Though they’re currently engaging with UAE government sectors to help setup production facilities locally, finding a local company with whom they could partner up with was a major hurdle initially.
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UAE ranks in global top 20 in key FDI confidence index
The United Arab Emirates has ranked 19th globally in the 2020 Kearney Foreign Direct Investment (FDI) Confidence Index, up from 21st place when it was last represented in the index in 2017. The …
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Premium delays by UAE residents, businesses increase due to Covid-19
The UAE residents and businesses are increasingly delaying their insurance premium payments following job losses, salary cuts and slowdown in the economy since the outbreak of coronavirus. The …
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Dubai Economy raises business community awareness on laws and best practices
Dubai Economy has launched the Commercial Compliance Manual, its new and comprehensive commercial guide on the Consumerrights.ae website to …
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ECI and DIEDC partner to boost UAE’s halal exports
Dubai Etihad Credit Insurance (ECI) has partnered with Dubai Islamic Economy Development Centre (DIEDC) to boost UAE exports through …
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Dubai gym pricing is ‘outdated, unaffordable,’ says GymNation founder
Gyms in Dubai are ‘overcharging’ customers with an ‘outdated’ pricing model that makes it difficult to stay fit, according to the founder and CEO of affordable fitness chain GymNation. Speaking to …
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More UAE residents, firms delay insurance payments amid Covid-19, say experts
The UAE residents and businesses are increasingly delaying their insurance premium payments following job losses, salary cuts and slowdown in the economy since the outbreak of coronavirus. The …
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US – UAE economic policy dialogue
The following joint statement was issued by the governments of the United States of America and the United Arab Emirates. WASHINGTON, USA – The United Arab Emirates (UAE) and the United States held …
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The Dubai swimming pools now open and what to know before you go
Hotels in Dubai began to reopen swimming pools on Friday, June 12, after more than two months of closures. Pools in hotels, health clubs and residential buildings are now able to operate, but there …
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Abu Dhabi Police denies desert starvation death
The Abu Dhabi Police has denied the death of an Emirati man due to “starvation in the desert”, a statement from the police said on Friday. Revealing the truth behind the incident, the police said a …
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‘We will overcome Covid-19 challenges together’, Dubai Retail tells tenants
A Dubai Retail spokesperson said that the company – the management arm of Dubai Holding – is confident of an imminent economic recovery …
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UAE stays in top 50 startup destinations
The UAE and Bahrain rank among the world’s top 100 startup destinations as well as the top two most-preferred ecosystems for startups in the Gulf region. Globally, the UAE came in at 43rd, while …
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Dubai sees demand for retail units
Since January 2020, the developer has sold 75 units in MBR City’s Riviera, 40 units in Al Furjan, 19 in Dubai Healthcare City … environment with an abundance of footfall to conduct their business in …
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Dubai’s Al-Habtoor Group planning major investment in Hungary, other central European countries
The Dubai group has a growing list of hotel properties in Budapest including the iconic InterContinental Budapest …
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vertu now in wafi city mall
vertu, the first luxury communications company opens a new store in wafi city in partnership … Burjuman and Grand Hyatt in Dubai, Marina Mall in Abu Dhabi and Seef Mall in Bahrain in addition …
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Ambassador opens passport renewal facility in UAE on Philippine Independence Day
The first PaRC facility was opened in the Wafi Mall in Dubai on November 21st 2019 with the Philippine Secretary of Foreign Affairs, Teodoro L. Locsin, Jr. leading the inauguration. The two PaRC …
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Sharjah Islamic Bank successfully priced $500 million Sukuk
SHARJAH, United Arab Emirates(AETOSWire): Sharjah Islamic Bank (SIB), one of the leading Islamic banks in the UAE, priced a $500 million (1.83 billion dirhams) long 5-year sukuk, with a profit rate of …
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