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| A comprehensive guide
to current and future events and exhibitions in the UAE |
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Valuable concise reference source on the UAE,
covering political system, economy, business, history and heritage,
education, women, healthcare, tourism and environment. |
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Natural history of the UAE,
covering all animals and plants recorded in the Emirates. |
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Report by National US Arab Chamber of Commerce on the UAE. Vol XV, No 3, June 2007. Includes analysis of UAE economy. |
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THE ECONOMY - BUSINESS
 Daman Investments launches Dh200 million Daman speculator fund
Posted on 01/07/2008
Daman Investments PSC, the leading UAE-based fund managers, yesterday announced the launch of The Daman Speculator Fund, a trendsetting Dh200 million fund, which focuses on the dynamic and vibrant nature of the UAE and GCC equity markets.
The offer period for the new fund will begin on July 1 and ends on July 31, 2008. The Daman Speculator Fund is a UAE-registered investment vehicle regulated by the United Arab Emirates Central Bank, with an initial unit offer price of Dh100/per share. The
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![]() RAK Commercial Arbitration Centre to be set up
Posted on 30/06/2008
H.H. Sheikh Saqr bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, has issued Amiri Decree No 17/2008 for setting up the Ras Al Khaimah Commercial Arbitration Centre. The centre would provide conciliation and arbitration services to business and commercial sectors in the emirate and outside. According to the decree, the Ras Al Khaimah Chamber of Commerce and Industry (RAKCCI) shall upon the approval of its board, draw up the administrative structure and the
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![]() UAE companies may report higher quarterly profit: Week Ahead
Posted on 30/06/2008
United Arab Emirates companies may report rising second-quarter earnings this week, led by banks as economic growth boosts demand for financial services in the second-biggest Arab economy. Net income at U.A.E. companies will rise an average 14 percent, according to estimates from Global Investment House KSCC, Kuwait's biggest investment bank. Profit growth at banks may be 24 percent, the best industry performance.
``The macro-economic backdrop is very strong,' Amr Abol- Enein, head of equity
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 DIFC to become hub for family offices
Posted on 18/06/2008
The Dubai International Financial Centre (DIFC) yesterday announced new regulations to encourage ultra-wealthy families to establish Single Family Offices (SFOs) at the DIFC.
Created in consultation with the DFSA, the new regulations specifically address the needs of family run institutions and create a platform for wealthy families to set up holding companies at the DIFC to manage private family wealth and family structures anywhere in the world, said a statement from DIFC.
HE Dr Omar Bin
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 Khalifa Fund gets capital hike
Posted on 11/06/2008
The Sheikh Khalifa Fund for Support and Development of Small and Medium Enterprises has been given a major boost as its capital of Dh300 million has been hiked to Dh1 billion, thanks to the generosity of President H.H. Sheikh Khalifa bin Zayed Al Nahyan.
Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, General Sheikh Mohammed bin Zayed Al Nahyan, ordered the increase in the capital of the fund in line with the directives of the UAE President. Sheikh Mohammed
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![]() FCCI reviews UAE's investment opportunities
Posted on 11/06/2008
Secretary general of Federation of the UAE Chambers of Commerce and Industries (FCCI) Abdullah Sultan Al Ameen and senior officials from the Indonesian Trade Promotion Centre (ITPC) at a meeting ways to join the list of global corporations which has become UAE-based as well as to tap investment opportunities offered by the UAE booming economy.
He cited exemption from tax, freedom of capital movement, advanced banking and financial services among facilities and advantages offered by the UAE for
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![]() DTCM directed to exempt SMEs from bank guarantees
Posted on 08/06/2008
Extending a strong support to small and medium enterprises (SMEs) in the UAE, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has directed the Department of Tourism and Commerce Marketing (DTCM) in Dubai to offer up to 50 per cent exemption in bank guarantees charged to members of the Mohammed bin Rashid Al Maktoum Establishment for Young Business Leaders.
