PRO Partner Group Business Set Up Company formation PRO Services news updates

PRO Partner Group
News & Updates

PRO Partner Group Regional News and Updates - Abu Dhabi, Dubai, Wider UAE, Oman & Qatar

  • No curtains needed for food served during Ramadan in Abu Dhabi -

    The Department of Culture and Tourism in Abu Dhabi has allowed certain hospitality sectors to open during Ramadan without having the need of installing curtains when serving food.

    Sharjah has also taken some proactive changes for non-Muslims who are not fasting during the month of Ramadan.

    For the full article click here

  • Etihad launches inaugural flight to Tel Aviv -

    Etihad Airways has landed its first commercial flight in Tel Aviv, Israel after they launched an inaugural flight on Tuesday morning. The flight left Abu Dhabi and is scheduled to continue a service twice a week.

    This will continue to increase trade and investment opportunities between the UAE and Israel since the signing of the Abraham Accord last summer.

    For the full article click here

  • Commercial operations begin at UAE's Barakah nuclear power plant -

    The UAE has commenced a new development to enhance sustainability of its power sector. The commercial operations are located within Barakah Nuclear Energy Plant, which is overseen by Emirates Nuclear Energy Corporation (ENEC) while the operator is Nawah Energy Company (Nawah).

    This is a massive milestone for the UAE, as they are the first country in the Arab world to operate a nuclear energy plant.

    For the full article click here

  • Dubai's creative economy plan to boost jobs in creative fields to 150,000 will act as a talent magnet for the UAE -

    Dubai’s strategy to create up to 150,000 new jobs for those who are qualified and trained in the creative field will span over the course of a 5 Year plan. It will fall under the Dubai Creative Economy and Dubai Design District (D3) which will be focused on bringing in innovators, investors and entrepreneurs.

    This initiative was launched by Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum which has be praised a ‘talent magnet’.

    For the full article click here

  • Online payment solution Stripe makes its way to Dubai -

    In the UAE, digital payment transactions have doubled with over $18.5 billion online payments in 2020.

    Stripe, which is a payment solution is expanding to the UAE to support businesses locally, and overseas by connecting them using their platform.

    An increase demand for online payments and transactions, primarily owed to the growth of online commerce, it is forecasted to grow further with an expected $10 billion over the next 2 Years.

    Stripe plans to remove the challenges which many businesses face when to making or accepting payments and managing the financial side of their business.

    For the full article click here

  • Non-Oil Private Sector Continues Growth in the UAE -

    The UAE Central Bank has projected a 2.5% growth in the economy this year which would result in a full recovery from the pandemic by 2022. This would result in a positive rise of 3.5% in GDP over this period.

    The construction industry was at the forefront of the rise, with UAE construction activity low during the height of the pandemic, construction activity has picked up significantly again - driving new projects and finish off where they left off prior to the pandemic slowdown.

    For the full article click here

  • Dubai approves $8.2bn strategy to support current businesses and start-ups -

    Dubai has approved an $8.2bn plan to support existing companies and to help boost start-ups, termed ‘Operation 300bn’ (AED) in association with Emirates Development Bank (EDB).

    The initiative was launched as part of Dubai’s 10-Year Strategy to double the amount of the industrial sectors contribution to UAE’s GDP. The objective is to further increase UAE economic activity and create a world class hub for industry by 2031.

    For the full article click here

  • The UAE is one in five countries which received a higher ranking for the FDI Confidence Index and now ranks 15th globally after climbing from 19th in 2020 - the UAE is ranked 1st in the region. -

    This results are in large part due to the commitment of the UAE Government to focus on lowering the barriers to entry for new and existing businesses, investing into new infrastructure, economic diversity, and innovation.

    With a vigorous roll out of the vaccine, the UAE expect to vaccinate the whole UAE population by 2021, which will further drive more inward investment and increase economic activity in the country.

    For the full article click here

  • Dubai Financial Services Authority (DFSA) to move forward with their proposed plans to regulate security tokens as demand increases in the Fintech sector. -

    As part DFSA proposal’s, they have rolled out a 30 day public consultation by publishing a framework which outlines the use of security tokens. DFSA is actively engaged with key stakeholders in Dubai and around the world on the future of finance and the rapidly growing area of financial technology, including various Distributed Ledger Technology (DLT) applications.

    For the full article click here


Loading...

Something went wrong. Please refresh the page.


Load more