Business optimism in the UAE rose to a record high in October prompted by a surge in oil prices as well as announcements of increased government spending and Expo 2020 investment, a survey by Dubai’s …
( read original story …)
UAE Secures 11th Spot on World Bank’s Doing Business Rankings
The UAE moved up 10 spots to 11th overall this year in the World Bank’s global Ease of Doing Business rankings, creating a world-class business-friendly environment and enabling the country to vie wit…
( read original story …)
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 …
( read original story …)
UAE’s lowest temperatures touch 11.7 degrees Celsius
Dubai: Early mornings are getting cooler in the UAE as the official start to winter is drawing closer. Minimum temperatures in some parts of the country trended downwards to 11.7 degrees Celsius …
( read original story …)
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 …
( read original story …)
Hotel Review: InterContinental Abu Dhabi
I had the chance to stay at this property for a long weekend and try some of the hotel offerings. If you can remain sober during your holidays keep yourself out of trouble, Abu Dhabi is a fine destina…
( read original story …)
Sharjah Contact Centre goes 24/7
Sharjah: Sharjah Contact Centre of the Sharjah Government Media Bureau (SGMB) announced its new 24/7 service on Sunday. The new service aims at activating communication with the public through …
( read original story …)
Saudi schools IPO underscores weakening foreign demand
Dubai: A Saudi private school operator’s initial … department didn’t reply to calls or emails seeking comment on the IPO. Bankers were marketing NCLE’s shares in a tough environment …
( read original story …)
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 …
( read original story …)
Dubai International Financial Centre Signs Landmark Agreement with China Banking Association
MoU to create synergies and promote knowledge sharing in the areas of financial services and FinTech The two entities to collaborate on sharing best practices and delivering enhanced services to their …
( read original story …)
New law enhances discretionary powers of UAE Central Bank
… Law No. 14 of 2018), entrusts the Central Bank of UAE with the responsibility of licencing and regulation of all kinds of financial services activities in the UAE. The law expands on previous …
( read original story …)
Bank results reflect strong revival in operating environment
Dubai Islamic Bank (DIB) reported a net profit of Dh3.7 billion for the first nine months of 2018, up 12.1 per cent from Dh3.3 billion reported in the same period last year. For the third quarter …
( read original story …)
Dubai adds 250MW capacity to fourth phase of solar park
Dubai Electricity and Water Authority signed an agreement to add a further 250 Megawatt capacity to the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, one of the largest concentrated s…
( read original story …)
Dubai’s on the AI highway
Autonomous Taxi displayed by RTA during the Gitex Tech 2018 at the Dubai World Trade Centre on October 14. Atiq Ur Rehman/Gulf News Smart kiosks and customer happiness meters are being AI driven.
( read original story …)
UAE participating in ‘Arab Shield 1’ military exercise in Egypt
Cairo: The UAE Armed Forces is participating in the joint Arab military exercise titled ‘Arab Shield 1’ which is taking place from November 3 to 16, at the Mohammad Najeeb Military Base in Egypt.
( read original story …)
Dubai property brokers earn $229m commissions so far in 2018
Dubai Land Department (DLD) on Saturday announced that the real estate brokerages made commissions totalling AED842 million ($229 million) in the first nine months of 2018. The brokers contributed to …
( read original story …)
Dubai expands plan for phase 4 of giant solar park
Dubai Electricity and Water Authority (DEWA) on Saturday announced plans to expand the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The state utilty said it has signed an amendment t…
( read original story …)