ABU DHABI: Preliminary statistical data of the Federal Customs Authority (FCA) revealed that the UAE’s general trade volume from January to the end of June 2017 amounted to Dh784 billion, compared to Dh777.6 billion during the same period of 2016 …
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UAE aims to improve global competitiveness with 5G
Dubai: The launch of 5G early next year is in line with the UAE’s strategy on the fourth industrial revolution, and the implementation of artificial intelligence and smart cities, according to the UAE’s Telecommunications Regulatory Authority (TRA …
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UAE: Residential Rental Property as a Major Step into your Future
Today UAE is known for its rapid development, blossoming economy and keeps being a famous destination for luxury tourism. The country attracts people from all over the globe for different purposes: personal, recreational and business – particularly in …
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Dubai implements airspace restructuring project
Dubai: The Dubai Air Navigation Services (dans) said on Sunday it has implemented new air traffic management procedures that aim to enhance the emirate’s airspace capacity to meet strong demand in the coming years. In a statement, dans, the air …
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Dubai Startup Hub kicks off Youth Business series
Dubai: Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry, recently kicked off its Youth Business Voice series with a workshop titled, “Understanding Legal Aspects of Starting a Business.” The event, hosted in cooperation …
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TRA launches 5G technology in UAE
Dubai: The UAE’s Telecommunications Regulatory Authority (TRA) announced the launch 5G technology in the UAE, with mobile operators in the country expected to start deploying 5G networks from early 2018. In a statement on Sunday, TRA said that licensees …
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Diversification, Openness and Ease of Doing Business Reinforces Dubai’s Position in Global Economy
Dubai Economy has presented the ‘Dubai Economic Report 2017’ to all government entities and other agencies concerned following its approval by His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. The report, which …
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Hydrogen-powered taxis to go on trial in Dubai
Dubai’s Roads and Transports Authority (RTA) is trialling the region’s first hydrogen-powered electric vehicles, according to the Dubai Media Office. The Toyota Mirai will be put to the test as part of Dubai’s taxi fleet, in collaboration with Al …
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Abu Dhabi’s ADIA is main investor in $1bn Indian housing funds
Abu Dhabi Investment Authority (ADIA) has supported India’s HDFC Capital Advisors to achieve the initial close of its second affordable housing fund, the HDFC Capital Affordable Real Estate Fund – 2, state news agency WAM reported. This will be …
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Dubai Frame set to open next week, says municipality boss
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The UAE’s new healthcare paradigm?
According to a trio of healthcare professionals who meet to discuss the issue during a roundtable meeting at Gulf Business’ head office in Dubai Media City, a new approach could help redefine what healthcare means in the country, and produce better …
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Innovation paints Dubai success story
… real growth of 3.2 per cent or higher due to continued recovery in the global economy in 2017 Dubai – Diversification, openness and ease of doing business have reinforced Dubai’s position in the global economy, which is expected to post 3.5 per cent …
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VAT’s up Babu? Your UAE VAT questions answered
The UAE will introduce Value Added Tax (VAT), a broad-based indirect … Thus, VAT will ultimately be borne by the final consumers rather than being a tax on business activity. VAT is one of the most common types of consumption tax around the world.
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Kuwait wins Sharjah Aqua-biking Grand Prix
Kuwait, Dec. 21 (BNA): A Kuwaiti aqua-biking athlete has won the Sharjah Grand Prix of the UIM-ABP Aqua-biking … the third year running and for the ninth time, according to Kuwait News Agency (KUNA). “This is an unprecedented record in this kind of …
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Dubai economy forecast to grow by 3.5% in 2018
Dubai has established a strong economic foundation and proved its ability to meet the requirements of both the local and international business community. “Our initiatives in the area of legislation have helped create a supportive environment that has …
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Essex to Dubai? The UK’s most curious airline routes
The route will be served by the airline’s new three-class Boeing 777-300, with six first class seats, 42 business, and 306 economy. A first-class return to Dubai from Heathrow, for example, costs upwards of £5,500. It brings Emirates’ total number of …
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UAE developer Azizi says to invest $2.5bn in the UAE in 2018
Farhad Azizi, CEO of Azizi Developments, added: “We are pleased to announce that we have allocated AED9.1 billion towards expanding our business even further in Dubai in 2018. Our developments will include new residential projects in upcoming locations …
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