good at communicating on behalf of their clients… but there’s not much of that happening …
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Emaar completes foundation of new tallest tower in Dubai
Dubai developer Emaar has laid the foundation for the construction of what is slated to become the world’s new tallest building – The Tower at Dubai Creek Harbour, it announced on Monday. Launched in April last year, the $1bn mixed-use building will …
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Dubai Chamber event discusses bankruptcy law
At the event, Hamad Bu Amim, president and chief executive officer of the Dubai Chamber, said the law will also improve ease of doing business in the UAE, and is likely to boost business confidence. The UAE’s government late last year issued the …
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EMIRATES PRESIDENT: We don't know if the US laptop ban will hurt business — but here's how things went this weekend
Emirates has been expanding its business into the US for several years and now flies direct from Dubai to 11 cities in the country. “The US operation is becoming progressively more important. It’s about 11% to 12% of what we do at the moment — growing …
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Dubai Ruler’s Court settles 17-year-old business dispute
Dubai: The Dubai Ruler’s Court has given its final ruling in a 17-year-old case, ordering a business owner to pay his nephew Dh6.8 million for having denied the latter his claim to 25 per cent of profits as a partner in his business. The Expertise and …
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UAE SMEs optimistic on business growth in 2017
Business owners of small- and medium-sized enterprises in the UAE remain optimistic about their growth prospects this year, according to a survey conducted by Meed, a business intelligence service provider in the Middle East. Of the 138 SMEs that …
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Pakistan Business Council: Connecting trade barons in Dubai
The council has more than 3,000 business ventures and is an appropriate forum to showcase Pakistan’s trade talent in the UAE The potential for business and investment between Pakistan and the UAE is enormous. Both governments, as well as trade bodies, have …
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Dubai Duty Free expects $2-million sales hit from electronics ban
Dubai International Airport’s duty free operator estimates that it will lose about $2-million in sales this year from the ban on carrying most electronic devices on United States-bound flights, a senior executive said on Thursday. Under new security …
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Dubai-India business ties just got better
The Dubai Chamber of Commerce and Industry recently concluded a successful trade mission to India, which was organised to facilitate economic cooperation and explore trade and investment opportunities in the country. The trade mission, part of the Dubai …
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Dubai launches rule for conducting business on social media
The initiative will not only ensure transparency when conducting business on social media platforms, it will also protect consumers from fraud. In an attempt to regulate business activities on social media, Dubai has introduced an e-Trader initiative …
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