Dubai is home to a rapidly developing financial technology sector and several major e-commerce firms, but despite this, the domestic economy remains dominated by cash. As such, the use of electronic payments (e-payments) and e-commerce is underdeveloped, particularly in comparison to other developed markets. However, government and private...
September 2016 saw the approval by the UAE government of a new bankruptcy law, which came into effect at the end of the year. The law supersedes the country’s previous insolvency framework, which was largely laid out in the 1993 Commercial Transactions Code. Critics of the previous framework argued that it was excessively harsh regarding the...
Cabinet Affairs & Future 04 396 7555 Culture, Youth & Community Development 800 552255 Defence 04 353 2222 Economy 04 314 1555 Education 800 5115 Energy 800 5115 Environment & Water 02 449 5100 Finance 04 393 9000 Foreign Affairs 04 404 0000 Health 04 230 1000 Higher Education & Scientific Research 02 642 8000 Interior 800 5000...
FAIRMONT DUBAI PO Box 97555 Sheikh Zayed Road Dubai, UAE T: (971) 04 332 5555 F: (971) 04 332 4555 www.fairmont.com/dubai dubai@fairmont.com Rooms: 394 guest rooms and suites feature views of the Dubai skyline. Spaces range from 41-sq-metre Fairmont rooms to the three-bedroom, 548-sq-metre Imperial suite. Cribs and rollaway beds available....
LANGUAGE: Arabic is the official language, although English is the most widely spoken language in Dubai. Public signs are often in both Arabic and English. Other languages in common use include Hindi, Urdu, Tagalog, Persian, Chinese, French and Russian.
A key driver of non-oil GDP growth, Dubai’s industrial sector continues to play an integral role in both its own diversification plans and those of the UAE. As a whole, the UAE is already the most diversified economy in the GCC, with only a third of its GDP coming from hydrocarbons activity. Recently, however, pressures from the oil price drop...
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