Applicable to members of the Establishment who own or operate tourism
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 Etisalat signs MoU with Khalifa Fund
Posted on 29/05/2008
At MECOM 2008, etisalat, yesterday signed a Memorandum of Understanding (MoU) with Khalifa Fund to support the development of small and medium businesses (SMBs) in the UAE. This MOU will leverage the combined strengths of both entities to create a strategic platform for supporting SMBs through mutual training, exchanging expertise and creating a superior technology infrastructure.
The Khalifa Fund was established with the objective of offering business opportunities to Emirati entrepreneurs
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![]() UAE and Syria to establish a holding company
Posted on 27/05/2008
UAE and Syria have agreed to establish a UAE-Syrian holding company to conduct a number of important development projects in fields of ports, real estate and free zones development. This was announced in a meeting that gathered Mohammed Naji Al Etri, Syrian prime minister, and Jamal Majid bin Thania, Chairman of Dubai World. The two sides discussed also cooperation and ways to develop the sectors of transport, tourism, ports and free and industrial zones. – Emirates News Agency, WAM
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 Lubna Al Qasimi, German official break ground for German Business Park
Posted on 26/05/2008
UAE Foreign Trade Minister Sheikha Lubna Al Qasimi and German Consul General to Dubai, Johann-Adolf Cohausz, broke ground of German Business Park, a large mixed-use development in Dubai Silicon Oasis that will serve as a hub for German business in the UAE and wider GCC region. The ceremony was held Saturday in the Headquarter Building of Dubai Silicon Oasis.
German Business Park, a joint venture between the Dubai Silicon Oasis Authority and the Bin Jabr Group of Abu Dhabi, is slated to
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 Dh2.2b Emarati-Libyan firm set up
Posted on 21/05/2008
An agreement was signed yesterday to establish the Libyan-Emarati Holding Company (LEHC) at a total capital of US$600 million (Dh2.2 billion). The agreement was signed by HH Sheikh Mansour bin Zayed Al Nahyan, Minister of Presidential Affairs and Hamid Al Hudairi, Secretary General of the Libyan Social and Economic Development Fund (SEDF).
The new company will focus on developing various projects covering real estate, tourism, oil '&' gas and energy. Its maiden project will be Marsa Tarablus
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![]() GEM Report 2007 ranks UAE higher for promoting enabling env. for start-up businesses
Posted on 20/05/2008
The UAE has achieved remarkable progress in promoting an enabling environment for start-up businesses and entrepreneurial activities, ranking 25th among 42 countries, up from 41st position last year, according to the UAE-Global Entrepreneurship Monitor (GEM) 2007 Report that was released in Dubai Monday.
The UAE is rated first as well among 42 countries for hosting start-ups that have 25 per cent to 75 per cent of customers from overseas markets (export or re-export). The country has also
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![]() UAE to participate in Palestine Investment Conference: Abdullah
Posted on 16/04/2008
Public and Private sectors in the UAE will participate in the Palestine Investment Conference (PIC-Palestine) which will be held in Bethlehem from May 21-23, UAE Foreign Minister HH Sheikh Abdullah bin Zayed Al Nahyan announced Tuesday. Sheikh Abdullah urged during a consultative meeting on the event Palestinian businessmen in the UAE to take part in the conference which aims to highlight investment opportunities in the Palestinian economy.
It is a platform to share innovative business
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 UAE companies enter Forbes’ list
Posted on 06/04/2008
Some 11 UAE companies have made it to the list of world's biggest companies compiled by Forbes magazine. Emaar Properties leads the UAE's companies, ranking 726 on the list, followed closely by Emirates Bank Group at 855. Other companies are National Bank of Abu Dhabi (910), Abu Dhabi Commercial Bank (1,025), Dubai Islamic Bank (1,055), Mashreq (1,069), First Gulf Bank (1,197), DP World (1,225), Dubai Financial Market (1,387), Union National Bank (1,607) and Aldar Properties (1,730).
HSBC
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![]() UAE issues business directory for Chinese investors
Posted on 02/04/2008
The Ministry of Foreign Trade has issued a comprehensive foreign investor directory in Chinese language to mark the current four-day visit to China by Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum. The Ministry will distribute the directory to Chinese investors, businessmen and CEOs during the UAE-China trade forum which will get underway in Shanghai on Wednesday.
A ministry press release said the first of its kind initiative is
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