View the full release here: https://www.businesswire.com/news/home/20181104005006/en/ “As we weave in the sights, sounds and tastes of the local Abu Dhabi culture, the opening of Andaz Capital …
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UAE non-oil private sector growth eases in October but new business up
The UAE’s non-oil private sector economy continued to expand in October, though at a slower rate than the previous month due to a drop in output growth, according to the latest survey from Emirates NB…
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UAE law allowing 100% foreign ownership now in force
Read: UAE law allowing 100% foreign ownership to … in respect of the type of legal entity which may carry on business in the relevant sector Apply minimum capital requirements Impose …
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Record business optimism levels lift UAE economy
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 …
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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…
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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 …
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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 …
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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 …
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UAE’s business regulations get global recognition in latest report
The UAE’s ranking in the Doing Business 2019 report, an objective measure of business regulations and their enforcement put out annually by the World Bank, speaks volumes about the efforts of …
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Dubai issues nearly 14,000 new business licences so far in 2018
The Business Registration and Licensing sector of the Department of Economic Development, Dubai issued 13,825 new licences in the first nine months of 2018. The Business Registration and Licensing sec…
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UAE jumps 10 places in World Bank’s ease of doing business list
The UAE climbed 10 spots to 11th place in the World Bank’s annual ease of doing business ranking, following a package of reforms in the past year that boosted the country’s economic competitiveness. “ …
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Dubai ruler hails UAE’s emergence as global business hub
Sheikh Mohammed said significant efforts had been made by the UAE Federal Government, and other local departments, to create a “world-class business-friendly environment”. Sheikh Mohammed bin Rashid A…
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How the UAE, Saudi Arabia are planning a 5G revolution
Expo 2020 Dubai has already signed up to be Etisalat’s first major … the conceptualisation of new use cases and business models, and the integration or migration of IoT technologies. Next year “will …
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UAE gold demand set to rebound on VAT refund
issacjohn@khaleejtimes.com Associate Business Editor of Khaleej Times, is a well-connected Indian journalist and an economic and financial commentator. He has been in the UAE’s mainstream journalism f…
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UAE’s credit growth gains on government and corporate demand
Dubai: Gross credit growth strengthened to … banks’ Credit Sentiment Survey there was an increase in demand for business loans across all emirates in the third quarter of 2018, though …
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One-month partial closure of Sharjah Corniche Road
Dubai: Road authorities in Sharjah cautioned motorists over road works taking place along the Buhairah Corniche and nearby areas. The Roads and Transport Authority (RTA) in Sharjah announced that …
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Abu Dhabi Said in Talks to Create Two Banks in Three-Way Merger
(Bloomberg) — Abu Dhabi’s merger of three state-linked banks is set to create two new lenders, according to people with knowledge of the matter. Under plans being discussed, Abu Dhabi Commercial Bank …
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