UAE chairs Arab committee meeting for economic, social affairs in Cairo

Cairo: The UAE chaired the 48th session of the Steering and Follow-up Committee for the Economic and Social Council, which began today at the Arab League headquarters, with the participation of representatives of Arab ministries of economy. Mohammed Saleh Shelwah, Advisor to the Minister of Economy, led the UAE delegation that participated in the meeting, […]

Dubai GDP projected to grow 3.2 per cent in 2020

Dubai: Projected short-to-medium term economic activity in Dubai indicates a real gross domestic product (GDP) growth of 2.1 per cent this year, 3.2 per cent in 2020 and 3 per cent in 2021, according to a report from Government of Dubai. While the Fifty Years Charter, government Initiatives and increase in productivity continue to support […]

UK visitors to GCC to increase 22% by 2024, reports ATM

DUBAI: Arrivals from the UK to the GCC will increase 22% over the period 2018 to 2024, driven by new and direct flight routes, competitive air fares and a growing number of leisure travellers, according to the latest data released ahead of Arabian Travel Market, ATM, 2020, which takes place at Dubai World Trade Centre […]

In technology push, UAE council approves 14 initiatives

Dubai: The UAE Council for the Fourth Industrial Revolution has adopted 14 initiatives, aimed at promoting the use and deployment of advanced technology within the government during the coming year. The move is in line with the UAE government’s efforts to develop innovative solutions based on the Fourth Industrial Revolution (4IR) tools. Sarah bint Yousif […]

Oil looks for stability after Opec+ production cuts

Abu Dhabi: Oil prices were down on Monday, despite a new round of production cuts announced by Opec+ last week, highlighting how the body’s decision will more than likely stabilise prices instead of sending them up said analysts. Brent crude was down 1.07 per cent at $63.70 (Dh233) with West Texas Intermediate (WTI) also down […]

Women still face bias by venture capitalists

Dubai: Women still face barriers to securing investment or financing for their business because of gender bias, experts told the Women’s Economic Empowerment Global Summit (WEEGS) in Sharjah on Tuesday. Speaking during a WEEGS session titled ‘Money Talks’, panellists said studies have shown that women continue to be viewed differently than men by ICs (investment […]

Franke Middle East Completes 10 Years

Congratulations to our longstanding client Franke Middle East for completing 10 glorious years of business in the region. Wish you much success ahead! نتقدم بخالص التهاني لشركة فرانكي على إكمالها 10 سنوات من الازدهار والعمل الناجح في المنطقة، مع تمنياتنا للشركة بالمزيد من التقدم والرُقيّ!

A.I. adoption has potential to increase productivity by more than 40% by 2035

Dr. Hatem Bugshan, Head of Big Innovation Centre, Middle East, puts investment in people and education at the centre of successful A.I. implementation. “We are going to invest in skills and education to ensure the youth, which is almost 30% of the Middle East population, are equipped with knowledge to adopt and implement A.I. in […]

US trade offensive takes out WTO as global arbiter

Brussels: US disruption of the global economic order reaches a major milestone on Tuesday as the World Trade Organisation (WTO) loses its ability to intervene in trade wars, threatening the future of the Geneva-based body. Two years after starting to block appointments, the United States will finally paralyse the WTO’s Appellate Body, which acts as […]