Dubai Aerospace Enterprise is buying Dublin-based Awas Aviation Capital in a move that will create a $14 billion (€12.9 billion) aircraft leasing business. The owners of Awas Aviation Capital, the Dublin-based aircraft lessor, is selling the company to …
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Dubai Aims to Be a City Built on Blockchain
The goal of Dubai’s government is to conduct a majority of the emirate’s business using blockchain, which it expects will make government services more efficient and help promote enterprise in Dubai as it will become easier to do business there.
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Expanding cooperation in business between UAE, Azerbaijan
Azerbaijan’s Economy Minister Shahin Mustafayev has visited Dubai, as business leaders from Azerbaijan and the UAE gathered in the financial capital to discuss opportunities to invest in Azerbaijan and boost business relations between the two countries.
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Dubai sees 11% increase in tourists in Q1
Dubai received 11 per cent more overnight visitors in the first three months of the year than in Q1 2016, according to the emirate’s tourism body. Dubai Tourism said growth during the quarter doubled resulting in 4.57 million visitors. This was thanks …
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Dubai’s RTA mulls deploying electric smart vehicles at malls, metro stations
Dubai’s Roads and Transport Authority (RTA) is mulling the deployment of electric ‘smart’ vehicles across the city, a senior official has said. The RTA, which concluded a two-month trial of the autonomous vehicle in the Business Bay area, said that …
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UAE businesses should ‘shift gender discourse’ – senior businesswoman
Businesses in the United Arab Emirates should change the way they discuss gender, according to prominent business leader, Dr Raja Easa Al Gurg. Speaking at a recent event, the managing director of the Easa Saleh Al Gurg Group and president of the Dubai …
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Satisfaction rating of self-driving vehicle at Business Bay hits 91%
The Smart Autonomous Vehicle, which had recently been experimented over two months in the Business Bay district by Roads & Transport Authority (RTA) in cooperation with Dubai Properties, has claimed an overall satisfaction rating of 91%. The result is …
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Hotel insider: Steigenberger Hotel Business Bay, Dubai
After some confusion finding the valet parking service – the entrance is not where you would expect and signage is not straightforward – when I eventually pull up, I am attended to promptly and efficiently. At the reception counter, I’m greeted with …
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UAE ranked among top global destinations for FDI
The UAE has also pledged to continue to advance its technological readiness and deepen its commitment to innovation. The government’s recent efforts show signs of gaining significant traction. In the World Bank’s Doing Business 2017, the UAE is …
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How to curb soaring inpatient costs in the UAE
UAE authorities estimate that 5 per cent of all paid health … In 2014, researchers from Harvard Business School made the observation that surgeon productivity is drastically reduced by only having one operating room available to them.
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UAE business confidence rebounds strongly in first quarter
Dubai: Business confidence in the UAE has rebounded strongly and hit its highest level since 2015, indicating that companies are feeling more positive about the economy and expanding their headcount. According to the latest edition of the Global Economic …
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Cost of sending money: What you need to know
Dubai: The recent increase in the cost of money transfers from the UAE will not affect the majority of expatriates who make a beeline at exchange houses every payday. Remittance service providers in the UAE have recently increased their transaction charges …
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Dubai Holding appoints new CEO, denies any merger plans
His comments came as Dubai Holding presented its new business model to Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of Dubai. The conglomerate will establish a new organisational structure, a debt management programme, focus on growth in …
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UAE expats to pay more for sending money home
A few leading money exchange houses in the UAE have increased remittance fees by between seven and 10 per cent to “cope with the rising cost” of doing business. Fee for remittance below Dh1,000 has been increased by Dh1, up from Dh15 to Dh16, and for …
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Dubai's popularity as Mice destination grows
Through 2016, DWTC’s Dubai International Convention and Exhibition Centre (DICEC) venue hosted 298 Mice and business events, including over 100 mega-events, delivering a record 3.03 million attendees, delegates and visitors to these events, reflecting …
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UAE to develop three projects worth Dhs171m in Sharjah, Umm Al Quwain
The UAE’s Ministry of Infrastructure Development is developing three projects worth Dhs171m in Sharjah and Umm Al Quwain, official news agency WAM reported. The projects include two projects for the Ministry of Interior and one for the Ministry of …
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$1bn UAE mall partners with Majid Al Futtaim unit
Abu Dhabi’s upcoming fashion, entertainment and dining destination, the $1-billion Reem Mall, has signed a leasing agreement with Majid Al Futtaim Ventures, the leisure, entertainment, fashion and business arm of UAE-based conglomerate Majid Al Futtaim …
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