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Category: Business
The UAE and Ukraine have officially signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at enhancing trade and investment relations between the two nations. The agreement was executed on Monday by Dr. Thani Al Zeyoudi, the UAE’s Minister of State for Foreign Trade, and Yulia Svyrydenko, Ukraine’s First Deputy Prime Minister and Minister of Economy....
The ‘Pearl Quest’ competition, organized by the Sharjah Business Women Council (SBWC), has successfully concluded, celebrating women-led startups in Sharjah. The grand finale highlighted the achievements of various female entrepreneurs, showcasing their innovative ideas and business models. Credit: WAM During the event, participants received recognition and support for their entrepreneurial efforts. The competition aimed to...
Du, part of Emirates Integrated Telecommunications Company (EITC), announced a strategic partnership with DIFC Innovation Hub on Monday to launch the ‘du Business Entrepreneurship Programme’. This initiative aims to provide significant support to entrepreneurs and start-ups, emphasizing innovative programs and initiatives to enhance the UAE’s business ecosystem. The programme focuses on elevating small and medium...
HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, the Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs and Chairman of the Supreme Organising Committee for the Open Masters Games Abu Dhabi 2026, witnessed the signing of a sponsorship agreement between the event and the Abu Dhabi National Oil Company (ADNOC)....
Dubai Duty Free has announced impressive sales figures for the month of May, totaling Dhs724.7 million (US$198.5 million). This represents a significant 12.5% increase compared to May 2024 and marks the highest monthly sales figure recorded so far this year. May 2025 stands out as the second-highest sales month ever for Dubai Duty Free during...
Businesses in the UAE show strong confidence in their international trade prospects, with 94% indicating that they expect to expand cross-border trade in the near future. This optimism persists despite the ongoing uncertainties and cost pressures stemming from tariffs, prompting UAE firms to enhance their planning and adopt digital solutions to remain competitive. These insights...
Dubai has committed $10 billion for infrastructure investments aimed at enhancing the commercial vehicle market and supporting the emirate’s tourism economy, as reported by market research firm Frost & Sullivan. This significant investment is expected to stimulate growth in the sector. In addition to Dubai’s initiatives, Saudi Arabia has announced a substantial $267 billion in...
Dubai is becoming an attractive destination for entrepreneurs from India and the UK, as many are considering relocating their operations and assets to the UAE. A recent report by HSBC reveals that 5% of business owners from overseas are contemplating this shift, with those from India and the UK showing a particular interest. The report...
Dubai International Chamber has inaugurated its 36th international representative office in Bangkok, Thailand. This new office is expected to play a crucial role in attracting businesses and investments from Thailand to Dubai, thereby strengthening trade ties between the two regions. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, emphasized that the Bangkok office...
The UAE and Serbia are set to enhance their economic relations with a target of a $350 million trade partnership following the launch of the Comprehensive Economic Partnership Agreement (CEPA). This agreement marks a significant milestone in establishing stronger economic ties between the two nations. The CEPA has officially come into effect, aiming to foster...