Economy

Dubai Roads and Transport Authority (RTA) has carried out a comprehensive study on the Economic Impact of the Dubai Metro Project, including both its Red and Green Lines, in collaboration with Henley Business School, University of Reading, one of the longest-established universities in the UK. The study analysed the direct …

Abdulla Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry, SCCI, held discussions with a delegation from India’s Federation of Karnataka Chambers of Commerce and Industry, FKCCI, headed by Sudhakar S. Shetty, President of FKCCI, where they reviewed ways to enhance economic and trade relations between Sharjah …

The UAE stock exchanges gained AED7.5 billion in market cap Tuesday following reports purporting initial negotiations on potential mergers between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank. The shares of the ADX-listed ADCB and Union National Bank therefore closed high at AED8.00 and AED4.34 respectively, following …

Abu Dhabi Global Market (ADGM) announced the launch of the new commercial license for ADGM tech start-ups for entrepreneurs. The start-up license is sector-agnostic and enables entrepreneurs to obtain an ADGM operational license, taking advantage of the same globally recognised international operating standards that current ADGM funds, multinationals, SMEs, advisers …

The AED 50 billion economic stimulus package approved recently by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Chairman of Abu Dhabi Executive Council, to accelerate the economic growth over the next three years for Abu …

The transformation to a green economy needs fundamental cooperation of both the private and public-sector leaderships, and this responsibility will be highlighted at the annual World Green Economy Summit (WGES 2018). WGES will encourage political and corporate leaders to exchange views on how to best use their authority to engage …

Dr. Hashim Al Nuaimi, Director of the Consumer Protection Department at the Ministry of Economy, stated that the department has received many complaints of fake and counterfeit goods being sold online on social media applications since the beginning of this year. Al Nuaimi added that consumer protection continues along with the …

The keenness to invest in another country and its projects highlights the confidence investors have in that country’s economy and its future prospects, the Khaleej Times said. “Dubai and the UAE on the whole have been the frontrunners in this space, attracting more than a fifth of foreign direct investments …

Dubai Business Events (DBE), the city’s official convention bureau, has reported strong results for the first half of 2018, with 125 successful bids to host business events, reflecting a 29 per cent increase from the same period last year. Conferences, meetings and incentive programmes secured in the first six months …

Dubai SME, the agency of the Department of Economic Development, DED, in Dubai mandated to develop the small and medium enterprise, SME, sector, marked the opening of ‘The Co-working Popup,’ the latest business incubator to come on stream in the emirate following the introduction of the new regulations for ‘Incubators …