Economy

The United States and the UAE have had an exceptionally close economic relationship for many years, said Shakir Y. Farsakh, Principal Commercial Officer at the US Consulate General Dubai. In an interview with Emirates News Agency, WAM, the US Commercial Attaché added, “Investment naturally follows trade and the United States …

Dubai FDI, the investment development agency of Dubai Economy, is organising one of the largest economic delegations from Dubai in recent years for an official mission to Australia as part of its continuing efforts to strengthen existing economic cooperation and attract investments into the emirate. The mission, which will take …

If you’re in Abu Dhabi or Al Ain, you can enjoy the massive sale in store for shoppers this weekend as more than 1,500 outlets at 15 malls in Abu Dhabi offer a 24-hour Eid sale. The sale, which is organised by the Department of Culture and Tourism Abu Dhabi …

Sultan bin Saeed Al Mansouri, Minister of Economy, said that preliminary estimates issued by the Federal Competitiveness and Statistics Authority, FCSA, indicate growth in the economic performance of the UAE in general; which came as a result of growth in oil resources and rise in international oil prices and growth …

Dubai World Trade Centre (DWTC) events accounted for a record AED 12.7 billion in retained value towards Dubai’s economy, equivalent to 3.3 percent of the emirate’s GDP in 2017, according to the latest Economic Impact Assessment report released by DWTC. The study estimates the total economic output of DWTC’s large-scale …

The combined profits of 13 listed property companies in the UAE surged to AED4.35 billion during Q1, a growth of 29.4 percent from AED3.36 billion in Q1 2017. The marked profit growth beats the expectations of industry analysts well versed with the realty sector, which, according to official figures, leads …

As part of its contribution to the Dubai 10X initiative, Dubai Land Department (DLD) has announced the introduction of the Real Estate Self Transaction “REST”, a platform for conducting real estate trading and transactions with multiple parties anywhere and anytime. The new platform enables the complete digital management of real …

The ninth meeting of the Dubai Free Zones (DFZ) Council, led by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DFZC, discussed initiatives to promote foreign direct investment (FDI) flows to the emirate’s free zones. Key items on the agenda included easing the business set-up and reducing fees …

The Dubai Free Zones, DFZ Council discussed in its 9th meeting today initiatives to promote foreign direct investment, FDI, flows to the emirate’s free zones. Key items on the agenda included easing the business set-up and reducing fees in the free zones, the new e-commerce regulations, the assessment of the …

The Ras al-Khaimah Economic Development Department has launched a range of recent incentives that include the “Virtual Merchant Licence Initiative,” in light of the international move towards e-commerce and the directives of the Ras al-Khaimah Government to adopt e-commerce in the local business sector, by taking advantage of websites, social …