The wholesale and retail sector – indexed at 54.9 – was found to be Dubai’s best performing sector, followed by construction (53.5). The slowest business sector improvements were found in the travel and tourism sector (51.2). “The decline in the …
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Dubai non-oil private sector growth hits 14-month low
Growth in business activity was the lowest seen from Dubai’s non-oil private sector companies since April 2016 and the rate of hiring was the weakest since June 2017. New orders continued a run of increasing activity since March 2016 but also grew at the …
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Dubai’s Nakheel selects Ibis brand for JVC hotel
“Our hospitality business continues to go from strength to strength, as we design and deliver a diverse range of hotels, resorts and serviced residences at key locations across Dubai, and partner with world-leading hotel brands to bring new hospitality …
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Dubai’s non-oil economy index dips in December
Dubai’s non-oil private sector economy slowed in December, recording the weakest growth in business activity since April 2016, however the overall business activity and new work remained sharp in the emirate, according to a new survey. The Emirates NBD …
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UAE’s Indian businessmen fancy their movie chances
DUBAI: Dr B.R. Shetty sure likes the sound of “100 … “But one will need to know the rules of doing business in films well — if not, all those dreams of making money can easily get burnt. It’s certainly not like the jewellery business …
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Employment outlook in UAE to improve this year, say recruitment specialists
Dubai: If you’re looking for better employment opportunities this year, you may have a better shot at landing a job in 2018 compared to a year ago. This is because, with the introduction of value-added tax (VAT), improving business conditions, and as …
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Young Arab business leaders honoured
Dubai: The Mohammad Bin Rashid Award for Young Business Leaders ceremony honoured exceptional young businesspeople in the UAE and Arab world on Monday. The awards were presented to the winners by Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum …
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Emirates offers special fares for economy, business class flyers
Tickets for North and South America cost as low as Dh3,535. All-inclusive business class fares from Dubai start at Dh2,595 to South Asian destinations, Dh2,895 to Middle East destinations, Dh5,295 to Africa, Dh8,095 to Asia Pacific, Dh10,305 to Europe and …
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Copthorne Hotel Dubai Celebrates 10 Years of Hospitality
“In an industry where outstanding service has always been a key success factor, Copthorne Hotel Dubai is proud to have accomplished a decade of success. We have surpassed all expectations in terms of business, hotel positioning and service standards and …
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UAE to distribute 70% of VAT revenues to local governments
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Dubai Safari Welcomes UAE Dignitaries
Dubai Safari, home to the most diverse array of animals in the UAE, today welcomed UAE dignitaries and VIPs. Eng. Hussain Nasser Lootah, Director General of Dubai Municipality, along with other members of the Dubai Safari team welcomed the UAE dignitaries …
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More power to the UAE
Associate Business Editor of Khaleej Times, is a well-connected Indian journalist and an economic and financial commentator. He has been in the UAE’s mainstream journalism for 35 years, including 23 years with Khaleej Times. A post-graduate in English and …
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UAE markets off to a very strong start
2018 is off to a strong start with UAE markets spiking off lows during the shortened three-day trading week due to the New Year’s holiday. Oil was supportive of bullish investor sentiment and completed the week strong for the third week in a row.
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Dubai SME receives 456 entries from 10th Mohammed bin Rashid Award for Young Business Leaders
Dubai: Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, announced on Saturday that it has received 456 entries for the 10th Mohammad Bin Rashid Award for Young Business Leaders. Of those, 251 are from …
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Bombardier to showcase Global 7000 business jet in Dubai
January 4, 2018: Bombardier along with Dubai’s Jetex Private Terminal will be hosting a mockup of the Global 7000 aircraft between January 8 and 31. According to reports, the full-size mock-up will make its debut in the Middle East to showcase the aircraft …
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Abu Dhabi Ports looks to the East for growth
Abu Dhabi Ports and COSCO Shipping Ports Limited (CSP … “There are two types of port, transhipment ports and gateway ports,” he said during a news conference. “COSCO will use Port Khalifa as a transhipment hub, and possibly as a gateway port …
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UAE’s auto dealers find ways to ease the VAT burden
DUBAI: Ease the VAT (value-added tax … So the challenge for dealerships, especially those in the volume business, is to remove the VAT concern. Which is why Al-Futtaim Motors in its first 2018 campaign states emphatically that “our prices are locked …
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