Expand North Star 2023: A global stage for startups at Dubai Harbour
The surge in international demand has rallied the world’s largest tech and start-up event to scale even higher and bigger in 2023, spearheading a global tech takeover across two Dubai mega venues next month. The 43 rd edition of GITEX GLOBAL will take place from October 16-20, the blockbuster tech showpiece once again reaching full […]
Dubai attracts greenfield FDI capital of $5.7bn in H1 2023
Dubai reported a 70 per cent year-on-year growth in total foreign direct investment (FDI) projects in the first half of 2023, according to Financial Times ‘fDi Markets’ data, with greenfield FDI projects accounting for 65 per cent of the total. The emirate attracted 511 greenfield projects and climbed to sixth position in FDI capital attraction, […]
DIFC unveils five-year innovation strategy for financial services
Dubai International Financial Centre (DIFC) and Refinitiv have revealed a five-year outlook for innovation in the financial services industry. Following the initial wave of innovation sparked during the pandemic, the global financial services industry continues to see major transformations. Tailored to the evolving preferences and expectations of customers and clients, the high demand for convenient […]
Dubai’s DP World invested $6bn to become supply chain giant
DP World invested more than $6bn to evolve into a comprehensive supply chain player, as the company capitalised on the slow evolution of the supply chain industry to invest in every aspect of the chain, according to CEO, Sultan Ahmed bin Sulayem. Speaking at the 21st Arab Media Forum in Dubai, Bin Sulayem said, “In 2016, […]
Flydubai will launch services to Langkawi and Penang
Dubai-based carrier flydubai will launch a daily service to Langkawi and Penang in Malaysia beginning next year. Flights from Dubai’s Terminal 3 to Penang International airport (PEN) and Langkawi International airport (LGK) will start from February 10, 2024. Its services to Langkawi will operate via a short stop in Penang. The carrier will therefore become […]
Dubai: DMCC launches loyalty programme for member companies
DMCC has announced the launch of ‘DMCC Business Rewards’, a new loyalty programme that offers a range of discounts and benefits to its base of more than 23,000 member companies. New and existing DMCC member companies will be able to earn Business Rewards points on company set-up packages, services, business licensing, referrals, visa renewals, and others. […]
Dubai launches family business management programme
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE has unveiled the Dubai Family Business Management Programme, according to the Government of Dubai Media Office. The programme, which is a project of the Dubai Centre for Family Businesses, seeks to empower and […]
Automechanika Dubai 2023: Biggest-ever edition begins at DWTC
More than 1,800 exhibitors from over 60 countries are converging at Dubai World Trade Centre (DWTC) for Automechanika Dubai 2023. This is the show’s largest edition in its two-decade run. The event, which began today (October 2) will run until October 4. It is witnessing a year-on-year growth in exhibitor participation to the tune of […]
DEWA commissions second unit of 4th phase of Dubai solar park
Dubai Electricity and Water Authority (DEWA) has commissioned the 200 megawatt (MW) second unit of the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, with an estimated cost of up to Dhs15.8bn, according to the Government of Dubai Media Office. The fourth phase of the solar park uses the Independent Power Producer model. Iset […]
Swiss bank Lombard Odier plans expansion after getting new Dubai licence
Swiss private bank Lombard Odier plans to double its headcount in the UAE within three years after obtaining a licence to operate from Dubai’s financial centre, one of its senior executives told Reuters on Thursday. The bank, which has had a representative office in Dubai, a major regional financial hub, for 17 years and a branch in […]