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Dubai Chamber Report Predicts Positive Years Ahead For UAE Economy (21 July 2018)
A new report from Dubai Chamber of Commerce and Industry(Dubai Chamber) has predicted prosperous years ahead for the UAE economy.

DIFC Strengthens Commitment To ’Belt And Road’ With China Everbright Group (21 July 2018)
Dubai International Financial Centre, DIFC, the leading international financial hub in the Middle East, Africa and South Asia, MEASA, region, has signed a Memorandum of Understanding, MoU, with China Everbright Group (CEG).

DP World Signs Agreement With Chinese Company To Boost International Trade (21 July 2018)
An agreement to jointly construct a new ’Traders Market’ at DP World’s flagship Jebel Ali Port and Free Zone in Dubai on a total build up area of three million square metres has been signed between the global trade enabler and the Zhejiang China Commodities City Group.

Tint World Enters UAE Market With New Location in Dubai (20 July 2018)
Tint World Automotive Styling Centers, a leading auto accessory and window tinting franchise, has entered the growing United Arab Emirates market with its first store in Dubai

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Booming domestic ICT sector expected to drive fresh Chinese investment to Dubai

With a thriving technology sector, deepening bilateral ties with China, and recent announcements by the UAE Cabinet to allow 100 percent foreign ownership in certain onshore industries, Dubai is an increasingly attractive trade and investment destination for Chinese investors looking for an opportunity in the city’s rapidly evolving tech industry – especially with the value of trade between UAE and China at almost AED195.8 billion (USD53.3 billion) last year, according to the Ministry of Economy.

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UAE a key Middle East stop along the silk road

The UAE is undisputedly the most important stop on China's 21st Century Maritime Silk Road Initiative, thanks to its world-class infrastructure and the top rankings in the world’s quality indices. The Industrial and Commercial Bank of China, one of the largest financial establishments in the world with estimated assets of US$2.3 trillion, has already set its eyes on expanding in the Middle East, and on contributing to the relations with the UAE, given the latter’s major role in international affairs and its fast-growing business sector, allowing for a significant increase in trade between the two countries and cooperation among their business and financial sectors. Last year, Abu Dhabi Ports signed a 50-year Mustaha agreement with the Jiangsu Provincial Overseas Cooperation and Investment Company, JOCIC, in the free trade zone of Khalifa Industrial Zone of Abu Dhabi, KIZAD.

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Electronic System to Return VAT to Tourists Entering Final Preparation Stages

The Cabinet Decision to implement a system that returns Value Added Tax (VAT) to tourists will cement the UAE’s status as a premier global tourist destination, asserted the Federal Tax Authority (FTA). In a press statement issued today, the Authority explained that the Cabinet Decision has set clear standards branded with transparency and accuracy in returning VAT refunds to tourists visiting the UAE. The Authority revealed that the project is nearing its final preparation stages, where an advanced system will be put in place to corresponds with international best practices. The system relies on an advanced integrated digital system to set up a direct connection with points of sale, as well as with all UAE ports of entry, allowing the global operator to coordinate among retailers registered with the FTA, and enable tourists to submit refund requests for their purchases.

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One Million Arab Coders allows 50 graduates to establish companies in Dubai

Dubai Future Foundation (DFF) announced the signing of a Memorandum of Understanding (MoU) with Dubai Airport Freezone Authority (DAFZA) to support the graduates of the One Million Arab Coders initiative, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to prepare a generation of technical experts by training one million Arab youth on programming, building their capacities to serve future needs, and contributing to the development of the digital economy; the economy of the future. The MoU was signed by Omar Sultan Al Olama, Minister of State for Artificial Intelligence and Deputy Managing Director of DFF, and Mohammed Al Zarooni, Director General of DAFZA.

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The USA Pavilion at Expo 2020 Dubai Unveils National Partners

 Expo 2020 Dubai — the next World’s Fair — may be two years away, but plans and preparation are well under way for the USA Pavilion. Recently, the U.S. Department of State announced that Big Things Group, leading the consortium Pavilion USA 2020, was appointed to oversee the fundraising, project management, design, construction, operation, and disassembly and removal of the USA Pavilion at Expo 2020 Dubai. Following a nation-wide request for proposal led by the Department of State, Pavilion USA 2020 will now begin a multi-year partnership to bring the USA Pavilion to life, a huge undertaking that will require the collaboration of its creative, commercial, and cultural partners from across the 50 United States.

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Souq Fashion Week. Buy Men’s Footwear at 60% off

With raining offers on Souq, the e-commerce giant leaves no stone unturned to lure its male customers. Yes, you got it right! This time the Middle East’s online platform comes up with abundant attractive deals on men’s footwear as a part of its fashion week sale. Here are some of the best offers under various brands for men’s shoes ranging from casual to formals available at Souq. Have a look at some of the best offers below. 

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Dubai Tourism introduces revenue management programme for hospitality professionals

Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has developed a new interactive training programme led by prominent industry experts at InsightsOut to help ensure Dubai’s resilient hospitality sector continues to maintain global price competitiveness, while improving the emirate’s overall occupancy levels, RevPAR and ADR. The Revenue Management Workshop programme will bring together hotel revenue managers, reservation managers, sales and marketing managers for a hands-on and practical session, to share fundamental best practices in yield management and forecasting, in addition to monitoring applications and tools. 

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Dubai among 50 destinations selected to host global innovation competition

Dubai is among 50 international destinations selected to play host to the 2018 edition of ‘Falling Walls Lab,’ a global innovation challenge that aims to identify ground-breaking ideas and nurture high potential talent. The competition, which will take place at Canadian University Dubai (CUD) on September 30, 2018, was recently launched at Dubai Technology and Entrepreneur Centre (DTEC) by Elisabetta Lampedecchia, Incubator Coordinator at CUD. This is the first time that the qualifying stage of the Lab competition is being held in the UAE.

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4:10:20 PM , 21 Jul 2018

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