Monday 18 February 2019

Dubai firms see economic growth boost in Q1: DED

A majority of businesses in Dubai foresee accelerated economic growth during the first quarter (Q1) of 2019, according to the quarterly survey conducted by the Department of Economic Development (DED) to gather the performance expectations and economic outlook of the local business community.


Saudi allocates $3.1bn to help private firms

Saudi Arabia has approved an allocation of SR11.5 billion ($3.07 billion) to support enterprises committed to indigenisation.    The allocation is aimed at reimbursing firms the fees for expatriate work permits. The order authorised the Ministry of Labor an


Capital Club Bahrain to host key Fintech series

Capital Club Bahrain is set to join hands with Andra Public relations & Corporate Communications to launch its Fintech series which will feature leading corporates and startups from the kingdom and the Middle East and North Africa (Mena) region. To be held later this month, t


Bahrain vows to focus on cost control

Bahrain government will focus on “stringent cost controls” to balance its budget, Bahrain’s Minister of Finance and National Economy told Bloomberg Television in an interview.    Shaikh Salman bin Khalifa Al Khalifa said the government has


Brazil exports to Arab world hit $11.5bn in 2018

Brazil exported goods worth $11.48 billion to the Arab World in 2018, which is indicative of its robust trade relations with the region, a media report said. Brazilian exports to the UAE, Egypt, Saudi Arabia and Kuwait were recorded at $2 billion, $2.13 billion, $2.1 billion, and


UAE regional hub for 24pc of world's 500 top companies

Business activities have played a major role in leading the UAE regionally and globally in more than 10 sub-indicators in the doing business report and being a regional hub for more than 24 per cent of the world's 500 largest companies, a top official said. In an exclusive in


Bahrain equity firm boosts SME investor confidence

Bahrain-based private equity investment company Dividend Gate Capital (DGC) is succeeding to deliver their vision to promote the development of Bahrain’s SME business community by increasing the investment mandate in its first year of business.    DGC


Adnic wins ISO certification for complaints management

Abu Dhabi National Insurance Company (Adnic), a leading regional multi-line insurance provider for corporates and individuals, has announced that it has been awarded the ISO 10002:2018 certificate for complaints management.   Adnic had received the certificate f


DMCC in strategic deal to boost India trade ties

DMCC, a leading flagship free zone and Government of Dubai Authority on commodities trade and enterprise, has signed a MoU with the industrial development body of the government of Indian state of West Bengal, in bid to boost UAE-India trade through Dubai.   Wit


Abu Dhabi plans to set up new investment office

UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued the first two laws of the year -  Law No.1 on the establishment of an Abu Dhabi Investment Office (Adio) and Law No.2 on regulating partnerships between public and private sectors.  

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