Business

Dubai maintains world ranking as top FDI destination for tourism

Dubai: Dubai has retained its top rank worldwide for attracting foreign direct investment (FDI) into tourism in 2021. With AED6.4 billion in FDI across 30 FDI projects during the year, Dubai ranked number one in FDI capital, projects, and job creation in the tourism sector in 2021, according to The Financial Times’ fDi Markets data, […]

Odisha Government seeks FDI from UAE, CM Naveen Patnaik met key UAE business groups to promote investment in the state

UAE-based multinational retail conglomerate, Lulu Group International signs an MOU worth Rs.1,500 crore to explore investment opportunities in Odisha to set up Hypermarkets, shopping malls, and Agri & Seafood sourcing and processing hubs in Bhubaneswar, Cuttack, and Rourkela. Dubai: June 29, 2022 – Riding on the last two years of a high level of investments […]

Dubai Global initiative aims to strengthen the region’s position as a business hub in the world

Dubai: H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched ‘Dubai Global’, an initiative to establish 50 integrated commercial representative offices for Dubai in five continents across the world during the next few years. The initiative aims to strengthen Dubai’s position as one of […]

DIFC launches the region’s first Open Finance Lab

Dubai: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region launched the region’s first Open Finance Lab, heralding a new era of finance in the region. The Open Finance Lab initiative is a six-month programme that began on June 28, 2022. A total of […]

Google Earth Engine now available to businesses and governments

New Delhi: Google rolled out Earth Engine, a leading technology for planetary-scale environmental monitoring, to businesses and governments worldwide as an enterprise-grade service through Google Cloud. Google Earth Engine, which originally was launched to scientists and NGOs in 2010, combines data from hundreds of satellites and earth observation datasets with powerful cloud computing to show […]

Chef Vikas Khanna’s first-ever Phygital NFT unveiled in Dubai

Dubai: Akshaya.io, World’s first ‘Phygital’ platform has launched the first-ever digital twin and NFT of ‘Sacred Foods of India’, a limited-edition book by Michelin Star awarded Chef Vikas Khanna, in Dubai. Sanjeh Raja bought the first Phygital unit of the sandalwood book from ICCA (international Centre of Culinary) at a price of $50000 (AED183,655). This […]

Indian PM Modi to visit UAE on 28th June, Indian Business Community is hoping to open a new chapter in business relations

Modi to offer condolences on the passing of Sheikh Khalifa, congratulate HH Sheikh Mohammed Bin Zayed UAE: Indian Prime Minister Narendra Modi will visit the UAE on June 28, India’s Ministry of External Affairs announced on Wednesday. Prime Minister Narendra Modi will be visiting UAE after attending the G7 Summit, Prime Minister will be travelling […]

From dhow to superyachts: how the boat business has changed in Dubai

Dubai: With the world readjusting to a post-Covid reality, the global yacht and boat industry thrives, experiencing a significant expansion of the water sports tourism and rising attraction of the millennials towards outdoor recreational activities. Recent studies show that the recreational boating market reached a value of $21.3 Billion in 2021 and is expected to […]

Applabs expands its operations in MENA; appoints Sanjeev Bankira as Country Head

Dubai: Singapore-based Ad-tech platform and solutions company, Applabs today announced its expansion plan in MENA region, appointing Sanjeev Bankira as Country Head. Sanjeev will be spearheading the company’s operations in MENA and will be responsible for the strategic growth of Applabs in the region. He will be responsible for strengthening the local team, creating partnerships […]

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