Dubai and Hong Kong trade and investment networks forge stronger ties in latest agreements

Dubai and Hong Kong trade and investment networks forge stronger ties in latest agreements

March 14, 2019 UAE Business 0
  • MoU signed between Dubai FDI and HKTDC to boost cooperation on Belt & Road Initiative
  • Roundtable discussion held with various DED agencies aimed at enhancing collaboration on future projects
  • Dubai Exports renew strategic collaboration with HKTDC
  • FDI capital inflow from Hong Kong from 2015 to 2018 reach US$75 million (AED 275 m)
  • Real estate, rental and leasing comprise 40%of HK’s FDI capital flows to Dubai

12 March 2019: In line with the efforts to intensify investment and economic relations between two leading global business hubs, top level officials from the Department of Economic Development (DED) in Dubai and Hong Kong Trade and Development Council (HKTDC) have signed new agreements during a strategic meeting, which was held recently in Dubai. The signing ceremonies were followed by a roundtable discussion led by DED and its agencies Dubai FDI, Dubai Exports and Dubai SME. 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

Emirates Development Bank launches AED 100 million ‘Credit Guarantee Scheme’ for SMEs in coordination with partner banks and the UAE Banks Federation

Emirates Development Bank launches AED 100 million ‘Credit Guarantee Scheme’ for SMEs in coordination with partner banks and the UAE Banks Federation

February 4, 2019 UAE Business 0

Emirates Development Bank (EDB) held a signing ceremony on February 4th in the presence of H.E. Obaid Humaid El Tayer, Minister of State for Financial Affairs and Chairman of Emirates Development Bank, and members of the EDB Board of Directors for the launch of the new Credit Guarantee Scheme, amounting to AED 100 million in support of SMEs. Read more

Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade

With US $70 billion non-oil trade with UAE by 2020. China looking to expand its investment through participation in Annual Investment Meeting

January 31, 2019 UAE Business 0

The United Arab Emirates has managed to achieve a qualitative leap in its economy during the recent years due to the adoption of forward-looking strategy and in anticipation of strategic plans for the future. This move has strengthened UAE’s position on the map of world economy. Read more

UAE Business Magazine

Best’s Special Report: Cash Collection Remains Problematic for Insurers in the United Arab Emirates

January 15, 2019 UAE Business 0

LONDON — The challenges faced by insurers in the United Arab Emirates (UAE) in relation to insurance debtors can apply additional pressure on already distressed technical margins, according to a new report by AM Best.
In the Best’s Special Report, titled, “Cash Collection Remains Problematic for Insurers in the United Arab Emirates,” AM Best notes that while average insurance debtor days for listed UAE-national insurers has showed an improving trend, they were well above the average for the Middle East and North Africa (MENA) region. Read more

Facilio

Facilio: Reimagining the facilities experience

January 10, 2019 UAE Business 0

Dubai’s and the region’s Smart City & Sustainability aspirations are driving an emphasis on identifying opportunities to embrace innovation. Facilio – a start up headquartered in Atlanta USA, and with operations across Middle East and India, has been steadily creating a reputation for its Artificial Intelligence, Machine Learning and IoT based approach to facilities management, helping buildings operate better, increasing their energy efficiency and enhancing livability. We spoke to Founder and CEO Prabhu Ramachandran to gain an insight into the company’s approach. Read more

Dubai FDI boosts economic & investment ties with India

January 8, 2019 UAE Business 0
  • Investment flows from India to Dubai reach AED 6.12 billion in three years with a total of 109 projects
  • 2018 FDI capital inflows to Dubai touch AED 3.71bn in a total of 31 projects
  • India is Dubai’s 2nd largest investor in FDI capital and 4th largest in FDI projects during first nine months of 2018
  • Visit to Bengaluru & Chennai explores new partnership opportunities in Expo 2020, global trade, startups & real estate

Dubai’s leading business entities in trade and investment, real estate and startup development comprising more than 80 companies visited India recently as part of a delegation led by Dubai Investment Development Agency (Dubai FDI), the investment development agency of Dubai Economy (DED) and organized by key partner Musthafa & Almana. The delegation held seminars and meetings in Bengaluru and Chennai, in line with Dubai FDI’s investment promotion mission aimed at strengthening economic and investment collaboration with strategic cities around the world. Read more

Dubai FDI showcases Dubai’s strategic advantages in Spain

Dubai FDI showcases Dubai’s strategic advantages in Spain

December 17, 2018 UAE Business 0
  • Investments in Dubai predicted to reach up to USD 800 million in 2018
  • Spanish investors show strong interest in the construction, technology and equipment sectors in Dubai
  • Previous investments focused on tourism reached USD 500 million this year

 In a bid to further boost Dubai’s strong investment and trade relations with Spain, the Dubai Investment Development Agency (Dubai FDI), the investment development agency of Dubai Economy (DED), recently held a strategic meeting with major industries and key investors at the Circulo Ecuestre in Barcelona, Spain in collaboration with Senda International Company. The meeting formed part of Dubai FDI’s efforts to showcase Dubai’s competitive edge to attract international investors and boost the emirate’s socio-economic development. Read more

Hardox® wear plate supports UAE Vision 2021 To become a world leader in road quality and infrastructure

Hardox® wear plate supports UAE Vision 2021 To become a world leader in road quality and infrastructure

October 16, 2018 UAE Business 0

SSAB, a producer of leading special steel brand Hardox® wear plate, confirmed its commitment to safety and responsibility at the Global Road & Traffic Safety Forum held in Abu Dhabi in late September. Road safety is an important topic, and SSAB has been working with municipalities throughout the UAE as well as many government and private institutions through superstructure bodybuilders for two decades. Read more