Deloitte offers free and interactive VAT app to GCC businesses and individuals With the progressive implementation in 2018 and the representatives of the Member States of the GCC having agreed on a formal VAT system Treaty across all six Member...
News Summary:  His Highness Sheikh Ahmed bin Saqr Al Qasimi appointed Chairman  Rest of Board comprises leading government and business individuals from the region as well as international legal, compliance and regulatory experts  Joe Moynihan, former Director of Financial...
Under-Employed, Under-Inclusive and Under Threat: the World in 2017 The Global Risks Report 2017 Summary: The Report highlights the potential of persistent, long-term trends such as inequality and deepening social and political polarization to exacerbate risks associated with, for example, the weakness...
UAE is a thriving hub for business and industry according to LinkedIn’s UAE Economic Graph LinkedIn, the world’s largest professional network, has unveiled new research providing insight into the UAE economy. The research shows that the UAE is becoming a...
Knowledge and Innovation to remain Dubai's priority - Sheikh Hamdan, Crown Prince of Dubai The emirate of Dubai has worked hard over the past several decades to develop wider, more diversified economic bedrock to power growth. As a result, the emirate...
SAP Launches Talent Search for Innovative Startups Across MENA One of the world’s largest technology companies announced a talent search for entrepreneurs across the Middle East North Africa region to support groundbreaking ideas with a long-term impact for the region...
Despite spending $11 billion on the World Cup, Brazil has not be been able increase the nation’s visibility and consolidate an image of “happiness and receptivity” to boost its tourist potential. Moreover, its image has taken beating due to...
When the Leavers claimed victory in the referendum, mainstream media as well as  social media went into a frenzy predicting doomsday for UK. Ironically the similarities are striking – where social and economic discontent capitalised by tapping the fear...
Ramadan Consumer Behaviour Study 2016 -53% of consumers in the UAE, Saudi Arabia and Egypt will spend more money during the Holy month -Price offs and discounts to attract 78% of consumers in the UAE, Egypt and Saudi Arabia to spend...
Findings from Labbrand’s recent survey also indicate an inherent paradox embodied in the nature of tertiary education today. Multiple market forces are creating pull and push tensions, which appear contradictory and difficult to manage. Catering for a diverse international,...
Our sit down with Bhupender Nath, CEO and Owner of Passion F&B, on ease of doing business in UAE amidst looming oil price slump and its impacts. What brought you to Dubai -- work or personal reasons? Business brought me to...
Whether you’re going on a first date, celebrating your wedding anniversary or proposing to the one you love, Dubai is not short of special restaurants that cater for each and every special occasion. In this article we look at three...
Latest figures released by Google shows India’s growing inclination towards e-commerce and online purchases which witnessed an  unprecedented surge in 2015. Piyush Gupta writes on what awaits the sector in 2016. Google released a list of what India searched for...
UAE-Italy bilateral trade stood at Dhs. 25.7 billion in 2014 Expo Centre CEO Attends UFI Meeting, Visits UAE Pavilion at Expo Milano The exhibitions and meetings industry has a lot to gain from the growing trade and business relations with the...
Iran at the crux of opening up for business again, huge potential for Auto One of the best things that the recent nuclear deal is spelling out for Iran is the phasing out of economic sanctions. Once the sanctions are...
Who is trying to weigh the yellow metal down? Do you know the answer? Do we have a new hero in the making, say the Yellowman? Just like Batman, works in the dark, at the most unassuming hours and does...
Fuel subsidies have been on the radar for quite some time now, finally the decision is here The International Monetary Fund must be heaving a big sigh of relief. After multiple reiterations, at least one country in the Middle East...
Economic co-operation with Australia is the key Mohammed Thani Murshid Al-Rumaithi, Chairman of the Federation of the UAE Chambers of Commerce and Industry (FCCI), and Chairman of the Board of Abu Dhabi Chamber of Commerce and Industry (ADCCI) and Ambassador...
Infrastructure drives foreign trade, soars 3% in Q1 2015 Dubai’s foreign trade soared 3% in Q1 2015, hitting AED 331 billion compared to AED 323 billion in the same period of 2014. The growth is attributed to the emirate’s heavy investment...
Dubai's ambition of becoming world's capital of Islamic economy on track, Sukuks (Islamic Bonds) listed on Dubai's exchanges rose to AED135 billion in 2015 Vice President and Prime Minister and Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, Wednesday...
Op-Ed by Steen Jakobsen, Chief Economist of Saxo Bank This is now officially a Greek tragedy. In many ways, it is relatively easy to understand why the result was a No from Greece. There is little to lose, as a Yes...
