RAKEZ is currently home to British giants such as global tea producer Ahmad Tea, the world’s leading laptop remanufacturer A2C, aircraft cabin simulator manufacturer Spatial Composite
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Revealed: Kerala announces incentive plan, targets UAE, Riyadh firms with low-cost back-end IT infrastructure
The strategy of the Kerala government aligns with the efforts of the UAE and Saudi governments to position Dubai, Abu Dhabi, and Riyadh as global business hubs with significant investment plans
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When your biggest weakness is your greatest strength in business
Leaders need to remember that they are always learning
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Sharjah’s economic development department, city municipality to set up ‘single window’ mechanism for project clearance
A MoU on this was signed by the two on Monday
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UAE’s real GDP to grow by 5.9 percent in 2022: World Bank
The bank, however, expected the country’s real GDP to moderate to 4.1 percent in 2023 as slower global demand may dampen growth due to tightening financial conditions
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Saudi economy grew 12.2 percent in second quarter, highest since 2011
Higher crude prices and a continuous post-pandemic recovery pushed the figures up
Abu Dhabi
Tajer Abu Dhabi adds 126 new licences to support small and medium businesses
These trade licences allow the holders to work without the need for a physical location or having to pay rent on commercial space for three years
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Dubai records 25 percent rise in new business licences issued in first half of 2022
Bur Dubai had the largest share of issued licences with 31,604, followed by Deira at 14,022 licences
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Dubai commercial real estate sales value jumps 89 percent in first half of 2022: Report
The huge increase in demand comes as Dubai’s property market experiences a post-pandemic surge driven by government-led reforms and initiatives
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Dubai reveals priorities as it positions itself as a global business hub
How Dubai aims to double the economy over the next few years, establish itself as a global business hub and rank number one in quality of life
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Dubai’s non-oil economy jumps to three-year high in June led by growth in travel, construction sectors
The survey found businesses “were increasingly confident of a rise in output over the coming year,” with confidence rising to the highest since last October
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A well-developed legal framework is key to boosting economic development
The UAE’s commitment to providing a highly competitive business environment is essential to its long-term vision of economic diversification
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Business conditions in Dubai rise to near three-year high
There has been a strong rebound in the travel and tourism sector which helped push up business activity in May
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Dubai’s focus to take FDI ‘to new heights’ will spur profits, productivity, and create new jobs: experts
For each dollar of FDI, the local economy generates another one and exports two more. This means that every added flow of FDI investment has a ripple effect in augmenting value for the local economy, experts told Arabian Business
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Saudi business confidence dips amid inflation fears despite fastest economic expansion in a decade
Business confidence in future activity levels was down to a three-month low and one of the lowest ever recorded, indicating a marked degree of uncertainty over whether the current rate of output growth can be sustained, an economist at S&P Global said
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Dubai Chamber grows 64 percent in Q1 2022 with 10,000 new companies
The organisation now counts a membership of close to 300,000 businesses