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DUBAI NEWS

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DAFZA Reduces Free Zone Business Set Up Fees By Up To 65%
Dubai Airport Freezone Authority (DAFZA) has reduced business setup cost by up to 65%, as part of its aim to increase DAFZA’s regional competitiveness and activate a number of key sectors by attracting foreign direct investment (FDI).

Dubai Registers Strong 29% Increase In Business Event Bid Wins In H1 2018
Dubai Business Events (DBE), the city’s official convention bureau, has reported strong results for the first half of 2018, with 125 successful bids to host business events, reflecting a 29 per cent increase from the same period last year.

’Apple Pay’ Feature Activated In RTA Dubai App
The Roads and Transport Authority (RTA) in Dubai has launched Apple Pay feature enabling customers using iPhones to process the payment of several fees in a quick and safe environment via RTA Dubai app.

Mohammed Bin Rashid Issues Resolutions Concerning Dubai Free Zones Council, Dubai Judicial Institute
The resolutions will be published in the Official Gazette and are effective as of their issuance date.

Knowledge Fund Freezes Rental Increase On Assets Leased To Investors In Education Sector For Academic Year 2018-2019
In an initiative aimed at supporting the educational institutions and reduce their operational costs, the Chief Executive Officer of the Knowledge Fund in Dubai, Hesham Khalifa Al Qaizi.

Dubai Municipality Initiative Reduces Construction Cost In Dubai By 12%
Dubai Municipality’s new initiative that allows contractors to design and supervise metal structures for industrial projects without appointing consultancy offices has reduced the construction costs by 12 percent and the project licensing period by 33%.

Deyaar Reports First Half 2018 Revenue Of AED314 Million
Deyaar Development PJSC,one of Dubai’s leading property developers and real estate service providers,today announced its financial results for the first half of 2018, ending June 30, 2018, demonstrating that the company had a solid start to the year.

UOWD Researcher Unveils Innovation Elevation Roadmap
Ms Liz Barlow, Head of Business and Management, Palgrave Macmillan,described the project as timely, as it shows how organisations can establish a culture of creativity with global standards.

Project Management Institute Commends DEWA’s Efforts In Enhancing Efficiency Of Projects And Operations Using Streamlined Project Management Processes
The Project Management Institute (PMI) has published a case study on the success of Dubai Electricity and Water Authority (DEWA) in increasing efficiency by implementing streamlined project and portfolio management standards and processes.

GFH Capital Creates Strategic Partnership For The Entertainer
GFH Capital, recognized Investment Management Company ("GFH"), a wholly owned subsidiary of GFH Financial Group B.S.C., today announced its partnership with Al-Futtaim to complete the landmark acquisition of the ENTERTAINER.

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