DUBAI: Dubai International Airport, the world’s busiest for international travel, is getting busier. But it’s a long way from what it once was amid the coronavirus pandemic as it prepares for a possible “extended, slow recovery,” its CEO told The Associated Press. After long-haul carrier Emirates drastically cut its flights in March and slowly resumed […]
Traders on the floor of the New York Stock Exchange. Markets across the world has turned highly volatile as the US election turned an agonisingly close race with no clear winner yet in sight. Image Credit: AP New York: US stock futures jumped late on Tuesday as President Donald Trump appeared to be doing better […]
The operator of Dubai Investment Park saw rental income hold fairly steady despite a tough operating environment. Image Credit: Gulf News Archive Dubai: Dubai Investments recorded a solid Dh204.88 million in profit for the third quarter, which ensured the nine-month 2020 profit did not slip much behind last year’s total. In the first nine months […]
The Cental Bank of UAE has issed a new regulation on Stored Value Facilities (SVF) to support the development of digital payment services in the UAE. Image Credit: Gulf News Archives Dubai: The Cental Bank of UAE has issed a new regulation on Stored Value Facilities (SVF) to support the development of digital payment services […]
Israel’s peace deals with the UAE and Bahrain are “going to be big” for business and trade in the region, one of the most influential businessmen in the Middle East has told the BBC. Sultan Ahmed bin Sulayem, the chairman and CEO of Dubai-based DP World, says they will remove barriers to business links previously […]
There are estimated to be 25 active projects within Dubai, with delivery dates up to 2024. Prime office rents in Dubai fell by an average 6.5 per cent the first nine months of 2020, according to the latest market update by Knight Frank Middle East. Over the first three quarters, Dubai’s office market recorded average […]
The UAE-Israel peace accord will present great opportunities for both sides by opening up new doors, said Khalaf Ahmad Al Habtoor, founding chairman of Al Habtoor Group (AHG). Al Habtoor, announcing his group’s plan to open a representative office in Israel, said AHG is preparing to reveal a few collaborations with Israeli companies in the […]
The Dubai Multi Commodities Centre (DMCC) announced an extension to its Business Support Package until October 20. The programme, aimed at helping DMCC-based companies to better navigate the turmoil unleashed by Covid-19 epidemic, comprises a wide range of discounts and waivers to support the DMCC’s registered companies, the commodities trading hub said in a statement. […]
Government has central role to play hand-in-hand with entrepreneurs in directing new economic landscape The coronavirus pandemic has adversely impacted businesses of many SMEs and startups, but it has seen some great innovations to counter the crisis, a top official from startAD said in Abu Dhabi. StartAD is an Abu Dhabi-based global accelerator steering seed-stage […]
The Dubai Chamber of Commerce and Industry has announced that it is cooperating with the Dubai Airport Freezone Authority (Dafza) to connect the two organisations’ digital services in a move that will further improve Dubai’s ease of doing business. Under the terms of the new partnership, companies can register as Dubai Chamber members, or renew […]
UAE startups unearth ‘greatest’ innovations amid pandemic
Government has central role to play hand-in-hand with entrepreneurs in directing new economic landsc...
Dubai’s June 2020 property transaction numbers back at February levels
Will they be moving out? Landlords across UAE and Gulf cities will have only one thought on their mi...