January 2019 — Topical news of the United Arab Emirates

January 3, 2019 no comments 977
Exchange traded 22.26 million contracts, up 28 per cent from the previous year The Dubai Gold & Commodities Exchange (DGCX) has announced that it has rounded off a highly successful 2018 by breaking its annual volumes record, trading 22.26 million contracts, up 28 per cent from the...

January 3, 2019 no comments 1009
Real estate, construction, services and ICT among leading sectors boosting workforce The UAE continued to generate new jobs during most of 2018 with Dubai emerging the brightest spot in the country's employment market. According to data from the Central Bank of the UAE, employment...

January 3, 2019 no comments 844
Among a spate of path-breaking reforms aimed at fuelling economic growth. The new UAE investment law, which allows up to 100 per cent ownership to foreign investors in some specific onshore business sectors, is expected to give a major fillip to private and foreign direct investments...

January 2, 2019 no comments 1069
Dubai Municipality says it successfully removed rubbish from across the emirate in record time following the New Year's Eve celebrations Dubai Municipality said on Wednesday that it has successfully removed 87 tons of waste from across the emirate following the New Year's Eve...

January 2, 2019 no comments 1030
Expo 2020 Dubai will take place roughly at the same time that the UK is expected to withdraw from the European Union Expo 2020 Dubai is a “massive” opportunity for UK businesses to showcase innovation at a time when the country increasingly looks outside the European Union to do...

January 2, 2019 no comments 1027
Dubai's Department of Tourism and Commerce Marketing plans to deliver authentic and exclusive experiences for tourists Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) is rolling out a set of initiatives to deliver end-to-end “Only in Dubai” experiences. The...

January 2, 2019 no comments 776
Saudi Aramco changed the benchmark for setting its official selling prices to Asia Dubai crude, as quoted by price-reporting agency S&P Global Platts, averaged $57.318 a barrel for December, the lowest since October 2017, two traders who participate in the market said on Wednesday....

January 2, 2019 no comments 1046
Dubai's GDP growth will climb to 4.1 per cent this year from 3.3 per cent in 2018 The UAE markets are expected to rebound in 2019 due to strong positive macroeconomic indicators, low valuations of stocks and higher spending on infrastructure developments ahead of the mega exhibition,...

January 2, 2019 no comments 1151
Infrastructure spending falls from last year's ultra-high level DUBAI: Dubai expects to almost halt the growth of state spending this year as revenues expand more slowly because of the emirate's efforts to stimulate business investment, according to the 2019 state budget released on...

January 2, 2019 no comments 743
The multi-billion dollar venture involves transforming a 700 square-kilometre swathe of desert into a gleaming capital and business hub. Talks between Egyptian officials and the Dubai-based Emaar Properties to develop a 1,500 acre (607 hectares) plot in the new administrative capital...

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