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Eid-ul-Adha 2021 started today

Eid-ul-Adha 2021 started today

Publié le mardi 20 juillet 2021.
Temps de lecture : 1 minute.
The Muslim holiday commemorates the day the prophet Ibrahim was willing to sacrifice his son as an act of obedience to God’s command. It is celebrated one day after the annual Hajj pilgrimage ends. Muslims celebrate the festival of Eid al-Adha by sacrificing goats. Those who are financially capable purchase goats and sacrifice them. The meat is distributed among the needy, community members, relatives and immediate... Lire la suite...
Why Dubai is an 'engine for growth' for the global automotive industry

Why Dubai is an 'engine for growth' for the global automotive industry

Publié le mardi 13 juillet 2021.
Temps de lecture : 6 minutes.
The emirate's location and infrastructure make it ideal for the vehicles re-export market while high local demand for high-end cars fuels further interest ​The total area dedicated to the automotive and spare parts sector in Dubai Industrial City covers more than 37m square feet. Dubai’s position as a major exporter and re-exporter of vehicles, one that enables manufacturers from Asia, Europe and North Africa to deal with the... Lire la suite...
Bahrain selects consultants for $2 billion Metro line extension

Bahrain selects consultants for $2 billion Metro line extension

Publié le lundi 12 juillet 2021.
Temps de lecture : 3 minutes.
Bahrain’s Ministry of Transportation and Telecommunications (MTT) has appointed a team of consultants to support its nearly $2 billion metro extension project. The selected advisors are now helping the authorities shortlist a suitable engineering consultancy to deliver the design.  MTT is looking to extend the current Bahrain Metro network to reach Bahrain Sports City – laying four new lines across 109... Lire la suite...
Dubai at the forefront of global tourism recovery

Dubai at the forefront of global tourism recovery

Publié le mercredi 07 juillet 2021.
Temps de lecture : 7 minutes.
As Dubai marks a year since reopening its borders to international tourists on July 7, 2020, the latest data published by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) shows the city welcomed 3.7 million overnight visitors during the 11-month period from July 2020 to May 2021. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai said: “We have... Lire la suite...
Saudi Arabia plans $147bn expansion for transport sector

Saudi Arabia plans $147bn expansion for transport sector

Publié le mardi 06 juillet 2021.
Temps de lecture : 4 minutes.
Saudi Arabia plans to invest SAR550bn ($147bn) in transport and logistics over the next nine years as Crown Prince Mohammed bin Salman looks to turn the kingdom into a global aviation hub. About 35 per cent of that spending will come from the government and the rest from the private sector as officials launch a new international airline, expand airports, build a broader train network and explore new technologies, Transport Minister Saleh Al... Lire la suite...
Saudi Arabia announces plans new national airline

Saudi Arabia announces plans new national airline

Publié le mercredi 30 juin 2021.
Temps de lecture : 3 minutes.
Saudi Arabia's Crown Prince Mohammed bin Salman announced plans on Tuesday to launch a second national airline as part of a broader strategy to turn the kingdom into a global logistics hub as it seeks to diversify from oil. The creation of another flag carrier would catapult Saudi Arabia into the 5th rank globally in terms of air transit traffic, official state media reported, without giving details on when and how the airline would be... Lire la suite...
UAE approves agenda for non-oil export development

UAE approves agenda for non-oil export development

Publié le mardi 29 juin 2021.
Temps de lecture : 5 minutes.
Chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the UAE Cabinet approved the National Agenda for Non-oil Export Development, an integrated framework for efforts to increase UAE's foreign trade, promote Emirati products and access new markets all over the world. Sheikh Mohammed bin Rashid reaffirmed that the UAE is among the top twenty countries in foreign trade indicators... Lire la suite...
Sheikh Hamdan orders construction of 16km cycling track in Dubai

Sheikh Hamdan orders construction of 16km cycling track in Dubai

Publié le lundi 28 juin 2021.
Temps de lecture : 4 minutes.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has ordered the construction of a 16km cycling track alongside Jumeirah Beach in the emirate. The new track will connect the Jumeirah Street cycling track with the existing one alongside King Salman bin AbdulAziz Al Saud Street located in Dubai Internet City. “It is a step to advance sustainable mobility,” said... Lire la suite...
Naqel launches new logistics facilities to support KSA’s logistics vision

Naqel launches new logistics facilities to support KSA’s logistics vision

Publié le jeudi 17 juin 2021.
Temps de lecture : 3 minutes.
Naqel Express, a leading express logistics and supply chain company in Saudi Arabia with the largest seamless network, is powering ahead with a raft of initiatives in the Kingdom and globally. In alignment with the Kingdom’s Vision 2030 initiative, Naqel has unleashed new investments of over SR200 million ($53 million) in the western province of Saudi Arabia to further facilitate imports and trading with the three continents connecting... Lire la suite...
Projects worth millions lined up for Bahrain's Southern Governorate

Projects worth millions lined up for Bahrain's Southern Governorate

Publié le mercredi 16 juin 2021.
Temps de lecture : 5 minutes.
Projects include $1.38mln Hunainiya Valley Natural Water Spring Park to be built over 7,028sqm Projects worth millions of dinars are being lined up across the Southern Governorate over the next two years. The new municipal and infrastructure plans include state-of-the-art central markets, disability-friendly parks, modern fishing wharfs and roadworks. They are set to be carried out by the Works, Municipalities Affairs and Urban Planning... Lire la suite...
Why Saudi Arabia's economic recovery is promising

Why Saudi Arabia's economic recovery is promising

Publié le lundi 14 juin 2021.
Temps de lecture : 6 minutes.
The kingdom's non-oil GDP has returned to pre-pandemic levels, driven by domestic investment and easing coronavirus restrictions   Saudi Arabia is on a steady path towards economic recovery in 2021 with the growth of non-oil GDP expected to reach 2.8 percent, an increase from the 2.4 percent growth forecast made earlier this year. It is also an improvement from the kingdom’s record GDP drop of 4.1 percent, according to... Lire la suite...
Restaurant recovery in MENA region

Restaurant recovery in MENA region

Publié le mercredi 02 juin 2021.
Temps de lecture : 4 minutes.
Restaurant dining took a major hit last year as pandemic-induced lockdowns and fear of social outings slashed demand, but the sector is set to bounce back, reaching $70 billion in 2025 in the Middle East and North Africa (MENA) region, research shows. The MENA restaurant and food court market in 2018 was estimated at approximately $55 billion. But by 2025, the online food service market in the MENA region is expected to grow by $15 billion... Lire la suite...
Riyadh Sports Boulevard - Another interesting project in Saudi

Riyadh Sports Boulevard - Another interesting project in Saudi

Publié le jeudi 27 mai 2021.
Temps de lecture : 2 minutes.
Sports Boulevard is one of Riyadh four grand projects launched by the Custodian of Two Holy Mosques King Salman bin Abdulaziz.   The Sports Boulevard extends for 135 kilometers, across the city of Riyadh, connecting Hanifah valley in the West with Al Salai Valley in the East. The Sport Boulevard has safe, green pathways for pedestrians along the whole project. Also, there are special routes for professional and amateur cyclist, plus... Lire la suite...
Riyadh on its way to becoming city of the future

Riyadh on its way to becoming city of the future

Publié le mercredi 26 mai 2021.
Temps de lecture : 3 minutes.
Saudi Crown Prince Mohammed bin Salman said that “Riyadh was very well planned by King Salman and it is the city with the best infrastructure in Saudi Arabia and it is one of the best cities in the Middle East.” As the focal point for Vision 2030, the Riyadh Development Authority was converted into the Royal Commission for Riyadh City (RCRC), with a mandate to make Riyadh one of the 10 largest cities in the world and increase its... Lire la suite...
UAE allows 100% foreign ownership from June 1

UAE allows 100% foreign ownership from June 1

Publié le jeudi 20 mai 2021.
Temps de lecture : 1 minute.
The UAE Ministry of Economy announced that the amended Commercial Companies Law will come into effect on June 1, 2021, allowing foreign investors and entrepreneurs to establish and fully own onshore companies. The UAE government has recently adopted an amendment to the Commercial Companies Law allowing 100 percent foreign ownership of companies, reported Emirates news agency Wam. Abdulla bin Touq Al Marri, Minister of Economy, said:... Lire la suite...
Ras Al Khaimah’s Dhs500m sustainable tourism projects

Ras Al Khaimah’s Dhs500m sustainable tourism projects

Publié le mercredi 19 mai 2021.
Temps de lecture : 7 minutes.
It will include eco-hotels, glamping offerings, outdoor cinemas, and other activities geared towards experiential tourism At the Arabian Travel Market 2021, the Ras Al Khaimah Tourism Development Authority (RAKTDA) announced over 20 sustainable tourism development initiatives across the emirate marking an investment of Dhs500m, in partnership with RAK Hospitality Holding and RAK Chamber of Commerce and Industry. In a statement, RAKTDA said... Lire la suite...
Bahrain's mega Expo centre project on track

Bahrain's mega Expo centre project on track

Publié le mardi 18 mai 2021.
Temps de lecture : 3 minutes.
Work is moving at a steady pace on the new Bahrain International Exhibition and Convention Centre (BIECC) in Sakhir with 30 per cent of the project already completed.   The foundation stone for the BD84-million ($221 million) mega project was laid by HRH Prince Salman bin Hamad Al Khalifa, Crown Prince Prime Minister, in January last year.    The project next to Bahrain International Circuit features exhibition halls... Lire la suite...
Oman lifts movement ban, commercial activities resume with some restrictions

