News

  Bloomberg The U.K.’s vote to leave the European Union will make it harder for British seafood exporters to compete with other countries, according to the United Nations’ Food & Agriculture Organization. Four of the top five importers of British seafood exports are nations in the EU, according to data from industry group Seafish. While it’s uncertain what kind of ...

  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 ...

  BLOOMBERG The upturn in Saudi Arabia’s non-oil private sector was maintained at a steady rate in June, as highlighted by a further solid improvement in business conditions. Output and new orders both rose sharply, leading firms to raise their input buying at a marked pace. However, the respective rates of expansion remained subdued in the context of historical data. ...

  BLOOMBERG The downturn in Egypt’s non-oil private sector showed few signs of abating midway through 2016. Business conditions worsened for the ninth straight month, driven by ongoing declines in output, new orders and employment. The recent Egyptair incident was reported to have depressed tourism, contributing to another marked reduction in new business from abroad. Panellists mentioned higher prices as ...