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Category: Business
The demand for taxis in Dubai has witnessed encouraging signs of recovery as the market rebounds from a sluggish performance in the second quarter of the year. After experiencing a notable decline in trips during the earlier months, statistics for June indicate a narrowing of these declines, suggesting a revitalization in Dubai’s mobility landscape. Following...
The establishment of the Kenya Business Council in Dubai marks a significant step towards strengthening trade and investment relations between Kenya and the UAE. This new platform is expected to facilitate increased collaboration as both countries aim to leverage the Comprehensive Economic Partnership Agreement (CEPA), underscoring their commitment to enhancing economic ties. The recent formation...
Blackstone, the world’s leading alternative asset management firm, is set to strengthen its presence in the United Arab Emirates with the opening of a new office in the Dubai International Financial Centre (DIFC). This strategic move marks the firm’s notable return to the emirate, aiming to capitalize on the region’s booming investment landscape and increasing...
In a rapidly evolving maritime sector, Waleed Altamimi, CEO of Emirates Classification Society (TASNEEF), emphasizes the importance of adaptability and strategic foresight. Under his leadership, TASNEEF has become a central figure in enhancing the maritime industry in the UAE, focusing on embracing technological advancements and regulatory changes that mold the future of shipping and maritime...
In a rapidly evolving maritime sector, Waleed Altamimi, CEO of Emirates Classification Society (TASNEEF), emphasizes the importance of adaptability and strategic foresight. Under his leadership, TASNEEF has become a central figure in enhancing the maritime industry in the UAE, focusing on embracing technological advancements and regulatory changes that mold the future of shipping and maritime...
Swiss sports brand On has officially opened its first retail location in the United Arab Emirates, marking a significant milestone in its expansion strategy despite current regional tensions. The company, which has garnered international attention with the backing of tennis legend Roger Federer, aims to penetrate the Middle Eastern market with an ambitious plan that...
The Commercial Court in Abu Dhabi has dismissed a lawsuit seeking Dh33 million against BILDCO, a company operating within the UAE. The decision has cleared BILDCO of financial liability and has underscored the robustness of its legal position, as affirmed by the court’s ruling. This lawsuit’s dismissal not only highlights BILDCO’s strong legal standing but...
The forthcoming Vibrant Gujarat Global Summit (VGGS) in 2027 is poised to bring India’s free trade agreements (FTAs) to the forefront, as the state of Gujarat aims to leverage these agreements to attract foreign partnerships and investments. With a strategic focus on fostering economic collaboration, Gujarat’s initiative underscores the growing relevance of FTAs in today’s...
The Dubai International Chamber has officially inaugurated a new representative office in Luanda, Angola, enhancing its presence in Africa. This office represents the eighth location established by the Dubai chamber on the continent, highlighting the growing interest and investment opportunities in Angola, which is recognized as one of Africa’s most rapidly advancing economies. This strategic...
The Al Safeer Group has officially opened the doors to its latest hypermarket, the Safeer Market, located in Helio, Ajman. This significant investment of over Dh8 million aims to elevate the shopping experience for residents and visitors alike, bringing a diverse range of products and services closer to consumers. The new hypermarket is designed to...