Oman lifts movement ban, commercial activities resume with some restrictions

Publié le lundi 17 mai 2021.
Temps de lecture : 3 minutes.
The number of visitors to commercial complexes and restaurants will be capped at 50 per cent of capacity Oman lifted its nightly curfew on the movement of people and vehicles starting Saturday, May 15, as it eased restrictions to stop the spread of Covid-19. The sultanate’s Supreme Committee tasked with combating Covid-19 revised the protocols in the country due to the improving situation. Oman had banned the movement of people... Lire la suite...
Riyadh to get ten BinDawood superstores over five years

Riyadh to get ten BinDawood superstores over five years

Publié le lundi 10 mai 2021.
Temps de lecture : 2 minutes.
BinDawood Superstores said it would open ten new branches in Riyadh as the retailer expands its footprint in the Kingdom. The company, a unit of BinDawood Holding, said in a stock exchange statement that it would open the branches over five years from 2022 to 2027. BinDawood Holding on Monday said first-quarter profit fell by more than half to SR62.1 million ($16.5 million) compared to a year earlier. Revenues declined by a fifth to SR1.12... Lire la suite...
Dubai set to host the largest in person tourism event in the world

Dubai set to host the largest in person tourism event in the world

Publié le mercredi 05 mai 2021.
Temps de lecture : 6 minutes.
This year’s Arabian Travel Market (ATM) will be the travel and tourism industry’s first and largest in-person event since the onset of the Covid-19 pandemic 18 months ago. To be held from May 16-19 in Dubai World Trade Centre, the in-person trade show is marking its 28th edition and will be followed by a virtual event a week later to complement the physical event and widen its reach. It follows on the heels of ATM Virtual which... Lire la suite...
Numerous opportunities for investment in GCC healthcare

Numerous opportunities for investment in GCC healthcare

Publié le mardi 27 avril 2021.
Temps de lecture : 13 minutes.
Strong growth is seen in the GCC healthcare sector, driven by a surge in medical devices, a growing branded generics market and increased investment in infrastructure and innovation.  This is the industry analysis from Mashreq, one of the leading financial institutions in the UAE, and the research firm Frost & Sullivan.    According to the report, GCC hospital revenues are predicted to grow by 5.8% in 2021. The... Lire la suite...
Saudi Arabia sees 'massive' investment in hotel sector

Saudi Arabia sees 'massive' investment in hotel sector

Publié le mercredi 21 avril 2021.
Temps de lecture : 7 minutes.
Simon Allison, CEO of hotel owners' alliance, HOFTEL, says increased competition could have spin-off effects for neighbouring countries Massive investment in mega tourism projects to the tune of $810 billion is expected to transform Saudi Arabia into one of the largest leisure tourism industries in the world over the next decade Hotel owners are ploughing a “massive amount” of money into Saudi Arabia, but the investment... Lire la suite...
UAE is ‘100% ready’ to host Expo 2020 Dubai – Sheikh Mohammed

UAE is ‘100% ready’ to host Expo 2020 Dubai – Sheikh Mohammed

Publié le mercredi 14 avril 2021.
Temps de lecture : 4 minutes.
Expo 2020 Dubai welcomed more than 100,000 visitors to experience Terra – The Sustainability Pavilion as part of a preview this year   The UAE is fully prepared to host the mega Expo 2020 Dubai exhibition, which begins in October this year, Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and Ruler of Dubai has said. The six-month event, which runs from October 1, 2021, until March 31,... Lire la suite...
5 steps to start a business in Saudi Arabia for foreigners?

5 steps to start a business in Saudi Arabia for foreigners?

Publié le lundi 12 avril 2021.
Temps de lecture : 6 minutes.
Saudi Arabia is planning on spending more money in the next 10 years than what was spent in the last 300 years… Let us take your step by step through the process of starting your business in Saudi Arabia: STAGE 1: Visit SAGIA’S website (E services Portal) www.sagia.gov.sa Issuance of Investment License The first step is to obtain a foreign investment license from the Saudi Arabia General Investment Authority (SAGIA).... Lire la suite...
How the Gulf region will witness a vigorous recovery in 2021/22

How the Gulf region will witness a vigorous recovery in 2021/22

Publié le mercredi 07 avril 2021.
Temps de lecture : 3 minutes.
The recent recovery of the crude oil price to the pre-pandemic level of $60-65 per barrel is a huge relief for all the Gulf states After a traumatic year for the Gulf Cooperation Council nations which saw the oil price tumble from around $60 per barrel at the end of 2019 to $20 and hotel occupancy fall from 80%to 23% as travel restrictions and lockdowns took effect in the battle against Covid-19, the outlook for 2021 is dramatically improved.... Lire la suite...
UAE and Netherlands to boost trade ties

UAE and Netherlands to boost trade ties

Publié le mardi 06 avril 2021.
Temps de lecture : 1 minute.
DUBAI: The UAE and Netherlands have discussed plans to increase trade between the pair, state news agency WAM reported. Trade ministers from both countries agreed to strengthen their partnership as they try to bounce back from the impact of the COVID-19 pandemic. They discussed plans to encourage more Emirati and Dutch companies to explore each other’s local markets. “We look forward to strengthening ties between the two... Lire la suite...
Saudi Arabia leads the world in projected hotel supply growth

Saudi Arabia leads the world in projected hotel supply growth

Publié le jeudi 01 avril 2021.
Temps de lecture : 2 minutes.
Saudi Arabia’s hospitality sector is the fastest-increasing among the 50 most populated countries in the world, reporting 73,057 rooms across the three phases of the hotel pipeline, and projecting a 67.1% increase in room supply over the next three years, according to STR’s AM:PM platform.  Of the total rooms in the pipeline as of March 11, 16,965 were scheduled to come online over the duration of 2021. The 67.1%... Lire la suite...
Saudi Arabia announces massive 'green' initiatives

Saudi Arabia announces massive 'green' initiatives

Publié le mardi 30 mars 2021.
Temps de lecture : 8 minutes.
Saudi Arabia's HRH Crown Prince Mohammed bin Salman has announced two pathbreaking environmental initiatives that aim to set a clear "green" road map for the kingdom and rallies the region in significantly confronting climate change. The Saudi Green Initiative and The Middle East Green Initiative, the two initiatives that are to be launched soon, aim to chart a path for Saudi Arabia and the region in protecting the planet, and... Lire la suite...
UAE’s 2021 outlook positive despite Covid

UAE’s 2021 outlook positive despite Covid

Publié le lundi 29 mars 2021.
Temps de lecture : 7 minutes.
The first quarter of 2021 fared better-than-expected thanks to the post-pandemic recovery in the UAE, said Khalaf Ahmad Al Habtoor, Founding Chairman of Al Habtoor Group (AHG), one of the largest privately-owned business conglomerates in the region. Al Habtoor said AHG took measures early in 2020 to ensure it could withstand the fallout from Covid-19, which is still impacting much of the world, including industrialized nations. “The... Lire la suite...
Dubai aims to increase foreign trade to AED2 trillion

Dubai aims to increase foreign trade to AED2 trillion

Publié le mercredi 24 mars 2021.
Temps de lecture : 3 minutes.
Dubai has adopted a five-year plan to increase the emirate's foreign trade from AED1.4 trillion ($381.16 billion) to AED2 trillion ($544.51 billion), said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai.  In a series of tweets after a Dubai Council meeting, he said: "We have deployed the necessary resources to implement our plan.  "We issued several new... Lire la suite...
Saudi SCA's Future Projects Forum 2021 to showcase 1,000 projects

Saudi SCA's Future Projects Forum 2021 to showcase 1,000 projects

Publié le mardi 23 mars 2021.
Temps de lecture : 2 minutes.
This year more than 37 government and private entities will present their projects in the digital edition of the forum   The Saudi Contractors Authority (SCA)is organizing the third iteration of its Future Projects Forum (FPF), which is running till 24 March 2021, with showcase of 1,000 projects valued at over $160bn (SAR600bn). According to Saudi Press Agency (SPA) over 37 government and private entities... Lire la suite...
UAE retail sales expected to hit $58 billion this year

UAE retail sales expected to hit $58 billion this year

Publié le lundi 22 mars 2021.
Temps de lecture : 4 minutes.
Sales are expected to grow by 13%, supported by pent-up consumer demand, Covid-19 vaccination efforts and Expo 2020 Dubai   UAE retail sales are expected to reach $58 billion by the end of 2021, new analysis from Dubai Chamber of Commerce and Industry has projected. Sales are expected to grow by 13 percent, supported by pent-up consumer demand, Covid-19 vaccination efforts and Expo 2020 Dubai. Global spending plummeted as... Lire la suite...
Dubai launches mega 2040 Urban Development Plan

Dubai launches mega 2040 Urban Development Plan

Publié le lundi 15 mars 2021.
Temps de lecture : 7 minutes.
Nature reserves and rural natural areas will constitute 60 per cent of the emirate’s total area, while land used for hotels and tourist activities will increase by 134 per cent Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the ambitious Dubai 2040 Urban Master Plan on Saturday, March 13. The sustainable urban development plan envisions green and recreational spaces... Lire la suite...
Oman: 5 per cent VAT will come into force starting April 16

Oman: 5 per cent VAT will come into force starting April 16

Publié le lundi 15 mars 2021.
Temps de lecture : 2 minutes.
Oman is all set to implement the Value Added Tax (VAT) on April 16, it was confirmed on Sunday by the Oman News Agency (ONA). The VAT is expected to raise about 400 million Omani riyals annually and to generate approximately 1.5 percent of the value of GDP. Saud bin Nasser Al Shukaili, Head of the Tax Authority, emphasized that all necessary preparations and requirements for the VAT implementation have been put in place including the... Lire la suite...
Majid Al Futtaim opens $708m lifestyle, retail hub in Sharjah

Majid Al Futtaim opens $708m lifestyle, retail hub in Sharjah

Publié le jeudi 11 mars 2021.
Temps de lecture : 4 minutes.
Majid Al Futtaim, a leading shopping mall developer, communities, retail, and leisure pioneer across the Middle East, Africa and Central Asia, has officially opened its newest lifestyle and retail experience in the Northern Emirates, the AED2.6 billion ($708 million) City Centre Al Zahia. Featuring distinct architecture and offering exceptional hospitality options, the City Centre Al Zahia is expected to become a popular destination within... Lire la suite...
UAE strengthening business opportunities!

