Dubai’s ambitious aim to double its economy in the next decade underscores the emirate’s ongoing commitment to economic growth and development. To encourage innovation and generate new opportunities for businesses and individuals, the strategy calls for investments in important sectors such as tourism, trade, logistics, and technology.
The UAE money and exchange company Al Ansari Financial Services may raise up to Dh773 million ($210 million) via the sale of a 10% interest in an initial public offering. According to the firm, it is selling 750 million shares and has set the offer share price range at between Dh1 and Dh1.03 per share, implying a market capitalisation of between Dh7.5 billion ($2.04 billion) and Dh7.73 billion ($2.10 billion) at listing.
Artists, designers, and performers with big goals are increasingly looking for places that will help them transform their ideas into thriving businesses. Dubai is growing as a new destination for creatives from all over the world seeking new pastures to realise the commercial potential of their great ideas.
Many emirates announced programmes to encourage motorists to pay off any traffic fine breaches they may have accumulated over the UAE National Day vacations. Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain, and Fujairah announced a 50% reduction on most traffic infractions, as well as the elimination of black points and vehicle impoundment fines. According […]
The Best NFT Government Project has been awarded to the Dubai Police NFT project. The project, which will be launched in May 2021, intends to enhance public awareness about cybersecurity and promote safe online conduct. The Dubai Police NFT project entails the development of a set of digital collectible cards with various cybersecurity themes and […]
The UAE intends to enact new legislation to penalize shops who raise prices illegally. The new rule will serve to protect customers from price gouging and would require retailers to follow fair pricing practices. Retailers who are found to be raising prices unfairly may face hefty penalties, including fines and potentially the suspension of their commercial license, under the new rule
The UAE is a fast expanding business hub that provides a favorable environment for entrepreneurs and investors to establish themselves.
Dubai Design District (d3), a famous office zone in Dubai, is preparing to launch its first residential options. In addition to its existing office spaces, the neighborhood, noted for its creative and design-focused environment, will soon provide residential flats.
The “Life Objectives” initiative of Dubai Holding is a Programme aimed at empowering blue-collar workers in the United Arab Emirates (UAE). The Programme is intended to improve the workers’ quality of life and to assist them in achieving their personal and professional goals.
India’s objective of adding 500 gigatonnes of sustainable energy in the next seven years is both real and powerful. As one of the largest renewable energy investors, the UAE and Masdar (a renewable energy investment firm) will explore all opportunities for collaboration with India to contribute to its high-growth-low-carbon path.