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UAE ranks ninth in global list of total exports and re-exports of creative goods industries
UAE has been positioned in ninth place in the global list of total recorded exports and re-exports of creative goods, valued at US$16.1 billion.

International tourism to Dubai hit a record 12% year-to-date growth setting 2017 off on a strong trajectory
Dubai Tourism, reported a 12 percent year-on-year growth over the first two months of 2017, which saw Dubai welcoming just over three million visitors, nearly four times the rate of the previous year.

90% of buildings at Bluewaters undergoing work on facades as the island nears completion
Meraas has revealed construction at Bluewaters is over 75 percent complete. Construction has transitioned from structural work to the distinctive facades on the island in preparation for the handover of the unique Bluewaters residences in Q1, 2018.

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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.

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.

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Aldar Properties To Invest AED 1.9 Billion In Recurring Revenue Assets On Yas And Reem Islands
Aldar Properties PJSC announced further details of its current investment programme.

UAE Central Bank announces M1 increases by 1.9 percent
The UAE Central Bank has announced that the Money Supply aggregate M1 increased by 1.9 percent, from AED479.9 billion at the end of January 2017 to AED488.9 billion at the end of February 2017.

UAE-Germany non-oil trade at $10.9 bln in first 9 months of 2016
Non-oil trade between the UAE and Germany stood at more than US$15.5 billion in 2015, and $10.9 billion in the first nine months of 2016.

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UAE personal loans amount to AED349 billion in February

Total volume of personal loans in the UAE increased to AED 349.9 billion in February 2017, according to a UAE Central Bank report issued on Tuesday, which affirmed the banks’ continual contribution to the overall wellbeing and growth of the economy. By providing personal and corporate finance facilities, as well as creation of jobs, the UAE banks continue to play a dynamic role in establishing a robust economic development process through the mobilisation of financial resources, ensuring the required financing for the support of the national economy and creating the required investments, the report added. 

Abu Dhabi expected to achieve 3.7% economic growth in 2017

Khalifa bin Salem Al Mansouri, Acting Under-Secretary of the Department of Economic Development in Abu Dhabi, is expecting Abu Dhabi’s economy to achieve a growth rate of between 3.5 to 3.7 percent during the current year, in light of the emirate’s ongoing implementation of large projects, an increase in private sector investments and oil price stability.

UAE economy is expected to grow by 4% in 2017

Eng. Sultan bin Saeed Al Mansouri, Minister of Economy, has predicted that the national economy will achieve a growth rate of between 3.5 to 4 percent during the current year amid activity and intensity of the performance of vital economic sectors. He noted this growth will be spurred by the country’s growing investment attractiveness, with a view to achieve numerous accomplishments in national economic indicators. 

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Shurooq Launches Spectacular Eco-Tourism Kalba Kingfisher Lodge
Twenty modern tents with private pools set against stunning natural backdrop.

South Africa’s James Kingston will take a one stroke lead into the final round of the Sharjah Senior Golf Masters presented by Shurooq

Student project on smart utility metres wins top prize at Middle East Electricity Awards 2017
Students from American University of Sharjah (AUS) have developed a ’smart utility metre reader’ that allows home owners and utility companies to check the status of meters anytime and anywhere.

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Dubaiís Growing Commodity Trading Will Boost the UAE Economy

Commodity trading in Dubai has continued to grow in the past few years, providing a positive effect upon the wider UAE economy. Trading data released by the Dubai Gold and Commodities Exchange (DGCX) showed that the average daily volumes (ADV) rose again throughout February 2017, with the exchange’s product suite hitting record highs of 62,844 contracts in the month. Such a boost continues to push Dubai and the UAE forward as a financial powerhouse thanks to various factors aiding its economy to grow.

Outstanding High Octane Finals at Sharjah Sports Desert Festival 2017

Some of the most successful and experienced desert and safari motorsports competitors from across three continents rounded off the first ever Sharjah Sports Desert Festival 2017 (SSDF), at Al Badayer desert with a series of intense off-road battles to take the inaugural titles of ‘Desert Heroes’. 

5 UAE-based Designers Part of the ’Collect’ Showcase in London

The 13th edition of Collect, a leading international art fair for contemporary objects, has returned to the Saatchi Gallery in London, and is hosting a dynamic showcase of some of the best museum-quality crafts and textiles by established and emerging artists from around the world, between 2 to 6 February. 

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