The Dubai Multi Commodities Center (DMCC), which is one of the world’s leading Free Zones, has broken its 7-year old for registering the most number of firms in its Free Zone in a single month. DMCC welcomed 216 new companies on board in April, which also helped the free zones achieve the best results Q1,…
Ministry of Economy in the United Arab Emirates (UAE) is bringing new legislation that will be including 10 new sectors to the commercial company law. According to a senior official, they will be able to own 100% foreign ownership of onshore companies within the country. The latest information confirms that the formation of it is…
The United Arab Emirates (UAE) and its drive to remain ahead of the technology curve have seen another development with the launch of world-renowned online payment service, Stripe, launching its first Middle East office in Dubai. This launch comes weeks after Stripe’s latest funding round, which has now pushed company’s total value to over $95…
Following the mass rollout of COVID-19 vaccinations, the businesses are slowly and steadily resuming their operations as they used to be. The pandemic saw a mass downsizing across the globe due to sustainability issues by various companies but now, the companies are starting to hire people back. The “Great Place to Work”, a global consultancy…
The United Arab Emirates (UAE) has jumped four places, according to the latest Kearney’s 2021 Foreign Direct Investment (FDI) Confidence Index rankings. UAE was ranked first in the Middle East while it jumped four places to 15th position in global rankings as the country’s economic and business sectors continue to strengthen following the decline witnessed due…
The Free Zones World Economic Barometer study has revealed that free zones across the globe are all gearing up to overcome the challenges of the third-wave of COVID-19 pandemic and soon hopefully the post-pandemic world as well. The business in the free zones was first stalled due to the pandemic but has seen tremendous progress…