Latest Emirates NBD data shows that the UAE PMI has fallen to a near two year low, signaling sluggish economic growth UAE non-oil private sector economy dropped to a 22-month low of 54.7 in June, down from 56.4 in May Non-oil private...
Moody's says that European banks are better positioned to manage a Greek exit, though periphery banks remain vulnerable to risks During the course of 2015, the risk of Greece (Caa2, negative) leaving the European Economic and Monetary Union -- so-called...
DP World lists 500 million US dollar conventional bond listed on Nasdaq Dubai today. The total nominal value of conventional bonds on Dubai’s exchanges has now reached 11.82 billion US dollars. His Excellency Sultan Ahmed Bin Sulayem, Chairman of DP World,...
"Dubai has continued to focus on its core strength -services. From retail and real estate to maritime transport, tourism and financial services, the emirate's economy and key services sectors are in full flight." ~ Oxford Business Group says in...
Qatar to post strong growth in 2015 backed by expansion of the non-hydrocarbon economy and the Barzan gas project. GDP might taper in 2016 and 2017. Qatar's economy is expected to register a real growth of 7.3 percent in 2015,...
Industrial and Commercial Bank of China (ICBC) rings market bell to celebrate listing of a 500 million dollar bond on Nasdaq Dubai • Listing by world’s largest bank underlines Dubai’s successful growth as a global financial centre • Bond supports expansion...
Emirates Airline lists 913 million US dollar Sukuk on Nasdaq Dubai • Listing underlines Dubai’s growth as global Capital of Islamic Economy • Nasdaq Dubai supports global visibility of airline’s Islamic capital-raising activities Sheikh Ahmed Bin Saeed Al Maktoum, Chairman and Chief...
Moody's Investor Service says that the world economies are recovering, but with wide disparities in the rates of recovery Economic growth rates for countries across the globe will generally continue to be lower than they were before the economic crisis, says...
An exclusive new report published by Jones Lang LaSalle for The Hotel Show Dubai reveals today that Dubai is set to see a massive increase of 28,000 new hotel rooms by 2018. Already one of the world’s top holiday destinations,...
BNY Mellon assesses the impact of Japan, America, China and India fulfilling their economic potential simultaneously Optimistic scenario would add over $10 trillion to the four economies' combined GDP by 2020 In a new white paper, BNY Mellon, a global leader...
With region's one of the biggest economy, Saudi Arabia, all set to open up its Stock Market to foreigners, Frost & Sullivan's Vinod Cartic provides his expert insights on the implications. The Kingdom of Saudi Arabia (KSA) will open its...
Financing still a top challenge for UAE SMEs in 2015   - Expatriates-owned startups accounts for 95% of UAE SME sector - Majority of UAE SMEs cites financing as one of the biggest challenges Despite government efforts to support SMEs in the UAE, financing is...
  The Middle East has had a slow start to 2015, with nine Q1 deals in the region worth US$1.8bn, a 71.8% decrease in deal value on Q4 of last year and the lowest deal count since Q4 2011. The...
Kuwait has discovered four new oilfields in the north and west of the country, a top oil official was quoted as saying by state news agency KUNA on Sunday. In a statement to Kuwait News Agency (KUNA), Hashem Hashem, the...
Dubai World Trade Centre (DWTC) unveils 15,500 square metres expansion -DWTC expansion aimed at bolstering business tourism growth -DWTC is the region's dominant MICE player, and the expansion plans to meet next 5 years growth Dubai World Trade Centre (DWTC), the region’s...
Moody's upgrades Egypt to a stable outlook Credit ratings agency, Moody's has upgraded Egypt's credit rating from Caa1 to B3. Moody's has awarded a stable outlook to Egypt. Under the leadership of President El-Sisi, Egypt has been seeing signs of recovery.  It...
Forget 80:20 rule. The new one is 99:1. Latest Oxfam report says that by 2016 the global richest 1% will have more wealth than the 99% of people. Global wealth is increasingly being concentrated in the hands of a small...
Euro/Swiss Franc currency war triggers flight to safety and turmoil to last for weeks The currency war that broke out yesterday has “triggered a flight to safety” and the current market volatility “will last for weeks”, affirms the head of...
GDP rose from 314.81 billion dirhams to 1.54 trillion dirhams in the last 10 years A new report by "HotelandRest” stated that the United Arab Emirates, over the past ten years under the leadership of His Highness Sheikh Khalifa bin Zayed...