Abu Dhabi: Leading credit rating agency, S&P Global Ratings, expects the UAE GDP to grow by 5.3 percent in 2024. This is better compared to 3.4 percent in 2023. The agency said UAE banks reported exceptional profits for 2023 due to lower provisioning requirements and higher interest margins. In addition to improved liquidity levels as […]
Abu Dhabi: The Ministry of Economy has introduced a new intellectual property (IP) system comprising 11 initiatives to boost innovation and creativity in the country. These initiatives aim to create a favorable environment for inventors and creators to turn their ideas into successful ventures. The launch event, attended by Minister Abdulla bin Touq Al Marri […]
Dubai: Dubai had its best tourism year in 2023, attracting a whopping 17.15 million international visitors, as per data from Dubai’s Department of Economy and Tourism (DET). This marks a significant 19.4% increase from the 14.36 million tourists in 2022 and surpasses the previous record of 16.73 million visitors in 2019. This surge aligns with […]
Dubai: GCC companies are expanding into Saudi Arabia to capitalize on the vast opportunities arising from $3 trillion in foreign investments as part of Saudi Vision 2030. By obtaining new business licenses or setting up branches, firms are aligning with the Kingdom’s ambitious development plans. With over 88,858 new licenses issued in Q1 2023 and […]
Sharjah: The Sharjah Entrepreneurship Festival (SEF 2024) has wrapped up its two-day event with a record-breaking attendance of 10,000 visitors, double the number from its previous edition. This accomplishment solidifies its position as one of the region’s premier entrepreneurship celebrations. The festival aimed to empower founders and startups by providing knowledge, inspiration, and skill development, […]
WhatsApp trumps email, social media and calls as top communication method with customer Dubai: Zbooni has unveiled the findings of its 2024 MENA cCommerce Report. Polling a representative sample of 1,000 people across the UAE through independent researcher YouGov, Zbooni found that nine out of ten people prefer genuine human customer support from businesses over […]
Dubai : The use of generative AI in the workplace is surging in the UAE, with 40% of workers already having implemented or experimenting with the technology, compared to just 28% of workers globally, according to Salesforce’s generative AI snapshot research titled “The Promises and Pitfalls of Generative AI at Work”. In a potential boon […]
Dubai: Come March 2 nd and corporate teams from across the UAE will compete for honours in theregion’s inaugural IBPC Corporate Quiz 2024. The competition is open to all quizzing enthusiasts representing regional-based organisations. If you think you have what it takes, you and a colleague can register your team of 2 for this exciting […]
Largest edition in almost 3 decades, with 5,500+ global F&B companies confirmed to exhibit DUBAI: Dubai World Trade Centre (DWTC) has announced that Gulfood, the largest annual food and beverage sourcing event in the world, will take place from 19-23 February 2024, as the future of the food industry comes into focus. Gulfood continues to be […]
Dubai: The Dubai Taxi Company (DTC) has announced the expansion of its taxi fleet at Dubai Airports by 100%, with the addition of 350 new environmentally friendly taxis, effectively doubling its airport service capacity. The expansion aims to enhance the daily mobility of both Dubai residents and visitors and is attributed to the growing influx […]
Dubai: In the near future, our world will be flooded with information, creating a data deluge. By 2025, experts predict that the data created within a single year could fill 181 million libraries. This digital era, where the internet connects over two-thirds of the global population, is shaping our lives in profound ways. The upcoming […]
