Tag: business

Dubai’s apparel and footwear market, valued at $11.5 billion in 2016, accounted for the largest share of the emirate’s retail sector, according to new analysis released by the Dubai Chamber of Commerce and Industry during the 11th World Retail Congress …
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Exova, a global testing company, has been awarded a contract with McDermott to deliver a range of testing services for offshore fabrication projects in the UAE’s oil and gas sector. McDermott is a leading provider of integrated engineering, procurement …
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Dubai-based carrier flydubai and the German aircraft seat manufacturer Recaro Aircraft Seating will continue their long-standing partnership, the two companies announced today at the Aircraft Interiors Expo in Hamburg. The carrier will equip its new Boeing …
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Dubai: The UAE’s purchasing managers index (PMI) — a key indicator of business sentiment — hit a 19-month high of 56.2 during March. It was 56 in February. “The latest PMI survey for the UAE points to encouraging growth in the non-oil economy …
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DUBAI, United Arab Emirates – The Saudi prince tasked with attracting foreign investment said Monday that U.S. President Donald Trump’s pro-business administration can be a good thing for the kingdom as it overhauls its economy and prepares to publicly …
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The report analyses 189 economies on 11 parameters of business processes. UAE: Rank 26 UAE ranks 26th in ease in doing business, coming up from 60th position in 2016. The reforms made this year include streamlining of name reservation and articles of …
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Dubai: A growing number of business owners in the UAE is looking to get a second passport, not just to see the world freely and secure better quality of life for their family, but also to skip red tape as they diversify their assets and expand their …
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Dubai’s ability to attract foreign direct investment and sustain its ranking among the top 10 in the world is no mean feat. Especially so when global growth remains weak and volume of foreign direct investment continues to fall worldwide. Last year, the …
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Dubai’s competitive business environment that creates unique and diverse opportunities for foreign investors stems from the vision and directives of Their Highnesses, he said.
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The Department of Economic Development lays down acceptable legal structures for companies based in Dubai. The rules and regulations for each of these vary accordingly and the categorisation is based on the ownership of the firm. If you are a foreign …
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Dubai, as a city of the future that embraces talent, innovation and new business models, continues to inspire a new generation of companies that rely on modern technology and seek competitiveness. Eye on future Shaikh Hamdan said that Dubai’s FDI …
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Last week the Dubai Financial Market General Index (DFMGI) was up 19.00 or 0.55 per cent to close at 3,480.43. Although not a big move, this was the best performance in seven weeks. For five of the past seven weeks the index was down while it was flat for …
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He may be the Crown Prince of Dubai, but Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum (more commonly known as “Fazza”) is certainly the king of Instagram. The 34-year-old allows his 5.1 million followers — and 2.41 million on Twitter — to get a …
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Vice announced its arrival with a party on Wednesday at the glitzy Armani Hotel in the world’s tallest tower, the Burj Khalifa, in Dubai, the global trade hub where the New York-based company will set up its regional headquarters. Vice reckons the region …
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The maximum speed limits on two of Dubai’s major roads is set to be reduced, it was revealed on Wednesday. Dubai’s Roads and Transport Authority (RTA) and Dubai Police announced that the maximum speed limit on Emirates Road and Sheikh Mohammed Bin …
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Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last-minute bid by Dubai billionaire Mohamed Alabbar’s Emaar Malls. The value and terms of the agreement, which deal adviser Goldman Sachs called “the biggest-ever …
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Dubai: Dubai Media City intends to get right in the middle of connecting the media enterprises within the free zone to start talking to each other. “They are so good at communicating on behalf of their clients… but there’s not much of that happening …
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