UAE strengthening business opportunities!

Publié le mardi 09 mars 2021.
Temps de lecture : 3 minutes.
MASSIVE INTEREST FOREIGN ENTREPRENEURS TO DEVELOP BUSINESSES IN UAE.   As the most diversified economy in the Persian Gulf and in response to Covid-19, the UAE government has started implementing a range of stimulus measures for strengthening of the business development programs. It is well known that foreign companies successfully use the UAE's location, logistic, financial and other services as a hub for commercial activity... Lire la suite...
UAE strengthening business opportunities!

UAE strengthening business opportunities!

Publié le mardi 09 mars 2021.
Temps de lecture : 3 minutes.
MASSIVE INTEREST FOREIGN ENTREPRENEURS TO DEVELOP BUSINESSES IN UAE.   As the most diversified economy in the Persian Gulf and in response to Covid-19, the UAE government has started implementing a range of stimulus measures for strengthening of the business development programs. It is well known that foreign companies successfully use the UAE's location, logistic, financial and other services as a hub for commercial activity... Lire la suite...
UAE strengthening business opportunities!

UAE strengthening business opportunities!

Publié le lundi 08 mars 2021.
Temps de lecture : 3 minutes.
Massive interest foreign entrepreneurs to develop businesses in UAE.   As the most diversified economy in the Persian Gulf and in response to Covid-19, the UAE government has started implementing a range of stimulus measures for strengthening of the business development programs. It is well known that foreign companies successfully use the UAE's location, logistic, financial and other services as a hub for commercial activity... Lire la suite...
Bahrain launches procurement process to build national metro network

Bahrain launches procurement process to build national metro network

Publié le jeudi 04 mars 2021.
Temps de lecture : 3 minutes.
The Kingdom of Bahrain’s Ministry of Transportation and Telecommunications (MTT) has launched a procurement process for the construction of the Bahrain Metro Project – an multi-billion dollar project to develop a public transport network across the Kingdom complete with fully automated, driverless technology. The move is part of Bahrain’s extensive plans for more than $32bn pipeline of infrastructure projects The Ministry... Lire la suite...
Bahrain construction sector to recover, set for 2.1pc growth

Bahrain construction sector to recover, set for 2.1pc growth

Publié le mardi 02 mars 2021.
Temps de lecture : 4 minutes.
Bahrain’s construction output contracted by an estimated 0.2% in real terms in 2020 as the industry faced disruptions due to the Covid-19 pandemic and movement restrictions to prevent its spread.    Added to this was the oil price drop, which further compounded this problem as Bahrain is highly dependent on oil revenue.    However, driven by investments in infrastructure, oil and gas and in renewables, the... Lire la suite...
Jones the grocer highlights opportunities in Saudi Arabia and Egypt with latest expansion push

Jones the grocer highlights opportunities in Saudi Arabia and Egypt with latest expansion push

Publié le lundi 01 mars 2021.
Temps de lecture : 14 minutes.
Food emporium Jones the Grocer is expanding into Saudi Arabia and Egypt, as part of its plan to open 200 new stores globally over five years. Originally established in Australia in 1996, Jones the Grocer is known for its casual dining style, cheese room and gourmet retail. It mostly sells dried and ambient products such as jams, chutneys, mustards, sauces, cereals, as well as chilled products like smoked salmon. It is now owned by... Lire la suite...
Japan’s MUFG predicts 2021 economic recovery for Saudi Arabia

Japan’s MUFG predicts 2021 economic recovery for Saudi Arabia

Publié le mardi 23 février 2021.
Temps de lecture : 3 minutes.
The Kingdom’s transformation strategy is very much investment-led and the private sector will continue to play an important role MUFG, a global financial services group and one of the largest banking institutions in Japan, anticipates a fast and robust economic recovery for Saudi Arabia in 2021, with GDP growth forecasted to rise from -4.8 percent to 3.6 percent, and a combination of a further pick-up in crude oil production as... Lire la suite...
Manama listed in the top 5 globally for FDI strategy in latest fDi Magazine ranking

Manama listed in the top 5 globally for FDI strategy in latest fDi Magazine ranking

Publié le lundi 22 février 2021.
Temps de lecture : 2 minutes.
The Kingdom of Bahrain’s capital Manama has been named as the fifth globally amongst all-sized cities and first amongst small and mid-sized cities for FDI strategy in the 2021 Global cities of the Future index produced by the Financial Times’ fDi Magazine. Both Abu Dhabi and Dubai similarly ranked in the top 10, with Abu Dhabi placing sixth and Dubai placing eighth. Commenting on the latest rankings, the Bahrain Economic... Lire la suite...
Gulfood 2021- The 26th edition of the annual F&B event will host 2,500 companies from 85 countries

Gulfood 2021- The 26th edition of the annual F&B event will host 2,500 companies from 85 countries

Publié le jeudi 18 février 2021.
Temps de lecture : 9 minutes.
The first live, in-person F&B industry event of 2021, Gulfood will be held across 20 exhibition halls at the Dubai World Trade Centre (DWTC), bringing stakeholders from all over the world for five days of dialogue, live demonstrations and business deals. The 26th edition of Gulfood will host 2,500 companies from 85 countries, who will participate to seek new collaborations and partnerships. This year’s event will also showcase its... Lire la suite...
Saudi Arabia won't work with foreign firms without regional HQ from 2024

Saudi Arabia won't work with foreign firms without regional HQ from 2024

Publié le mardi 16 février 2021.
Temps de lecture : 2 minutes.
Saudi Arabia will no longer sign contracts with foreign companies that do not have a regional headquarters in the kingdom after 2023, state news agency SPA reported on Monday, citing an official source. The policy, which comes into effect on Jan 1. 2024, is designed to encourage foreign firms to open a permanent, in-country regional presence that would help create local jobs, SPA reported. “The decision ... will reflect positively in... Lire la suite...
The incredible plan to create the largest public park in the world at the heart of Riyadh

The incredible plan to create the largest public park in the world at the heart of Riyadh

Publié le lundi 15 février 2021.
Temps de lecture : 7 minutes.
The King Salman Park project is one of Riyadh’s Four Megaprojects launched by the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz, on 19 March 2019. The project will be a milestone that contributes to fulfilling a key goal of the Saudi Vision 2030 to promote Riyadh’s position among the world’s top 100 most livable cities. Covering over 13 square kilometers, King Salman Park will be among the biggest city parks... Lire la suite...
Madayn to float tenders for new industrial city in Oman

Madayn to float tenders for new industrial city in Oman

Publié le jeudi 11 février 2021.
Temps de lecture : 2 minutes.
Oman's Public Establishment for Industrial Estates (Madayn) will soon float tenders for the development of a new industrial city within Al Dhahirah Governorate of the sultanate, said a report.    The company move comes following the completion of the detailed design work for the proposed new industrial city which will come up over a sprawling 10-million-sq-m area in Ibri, reported the Muscat Daily.   Phase One... Lire la suite...
HISTORIC: Mars success for UAE

HISTORIC: Mars success for UAE

Publié le mercredi 10 février 2021.
Temps de lecture : 3 minutes.
THE United Arab Emirates (UAE) made space history today when its Hope Probe reached its Mars Orbit Insertion (MOI) on Tuesday evening at 7:42 pm (UAE local time), completing its 7-month journey to Mars.   The UAE Emirates Mars Mission (EMM) is the first interplanetary mission undertaken by an Arab nation and UAE's just the fifth country worldwide to reach Mars.   UAE leaders visited the Mohammed bin Rashid Space Centre... Lire la suite...
Hope Probe reaches Mars today

Hope Probe reaches Mars today

Publié le mardi 09 février 2021.
Temps de lecture : 4 minutes.
The Hope orbiter is a UAE Space Agency unmanned space exploration mission to Mars, which was launched in July 2020 from Japan. The probe has travelled around seven months on its journey of 493 million kilometres, which it will complete today. At that point, it will reach the crucial ‘Mars Orbit Insertion’ (MOI) stage — which means the probe will have to slow down to enable it to be captured by Mars’ gravity, to orbit the... Lire la suite...
Mideast sports industry ‘set for fastest growth globally’

