Dubai tycoon Khalaf Ahmad Al Habtoor has launched a new initiative … The chairman added that in some cases circumstances may not be conducive for business success, resulting in a lack of liquidity and the inability to pay what’s owed.
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UAE CEOs optimistic on business outlook
Dubai: Majority of UAE CEOs (65 per cent) are very positive on the business conditions in the country during the next 12 months according to Oxford Business Group (OBG) Business Barometer UAE CEO Survey. The survey designed to gauge the business outlook of …
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Dubai’s AstroLabs opens second co-working space for start-ups
AstroLabs said those that choose to setup their companies in the space would benefit from speedier business licencing in the Dubai Multi Commodities Centre (DMCC) free zone and could establish 100 per cent foreign-owned entities. Companies to have utilised …
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Dubai’s Prime Property Prices More Affordable Than Global Peers: Report
Dubai’s prime residential property prices have been softening, which made the emirate more economical than most of its peers around the world. However, analysts believe the prices are projected to rise, thanks to significantly lower buying costs for real …
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Sixth Turkish Airlines World Golf Cup played in Dubai
and will fly Business Class in Turkish Airlines and stay at the five-star Titanic Golf Deluxe Hotel. Abdul Moiz Khan will represent Dubai there after winning the competition with 43 points, while Marghoob Ali Khan was runner-up, Baris Saysel was third.
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France’s Accor to open first SO/ luxury hotel in Dubai
board room and business centre, pre-function space and 1,400sqm fitness centre and health club witha gym, pool and spa. It will form part of the Uptown Dubai district, under development by free zone operator Dubai Multi Commodities Centre (DMCC …
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AP Interview: Somaliland president defends UAE military deal
The lease for the base is for 25 years. “Yes, we are allied to the United Arab Emirates and to Saudi (Arabia),” Abdi said. “All our business, main assets, are in Dubai. All our imports depend on United Arab Emirates, their ports,” he said. “We have …
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UAE’s non-oil private sector growth eases in March
Dubai: Growth momentum in the non-oil private sector continued … Some clients linked the rise to new project wins. Incoming new business remained in sharp growth territory, posting above the long-run average in March. The rate of expansion was at a …
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Indian wins Dh12m in Abu Dhabi Big Ticket draw
Abu Dhabi: An Indian expatriate became the new multi-millionaire of Big Ticket raffles after winning Dh12 million, the second biggest jackpot of the Big Ticket raffle in Abu Dhabi on Tuesday. John Varghese‘s winning ticket number is 093395. Dream car …
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A thriving hub for SMEs in the UAE
The complete ease of doing business in a one-stop shop environment also helped. “The whole idea of a business centre in Dubai, everything was so easy to process,” she says. “My own residency visa when I wanted to transfer on to Salaty was done …
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Russia plans to create health care, food industrial clusters in UAE
Egorov said discussions were in the initial stages, but there was a lot of interest from the Russian side to invest in the UAE and expand Moscow’s business relationship with the country, as well as with the wider Middle East and North Africa (Mena …
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UAE opposed to protectionism, top official says
Dubai: An undersecretary at the Ministry of Economy on Monday said the country opposes protectionism policies as he reiterated the UAE’s commitment to liberalisation policies and attracting foreign investments. Abdullah Al Saleh, Undersecretary for …
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No such thing as quick money in UAE’s F&B business
Dubai: For anyone thinking of putting up money in the restaurant business in Dubai and expecting to see returns in three years, Phil Broad has a short reply — forget it. “These people are living in Utopia if they believe in three-year returns,” said …
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19-year-old Emirati dies in horrific car, truck collision in Sharjah
A young Emirati man has died in a horrific car-truck collision in Sharjah on Saturday. The accident took place in Sharjah’s Dhaid city on Mahafez street, Emarat Al Youm reported. The 19-year-old died on the spot while his friend, who was in the passenger …
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Dubai’s Success Accelerates Global Cleantech Adoption
… Agency (Dubai FDI), an agency of the Department of Economic Development (DED), and Dubai Science Park (DSP), the holistic science-focused business community, joined hands to promote current and emerging investment opportunities in Dubai at the GLOBE …
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Dubai Chamber launches retail group to raise standards
The Dubai Chamber of Commerce and Industry has announced the formation of the Retail Business Group, a new organisation that aims to promote the cooperation among retailers in the city. The organisation is the 29th sector-specific business group …
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Drone light show to dazzle Abu Dhabi Corniche night sky
Abu Dhabi: Abu Dhabi Corniche will light up on Saturday night in a spectacular fashion with a drone light show to mark the closing weekend ceremony of Mother of the Nation Festival and also to recognise Year of Zayed. Closing this edition’s festival with …
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