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December 22, 2021

Dubai Chamber highlights economic landscape and growth prospects for business groups and councils

Dubai Chamber recently organized its last quarterly meeting of 2021 with the Business Groups and Business Councils which operate under the Chamber’s auspices, as part of its mission to represent, support, and protect the interests of the business community in Dubai.

During the meeting, the Chamber reviewed the emirate’s economic landscape, growth prospects, and investment opportunities, and introduced the private sector to the most recent developments in the laws and regulations.

The meeting provided a platform to engage with the business community and exchange views on the latest economic developments, identify the challenges being faced by the private [...]

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December 15, 2021

Busan Finance Center signs an agreement with Dubai International Financial Centre to Strengthen Korea – UAE Business Opportunities

Busan Finance Center (BFC) has signed an agreement with Dubai International Financial Centre (DIFC) to forge global cooperation between the Korean and UAE financial centers.

The agreement covers a wide range of areas including Environmental, Social, and Governance (ESG), trade finance, FinTech, joint webinars, and collaboration on the future of finance.

Established in 2004, DIFC is the leading financial hub for the Middle East, Africa, and South Asia (MEASA), which houses almost 28,000 professionals working across over 3,200 companies. BFC plans to expand its activities to the MEASA region by sharing information on local capital markets and bolstering its global [...]

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December 14, 2021

Commercial Bank of Dubai becomes the first bank to establish a Digital Lab at the DIFC Innovation Hub

Commercial Bank of Dubai, one of the leading banks in the UAE, announced the opening of its Digital Lab at the Dubai International Financial Centre (DIFC) Innovation Hub, the region’s largest innovation ecosystem.

The CBD Digital Lab was inaugurated by CBD Chairman, H.E. Humaid Alqutami, CBD Vice Chairman, H.E. Sultan Saeed Al Mansoori, and the Governor of DIFC, H.E. Essa Kazim. Senior Executives from CBD including Chief Executive Officer, Dr. Bernd van Linder; and DIFC Authority including Chief Executive Officer, Arif Amiri, attended to mark the occasion.

The CBD Digital Lab is the first initiative by a bank to establish an R&D facility in the DIFC [...]

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December 13, 2021

DMCC COMPLETES SUCCESSFUL TRADE MISSION TO KYIV, UKRAINE TO HIGHLIGHT COMMERCIAL APPEAL OF DUBAI

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has announced the successful completion of its inaugural week-long trade mission to Kyiv, Ukraine. Officially supported by the Ukrainian Chamber of Commerce and Industry, and the Ukrainian Business Council Dubai, senior DMCC representatives engaged directly with representatives of leading Ukrainian businesses to shed light on the commercial appeal of Dubai and promote the ease of doing business with the world through DMCC.

The trade mission – which saw DMCC stage its flagship Made for Trade Live roadshow event – represented DMCC’s first official visit to Ukraine, [...]

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December 9, 2021

Asset Manager Websites Wield Big Influence on Advisors’ Decision to Invest, J.D. Power Finds

Think financial advisors select asset managers based solely on track record and relationships with wholesalers? Think again. The information advisors do and do not provide on their websites and the ease of access to that information have become key drivers of strong intent to invest and high Net Promoter Scores® (NPS).1 However, according to the J.D. Power 2021 U.S. Advisor Online Experience Study,SM released today, many asset managers are missing the mark on basic website navigation and functionality, which creates a significant gap in satisfaction between top- and bottom-ranked firms.

The U.S. Advisor Online Experience Study, previously known as the Advisor [...]

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December 8, 2021

Al Ghurair: Number of ASEAN companies registered with Dubai Chamber increases by over 35% to exceed 3,300

His Excellency Abdulaziz Al Ghurair, Chairman of Dubai Chambers, has revealed that the number of companies from the Association of Southeast Asian Nations (ASEAN) registered with Dubai Chamber has increased by 35.5% since 2018 to exceed 3,300 today.

The announcement was made by His Excellency during his opening speech at the first Global Business Forum (GBF) ASEAN, which commenced today (Wednesday, December 8) at Expo 2020 Dubai.

Bearing the theme The New Frontiers, GBF ASEAN is organized by Dubai Chamber under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The two-day forum [...]

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November 27, 2021

10,707 Instant Licences issued during the first 10 months of 2021

The Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism in Dubai reported that 10,707 Instant Licences were issued during the first 10 months of 2021, among which 63% were Professional and 37% were Commercial.The Instant Licence is a path-breaking service whereby businessmen can establish and conduct business in Dubai easily with the option to issue an electronic Memorandum of Association (MOA), and a virtual site for the first year only. The service enables business owners to obtain their licences in one step within five minutes through invest.dubai.ae platform.Through the Instant Licence, the Department of Economy and Tourism aims to drive the [...]

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November 25, 2021

Dubai International Financial Centre announces supersonic speed technology introduction to enhance businesses and SME’s experiences in partnership with du

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has signed a new collaboration agreement with du, from Emirates Integrated Telecommunications Company (EITC). The partnership will see du implement a range of sustainable, innovative technologies within DIFC, which follows the leading UAE telco provider successfully implementing external 5G network capabilities at DIFC.

In due course, select internal office spaces within the Centre will be upgraded, placing them amongst the first commercial entities nationwide to benefit from 5G technology. ‘Supersonic’ data transfer and wireless [...]

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