Business and Economy
Saudi Aramco announces intention to offer IPOs on domestic stock market
04 Nov 2019
Saudi Aramco, the world’s largest integrated oil and gas company, wholly owned by the Government of the Kingdom of Saudi Arabia, on Sunday announced its intention to proceed with an initial public offering (IPO) on Riyadh's Tadawul Stock Exchange.
The Government intends to sell a portion of its shares in Saudi Aramco, said a press release issued by the company on Sunday.
The Kingdom's Capital Market Authority, CMA, approved the company’s application for the initial public... Read More
Millennium & Copthorne Makkah Al Naseem collaborate SCTH
31 Oct 2019
Aligning with the Saudi Vision 2030 and aspirations to develop leadership skills for employees and young students, SCTH “Saudi Commission for Tourism and National Heritage visited Copthorne & Millennium Makkah Al Naseem on 13th October to activate its initiative “Ektashef ElMehan Fi ElAnshitah ElSeyahyia”, in Arabic “Discover Professions in Tourism”.
Aimed at exploring leadership skills and rehabilitating them through specialized training programs, the session has took place in... Read More
The 10th edition Women in Leadership Economic Forum Kicks off
28 Oct 2019
The 10th Anniversary Edition of the Women in Leadership (WIL) Economic Forum by Naseba opened today at the Address Sky View Hotel in Dubai under the theme, ‘Daring to Build a Better Future’. The 2-day forum is the largest female economic empowerment platform in the Middle East and brings together leading regional and international organisations such as Siemens, Facebook, Allergan, FedEx, Philip Morris, PWC, General Motors and Emaar Hospitality to share their success stories on gender parity... Read More
Dubai Economy Holds steady in Q2 2019 According to Consumer Confidence Index
27 Oct 2019
Consumers in Dubai remain upbeat on the overall economy in the emirate and their personal finances with optimism largely stemming from anticipated improvement across tourism, trading and employment.
Nationals as well as expatriates shared a bright outlook in the quarterly consumer confidence survey of Dubai Economy and the overall Consumer Confidence Index stood at 139 points in the second quarter of 2019, a marginal decline of one point over the previous quarter, as 87 percent of the... Read More
DAFZA contributes 12% to Dubai’s foreign trade in first half of 2019
16 Oct 2019
(WAM) Dubai Airport Freezone Authority, DAFZA, has further established itself as a global facilitator for business growth and prosperity and a vital engine for Dubai's economy following the announcement of its half year results for 2019.
DAFZA's contribution to Dubai's foreign trade reached 12 percent in the first half of the year, confirming the success of its plans to enhance its role in Dubai and to establish its presence amongst the free zones as one of the most developed,... Read More
Russia keen on filling UAE’s food import demand, say experts
13 Oct 2019
(WAM) -- Russia is looking to increase its agricultural exports to the UAE, in a bid to take advantage of the UAE’s highly receptive and rapidly growing market for food products, say Emirati and Russian trade officials.
Over the past few years, Russia has made several steps towards enhancing its business presence in the UAE in this sector and others with the opening of a Trade Representative office at the Russian Embassy in Abu Dhabi in 2017, and the inauguration of the Russian Food... Read More
DMCC, Dubai FDI to promote UAE-China trade ties
08 Oct 2019
(WAM) -- DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, partnered with Dubai FDI to host a forum today under the theme, 'Advancing the Dubai-China Relationship Through Trade', as part of the fifth edition of the Dubai Investment Week 2019.
The week was held under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council.
Taking place at the... Read More
Dubai Land Department organises real estate developer gathering in preparation for MIPIM France 2020
06 Oct 2019
Dubai Land Department (DLD), organised a gathering of real estate developers, in collaboration with Reed MIDEM SAS, to participate in the 31st edition of MIPIM France on 10 – 13 March 2020 under the theme ‘The Future is MIPIM.’ The meetup was held under the theme ‘Dubai at MIPIM,’ and encourages real estate developers to join Dubai’s delegation at the world-renowned real estate exhibition under the umbrella of DLD to represent the Emirate and provide a bright picture of its real estate... Read More
10,000 UAE merchant terminals to accept UnionPay QR Code Payment Service
03 Oct 2019
Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has signed an agreement with UnionPay International on the acceptance of QR code-based payment services.
The agreement signed by Han Wang, General Manager of UnionPay International Middle East, and Samer Soliman, Managing Director – Middle East, Network International, in the presence of SHAO Fujun, Chairman of China UnionPay, and Simon Haslam, Group CEO of Network... Read More
Sobha Realty Posts Record Sales of AED500 million for Q1 2019
07 Apr 2019
Dubai-UAE: Sobha Realty, the leading premium real estate developer, registered a record AED500 million in sales bookings for Q1 2019.
Highlighting the strong investor interest in Sobha Realty’s residential launches, the company’s sales from January to March 2019 are 33 per cent over the target of AED375 million per quarter.
Last year, Sobha Realty announced its intention of generating up to AED1.5 billion (US$408.4 million) in turnover in 2019,... Read More
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