View of Abu Dhabi Skyline at sunset

The UAE forefronting it all the way

  The UAE realised the importance of diversifying the energy sector several years ago much before the oil prices began to drop, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, has said.…

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UAE, Bahrain among world’s most improved countries for SMEs

The UAE and Bahrain have been named among the world’s top 10 most improved economies for adopting reforms that make it easier to start and operate small and medium-sized businesses.   The World Bank…

Dubai's Billionaire

Dubai billionaire Alabbar plans Middle East messaging app

Billionaire Mohamed Alabbar, one of Dubai’s most prominent businessmen, plans a phone messaging service for the Middle East that aims to compete with services such as WhatsApp. Alabbar, who made his fortune as the…

Dubai Financial Market

UAE markets show signs of hitting a bottom

Dubai: The Dubai Financial Market General Index (DFMGI) was essentially flat last week, rising only 5.55 or 0.17 per cent to close at 3,340.49. That’s not bad given that the index was down as…

Cyber crime in US AND Europe

Warning for UAE companies after huge cyber attack

A shocking cyberattack that happened over the weekend blocked some of the world’s most popular websites. Millions of web users in the United States and Europe were left unable to view popular websites including…

Dubai council - trace between the UAE-UK

Dubai Economic Council signs partnership to promote UK-UAE trade

Trade relationships between the UAE-UK to improve immensely that will, in turn, contribute to the economic benefits of both nations for over the years, according to Hani Al Hamli, Secretary-General of the Dubai Economic…

banks

Liquidity buffers seen to protect UAE banks

Despite the continued economic slowdown, resilient capital and liquidity buffers will help protect UAE banks’ credit profiles. The ratings agency expects the country’s banking system to remain stable as the government’s support for UAE…

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Dubai holiday homes – A tough competition for hotel operators

The Dubai Government started regulating holiday homes market in 2013, and since then there has been an increase in their numbers. At at the end of the first half, there were around 4,200 units…