Mideast sports industry ‘set for fastest growth globally’

Publié le lundi 08 février 2021.
Temps de lecture : 6 minutes.
Respondents to a survey expect the sports industry in the Middle East to grow by 8.7% over the next three to five years, reflecting the fastest growth compared to 50 countries across the world, a report said. In stark contrast to the global sports market, respondents expect the Middle East to grow by 8.7% over the next three to five years, added the Middle East’s Sports Survey released by professional services firm PwC. Strong... Lire la suite...
Dubai ready to host Expo 2020 despite Covid challenge, says tourism chief

Dubai ready to host Expo 2020 despite Covid challenge, says tourism chief

Publié le jeudi 04 février 2021.
Temps de lecture : 3 minutes.
Helal Al Marri blames the recent spike of coronavirus cases on a 4-5% drop in compliance by residents Al Wasl Plaza, the centrepiece of the Expo 2020 Dubai site. Dubai has a very clear plan on how to deal with Covid-19 and will be ready to receive visitors for the world Expo exhibition this year, a government official said. “We feel very confident,” Helal Al Marri, director general of Dubai’s Department of Tourism and... Lire la suite...
Bahrain-origin exports up 4% to hit $6.3bn in 2020

Bahrain-origin exports up 4% to hit $6.3bn in 2020

Publié le jeudi 04 février 2021.
Temps de lecture : 2 minutes.
The value of Bahrain’s exports of national origin increased by 4% to BD2.387 billion ($6.3 billion) during year 2020, compared to BD2.298 billion for the previous year, said the Information & eGovernment Authority (iGA) in its foreign trade report. The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 74% of the total value, with the remaining countries accounting for... Lire la suite...
It’s time to invest in our healthcare systems, says Saudi cenbank governor

It’s time to invest in our healthcare systems, says Saudi cenbank governor

Publié le jeudi 04 février 2021.
Temps de lecture : 4 minutes.
Fahad Al Mubarak says health systems should not be seen as a cost but as an investment following turmoil caused by coronavirus pandemic Speaking on a panel session during the second day of the Future Investment Initiative (FII) in Riyadh, Al Mubarak said that among the many lessons learned from the current global coronavirus pandemic is the “vulnerabilities in our health system”. He said: “It was very clear that across... Lire la suite...
Bahrain’s non-oil economy ‘on strong growth track’

Bahrain’s non-oil economy ‘on strong growth track’

Publié le jeudi 04 février 2021.
Temps de lecture : 2 minutes.
Bahrain is witnessing strong growth in its non-oil economy, which is now representing around 90% of the Kingdom’s GDP, up from 55% in 2000, a senior government official said. Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, was speaking at the 4th edition of the Future Investment Initiative in Riyadh, Saudi Arabia, reported Bahrain News Agency (BNA). He took part in the international conference... Lire la suite...
The UAE vaccination administration rate is the second highest globally.

The UAE vaccination administration rate is the second highest globally.

Publié le jeudi 04 février 2021.
Temps de lecture : 1 minute.
The UAE has vaccinated 83,302 residents against Covid-19 in the last 24 hours. The country’s Ministry of Health and Prevention (MoHAP) said the total doses administered now stands at 2.57 million. This takes the rate of doses per 100 people to 26. The Dubai Health Authority (DHA) has announced that it is rescheduling appointments for those who were set to take the first dose of the Pfizer-BioNTech vaccine amid a global... Lire la suite...
Expo 2020 Dubai, tourism recovery key to UAE economic rebound in 2021

Expo 2020 Dubai, tourism recovery key to UAE economic rebound in 2021

Publié le mardi 26 janvier 2021.
Temps de lecture : 5 minutes.
First Abu Dhabi Bank releases new investment outlook, predicting a V-shaped recovery for the UAE FAB noted that the rescheduling to October 2021 of the Expo 2020 Dubai will “add further strength” to the UAE economy The UAE economy should grow by about 2.5 percent this year after contracting by 6% in 2020 due to pressures relating to the global coronavirus pandemic and low oil prices. That’s according to a 2021 Global... Lire la suite...
Number of foreign companies increases in UAE

Number of foreign companies increases in UAE

Publié le jeudi 21 janvier 2021.
Temps de lecture : 1 minute.
DUBAI: The number of foreign companies operating in the UAE increased by 3.5 percent in December versus a month earlier, state news agency WAM reported. The total number of foreign companies in the Gulf country during the same period was at 3,209, the report quoted UAE’s National Economic Register (NER). Most of the companies were based in Dubai, 763 were branches of other Gulf companies while 2,446 were foreign businesses. NER... Lire la suite...
Qatar to offer more tourism, shopping opportunities, says business leader

Qatar to offer more tourism, shopping opportunities, says business leader

Publié le mercredi 20 janvier 2021.
Temps de lecture : 4 minutes.
Qatar’s transformation into a self-reliant and self-sufficient nation in the past three years has improved the local market, allowing it to offer more tourism-related and shopping opportunities to local and international clientele, a prominent business leader has said. “Qatar has become a very unique destination for a lot of people; the government has added so many things in terms of dining experience, hotels, malls, theme... Lire la suite...
Saudi Arabia offers $6trn investment opportunities

Saudi Arabia offers $6trn investment opportunities

Publié le lundi 18 janvier 2021.
Temps de lecture : 3 minutes.
Major investment opportunities worth $6 trillion will be available in Saudi Arabia over the next 10 years within the framework of the opportunities provided by the Kingdom's Vision 2030, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Minister of Defense, has said.   Participating in a strategic dialogue session within the activities of the World Economic Forum, he said the... Lire la suite...
Oman’s appointment of first Crown Prince will boost investor confidence, say experts

Oman’s appointment of first Crown Prince will boost investor confidence, say experts

Publié le vendredi 15 janvier 2021.
Temps de lecture : 5 minutes.
Sultan Haitham Bin Tariq Al Said’s decree creating a ‘stable mechanism for the transfer of power’ has been welcomed by analysts Oman’s move to appoint a Crown Prince for the first time in the sultanate’s history will improve long-term investor confidence in the Gulf nation, according to experts. On Monday, Sultan Haitham Bin Tariq Al Said issued a royal decree which promulgated a new Basic Law of the State,... Lire la suite...
GCC will continue healthcare investment

GCC will continue healthcare investment

Publié le mardi 27 octobre 2020.
Temps de lecture : 3 minutes.
Maintain supportive fiscal and monetary policies until we are out of the woods of the health crisis, says IMF UAE – The International Monetary Fund (IMF) has asked the GCC countries to continue investing in the healthcare system and also maintain supportive fiscal and monetary policies. While giving remarks at a meeting of GCC finance ministers and central bank governors, Kristalina Georgieva, managing director of the IMF, praised the... Lire la suite...
Third quarter Saudi-Bahrain trade surges by 43%

Third quarter Saudi-Bahrain trade surges by 43%

Publié le lundi 26 octobre 2020.
Temps de lecture : 2 minutes.
Non-oil trade between Saudi Arabia and Bahrain increased by 43 per cent to $688.4m during the third quarter of 2020 compared to $481m during Q3 of 2019. The surge in trade between both countries follows the easing of restrictions on cargo transit over the King Fahd Causeway back in August. Bilateral commerce between the two nations increased by 12 per cent past the $2bn mark during the first three quarters of 2020 to record a substantial... Lire la suite...
Dubai takes entertainment to next level

Dubai takes entertainment to next level

Publié le jeudi 22 octobre 2020.
Temps de lecture : 3 minutes.
Dubai is providing UAE residents and visitors the opportunity to enjoy a spectacular lineup of live entertainment, lifestyle and sporting action following the restart of the city’s events sector. This further reinforces the emirate’s position as an international events hub and one of the world’s safest destinations. As one of the first few cities in the world to safely and effectively restart the events sector, Dubai has become a... Lire la suite...
Get policies right and global trade can have an $18t boost, says DMCC report

Get policies right and global trade can have an $18t boost, says DMCC report

Publié le mercredi 21 octobre 2020.
Temps de lecture : 3 minutes.
Deteriorating US-China ties will come to define trade in the 2020’s, plus the pandemic Dubai: A combination of tech-led advances and growth in cross-border services mixed with right sort of policies can boost global trade by $18 trillion – that’s according to the latest Future of Trade report DMCC (Dubai Multi Commodities Centre). Geopolitical tensions, namely the US-China trade war, and economic recovery from the pandemic will... Lire la suite...
Saudi UAE health wellness market to grow by 10,9% to reach 14,56 billion

Saudi UAE health wellness market to grow by 10,9% to reach 14,56 billion

Publié le mardi 20 octobre 2020.
Temps de lecture : 2 minutes.
According to a recent analysis by Frost & Sullivan, the health and wellness F&B market in Saudi Arabia and the UAE is estimated to grow at a compound annual growth rate (CAGR) of 10.9% to reach $14.56 bilion The research highlights shifting consumer attitudes, connectivity and health-conscious among customers in the GCC, and the fact that the two countries account for nearly 85% of the region’s health & wellness market. GCC’s health... Lire la suite...
How new equestrian start-up in the UAE jumped clear of the coronavirus crisis

