Local News

  Abu Dhabi / Emirates Business Abu Dhabi’s macro economy saw robust performance in Q1 of 2016, reflecting continuous good growth rates at the end of 2015. Latest estimates issued by SCAD indicate that the GDP of Abu Dhabi, at the fixed prices, reached AED 196.1 billion in Q4 of 2015 with a growth rate of 7.7%, compared to the ...

  Dubai / Emirates Business Imdaad has been named this year’s recipient of the “IMA ME Finance Team of the Year Award.” Through this award, IMA identifies and honors the contribution of finance teams in the overall success of their organizations based on the foundations of outstanding performance, management accounting excellence, business partnering and innovation. The recognition is awarded to ...

  Dubai / Emirates Business In line with the recent trend, the UAE’s non-oil private sector expanded at a steady pace in June. Higher output and new orders were key factors behind the overall improvement in business conditions. That said, the respective rates of growth were subdued compared to those seen over the course of 2014 and 2015. Both employment ...

  Sunaina Rana / Emirates Business Small and medium enterprises (SMEs) are considered the backbone of UAE’s economy. Amid the crude slump, this sector has been contributing much towards the nation’s stability. However, at present, the SMEs are facing a number of challenges ahead to sustain themselves, in the wake of which a bankruptcy policy is being mulled by the ...

  RITIKA SHARMA / Emirates Business Europe has always been an investment hotspot among the regional real estate investors. It is not only an easily accessible destination but also offers variety when it comes to the perfect ‘return on investment’ (ROI) oriented properties. This trend has not only picked up in recent years, especially among UAE investors, in fact it ...

  ALKESH SHARMA / Emirates Business Fluctuating oil prices and weakening sentiments of consumers are no deterrent for UAE’s luxury goods industry that is expected to register an exponential growth in the coming months. Driven by high-income population and increased footfall of tourists, luxury goods industry in the UAE is expected to witness an over 20 percent growth by 2017-end, ...

  RITIKA SHARMA / Emirates Business Recent reports underlining the unprecedented pace of growing investments in renewable energy signal towards a crystal-clear path leading to a sustainable future ahead, experts opine. Renewable energy sector pocketed a whopping amount of nearly $286 billion investment in 2015 and more green initiatives are being rolled out each year with nations like the UAE ...

  DUBAI / Emirates Business Town Square, Dubai’s first-of-its-kind smartly designed, stylish, green neighbourhood by Nshama, has won the prestigious Gold Nuggets 2016 Award for ‘Best International Site Plan.’ In its citation, the international jury members with strong industry credentials said they was ‘very impressed’ with the outdoor articulation and scale of the 750-acre (31 million sq ft) project located ...

DUBAI / Emirates Business The Dubai Chamber Sustainability Network partnered with Dulsco to co-host a highly interactive ‘Worker Welfare’ session, along with key industry stakeholders from UAE’s corporate sector. The country is home to a large workforce, spread across different nationalities. Workers are key stakeholders for any organization as they rely on their workforce to manage reputation and profitability. Organisations ...

  DUBAI / Emirates Business Nissan has announced that the world’s first ‘NISMO Corner’ dedicated showroom space will be launched in the Middle East and then rolled out across Nissan’s dealerships globally. The ‘NISMO Corner’ is a unique, customer showroom area for Nissan performance vehicles and products, and is a completely new showroom concept that was developed in the Middle ...