As part of the ministry’s priority to increase health awareness and education to the community, several activities and programs were conducted, in conjunction with the world health organization where five emirates in the UAE (Dubai, Sharjah, Ajman, Ras Al Khaimah and Fujairah) were participated in the WHO initiative for “1000 Cities 1000 Lives” which seeks to open up public spaces to health, e.g. activities in parks, clean-up campaigns or closing off portions of streets to motorized vehicles, as well as to collect 1000 stories of urban health champions who have taken action and had a significant impact on health in their cities.
His Excellency Sami Al Qamzi, Director General of Dubai Economy, has emphasises the role of the Commercial Compliance & Consumer Protection (CCCP) sector in promoting the emirate as a competitive business hub, adding that the sector has contributed significantly to educating traders as well as consumers about their respective rights and responsibilities while establishing itself as the competent authority to deal with consumer complaints and commercial disputes.
SHUAA Capital, the UAE’s premier financial services firm, has been selected as Lead Manager and Underwriter for Dar Al Takaful’s proposed rights issue. The Dubai Financial Market-listed Islamic insurer recently announced plans to raise AED 50 million through a rights issue. Proceeds will be used to maintain Dar Al Takaful’s capital requirements, strengthen its balance sheet and support its growth plans. The issue, starting from 20th April 2017 will have National Bank of Abu Dhabi acting as the Receiving Bank.
Hussain Sajwani, Founder, Chairman and CEO of DAMAC Properties, a leading luxury real estate developer in the region, took first place amongst real estate CEOs and ranked number 11 on the list of 100 regional CEOs in the Top CEO Awards 2017, held in Jeddah recently. Organised by TRENDS magazine in conjunction with INSEAD business school, the Top CEO Awards 2017 paid tribute to 100 business leaders whose efforts toward the success of their organisations are instrumental in the continued growth of the GCC and have excelled in the field of leadership.
Trade between the UAE and Saudi Arabia currently accounts for AED84 billion, while the total value of Emirati projects in Saudi Arabia is estimated at AED15 billion, according to Sultan bin Saeed Al Mansouri, Minister of Economy. "The UAE and Saudi Arabia enjoy huge export potential and are the two biggest economies in the Arab world, with a combined Gross National Product of US$2 trillion," he said.
Dubai is a metropolitan city globally famous for its luxury and lavish standard of living. The city has gained popularity which is constantly increasing day by day since the discovery of oil. The city is also famous for the tallest building, fantastic beaches, and luxury yachts just to name a few. The best part is that you can own a yacht for some time in Dubai and explore the beautiful warm waters and the astounding coastline.
Dubai International Academic City, DIAC, this week marked 10 years of growth and achievements in the field of higher education, attributing its success to attracting academic partners focused on providing high-impact education. With the highest concentration of International Branch Campuses, IBC’s, in the world, and a plethora of opportunities and state-of-the-art facilities, Dubai has emerged as a world class education hub for domestic and overseas students seeking international experience from reputed universities from around the world.
In 2017 and 2018, liquidity pressures in the Arab oil-exporting countries are expected to ease in light of the anticipated rise in oil prices, which will support the level of deposits and provide an opportunity to channel greater credit to non-oil sectors to increase output and economic diversification levels, the Arab Monetary Fund (AMF) predicted in its latest report, released on Wednesday.
Back in 2013, banking giant HSBC commissioned a global study to explore the crippling failure to save for retirement. Taking in 15,000 respondents across the UK, Europe and the U.S., the results were staggering, as they revealed that while the average retirement lasted for 18 years the typical pensioner was only able to provide financial coverage for 10.
Dubai is one of the most loved tourist destinations of people from all over the world. The way the city transformed itself from a desert into a metropolitan after the discovery of oil is commendable. The city has some the best architectural marvels of the modern world. Dubai is famous for its desert, sea the Burj Khalifa and a lot more. People take a break from their busy life and work to enjoy some time either with friends, family or even solo.
