Emirates’ DP World handled 19,3 million TEUs (twenty-foot equivalent units) across its global container terminals in the first quarter of 2022, with gross container volumes increasing 1.7% year-on-year (y-o-y) on a reported basis and up 1.9% on a like-for-like basis. Global figures. In the first quarter, volume growth was driven by Asia Pacific, Middle East, …
DP World announces a gross volume growth of 1.9% in Q1 2022. Read More »
Dubai Industrial City, a manufacturing and logistics hub managed by the TECOM Group, and Etihad Rail, the developer, and operator of the UAE’s National Rail network, will jointly host an advanced freight terminal covering 5.5 million square feet. As part of Dubai and the UAE’s advanced infrastructure and state-of-the-art transportation network, the rail freight terminal …
Dubai Industrial City to host rail freight terminal as a gateway to MENASA. Read More »
Dubai’s first virtual asset regulation was announced on Thursday, 10 March 2022. The news has shaken the crypto market and left many wondering what effect it may have on their crypto investments and entrepreneurial projects. Although the Regulation will be released in due course, we know a few things. The regulation represents a positive step forward …
Wego, the online travel marketplace in the Middle East and North Africa (MENA) region, plans to acquire Cleartrip’s Middle East business in a deal that is expected to close in the second half of 2022. Dubai Internet City, where the two companies are located, has a history of significant partnerships aimed at geographic and product …
Wego will acquire Cleartrip’s Middle East business. Read More »
In the UAE, the shift to a new work week has been most pronounced among young adults. There is a higher proportion of young adults aged 18-24 who claim to be affected by this change (76 percent) compared with older adults aged 35-44 (59 percent) or 45+ (49 percent). The survey was conducted online by …
The UAE’s corporate tax regime will be among the most competitive worldwide, featuring a standard statutory tax rate of 9 percent and a tax rate of 0 percent for taxable profits up to AED375,000. The Ministry of Finance announced that the UAE will introduce a federal corporate tax on business profits that will be effective …
It would seem that franchise and distribution agreements are nothing more than abstract commercial arrangements between parties. There is a significant underestimation of the prevalence and importance of franchise and distribution agreements in the UAE. A casual stroll through any busy street or shopping center in the country will reveal the impact of a wide …
Franchise Agreements vs. Distribution Agreements – A comparison. Read More »
As Expo 2020 Dubai is forecast to add a value of more than $30 billion, it will have a significant impact on the economy of Dubai, the UAE, and the broader Middle East, North Africa (MENA) region well into the future. With the celebration of the 50th anniversary of the UAE’s formation as a federation, …
The impact of Expo 2020 on the UAE’s SME landscape. Read More »
Opportunity is a word that signifies hope and promise. This word implies endless possibilities and the possibility of something greater and better. In the wake of one of the most challenging periods in human history, it is a word the world clings to – both on a macro and micro level. The United States’ first …
Opportunity: Expo 2020 Dubai is committed to fostering an inclusive future. Read More »
Dubai International Financial Centre (DIFC) has recently combined the DIFC Arbitration Institute (DAI) with the Emirates Maritime Arbitration Centre. (EMAC). Thus creating an amalgamated entity called the Dubai International Arbitration Centre (DIAC), an independent, permanent, non-profit institution that will provide the region and international business communities with arbitration services. At present, current arbitration services will …
Newly merged Arbitration Centre to offer businesses international arbitration services Read More »
