News

Dubai 26-08-2019 Dubai Economy, represented by the Commercial Registration and Licensing Sector, has achieved outstanding results for the “ Automatic Renewal ” service for commercial licenses during the first half of 2019, where it completed 34,250 automatic renewal transactions, which constitutes 47% of the total renewal transactions (73,404), which confirms …

Dubai 26-08-2019 The real estate transactions in Dubai Land Department reached more than 1.2 billion dirhams. Today, the Department witnessed 161 sales worth AED 300 million, of which 20 land sales worth AED 100 million and 141 sales of apartments and villas worth AED 200 million. The most important land …

ABU DHABI, 25th August, 2019 (WAM) Abu Dhabi’s First Abu Dhabi Bank, FAB, today rejected allegations by the Qatar Financial Centre Regulatory Authority, QFCRA, that its branch in the Qatar Financial Centre had failed to provide appropriate financial disclosures. The full text of an FAB statement issued today follows. As …

Dubai 25-08-2019 / WAM The Arab-Brazilian Chamber of Commerce has launched a “membership registration” campaign to attract Arab companies to join the Chamber and increase the number of memberships, thus reinforcing their commitment to consolidating Brazilian-Arab cooperation and promoting economic, social and cultural development. Membership will allow companies to benefit …

Abu Dhabi 25-08-2019 The Gross Domestic Product (GDP) of the Accommodation and Food Services Sector at constant prices increased to AED 32.5 billion in 2018, a growth of 4.2% compared to AED 31.2 billion in 2017. The contribution of the accommodation and food services sector to the GDP of non-oil …

Dubai 25-08-2019 Dubai’s commercial control and consumer protection sector recorded 4,735 dossiers for trademark owners and 29 dossiers for commercial agencies during the first half of 2019. The rate of received files increased by 63% against the same period in 2018, and this outcome came through the electronic portal of …

Abu Dhabi 25-08-2019 Four new financial technology startups have joined the fourth round of the Abu Dhabi Global Market Regulatory Laboratory initiative. The four local and international companies included DAPI, Point Check Out in the UAE, Gabriel Network from Switzerland and Ecovolio from Luxembourg, selected from 14 applications from companies …

London 25-08-2019 London’s real estate market will lose £ 140 billion in six months if Britain leaves the European Union without an agreement, experts have estimated. It is the strongest property market in Europe and internationally. The Bank of England, for its part, predicted a continued decline in the value …

Sharjah 25-08-2019 The Chairman of the Sharjah Chamber of Commerce and Industry stressed the importance of cooperation between the Chambers of Commerce and Industry and the relevant entities of the UAE business sector to reflect this cooperation to support the march of the sector and remove any challenges faced by …

Abu Dhabi 25-08-2019 The number of e-services provided by the UAE government reached about 3730 federal and local services via the internet through the official portal of the country in a step that reflects the progress made by the state in the field of smart government, which contributed to its …