H1 trade in the freezone grew 34 per cent over the corresponding period last year to reach Dhs77bn
The initiative follows years of political tensions that have stymied efforts to diversify the country’s economy and promote foreign investment
These new contracts are worth a combined $1bn
The transaction is in line with Public Investment Fund’s Strategy 2021-2025, which focuses on building strategic economic partnerships
China remained Dubai’s biggest trading partner with Dhs86.7bn worth of trade, up 30.7 per cent over H1 2020
The loan deferral component of the Targeted Economic Support Scheme will expire by the end of 2021
Businesses in Dubai’s travel and tourism industry in August saw the sharpest increases in activity and new work in over two years
With a young leadership at the helm, the GCC’s largest economy has embarked on a journey of growth, diversification and alliances
The Supreme Committee has also warned that authorities will shut down any establishments found in breach of the precautionary measures
The total cost of the five stimulus packages announced by the emirate’s government since the start of the pandemic amounted to Dhs7.1bn, or 1.6 per cent of Dubai’s GDP
The Public Authority for Manpower urged for restricting work permit issuance for one year to ‘utilise skilled labour already in the country’
The EDB Business Banking app is free to open and has no minimum balance criteria
The new entity will now oversee the operations of Dubai Airport Free Zone, Dubai Silicon Oasis and Dubai Commerce City
The emirate’s growing favourability among tourists, families and investors can be attributed to its focus on inclusion, innovation and diversity
Thousands of expats have left Kuwait this year and have been unable to return to the country due to the pandemic
The new platform is available for both conventional and Shariah-compliant banking customers
Attendance at all the events is limited to people who are fully vaccinated, and who can present the green pass status on the Alhosn app
Engaging the private sector, public sector, and all other stakeholders is imperative
The UAE was looking at sectors including defense, energy and food security
The UAE’s non-oil exports grew 10.1 per cent year-on-year in 2020 to Dhs254.6bn
The total number of expats in Kuwait stood at 3.154 million at the end of June
Chamber members’ exports and re-exports to the GCC countries during the first eight months of the year increased 16.4 per cent year-on-year to Dhs79.6bn
Several incentives have been unveiled to encourage UAE nationals to join the private sector including salary top-ups and unemployment benefits
Adopting a robust governance framework offers a roadmap for businesses to move forward
The Gulf state will expand economic ties with countries including South Korea, Indonesia, Kenya, Ethiopia and Turkey
The UAE has meticulously crafted its position as a startup hub, and similar to any venture, the path to reach the top has not been easy. In an exclusive, business setup company Virtuzone’s leaders elaborate on why they are convinced by its proposition
A new green visa has been launched to offer more flexibility to expats in the UAE
The project announcements will commence on September 5
As Uzbekistan hosts its first-ever independent pavilion at Expo 2020 Dubai, the country’s ambassador to the UAE Bakhtiyor Ibragimov reveals why he is confident about stronger ties with the UAE