empower Dubai

Dubai: Empower’s net profit tops Dhs1bn for 2022

The company proposed a dividend amount of Dhs425m for the second half of 2022

Dubai Chambers inaugurates new office in Hong Kong

The office will promote trade from Hong Kong to Dubai and attract more businesses to the emirate

UAE private sector companies must increase Emirati staff by 1% every six months

The new mechanism does not amend the annual targets, which require companies with 50 employees or more to achieve a 2 per cent increase in Emiratisation by end of the year

Abu Dhabi Chamber launches new strategy to boost economy

Abu Dhabi Chamber launches new strategy to boost economy

The chamber has focused on six strategic objectives, in its 2023-2025 strategy

Saudi Omani conference Photo courtesy saudi press agency SPA

Saudi Arabia, Oman sign 13 investment agreements, value exceeds SAR1bn

The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh

Saudi Arabia - FDI

Saudi Arabia’s economy grows by 8.7% in 2022

The kingdom’s real GDP grew by 5.4 per cent during the fourth quarter of 2022

UAE's digital economy

UAE’s digital economy to reach $140bn in 2031: Dubai Chamber of Digital Economy

The chamber’s plans include attracting 300 digital startups and 100 tech experts to Dubai by 2024

Hayya Card holders can enter Qatar until January 2024

Hayya Card holders can enter Qatar until January 2024

Cardholders who wish to enter the country must have a passport validity of at least three months upon arrival

Bosses can ask employees to work overtime up to two hours a day

An employee’s total working hours should not cross 144 every three weeks

Saudi Arabia announces new $266m entertainment destination

The destination will feature an e-karting and a 10-lane futuristic bowling experience, a 12-hole indoor adventure golf course, and a 10-screen cinema

UAE President visits Pakistan

UAE President visits Pakistan

The two sides reviewed several regional and global issues of mutual concern and exchanged views

Dubai Chambers WAM

Dubai Chamber of Commerce launches 4 new business groups

The chamber plans to increase the number of sector-specific business support groups to 100 by March 2023

Tecom Group

Power Letters 2023: Abdulla Belhoul, chief executive officer, Tecom Group

As many parts of the world look to accommodate new work environments, Tecom Group remains committed to providing companies with modern and flexible spaces to engage

Dubai wins bids to host 232 business events in 2022

Dubai wins bids to host 232 business events in 2022

The events are to be held over the coming years and will bring in an additional 135,000 visitors

Better benefits can give UAE firms an edge in global battle for talent

Better benefits can give UAE firms an edge in global battle for talent

Workplace savings, unemployment insurance, and education allowances are among the top benefits sought by employees

UAE reduces legal age to run a business

UAE reduces legal age to run a business

The issuance of the new law replaces previous legislation that remained in effect for almost three decades

UAE President receives Azerbaijan's head of state

UAE President receives Azerbaijan’s head of state

The president of Azerbaijan, Ilham Aliyev, is paying a working visit to the UAE

Global economy ‘slowing sharply’, projected to grow by 1.7% in 2023, says World Bank

Over the next two years, per-capita income growth in emerging market and developing economies is projected to average 2.8 per cent, a full percentage point lower than the 2010-2019 average

Sheikh Hamdan and Sheikh Maktoum review roadmap for D33 implementation_photo courtesy_Dubai Media Office

Dubai: Sheikh Hamdan, Sheikh Maktoum review roadmap for D33, first 10 projects

The first phase of D33 projects includes launching the Dubai Green and Sustainable Industry Plan

Dubai economic growth plan d33

Here’s what Dubai’s ambitious D33 agenda aims to achieve

The first set of projects includes the Dubai Unified License that will provide a unique commercial identity for all companies across economic zones

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai_courtesy_Dubai Media Office

Sheikh Mohammed launches Dubai Economic Agenda, ‘D33’ aims to double size of economy in 10 years

The agenda includes 100 transformative projects with economic targets of Dhs32tn over the next 10 years

Courtesy Arab Monetary Fund

Arab Gulf Programme for Development, AMF partner to boost sustainable development goals

The two organisations will coordinate efforts to deal with issues related to the development of the financial and microfinance sectors

global economy

World economy headed for a recession in 2023: CEBR

The global economy surpassed $100tn for the first time in 2022, but will stall in 2023, the British consultancy said in its annual World Economic League Table

Israel

Calev’s Newsroom: Israel, India and UAE forge a new trade route

There are many facets of economic integration and growth contained within the Israel-India-UAE triangle

IMF sees Kuwait's GDP growth at above 8% for 2022

IMF projects Kuwait’s GDP growth above 8% for 2022

The rise in GDP growth in 2022 is supported by increased oil production, high oil prices, and sustained improvement in domestic demand

Saudi Arabia's non-oil exports rise 4% to $6.6bln in October

Saudi Arabia’s non-oil exports rise 4% to $6.6bn in October

Non-oil exports mainly comprised chemical and allied industries, accounting for 41 per cent of the total non-oil merchandise exports

IMF

UAE economy survived economic impact of Covid-19: IMF official

According to the latest IMF report, UAE GDP growth is projected to reach above 6 per cent in 2022, up from 3.8 per cent last year

Saudi Arabia, Azerbaijan to establish joint business council

Saudi Arabia, Azerbaijan to establish joint business council

The committee also witnessed the signing of an MoU between the Saudi Fund for Development and the Ministry of Economy of Azerbaijan

UAE Central Bank projects real GDP to grow by 7.6 % in 2022

UAE Central Bank projects real GDP to grow by 7.6 % in 2022

The review expected the non-oil GDP to grow by 6.1 per cent in 2022, against 4.3 per cent previously, with the oil GDP to expectedly grow by 11 per cent this year

Etihad Credit Insurance partners with RAKEZ

Etihad Credit Insurance partners with RAKEZ to boost the emirate’s non-oil foreign trade

The MoU came as part of ECI’s continuing effort to support Ras Al Khaimah’s strategy to boost its export activities