Cancer is one of the leading causes of premature death in the UAE, second only to heart diseases. According to a leading insurance company in the region, Zurich, between January 2013 and December 2015 - 32% of its life insurance customers who died, suffered from cancer and almost half (49%) of those who filed critical illness claims were battling cancer. According to Gulf news, approximately, 12 new cases of cancer are diagnosed in the UAE every day and out of this at least two or three are of breast cancer.
GCC petrochemical producers should explore new partnership models for collaboration to collectively capitalise on market access, if they are to become a global industry powerhouse, according to Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO.
Landlords in Abu Dhabi are coming under increasing pressure as tenants look for more affordable rental rates against a backdrop of macroeconomic uncertainty, with large units being the most affected tranche, according to the Abu Dhabi Property Review Q3 2016 report from leading real estate consultancy, Asteco.
The UAE seeks to attract more than US$70 billion in industrial investments by 2025 in response to directives from Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, a senior government official said on Monday.
Government revenues from the e-Dirham system during the first nine months of this year stood at AED 5.8 billion. The number of e-Dirham transactions rose by 20 per cent year on year, to reach 15 million transactions during the first nine months of 2016 as compared to around 12.5 million transactions during the same period in 2015, according to the Ministry of Finance (MoF). The number of electronic services carried out through the e-Dirham system during Q1 to Q3 grew by 5.8 percent year on year.
Office rentals continued to slide amidst weakening demand levels, according to the Q3 2016 Abu Dhabi MarketView by global real estate consultancy firm CBRE. This is due to a growing number of businesses considering actions to streamline business operations, including staff reductions, office downsizing, and sub-leasing of excess accommodation. Secondary office rentals continue to slide with a drop of around 2% observed during Q3 2016, which translates into a 9% decline from the same period last year. This trend has been accentuated by a development pipeline that is heavily orientated towards inferior quality products and locations. Shell and Core office units within Grade A accommodations remain priced at an average of AED 1,850/m2/annum. While these rates have been stable in recent quarters, there are signs that market pressures may soon result in deflation of Grade A rentals, although the lack of available high quality office product for lease is helping to insulate performance far better than in the overexposed secondary market.
As business links between Scotland and the Middle East continue to grow, Keith Brown, Scotland’s Cabinet Secretary for Economy, Jobs and Fair Work, is to head one of its biggest delegations to ADIPEC, which will take place from November 7th - 10th, 2016, at the Abu Dhabi National Exhibition Centre, ADNEC.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, asserted that the federal government, led by the UAE President His Highness Khalifa bin Zayed Al Nahyan, continues to achieve the happiness of its people and to ensure security and a decent life for them.
The overall reading of the results of development indices in Q2 2016 reflects higher optimism and confidence amongst consumers and business community in the Emirate's economic conditions, according to a new report, released on Saturday by Studies Directorate of Abu Dhabi Department of Economic Development. This follows the moderate economic growth in Q1 of 2016, while Abu Dhabi and UAE continue their efforts to contain the economic impacts of the international economic developments, especially, the continuous fluctuations in oil markets, the Abu Dhabi's Economic Performance Report for Q2 2016, issued in co-operation with Statistics Centre - Abu Dhabi (SCAD), noted.