Equilibrium

More entrepreneurs rise with help from Impact Hub Dubai

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Dubai Airports will overtake Atlanta, Beijing to be the biggest in the world, says CEO

Dubai Airports will overtake Atlanta and Beijing within the next decade to become the biggest aviation hub in the world, just days after it announced it had overtaken London’s Heathrow as the number one airport for international passenger numbers. Last week, it was announced full year passenger numbers at Dubai International totalled 70,475,636, up 6.1 […]

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Dubai eyeing to become world’s most popular city by 2020

The UAE’s most populous city Dubai is aiming to become the world’s most popular city destination by 2020 and attract 25 million tourists in the next five years. The ambitious project is part of the city’s long-term growth strategy. Read More : http://www.business-standard.com/article/pti-stories/dubai-eyeing-to-become-world-s-most-popular-city-by-2020-115012900698_1.html  

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Dubai International airport crowned as world’s busiest

Dubai: Dubai International airport has finally got the crown of the world’s busiest international air hub, data released by its operator confirmed on Tuesday. Read More : http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/uaebusiness/2015/January/uaebusiness_January261.xml&section=uaebusiness

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UAE tops Middle East in talent index

Dubai: The UAE ranks as the number one economy in the Middle East in attracting and retaining talent, according to the Second Global Talent Competitiveness Index released on Tuesday. From the Gulf, Qatar and Saudi Arabia also find a place among the top 35 economies in terms of talent competitiveness of its human capital, says […]

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Dubai ranks No. 5 globally in economic performance

Dubai —Dubai ranks number five in performance among 300 world cities in the annual 2014 economic rankings of cities worldwide released on Thursday by the Brookings Institution and JPMorgan Chase. Macau, the Chinese territory known for its liberal leisure activities, outperformed the rest of the world’s major cities economically last year, while four Turkish cities […]

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Dubai sees 13% rise in business licences in 2014

Dubai — Investors continued to pursue new opportunities in Dubai during 2014 as the emirate recorded more than 13 per cent growth in business licences issued last year compared to 2013, the Department of Economic Development (DED) in Dubai announced on Saturday. The total number of licences increased to 21,358 in 2014 as against 18,848 […]

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Dubai’s developers push on with new launches

Dubai: Dubai’s developers are pressing ahead with off-plan launches seeing more merit in approaching the market head on rather than wait for more favourable circumstances to show up. Reef Real Estate, on Tuesday, launched the 38-storey Reef Residence, which it says is the first tower project at Jumeirah Village Circle. The plot is on the […]

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UAE first in world for public trust in government, business, innovation

A 43-year long journey of progress, initiated by the late Sheikh Zayed bin Sultan Al Nahyan and pursued by President His Highness Sheikh Khalifa bin Zayed Al Nahyan and his brothers Their Highnesses the Rulers of the Emirates, culminated in the United Arab Emirates ranking at the top when it comes to public trust in […]

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UAE To Fund Solar Projects In Four Pacific Island Countries

The UAE announced that it has signed partnership agreements to fund renewable energy projects in four Pacific island countries including the Marshall Islands, Nauru, Palau, and the Solomon Islands, state news agency WAM reported. The projects will be financed from the $50 million UAE-Pacific Partnership Fund, with grant financing from Abu Dhabi Fund for Development […]

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UAE retail group says to open 47 shops in Gulf in 2015

Gulf Marketing Group (GMG) has announced plans to open a further 47 shops in 2015 following its largest expansion to date last year. The new openings will be across core retail divisions, Sun & Sand Sports, Good Health and Supercare Pharmacy while 2015 will also see the launch of Middle East’s first Sun Coast outdoor […]

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Flydubai’s $500m sukuk listed on Nasdaq Dubai

Dubai — Ghaith Al Ghaith, chief executive officer of flydubai, on Wednesday rang the market-opening bell to celebrate the airline’s listing of a $500 million (Dh1.84 billion) inaugural sukuk on Nasdaq Dubai. It was the 18th sukuk to have listed on Nasdaq Dubai since the beginning of 2014, supporting Dubai’s rapid expansion as the global […]

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Dubai’s gold trade now aims for business buyers

Targeting markets across the Middle East and Africa will be a natural progression  When it comes to selling jewellery to consumers, whether domestic or from overseas, Dubai’s built up a stellar standing that is unmatched. Now, it wants to do the same offering its finely crafted collections to business clients in overseas markets. And if […]

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Dubai Duty Free rings up a Dh7 billion year

It wasn’t quite gold, frankincense and myrrh, but purchases of gold, perfume and make-up during a record festive period helped the world’s biggest duty free shop to hit Dh7 billion in sales last year. The 7.3 per cent year on year increase was helped by a new monthly sales record of Dh749 million in December, […]

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Aviation training hub set to expand Dubai facilities

Emirates-CAE Flight Training (ECFT) has announced plans to expand its second facility in Dubai in response to the growth of the aviation industry in the Middle East. The company, jointly operated by Emirates Airline and CAE, a global leader in modelling, simulation and training for civil aviation and defence, will expand its second Dubai training […]

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UAE trumps world in Net penetration

Abu Dhabi: The UAE is a top nation in terms of the proportion of rural population covered by at least a 3G mobile network. The nation’s ranking jumped up 14 ranks to 32 from 46, as per the sixth edition of the International Telecommunications Union (ITU) report ‘Measuring the Information Society (MIS) 2014’, which classified the […]

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Dubai’s GDP expands 3.1% in first half of 2014

Dubai: Dubai’s gross domestic product grew 3.1 per cent in the first half of 2014, reaching Dh170 billion — a total rise of Dh5.1 billion compared to the same period last year. “Figures confirmed Dubai’s continual success in boosting its position as a strategic trade and economic hub on the world’s trade map due to […]

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Main drivers of Dubai’s growth revealed

Dubai has already established itself as the business capital of the Middle East, and government-led initiatives as well as growth in the private sector will be the main drivers of growth for Dubai in the time leading up to the year 2020. According to an audience poll conducted at Multaqa Jafza, the annual Jafza Business […]

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Dubai trade tops Dh1 trillion

Dubai: Dubai’s non-oil foreign trade witnessed steady growth during the first nine months of 2014 with nearly Dh1 trillion mark and set to cross last year’s trade value by the end of 2014, according to the data released by Dubai Customs on Saturday. The emirate’s trade continued upward trend since the first quarter value of […]

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Dubai FDI connects with potential investors across Europe

Dubai: Businesses and investors in key financial and industrial centres across Europe got an overview of the existing and emerging economic opportunities in Dubai as the Dubai Investment Development Agency (Dubai FDI) successfully toured the continent. The Dubai FDI delegation, led by Ibrahim Ahli, Director of Investment Promotion Department at Dubai FDI interacted with senior […]

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