The United States Ambassador to the UAE, Mr. Michael Corbin, visited the USA Regional Trade Center (USARTC) today for a tour of the facility and to discuss the USARTC’s role in creating business opportunities for US companies.  Ambassador Corbin was accompanied by Mr. Robert Bannerman, Principal Commercial Officer at the U.S. Consulate, Dubai; and Mr. Jude Ahkidenor, Agriculture Attaché. The Ambassador met with the USARTC team and reiterated the US Embassy’s support of the Center’s [...]

Dubai, 8 May 2012: Businesses across Dubai remain upbeat on growth and revenues with expectations riding high especially in the Manufacturing sector, as reflected in the quarterly business survey conducted by the Department of Economic Development ( DED ) during the first three months of 2012. The composite Business Confidence Index (BCI) for Dubai according to the survey stood at 120.5 points in Q1 2012, indicating an optimistic outlook for the next quarter. BCI crossing [...]

WAM Abu Dhabi, May 8th, 2012 (WAM) — The Central Bank of the UAE announced today that a Joint Workshop between United Arab Emirates and the United Kingdom regarding “Recovery of Proceeds of Crime and Asset Sharing” will be held tomorrow at the Interco…

Dubai continued to attract more foreign direct investment, or FDI, in the first quarter of 2012, particularly in the tourism sector, as the number of trade licences increased by 27 per cent, compared to the same period last year. The Department of Economic Development, or DED, said on Monday it issued 4,343 trade licences from January to March, with tourism accounting for the highest increase in the number of licences with 213 per cent, followed [...]

Qatar Railway Co., which is building a $35 billion metro and railway system in the Gulf emirate, plans to award contracts for the elevated metro sections in the second quarter of next year. Track contracts, currently scheduled to be awarded in the first quarter of 2014, may be brought forward to next year, Deputy Chief Executive Officer Geoff Mee said at a conference in Doha, the Qatari capital. He declined to give the value of [...]

Qatar’s strong economic performance driven by high energy prices and the government’s investments as well as preparation for Fifa 2022 are driving real estate demand in the country, a report said. DTZ, one of the top global real estate services firms, predicts a positive outlook as a result of demand for all types of real estate in its latest update on Qatar’s real estate market.   http://www.albawaba.com/business/qatar-property-market-fifa-2022-424134

The inaugural ‘Made in UAE’ exhibition will help boost trade and also increase industrial sector’s share in the country’s gross domestic product, or GDP, according to top government officials.

WAM Dubai, 7th May 2012 (WAM) — H. H. Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has instructed stakeholders to do their best to maintain Dubai’s status in the list of countries that stimulate sustainable green growth and…

Starwood Hotels & Resorts today said it will open 40 hotels in the Middle East and Africa over the next five years

The number of trade licenses issued by the Department of Economic Development during the first three months of 2012 reached 4,343