Economy

Gold prices surge in Dubai, will it rise further?

Gold rallied to the highest level in nearly three weeks on Tuesday after a strong debate performance from French centrist presidential candidate Emmanuel Macron and as fading expectations for near-term US interest rate hikes pushed the dollar lower. The price of 24K gold in Dubai has been on an upward swing this week, touching Dh150.75 […]

Business Economy

Wheel of Fortune favours Dubai

Emirate remains most popular destination in MEA for the world’s largest 500 firms to set up regional HQ Tax breaks, business transparency, low Customs fees, and favourable fiscal and economic environments are the primary reasons behind a growing number of Fortune-500 companies establishing their regional headquarters in Dubai, a new study explains. Infomineo, a business […]

International Relations

International Relations

Business Hours The official weekend is on Thursdays and Fridays. Some multinationals close on Fridays and Saturdays, to overlap with companies doing business outside of the Arab world. However, most of the smaller private companies only close on Friday, although Thursday may be a half day. Government offices open at 7.30 a.m. and close at […]

Government

Government

About Dubai Government Workshop Dubai Government Workshop was established under the patronage of late His Highness Sheikh Rashid Bin Saeed Al Maktoum for performing certain tasks and jobs for the government. It has an important social mission with regard to meeting the needs of locals of the Emirate, directly and quickly while avoiding routine administrative […]

Economy

Economy

Real estate and property The property boom is driven by mega-projects, whether off-shore such as The Palm and The World or inland such as Dubai Marina, the Burj Dubai Complex, Business Bay and Dubailand. The government’s decision to diversify from a trade-based but oil-reliant economy to one that is service- and tourism-oriented has made real […]

Business in UAE

Business in UAE

Business is Distinctive Business in the UAE is complicated by the distinct character of each emirate. The commercial aspirations of Dubai Emirate mean that in most quarters there is a definite will to conduct business at a Western-style pace. This does not mean that traditional courtesies are waived. Business visitors will find that in Abu […]

Banks in Dubai

Banks in Dubai

ABN-AMRO Bank N.V. 2567 3512200 3511555 Foreign Bank ANZ Grindlays Bank PLC 4166 5088111 5088222 Foreign Bank Abu Dhabi Commercial Bank Ltd. 5550 2958888 2956632 Locally Incorporated Bank Al Ahli Bank of Kuwait 1719 2224175 2215527 Foreign Bank American Express Bank Ltd. 3304 3975000 3976986 Representative Offices Arab African International Bank 1049 2223131 2222257 Foreign […]