business

  • "BDC" announces the opening of its Representative Office in the UAE

    Banque du Caire has launched its new representative office in the UAE as a focal point through which BDC aims to strengthen its overseas presence in line with an ambitious strategy from the Board of Directors to achieve regional expansion and boost foreign trade.

  • “1422” A 40 MILLION DIRHAMS READY COUTURE STORE TO LAUNCH IN DUBAI THIS APRIL

    Dubai is set to celebrate the launch of the world’s first Ready Couture store, at City Walk this April. “1422” is a new building dedicated for luxury shopping, custom made fashion and lifestyle experience; and a venue that will become a designer’s acceleration hub - announced today by the Arab Fashion Council (AFC) in partnership with Meraas, a diversified Dubai-based company, and umdasch The Store Makers, a leading multinational Retail Interiors enterprise with their headquarters and roots in Austria.

  • “ALMALL” the Region’s Newest Online Shopping Destination

    Following Crown Prince Mohamed Bin Salman’s ascension to his role last year, Saudi Arabia has been working towards realizing a complete transformation of its economy and society based on key objectives set under its Vision 2030, a national strategy to modernize its economy and diversify the country’s economy, moving it away from oil dependency.

  • “Back to normal; really?”

    Global inflation is about to spike due to higher worldwide commodity prices, competitive devaluations (imported inflation) and, to a lesser extent, increasing property prices.

  • “Brexit increases uncertainty but unlikely to have significant long term impact on Dubai real estate market’

    JLL, the world's leading real estate investment and advisory firm, today has released its Q2 2016 Dubai Real Estate Q2 Overview report that evaluates the impact of Britain’s exit from the European Union on the Dubai Real Estate Market across office, residential, retail and hotel sectors. Dubai caters to the most open real estate market within the region and as a result is more susceptible to external factors. As Brexit brings slight uncertainty into the market, it was noted that in Q2 2016 rent values continue to face a downward slope in the office and residential sectors.

  • “Dubai CommerCity” first regionale-commerce free zone

    H.H. Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority (DAFZA), witnessed the launch of ‘Dubai CommerCity,’ an AED 2.7-billion, 2.1-million square feetjoint venture between DAFZA and wasl Asset Management Group, in the Umm Ramool area. Dubai CommerCity, the first free zone dedicated to e-commerce in the MENA region, is strategically intended to promote Dubai’s position as a leading platform for international e-commerce and to support economic diversification and smart transformation strategies.

  • “Dubai Culture” Organises Training to Ensure Business Continuity

    Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts, heritage and literature, organised a training programme for the risk management team according to the ISO certificate (22301:2012) standards, the team was awarded certificates by Saeed Al Nabouda, Acting Director General at Dubai Culture.

  • “Fares” Acquires 50 Percent of “Tawseel” Delivery Services Shares

    Fifty percent shares of Tawseel Delivery Services, a Sharjah-based food delivery service provider, have been acquired by the UAE-based Fares Foundation for General Trading, which specialises in logistics and distribution through land, air and sea. 

  • “Growth through quality continues to be the engine of our business” confirms new CEO of DHL Express

    The new CEO of DHL Express, John Pearson, is expecting continued positive developments for the global express market and the company, thanks to booming cross-border e-commerce, digitalization and its excellent positioning in all industry verticals. Member of the Board effective January 1, 2019, Pearson was instrumental for DHL Express’ decade long success story and expects growth figures to continue in 2019 and beyond for the Express division of the Group. Pearson took over from Ken Allen who became CEO of the newly established DHL eCommerce Solutions division.

  • “Land Department” Granted“Binghatti Developers” The Real Estate Tycoon Award

    Dubai-based Binghatti Developers has taken the spotlight at the 3rd annual Dubai Property Show in Mumbai,theDubai Land Department sponsored property exhibition taking place at the BandraKurla Complex in Mumbai from November 3 to 5.

