Investment flows to UAE expected to go up by 20 percent in 2019 due to new FDI law

April 7, 2019 UAE Business 0
  • Country’s non-oil GDP forecasted to grow 3.4 per cent this year
  • High-level UAE representatives to tackle new law at Annual Investment Meeting 2019  

The UAE Government’s enactment of the foreign direct investment (FDI) law in 2018 is seen to help accelerate FDI flows by up to 20 percent this year, from the eight percent average growth rate, as per the recent estimates of the Ministry of Economy. The landmark law is predicted to further strengthen the already business-friendly climate in the country. Read more

UAE Business Magazine

Increasing quality at the product and process levels

April 3, 2019 UAE Business 0

Solutions provider Eplan has already been offering cloud-based systems for a while. Eplan Data Portal is established worldwide as a manufacturer library for downloading device data. Since early 2019, Eplan eView has expanded the range of solutions with which ECAD projects can be viewed, verified and commented on using a redlining workflow. With Eplan ePulse, the company’s course towards agile cloud development is now being systematically continued in dialogue with customers and partners. Read more

UAE Business Magazine

Middle East and North Africa Insurance Ratings: Benchmarking

March 6, 2019 UAE Business 0

The Middle East and North Africa (MENA) insurance markets have seen robust growth over the last decade, according to a new report by AM Best. However, in recent years, the region’s economic growth has slowed, attributable largely to the global economic slowdown and the lower price of oil, the commodity on which these markets depend for infrastructure spending. Read more

Nine companies were awarded winner trophies at the UAE Innovation Award Ceremony 2nd cycle

Nine companies were awarded winner trophies at the UAE Innovation Award Ceremony 2nd cycle.

March 3, 2019 UAE Business 0

  • The 4 star winners are Dubai Taxi Corporation, Global Food Industries LLC and SAP MENA
  • The 3 star winners are Abu Dhabi Health Services Company – SEHA, ASGC Construction LLC, Emirates NBD and Mashreq Bank
  • The 2 star winners are British Orchard Nursery and Tafkeer – Institute of Vocation Innovation

Under the patronage of H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive of Emirates Airline & Group, the UAE Innovation Chapter under Dubai Quality Group announced 9 winners of the UAE Innovation Award 2018 on 27th February 2019, where Ali Ibrahim, Deputy Director General of Dubai Economy, Eng. Hassan Omar – Chairman of Dubai Quality Group and Fatma Buti Al Mheiri – Chair of UAE Innovation Chapter, Dubai Quality Group recognized the winners and appreciated the award sponsors and partners. Read more

UAE Business Magazine

AM Best Revises Outlook to Stable for GCC Market

February 27, 2019 UAE Business 0

LONDON — AM Best has revised its outlook on the insurance markets of the Gulf Cooperation Council (GCC) to stable from negative. Key factors supporting the outlook include the settling down of geo-political risks, limited disruption caused by the implementation of value-added tax, advances in risk management and improved regulatory sophistication across the region, continually strong capital buffers and extensive reinsurance support. Read more