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Dubai Economy Holds steady in Q2 2019 According to Consumer Confidence Index

27 Oct 2019

Consumers 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 points in the second quarter of 2019, a marginal decline of one point over the previous quarter, as 87 percent of the... Read More

DAFZA contributes 12% to Dubai’s foreign trade in first half of 2019

16 Oct 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 of its plans to enhance its role in Dubai and to establish its presence amongst the free zones as one of the most developed,... Read More

Russia keen on filling UAE’s food import demand, say experts

13 Oct 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 in this sector and others with the opening of a Trade Representative office at the Russian Embassy in Abu Dhabi in 2017, and the inauguration of the Russian Food... Read More

DMCC, Dubai FDI to promote UAE-China trade ties

08 Oct 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 of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council.

Taking place at the... Read More

Dubai Land Department organises real estate developer gathering in preparation for MIPIM France 2020

06 Oct 2019

Dubai Land Department (DLD), organised a gathering of real estate developers, in collaboration with Reed MIDEM SAS, to participate in the 31st edition of MIPIM France on 10 – 13 March 2020 under the theme ‘The Future is MIPIM.’ The meetup was held under the theme ‘Dubai at MIPIM,’ and encourages real estate developers to join Dubai’s delegation at the world-renowned real estate exhibition under the umbrella of DLD to represent the Emirate and provide a bright picture of its real estate... Read More

10,000 UAE merchant terminals to accept UnionPay QR Code Payment Service

03 Oct 2019

Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has signed an agreement with UnionPay International on the acceptance of QR code-based payment services.

The agreement signed by Han Wang, General Manager of UnionPay International Middle East, and Samer Soliman, Managing Director – Middle East, Network International, in the presence of SHAO Fujun, Chairman of China UnionPay, and Simon Haslam, Group CEO of Network... Read More

Sobha Realty Posts Record Sales of AED500 million for Q1 2019

07 Apr 2019

Dubai-UAE: Sobha Realty, the leading premium real estate developer, registered a record AED500 million in sales bookings for Q1 2019.

Highlighting the strong investor interest in Sobha Realty’s residential launches, the company’s sales from January to March 2019 are 33 per cent over the target of AED375 million per quarter.

Last year, Sobha Realty announced its intention of generating up to AED1.5 billion (US$408.4 million) in turnover in 2019,... Read More

Two-Day Event in Dubai Celebrating 50 Years of Azimut Yachts

07 Mar 2019

Dubai hosted the events organised to celebrate the 50th anniversary of Azimut Yachts, a two-day celebration dedicated to Italian taste and style, organized for Azimut Yachts Owners in the Gulf region.

The presence of the brand in Dubai continued at the 27th edition of the Dubai International Boat Show, where some of the most representative models were on show, including Azimut Grande 25 Metri and Azimut S7, an absolute première for the Middle East.

The Bulgari Yacht Club &... Read More

Gulf Craft reveals its strategic vision with six global premieres

27 Feb 2019

Dubai – Gulf Craft, the Emirates pioneer builder of luxury yachts and leisure boats arrives at the 27th edition of the Dubai International Boat Show with a fleet of 12 vessels.

The triple-deck Majesty 140, the biggest superyacht in Gulf Craft's collection for this year's show is a masterpiece that will capture all the attention. The award-winning Majesty 100, famed for her sky-lounge deck, will also be on display along with the owner-managed Majesty 62.

Mohammed Bin Rashid Al Maktoum City, District One Celebrates the Chinese New Year in Style

11 Feb 2019

The 45 million sq. ft. master plan development, and a part of the master development Meydan - Mohammed Bin Rashid Al Maktoum City, District One celebrated the Chinese New Year in style in District One Sales Centre. This was attended by Senior Management of Meydan Group, dignitaries and Senior Management of Mohammed Bin Rashid Al Maktoum City, District One, media representatives, Chinese customers and brokers, and other prominent guests in an event full of entertainment and activities.