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Participants include more than 80 federal entities & national companies, with 26 speakers
Abu Dhabi 22 April 2024: The Ministry of Economy (MoEc) announced that it will launch the ‘National Forum for Small and Medium Enterprises - Government Procurement’ on Tuesday, April 23, 2023, at 9.00 a.m., in the Godolphin ballroom of the Jumeirah Emirates Towers hotel in Dubai. The objective of the Forum is to enable Emirati entrepreneurs to maximize the competitive advantage they have in obtaining tenders and contracts offered by federal entities and national companies participating in the Forum.
The upcoming Forum will feature over 80 federal entities, national companies, and numerous SMEs owners will also be in attendance. The Forum will feature 30 participating entities that will offer digital platforms showcasing ......read more
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ESG marked a significant milestone this year, recording a net profit surge to AED 687 million.
Strategic portfolio expansion and key acquisitions led to an impressive 168% and 202% growth in the company’s assets and equity, respectively.
Abu Dhabi, UAE, 10 February 2024: Emirates Stallions Group (ADX: ESG), the leading provider of Manpower Supply, Workers & Staff Accommodation solutions, as well as Landscaping & Agriculture, Real Estate Development, Engineering Project Management and associated services to Construction, Development and Hospitality, and a subsidiary of International Holding Company (ADX: IHC), today announced a remarkable year-on-year net profit increase of 316%, reaching AED 687 million for the fiscal year ended December 31, 2023. This significant financial achievement underscores the ......read more
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Saleh Al-Suwaidi: The forum is a significant addition to the real estate sector and strengthens relations between the two countries.
The forum received support from various government and private entities, with prominent participation from Nakheel.
Dubai, UAE, 07 February, 2024: The first UAE Property Forum concluded at the Tivoli Mofarrej hotel in Sao Paulo, Brazil. The event was hosted by the United Arab Emirates Embassy in Brazil and the United Arab Emirates Consulate General in Brazil over two days. It featured the participation of leading real estate developers from the UAE with the aim of enhancing growth and collaboration in the real estate sector and strengthening relations between the two countries.
The forum was organized with support from the International Property Show (IPS), the leading platform for showcasing ......read more
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 Abu Dhabi, UAE, 25 November 2023: The Formula 1 2023 season was a milestone year for the sport as new records were created and records were broken, as drivers crossed the penultimate chequered flag at Las Vegas before gearing up for this weekend’s FORMULA 1 ETIHAD AIRWAYS ABU DHABI GRAND PRIX.
From groundbreaking races to drivers rewriting the sport's 75-year history, here are some key highlights from what has been a promising and historic season.
Max Verstappen’s Domination:
It’s no secret that Max Verstappen has had another great season as he makes his way down to Abu Dhabi to be officially crowned as the 2023 champion, bringing with him his mountain of accolades. Not only does the 26-year-old driver have the most consecutive race wins in a season but has also clinched the title for the most ......read more
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 Dubai – October 11, 2023: GHAYA, a UAE "purpose to impact" strategy consultancy, is proud to unveil the inaugural "WORLD WITH PURPOSE" summit titled “THE RISE OF A GLOBAL IMPACT ECONOMY”. Under the patronage of the UAE Ministry of Economy and in partnership with MAJRA, National CSR Fund, the summit is scheduled to take place on November 7th and 8th, 2023 at the landmark JA The Resort, awarded 'Dubai Most Sustainable five-star Resort’.
WORLD WITH PURPOSE 2023 (WWP23), was born out of the dedication of enthusiastic executives who had a strong desire to make a significant impact in the Middle East and Africa. This project aims to initiate a crucial conversation in the region about the importance of businesses going beyond mere profit generation and focusing on creating lasting value ......read more
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 Latifa bint Mohammed: "The youth are the spark that ignites the flame of creativity and are the drivers behind positive change."
Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture) and Member of the Dubai Council, stressed that the youth symbolise a nation's true wealth, propelling societies forward and acting as catalysts for positive transformation. As International Youth Day celebrates the upcoming leaders endowed with grand aspirations, creativity, and boundless potential, Her Highness noted their pivotal role in shaping a brighter future.
She said: “Our youth are our most valuable asset and the up-and-coming heroes behind our nation's success stories. They ignite the fires of creativity and innovation, and their unique visions, ......read more
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 Dubai, United Arab Emirates, 2 May 2023: Big data is having a transformative effect on hospitality across the Middle East and beyond. However, leading hoteliers speaking on the opening day of Arabian Travel Market (ATM) 2023, which will run at Dubai World Trade Centre (DWTC) until Thursday 4 May, emphasised that human intervention remains essential if owners and operators wish to derive genuine value from the information being gathered.
‘Hospitality Debate: What More Can Big Data Unlock?’ featured a range of expert insights into the power of data to improve guest experiences within the Middle East’s hospitality sector. Moderated by Paul Clifford, Group Editor – Hospitality & Design at ITP Media Group, the session saw Chris Hartley, CEO of Global Hotel Alliance; Tommy Lai, Chief Executive Officer at General ......read more
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Deyaar’s Board of Directors recommended approving the AED 500 million cash settlement offer provided by Limitless and hold a General Assembly Meeting to present the settlement to the company's shareholders
Dubai-UAE: 20 October 2022 – Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers and real estate service providers, today announced its reviewed interim unaudited financial results for the first nine months of 2022, ending 30 September 2022.
The company reported net profit of AED 36.3 million for the third quarter of the year compared to AED 8.1 million in the same quarter last year. The company also recorded revenues of AED 207.7 million for the third quarter compared to AED 120.7 million for the same period in 2021.
For the first nine months of ......read more
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 300 enumerators to collect data in person; listing phase concludes on November 20
● Field personnel to collect data on all buildings, facilities, housing, and families
● Data collected to remain confidential, according to existing laws
● Unique ID tags, special vests with logos of DSCD and Sharjah Census 2022 for enumerators
Sharjah, 19 October 2022: The Department of Statistics and Community Development (DSCD) in Sharjah has announced phase one of the Sharjah Census 2022. As part of the listing phase that commences on October 20, 2022, 300 trained field personnel will visit all buildings, facilities, and housing to collect initial data in person from families and individuals.
Residents
DSCD enumerators will be actively involved in the comprehensive listing phase, which ......read more
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Dubai: The real estate and properties transactions valued at AED 7.3 billion in total during the week ending 14 October 2022. The sum of transactions was 2,338.
106 plots were sold for AED 1.76 billion, 1,791 apartments and villas were sold for AED 3.81 billion.
The top three transactions were a land in Palm Jumeirah sold for AED 600 million, followed by a land that was sold for AED 206.52 million in Palm Jumeirah, and a land sold for AED 600 million in Palm Jumeirah in third place.
Hadaeq Sheikh Mohammed Bin Rashid recorded the most transactions for this week by 22 sales transactions worth AED 475.41 million, followed by Al Hebiah Fifth with 9 sales transactions worth AED 20.3 million, and Jabal Ali First with 9 sales transactions worth AED 26 million in third place.
The top three transfers for apartments ......read more
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The UAE celebrates 50th anniversary of UAE- Egypt ties by end of October
A zero-deficit Federal General Budget of AED63.06 billion for the year 2023
UAE- October 10, 2022: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan Abu Dhabi, in the presence of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance; and H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior.
His Highness Sheikh Mohammed bin Rashid Al Maktoum said: “I chaired the Cabinet meeting at Qasr Al Watan in Abu Dhabi. We approved the federal budget 2023-2026 with a total estimated expenditure of AED252.3 billion and estimated ......read more
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6 October 2022 (Geneva) - The International Air Transport Association (IATA) announced passenger data for August 2022 showing continued momentum in the air travel recovery.
