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Category: BUSINESS

Posted on 13/07/2020

Dubai, Abu Dhabi continue to be mall magnets

Dubai is expected to see a 8.9 per cent increase in gross leasable area (GLA), from 4.9 million sqm in the first half of 2019 to 6.9 million sqm by 2023, while Abu Dhabi will see a 6.5 per cent rise …
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Posted on 12/07/2020

Three startups win contest to ramp up Dubai’s Covid response

All three startups now have an opportunity to take their concept to the next level through their membership with in5. Majed Al Suwaidi, Managing Director of Dubai Media City and an in5 leader, said: …
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Posted on 12/07/2020

Abu Dhabi ready to be focus for world class sporting events

Abu Dhabi, believes “the sky is the limit” when it comes to hosting huge global events in the UAE capital. Abu Dhabi made history on Sunday when it hosted the inaugural UFC Fight Island event, with …
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Posted on 12/07/2020

DUBAI SHOPPING MALLS GROUP TO GIVE AWAY AED1 MILLION WORTH OF PRIZES IN DIGITAL RAFFLE DURING DUBAI SUMMER SURPRISES 2020

Giving the retail sector a kick-start, shoppers can win big on a minimum spend of AED200
. 1 season, 3 promotions; Eid Al Adha and Back …
( read original story …)


Posted on 12/07/2020

Sharjah Municipality to go cashless for payments of fees, fines from July 15

Sharjah City Municipality will no longer deal with cash for any transactions related to revenues or fines, according to an announcement by the authority on Sunday. All municipality fees will instead …
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Posted on 12/07/2020

Dubai’s $410mln stimulus package to help SMEs, ease doing business

Worth 1.5 billion dirhams ($410 million), the new package, revealed by Crown Prince of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, raises the value of business incentives introduced by …
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Posted on 11/07/2020

Investors repose trust in UAE’s economic resilience

The total number of business licences issued across the country in June reached 652,885, a rise of 4,201 compared to 648,684 in May, according to statistics from the National Economic Registry of the …
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Posted on 11/07/2020

UAE to stage gradual recovery in mid-, late-2021

The UAE has rolled out stimulus packages worth about Dh100 billion, majority of which had been earmarked towards SMEs as well as consumers.
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Posted on 11/07/2020

Dubai Announces New Economic Aid, Bringing Total to $1.7 Billion

The government of Dubai announced a new set of economic incentives on Saturday, as the city continues to fight off the fallout from the coronavirus pandemic. The new package, worth 1.5 billion dirhams …
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Posted on 11/07/2020

Dubai SME provides Dh170m worth incentives and services

Value of Dubai SME incentives and exemptions since its inception exceeds Dh630 million Dubai: The past year saw 3,871 Emirati entrepreneurs benefit from the start-up advisory services of Dubai SME, …
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Posted on 11/07/2020

Dubai SME helped over 3,800 Emirati entrepreneurs in 2019

Dubai SME helped 3,871 Emirati entrepreneurs last year to the tune of almost AED170 million ($46.3m) worth of exemptions and incentives. The agency of Dubai Economy, which was launched in 2002, is …
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Posted on 11/07/2020

UAE and China look to revive bilateral economic activity through Digital Expo

The Ministry of Economy of the UAE and the China Council for the Promotion of International Trade (CCPIT), will together host the first China-UAE Economic and Trade Digital Expo, a platform designed …
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Posted on 11/07/2020

Coronavirus: Emirates’ Clark says Dubai airline to cut 10-20% jobs

The President of Dubai’s flagship carrier Emirates airline says that the airline will have shrunk its workforce by between 10 and 20 per cent by the end of it and that it was burning up to $1 million …
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Posted on 11/07/2020

Kempinski Hotel Mall of Emirates receives Bureau Veritas Safeguard Label

Kempinski Hotel Mall of the Emirates has become the Dubai property to receive the Safeguard Label from Bureau Veritas. The five-star hotel has been recognised for its upgraded hygiene measures through …
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Posted on 11/07/2020

Majid Al Futtaim launches new cafe at City Centre Deira

Kitchen 35 is a specialty coffee and artisanal food café which boasts a locally-inspired menu and prides itself on sourcing quality ingredients, said the statement from Majid Al Futtaim. The opening …
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Posted on 10/07/2020

King expresses condolences to UAE president, Sharjah ruler over passing of Sheikh Ahmed bin Sultan Al Qasimi

For Newspapers Only…Amman, July 10 (Petra)– His Majesty King Abdullah has sent a cable to United Arab Emirates President Sheikh Khalifa bin Zayed Al Nahyan, expressing condolences over the passing …
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Posted on 10/07/2020

Dubai is taking a back in business approach on opening up

Dubai: After a painful four-month tourism shutdown that ended this week, Dubai is betting pent-up demand will see the industry quickly bounce back, billing itself as a safe destination with the …
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