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Category: BUSINESS

Posted on 18/07/2019

First Abu Dhabi Bank Proposes to Remove Foreign Ownership Limit

(Bloomberg) — First Abu Dhabi Bank PJSC proposed removing a cap on the foreign … companies in the U.A.E. may apply similar measures,” it said. This “is positive news for U.A.E banks as it may allow …
( read original story …)


Posted on 17/07/2019

Dubai tourism has strong growth potential over the next decade

Ross Veitch, CEO of Wego, said the travel and tourism industry in Dubai continues to expand with more focus on leisure and entertainment. “As the number of millennials and Generation Z travelling for …
( read original story …)


Posted on 17/07/2019

Dubai tourism has strong growth potential for…

Ross Veitch, CEO of Wego, said the travel and tourism industry in Dubai continues to expand with more focus on leisure and entertainment. “As the number of millennials and Generation Z travelling for …
( read original story …)


Posted on 16/07/2019

U.S. fears Iran seized UAE-based tanker in Strait of Hormuz

The Panama-flagged, Japanese owned oil tanker Kokuka Courageous, that the U.S. Navy says was damaged by a limpet mine, is anchored off Fujairah, United Arab Emirates, June 19. Now a tanker from the …
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Posted on 16/07/2019

Exclusive: UAE plans oil trade overhaul to boost Middle Eastern clout

ADNOC is in talks for a stake in Vitol’s storage business VTTI, two of the four sources said. VTTI owns storage in the Netherlands, the United States, Asia and Africa. In the UAE, VTTI holds storage …
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Posted on 16/07/2019

Why Sharjah Police will be knocking on your door in August

Dubai: Residents in Sharjah should not be alarmed when police come knocking on your door next month. It is all part of a census. The Department of Statistics and Community Development in Sharjah …
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Posted on 16/07/2019

UAE maritime industry becoming hub for leading global companies

The UAE maritime industry is booming and it’s becoming the hub for leading business companies. The UAE-based, Grandweld Shipyards, has announced exceptional results for 2018. The company is taking …
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Posted on 15/07/2019

New Dubai Chamber website provides key business insights

Dubai Chamber of Commerce and Industry has announced the launch of a new website that delivers key insights into the burgeoning markets of Africa. Titled ‘Africa Gateway,’ the online portal acts as a …
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Posted on 14/07/2019

Dubai, Abu Dhabi outlooks improve substantially

Dubai and Abu Dhabi’s outlook in terms of personal well-being, long-term investment, GDP growth, innovation, transparency and ease of doing business has improved substantially over the last one year, …
( read original story …)


Posted on 14/07/2019

UAE, Spain ink infrastructure development MoU in Madrid

Officials from the UAE and Spain have reportedly signed a memorandum of understanding (MoU) to cooperatively develop roads, railways and ports. According to Emirates News Agency Wam, the agreement was …
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Posted on 14/07/2019

New family sponsorship law for expats in the UAE takes effect

Expats in the UAE will now be allowed to sponsor their family members purely based on income, it was announced on Sunday. The new regulation comes after the UAE Cabinet adopted a decision in April …
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Posted on 14/07/2019

UAE’s Ministry of Economy cancels fees for 102 services

Fees for 102 government services in the UAE are to be cancelled as authorities look to provide a boost to the business community. The Ministry of Economy also announced eight services will be reduced …
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Posted on 14/07/2019

UAE’s ministry of economy cancels fees for over 100 services

The UAE’s ministry of Economy has cancelled the fees for 102 services and reduced the charges for other services as part of efforts to boost business activity in the country, it announced on …
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Posted on 14/07/2019

UAE- SHE FACTOR: A lesson on putting up a business

(MENAFN – Khaleej Times) The UAE’s initiative to support new entrepreneurs through various initiatives is commendable, offering plenty of opportunities to explore, said Shibi Kattila, founder and …
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Posted on 13/07/2019

UAE’s Ministry of Economy cancels fees on 102 government services

The UAE Ministry of Economy cancelled fees on more than 100 government services and reduced the charges for others as the second-biggest Arabian Gulf economy continues to lower the cost of doing …
( read original story …)


Posted on 13/07/2019

SHE FACTOR: A lesson on putting up a business

The UAE’s initiative to support new entrepreneurs through various … expat community compelled her to venture in setting up Cherry Town Nursery. Coming with no business background in the family, …
( read original story …)


Posted on 13/07/2019

UAE Ministry of Economy scraps, cuts by 50% fees for 110 services

provide new incentives to increase the attractiveness of the local business climate, generate more job opportunities and promote the UAE as a favoured investment destination which supports …
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