Good news for vehicle owners in the UAE. Fuel prices which were hiked earlier by about 24 per cent to spur development in the regions once again stand corrected. At the stroke of midnight on Tuesday, September 1, petrol pumps across the country are implemented the new rates announced by the UAE Ministry of Energy. New petrolContinue reading "Lower fuel prices in UAE from September 1" Read more
Industry Updates across the GCC
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, in his capacity as Ruler of Dubai, issued Decree No. 23 and 30 of 2015, setting up the Free Zone Council (FZC) and naming its members. The decree named Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil AviationContinue reading "Ahmad Bin Saeed to head Dubai Free Zone Council" Read more
Among the 26 projects there is a stand out architectural design building, which will take shape on a prime location on Abu Dhabi island, the Corniche. Some 26 new development projects have been approved by the Urban Planning Council, or UPC, in Abu Dhabi emirate in the second quarter of the year. When completed, theContinue reading "Abu Dhabi approves 26 new development projects." Read more
The report by the leading American think tank has ranked Dubai fifth worldwide for 2014, up from 18th position in the previous year. Dubai has been ranked among the top 10 cities that are powering economic growth within their nations, according to a report by the Brookings Institution. The report by the leading American thinkContinue reading "Dubai world’s 5th fastest growing city" Read more
The law aims at encouraging the private sector to participate in the development of projects and increasing investment in different fields. His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, in his capacity as Ruler of Dubai, has issued Law No. 22 for 2015, regulating partnership between the publicContinue reading "New law on public, private partnerships in Dubai" Read more
Giving a whole new meaning to “waiting to exhale” UAE residents can start to breathe a little easier as they celebrate the end to pay freezes. An average of 6% increases over the next 12 months is expected for many UAE employees. But are they starting the celebrations a little early? While this isContinue reading "Celebration Time – 6% Pay Increases on Their Way?" Read more
James Swallow Director at Sovereign PPG comments on the growth in schools in the UAE – The National (http://www.thenational.ae/) The UAE has the highest number of English medium international schools – institutions where the language of instruction is English – in the world, according to the UK-based International School Consultancy (ISC). In countries where EnglishContinue reading "UAE a leader in English education" Read more
Abu Dhabi’s economy has always been reliant on oil production, holding 9% of global proven oil reserves, however, with the changing economic tides, the drop in oil prices and demand has motivated Abu Dhabi to grow its non-oil economics, demonstrating a compounded increase of almost 7% from 2007-2012. According to the Department of Economic Development,Continue reading "Abu Dhabi – Not just about Hydrocarbons – Economic Diversification is the New Focus" Read more
Abu Dhabi, Dubai, the UAE – a haven for business opportunities and investor. Are you thinking about setting up shop there? Have you done your homework? Five areas you should be concerned with are examined below: Cultural awareness Be aware – forging relationships in foreign countries takes time and work, some interpersonal skills and aContinue reading "Doing Business in UAE – What Not to Do" Read more
The next two years are expected to generate about 1,000 new jobs in the UAE as the solar power renewable energy demands rise. IRENA (International Renewable Energy Agency) claims that overall employment in the renewable energy sector rose by 18% in 2014 over 2013 and predicts this trend to continue. MESIA (the Middle East SolarContinue reading "Thousands of new jobs projected – The UAE solar panel expansion" Read more