SME News Dubai Economy Announced a 132% YoY Surge in Licenses.. Abu Dhabi announced a AED 6bn supply chain financing initiative to support SMEs, funded by the Ghadan 21 SME credit guarantee scheme.
SME News Vaccine Rollouts are Picking up Pace... Vaccine rollouts are picking up pace, with 34.48mn vaccine doses administered globally as of 16th January.
SME News Saudi Arabia, UAE, Bahrain and Egypt Restore Ties with Qatar... The UAE, Saudi Arabia, Bahrain and Egypt have agreed to fully restore ties with Qatar. The four countries signed an accord with Qatar during the 41st Summit of GCC Leaders, bringing an end to the regional impasse.
SME News Sterling Rises on Hopes that an EU-UK Trade Deal could be Close... Dubai issued a new law governing unfinished and cancelled projects: a special tribunal will be set up to oversee the liquidation of unfinished and cancelled projects as well as the settling of related claims.
SME News New Ownership Rules, Jobs and Investments expected to Rise by 35% in Dubai... The first phase of UAE’s economic recovery plan – with 15 initiatives – is more than 46% complete, according to the Economy Ministry
SME News UAE PMI posts Highest Reading in 11 months... PMI in the UAE increased to 51 in September (August: 49.4), posting the highest reading in 11 months. Mildly higher exports sales were reported.
SME News UAE has resumed issuing Entry Permits into the Country... UAE, Israel, and US will establish a joint strategic vision for energy partnership.
SME News Our Weekly Markets Summary... Economic growth in the UAE is forecast to contract by 5.2% this year, revealed the Central Bank’s latest quarterly review.
SME News Normalization of UAE-Israel Ties is estimated to bring Business Deals worth USD 300-550mn... ENBD signed agreements with Israel’s biggest lenders and DP World and Dubai Customs agreed to form trade links with Israel.
SME News Weekly Markets Summary - 17/09/2020 Abu Dhabi launched a new platform “Abu Dhabi Open Data” that offers more than 550 data sets on various sectors including tourism, education, energy and technology.
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.
