“The UAE is an area where we can see sustainable growth for the … “There may be opportunities for IPOing some individual parts of the business but not as an overall business,” he said. “We are looki…
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Dubai RTA, Careem launch e-hail taxi JV
Many global e-hail companies were immensely interested in teaming with the RTA as Dubai offers excellent business prospects and has a global reputation as an attractive business haven,” he noted. “Fiv…
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UAE, GCC equities plunge; bearish trend to persist
The UAE and other Gulf equity markets plunged on Sunday following Wall Street’s poor performance on Friday due to concerns about a US government shutdown and global economic slowdown concerns. This be…
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Why UAE needs to stimulate scale-ups
driven primarily by Dubai’s position as a regional business hub and recent increased focus on SMEs and entrepreneurship,” he said, adding that the country attracts many entrepreneurs from outside, inc…
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Raja Al Gurg: in life and business UAE women can have it all
The managing director of the Easa Saleh Al Gurg Group talks to us about her new autobiography and the growing influence of women in the Emirates Raja Al Gurg at the launch of her autobiography in Duba…
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‘Dubai Economic Report 2018’ confirms emirate on track as financial, business hub
DUBAI, 22nd December, 2018 (WAM) — The Department of Economic Development, DED, announced the release of the ‘Dubai Economic Report 2018’ on Saturday. The report reviews the major macro- and …
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Austria’s OMV latest to join international firms developing Abu Dhabi’s strategic gas fields
ADNOC, the Abu Dhabi National Oil Company, has awarded OMV a 5 percent stake in the development of its Ghasha concession, ADNOC’s offshore ultra-sour gas mega project. Abu Dhabi expects the project to …
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Dubai says 1,748 new business licences issued in November
Dubai’s Department of Economic Development said the emirate remained a destination of choice for investment in diverse business sectors in November. Dubai’s Department of Economic Development (DED) sa…
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UAE sets up new fund accelerator for start-ups
A new fund accelerator has been announced by the UAE finance ministry with the aim … innovators from around the globe to establish business in the UAE. Sheikh Hamdan bin Rashid stressed that …
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Dubai issues nearly 2,000 new business permits in one month
Dubai: The city of Dubai continues to attract new businesses, with the emirate’s licensing division recently approving close to 2,000 permits. The Business Registration and Licensing (BRL …
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Dubai’s Careem launches delivery service, expects to close funding round soon
It plans to spend over $150m developing the delivery business, starting with food delivery services in Dubai and Jeddah. “Once you see us prove the model in the UAE (United Arab Emirates …
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If you ever wondered what life will be like when climate change makes outside unlivable, Dubai can give you a good idea
As Business Insider’s Kevin Loria summed up … particularly in places already vulnerable to high temperatures. As I hung out in Dubai last month, it struck me that the city’s severe climate and its a…
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Hyatt Announces Plans for Andaz Dubai La Mer
CHICAGO–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a management agreement with wasl Asset Management Group, one of the largest real es…
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Abu Dhabi Airports Celebrates the Winter Season with Exclusive Offers
peak travel season during the winter holidays, Abu Dhabi Duty Free has introduced a wide range of enticing retail offers and tantalizing dining experiences that promise to put visitors throughout Abu …
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UAE Based SHUAA Capital’s Acquisition of Kuwait’s Amwal International Investment Co. To Drive MENAT Region Expansion Roadmap
DUBAI, United Arab Emirates–(BUSINESS WIRE)–SHUAA Capital, the UAE’s premier financial services Group, is pleased to announce the commencement of its post-acquisition integration and consolidation e…
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Let the UAE be the role model of business owners
On December 1, many in the UAE received a call from the number 1971, a number which coincides with the birth year of the country. When we answered the call, it was a pre-recorded message from Sheikh M…
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Dubai FDI showcases strategic advantages in Spain
Dubai, known as a gateway to regional markets and a global business hub, is bidding to become a leading smart and sustainable city in the world. Following Spanish investors’ strong interest in the tou…
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