With each passing year, Dubai continues to further solidify its positioning as a regional and global hub for business and finance. As the emirate posted robust economic expansion across all sectors in 2013, its resilience in the years following the global economic downturn has helped to re-build confidence amongst the global business community....
The government in Dubai has launched a new online public services initiative designed to make access easier and faster. Known as Dubai Smart Government (DSG), the scheme replaces the existing e-government system and is set to open digital doors to a broad range of business opportunities. The goal is to make all government services that can be...
Like a latter-day Phoenix, Dubai’s economy has risen from the ashes and is soaring high and fast. So strong is the take-off that the crucial revenue-earning tourism sector has achieved a rare trio of simultaneous plusses – rising hotel rates, an increasing number of visitors and a growing quantity of hotel rooms.
The recognition of small and medium-sized enterprises (SMEs) as generators of jobs has become a proven fine art in Dubai, with the establishment of a dedicated agency inside the Department of Economic Development (DED). Between 1000 and 1200 would-be entrepreneurs approach the agency annually seeking advice, help and sometimes practical assistance...
As one of the fastest-growing economies in the world in the early 2000s, the emirate’s GDP grew by 18% between 2006 and 2007 alone, according to the Dubai Statistics Centre. The biggest achievement during this period, however, was the successful diversification of the economy away from oil. While the government was the main driving force behind this...
A business-friendly environment and prime location have helped Dubai maintain a long-standing reputation a centre for trade. Building on a historical model that gave tax breaks to pearl traders, the emirate has attracted foreign investment by developing free zones that appeal to investors and businesses alike. Dubai’s free zones generally offer a...
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