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Tuesday 19 - 1 - 2016


 19/01/2016

Khaleej Times

Dubai's economy emerged resilient during 2015 despite the global challenges created by the drop in oil prices, the economic uncertainties in Europe, China and Russia, and weak global demand for commodities. This was stated by Dubai Chamber of Commerce and Industry president and chief executive officer Hamad Buamim during an annual briefing to select media persons. Explaining the reason for resilience, Buamim mentioned that it is due to the emirate's diversified economy, which greatly minimised the impact of the global slowdown's negative effects on its various economic sectors.

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Gulf News

Looking back at 2015, we can see that the UAE banking industry continued to make big strides in digital transformation. A flurry of innovative launches by the big local banks included such features as remote cheque deposit, cardless cash, Emirates ID integration, and more mobile-first websites. Companies like Beam Wallet continue to set the benchmark for mobile payments, and for the first time, many UAE residents began making payments using their mobile phone – either at a retail store, or through their mobile banking bill payment feature.

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Gulf Today

DUBAI: The UAE continues to register strong investment growth as an International business hub, as it attracts Foreign Direct Investment (FDI) to the country, the Dubai Chamber of Commerce & Industry (DCCI) top executive revealed on Monday. Addressing a well attended press conference at the Chamber headquarters, Hamad Buamim, President and CEO, Dubai Chamber said that Dubai’s economy emerged resilient during the year 2015 despite the global challenges created by the drop in oil prices, the economic uncertainties in Europe, China and Russia and weak global demand for commodities, mainly due to the emirate’s diversified economy which greatly minimised the impact of the global slowdown’s negative effects on its various economic sectors.

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Gulf News

Dubai: Abu Dhabi inflation was up 0.4 per cent in December 2015 compared to November, according to a report from Statistics Centre Abu Dhabi on Monday. This reflects the net outcome of the rises and falls in the price of the goods and services of the consumer basket and during the aforesaid period. The rise last month was mainly due to increase in prices of hotels and restaurants (up 3.8 per cent month-on-month) and housing, water, electricity, gas and other fuels (up 1.6 per cent month-on-month).

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Khaleej Times

The UAE leads the ranking for the best business conditions found in the world's emerging markets, according to the 2016 Agility Emerging Markets Logistics Index. The Index, in its 7th year, ranks 45 leading emerging markets countries based on their size, business conditions, infrastructure and other factors that make them attractive to logistics providers, freight forwarders, shipping lines, air cargo carriers and distributors. The Index also includes a survey of more than 1,100 global logistics and supply chain executives.

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Khaleej Times

For most expats in the UAE, the bottom line - when they landed on the shores - was savings. A tax-free zone plus competitive salaries. Seemed like a win:win. But here's the twist in the tale: looking back at their stint in the land where pavements are, metaphorically, lined with gold, a KT online poll found 83 per cent Dubai residents do not manage to save enough, while 88 per cent say it's difficult to save in a high-consumption society.

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Khaleej Times

Sultan bin Saeed Al Mansouri, UAE Minister of Economy, has met a delegation from the Group of Latin America and Caribbean Countries, or GRULAC, to discuss ways of promoting economic and trade ties. The minister said that there are many opportunities for co-operation between the two sides especially in sectors in which they have a competitive advantage, such as energy, renewable energy, agriculture, tourism, and aviation. He confirmed that the UAE takes great interest in building stronger co-operation relations with Latin American and Caribbean countries as a strategy, especially in sectors of renewable energy, food security and infrastructure.

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Page last updated : 02/05/2016 10:08 PM