• Total traffic in August 2022 (measured in revenue passenger kilometers or RPKs) was up 67.7% compared to August 2021. Globally, traffic is now at 73.7% of pre-crisis levels.
• Domestic traffic for August 2022 was up 26.5% compared to the year-ago period. Total August 2022 domestic traffic was at 85.4% of the August 2019 level.
• International traffic rose 115.6% versus August 2021 with airlines in Asia delivering the strongest year-over-year growth rates. August 2022 international RPKs reached 67.4% of August 2019 levels.
“The Northern Hemisphere peak summer travel season finished on a high note. ......read more
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 DSCD’s biggest public census to date will provide Sharjah’s policy making and developmental strategies with latest statistical data on families, workforce, housing and other infrastructure
● Mohammed bin Humaid Al Qasimi: Census will help identify segments supported by the government which would enhance planning to support all community components
● Sultan bin Abdullah bin Salem Al Qasimi: Sharjah has a comprehensive statistical ecosystem and a solid infrastructure that guarantee the accuracy of the census
Sharjah,26 September 2022: In line with the vision and directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to continually enhance quality of life in the emirate by fulfilling the ......read more
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 • Dubai Industrial City will be part of the UAE Ministry of Industry and Advanced Technology delegation set to travel to the United States
• Hosted in Pittsburgh, Pennsylvania, GMIS 2022, will better promote cross-border opportunities between the UAE and the US for the benefit of both nations
Dubai-UAE, 21 September 2022: Dubai Industrial City, a member of TECOM Group PJSC, announced its participation in the Global Manufacturing and Industrialisation Summit (GMIS) 2022, convening in Pittsburgh, Pennsylvania from 28th to 30th September 2022. Aiming to strengthen cross-border trade opportunities between the UAE and the United States, Dubai Industrial City, alongside other organisations and government entities, will be joining the UAE delegation invited by the Ministry of Industry and Advanced Technology ......read more
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 Dubai – 18 September 2022: His Excellency Sultan bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation said that the economic sectors in the UAE are performing positively and are likely to achieve more growth.
The UAE's foreign trade for the first 6 months of this year exceeded one trillion dirhams, and the tourism sector recorded revenues of more than 19 billion dirhams. Moody's Investors Service forecasts UAE real GDP growth of 6%-7% in 2022, and the non-oil economy of 4% to 5%.
His Excellency stressed during the meeting of the 3rd Dubai Customs Consultative Council (DCCC), in the presence of His Excellency Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation, and business and trade groups in the ......read more
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 • With ticket sales now closed, an all-expenses paid trip from Coca-Cola Middle East could be your best chance to see a big game live
• Coca-Cola Middle East teams up with McDonald’s and Careem to offer exciting prizes
Dubai, UAE, 1 September 2022: With regional and international demand for tickets to the FIFA® World Cup 2022 in Qatar at an all-time high, Coca-Cola Middle East is giving football fans in the UAE a once-in-a-lifetime opportunity to watch football’s biggest superstars take to the pitch this winter.
Out of the tens of millions of ticket requests received, over 1.8 million have been sold in the first two batches . With the sale period for tickets now officially closed, fans still have an incredible opportunity to witness the world’s most anticipated sporting event ......read more
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Dubai, UAE, 7 October 2021: The 7th World Green Economy Summit (WGES), held under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai concluded today (Thursday, 7 October 2021). The summit, held under the theme ‘Galvanising Action for a Sustainable Recovery’ brought together many prominent speakers from across the globe, in addition to dignitaries and representatives from government organisations, academicians, experts and the media.
HE Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, MD & CEO of Dubai Electricity and Water Authority (DEWA), and Chairman of WGES, announced the Dubai Declaration 2021 at the conclusion of WGES 2021, expressing his gratitude and appreciation to His Highness Sheikh Mohammed bin Rashid Al ......read more
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Anti-Money Laundering Department established within Ministry’s new structure
Abu Dhabi, 24 November 2020: The Ministry of Economy (MoE) announced the development of a strategic plan and initiatives within the framework of its role in supporting the efforts to combat money laundering practices in the country. MoE is the authority entrusted by the UAE Cabinet with the supervision of designated non-financial businesses and professions sector at the national level and commercial free zones with regard to countering money laundering.
