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May 4, 2018

GOV games go global

When His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum – Crown Prince of Dubai and Chairman of the Executive Council launched the Gov Games at the beginning of March this year, one of the future goals for expanding the world-first initiative was to invite international participation in future editions of the competition. Organisers announced that this goal has already been achieved in the inaugural competition, which is a testament to its unique and visionary nature, and the international attention it has garnered.

The international teams from seven countries will join more than 150 teams from local and federal government entities across the United Arab [...]

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April 22, 2018

Dubai Statistics Center: Dubai’s Gross Domestic Product Reaches AED 389 billion in 2017

Dubai Statistics Center (DSC) has revealed that Dubai’s real gross domestic product (GDP) reached AED 389 billion in 2017 compared to AED 379 billion in 2016.

According to DSC, the growth was fueled by the performance of strategic sectors that accounted for 72.2% of total growth in 2017. The transportation and storage sector was the biggest contributor to total economic growth at 18.5%, surpassing wholesale and retail trade, traditionally the largest sector in the emirate. The wholesale and retail trade sector’s contribution to growth stood at 8.3%.

Wholesale and Retail Trade

Arif Al Mehairi, Executive Director of the Dubai Statistics Center, stated: “Wholesale [...]

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April 7, 2018

The UAE starts adopting of artificial intelligence in the infrastructure sector

His Excellency Dr. Eng. Abdullah Belhaif AlNuaimi, Minister of Infrastructure Development, along with His Excellency Omar Bin Sultan Al Olama, Minister of State for Artificial Intelligence, explored the ministry’s application of Artificial Intelligence technology in the federal roads projects during their field tour to the Kalba Ring Road development project, which will contribute to a reduction of 54% in project duration, 37% in fuel consumption, 80% in manpower dependence and 40% in equipment and manpower needed.

His Excellency emphasized that the Ministry of Infrastructure Development is working on applying the latest technologies of infrastructure development [...]

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February 27, 2018

Dubai Climbs Innovation Index to Rank 14th Among Top 30 Global Cities

Dubai has once again improved its innovation performance climbing one spot to rank 14th among 30 global cities on the 3rd Dubai Innovation Index, outperforming major business destinations such as Berlin, Madrid, Shanghai and Sao Paulo.

The findings of the latest Index were released by the Dubai Chamber of Commerce and Industry on the sidelines of the Chamber’s participation in UAE Innovation Month 2018.

Compiled by Dubai Chamber in collaboration with PricewaterhouseCoopers (PwC), the Dubai Innovation Index measures innovation output on a city and industry level and provides analysis on key challenge areas as well as strengths. Through the Index, the Chamber aims to [...]

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February 27, 2018

Mohammed bin Rashid: UAE ranked first globally in 50 development indexes

According to the Global Competitiveness Report 2017-2018, the UAE has ranked first globally in 50 indices related to many vital community, services and development sectors.

The Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, said, “In 2007, after launching our first federal strategy, we took on our number one global challenge to develop the work of our government authorities and attain the first position internationally. Today, in front of me, is a report about the UAE’s leading position in 50 international development indices.”

“The UAE is in first place in the quality of government decisions, the [...]

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February 13, 2018

World’s first deep cold storage for crypto-commodities launched by Regal Assets in Dubai

Regal RA DMCC, subsidiary of Regal Assets Inc, an internationally renowned gold investment company, and the Middle East’s first company to have been issued a Crypto trading license launched today a “deep cold storage” solution for investors and traders. For the first time, crypto-commodities owners can now store their Bitcoin, Ethereum and other altcoins in a vault located in Almas Tower, Dubai – the headquarters of DMCC, the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities.

The vault at DMCC is one of the most secure precious metal facilities in the world and will store all Regal Assets’ crypto investments in the physical form – [...]

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February 11, 2018

Voting for Superbrands 2018 has commenced

Brands to be recognized as Consumer Superbrands or Business Superbrands for this first time based on who their end customer is

Superbrands, the independent authority and arbiter of branding, announced that the voting process to choose the brands in the UAE which will be recognised and honoured as a Superbrand 2018 has commenced. This year Superbrands has decided to segregate brands as Consumer Superbrands (the UAE’s strongest B2C brands) and Business Superbrands (the UAE’s strongest B2B brands) in order to recognize the relationship building marketing efforts by various brands to their target audiences.

Superbrands is by invitation only, and the brands which have been [...]

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February 9, 2018

Dubai Holding marks the end of 2017 with record achievements

Dubai Holding, the global investment holding company, continues to play a prominent role in developing Dubai as a world-class destination for tourism and business through supporting the Emirate’s diversification plan. Its initiatives, guided by the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, are fostering a thriving environment for innovation and creativity across business sectors in the Emirate.

To build on its successes and to continue playing a pivotal role in the development of Dubai, Dubai Holding introduced a new operating model last year, under which new companies were established, [...]

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