Enchanting Dubai - Top 3 Family Activities
Dubai has a massive expat population and this comes as no surprise because the economic attractiveness of the city has skyrocketed in the past few decades. There are immigrants coming from all over the world such as India, Pakistan, Bangladesh, the U.S., and several countries from Europe. Around 90 percent of UAE’s workforce are immigrants.
Dubai economy continues to show growing buoyancy despite challenges
The Emirate of Dubai continues to show growing levels of buoyancy in different business sectors, boasting growing demand and increasing returns thanks to its highly sophisticated industrial base and rising foreign investment quotas for its property and financial markets. The impressive economic success story, according to recent business reports, is attributed to a number of factors, primarily well-thought out planning that carefully takes into consideration recovery and deceleration circumstances, application of best practices and optimum utilisation of resources.
6 Grey Swans that could cast a shadow on 2017
The Arab Strategy Forum has predicted six political and economic ‘Grey Swan’ events that have a high likelihood of occurring in 2017, said Director of the Forum, Suha Al Aleeli. The forum’s latest report, Al Aleeli added, establishes a scientific account of six unexpected events that could take place this year. The author outlines consequences of these events and their potential regional and international impact, she noted. The report noted that these ‘Grey Swans’ include a cyber attack that cripples the global economy, where countries rapidly resort to methods to protect their e-systems and national security and a global trade war that is triggered as the world enters a global trade recession, where countries are likely to use protectionism to protect their own workers and industry.
DED launches ’e-Trader’ to license business activities across social networking accounts
The Business Registration & Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, has launched ‘e-Trader,’ a first-of-its-kind initiative in the region, which will allow Emiratis and GCC citizens in Dubai to conduct business activities on social networking sites. The initiative is part of enhancing transparency and regulating the practice of offering products and services for sale on social media.
Dubai Properties Versatile 22,000+ Unit Residential Leasehold Portfolio responds to Dubai Market Dynamics
Dubai Properties, a leading Dubai-based real estate master developer and asset manager’s leasehold portfolio continues to address market demand through its wide ranging built-to-lease communities comprising more than 22,700 residential units. DP’s broad leasehold inventory ranges from family-friendly and affordable communities to staff accommodation and built-to-suit residences, all of which strategically fulfil the needs of the Emirate’s residential property market. DP serves the residential leasehold demand across the Emirate through new and innovative projects that are self-sufficient, holistic, and in-line with the design and infrastructure needs of an ever-evolving community. A contemporary approach to real estate solutions, including community and facilities management capabilities, along with a culture of service, have cemented DP’s leading position in the leasehold segment.
Jumeirah Golf Estates recognized as Best Residential & Leisure Destination 2017
Jumeirah Golf Estates has been honoured as the Best Residential & Leisure Destination 2017 by the UAE Business Awards, hosted by MEA Markets Magazine. The MEA Markets Magazine awards recognize and reward the work done by the Middle East and Africa’s most talented, dedicated and experienced businesses, departments and individuals. The leading residential golf development was awarded by the international publication solely upon merit, citing its contribution towards providing some of the best products and services in one of the largest influential business regions from across the globe.
Dubai Gold Hits 3-Month High, But What Does This Mean for Forex Traders?
Last week, the financial market took a surprising turn as the price of spot gold hit a three-month high in the burgeoning Dubai marketplace. This was an unexpected shift in sentiment occurred amid rising global uncertainty, while it was also contradictory to the bearish trend predicted for gold during 2017.
UAE sees AED128.7 billion of non-oil exports till September 2016
The value of national non-oil commodity exports in the UAE increased around AED6.9 billion during the first 9 months of 2016, totalling AED128.7 billion, an increase of 5.6 percent from the same period in 2015, which totalled AED121.8 billion, according to the results of the country’s foreign trade statistics that were announced by the Federal Competitiveness and Statistics Authority. According to the result, the total value of the UAE’s foreign trade during the first nine months of 2016 reached around AED813.7 billion, compared to AED791.6 billion for the same period in 2015, an increase of AED22.1 billion or 2.8 percent.
13th International Property Show 2017 to focus on investor programmes for global residence, citizenship
With the world becoming a local destination, many countries are now opening their doors to residency and citizenship by investment. Europe, with its vast and improving economy is a promising part of the world where opportunities to obtain a second passport are booming. In an endeavour to provide realty buyers personal and professional freedom, the 13th edition of the International Property Show (IPS) will focus on investor programmes for global residence and citizenship.
DED closes down 8,894 social network accounts for peddling counterfeits
The Commercial Compliance & Consumer Protection (CCCP) sector in the Department of Economic Development (DED), Dubai, ordered closure of 8,894 social networking accounts that were used to peddle counterfeit goods in 2016. The crackdown was part of protecting trademarks and eliminating practices that are harmful to e-commerce and the sustainability of businesses in Dubai. The Electronic Compliance section in CCCP tracked the fraud and closed down the accounts in collaboration with owners and representatives of the brands that were subject to the infringement. Together the accounts were found to have over 94.5 million followers and 80% were Instagram accounts although other platforms including Facebook and Twitter were also used by the violators.
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