This follows the waiver of this prerequisite regulatory requirement to start a travel and tour business in the emirate. The new deregulatory measure allows for instant liquidity to be injected into Du…
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Dubai Tourism to return $68m in bank guarantees to local firms
Dubai’s Department of Tourism and Commerce Marketing has announced it will release Dhs250m ($68m) of bank guarantees, allowing local tourism players to reinvest in their business. Better known …
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Dubai scraps bank guarantees required to set up tourism companies
Dubai will waive bank guarantees required to set up tourism companies as the emirate seeks to lower the cost of doing business and attract investments in line with government initiatives to stimulate …
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Dubai DED in bid to spur ‘instant license’ service
The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED) in Dubai, is partnering with Emaar Hospitality Group to promote the Instant License service offered …
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Siemens’ role ‘over 40pc in UAE power output’
… demonstrates that during financial year 2018 and coinciding with the Year of Zayed the company’s business goals aligned with the ambitions of the UAE, its government, its people and the broader so…
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UAE adopts ‘business continuity policy’ for energy sector
The UAE’s Department of Energy (DoE) – Abu Dhabi has adopted the “Business Continuity Policy” for the energy sector with the aim of enhancing performance and ensure a safe and sustainable supply in th…
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Dubai is ‘perfect’ holiday destination, says boxer Amir Khan
Dubai is a “perfect” family destination that caters to all kinds of visitors, according to one of the emirate’s most prolific celebrity visitors, British boxer Amir Khan. Speaking to Arabian Business, …
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Dubai Customs, Indian companies explore ways to promote trade
At the meeting, Musabih highlighted the role Dubai Customs plays to develop and promote relationships with foreign business councils in support of Dubai’s economy. He pointed out there are 4,500 India…
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Dubai’s best bars and restaurants with sunset views 2019
FIVE Palm Jumeirah Dubai (050 900 4868). The bar is an impressive 68 floors up, so perfect for a bit of sunset appreciation (and potential vertigo). The large windows are ideal for a bit of misty-eyed …
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Dubai residential prices could fall by up to 10% in 2019 – report
Residential real estate prices in Dubai could fall by 5 to 10 per cent in 2019, weakened by new supply, a strong dollar and lower oil prices, the Middle East chief executive of Savills said on Monday.
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Traders to receive 50% reduction on commercial fines in Dubai
Total trade volumes in Dubai’s economic free zones grew by 22 per cent year-on-year in the first nine months of 2018, with the designated business hubs making a significant contribution to the emirate …
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Dubai unveils ‘Fifty Year Charter’ to improve lives of residents
The following article calls for the creation of free economic and creative zones in Dubai universities. “We will announced our public and private universities as free zones that allow students to carr…
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Dubai’s DED waives $6.3m in fines for businesses in 2018
The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai’s Department of Economic Development … flexible as it will automatically adjust the fines and benefit more business owners.” Th…
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Dubai Industrial Park marks opening of new mall
Speaking on the occasion, Saud Abu Al-Shawareb said the opening of the new mall not only serves their ambitious plans to position Dubai Industrial Park as a lucrative hub for business investment …
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Dubai Investments’ Fujairah tower set for 2020 completion
Recently, Dubai Investments managing director and CEO Khalid Bin Kalban had toured the site alongwith the company’s board of directors, and were given a status update on the project. Bin Kalban said: …
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Why Dubai has a market dedicated only to gold – with a US$3 million ring weighing 141 pounds
Dubai was settled as a port city in the early 1800s … the owner of Shantilal, a family-run business that is over 50 years old, told The National newspaper in Abu Dhabi, the capital city of the Unite…
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Preatoni Tower rescued and now open for business
Dubai: Preatoni Real Estate has announced the completion of the Dubai Star project, four years after its initial developer abandoned the multi-million project following the 2009-2010 economic crisis t…
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