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UAE Insights
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November 13, 2017

Success of FinTech Hive at DIFC celebrated during Investor Day by tripling programme for 2018

FinTech Hive at DIFC, the first-of-its-kind accelerator in the region, concluded its inaugural cycle today with the much-anticipated Investor Day that saw the 11 programme start-ups present their products to a host of investors and industry experts.

FinTech Hive at DIFC, developed in partnership with Accenture, has become a centre of innovation for partners and participants. Over the course of the day, the 11 finalists of FinTech Hive at DIFC, the region’s first accelerator, had the chance to promote the solutions and ideas they worked on during the 12 week programme to representatives from the accelerator’s financial institution partners and the wider investor [...]

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November 12, 2017

Market Insights: Positive start to the final quarter of 2017 in the UAE, according to Emirates NBD

October data indicated an uptick in growth of the UAE’s non-oil private sector. Strong expansions in both output and new orders contributed to the positive start to the final quarter of 2017. Meanwhile, stocks of purchases rose at a record pace in October, linked to expected demand. On the price front, output prices fell at the fastest rate since March 2010, whilst cost burdens increased at a solid rate.

The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector.

Commenting on the UAE PMI® survey, Khatija Haque, Head of MENA Research at Emirates NBD, [...]

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November 8, 2017

Hamdan bin Mohammed launches first report of Urban Mobility Innovation Index

Crown Prince of Dubai and Chairman of Dubai Executive Council His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum launched the first report of the Urban Mobility Innovation Index (UMii) that features 30 global cities including London, New York, Munich, Istanbul, Hong Kong, Kuala Lumpur and Dubai. The report was approved by the Board of International Association for Public Transport.

Dubai’s participation in the Index is in line with the Dubai Innovation Strategy, which includes about 20 initiatives to be implemented over three years with the aim of making Dubai the most innovative city in the world. Transport is one of the key pillars of the Strategy.

The [...]

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October 28, 2017

Global Financial Forum welcomes industry experts from across the globe

Dubai International Financial Centre (DIFC), the leading international financial hub for the Middle East, Africa and South Asia (MEASA) region, announced new additions to the speaker list and the final agenda for its inaugural Global Financial Forum (GFF), which will be held on Tuesday 14 November 2017, at the Four Seasons Resort Dubai, Jumeirah Beach, Dubai, UAE.

GFF will explore geopolitical, technological and financial trends and discuss how they are affecting the finance industry today and in the future. With close to 400 executives and industry experts from global financial institutions selected to attend, the forum will take a broad view of the global finance while [...]

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October 28, 2017

“Dubai CommerCity” first regional e-commerce free zone

H.H. Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority (DAFZA), witnessed the launch of ‘Dubai CommerCity,’ an AED 2.7-billion, 2.1-million square feet joint venture between DAFZA and wasl Asset Management Group, in the Umm Ramool area. Dubai CommerCity, the first free zone dedicated to e-commerce in the MENA region, is strategically intended to promote Dubai’s position as a leading platform for international e-commerce and to support economic diversification and smart transformation strategies.

The project will accelerate the growth of the e-commerce market which is expected to reach USD 20 billion in 2020 in the GCC countries. It will [...]

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October 23, 2017

AED 204 billion of real estate transactions in 9 months

Dubai Land Department (DLD) has announced that the total value of real estate transactions for the first nine months of 2017 reached AED 204 billion, achieved through 52,170 transactions. According to the report, there were a total of 37,633 transactions for land, residential units and buildings, generating a value of over AED 88 billion. There were also 11,699 mortgage transactions worth AED 102 billion and 2,838 other transactions worth AED 14 billion.

His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department, commented: “We are delighted to share our new report, which contains many encouraging and promising signs for those interested in [...]

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October 14, 2017

Dubai Future Academy Launches New Courses to Prepare Professionals for the Fourth Industrial Revolution

The Dubai Future Academy, an affiliate of the Dubai Future Foundation (DFF), is rolling out programs and courses specializing in Fourth Industrial Revolution (4IR) technologies called Leading Future Tech, in addition to courses in Designing  Future Tech courses.

The programs seek to train professionals and executives to deal with the requirement of the Fourth Industrial Revolution, which follows the UAE leadership’s directives. Courses explore the future of 4IR technologies, with a view to establishing Dubai as an international hub for future industries and a prime destination for foresight & innovation training.

DFF’s Acting CEO His Excellency Abdullah bin Touq [...]

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October 10, 2017

Dubai Startup Hub launches new programme to facilitate deals between startups and leading companies

Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, has launched its new Market Access programme which aims to enhance cooperation and facilitate deals between innovative startups, SMEs, leading companies, and government entities in Dubai.

The launch announcement was made during GITEX Technology Week 2017, where Dubai Startup Hub is exhibiting and showcasing the various benefits of participating in the Market Access programme. As part of the first-of-its-kind programme, startups and SMEs are invited to submit innovative ideas and solutions that solve key challenges faced by prominent companies and organisations in the emirate.

The programme will [...]

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