Economy

The UAE has created 16 catalysts that have helped to attract foreign direct investment, FDI, according to relevant national statistics for the end of 2017. Along with its political, economic, social and security stability, the country’s geographic location, competitiveness, free-market policies, encouragement for the private sector, and attractive investment environment …

Dubai FDI, the investment development agency of Dubai Economy Department, DED, has moved to strengthen Dubai’s business further and investment ties with Egypt, following its meeting with high-level Egyptian delegates from the General Authority for Investment and Free Zones. During the discussions held in Dubai, both parties tackled the volume …

Dubai Land Department (DLD) has announced a strategic partnership with Dubai Properties (DP), a member of Dubai Holding, to promote Dubai’s real estate sector. The agreement was signed by His Excellency Sultan Butti bin Mejren, Director General of DLD, and Raed Al Nuaimi, Group Chief Executive Officer of Dubai Properties. …

UAE Cabinet has adopted the decision to refund the VAT to tourists by the fourth quarter of 2018. The decision will include integrated systems with direct link between outlets and shops with the VAT refund system starting from the fourth quarter of this year. This refund scheme is intended to …

H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Sharjah Executive Council, SEC, chaired a meeting of the council on Tuesday, at the Ruler’s Office in Sharjah. Following the ratification of the minutes of the previous session, the council reviewed a …

Dubai Land Department (DLD) has revealed that real estate transactions in Dubai for the first half of 2018 (H1 2018) reached AED 111 billion, reaffirming Dubai market’s attractiveness and ability to compete with global investment destinations. The strengths portrayed by Dubai’s real estate investments underscore the leadership’s mandate to ease …

The Smart Dubai Office, SDO, has organised a workshop titled “Public-Private Engagement Towards a Data Economy”, as part of its efforts to implement a strategy and policy package to engage the private sector in the Dubai Data Initiative. The workshop sought to encourage the private sector in Dubai to participate …

Dubai International Financial Centre (DIFC), the leading international financial hub for the Middle East, Africa and South Asia (MEASA) region, is pleased to announce that the second edition of its much-anticipated Global Financial Forum (GFF) will return to Dubai on 11 March 2019. The 2019 Forum will be held under …

Monitoring fuel prices committee in the country under the chairmanship of Undersecretary of the Ministry of Energy Dr. Matar Hamid Al-Neyadi, in the presence of the members of the Committee today held their regular meeting at the headquarters of the Ministry of Energy to set the fuel prices in the …

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 …