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November 24, 2023
Why Companies are being Liquidated in Dubai
Why Companies are being Liquidated in Dubai: While there lie a large number of opportunities in the booming Dubai, there are some companies that are forced into liquidation. It is because of some financial and legal reasons, or because of inadequate planning or some bad choices. In such cases, companies have to undergo a compulsory…
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November 14, 2023
Steps to Transfer your UAE Residence Visa from an Old Passport to a New One
Originally posted 2021-09-29 03:48:28.
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November 14, 2023
Consumers of Middle East Prefer Locally Produced Goods
Consumers of Middle East Prefer Locally Produced Goods: There has been an emerging trend amongst consumers across the Middle East to shift from global to locally produced goods and services. A large chunk of the population that supports this are the millennials. It is the millennials now who constitute the working population and make choices…
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September 22, 2023
Dubai and Hong Kong forge Financial Services Partnership to Activate Economic Corridor
Introduction In a move that has captured the attention of global financial markets, Dubai and Hong Kong, two iconic financial hubs, have recently announced a groundbreaking partnership aimed at establishing an economic corridor that promises to reshape the financial landscape of the Middle East and Asia. This strategic collaboration is set to unlock immense opportunities…
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September 20, 2023
UAE to Welcome 9,200 Additional Hotel Rooms by Year’s End, Report Finds
UAE – In a testament to its commitment to becoming a premier global tourism destination, the United Arab Emirates (UAE) is set to add a staggering 9,200 more hotel rooms to its inventory by the end of this year, according to a recent report. This expansion underscores the UAE’s relentless pursuit of excellence in the…
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July 12, 2023
New initiatives to help revitalise trading on MSX – Oman
Muscat: The Muscat Stock Exchange (MSX) recently unveiled a series of innovative steps that would help stabilize the exchange and revitalize trading. The initiative’s significance lies in its capacity to easily provide liquidity for securities, maintain a balance between supply and demand, and limit the existence of offers to buy or sell securities without accompanying…
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July 10, 2023
Oman’s oil exports reach 128.07 million barrels by May
Muscat: The National Centre for Statistics and Information (NCSI) released preliminary figures showing that the Sultanate of Oman exported a total of 128,070,300 barrels by the end of May 2023, with an average oil barrel price of $81. You will be interested on: Oman Free Zone Company Formation Eighty percent of the 160,144,300 barrels of…
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July 4, 2023
His Majesty The Sultan issues Royal Decree establishing Khazaen Economic City – Muscat, Oman
Muscat, Oman – His Majesty Sultan Haitham bin Tarik has issued a Royal Decree establishing Khazaen Economic City and promulgating its Bylaw (articles of association). You will be interested on: Duqm Free Zone Company Formation Registration Incorporation The city will be located in the governorate of South Al Batinah, on a land area of approximately…
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June 19, 2023
Dubai Chambers Opens London Office as UK Trade Hits $8.6bn
Dubai, UAE – Dubai Chambers, the largest business chamber in the Middle East, today announced the opening of its first European representative office in London. The office will be responsible for promoting Dubai as a global business hub and facilitating trade and investment between the UAE and the UK. The opening of the London office…
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June 15, 2023
Multi-billion dollar schemes fuel UAE’s industrial evolution
The United Arab Emirates (UAE) is investing heavily in its industrial sector, with a number of multi-billion dollar schemes underway. These schemes are aimed at transforming the UAE into a global hub for manufacturing and innovation. One of the most ambitious schemes is Operation 300 billion, which aims to attract AED 300 billion (USD 81.7…
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