repeat business and a very strong network of agent partners across all our core markets.” The company predicted that remittances will continue to grow this year. According to the World Bank data, the UAE is the third-largest outward remittance market in …
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What will Virgin Mobile’s entry mean for the UAE telecom market?
Speaking to reporters, Sultan asserted that the launch of Virgin Mobile is “fully compliant with the current regulatory framework” in the UAE. “Nothing prevents us from launching another brand within our business,” he said. According to IDC …
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PMI shows UAE non-oil business growth at six-month high in January
The UAE’s non-oil business activity rose to a six-month high last month, thanks to a rise in new orders, higher output and improved demand from overseas, according to the latest data from Emirates NBD. The Emirates NBD/IHS Markit purchasing managers …
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Dubai Chamber launches second smartpreneur competition
He said that the competition is open to all entrepreneurs based in the UAE whose entries will be critiqued by a high-level judging panel. Participants are required to submit their business ideas in line with the Smart Dubai dimensions that include smart …
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UAE approves new visa scheme to attract ‘talented’ professionals
The UAE cabinet has approved a new entry visa scheme to attract qualified and talented professionals to the country, it was revealed on Sunday. UAE Vice President, Prime Minister and Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum called for …
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UAE to gain momentum in H2
“The stable political and security climate of the UAE helps it stands out in the region. The country’s business climate, already the most favourable in this region, is improving further,” said Falcioni. The much anticipated passing of the new UAE …
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UAE shoppers go easy on gold jewellery
Dubai: The warning signs are flaring red for UAE’s jewellery retailers, 2016 saw overall volumes at 43 tonnes, down 16 per cent on 2015’s tally of 51.4 tonnes. This is also the first time that annual jewellery sales dropped below 50 tonnes since 2010, the …
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Video: Snow in UAE, heavy winds topple crane in Dubai
The Dubai Roads and Transport Authority (RTA) also briefly suspended Dubai Metro service between Jafiliyah and Business Bay Stations “as a safety precaution” due to the falling debris on the metro tracks from the crane accident. Authorities urged …
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Dubai to produce report on real estate prospects
Dubai Land Department (DLD) has signed a Memorandum of Understanding (MoU) with Dubai Economic Council (DEC), to collaboratively prepare a detailed annual report on the prospects for the real estate sector in Dubai. The MoU for the report entitled “The …
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Dubai Aims to Become a FinTech Hub
Source: AFP, Yonhap News] By AsiaToday reporter Jina Koh – Dubai has joined the global battle to become a FinTech hub. With decades of growth, the city has developed its infrastructure to become a key business center and is now placing its focus on FinTech …
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Future-oriented strategy boosts business confidence in Dubai
Survey indicates 2017 budget, Expo 2020 and Dubai Plan 2021 fuelling expectations Business Confidence Index at 120 points in Q4, 2016; compared to 116.1 in Q4, 2015 Survey results from the latest quarterly Business Confidence Index (BCI) of the Department …
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UAE Central Bank clarifies virtual currency ban
For Ola Doudin, CEO and co-founder of BitOasis, the UAE’s first digital currency exchange, the clarification was welcome news, after worrying about the implications the prohibition might have had on her business. “We’re very glad to hear the Governor …
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Dubai developer Meraas rebrands, reveals new logo
“Over the past eight years, we have done amazing things that amplify Dubai’s potential as a leisure, business and medical destination, as well as a city that champions innovation, education, tolerance, youth, and happiness.” Most recently, it was …
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UAE’s non-oil foreign trade touches Dhs1.17 trillion between Jan-Sept
The UAE’s non-oil foreign trade stood at Dhs1.172 trillion during the first nine months of 2016, posting almost flat growth compared to Dhs1.170 trillion during the same period in 2015. The share of imports in the UAE’s total non-oil trade amounted to …
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AIM to focus on UAE’s $5.4bn space investments
The space industry is a new field to create new ideas and offers multiple business opportunities for start-ups and the private sector as well, with the support of the knowledge-based economies in the world, including the UAE. This leads to establishing new …
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Air India's first Dreamliner from Kochi arrives in Dubai
Dubai: Air India has marked the arrival of its first Boeing 787 Dreamliner to operate between Kochi in Kerala and Dubai. Dubai International Airport welcomed the debut flight from the south Indian city with a traditional water salute on Wednesday afternoon …
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Russian automaker kicks off exports to China & UAE
The company also started selling cars in the United Arab Emirates in a bid to have a share in the Middle East market. Mercedes-Benz looks to KAMAZ to build car plant in Russia The model being exported is the Lada 4×4 SUV, assembled in Kazakhstan by AvtoVAZ …
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