SME News Dubai announces a Retirement Visa Programme... To qualify, the person needs to have a monthly income of AED 20k (USD 5446) or should have a savings of AED 1mn or a real estate asset worth AED 2mn.
SME News The UAE abolished the 1972 Israel Boycott Law… The UAE abolished Israel Boycott Law, allowing individuals and companies in the country to enter into agreements, also enabling trade, tourism and investment.
SME News The UAE plans to make Digital Economy a Priority for the Country... The contribution of the Digital Economy to GDP was 4.3% in 2019.
SME News The UAE agrees to Establish and Pursue Diplomatic Relations with Israel... In exchange Israel will suspend “temporarily” its plan to annex parts of occupied Palestinian territory in the West Bank.
SME News The Beirut Blast and its Recovery & Reconstruction dominate news in the Middle East… Beirut’s Governor stated that the repair bill for the capital will cost up to USD 5bn while the overall cost of damages is estimated at around USD 15bn.
SME News Abu Dhabi could become 'The Fight Capital of the World’ - UFC President, Dana White | BXB Dana White hails a ‘perfect’ series of events and claims that Abu Dhabi could become the Fight Capital of the World.
SME News BXB Proudly Sponsors Amir Albazi as he makes his UFC Debut on Fight Island, Abu Dhabi | BXB Amir’s story is remarkable. His family escaped war-torn Iraq and sought refuge in Syria, Kurdistan, and then Sweden.
SME News Dubai opens the City to International Tourists from 7th July... Abu Dhabi Department of Economic Development announced a new project to support enterprises operating in highly-skilled fields.
Dubai Dubai prepares to Welcome back Tourists from 7th July... Dubai allowed the resumption of more activities as well as allowing children under the age of 12 and those above 60 to visit malls and other public areas.
SME News Abu Dhabi Introduces a New Initiative to allow for faster issuance of Business Licenses... The new E-contract and E-signature System will ease the process of obtaining a license for one-person and limited liability companies.
SME News As Private Sector and Malls in UAE now operate at 100% capacity, please take precautions... Private Sector and Malls in Dubai are now permitted to operate at 100% capacity from 3rd June. Working hours should fall between 6 am and 11 pm.
SME News UAE resumes "Normal" Activities... The curfew timing has been reduced. Beaches, parks, cinemas, museums and tourist attractions have reopened with social distancing rules in place.
SME News The UAE does not plan to raise VAT from the Current Rate of 5%... Banks and Financial Institutions have drawn down 77% of the funds provided by the UAE Central Bank under the Targeted Economic Support Scheme.
SME News Postponement of Dubai Expo to 1st October 2021 has been Approved... The Federal Authority for Government Human Resources disclosed that remote work systems could be in place post-pandemic as well.
SME News Abu Dhabi plans to allocate 15% of Government Procurement Spending and Contracts to SME's... A joint statement by Emirates President and the CEO of Etihad Airways warns that passenger demand is unlikely to return to pre-crisis levels until 2023.
SME News The UAE partially lifts some lockdown measures across the Emirates... Entertainment venues and tourist attractions will remain closed, offices have to limit employees on its premises to 30% of the workforce.
SME News Battling Covid-19’s Impact: the Ministry of Economy reduced Fees of 94 Services... Government of Dubai extended closure of all inbound tour operators, hotels, restaurants, venues and event organisers until further notice.
SME News How are GCC Nations financing the Stimulus Packages? Overall stimulus measures in the GCC have crossed over 10% of 2019 GDP - Governments are taking actions to finance this spending.
SME News Dubai Expo Organisers have officially proposed 1st October 2021 as the new Starting Date... Bureau International des Expositions is set to decide on the date of this 6-month long event at the next meeting to be held on 21st April 2020.
SME News UAE and MENA announce a range of Stimulus Packages to combat Covid-19... UAE Government announced additional stimulus of AED 16bn to support the economy, thereby bringing the total amount to AED 126bn so far.
SME News Global Financial Markets suffer their worst day since 1987’s Black Monday... Oil prices continued to decline on news of higher production plans from UAE and Saudi Arabia while the gold price ended the week with a loss of 8.6%.
SME News Saudi Arabia temporarily halts all entry by land from the UAE, Bahrain and Kuwait… Entry is permitted only via the three international airports in Riyadh, Jeddah and Dammam. Furthermore, the Umrah pilgrimage is suspended temporarily.
SME News Brent Crude Oil down 14% on Virus Concerns… In the UAE, non-oil sector GDP grew at just 1.1% last year – the slowest pace since at least 2011 – down from 2018’s 1.3%.
SME News 50 initiatives are underway to attract and support Small Businesses in UAE... Achievements include Hub71 (the technology centre) with 39 startups, the Abu Dhabi Climate Initiative, the AED 535m Ventures Fund and so on.
SME News Tourists into Saudi Arabia are forecast to rise by 38%… CEOs in Saudi Arabia are upbeat about the domestic economy while remaining concerned about the global growth outlook, according to a KPMG survey of 50 CEOs.