How new equestrian start-up in the UAE jumped clear of the coronavirus crisis

Publié le lundi 19 octobre 2020.
Temps de lecture : 3 minutes.
Online classifieds platform dedicated to equestrian-related business world is launched in the UAE during pandemic How new equestrian start-up jumped clear of the coronavirus crisis Launched during the Covid-related lockdown, Horses Middle East “has been successful so far,” according its Italian founder Federica D’Andrea. An online classifieds platform dedicated to the equestrian-related business world has managed to hurdle the... Lire la suite...
Esports, VR gaming complex to be set up in Abu Dhabi

Esports, VR gaming complex to be set up in Abu Dhabi

Publié le jeudi 15 octobre 2020.
Temps de lecture : 2 minutes.
Beirut-based Robocom VR to provide content and technology for ‘Pixel’ A vast esports and VR gaming complex is set to open in Abu Dhabi in 2021. To be known as Pixel, the complex is being built at Al Qana, an upcoming waterfront destination in the UAE capital. Beirut-based Robocom VR will provide the content and technology for Pixel.ADVERTISING Pixel will also include an esports academy to train the next generation of UAE esports... Lire la suite...
Dubai hotels post highest occupancy since February

Dubai hotels post highest occupancy since February

Publié le mercredi 14 octobre 2020.
Temps de lecture : 1 minute.
Dubai’s hotel industry reported its highest occupancy level since February, according to preliminary September 2020 data from STR, a leading provider of market data on the hotel industry worldwide. Year-over-year declines in the key performance metrics remained significant, STR said in its report. Occupancy levels increased to 45.4% in September 2020 as against a decline of 37.6% during the same month of 2019. Average daily rate (ADR)... Lire la suite...
Oman to introduce 5% VAT in April

Oman to introduce 5% VAT in April

Publié le mardi 13 octobre 2020.
Temps de lecture : 1 minute.
Essential food items, medical care, education and financial services will be exempt from the planned levy Cash-strapped Oman is planning to introduce a 5 per cent value-added tax in April, following the lead of Gulf neighbours. Essential food items, medical care, education and financial services will be exempt from the planned levy, according to a royal decree detailing the tax on Monday. Oman, the biggest oil exporter outside OPEC, was... Lire la suite...
Abu Dhabi Customs introduces incentives for importers

Abu Dhabi Customs introduces incentives for importers

Publié le lundi 12 octobre 2020.
Temps de lecture : 2 minutes.
It is aimed at helping small and medium enterprises enhance their competitiveness The General Administration of Customs in Abu Dhabi has unveiled a new package of incentives to support importers. Abu Dhabi Customs will allow bank guarantees to be replaced by institutional guarantees for accredited partners. It will also facilitate the seamless transportation of goods between free zones and customs warehouses, with electronic monitoring... Lire la suite...
Abu Dhabi leading the revival of global sporting events

Abu Dhabi leading the revival of global sporting events

Publié le jeudi 08 octobre 2020.
Temps de lecture : 4 minutes.
Abu Dhabi is now the benchmark for global sporting events thanks to its successful and safe hosting of UFC Fight Island, according to one of the main men tasked with ensuring the fighters are safe during their bouts in the Octagon. Yas Island is currently hosting Return to Fight Island, a mega five-event series hot on the heels of the July’s inaugural UFC Fight Island. Having already staged UFC 253 and one UFC Fight Night, the packed... Lire la suite...
GCC e-commerce market to more than double to $50bn by 2025 due to pandemic-driven boom

GCC e-commerce market to more than double to $50bn by 2025 due to pandemic-driven boom

Publié le mercredi 07 octobre 2020.
Temps de lecture : 3 minutes.
The GCC’s e-commerce sector is predicted to more than double to $50 billion in the next five years, up from $24bn this year, as pandemic-related movement restrictions lead to a shift in shopping habits in the region, according to a new report. The report by consultancy Kearney forecasts that the sector will grow at a compound annual rate of 20 per cent between 2020 and 2022, with growth tapering off to 14 per cent per year from 2022 to... Lire la suite...
World’s largest fountain to launch in Dubai on the Palm Jumeirah

World’s largest fountain to launch in Dubai on the Palm Jumeirah

Publié le lundi 05 octobre 2020.
Temps de lecture : 2 minutes.
Dubai: Because one record-breaking fountain isn’t enough, Dubai will be home to two of them. The ‘Palm Fountain’, which is set to launch on Thursday, October 22, will attempt to break a Guinness World Record as the worlds’ largest fountain, potentially moving the Dubai Fountain at Dubai Mall to second place. Located at the Pointe, a lifestyle and dining destination on Palm Jumeirah, the ‘Palm Fountain’, is the Palm’s latest... Lire la suite...
Saudi Arabia to host world’s richest horse race in February

Saudi Arabia to host world’s richest horse race in February

Publié le jeudi 01 octobre 2020.
Temps de lecture : 7 minutes.
The Jockey Club of Saudi Arabia (JCSA) on Tuesday announced the return of the world’s richest horse race, the $20-million Saudi Cup, as well as a prize money increase and a new international race. The race will take place on February 19 and 20, 2021. At a series of press events held via video link from King Abdulaziz Racecourse in Riyadh, HRH Prince Bandar Bin Khalid Al Faisal, Chairman of the Jockey Club of Saudi Arabia, was keen to... Lire la suite...
Saudi Arabia’s tourism fund signs deal with banks to finance up to $43bn worth of projects

Saudi Arabia’s tourism fund signs deal with banks to finance up to $43bn worth of projects

Publié le mardi 29 septembre 2020.
Temps de lecture : 3 minutes.
Source: Pixabay Saudi Arabia’s Tourism Development Fund signed an agreement with the country’s two major lenders Riyad Bank and Banque Saudi Fransi to finance tourism projects worth up to 160 billion Saudi riyals ($43bn) in the kingdom. As part of the deal, the fund and the banks will set up a mechanism to support the financing of tourism projects in various regions of the kingdom, according to a statement on state news agency SPA on... Lire la suite...
Are UAE businesses finally back on track after COVID-19?

Are UAE businesses finally back on track after COVID-19?

Publié le lundi 28 septembre 2020.
Temps de lecture : 6 minutes.
Businesses are focussed on going hyper-local in generating sales until tourists return Dubai: UAE’s businesses are taking fresh lessons in the value of community – be close to the consumer and they have a better chance of staging a recovery from the pandemic. And in less time as well. Whether it is an F&B or grocery outlet or stores focused on providing services to that particular community, they are the ones recording improved sales... Lire la suite...
All emirates in the UAE start issuing tourist visas

All emirates in the UAE start issuing tourist visas

Publié le jeudi 24 septembre 2020.
Temps de lecture : 2 minutes.
The UAE’s Federal Authority for Identity and Citizenship (ICA) has announced that it has resumed issuing entry permits into the country, starting Thursday, September 24. However, work permits will still not be issued at this stage. “The resumption of this service is within the framework of easing restrictions and strengthening the state’s efforts towards supporting recovery plans of the country’s tourism sector and economy,” read... Lire la suite...
GCC healthcare sector investments to reach $89bln by 2022

GCC healthcare sector investments to reach $89bln by 2022

Publié le mercredi 23 septembre 2020.
Temps de lecture : 3 minutes.
KPMG says healthcare expenditure in the region will increase by 50% over a decade Healthcare-related expenditure in the GCC states grew from $60 billion in 2013 to $76 billion in 2019 and is expected to grow to a further $89 billion by 2022, an overall increase of nearly 50 percent from 2013 to 2022, according to global accounting and consulting firm KPMG. From 2018 to 2022, private-sector healthcare spending is forecast to increase at a... Lire la suite...
Dubai hosts first medical conference since onset of Covid-19 pandemic

Dubai hosts first medical conference since onset of Covid-19 pandemic

Publié le mardi 22 septembre 2020.
Temps de lecture : 2 minutes.
More than 450 local and international health specialists attended physically or virtually Dubai has hosted the “6th Annual MENA International Orthopaedic Congress”, in the physical and virtual presence of over 450 specialists from 20 countries worldwide. The hybrid event, hosted with support from the country’s health authorities and events management firm Maarefah Management, was the first of its kind congress since the social... Lire la suite...
Qatar’s first solar agriculture greenhouse

Qatar’s first solar agriculture greenhouse

Publié le lundi 21 septembre 2020.
Temps de lecture : 4 minutes.
Qatar University’s (QU) Solar Greenhouse project is funded by the Qatar National Research Fund (QNRF), National Priority Research Program (NPRP), in collaboration with Department of Agricultural Research of the Ministry of Municipality and Environment (MME). During the past 15 years, Qatar witnessed rapid economic and exponential population growth. Thus, the research and development projects of Protected Agriculture is essential for healthy... Lire la suite...
Reopening of international flights in Saudi Arabia:

Reopening of international flights in Saudi Arabia:

Publié le jeudi 17 septembre 2020.
Temps de lecture : 1 minute.
Saudi Arabia is set to ease its suspension on international flights from 06:00 on Tuesday 15th September, after nearly six months of an air travel ban aimed at curbing the spread of coronavirus. The Kingdom will end some restrictions on air, land and sea transport for its citizens from tomorrow. From 1st January 2021, all restrictions are set to be lifted. Saudi Arabia suspended all international flights in March this year. Gulf citizens... Lire la suite...
Saudi Arabia reopens its land borders with UAE, Kuwait, Bahrain

