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Tag Archives: business

Dh50b accelerators plan for Abu Dhabi approved

His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, on Sunday announced the approval of a three-year Dh50 billion budget for the Abu Dhabi Government Accelerators Programme ‘Ghadan 21’. “Dh20 billion will be allocated to the 2019 development …

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OPINION: What the Swiss can offer Lebanon

By Ghassan Michel Rubeiz East Meredith, New York   This week a Swiss delegation led by President Alain Berset is visiting Lebanon to strengthen “bilateral relations”. The team is also discussing the pressing issue of the Syrian refugees. Lebanon hosts the largest refugee population in the world, per capita; and …

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Set up your business in UAE in just 15 minutes

Investors can set up new businesses and companies in the UAE in just 15 minutes now through the ‘Bashr’ online platform proposed by the TRA in partnerships with more than 50 federal and local governments. According to Hamad Obaid Al Mansouri, Director General of Telecommunications Regulatory Authority (TRA), the process …

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Callix brings contact centre at affordable prices

Dubai-based Callix aims to capitalise on human interaction instead of impersonal digital personas to help small- and medium-sized enterprises in the UAE to drive business and unify customer experience. According to Forrester data, 72 per cent of businesses list customer experience improvement as a top priority. Arif Saiyad, founder and …

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The changing face of UAE business

Last week’s announcement that private firms would no longer have to provide a Dh3,000 bank guarantee to recruit each new employee is just the latest of a series of measures aimed at transforming the UAE’s economy. The packages announced this year are an indication that the objectives announced in a …

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Fourth MEPRA Leadership Majlis Brings Together Almost 200 Industry Leaders to Discuss Fake News, CEO Activism, Communications Leadership and More

The Middle East Public Relations Association (MEPRA) hosted the fourth Leadership Majlis today, the year’s major communications conference in Abu Dhabi. The 2018 edition brought together almost 200 industry professionals from more than 40 organisations, to uncover the industry’s biggest challenges trends and opportunities. Speakers included senior leaders from The …

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New fertility clinic opens in RAK

The first fertility centre was opened yesterday in Ras Al Khaimah at RAK Hospital, in collaboration with the Bourn Hall Fertility Centre. The two entities will collaborate to provide comprehensive fertility services in Ras Al Khaimah, Ajman, Umm Al Quwain and Fujairah The collaboration will ensure top-of-the-line In Vitro Fertilisation …

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Think Big: Make It Happen in Business and Life

By Donald J. Trump and Bill Zanker — Donald J. Trump is an icon: the very definition of the American success story. Republican Presidential candidate, reality-television star, and developer of some of the planet’s most prestigious real estate, he’s also become one of the world’s wealthiest men. Trump is a …

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How can Lebanese family businesses survive for generations?

Source: Reuters – The Daily Star – Despite the Lebanese government’s failure to provide proper support for the private sector in Lebanon, family businesses have seen remarkable success as the biggest providers of job opportunities in the country, experts say. “Family businesses provide over 80 percent of job opportunities in …

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Qatar FIFA whistleblower leaves in terror

IN COLLABORATION WITH MIDDLE EAST BUSINESS NEWS – FIFA whistleblower Phaedra Al-Majid, who accused Qatar of corruption in its successful bid to win the right to host the 2022 soccer World Cup, said on Wednesday she was living in fear after receiving threats against her family. Al Majid, a former …

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IMF raises growth forecast for oil-rich Gulf countries

THE LEVANT – The International Monetary Fund on Tuesday lowered its economic growth forecasts for most Arab countries although it said growth in oil-rich Gulf nations will remain strong. In its semi-annual World Economic Outlook, the IMF said the Middle East and North African (MENA) region would grow by 2.6 …

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UAE wants to become first Arab country on Mars

THE LEVANT – Oil-rich United Arab Emirates on Monday launched a project that aims to send the first Arab unmanned probe to Mars by 2021. The Gulf state set up the UAE Space Agency to supervise and finance the “Emirates Institution for Advanced Science and Technology to execute and manage …

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HH Sheikh Hamdan and Dubai SME launch new incubator

THE LEVANT – Dubai SME has launched a new hub to stimulate innovative entrepreneurial projects of the emirate’s youth. Presented to the public at Dubai Mall’s Star Atrium, the Hamdan Innovation Incubator (H2I) was established under the patronage of HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince …

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Opec output cut ruled out

THE LEVANT – Opec is unlikely to cut oil production in an effort to prop up prices because such a move would not necessarily be effective, Kuwait’s oil minister Ali Al Omair was quoted as saying. Brent crude oil settled at $90.21 a barrel on Friday after earlier falling to …

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Russian delegation to push for energy deals with UAE

THE LEVANT – A high-level Russian energy ministry delegation will meet UAE officials tomorrow to push for deals with the UAE, including oil concessions for Rosneft, and gas supply deals from Gazprom, the country’s two leading energy companies. Russia’s deputy energy minister, Yury Sentyurin, said he and other top Russian …

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Fast and Furious: Jassim Alseddiqi

THE LEVANT – A ‘bingo’ deal? You’ll know it  when you see it,” says Jassim Alseddiqi. “Before you execute that transaction, before you get the money. The ‘bingo’ feel of the transaction happens when you first source it.” Alseddiqi knows that moment better than most. As the chief executive of …

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UAE food giant Agthia appoints new CEO

THE LEVANT – One of the UAE’s biggest food and beverage groups has announced the appointment of a new CEO. Agthia Group named Iqbal Hamzah as CEO, effective immediately, having previously held the position of Group chief financial officer and company secretary. Since May, he has also been acting CEO. …

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UAE economy report

THE LEVANT – The Corporate Perception Indicator: A Global Survey from Main Street to the Executive Suite polled 25,000 individuals from the general population and 1,800 business leaders in 25 countries, including the UAE, on their opinions about the role of corporations in society and the economy. International polling firm …

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Deyaar unveils $952m ‘Midtown’ mega project in Dubai

THE LEVANT – Deyaar Development on Sunday unveiled the masterplan of its upscale AED3.5 billion ($952 million) ‘Midtown by Deyaar’ project which will include a total of 27 buildings. The 5.5 million sq feet masterplan comprises two hotels on the northern and southern tips, along with 13 separate residential buildings …

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Dubai free zone says to set up MENA’s largest entrepreneur hub

THE LEVANT – Dubai Silicon Oasis Authority (DSOA) on Saturday announced plans to set up the Dubai Technology Entrepreneurship Centre, the largest entrepreneurship centre in the MENA region. Set to be launched in Q1 2015, DTEC will encompass over 3,600 square metres in Dubai Silicon Oasis, the free zone technology …

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UAE hotels expect brisk business during Eid

THE LEVANT – Guests from Saudi Arabia and from within the UAE will keep hotels in Dubai and Abu Dhabi busy this Eid. Occupancies at both cities are expected to hit their peak during the week, especially those close to leisure attractions, said Rashid Aboobacker, a senior consultant with TRI Hospitality …

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