UAE GDP growth bottoming out with turnaround expected next year

Dubai: The UAE’s economic growth which faced strong headwinds following prolonged low oil prices and slump in international trade are seen bottoming out this year for a turnaround from 2018, according to recent economic forecasts. According to Bank of ... ( read original story ...)

Siddaramaiah invites NRI tycoons in UAE to invest in Karnataka

Praveen Kumar Shetty in association with industrialist Ronald Colaco hosted the first ever historical KNRI-UAE Business Meet with Chief Minister of Karnataka Siddaramaiah at Fortune Park Hotel, Dubai Investment Park on Saturday the 29th April, 2017 evening ... ( read original story ...)

UAE launches new Soft Power Council

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has launched a new council designed to boost the country’s standing globally. The UAE Soft Power Council will introduce a new national ... ( read original story ...)

UAE increases fuel prices for May

The UAE will be increasing fuel prices in May, the energy ministry announced on Sunday. Petrol prices have been hiked by an average of 3.2 per cent from April while diesel prices are up by 1 per cent. In May, the prices per litre of fuel will stand at ... ( read original story ...)

Dubai’s new Apple store gets royal welcome

Dubai: The opening of Apple’s third store in the UAE got a royal welcome when none other than the crown prince of Dubai paid a visit to the two-storey mega store in Dubai Mall recently. Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, along with his ... ( read original story ...)

How the UAE immigration landscape impacts business mobility

According to statistics from the Department of Economic Development in Dubai, more than 22,000 business licenses were issued in 2015, representing a 17.4 per cent growth from 2014 despite the challenging economic environment. This growth highlights the ... ( read original story ...)

Dubai Frame subject to copyright lawsuit in the US

He also provided Gulf Business with what he alleges is a copy of the competition agreement, which also states that subject to approvals, Dubai Municipality may “engage the winner to prepare the final design and documentation of the winning proposal”. ( read original story ...)

UAE project awards surge 42.6% in the first quarter

Dubai: The value of UAE projects awarded rose by a solid 42.6 per cent quarter on quarter in the first quarter of 2017, with both Dubai and Abu Dhabi seeing significant increase. The value of projects awarded was above the two-year trend level and up a ... ( read original story ...)