Saudi Arabia reopens its land borders with UAE, Kuwait, Bahrain

Publié le mercredi 16 septembre 2020.
Temps de lecture : 1 minute.
JEDDAH: Saudi Arabia’s land borders with the UAE, Kuwait and Bahrain will reopen after a four-month closure as the Kingdom eases the pandemic’s restrictions and economic activity returns to normal. Commercial trucks carrying goods for the Kingdom will also be allowed to enter through land ports from Gulf Cooperation Council (GCC) states following a circular issued by Saudi Customs. On March 7, the Kingdom announced that land border... Lire la suite...
For start: 15 other destinations from Muscat next month

For start: 15 other destinations from Muscat next month

Publié le jeudi 10 septembre 2020.
Temps de lecture : 1 minute.
Oman’s national carrier, Oman Air, tweeted on Wednesday night confirming that it would resume flights from Muscat International Airport to 16 destinations in 12 countries, including the UAE, from October 1. The airline confirmed that these flights will connect Muscat with London, Istanbul, Frankfurt, Cairo, Mumbai, Delhi, Kochi, Dubai, Doha, Dar Es Salaam, Zanzibar, Kuala Lumpur, Manila, Lahore and Islamabad, with more destinations expected... Lire la suite...
Dubai’s Danube chairman on why the UAE will see a V-shaped recovery from the Covid crisis

Dubai’s Danube chairman on why the UAE will see a V-shaped recovery from the Covid crisis

Publié le mercredi 09 septembre 2020.
Temps de lecture : 9 minutes.
The UAE is poised for a rapid rebound from the Covid-19 pandemic, mainly led by tourism, opines Danube Group’s Rizwan Sajan As he admits, the chairman and founder of Dubai-based construction and property conglomerate Danube Group is an optimist by nature, and hence it is easy to fathom why he believes that the UAE’s economy will recover rapidly from the Covid-19 crisis. “The UAE is set to witness one of the fastest V-shaped... Lire la suite...
Oman to resume international flights from October 1

Oman to resume international flights from October 1

Publié le mardi 08 septembre 2020.
Temps de lecture : 2 minutes.
Oman is set to reopen to international flights on October 1. The country’s Supreme Committee said it would restart international flights to and from the sultanate next month in accordance with health data for specific destinations. No further details of the reopening have been released, but it’s likely that Oman will categorise destinations based on the scale of the coronavirus outbreak in each country. Following the announcement,... Lire la suite...
Bahrain re-opens borders to tourists and non-residents from 182 countries

Bahrain re-opens borders to tourists and non-residents from 182 countries

Publié le lundi 07 septembre 2020.
Temps de lecture : 1 minute.
Passengers must undergo a PCR test at their own expense after landing Those staying in the country for longer than 10 days must take a follow-up test on the 10th day of their visit. Bahrain has re-opened its borders to tourists and non-residents following the introduction of new Covid-19 testing measures. Passengers holding electronic visas and those eligible for visas on arrival – from 114 countries and 68 countries respectively –... Lire la suite...
Lufthansa to increase Dubai flights by 30% as demand returns

Lufthansa to increase Dubai flights by 30% as demand returns

Publié le jeudi 03 septembre 2020.
Temps de lecture : 3 minutes.
German flag carrier Lufthansa has revealed plans to ramp up its operations from Dubai, with a 30 percent increase in flights from the emirate to Frankfurt from the company’s restart operations in August. The addition of eight new flights will see five flights-a-week from September 3 to 13, and four weekly services as of September 14. “After a positive restart in August we already see our commitment to the market further strengthening... Lire la suite...
Dubai ranks first in Arab region in medical tourism

Dubai ranks first in Arab region in medical tourism

Publié le mercredi 02 septembre 2020.
Temps de lecture : 4 minutes.
Dubai has maintained its position as the leading Arab destination for medical travellers for the second year in a row, according to the Global Medical Tourism Index, which was recently released by the International Healthcare Research Center (IHRC). Worldwide, the emirate, one of the globe’s most preferred tourist hubs, ranked sixth on the list of 46 unique destinations, reflecting anew its competitiveness in providing advanced healthcare... Lire la suite...
July offers a cargo boost for Middle East carriers

July offers a cargo boost for Middle East carriers

Publié le mardi 01 septembre 2020.
Temps de lecture : 2 minutes.
With passenger services also resuming, they can look to a much better fourth quarter 2020. Dubai: Middle East carriers managed some gains in their cargo volumes during July compared with June, spelling out more hope for an industry that is picking up the pieces from the COVID-19 hit. Along with them resuming more passenger services, it is hoped they can see some drastic improvements during the crucial fourth quarter. In July,... Lire la suite...
Safe zones: how Abu Dhabi plans to host major global events amid Covid threat

Safe zones: how Abu Dhabi plans to host major global events amid Covid threat

Publié le lundi 31 août 2020.
Temps de lecture : 4 minutes.
Department of Culture and Tourism – Abu Dhabi to evolve ‘safe zones’ concept to continue to host events despite Covid-19 restrictions The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced it is to develop its “safe zone” to ensure the return of tourism and other major events in the coming months. Tha announcement follows the recent successful delivery of UFC Fight Island, which featured the creation of... Lire la suite...
Virtual reality entertainment backer has big plans for the Gulf

Virtual reality entertainment backer has big plans for the Gulf

Publié le jeudi 27 août 2020.
Temps de lecture : 8 minutes.
Dubai-based equity fund Immersive Experiences (IEX) has revealed plans to double its portfolio in the next five years. The company launched XStrike, in Al Quoz, in December, a live-action combat simulation concept, and was set to open up Woo Hoo, an experimental edutainment centre aimed at parents and children, before the first Eid break earlier this year. The onset of coronavirus saw that delayed, with the launch now scheduled for next... Lire la suite...
Global trade to stabilise further as major economies re-open

Global trade to stabilise further as major economies re-open

Publié le mercredi 26 août 2020.
Temps de lecture : 4 minutes.
A cautious optimism has continuously marched ahead over the last few months, as several advanced economies gradually “re-opened” their activities, hopefully leaving the peak of the pandemic shock behind. The stabilisation of the COVID-19 spread and aggressive policy stimulus produced a significant reversal of economic trends, from a rapid but deep depression to what so far appears to be a recovery to close to previous levels in the medium... Lire la suite...
Dubai Customs transactions jump 36pc

Dubai Customs transactions jump 36pc

Publié le mardi 25 août 2020.
Temps de lecture : 1 minute.
Customs transactions processed by Dubai Customs jumped 36% in the first five months of 2020 to reach 5.9 million compared to 4.4 million transactions in the corresponding period of 2019. Dubai Customs completed 5.88 million transactions (99.2%) through smart and online channels, with only 0.8% done through the service counters, a release said. Customs declarations rose 42% in the first five months of this year to reach 5 million declarations... Lire la suite...
Bahrain cancels mandatory 10-day quarantine for all inbound travellers

Bahrain cancels mandatory 10-day quarantine for all inbound travellers

Publié le lundi 24 août 2020.
Temps de lecture : 2 minutes.
However, everyone still is tested for Covid-19 on arrival at the Bahrain The Bahrain government confirmed that the mandatory 10-day quarantine was lifted for all incoming passengers whose Covid-19 test undertaken upon their arrival in the country is confirmed to be negative beginning on Thursday, August 20. Passengers arriving in Bahrain will be subjected to a mandatory Covid-19 PCR test at the airport itself, with another test conducted... Lire la suite...
Dubai businesses return to growth first time since virus struck

Dubai businesses return to growth first time since virus struck

Publié le mardi 11 août 2020.
Temps de lecture : 3 minutes.
Gains in output and new work were largely behind the first expansion in the non-oil economy in five months • The rate of output growth was the quickest so far in 2020 • Construction as well as the wholesale and retail industry are leading the upswing • Travel and tourism had their first rise in activity since February despite lagging behind in terms of output growth • Inventories rose at the strongest rate since last... Lire la suite...
Covid-19 impact positive through 2025, say Saudi leaders

Covid-19 impact positive through 2025, say Saudi leaders

Publié le lundi 10 août 2020.
Temps de lecture : 4 minutes.
Most thought leaders and decision makers in Saudi Arabia anticipate that Covid-19 will be a positive accelerant of the transformation already underway in the Kingdom, according to a new report. The survey commissioned by independent Saudi think tank Al Aghar Group in partnership with global management consultancy Kearney focused specifically on the social impact of the Covid-19 crisis on the Kingdom through 2025. Respondents believe that... Lire la suite...
Jumeirah certifies more properties

Jumeirah certifies more properties

Publié le jeudi 06 août 2020.
Temps de lecture : 2 minutes.
Jumeirah set the bar high last month with three additional properties within its Dubai portfolio receiving the prestigious Bureau Veritas Safeguard Label. Guests staying at Jumeirah Al Qasr, Jumeirah Dar Al Masyaf and Jumeirah Creekside Hotel in Dubai can be assured of the highest hygiene standards after these three additional five-star hotels followed in the footsteps of Jumeirah Al Naseem to be awarded Bureau Veritas’ Safeguard Label.... Lire la suite...
GCC healthcare sector poised for significant investments in digital health to kick-start recovery of industry post COVID-19

GCC healthcare sector poised for significant investments in digital health to kick-start recovery of industry post COVID-19

