The Dubai Future District Fund (DFDF) is expected to see investments reach $1.7bn by 2025. The collaboration between the Dubai Future Foundation and the DIFC, the Fund aims to support emerging …
India’s exports to UAE may touch high of $32 billion in FY23: Commerce Ministry
with a rise in utilisation of the India-UAE free trade agreement (FTA) signed earlier this year, per projections made by the Commerce & Industry Ministry. “The two countries are also set to discuss …
India’s exports to the UAE may cross all-time high of $32 billion
As per the official, the two sides are also working on customs facilitation wherein their logistics and customs portals would get integrated and help in real time data exchange and tracking of ships …
Exports in essential oils, sugar & confectionary, cereals rose most after India-UAE CEPA
Exports of other commodities which grew during the same period were sugar & confectionary (44 percent); cereals (38 percent); coffee, tea & spices (37 percent); automobiles (33 percent), and …
India, UAE mull options to curb foreign exchange rate risks on rupee trade
A meeting between India and UAE representatives is scheduled for May to discuss … the plan to settle international trade in the local currency last year. It will let importers make payments in the …
UAE, Oman call for bids on $3 billion transnational railway project
According to Etihad Rail, the UAE railway is also meant to be an integral link to an anticipated Gulf Cooperation Council railway network that would connect in the future to countries such as Saudi …
Abu Dhabi Hub71 tech start-ups raised $1.2bn in VC funding last year
Abu Dhabi’s Hub71 community expanded by 102% last year Abu Dhabi Hub71 tech start-ups raised $1.2bn in VC funding last year Abu Dhabi, Hub71, start-ups, startup, startup business, startup funding, …
‘Dubai is my second home, I love its champion mentality,’ says Novak Djokovic
The world No. 1 men’s tennis player Novak Djokovic lauded the emirate and the UAE’s “culture of innovation” which has had a major positive impact around the world.
India’s gold imports could be hit due to anticipated price rally denting retail demand
This, in turn, could lead to further fall in India’s import of the yellow metal. The UAE is the second largest exporter of gold to India, after Switzerland. The country’s gold imports, which have been …
Dubai: Woman defrauds man of Dh185,000 through social media
He began to transfer the amount to her in installments, including two payments that he handed over in cash to a person in the emirate …
Ramadan: Sharjah intensifies market inspection campaigns
Sharjah: Consumers were urged to report commercial fraud as inspection campaigns on business establishments whose activity is related to the holy month of Ramadan have been intensified by the Sharjah …
Ramadan 2023 in UAE: How residents can save up to 70% on groceries despite hike in prices of poultry, eggs
This comes as the UAE’s Ministry of Economy has allowed retailers to hike prices of eggs and poultry temporarily by 13 per cent due to challenges related to imports of raw materials and high …
Vertical farming, hydroponics: How UAE farms are creating oases of green across the desert
At full scale, the 200-hectare AgTech Park will target production volumes of over 40 tonnes of fresh fruits and vegetables annually, which would account for up to six per cent and 12 per cent, …
Trade between Pakistan and UAE: Khor Fakkan port to be more efficient, says official
Khor Fakkan Container Terminal (KCT) is the only fully-fledged operational container terminal within the United …
Amazon opens a new fulfillment centre in Dubai South
Ahmed Mahboob Musabih, director-general of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation added: “The launch of Amazon’s new shipping centre in Dubai South is a testament to Dubai’s …
Dubai Chambers passes 100 business group target as it boosts city economy
Dubai Chamber of Commerce has launched more than 100 business groups Dubai Chamber of Commerce has exceeded its target of setting up more than 100 business groups by March this year. The chamber has …
India’s Malabar Gold & Diamonds merges all international operations into new Dubai hub
“With the UAE-India CEPA deal, it’s easier to source all the jewellery requirements from our factories in India at 0 per cent import duty into Dubai,” said Shamlal Ahamed, Managing Director for …