August 13, 2018

The Ministry of Education’s Ambassadors 2018 initiative has reported that over 300 students recently visited six elite universities as 'Innovation Ambassadors', to undergo an educational journey and uncover their state-of-the-art science and research centres.

During their trips abroad, the students received hands-on expertise and knowledge in various scientific fields related to innovation. According to a press statement, the ministry created this unique initiative to introduce live models to students and infuse the notion of innovation and creativity in their minds.

The"...

August 6, 2018

The Emirates Central Cooling Systems Corporation, Empower, the world’s largest district cooling services provider, announced its sponsorship as a global partner in the 5th World Green Economy Summit, WGES 2018.

WGES will be held under the patronage of the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on 24th and 25th October, 2018 at the Dubai International Convention and Exhibition Centre, under the slogan, 'Driving Innovation, Leading Change.'

Empower’s support for the summit is part of"...

August 5, 2018

Top Sharjah officials and economic stakeholders have welcomed the move by global credit ratings agency Standard & Poor's (S&P), reaffirming Sharjah's BBB+/A-2 sovereign credit ratings in the long and short-term.

Sheikh Sultan bin Ahmed Al Qasimi, chairman of Basma Group and Arada, said the emirate's credit ratings, arising from its robust financial position and low risk exposure, underscore the strength of Sharjah's economic environment and importance of its development programmes in achieving stability.

Abdullah Sultan Al Owais, chairman of Sharjah Chamber of Commerce and Industry, said S&P's prediction of the accelerating growth of Sharjah's GDP in 2018 reflects"...

August 2, 2018

Shrugging off any concerns about VAT, tourists continued to flock to Dubai in the first-half of 2018 as the region's most-visited city reached 8.1 million visitors and is on track to surpass its last year's figures of 15.79 million.

With the similar growth trend in visitor numbers during second half, Dubai is expected to become the third most-visited city in the world by surpassing Paris this year. It was the fourth most-visited city last year after Bangkok, London and Paris.

Figures released by Dubai's Department of Tourism and Commerce Marketing (Dubai"...

July 29, 2018

Roads and Transport Authority (RTA) said the public transport means in Dubai, UAE, carried a total of 277.91 million passengers during the first half of the year.

The figure shows a steady growth compared with those reported during the same period last year amounting to 275.242 million passengers. It translates into a current daily average of 1.535 million passengers, said the statement from RTA.

These passengers"...

July 25, 2018

The global economic recovery that started in late 2016 is starting to slow down and lose momentum, with global confidence in Q2 dipping from its Q1 high, finds the latest edition of ACCA (the Association of Chartered Certified Accountants) and IMA Global Economic Conditions survey.

Although it remains high by recent standards, the slight fall in confidence reflects increasing fears of a trade war between the US and China. This continues to effect global outlook, with China’s economic sentiment falling sharply.

Despite this, across the Middle East and in the UAE,"...

July 25, 2018

Forbes Travel Guide, the global authority on luxury travel, announced today a plan to significantly scale the company from evaluating and verifying luxury hospitality in 60 countries to 100 countries by the end of 2019. As part of this growth strategy, the company has made several key appointments and executive promotions.

Gerard “Jerry” Inzerillo, who has served as CEO of Forbes Travel Guide since 2014, will be appointed Vice-Chairman of the Forbes Travel Guide Board of Directors and veteran luxury hospitality leader of 30 years, Filip Boyen, will be appointed CEO of Forbes Travel Guide. Filip was most recently the CEO of Small"...

July 23, 2018

Dubai FDI, the investment development agency of Dubai Economy Department, DED, has moved to strengthen Dubai’s business further and investment ties with Egypt, following its meeting with high-level Egyptian delegates from the General Authority for Investment and Free Zones.

During the discussions held in Dubai, both parties tackled the volume of foreign investments coming into the city as a result of the government’s intensive efforts to create a business-friendly environment and enact critical socio-economic policies. Dubai FDI also took the opportunity to explain its mandate and role in creating a business-appropriate landscape"...

July 23, 2018

Dr. Mohammed Salim Al Olama, Under-Secretary of the Ministry of Health and Prevention, stated that the Ministry of Health and Prevention is meeting the needs of the nation’s medical institutions and is providing proper healthcare services, which will make the community happy and match best international standards.

He made his statement while inspecting Umm Al Qaiwain Hospital to evaluate the level of healthcare offered by the ministry’s healthcare establishments, in accordance with the latest international practices and accreditation standards. He was accompanied by Dr. Yousif Mohammed Alserkal, Assistant Under-Secretary for the"...

July 22, 2018

The Cabinet decision to implement a system that returns VAT to tourists will cement the UAE’s status as a premier global tourist destination, according to the country's Federal Tax Authority (FTA).

In a press statement, the Authority said that the Cabinet Decision has set 'clear standards branded with transparency and accuracy' in returning VAT refunds to tourists visiting the UAE from the beginning of October.

It revealed that the project to implement the refund is nearing its final preparation stages, where an advanced system will be put in place"...