  • “Misr Um El Donia” Account launched in UAE

    Mashreq Bank - the UAE’s leading financial institution announces the latest addition to the banks’ roster of successful offerings - “Misr Um El Donia”.     “Misr Um El Donia” is a bouquet of benefits and services that enables Egyptian customers living in the UAE to save and transfer money to friends and family back home with convenience.

  • “Retail Leaders Circle MENA: Key Industry Summit brings Region's Retail Leaders Together to Unlock the Future of the Industry"

    As the retail industry in the MENA region undergoes seismic shifts driven by a post-oil economy, changing consumer behaviour and the digital realm becoming the new norm, this year’s Retail Leaders Circle MENA  takes on critical significance for all sectors of the industry.

  • “Shurooq” Welcomes Visitors to Kingfisher Lodge and Fossil Rock Lodge in the Second Half of 2018

    The Sharjah Investment and Development Authority (Shurooq) has announced that two of its eco-luxury developments – the Kingfisher Lodge, part of the ‘Kalba Eco-tourism’ project, and the Fossil Rock Lodge, part of the second phase of the ‘Mleiha Archaeological and Eco-tourism’ project – are both nearing completion.

  • “The Real VAT Journey Starts Now As Companies Prepare To File the First Return” States ACCA and Thomson Reuters

    Business leaders from the UAE gathered together at an ACCA event in collaboration with Thomson Reuters which took place in Abu Dhabi and Dubai to discuss the first 100 days of VAT in the UAE and how organisations can navigate adoption challenges.

  • “Wahed Invest” valued at $100million, raises an additional $8m funding

    Wahed Invest (“Wahed”), a New York headquartered investing platform, is, the first fin-tech Islamic Economy startup, with a valuation of $100m has raised an additional $8m in Q2 this year from existing investors to accelerate development of a global savings solution and international expansion. The digital investment company received this funding from existing investors, Boston based Cue Ball Capital, and BECO Capital, a Middle Eastern VC known for backing the GCC’s leading startups. This brings its total funding to over $15 million since inception.

  • (OCEC) celebrates unprecedented success from its collaborative approach with suppliers and clients

    The Oman Convention & Exhibition Centre (OCEC) has successfully hosted 55 regional and international events, since its doors first opened six months ago in October 2016. Representing a catalyst for change the iconic venue has made significant strides towards developing the Business Events sector in Oman as it continues to attract local, regional and international events.

  • $629BN WORTH OF UAE CONSTRUCTION PROJECTS PUSH FM MARKET TO RECORD HIGH

    The market size of the UAE facilities management industry will hit an all-time high of $12.49bn in 2017, according to FM EXPO 2017’s research partner TechSci Research.

  • 1 in 2 UAE Professionals are Seeking Employment in a New Industry in the Next Few Months, Bayt.com Survey Finds

    The most recent “Top Industries in the Middle East and North Africa” survey was just released by Bayt.com, the number one job site in the Middle East, and YouGov, a pioneer in online market research, revealing that one in every two (50%) UAE professionals are considering an industry change in the next few months. This is in spite of the fact that only one in four (24%) respondents report having changed industries during the last two years.

  • 1 Million Tons of Carbon Dioxide to be abated by 2030: New target set by Etihad ESCO

    More than 1 million Tons of Carbon Dioxide will be abated by 2030 and 1.7 TWh of electricity will be saved by the same year in Dubai - according to the new targets revealed by Dubai’s Etihad Energy Services Company, Etihad ESCO, at the 4th annual RetrofitTech Dubai Summit & Awards which began today.

  • 1.5 Million Job Seekers Contacted on Bayt.com Last Year

    Bayt.com, the MENA region’s leading job site, reported that the number of CV searches undertaken by employers approached the three-million mark in 2018 alone. This high job talent hunting activity goes hand-in-hand with the number of CVs that were contacted: Bayt.com closed the year with more than 1.5 million job seeker contacts revealed through it’s CV search technology.