The Ministry had recently established a specialized department called the ‘Anti-Money Laundering Department’ within its structure to follow up and implement its strategic plan, create awareness, and to regulate all activities listed under the business sector and specific non-financial ......read more
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Countries where people do not have a habit of washing their hands automatically tend to have a much higher exposure to coronavirus, a new study reveals.
University of Birmingham researchers have discovered that at least 50% of people do not have a habit of automatic handwashing after using the toilet in China (77%), Japan (70%), South Korea (61%) and the Netherlands (50%).
These countries are followed by Thailand and Kenya, where 48% do not have this habit, and Italy with 43%.
In contrast, UK and US frequencies are 25% and 23%, correspondingly. The best handwashing culture is observed in Saudi Arabia, where only 3% of people do not wash their hands habitually.
Professor Ganna Pogrebna, from Birmingham Business School and Dr. Alex Kharlamov, from Birmingham Law School, published their findings in Regulation & ......read more
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Abu Dhabi, 21st March 2020: Abu Dhabi Securities Exchange (ADX) announced that it will be managing remote e-voting for Annual General Meetings (AGMs) of companies listed on the Exchange free of charge. This move will enable a crucial aspect of AGMs to be carried out remotely and will apply to AGMs taking place from the 17th of March until the end of April 2020.
This ability is facilitated through an attribute of SAHMI, ADX’s integrated services’ digital platform – a well-established programme compatible with Smartpassthat allows users to access all services provided by the Exchange.
ADX will provide the remote e- voting service to its listed companies without incurring any fees for its implementation. The measure answers to the need of providing value-added services to support the private sector, in ......read more
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The move is in line with its strategy towards digital transformation and efficient operational management to ensure business continuity
Abu Dhabi, 17 March 2020: The Abu Dhabi Stock Exchange (ADX) have announced the launch of remote working for its employees. This follows the long-term development of a new technical communication system that allows complete business continuity for employees that will meet all challenges and circumstances.
Starting today, the advanced system will empower employees to perform all of their work tasks remotely and without any need to attend the workplace. This approach will contribute towards ADX’s leadership position across the region as a pioneer of digital transformation. The activation of remote working follows successful technical assessments to ensure a strong and effective system, in an ......read more
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 Abu Dhabi, UAE, 16 March 2020: Following the launch of the ‘Ghadan 21’ programme, HE Saood Al Hosani, Acting Undersecretary, Department of Culture and Tourism – Abu Dhabi said: “We at the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) value the initiatives launched by HH Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to maintain Abu Dhabi’s economic gains and support the private sector. These initiatives will undoubtedly make a positive impact on the economy and drive economic growth, especially as they exempt potential investors from certain fees, incentivising them to launch new services or major projects at the lowest cost.
Last year, we reaped the benefits of reducing tourism and municipality fees in the ......read more
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• Total number of companies rises 14% to 2,437 from 2018 - with growth of 32% since 2017, the Centre is on track to achieve its 2024 target
• The DIFC is now home to a community of 25,600 people; over 2,000 new jobs created in 2019
• Exceptional growth driven by a robust ecosystem fosters financial sector diversification, global partnerships and investment in FinTech and Innovation
• Four-fold growth takes number of financial innovation firms to 129
• New enactments including DIFC Employee Workplace Savings (DEWS) set to transform the way the Centre attracts and retains talent, in line with global best practice
• Market size from DIFC activities surpasses $700 billion (AED 2.5 trillion)
Government of Dubai Media Office – 10 March 2020: Dubai International ......read more
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 • 32% improvement in 2019 core operating performance over 2018, on revenues of US$ 5.6 billion
• 11% (US$ 0.65 billion) reduction in direct operating cost
• 17.5 million passengers and 635,000 tonnes of cargo carried
• Best on-time performance in the region - 82% for flight departures, 85% for arrivals
Abu Dhabi, United Arab Emirates (UAE) – Etihad Airways (Etihad) has announced an encouraging 32% improvement in core operating performance for 2019, on revenues of US$ 5.6 billion (2018: US$ 5.9 billion). Losses were significantly reduced to US$ 0.87 billion (2018: US$ -1.28 billion). This result is better than Etihad’s internal plan for 2019. The airline’s transformation programme has seen cumulative core operating performance improved by 55% since ......read more
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• Despite the modest pull-back in M&A volumes over the past few years, the chemical industry continues to enjoy robust M&A activity.