Publié le mardi 04 août 2020.
Temps de lecture : 5 minutes.
Joint research conducted by Mashreq, one of the leading financial institutions in the UAE, and Frost & Sullivan, a growth strategy consulting and research firm, reveals that Gulf Cooperation Council (GCC) healthcare service providers are poised for significant investments in digital health to kick-start the recovery of the industry post COVID-19. The research report, titled GCC Healthcare: A Glance into the Future, found that revenue in the... Lire la suite...
Eid Al Adha 2020 different than usual

Eid Al Adha 2020 different than usual

Publié le jeudi 30 juillet 2020.
Temps de lecture : 3 minutes.
Muslims around the world are set to celebrate the annual festival of Eid al-Adha – the Festival of Sacrifice – which falls on the 10th day of Dhul Hijjah, the 12th and last month of the Muslim lunar calendar. Eid al-Adha is the second major Muslim festival after Eid al-Fitr, which marks the end of Ramadan, the month of fasting. The occasion will be celebrated in most countries on Friday, July 31. Here are five things to know about... Lire la suite...
Union Coop opens major warehouse in Dubai

Union Coop opens major warehouse in Dubai

Publié le mercredi 29 juillet 2020.
Temps de lecture : 2 minutes.
Union Coop, the largest consumer cooperative in the UAE, opened ‘Coop Factory’ – one of the largest commodity warehouses in the Middle East and its wholesale branch to sell food and non-food commodities. The new warehouse is located in the Al Tayy suburb of Dubai and will sell commodities at wholesale prices, which will be at discounts ranging between 15 to 20%, it said. The total area of the warehouse and the Union Coop branch is... Lire la suite...
Saudi’s Arabia Red Sea development dreams begin to take shape

Saudi’s Arabia Red Sea development dreams begin to take shape

Publié le mardi 28 juillet 2020.
Temps de lecture : 13 minutes.
While the global tourism industry is reeling from the effects of Covid-19 on international travel and travellers choose to stay put, one of the most ambitious luxury leisure developments in the world is quietly taking shape in a corner of Saudi Arabia rightly described as the last hidden gem in the world. Jola Chudy speaks to Red Sea Development Company CEO Jon Pagano about how a quest to build a resort of unmatched luxury goes hand in hand with... Lire la suite...
UAE’s used car sales set to surge past 1 million mark by 2025

UAE’s used car sales set to surge past 1 million mark by 2025

Publié le lundi 27 juillet 2020.
Temps de lecture : 6 minutes.
For every new car sold in the UAE in 2019, about 3.5 used cars were sold. By 2025, this ratio is expected to settle at about 2.9: 1 in favour of used cars, with overall sales crossing the 1 million mark. What’s clear from these figures, based on Frost & Sullivan’s recent analysis, Growth Opportunities in the UAE Used Car Market by 2025, is that the UAE’s used car market has new energy and dynamism. Consumers are being drawn to... Lire la suite...
$5bn green hydrogen, ammonia facility planned in Neom

$5bn green hydrogen, ammonia facility planned in Neom

Publié le jeudi 23 juillet 2020.
Temps de lecture : 4 minutes.
Air Products, in conjunction with Acwa Power and Neom, announced the signing of an agreement for a $5-billion world-scale green hydrogen-based ammonia production facility powered by renewable energy in Saudi Arabia. The project, which will be equally owned by the three partners, will be sited in Neom, a new model for sustainable living located in the northwest corner of Saudi Arabia, and will produce green ammonia for export to global... Lire la suite...
GCC construction sector set to gain ground in Q4

GCC construction sector set to gain ground in Q4

Publié le mercredi 22 juillet 2020.
Temps de lecture : 4 minutes.
The GCC construction sector has bottomed out, and the market will gain momentum in fourth quarter when new big contract awards will be awarded following a recovery in oil prices and increased optimism about economic growth amidst falling Covid-19 cases, say industry executives and analysts. “Ongoing construction activity has already resumed its recovery. While market sentiment leans towards a recovery in first quarter of 2020, subject to... Lire la suite...
Dubai hotel operators ‘cautiously optimistic’ as tourists begin to trickle in

Dubai hotel operators ‘cautiously optimistic’ as tourists begin to trickle in

Publié le mardi 21 juillet 2020.
Temps de lecture : 3 minutes.
Hotel operators in Dubai have recorded an increase in enquiries as the emirate re-opens to tourism, with many expressing cautious optimism that demand will pick up over the coming months. On Tuesday, July 7, Dubai reopened its doors to international visitors in the hopes of reviving its tourism industry after a closure that lasted almost four months. In an interview Jumeirah Group chief commercial officer Alexander Lee explained that... Lire la suite...
Abu Dhabi non-oil foreign trade hits $21.84bn in 5 months

Abu Dhabi non-oil foreign trade hits $21.84bn in 5 months

Publié le lundi 20 juillet 2020.
Temps de lecture : 2 minutes.
The value of Abu Dhabi’s non-oil foreign trade reached AED80.23 billion ($21.84 billion) during the first five months of 2020, the Abu Dhabi Customs has announced. Exports value reached AED23.20 billion ($6.32 billion) and the re-export value hit AED14.79 billion, while imports amounted to AED42.24 billion. Saudi Arabia remained the top trading country with Abu Dhabi during the period with the trade reaching AED17.91 billion.... Lire la suite...
Huge new online fulfilment centre for Carrefour in Dubai

Huge new online fulfilment centre for Carrefour in Dubai

Publié le mardi 14 juillet 2020.
Temps de lecture : 2 minutes.
Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has opened its largest Carrefour online fulfilment centre. Located in Dubai’s Al Garhoud area, the facility has been set up to ensure the quick and efficient preparation and delivery of products to online shoppers across the emirate. Visible from planes landing at the nearby Dubai International Airport, the Al... Lire la suite...
$15 billion Gulf Railway to begin operations by 2023

$15 billion Gulf Railway to begin operations by 2023

Publié le lundi 13 juillet 2020.
Temps de lecture : 1 minute.
A $15 billion railway connecting the Gulf States is expected to begin operating in 2023, following almost twenty years of stalling and uncertainty, Saudi newspaper Al-Jazirah has revealed. The Gulf Railway will connect the Gulf Cooperation Council member states. The first phase to be completed will connect Saudi Arabia, Oman and the United Arab Emirates. The second phase is intended to be completed by 2025, and will link Saudi Arabia, Kuwait... Lire la suite...
New committee to ease building permit process set up in Dubai

New committee to ease building permit process set up in Dubai

Publié le jeudi 09 juillet 2020.
Temps de lecture : 2 minutes.
The decision authorises the committee to list, analyse, revise and develop procedures for providing services related to the issuance of building permits. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, Vice President and Prime Minister of the UAE, has issued a new decision pursuant to which a temporary committee named ‘Dubai’s Committee for Building Permit Procedures Development’ will be formed. He issued the... Lire la suite...
Despite downturn, Saudi Arabia pursues goal of doubling size of capital city

Despite downturn, Saudi Arabia pursues goal of doubling size of capital city

Publié le mercredi 08 juillet 2020.
Temps de lecture : 3 minutes.
Saudi Arabia is pressing on with plans to double the size and population of its capital city in the next decade, a government official said, despite an economic downturn due to the coronavirus crisis and low oil prices. Fahd Al-Rasheed, president of Riyadh’s royal commission, said the government has already committed some $266.6 billion for ongoing and new projects as part of total investments of some $800 billion over the next 10 years in... Lire la suite...
Full list of cities that Dubai airlines now connect for tourists and residents

Full list of cities that Dubai airlines now connect for tourists and residents

Publié le mardi 07 juillet 2020.
Temps de lecture : 3 minutes.
With Dubai all set to welcome foreign tourists from July 7, the city’s local airlines Emirates and flydubai have shared an updated list of destinations in their flight network. Emirates has resumed services to 51 destinations while flydubai now operates flights to 17 cities. Currently, the largest network of available Emirates flights is from Europe, covering a total of 18 destinations: Amsterdam, Athens, Barcelona, Brussels, Copenhagen,... Lire la suite...
Saudi Arabia’s Qiddiya to award 10bn riyals of contracts for Riyadh mega project

Saudi Arabia’s Qiddiya to award 10bn riyals of contracts for Riyadh mega project

Publié le lundi 06 juillet 2020.
Temps de lecture : 5 minutes.
The Qiddiya project coming up in Riyadh is expected to boost tourism potential of Saudi Arabia. Saudi Arabia’s Qiddiya Investment Company, backed by the kingdom’s sovereign wealth fund, plans to award at least 10 billion riyals ($2.66bn/Dh9.79bn) worth of contracts to various companies this year to speed up the construction of a mega entertainment and sports project in the capital Riyadh. “We’ve awarded well over 1bn riyals... Lire la suite...
Kuwait eases restrictions as it enters Phase 2 of reopening of economy

Kuwait eases restrictions as it enters Phase 2 of reopening of economy

Publié le jeudi 02 juillet 2020.
Temps de lecture : 1 minute.
Kuwait City: Kuwait has opened shopping malls, allowed 30 per cent of private and public sector employees to return to work, and has put in place a new partial curfew from 8pm to 5am as part of Phase 2 of its efforts to reopen the economy. The announcement was made by governmental spokesman Tareq Al Mezrem during a virtual press conference late last month. “The cabinet of ministers’ interest in reopening the economy led to the decision... Lire la suite...
Tourism in Saudi Arabia is a booming sector

