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Category: BUSINESS

Posted on 03/02/2017

UAE Central Bank clarifies virtual currency ban

For Ola Doudin, CEO and co-founder of BitOasis, the UAE’s first digital currency exchange, the clarification was welcome news, after worrying about the implications the prohibition might have had on her business. “We’re very glad to hear the Governor …
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Posted on 03/02/2017

Dubai developer Meraas rebrands, reveals new logo

“Over the past eight years, we have done amazing things that amplify Dubai’s potential as a leisure, business and medical destination, as well as a city that champions innovation, education, tolerance, youth, and happiness.” Most recently, it was …
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Posted on 03/02/2017

UAE’s non-oil foreign trade touches Dhs1.17 trillion between Jan-Sept

The UAE’s non-oil foreign trade stood at Dhs1.172 trillion during the first nine months of 2016, posting almost flat growth compared to Dhs1.170 trillion during the same period in 2015. The share of imports in the UAE’s total non-oil trade amounted to …
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Posted on 03/02/2017

AIM to focus on UAE’s $5.4bn space investments

The space industry is a new field to create new ideas and offers multiple business opportunities for start-ups and the private sector as well, with the support of the knowledge-based economies in the world, including the UAE. This leads to establishing new …
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Posted on 03/02/2017

Air India's first Dreamliner from Kochi arrives in Dubai

Dubai: Air India has marked the arrival of its first Boeing 787 Dreamliner to operate between Kochi in Kerala and Dubai. Dubai International Airport welcomed the debut flight from the south Indian city with a traditional water salute on Wednesday afternoon …
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Posted on 03/02/2017

Russian automaker kicks off exports to China & UAE

The company also started selling cars in the United Arab Emirates in a bid to have a share in the Middle East market. Mercedes-Benz looks to KAMAZ to build car plant in Russia The model being exported is the Lada 4×4 SUV, assembled in Kazakhstan by AvtoVAZ …
( read original story …)


Posted on 03/02/2017

The United Arab Emirates' top diplomat has come out in defense of Trump's immigration ban

United Arab Emirates Foreign Minister, Sheikh Abdullah Bin Zayed Al Nahyan. Petros Karadjias/AP ABU DHABI, United Arab Emirates (AP) — The United Arab Emirates’ top diplomat on Wednesday came out in defense of President Donald Trump’s order temporarily …
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Posted on 28/01/2017

Review: Emirates Business Class Lounge Dubai

My flight from Dubai to Los Angeles was departing at 3PM, so a friend dropped me off at Terminal 3 at around 11:30AM, so I’d have plenty of time to review the lounge. Emirates has a separate drop-off area for first and business class passengers, which …
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Posted on 28/01/2017

Dubai Duty Free eyes Al Maktoum International as next big growth area

“The biggest contribution to our business now is the subcontinent. There has been terrific growth in other areas, Africa being one of them. But the most noticeable one, and the one people talk about the most, is China.” Dubai had 450,000 Chinese …
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Posted on 28/01/2017

Indian businessmen in UAE applaud deepening UAE-India ties

Watch: Dr Azad Moopen, chairman of Aster Healthcare, on the deepening ties between UAE and India, and reactions to the the raft of new agreements signed between them. (by Chiranjib Sengupta/Gulf News) While applauding the ease of doing business in the UAE …
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Posted on 28/01/2017

Review: Royal Brunei Business Class 787 Bandar Seri Begawan To Dubai

I boarded through door L2, where I was escorted to my seat by one of the flight attendants. Royal Brunei’s 787 business class cabin consists of a total of 18 seats, spread across three rows in a 2-2-2 configuration. Each seat had plenty of legroom, and …
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Posted on 28/01/2017

UAE and India pledge to boost bilateral trade by 60%

NEW DELHI // The UAE and India on Thursday pledged to come up with action plans by June to achieve their shared goal of expanding bilateral trade by 60 per cent over the next five years. In a joint statement, issued upon the conclusion of Sheikh Mohammed …
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Posted on 27/01/2017

'Oversupply' puts pressure on UAE hotels

According to Mohammed Khoori, general manager of Golden Sands Hotel Apartments, there has been a “change of mindset” among travellers, especially those who visit the UAE for business reasons. “[Business] travellers have started choosing affordable …
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Posted on 19/01/2017

UAE business confidence drops but conditions to improve in 2017

Dubai: Subdued employment conditions have put a damper on the optimism of businesses in the UAE, with the latest confidence index registering a decline, according to a new survey by accountants. However, conditions are forecast to improve this year as the …
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Posted on 19/01/2017

The UAE’s ambitions for its energy mix

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has announced the UAE’s energy strategy for the three decades to come, with the aim to increase the contribution of clean and renewable …
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Posted on 18/01/2017

UAE online buyers spend the most per purchase worldwide – KPMG

UAE online shoppers spend the highest amount per purchase globally … “As part of an integrated customer-centric business model, customers expect that goods can be delivered or picked up wherever they are located,” said Julio Hernandez, Global …
( read original story …)


Posted on 17/01/2017

Research Groups From USA, Finland and UK Announced as Recipients of UAE Rain Enhancement Program’s 5 Million Dollar Grant

ABU DHABI, United Arab Emirates–(BUSINESS WIRE)– Three research groups from USA, Finland, and UK were selected as awardees of the 5 million US dollar grant awarded for the Second Cycle of the UAE Research Program for Rain Enhancement Science. His …
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