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Dubai SME supports entrepreneurs secure competitive legal services

06 Jun 2021

The Hamdan Innovation Incubator (HI2) in Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, has signed a Memorandum of Understanding (MoU)...

100% foreign ownership will add more flavour to Sharjah’s economy

02 Jun 2021

Inayat-ur-Rahman,Business Editor The Sharjah Economic Development Department (SEDD) announced that from this month it would be implementing the full foreign ownership policy, allowing investors of natural and legal persons to...

Portugal to open for most EU tourists from Monday

15 May 2021

Portugal will open to tourists from nearly all European countries from Monday, the interior ministry said, following months of restrictions to prevent the spread of Covid-19. The vacation hotspot...

New study reveals impact of COVID-19 on UAE family businesses

06 Apr 2021

Business families in the UAE have preferred a cautious approach in responding to COVID-19 to preserve the economic, emotional and social investments in their firms, a new global study and...

European shares rise, Asian shares mix

30 Mar 2021

Gulf Today Report European shares rose on Tuesday boosting markets optimism of strong economic recovery and investors looked past concerns over US hedge fund default in the banking stock. The...

Emirates NBD reports rise in contactless payments

29 Mar 2021

Emirates NBD has reported that contactless payments now make up 84 per cent of all face-to-face card payment transactions, as consumers and merchants have increasingly preferred to use touch-free technologies...

US consumer spending falls ahead of stimulus

27 Mar 2021

US consumer spending fell by the most in 10 months in February as a cold snap gripped many parts of the country and the boost from a second round of...

VIDEO: Mohammed launches 'Operation 300bn' to advance UAE industrial sector

22 Mar 2021

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the Industrial Strategy "Operation 300bn." The 10-year comprehensive strategy aims...

Mining sector gets Dhs4.3 billion facility

12 Mar 2021

The quarrying and mining activities in the UAE received Dhs4.3 billion in credit facilities in 2020, bringing to Dhs14.94 billion the cumulative balance of loans obtained by the industry by...

Rolls-Royce suffers $5.6 billion loss in 2020

11 Mar 2021

British engine-maker Rolls-Royce plunged to a worse than expected 4 billion pound ($5.6 billion) loss in 2020 as the pandemic stopped airlines flying, but stuck to its forecast to burn...

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