New economic opportunities to open up as Dubai Chamber commits to connecting businesses, investors, innovators during Expo 2020
New opportunities are on the horizon for local and international businesses at Expo 2020 Dubai, with Dubai Chamber of Commerce and Industry to play a pivotal role in creating new connections and collaborations as an Official Partner.
As an official partner, Dubai Chamber will represent and support the interests of the UAE business community at Expo 2020, the World’s Greatest Show of human brilliance and achievement, helping to connect them with international businesses, innovators, investors, and international chambers of commerce [...]
Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Global Women’s Forum Dubai (GWFD) will take place from 16 – 17 February, 2020 at the Madinat Jumeirah. Hosted and organised by Dubai Women Establishment (DWE) and building on the theme “The Power of Influence”, the Global Women’s Forum Dubai aims to highlight dynamic women across governments and the business world, as well as their significant impact and valuable contributions across the global economy and society.
The Forum aims to focus on the importance of adopting policies and building partnerships that heighten women’s [...]
Sheikh Zayed Road transformed into race track for Dubai Fitness Challenge
Dubai witnessed a spectacular display of community, solidarity and enthusiasm for life this morning, with the city’s artery Sheikh Zayed Road transforming for the very first time into a thumping race track for Dubai Fitness Challenge 2019. Residents and visitors of all ages and abilities numbering 70,000 came together to make history and take part in the inaugural Dubai Run.
Spearheaded by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, the event featured two courses to ensure it is highly inclusive – a 5km [...]
The Emirates Group today announced its half-year results for its 2019-20 financial year.
Group revenue was AED 53.3 billion (US$ 14.5 billion) for the first six months of 2019-20, down 2% from AED 54.4 billion (US$ 14.8 billion) during the same period last year. This slight revenue decline was mainly due to planned capacity reductions during the 45-day Southern Runway closure at Dubai International airport (DXB), and unfavourable currency movements in Europe, Australia, South Africa, India, and Pakistan.
Profitability was up 8% compared to the same period last year, with the Group reporting a 2019-20 half-year net profit of AED 1.2 billion (US$ 320 million). The [...]
Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) highlighted the emirate’s ongoing commitment to its third largest source market at the 40th edition of World Travel Market (WTM), one of the leading global trade events for the travel industry, held in London from 4 to 6 November 2019. Dubai Tourism exhibited alongside a delegation of more than 60 trade partners across travel and tourism, hospitality, leisure and entertainment to showcase new destination insights as well as the diverse events and festivals sector in efforts to further boost British tourist arrivals over the next year. The Dubai stand served as an immersive representation of the city’s modern, [...]
Dubai International, DXB, is maintaining its position as the world’s busiest hub for international passengers with traffic reaching 64.5 million passengers in the first nine months of 2019.
According to a press release issued by Dubai Airports today, a total of 23,217,492 passengers travelled through DXB in the third quarter (-2.4% YoY), bringing the year to date traffic to 64,495,241 (-4.5% YoY). The slight contraction in year to date numbers is mainly the result of the closure of one of DXB’s two runways for 45 days for a runway rehabilitation project during May-April, as well as the impact of the worldwide grounding of Boeing 737 Max aircraft since March this [...]
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has appointed His Highness Sheikh Ahmed bin Saeed Al Maktoum to temporarily oversee Dubai Holding and Meraas, replacing Abdulla Al Habbai.
The move is part of a fresh strategy to explore new expansion prospects for both groups, and identify further opportunities to maximise growth by leveraging their diverse assets and investment portfolios. The appointment seeks to further consolidate the strong brand profile and leading position of the two groups both in the Arab world and globally. The move is also aligned with Dubai’s evolving growth strategy that seeks [...]
Emirati women have been able to make significant achievements across various fields, including science, technology, engineering and mathematics (STEM) domains, thanks to the support and encouragement of the leadership and the equal opportunities provided to them, said Her Excellency Sara Al Amiri, UAE Minister of State for Advanced Sciences.
During a panel discussion moderated by Tom Fletcher, former UK Ambassador to Lebanon and Visiting Professor at New York University, HE Al Amiri discussed the significant progress made by the UAE in the field of gender balance and its ability to become a model for women’s empowerment across the region and the world, especially in the [...]
The global catering services market is projected to grow at a steady CAGR of 4.5 percent, according to Beroe Inc., a procurement intelligence firm. Based on recent valuations, the value of the catering services market is highest in Europe, worth $218.1 billion, growing at a rate of 3-4 percent, while the LATAM market has had the lowest value of $23.74 billion, growing at a rate of 2-3 percent.
The catering services market is expected to have the highest growth in the APAC projected to grow at an annual rate of 7-8 percent until 2021. While Singapore and Hong Kong have high market maturity and Japan and Australia have medium maturity the remainder of APAC has low market [...]
Smart Dubai, the Government entity tasked with leading Dubai’s smart transformation, has won three awards at the Stevie Awards 2019 – one Gold, one Silver, and one Bronze. The Award Gala took place on October 19, 2019, in Vienna, Austria.
The Gold Stevie was awarded to Smart Dubai’s Smart Employee application in the Human Capital Management Solution category. In addition, Smart Dubai won Silver in the Business Intelligence Solution category for its Business Intelligence for HRMS service, and a Bronze in the Financial Services category for its Asset Tracking System (ATS) .
“We are honoured to have played our part not only in putting Dubai on the global map [...]
The Director General of the Government of Dubai’s Department of Finance (DoF) Abdulrahman Saleh Al Saleh said that the continuous improvement in the performance of Dubai’s public budget over the last five years has been driven by Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum’s directives, to maintain the sustainability of Dubai’s financial system, stimulate greater entrepreneurship and investment through economic stimulus measures and further enhance Dubai’s competitiveness as a global investment hub.
Al Saleh said that capital expenditure on infrastructure projects in Dubai, especially projects [...]
Dubai Water and Electricity Authority (DEWA) is showcasing 34 innovative projects and smart initiatives during its participation in GITEX Technology Week 2019, with 24 of these initiatives being demonstrated for the first time. DEWA invited the public to visit its stand (S2-D1) in Sheikh Saeed Hall in the Dubai International Convention and Exhibition Centre, as well as its stand within the pavilion of Smart Dubai Government. Visitors can learn about DEWA’s major projects, initiatives, and services, based on AI that will enhance the experience of customers, partners, and employees. DEWA conducts daily raffle draws with valuable prizes for visitors until 10 October [...]
Statistics released by Dubai Customs, in conjunction with Gitex Technology Week 2019, showed that Dubai almost doubled its foreign trade value in IT and telecom industry over the past decade, recording a growth of 97% from AED 117 billion in 2009 to AED 231 billion in 2018.
In the first half of 2019, trade in IT and telecoms went up 3% year-on-year to reach AED 118 billion compared to AED 114 billion in the corresponding half last year. Imports accounted for AED 60 billion, exports were up 15% to AED 875 million, and re-exports up 8% to AED 57 billion.
China is Dubai’s largest trade partner in IT and telecom market with a share of AED 32 billion, followed [...]