Local News

  RITIKA SHARMA / Emirates Business Though much is being said and done to promote small and medium scale enterprises (SME) in the region, there are certain aspects that need special attention, experts opine. A recent report suggests that SMEs in the region are still struggling with funding gaps and lack of commercial expertise. It is notable that while SME sector ...

  Emirates Business In yet another expert-led analysis of the regional as well as global market trends, Al Masah Capital Management Limited reviewed a rise in Venture Capitalism, the dynamic nature of Small and Medium Enterprises and their significant roleplay in fostering innovation and promoting global economies. Suggesting a robust growth, the weight of SMEs in global economies have been ...

  RITIKA SHARMA / Emirates Business Not only are cloud-based services making various companies in the Middle East efficient and productive, they are also helping in saving a huge amount of money that was otherwise spent on data connectivity and hardware maintenance. Regional experts claim that a thoughtful use of cloud services by all industries can cut the additional costs by ...

Dubai / Emirates Business Despite apartment and villa sale prices dropping steadily for 2 years, a recent survey of propertyfinder’s consumer audience found that just 30% of its UAE residents have bought property here, meaning a sizeable 70% of them are still renting, even though half have resided here for 5 years or more. This is contrary to more developed ...

  ABU DHABI / WAM The Ministry of Human Resources and Emiratisation announced that all construction facilities with a 500 plus workforce must appoint at least one local occupational health and safety officer from 2017. Saqr bin Ghobash Saeed Ghobash, Minister of Human Resources and Emiratisation explained, “We will stop granting facilities with over 500 workers any further work permits, ...

  Dubai / Emirates Business The Rental Disputes Center (RDC), the judicial arm of the Dubai Land Department (DLD), signed a Memorandum of Understanding (MoU) with the Central Bank of the United Arab Emirates, in order to facilitate prompt information exchanges between the RDC and banks operating in the UAE for Rental Disputes. Furthermore, an electronic framework of cooperation will ...

  Dubai / WAM The Ministry of Human Resources and Emiratisation registered 99.8 percent level of compliance for the midday break by 29,185 firms since the implementation date till mid-July, while 47 firms violated the laws. Maher Al-Obed, Assistant Undersecretary for Inspectional Affairs, said the records were gathered across the UAE by 18 teams of well-trained inspectors, pointing out that 29,232 ...

  New York / WAM In an agreement signed today, the Government of the United Arab Emirates committed to the opening of the new UN Women Liaison Office for Gulf Cooperation Council (GCC) in Abu Dhabi. As a founding member of the Gulf Cooperation Council, UAE has poised itself as forward looking country committed to gender equality and the empowerment of ...

  Dubai / Emirates Business The Middle East is rapidly becoming a high priority destination for the leading global beauty and wellness brands, thanks to it’s phenomenal growth rates. According to the latest research from Euromonitor International, the beauty and personal care market in the Middle East and Africa is expected to surge at 6.4% over the next five years, ...

  RITIKA SHARMA / Emirates Business Accounting for a major chunk of overall automobile sales, the SUV (sports utility vehicle) segment in the UAE is on the right track, experts say. The sales in the country are higher by a substantial 5-6 percent as compared to other GCC nations. Given the elements of luxury, style and comfort that are combined ...