Business News

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RAK’s tourism sector continues to grow

The tourism sector in Ras Al Khaimah is continuing to show steady growth, with hotel occupancy rates close to 75 per cent. That’s compared to 62 per cent in 2015, according to Haitham Mattar, CEO at the RAK Tourism Development Authority. The emirate has many projects to further boost its tourism sector, including the development […]     Read More
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UAE economy to grow by 3.3%, says report

Economic growth in the UAE and across the Middle East is expected to pick up again. That’s according to a new report by the Institute of Chartered Accountants in England and Wales (ICAEW), which forecasts the UAE’s GDP to grow by 3.3 per cent in 2018 and 3.6 per cent in 2019. The Middle East as […]     Read More
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Seven new spots in UAE where you can get free WiFi

More free WiFi spots have been rolled out across the UAE, including two in Dubai.  WiFi UAE, which targets high footfall areas, has added free wifi to seven new sites that include Remal Mall and Jimi Mall in Al Ain, Al Shaab Village Mall in Sharjah, Times Square Centre and Dubai Marina Walk in Dubai, […]     Read More
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Enoc to build largest fully-fledged service station in RAK

ENOC Group, in collaboration with the General Resources Authority (GRA) in Ras Al Khaimah, announced its plans to build the largest comprehensive retail outlet in the emirate. The agreement comes in line with the Group’s commitment to further expand its footprint across the UAE. Also known as the RAK Auto Village, the new project will […]     Read More
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Dubai’s electricity and water projects to lead to massive savings

Electricity and water projects in Dubai will reduce carbon emissions by 235 million tonnes and lead to cumulative savings of up to AED 70 billion by 2030. That’s according to the Managing Director and CEO of the Dubai Electricity And Water Authority, Saeed Mohammed Ahmed Al Tayer. Speaking at the Dubai International Project Management Forum, […]     Read More
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UAE and Australia to develop economic ties

The UAE is looking to accelerate its economic cooperation with Australia. It’s as Sultan bin Saeed Al Mansouri, the UAE’s Minister of Economy, met with Australian government officials and business leaders at a forum in Melbourne. They discussed signing a series of Memorandum of Understandings between the nations, with a focus on the areas of […]     Read More
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UAE banks asset value reaches AED 2.6 trillion

The UAE’s banking system continues to lead the way regionally in asset performance. Statistics released by the UAE Central Bank show that the asset value of the country’s banks amounted to around AED 2.6 trillion by the end of September. Saudi Arabia’s banking system was placed second at AED 2.2 trillion, whilst Kuwait’s value stood […]     Read More
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New mega marina to host 5,000 yachts in Dubai

Sheikh Mansour bin Mohammed bin Rashid Al Maktoum inaugurated the new “Marinas” at the Mina Rashid Marina, which will harbour 5,000 yachts. The project, carried out by P&O, part of DP World, stretches over 13 square km and features a number of facilities including an integrated entertainment city called Marina Cube. In the next few […]     Read More
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UAE ranks 25th in global talent ranking

The UAE has ranked 25th globally in the latest IMD World Talent Ranking 2017 report – that’s up two places from last year. The Emirates ranked third when it came to “appeal”, and the seventh on the “readiness” scale. First, second and third places were awarded to Switzerland, Denmark and Belgium respectively. The IMD World Talent Ranking […]     Read More
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