The UAE will announce a list of sectors in which up to 100 per cent foreign ownership will be allowed under a new law, as the country seeks to boost investments in non-oil industries and create jobs f…
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UAE firms look to new markets to recruit talent
UAE state companies are no longer “stuck” attracting high-tech talent from its historically favoured markets like Europe and the United States, executives from some of the biggest local firms said at …
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UAE to list sectors for full foreign investment in first quarter
The United Arab Emirates (UAE) government early next year aims to publish a list of the sectors in which it will permit foreign ownership of up to 100 percent, the economy minister said on Monday. Spe…
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Dubai seen to be ahead of regional peers as innovation hub
Speaking to ITP Chairman Andrew Neil at the Arabian Business Forum in Dubai on Monday, Sweid – who was formerly chief investment officer at the Dubai Future Foundation and was founder of Leap Ventures …
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Drone video: Expo 2020 Dubai takes shape
Read: Video: Expo 2020 Dubai reveals design for final pavilion … Ahmed Al Khatib, told Gulf Business earlier this year. “The majority of Expo 2020-built construction contracts have already …
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UAE to list sectors for full foreign investment in early 2019
The UAE government early next year aims to publish a list of the sectors in which it will permit foreign ownership of up to 100 per cent, the economy minister said on Monday. Special business …
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Dubai business optimism soars even though non-oil economy slows in October
Construction activity in Dubai rose in October as business optimism climbed to the highest level since 2012, signalling an improvement in the health of the emirate’s non-oil private sector economy, al…
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Why Dubai businesses are upbeat about Q4
Dubai’s dominant services sector, which continues to diversify and progressively improve efficiencies, is the most confident of the future, followed by manufacturing, another focus sector in the emira…
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Dubai’s DEWA awards Dhs288m contract for 120 million gallon water reservoir
Dubai Electricity and Water Authority (DEWA) has awarded a contract worth Dhs288m ($78.4m) to construct a water reservoir in Al Nakhali in the Hatta region. The reservoir will hold 120 million …
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Louvre Abu Dhabi visitor numbers exceed 1 million in first year
Louvre Abu Dhabi announced on Saturday that it has welcomed more than … France, Germany, China, UK, the the US were also among the top visitors, state news agency WAM reported. The museum said it ha…
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UAE’s gold shoppers stack up on bars to beat VAT
Dubai: Gold shoppers in the UAE were picking up 10-and 20-gram bars in “record” numbers this week and making full use of their VAT-free status. On November 5 alone, more than 2 tonnes of gold …
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Dubai Police officers begin training on hover bike
Dubai’s police force is training to use hover bikes for emergencies in the not too distant future. CNN reports that HoverSurf, which partnered with Dubai Police to display a branded version of …
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Dubai Police ‘starts training’ on flying bikes, eyes 2020 launch
Dubai Police has reportedly started training officers to use a flying motorbike that was first showcased at the tech exhibition GITEX in 2017. According to CNN, California-based startup Hoversurf has …
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Tech Mix Conference in Dubai Showcases Innovative Solutions From UAE and Italian Startups
H.E. Majid Saif Al Ghurair, Chairman of Dubai Chamber, stressed importance of hosting the conference as it serves as an ideal platform for the business community in Dubai to learn about the latest sma…
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Dubai’s best bars and restaurants with sunset views 2018
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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Indian mid-sector hotel brand plans Dubai foray
the two major business districts of Dubai.” Mohammed Abdulrazzaq Abdul Aziz Al Mutawa, CEO of Al Waleed Real Estate, said: “There was a need for a midscale hotel of this calibre in this location. Indi…
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If hit by data breach, UAE firms not compliant with GDPR could face fines of $23m
Many UAE companies remain “critically vulnerable … Since May this year, local companies which do business in Europe (or have dealings with European nationals) are required to comply with …
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