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Category: BUSINESS

Posted on 30/04/2017

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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Posted on 29/04/2017

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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Posted on 27/04/2017

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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Posted on 27/04/2017

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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Posted on 27/04/2017

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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Posted on 26/04/2017

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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Posted on 25/04/2017

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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Posted on 24/04/2017

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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Posted on 24/04/2017

Dubai sees 11% increase in tourists in Q1

Dubai received 11 per cent more overnight visitors in the first three months of the year than in Q1 2016, according to the emirate’s tourism body. Dubai Tourism said growth during the quarter doubled resulting in 4.57 million visitors. This was thanks …
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Posted on 23/04/2017

Dubai’s RTA mulls deploying electric smart vehicles at malls, metro stations

Dubai’s Roads and Transport Authority (RTA) is mulling the deployment of electric ‘smart’ vehicles across the city, a senior official has said. The RTA, which concluded a two-month trial of the autonomous vehicle in the Business Bay area, said that …
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Posted on 23/04/2017

UAE businesses should ‘shift gender discourse’ – senior businesswoman

Businesses in the United Arab Emirates should change the way they discuss gender, according to prominent business leader, Dr Raja Easa Al Gurg. Speaking at a recent event, the managing director of the Easa Saleh Al Gurg Group and president of the Dubai …
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Posted on 23/04/2017

Satisfaction rating of self-driving vehicle at Business Bay hits 91%

The Smart Autonomous Vehicle, which had recently been experimented over two months in the Business Bay district by Roads & Transport Authority (RTA) in cooperation with Dubai Properties, has claimed an overall satisfaction rating of 91%. The result is …
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Posted on 23/04/2017

Hotel insider: Steigenberger Hotel Business Bay, Dubai

After some confusion finding the valet parking service – the entrance is not where you would expect and signage is not straightforward – when I eventually pull up, I am attended to promptly and efficiently. At the reception counter, I’m greeted with …
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Posted on 19/04/2017

UAE ranked among top global destinations for FDI

The UAE has also pledged to continue to advance its technological readiness and deepen its commitment to innovation. The government’s recent efforts show signs of gaining significant traction. In the World Bank’s Doing Business 2017, the UAE is …
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Posted on 19/04/2017

How to curb soaring inpatient costs in the UAE

UAE authorities estimate that 5 per cent of all paid health … In 2014, researchers from Harvard Business School made the observation that surgeon productivity is drastically reduced by only having one operating room available to them.
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Posted on 18/04/2017

UAE business confidence rebounds strongly in first quarter

Dubai: Business confidence in the UAE has rebounded strongly and hit its highest level since 2015, indicating that companies are feeling more positive about the economy and expanding their headcount. According to the latest edition of the Global Economic …
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Posted on 18/04/2017

Cost of sending money: What you need to know

Dubai: The recent increase in the cost of money transfers from the UAE will not affect the majority of expatriates who make a beeline at exchange houses every payday. Remittance service providers in the UAE have recently increased their transaction charges …
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