Dubai: Many expatriates in the UAE will continue to benefit from favourable exchange rates for the rest of the year as the US dollar is forecast to strengthen further. The American currency has been on a winning streak against a number of currencies from …
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UAE pledges $68m to support Syrian refugees
The UAE has pledged Dhs250m ($68m) to support education for Syrian refugees. State news agency WAM reports that the sum was announced at the Supporting the Future of Syria and the Region conference in Brussels on Wednesday and is intended to help Syrians …
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Indonesia seeks $10b in investments from UAE
ABU DHABI: Indonesia is targeting $10 billion (Dh36.7 billion) investments from the UAE in a wide range of sectors including oil and gas, hospitality and power generation, the country’s ambassador, Husin Bagis, told Gulf News in an interview on Thursday.
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Business Growth in UAE’s Private Sector Taps 25-month Highs
The UAE’s non-Oil private sector registered strong growth in March, in line with the trend so far this year, according to Emirates NBD’s monthly survey. Growth in the sector was led by expansion in business activity, which touched a 25-month high, the …
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Hyperloop One begins hiring as it prepares to open Dubai office in September
“We are set to open our first international office here in Dubai in September,” he told Gulf Business. “The focus [in the local office] will on be on project development, engineering, prototyping – basically everything we do in Los Angeles.
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Apparel, footwear largest retail segment in Dubai
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, McDermott sign deal for testing services
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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UAE's flydubai continues partnership with Germany's Recaro Aircraft Seating
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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UAE’s private sector business sentiment hits 19-month high
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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AP Interview: Trump's pro-business stance buoys Saudi effort
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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10 best countries to start your business in 2017
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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Why family business owners in UAE are seeking dual nationality
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 is always open for business
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 success in maintaining capital inflow, number of new FDI projects is a major achievement
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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Starting a business in Dubai: Legal business structures
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 attracted AED 25.5 billion in foreign investment in 2016, Hamdan Bin Mohammad says
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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UAE markets flounder as they wait for greater conviction
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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