Business
Abu Dhabi Global Market announces capital’s financial free zone ‘open for business’
27 Oct 2015
Abu Dhabi Global Market, the UAE capital’s financial free zone, has declared itself “open for business” and ready to accept applications from potential member firms.
“Today marks an important achievement in our journey to develop ADGM, an international financial centre in the heart of the capital of the UAE, a centre of wealth and a gateway to the growing economies of the region and beyond,” said Ahmed Al Sayegh, the chairman of ADGM, who has overseen the two-and-a-half year... Read More
HH Sheikh Hamdan Bin Rashid Al Maktoum opens Gulfood Manufacturing 2015
27 Oct 2015
The 2015 editions of Gulfood Manufacturing, the Speciality Food Festival, Sweets & Snacks Middle East and SEAFEX – running at Dubai World Trade Centre (DWTC) until Thursday 29 October - were inaugurated today by His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, and UAE Minister of Finance.
Joining His Highness Sheikh Hamdan bin Rashid Al Maktoum were His Excellency Helal Saeed Almarri, Director General, Department of Tourism & Commerce Marketing (DTCM)... Read More
Don’t miss Dubai Aquarium’s new Kraken’s Lair exhibit!
27 Oct 2015
Mysteries of the deep will be revealed to visitors in a new attraction at Dubai Aquarium and Underwater Zoo.
27 October 2015
The Kraken’s Lair exhibit opens on October 30 – in time for Halloween – and features octopuses and other cephalopods.
Visitors will get to see a range of species including squid and cuttlefish, which have the ability to disguise themselves, mimic other animals, change shape and colour as well as manipulate their environment to escape predators.... Read More
Shaikh Mohammad reaffirms commitment to excellence
27 Oct 2015
He underlines the importance accorded to equipping all residents of Dubai, whether Emirati or expatriate, with the knowledge and skills that will make the UAE still greater
27 October 2015
Dubai: A new guide, The Business Year: Dubai 2015, features first-hand accounts of the latest infrastructure initiatives and policy reforms in the emirate as well as the opportunities presented by them to businesses and investors worldwide
The guide is a comprehensive publication on... Read More
UAE on track to achieve high growth, Minister of Economy asserts
27 Oct 2015
The UAE Minister of Economy says number of new initiatives to spur the economy
26 October 2015
Abu Dhabi: The UAE is set on a path to maintain high growth despite the economic uncertainties in the world, weakening oil prices and regional instability, the UAE Minister of Economy said on the second day of the Global Agenda Summit in Abu Dhabi on Monday.
“We have drafted a vision for many sectors to be developed by 2021. We plan to ensure that 5 per cent of the total GDP is... Read More
Emaar said to plan mall, hotel venture for Expo 2020
27 Oct 2015
The UAE’s largest developer by market value to build the properties in a joint venture with Dubai World Trade Centre
Dubai: Emaar Properties PJSC, owner of the world’s largest mall, plans to build a shopping centre and several hotels on the Dubai site that will be used to stage the World Expo 2020, two people with knowledge of the matter said.
The UAE’s largest developer by market value will build the properties in a joint venture with Dubai World Trade Centre LLC, said the... Read More
Oil at $80 seen as ideal in next phase - UAE economy minister
26 Oct 2015
The minister said the world could not afford to let oil stay at its current level, which is roughly $50 a barrel for Brent crude
By
Reuters
The level of $80 a barrel is seen as an ideal price for oil as the world economy moves to higher growth, the United Arab Emirates’ Minister of Economy Sultan bin Saeed al-Mansouri said on Sunday.
“The minister of energy looks at $80 as the ideal price of oil as we go to the next phase,” Mansouri told reporters before the start... Read More
UAE cabinet approves slightly smaller federal budget for 2016
26 Oct 2015
Next year's budget has been set at Dhs 48.56bn with a zero deficit
By
Reuters
26 October 2015
The cabinet of the United Arab Emirates approved a slightly smaller federal budget for 2016,... Read More
Flydubai begins operations from Dubai World Central
26 Oct 2015
The carrier will offer flights to destinations such as Amman, Beirut, Chittagong, Doha, Kathmandu, Kuwait and Muscat from DWC
26 October 2015
Dubai-based airline flydubai has started operations from Al Maktoum International at Dubai World Central from Sunday, October 25 as it seeks to grow its network.
Flydubai will begin services to destinations such as Amman, Beirut, Chittagong, Doha, Kathmandu, Kuwait and Muscat from DWC and is expected to operate roughly over 70... Read More
UAE to grow 3.5% in 2015
26 Oct 2015
26 October 2015 Taxes may be considered but only if it would serve national interests, says minister.UAE Minister of Economy Sultan bin Saeed Al Mansouri says he expects the country's economy to grow by three to 3.5 per cent in 2015, and that the taxes could be introduced in the country - but only if they serve the national interest.
The minister was speaking at a Press briefing on the first day of the eighth Summit on the Global Agenda, which is taking place until tomorrow and... Read More
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