• Chemical industry M&A activity has remained strong despite trade tensions and fears of economic downturns, suggesting that investors in the industry have become more comfortable with uncertainty.
2 March, 2020 - The Deloitte Global Chemical Industry Mergers and Acquisitions Outlook (2020 Outlook) expects robust merger and acquisition (M&A) activity to continue throughout the coming year, despite the trade and geopolitical tensions, and slowing economies that shape today’s global economic uncertainty.
“Over the past few years we watched attentively as the chemical industry maintained healthy M&A activity levels despite the ......read more
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Initiative facilitates procedures for industrial investors in Abu Dhabi
1st phase of the project promotes automated issuance of industrial licenses and enhances level of e-Government services
Abu Dhabi, 01 March 2020: The Abu Dhabi Department of Economic Development’s (ADDED) Industrial Development Bureau (IDB) has announced the implementation of the first phase of its ‘e-connection’ project in partnership with local and federal entities to facilitate the issuance of industrial licenses in Abu Dhabi, with the first phase being launched with the Ministry of Economy (MOE).
H.E Humaid Bin Butti Al Muhairi, Assistant Undersecretary for Commercial Affairs at MOE, said that the e-connection initiative between MOE and ADDED is a significant move towards strengthening the integration of roles between local ......read more
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UAE’s successful model of attractive environment for FDI under spotlight at AIM 2020
UAE, Dubai, 24 February 2020: The 10th edition of the Annual Investment Meeting (AIM 2020), the world’s leading investment platform, will highlight the changing global investment landscape and the need to develop work mechanisms and innovative investment strategies that help facilitate FDI flows into global economies, to promote sustainable economic growth, particularly in light of the global FDI decline under the growing global economic risks, rising protectionist trends and trade tensions.
Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, AIM 2020, the world’s leading investment platform, will take place at Dubai World Trade ......read more
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BCG study finds spectrum enables more than 3.4% of GDP in top ICT nations, and new technologies will increase the race for spectrum grabbing.
Dubai, 18 February 2020: New research by Boston Consulting Group (BCG) highlights that spectrum enables 3.4% of GDP for the top 20 ICT nations from a range of sources, including employment, non-oil revenue, technological adoption, and investment deployment.
The electromagnetic spectrum is the range of frequencies from 3 kilohertz (kHz) to 300 gigahertz (GHz) that carries radio signals that enable wireless connectivity. It is a scarce and finite resource that is typically publicly managed nationally and coordinated at an international level.
Connectivity is a critical enabler in achieving countries’ ambitions to grow digital economies and ......read more
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Region’s desalination capacity to increase by 40 per cent in next five years
More than half of the world's total desalination output originates from GCC states
February 17, 2020: The GCC region remains one of the highest consumers of water in the world as demand surges simultaneous with its booming population and steady socio-economic growth, according to a report titled ‘Water Management and Sustainability in the Gulf Cooperation Council: Addressing Scarcity and Consumption in the Region’ recently released by Orient Planet Research (OPR), an Orient Planet Group venture.
