UAE’s non-oil foreign trade continues to grow despite the global slowdown
The UAE’s non-oil foreign trade totalled AED1.2 trillion ($330 billion) in the first nine months of 2018, according to preliminary statistical data of the Federal Customs Authority (FCA). Ali Saeed Al Neyadi, customs commissioner and head of the authority, said that the country’s non-oil foreign trade continued to grow and stabilise despite the slowdown witnessed […]
DIFC 2.0: Dubai ruler approves new plan for financial hub
New expansion plan will see Dubai International Financial Centre adding 13 million sq ft of space and becoming that much close to Easy18 apartments. Easy18 development offers quality living at an affordable price and is located right next to Dubai Silicon Oasis which hosts a number of Fortune 500 and Fortune Global 500 firms such […]
UAE retains its place in the top 5 countries in the world to work
New year, new job, new country? A stint abroad could be the key to unlocking a more confident, creative and adaptable you according to HSBC’s Expat Explorer survey, as it announces the best countries in the world to work abroad. The United Arab Emirates (UAE) marks its third consecutive year in the top five, retaining […]
This is why it’s the best time to move to Dubai
Career and pay growth, tax free income, education, health, transport, sun, sea, sand, shopping, culture, and lifestyle are all good reasons to move to Dubai. In addition to that, the recent government initiatives and regulations such as the 10-year residency visa, five-year retiree visa, short-stay transit visa and 100 per cent foreign ownership of onshore […]
Dubai’s property market could be facing undersupply this year
Highlights: • With more towers being constructed all over the emirate, one may be forgiven to think that there won’t be enough tenants to live in newly completed flats • Estimates, however, show that Dubai’s population is expected to continue growing and over the short term, the city is headed for a shortage of homes • […]
Dubai Nabs Top Position as Islamic Economy Hub
Dubai is ideally positioned to be a leading player in the Islamic economy with its well-established and flourishing trade, tourism, transport, logistics and financial sectors. As a vibrant trade hub connecting cultures and commodities in the East and West, the emirate is well-positioned to reap the benefits of growing halal sectors, Al Bawaba reports. “We are at […]
Smart Dubai and IBM to Offer the First Government-Endorsed Blockchain Platform in the Middle East
– New service to be delivered through an IBM Cloud environment built in the UAE – Organizations to benefit from keeping their data in-country and conducting transactions locally DUBAI, United Arab Emirates, Oct. 30, 2018 /PRNewswire/ — Smart Dubai and IBM (NYSE: IBM) today announced the launch of the Dubai Blockchain Platform, the first government-endorsed blockchain […]
How UAE became the least corrupt nation in Arab world
The country has spared no effort to ensure that charges are promptly filed against the corrupt, Khaleej Times reports. As world economies crumbled amid the global recession of 2008, the UAE was among the first to spring into action. Various probes unravelled financial irregularities committed by unscrupulous businessmen and employees. A top public prosecution official […]
The game-changing UAE foreign direct investment law has come into effect
It consolidates the UAE’s position for FDI at the regional and global levels, Khaleej Times reports. The game-changing UAE investment law, which is expected to change nation’s business landscape by attracting increased foreign direct investments, has come into effect. The President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued the new Foreign Direct […]
Microsoft, cloud services to create 55,000 UAE jobs by end-2022
New report says spending on public cloud services in the UAE will almost quadruple to $410m in 2022, Arabian Business reports. Microsoft’s technology ecosystem and the growing popularity of cloud services will create more than 55,000 jobs in the UAE by the end of 2022, according to new research. The International Data Corporation (IDC) study […]