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

Dubai Investment Week 2018 to turn spotlight on investing in future transformations

Dubai Investment Week 2018 to turn spotlight on investing in future transformations

October 3, 2018 UAE Business 0

  • Dubai FDI leads global event set to open in Dubai on October 7
  • Dubai Investments, DMCC & Amanat Holdings among strategic partners
  • Forum highlights Dubai’s proactive approach to keep pace with global changes

Under the patronage of Sheikh Hamdan bin Mohammad bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, Dubai FDI, the investment development agency of Dubai Economy (DED), announced that it is set to convene global investors in Dubai at the upcoming Dubai Investment Week 2018. The major event, which will take place from October 7 to 11, 2018, will explore the future of foreign direct investment (FDI) in light of today’s rapid transformations across the world. Read more

Skyline of Downtown Dubai with Burj Khalifa from a Helicopter. 27 May 2015. Author Tim Reckmann.

Dubai Quality Group announces the Formation of the UAE Innovation Chapter

September 24, 2018 UAE Business 0

  • The UAE Innovation Chapter – first of its kind in the UAE & Middle East formed by DQG

Dubai Quality Group proudly announces the establishment of the UAE Innovation Chapter, in association with Team Power International. The chapter is a first of its kind think tank to be launched in the UAE & the Middle East to connect & build a community of Innovation Experts & Professionals throughout the UAE. Read more

property UAE

UAE runs first intermodal transport under TIR

September 20, 2018 UAE Business 0

The United Arab Emirates is an important trade hub with a robust economy. TIR (atcuae.ae/tir-system) offers huge potential for improving transit connectivity between ports and borders with free zones and integrating them into the global logistics chain. Read more

Fahad Al Gergawi, CEO of Dubai FDI

Dubai FDI embarks on second investment promotion mission to US to strengthen bilateral ties

September 10, 2018 UAE Business 0

  • Delegation to visit Indianapolis & Detroit cities from September 15 to 22, 2018
  • Non-oil trade between US & UAE reached USD 24.28 billion in 2017
  • Over 1,500 American firms registered in UAE
  • More than 50,000 US citizens now living in the UAE
  • US pavilion participation at Expo 2020 Dubai

Dubai FDI, the investment development agency of Dubai Economy (DED), is going on to second investment promotion mission to the United States (US) this month in a bid to further strengthen its bilateral relations with one of the world’s leading economic powers. The high-level mission will visit the cities of Indianapolis and Detroit. Read more