The OPR report examined various fundamentals affecting the regional water industry in light of uncertainties concerning the growing gap between water demand and supply in the six GCC member states. According to ......read more
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• Orange Egypt completes transformation of existing billing platform
• The converged Business Support Systems architecture simplifies business processes
Orange Egypt has completed a major business transformation project implemented by Ericsson (NASDAQ: ERIC). Orange Egypt and Ericsson reengineered Orange's business processes and BSS environment – implementing the new and improved Ericsson Billing solution. With Ericsson Billing, Orange will improve offering time-to-market and the solution will also help Orange to enhance operational efficiency.
Abdelfattah Aly Mabrouk, Chief Information Officer at Orange Egypt says: “We transformed our BSS environment to enhance our competitiveness, and further improve customer experience, so that we can grow our market share in a ......read more
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IDB issues report showing local industry sector’s growing conformity to local environment and workplace safety standards
Abu Dhabi, 10 February 2020: The number of factories in Abu Dhabi that have been certified for their compliance with occupational safety and health standards increased 11 per cent in 2019 to reach 457 compared with 406 factories in 2018, according to the 2019 annual report of the Industrial Development Bureau (IDB) of the Abu Dhabi Department of Economic Development (ADDED).
The report looked into the accomplishments and activities of IDB’s Department of Health, Safety and Environment (HSE) during the previous year, specifically the implementation of the environment and occupational safety and health standards in all industrial facilities in Abu Dhabi.
The report noted that raising the awareness of ......read more
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February 10, 2020-Technology Innovation Pioneers (TIP), a leading initiative developed by the UAE Ministry of Economy and the Abu Dhabi Department of Economic Development (ADDED), has announced that it has joined the World Green Economy Organization as one of the founding members under its private sector platform. The move aims to reinforce efforts to engage Small and Medium Enterprises (SME) inventors and project owners in supporting the process of the global transformation to a green economy while also addressing relevant key challenges on a worldwide scale. This UAE platform for innovation aims to bring entrepreneurs to the global stage and encourage them to contribute to the move to achieve the global goals set forth in the UN Sustainable Development Plan and the Paris Climate Agreement.
TIP has found an ideal partner through the ......read more
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By Ole Hansen, Head of Commodity Strategy at Saxo Bank
Summary: Commodity markets continue to bear the brunt of the coronavirus outbreak in China. The concern remains that the wider markets have yet to reflect the full impact of the disruption. With China being the world’s most dominant consumer of raw materials, the impact continues to be felt strongly across key commodities and the world is facing the biggest demand shock since the 2009 global financial crisis.
Commodity markets continue to bear the brunt of the coronavirus outbreak in China. While stocks, led by the U.S. technology sector, resumed their rally and reached new highs, the Bloomberg Commodity Index traded lower for a fifth week and down by 6.4% since January 17th when China finally alerted the world about the severity of 2019-nCoV outbreak.
We remain ......read more
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8 February 2020 (Geneva) - The International Air Transport Association (IATA) announced full-year global passenger traffic results for 2019 showing that demand (revenue passenger kilometers or RPKs) rose by 4.2% compared to the full year of 2018.
The 2019 result is a slowdown compared to 2018’s annual growth of 7.3% and marked the first year since the global financial crisis in 2009 with passenger demand below the long-term trend of around 5.5% annual growth. Full-year 2019 capacity climbed 3.4%, and the load factor rose 0.7 percentage point to a record high of 82.6%. The previous high was 81.9% set in 2018.
December 2019 RPKs increased 4.5% against the same month in 2018. That was an improvement over the 3.3% annual growth recorded in November, primarily due to solid demand in North America.
“Airlines did ......read more
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05 February 2020 (Geneva) – The International Air Transport Association (IATA) released full-year 2019 data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), fell by 3.3% compared to 2018 while capacity (AFTK) rose by 2.1%. This was the first year of declining freight volumes since 2012, and the weakest performance since the global financial crisis in 2009 (when air freight markets contracted by 9.7%).
In the month of December, cargo volumes contracted 2.7% year-on-year while capacity rose 2.8%.
