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Category: BUSINESS

Posted on 05/11/2018

UAE employees can expect a 4.8 per cent pay rise next year

The reforms, along with a wider digital technology adoption, has left UAE business leaders feeling more confident about their companies’ prospects for next year, as growth in the economy drives demand …
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Posted on 05/11/2018

UAE to pump Dh486B into Adnoc

The UAE will pump Dh486 billion to ramp up its oil production … It also announced new discoveries of one billion barrels of oil in place and approved Adnoc’s new five-year business plan and capital …
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Posted on 04/11/2018

Dubai Customs Organizes Workshop on Blockchain Technology in Customs Business

Business Innovation Department in Dubai Customs organized a workshop for the employees on the blockchain technology in customs field. Renowned American blockchain expert Chris Benet, an influencer in …
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Posted on 03/11/2018

UAE’s business regulations get global recognition in latest report

The UAE’s ranking in the Doing Business 2019 report, an objective measure of business regulations and their enforcement put out annually by the World Bank, speaks volumes about the efforts of …
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Posted on 03/11/2018

Dubai issues nearly 14,000 new business licences so far in 2018

The Business Registration and Licensing sector of the Department of Economic Development, Dubai issued 13,825 new licences in the first nine months of 2018. The Business Registration and Licensing sec…
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Posted on 02/11/2018

UAE jumps 10 places in World Bank’s ease of doing business list

The UAE climbed 10 spots to 11th place in the World Bank’s annual ease of doing business ranking, following a package of reforms in the past year that boosted the country’s economic competitiveness. “ …
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Posted on 02/11/2018

Dubai ruler hails UAE’s emergence as global business hub

Sheikh Mohammed said significant efforts had been made by the UAE Federal Government, and other local departments, to create a “world-class business-friendly environment”. Sheikh Mohammed bin Rashid A…
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Posted on 02/11/2018

How the UAE, Saudi Arabia are planning a 5G revolution

Expo 2020 Dubai has already signed up to be Etisalat’s first major … the conceptualisation of new use cases and business models, and the integration or migration of IoT technologies. Next year “will …
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Posted on 02/11/2018

UAE gold demand set to rebound on VAT refund

issacjohn@khaleejtimes.com 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 f…
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Posted on 02/11/2018

UAE’s credit growth gains on government and corporate demand

Dubai: Gross credit growth strengthened to … banks’ Credit Sentiment Survey there was an increase in demand for business loans across all emirates in the third quarter of 2018, though …
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Posted on 01/11/2018

One-month partial closure of Sharjah Corniche Road

Dubai: Road authorities in Sharjah cautioned motorists over road works taking place along the Buhairah Corniche and nearby areas. The Roads and Transport Authority (RTA) in Sharjah announced that …
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Posted on 01/11/2018

Abu Dhabi Said in Talks to Create Two Banks in Three-Way Merger

(Bloomberg) — Abu Dhabi’s merger of three state-linked banks is set to create two new lenders, according to people with knowledge of the matter. Under plans being discussed, Abu Dhabi Commercial Bank …
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Posted on 01/11/2018

UAE’s business optimism surges on improving economic fundamentals

Dubai: The vast majority of businesses in the UAE are optimistic on their outlook for the next one year thanks to the improving macro-economic environment of the country and the region, according …
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Posted on 01/11/2018

UAE rises 10 places to 11th in World Bank’s 2019 ease of doing business report

Dubai: The UAE jumped 10 places in the World Bank’s Ease of Doing Business ranking to 11th position globally in 2019 from 21st position last year to lead the Arab world for the sixth consecutive …
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Posted on 31/10/2018

How are US sanctions affecting Iran? This Dubai hotel has the answer

“The community has become smaller and trade with Iran has dropped,” said Hossein Asrar Haghighi, a founder of Dubai’s Iranian Business Council. Members left for Turkey, Georgia, Armenia, even Malaysia …
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Posted on 31/10/2018

UK ambassador says UAE is open for ‘enhanced’ post-Brexit relations

But HE Sulaiman Almazroui himself, the UAE ambassador to the UK, is remarkably down-to-earth and straight talking. “Are these just business questions? Oh, that should be easy,” he says, giving the imp…
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Posted on 31/10/2018

Emirates introduces biometric systems at Dubai airport

The airline’s “biometric path” will cover departures, arrivals, transit, chauffeur drive connections, and lounge access in Dubai. Initially focused on First and Business class travellers, Emirates int…
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