Business

Dubai Exports taps new markets in Russia, Brazil and Germany

28 Apr 2015

Presence in Russia, Brazil and Germany will help entities explore opportunities.

Dubai — Dubai Exports, the export promotion agency of the Department of Economic Development (DED) in Dubai, recently opened its overseas offices in Brazil, Russia and Germany as part of its strategic plan to link local companies to key export markets and in line with the directives of the Economic Development Committee of the Dubai Executive Council to enhance the emirate’s bilateral trade.

The... Read More

Dubai Safari Park project to be completed next year

28 Apr 2015

The Safari Dubai Park project is 30% complete

Dubai: Dubai Safari, the long-awaited upcoming zoo park, is 30 per cent complete and expected to open in the third quarter of 2016, an official said on Saturday.

Hussain Lootah, Dubai Municipality Director-General, said on Saturday that the massive Dh1 billion project will cover 119 hectares of land.

Dubai Safari, coming up in Al Warqa’a area, will replace the existing decades-old Dubai Zoo.

The plan to relocate... Read More

Record passenger traffic at Abu Dhabi Int’l Airport, up 21.1 per cent

28 Apr 2015

In the first quarter of 2015, a total of 5,521,110 passengers used Abu Dhabi International Airport, compared with 4,560,169 passengers in Q1 of 2014.

Abu Dhabi Airports has reported a 21.1 per cent increase in passenger traffic during the first quarter of 2015 at Abu Dhabi International Airport, compared to Q1 2014.

In the first quarter of 2015, a total of 5,521,110 passengers used Abu Dhabi International Airport, compared with 4,560,169 passengers in first quarter of 2014, a... Read More

Express service for Abu Dhabi entrepreneurs with trade licence issued in 10 minutes

28 Apr 2015

Entrepreurs looking to open new businesses in Abu Dhabi can now get their trade licence in just 10 minutes.

The Abu Dhabi Department of Economic Development said that this would improve the competitiveness of the emirate, attract more investment and reduce administrative procedures.

The instant licensing system follows a range of electronic services the DED has introduced that can be offered via smart devices.

This would also help to keep pace with development in Abu... Read More

Decree issued by Shaikh Mohammed exempts businesses, whose licence expired before 2012, from the imposed fines if they apply for licence cancellation

26 Apr 2015

Dubai - The Government of Dubai announced on Tuesday that it would slash fines imposed on businesses in the emirate as part of an on-going drive to further enhance confidence among businesses and investors.

His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued Decree No (10) of 2015 that “aims to encourage businesses to rectify their status by cancelling or renewing their licences, update their information in the... Read More

Dubai Parks and Resorts, Merlin to build Legoland Water Park

26 Apr 2015

Scheduled to open next year, Legoland Water Park will be a new addition to the wider Legoland Dubai theme park, which is already in development.

Dubai — Dubai Parks and Resorts, in conjunction with UK-based Merlin Entertainments, the world’s second-largest visitor attraction operator and an FTSE 100 company, has unveiled the latest addition to its line-up, Legoland Water Park

Scheduled to open next year, Legoland Water Park will be a new addition to the wider Legoland Dubai... Read More

Abu Dhabi to invest over $25 billion in offshore oilfields

26 Apr 2015

Abu Dhabi — Abu Dhabi plans to invest over $25 billion in the next five years on boosting its oil production capacity from offshore fields, a senior official of Abu Dhabi National Oil Company, or Adnoc, said on Tuesday.

The plan is part of the UAE’s strategy of increasing its crude oil output potential to 3.5 million barrels per day by 2017-18. The UAE’s actual current production is around 2.8 million bpd.

“We want to build capacity from production and from number of wells and... Read More

Dubai Airports wins Most Supportive Approach to Travel-Retail category at DFNI Global Awards

26 Apr 2015

Dubai Airports was named as the Airport Authority with the Most Supportive Approach to Travel-Retail at this year’s DFNI Global Awards for Travel-Retail Excellence held in London on Friday evening.

 The award was decided based on the votes received from travel executives from across the globe. Dubai Airports faced stiff competition from highly respected airports operators Changi Airport Authority and Hong Kong International airport.

 "The award reflects Dubai Airports’ efforts... Read More

Saif bin Zayed Meets with President of Uzbekistan

23 Apr 2015

21st April, 2015 (WAM) - During a friendly visit to the Republic of Uzbekistan, Lt. General HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, met with Islam Karimov, President of the Republic of Uzbekistan at the president’s palace in Tashkent, on Monday.

During the meeting, both parties discussed bilateral cooperation between the two friendly countries; and in a bid to enhance opportunities for joint cooperation, they additionally discussed ways to... Read More

Russian IT company ABBYY to open regional head office in Dubai

23 Apr 2015

Local subsidiary to focus on business and partner development in Middle East

Russia-based ABBYY Group, a provider of optical character recognition, document recognition and data capture software solutions, has revealed that it's readying to open a regional head office to be based in Dubai, Channel Middle East has learnt.

The head office, expected to be operational later this month will address the vendor's business in the Middle East and Africa (MEA).

According to ABBYY... Read More

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