Air cargo’s performance in 2019 was dampened by weak growth in global trade of just 0.9%. The sector’s underperformance was also due in particular to slowing GDP growth in manufacturing-intensive economies. Softer business and consumer confidence, along with falling export ......read more
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 Global trade event reaffirms Dubai’s position as a hub for pioneering security and safety products and solutions
Dubai, UAE: Intersec, the region’s leading trade fair for security, safety and fire protection, has recorded its highest rebooking rate with 150 exhibitors signing up for the 2021 event immediately after January’s show which represents a 200% increase from 2019’s onsite recommitments.
The rebookings come in the wake of a 6W Research report which forecasts the Middle East’s commercial security market will grow 16% a year to 2025 to be worth US $8.4 billion.
“This strong rebooking performance acknowledges the high potential of the regional security market and Intersec’s ability to reach key buyers,” said Andreas Rex, Show Director for Messe Frankfurt Middle East, which ......read more
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Compared with 2018
Abu Dhabi, 23 January 2020: Consumer prices declined by 0.8% in 2019 compared with 2018. As the latest Consumer Price Index (CPI) report of Statistics Centre – Abu Dhabi (SCAD) indicates, the CPI averaged 110.7 points in 2019, down 0.8% from 111.6 points in 2018.
Comparison of monthly price data shows a 0.7% fall in the CPI to 109.6 points in December 2019, down from 110.3 points in November 2019. The index also dropped by 1.0% in December 2019 compared with December 2018.
SCAD’s CPI report presents the contribution of each of the main 12 expenditure groups to the overall change in consumer prices during 2019. The groups are categorized according to the International Classification of Individual Consumption according to Purpose (COICOP). The largest contributor to the overall decrease in ......read more
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By Ole Hansen, Head of Commodity Strategy at Saxo Bank
23rd January 2020: Global commodities face a potentially volatile 2020, given the combination of growth concerns, geopolitical tensions, climate change and inflationary pressures. While global growth — and with that demand for key cyclical commodities — remains weak, we see the supply side also facing multiple challenges due to social unrest and climate change.
Climate change became top of mind in 2019 and we expect this focus will only continue to strengthen as the real impact is felt across the world. Whether these developments will be viewed as a temporary blip 50 years from now is irrelevant. The trend towards a warming atmosphere is likely to see weather become more volatile and unpredictable, thereby creating a challenge to global ......read more
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Annual Report of 2019
• Al Shamsi: Sharjah recorded over 61,000 real estate transactions last year
• Al Shamsi: Sharjah has become an attractive market for investors in the Middle East and worldwide thanks to the directives of the prudent leadership.
Government Communication Department - Real Estate Registration Department - Sharjah 19/01/2020: - Real estate transactions valued 24.2 billion AED in the Emirate of Sharjah in 2019 increasing by 7.3 in comparison to 2018. 61,357 transactions were recorded in 2019, increasing by 13.4% in comparison to 2018, according to the annual report of the Sharjah Real Estate Registration Department (SRERD).
Diverse Investment Opportunities
Abdulaziz Ahmed Al Shamsi, Director General - SRERD stated that the real estate sector in the Emirate keeps ......read more
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Dubai Customs hosts global event in cooperation with World Customs Organization and UAE Federal Customs Authority
December 22, 2019 - Dubai is set to host the 5th World Customs Organization (WCO) Global AEO (Authorized Economic Operator) Conference 2020 which is being hosted by Dubai Customs in cooperation with WCO and the UAE Federal Customs Authority. The global event which will take place from March 10 to 12, 2020, will be introduced for the first time in the region, further reiterating Dubai’s leadership and major role in global trade, thanks to its competitiveness, safety of trade and investment environment, as well as innovative customs system that make Dubai one of the leading trading hubs in the region.
Ahmed Mahboob Musabih, Director General of Dubai Customs said: “The 5th WCO Global AEO Conference 2020 ......read more
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