Category: Sales

ABU DHABI, The Federal Competitiveness and Statistics Centre (FCSC) announced that the country’s gross domestic product (GDP) grew at constant prices by 3.9 percent, and at current prices by 18.8 percent in 2021.   The centre’s data issued today showed that GDP at constant prices increased to AED1.499 trillion in 2021 from AED1.442 trillion in… Continue reading UAE GDP growth of 18.8% at current prices in 2021: FCSC

ABU DHABI, Agthia Group PJSC, one of the Middle East’s leading food and beverage companies, has launched its first-of-a-kind e-commerce marketplace eZad, www.ezad.ae. The B2B platform is the world’s first virtual platform dedicated to trading in dates. This alternative sales channel is the result of a fruitful cooperation between Agthia subsidiary Al Foah and the… Continue reading Agthia Group launches eZad, the world’s first virtual platform for trading in dates

DUBAI, The Ministry of Economy has announced the addition of more stakeholders to its NextGenFDI Program, the landmark initiative designed to attract digitally enabled companies to the UAE. Launched in July, the program aims to target businesses from all over the world with a package of market entry fundamentals required to launch and scale from… Continue reading Sharjah, Ras Al Khaimah, Citizens School and G42 Cloud join MoE’s NextGenFDI program to attract global digitally enabled companies

DUBAI, ENOC Group reiterates its commitment to support Emiratisation during Careers UAE 2022 by offering more than 80 job opportunities across downstream and corporate divisions within the Group. In 2022, the Group achieved 50% Emiratisation.   The various energy career opportunities were revealed during ENOC’s participation at the 21st edition of Careers UAE, which is… Continue reading ENOC Group announces 50% Emiratisation during Careers UAE 2022

ABU DHABI, International Holding Company (IHC), the diversified Abu Dhabi-based conglomerate, today announced a direct acquisition of a 15% stake in Burjeel Holdings, the leading regional private healthcare group, in one of the biggest deals in the Gulf’s healthcare sector in recent years.   The acquisition aims to scale and diversify IHC’s investment in the… Continue reading International Holding Company acquires 15% stake in Burjeel Holdings

VIENNA, The price of OPEC basket of thirteen crudes stood at US$95.70 a barrel on Friday, 16th September, compared with US$97.30 the previous day, according to OPEC Secretariat calculations.   The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon),… Continue reading OPEC daily basket price stands at $95.70 a barrel Friday

DUBAI, The Financial Restructuring Committee (FRC) recently held the second meeting of its Consultative Council, which provides an open discussion forum between the FRC and the experts in the field of financial reorganisation of defaulting companies and bankruptcy cases.   Younis Haji Al Khoori, Undersecretary of the Ministry of Finance (MoF) and Chairman of the… Continue reading Financial Restructuring Committee holds Consultative Council’s 2nd meeting for 2022

ABU DHABI, AD Ports Group, the leading facilitator of trade, logistics, and industry, has unveiled “KEZAD Group” as part of the plan to consolidate and grow its Economic Cities and Free Zones offering.   The move follows the integration of Khalifa Industrial Zone Abu Dhabi (KIZAD) and Specialised Economic Zones (ZonesCorp) into the newly formed… Continue reading KEZAD Group launched, to provide integrated ecosystems for strategic industries in Abu Dhabi

DUBAI, Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to develop a comprehensive business strategy to support the growth of family-owned businesses in the UAE within the framework of the economic goals of the Year of the Fiftieth initiative,… Continue reading Maktoum bin Mohammed attends the launch of the ‘Thabat’ programme to support family businesses

SHARJAH, The Sharjah Chamber of Commerce and Industry (SCCI) has made a number of recommendations to strengthen the emirate’s public-private partnerships (PPPs), following the Cabinet’s recently approved decision to issue a federal law regulating partnerships between the federal authorities and the private sector in the UAE.   During its regular meeting held at the SCCI’s… Continue reading Sharjah Chamber makes new recommendation to strengthen PPPs, draw more investments

DUBAI, Sultan bin Sulayem, DP World Group Chairman and CEO and Chairman of Ports, Customs and Free Zone Corporation (PCFC), said that the economic sectors in the UAE are performing positively and are likely to achieve more growth, during the meeting of the 3rd Dubai Customs Consultative Council (DCCC).   The UAE’s foreign trade for… Continue reading Dubai Customs organises 3rd DCCC meeting in 2022 amid expectations of more economic growth

SHARJAH, Sharjah Economic Development Department (SEDD) reviewed the most important developments and events witnessed by the economic sectors and the measures as well as efforts taken by the Department in all sectors and activities, during the first half of the current year 2022.   This was done to provide a comprehensive tool for dealers in… Continue reading Over 33,000 issued and renewed licences with 81,933 inspection campaigns in Sharjah in H1 2022