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 »
The price of commodities has increased dramatically in the past two years due to the pressures of COVID-19. The prices of a number of companies have increased in recent years in response to pressures to achieve higher financial returns, manage new corporate tax policies (9 percent in the UAE announced recently), and keep up with inflation …
Pricing decisions that SMEs need for strategic growth. 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 …
As the first community-led female-only business accelerator in the UAE, 60 Day Startups (60DS) is mentoring and supporting its largest cohort to date, consisting of 15 startups led by multi-cultural, passionate, energetic, and inspiring women who are keen to fuel their dreams and scale up their businesses. The program’s third cohort includes entrepreneurs, students, mothers, …
60 Day Startups provides a unique opportunity for first-time entrepreneurs. Read More »
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 collaboration with Rungis, AD Ports Group, and UAE-based multi-business conglomerate, Ghassan Aboud Group has established one of the region’s largest multi-category wholesale food trading and logistics centers in KIZAD. In collaboration with Rungis, the Regional Food Hub – Abu Dhabi will bring together wholesale buyers, sellers, logistics partners, consolidators, and distributors from across the …
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 …
As part of the most extensive legislative amendments in the history of the United Arab Emirates, the Ministry of Economy (MoE) shared updates on Industrial Property and Patents. As of 2021, the following sectors accounted for the majority of patent applications: machinery and construction (23 percent), chemical engineering (24 percent), pharmaceuticals and biotechnology (24 …
