UAE will contribute $4.6 billion to regional e-commerce industry. Dubai Commercity, the first of its kind project in the region to cater to e-commerce industry, is scheduled to open by the end of 2020, said a senior official. The Dh3.2 billion project, a joint venture between Dubai Airport Freezone Authority (Dafza) and property developer Wasl, […]
The relief package offers both existing and prospective Kizad Freezone customers savings of up to 25 per cent on new registrations and renewals. Khalifa Industrial Zone Abu Dhabi(Kizad), a subsidiary of Abu Dhabi Ports, has announced new packages with up to 36 per cent savings as relief for Freezone businesses, and support SMEs challenged by […]
US crude crashed to below $15 a barrel on Monday, its lowest level for over two decades, as concerns about a virus-triggered demand shock and lack of storage eclipsed an output cut deal. West Texas Intermediate (WTI), the US benchmark, fell more than 19 percent to $14.73 a barrel in early Asian trade, before markets […]
Dubai: The UAE and other GCC stock markets are in partial recovery on Monday from what was the biggest selloff this year, mirroring a similar shift in sentiment seen in global markets. After steep declines on Sunday, Dubai Financial Market (DFM) index regained 2.54 per cent (64 points) at 2,536.66, while Abu Dhabi Securities Exchange […]
Damac drives real estate benchmark higher, but gains pared after Emirates NBD declined Dubai: The main index on the Dubai bourse was largely unchanged on Sunday as gains from contractor Arabtec were offset by declines at top lender Emirates NBD. The DFM index closed at 2,693 points, while Abu Dhabi’s ADX ended unchanged at 5,043 […]
It’s all experiences now – a shopper gets a feel of Breathe salt rooms at The Wellery on the second floor of the Saks Fifth Avenue flagship store in New York. Image Credit: New York Times Dubai: Brands can’t just get by selling a product or service – they need to package a true experience […]
The unexpected drop in China’s exports in November shows one reason why the nation wants to agree on a phase one trade deal — US tariffs are hurting China’s exports at a time when global demand is already weak. Total exports in November dropped 1.1 per cent from a year ago, and to the US […]
Saudi Arabia’s main equity index advanced the most in the Middle East after the pricing of Saudi Aramco’s initial public offering and amid hopes of higher oil prices. The Tadawul All Share Index rose as much as 1.8% within the first hour of trading on Sunday. The kingdom raised $25.6 billion from the world’s biggest […]
RIYADH: A UAE delegation led by Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance has participated in the G20 Finance Ministers’ and Central Bank Governors’ meeting on December 6-7 in Riyadh, Saudi Arabia. This is the second meeting held in Riyadh after the G20 ‘Sherpa’ meeting, part of the 124 G20 meetings to […]
The Marshall Islands has also been removed from that list. European Union finance ministers agreed to remove the UAE, Switzerland and Mauritius from the bloc’s lists of countries deemed to be acting as tax havens. As part of the regular review of the lists, the ministers decided to drop the UAE from the EU blacklist […]
Dubai Commercity to open by year-end
UAE will contribute $4.6 billion to regional e-commerce industry. Dubai Commercity, the first of its...
UAE startups unearth ‘greatest’ innovations amid pandemic
Government has central role to play hand-in-hand with entrepreneurs in directing new economic landsc...