Economy and Business
Dubai-China trade posts 81% growth
Wednesday, November 13, 2019Ahmed Mahboob Musabih, Director-General of Dubai Customs, discussed means of boosting cooperation between Dubai and China with representatives of more than 20 Chinese companies headed by the Chinese Consul-General to Dubai, Li Xuhang. The visitors were briefed on the experience of Dubai Customs in developing and sustaining customs systems and the international supply chain. The… Untitled
Alibaba’s online retail blitz known as Singles Day has pulled in $24 billion so far, China’s biggest e-commerce company said on Monday.
Monday, November 11, 2019The event regularly racks up bigger sales than Black Friday and Cyber Monday combined — and with more than half a day left in the shopping extravaganza, Alibaba (BABA) appears to be on track to surpass last year’s $30 billion haul. During Singles Day pre-sales, which kicked off three weeks ago, Estée Lauder (EL) raked… Untitled
Investcorp, China Everbright enhance collaboration for investments in Greater China technology sector
Thursday, November 7, 2019Investcorp, the Bahrain-based alternative investment manager, and China Everbright Limited, a Hong Kong-based alternative investment firm, announced today a new milestone in their existing partnership by combining their investment teams investing in the Chinese technology sector. The combined team and investment committee will jointly manage the China Everbright New Economy Fund I. In addition, Investcorp… Untitled
Saudi Aramco announces intention to offer IPOs on domestic stock market
Sunday, November 3, 2019Saudi Aramco, the world’s largest integrated oil and gas company, wholly owned by the Government of the Kingdom of Saudi Arabia, on Sunday announced its intention to proceed with an initial public offering (IPO) on Riyadh’s Tadawul Stock Exchange. The Government intends to sell a portion of its shares in Saudi Aramco, said a press… Untitled
Millennium & Copthorne Makkah Al Naseem collaborate SCTH
Thursday, October 31, 2019Aligning with the Saudi Vision 2030 and aspirations to develop leadership skills for employees and young students, SCTH “Saudi Commission for Tourism and National Heritage visited Copthorne & Millennium Makkah Al Naseem on 13th October to activate its initiative “Ektashef ElMehan Fi ElAnshitah ElSeyahyia”, in Arabic “Discover Professions in Tourism”. Aimed at exploring leadership skills… Untitled
The 10th edition Women in Leadership Economic Forum Kicks off
Monday, October 28, 2019The 10th Anniversary Edition of the Women in Leadership (WIL) Economic Forum by Naseba opened today at the Address Sky View Hotel in Dubai under the theme, ‘Daring to Build a Better Future’. The 2-day forum is the largest female economic empowerment platform in the Middle East and brings together leading regional and international organisations such as Siemens,… Untitled
Dubai Economy Holds steady in Q2 2019 According to Consumer Confidence Index
Sunday, October 27, 2019Consumers in Dubai remain upbeat on the overall economy in the emirate and their personal finances with optimism largely stemming from anticipated improvement across tourism, trading and employment. Nationals as well as expatriates shared a bright outlook in the quarterly consumer confidence survey of Dubai Economy and the overall Consumer Confidence Index stood at 139… Untitled
DAFZA contributes 12% to Dubai’s foreign trade in first half of 2019
Wednesday, October 16, 2019(WAM) Dubai Airport Freezone Authority, DAFZA, has further established itself as a global facilitator for business growth and prosperity and a vital engine for Dubai’s economy following the announcement of its half year results for 2019. DAFZA’s contribution to Dubai’s foreign trade reached 12 percent in the first half of the year, confirming the success… Untitled
Russia keen on filling UAE’s food import demand, say experts
Saturday, October 12, 2019(WAM) — Russia is looking to increase its agricultural exports to the UAE, in a bid to take advantage of the UAE’s highly receptive and rapidly growing market for food products, say Emirati and Russian trade officials. Over the past few years, Russia has made several steps towards enhancing its business presence in the UAE… Untitled
DMCC, Dubai FDI to promote UAE-China trade ties
Tuesday, October 8, 2019(WAM) — DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, partnered with Dubai FDI to host a forum today under the theme, ‘Advancing the Dubai-China Relationship Through Trade’, as part of the fifth edition of the Dubai Investment Week 2019. The week was held under the patronage… Untitled
