News

  ALKESH SHARMA / Emirates Business Digital transformation has been the success mantra for many enterprises in the Emirates. With the region’s digital economy set to surge twice over the next three years, data security and the continuous emergence of digital innovations are predicted to play a remarkable role in the UAE’s efforts to drive its digital economic growth. According ...

  RITIKA SHARMA / Emirates Business Although, as a term and an occupation, ‘life coaching’ is not a very old profession, but today it is a multi-million dollar industry with an estimated 100,000 life coaches working professionally across the world. Interestingly, it is the second fastest growing industry in the world after Information Technology. As UAE is one of the ...

  Dubai / Emirates Business Dubai Land Department (DLD) has announced the launch of the Dubai Global Initiative Real Estate Connect programme, a scheme from the Dubai Real Estate Institute (DREI) — the educational arm of the government department. The programme will begin with a visit to Delhi and Bangalore, India from August 12-17. The inception of the programme will ...

  ALKESH SHARMA / Emirates Business Nearly 48 percent companies globally consider cyber-attack the major impediment in the smooth flow of their operations. It is closely followed by confidential data breach (41 percent) and unplanned IT and telecom outage (35 percent) that could hamper the day-to-day working of the enterprise. These startling facts have been revealed in the findings of ...

  ABU DHABI / WAM The Masdar Institute of Science and Technology (MIST) faculty discovered a novel way to significantly increase the amount of sunlight that a solar absorber can convert into heat. By converting more of the solar energy that reaches the Earth’s surface into heat in a low-cost way, the solar absorber can help make sustainable technologies that ...

  Abu Dhabi / Emirates Business A report issued by the Ministry of Economy reveals that non-oil trade – inclusive of free zone activities – between the UAE and Thailand amounted to USD 5.2 billion in 2015. The report mentioned premium raw aluminum, ornaments and precious metals as the main exports from Thailand, with cars and vehicles for transport of ...

  Dubai / Emirates Business Emirates NBD Securities, the brokerage arm of Emirates NBD and a leading brokerage firm in the UAE, was honoured with the Outstanding Risk Management Excellence Award 2016 at the Middle East Financial Markets Excellence Awards. The brokerage firm was praised for its world standard quality systems and highest grade security platforms, and sophisticated eBrokerMobile app ...

  DUBAI / WAM Dubai Banking Group (DBG), a subsidiary of Dubai Group, and Abu Dhabi Financial Group (ADFG) have reached an agreement whereby DBG will sell its 48.36% interest in SHUAA Capital PSC (‘SHUAA’) to ADFG. The completion of the sale is subject to regulatory approvals. Through its subsidiaries, ADFG has widespread expertise and experience across its core sectors, ...

DUBAI / WAM As part of its efforts to promote Dubai as an attractive business destination and to familiarise overseas companies with the emirate’s business environment, the Dubai Chamber of Commerce and Industry recently concluded its Food Import Trade Mission to Azerbaijan and Georgia, highlighting the requirements and conditions of exporting foodstuffs to Dubai. During the trade mission, Dubai Chamber ...

    Bloomberg Saudi Arabia is considering a plan to tax millions of foreign residents as the kingdom seeks to reduce its reliance on oil revenue after the plunge in crude prices. The proposal was included in the country’s National Transformation Plan, an ambitious multi-year program released this week. But the tax element is only “an initiative that will be ...