The fourth Maritime Standard Ship Finance and Trade Conference, held at Abu Dhabi’s Sheraton Hotel and Resort, was in many ways very different from the preceding three events in this increasingly popular series. While in other years the sense of challenge and adversity was dominant, this year speakers at the one-day conference were generally much more optimistic and upbeat about market prospects, although a number of potential hazards on the road to full recovery were also much in evidence.
Rexton Technologies officially inaugurated its new facilities with a ribbon-cutting ceremony held by H.E. Abdallah Sultan Al Owais, Chairman of Sharjah Chamber of Commerce & Industry and H.E. Saud Salim Al Mazrouei, Director of Saif Zone & Hamriyah Freezone with Lalu Samuel, CMD of Kingston Holdings & Rexton Technologies in the presence of H.E. Paul Kavanagh, the Ambassador of Ireland to UAE & H.E. Nimisha Jayant Madhvani, the Ambassador of Uganda to UAE, Representative of the Australian Consulate & Indian Consulate, a number of high level Sharjah Government officials, Dignitaries, JV partners from UK, Hong Kong & Distributors all over Middle East & Africa.
UAE attracts US$10.3 bn FDI in 2017
Al Rayyan promises investors an ‘affordable luxury’ with the opportunity to live, work, shop or play in its premises as an assurance of ‘distinction delivered’.
Bal Krishen, CEO at Century Financial
Start-up airline bids to raise up to US$1.29 million in capital via Dubai-based Eureeca.com as it eyes 2018 launch
Ken Research announced its latest publication on Middle East Theme Park Market Outlook to 2021, suggested that International theme parks, improved technology and safety in the amusement parks are attracting large number of tourists, generating high revenue for the market
Investors in Dubai have a good interest investing in the UK. As the UK experiences depreciation following effecting Article 50, will Dubai investors look into investing in the UK as the GBP depreciates as a result of Brexit? Following the Brexit referendum last year, there has been a 16 per cent fall in the value of commercial real estate in the UK. Head of residential at JLL MENA mentioned that “In the Middle East, we find that Gulf-based investors and owner-occupiers have always had a tremendous affinity for the UK as a place to invest and to spend time. The capital largely flows into London from these potential investors, but there has been increasing interest in cities such as Birmingham and Manchester in the last couple of years.”
The recent immigration ban has caused a lot of startups and large tech companies in the US to rethink their strategies. It is more difficult to get existing talent – those who already have a valid visa and a job in a US-based company – back after they leave the country. Trying to bring in new talent is even more difficult.