Tourism in Saudi Arabia is a booming sector

Publié le mardi 30 juin 2020.
Temps de lecture : 1 minute.
According to a report in the Saudi Gazette, Saudi authorities are working to open 38 tourist sites in seven different tourist destinations by 2022. “Tourism constitutes 10 percent of the average total income of the world’s economies,” Al Khateeb said. “This sector constitutes 18 percent of Spain’s income, for example, 16 percent of France’s income, while it contributes 3.5 percent of the income in the kingdom’s... Lire la suite...
Dubai developer backs construction sector to ‘get back on track’ soon

Dubai developer backs construction sector to ‘get back on track’ soon

Publié le jeudi 25 juin 2020.
Temps de lecture : 2 minutes.
Dubai-based developer Rizwan Sajan said “it’s just a matter of time for the [construction] sector to come back” in the Gulf region, despite the impact of Covid-19 pandemic. The founder and chairman of Danube Group, which has launched multiple projects across Dubai, said the construction sector in the GCC region is linked to the price of oil and once the price nears $50, the property market will see a resurgence in activity, including... Lire la suite...
Sharjah opens cinemas, entertainment centres

Sharjah opens cinemas, entertainment centres

Publié le mardi 23 juin 2020.
Temps de lecture : 1 minute.
Sharjah’s Economic Development Department (SEDD) has said that cinemas, auction houses, entertainment centres, valet services and fitness facilities in the UAE emirate can re-open with 50 per cent capacity provided they follow the necessary safety guidelines. These guidelines include taking temperature checks, providing visitors with sanitisers and ensuring safety distance of 2 m, in addition to limiting customers to 50 percent of store... Lire la suite...
Saudi Arabia lifts national curfew, resumes commercial activities

Saudi Arabia lifts national curfew, resumes commercial activities

Publié le lundi 22 juin 2020.
Temps de lecture : 1 minute.
Saudi Arabia resumed all commercial activities and lifted restrictions on movement even as coronavirus cases show no signs of easing. The curfew was lifted across the nation from 6am from Sunday, June 21, but international travel. Social distancing remains in place and wearing of masks is mandatory. Gatherings can’t exceed 50 people. In the first week of June, Saudi reimposed a partial curfew across the governorate of Jeddah for a... Lire la suite...
UAE ranks among world’s most trusted governments

UAE ranks among world’s most trusted governments

Publié le mercredi 17 juin 2020.
Temps de lecture : 3 minutes.
Trust in the UAE government surged 11 points to an all-time high of 65 per cent, making it the most trusted institution globally above businesses, NGOs and the media, a report said. Trust in the UAE Government is evidenced by 55 per cent of respondents who believe it serves the interests of everyone equally and fairly, added the 20th anniversary edition of the Edelman UAE Trust Barometer. The research is conducted by Edelman Intelligence, a... Lire la suite...
Qatar to lift coronavirus restrictions in four phases

Qatar to lift coronavirus restrictions in four phases

Publié le mardi 09 juin 2020.
Temps de lecture : 1 minute.
Gulf country will gradually start easing lockdown from June 15, government Qatar will start lifting coronavirus restrictions under a four-phase plan starting June 15. Government spokesperson Lolwa Rashed al-Khater on Monday said some mosques would be allowed to reopen from June 15, and some stores in malls will also be allowed to reopen if certain conditions are met. The second phase of easing the lockdown would start on July 1, the third... Lire la suite...
Saudi Arabia three phase plan to ease COVID-19 restrictions

Saudi Arabia three phase plan to ease COVID-19 restrictions

Publié le lundi 08 juin 2020.
Temps de lecture : 2 minutes.
Saudi Arabia announced it is going to ease some restrictions taken to limit the spread of coronavirus, allowing movement and resumption of some economic and commercial activities. At present the country remains at second phrase. First phase In the first phase, movement within and between all regions of the Kingdom in private cars was allowed from 6.00am to 3.00pm except in Mecca. Economic and commercial activities were resumed in retail and... Lire la suite...
Qatar announces easing of coronavirus restrictions

Qatar announces easing of coronavirus restrictions

Publié le vendredi 05 juin 2020.
Temps de lecture : 1 minute.
Qatar has started to ease its coronavirus restrictions slightly by extending the working hours of the commercial and service sectors. From Thursday, the permitted working hours for commercial and service activities are from 7am to 8pm local time, according to the Ministry of Commerce and Industry. All industrial activities, contracting companies, and engineering supervisory works – construction sites and engineering offices – will also... Lire la suite...
Dubai: gyms, entertainment venues, theaters etc. to reopen

Dubai: gyms, entertainment venues, theaters etc. to reopen

Publié le jeudi 04 juin 2020.
Temps de lecture : 1 minute.
The Dubai government announced new measures to lift restrictions on businesses, allowing gyms, movie theaters, leisure venues, educational and training institutes, child learning centers and all retail and wholesale establishments to reopen. Entertainment and leisure venues like the Dubai Ice Rink and Dolphinarium are able to reopen as well. Shopping malls operators and private sector enterprises in Dubai have hailed the reopening of... Lire la suite...
Kuwait has started implementing a five-phased plan

Kuwait has started implementing a five-phased plan

Publié le mercredi 03 juin 2020.
Temps de lecture : 1 minute.
Kuwait has started implementing a five-phased plan to reopen the economy completely by mid-September. Under the current phase, which will last for three weeks, those looking to shop at cooperative societies and supermarkets will need to do a prior booking online – as it was during the curfew. Health authorities will assess progress before moving to the next phase. Source: Gulf Business Lire la suite...
Oman slightly eases lockdown

Oman slightly eases lockdown

Publié le mardi 02 juin 2020.
Temps de lecture : 1 minute.
The health closure/isolation of Oman’s capital was lifted from Friday, May 29. The governorate has been in a state of lockdown since April 10 to curb the spread of Covid-19. Oman News Agency reported on Wednesday that the committee has also decided to let 50 per cent of staff to work from offices from Sunday, May 31. This came as the committee held a meeting under the chairmanship of Sayyid Hamoud bin Faisal al Busaidi, Minister of... Lire la suite...
Saudi Arabia is reopening restaurants and coffee shops

Saudi Arabia is reopening restaurants and coffee shops

Publié le lundi 01 juin 2020.
Temps de lecture : 1 minute.
Restaurants and coffee shops in Saudi Arabia have reopened their dine-in sections to customers after more than two months of closure as a part of the lockdown imposed by the government to limit the spread of coronavirus disease (COVID-19). The reopening comes as a part of the second phase of a government plan, announced on May 26, to resume economic activity and gradually return to normal. The second phase reduces the curfew and increases time... Lire la suite...
Kuwait organisations in deal to build new industrial port

Kuwait organisations in deal to build new industrial port

Publié le vendredi 29 mai 2020.
Temps de lecture : 1 minute.
The Kuwait Port Authority has joined hands with the Public Authority for Industry (PAI) for the design and construction of an industrial port in the south of the country, reported Kuwait News Agency (KUNA). The MoU, which also includes a joint study for the project, aims to elevate Kuwait’s position worldwide and enhance its local manufacturing capability, stated the report. A public sector body run on a commercial basis under the... Lire la suite...
Saudi Arabia to resume domestic flights next week

Saudi Arabia to resume domestic flights next week

Publié le jeudi 28 mai 2020.
Temps de lecture : 1 minute.
Saudi Arabia is gearing up to resume domestic flights, beginning on May 31, as it eases coronavirus lockdown measures, said a report. Resumption of domestic flights will be in a phased manner and will include all domestic destinations within two weeks, Saudi Gazette reported citing a statement from the kingdom’s General Authority of Civil Aviation (GACA). The GACA added that it completed its operational preparations to gradually lift the... Lire la suite...
Refonte de notre site internet

Refonte de notre site internet

Publié le mardi 21 avril 2020.
Temps de lecture : 2 minutes.
Nouveau site internet par l'agence web Defaweux.be Dans le but d'améliorer la gestion de notre site internet, son édition, mais également le référencement naturel, nous avons contacté l'Agence Web Defaweux.be située à Lontzen pour réaliser la refonte de notre site Wordpress. Expert en création de sites internet, l'Agence Web Defaweux.be nous a permis de... Lire la suite...
S’armer, face aux difficultés liées à l’exportation : Import-Export Clubs des CCI

S’armer, face aux difficultés liées à l’exportation : Import-Export Clubs des CCI

Publié le mardi 17 janvier 2017.
Temps de lecture : 7 minutes.
S’armer, face aux difficultés liées à l’exportation : Import-Export Clubs des CCI Depuis de longues années, la CCI du Brabant wallon a misé sur l’internationalisation. Elle ne se contente pas d’assister les entreprises dans les nombreuses formalités liées à l’export. Elle les encourage aussi à développer leurs contacts internationaux en organisant des rencontres avec des acteurs du commerce international, des... Lire la suite...
The week of International Business

The week of International Business

Publié le jeudi 17 octobre 2013.
Temps de lecture : 1 minute.
François-Xavier Depireux was presence during Week of International Business. This event took place in Limburg, Belgium. François had a chance to describe « Ten tips how to do a business in the Middle-East » Lire la suite...

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