Author: Suhail Hasan
Suhail Hasan
Suhail Hasan is a British businessman and entrepreneur who is the COO of Fame and guest author of Dubai News.
A new extensive guidebook from Dubai serves to protect family business entities and their success while family businesses maintain their essential economic position in the emirate. A new guidebook named “Family Businesses in the Emirate of Dubai: A Guidebook” emerged from the joint efforts between the Dubai Department of Economy and Tourism together with the Dubai Centre for Family Businesses under Dubai Chambers. The guidebook launched at the opening ceremony of the Knowledge Series event which focused on “Building a Lasting Legacy: The Future of Family Businesses in Dubai.” The event organized panel discussions about preserving family legacies as well…
The cryptocurrency payment option at O Beach Dubai enables guests to make transactions with Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) throughout all areas. The international crypto payment provider Bitspace enables this transformation as Dubai positions itself as a leading fintech and innovation center worldwide. Customers can now carry out cryptocurrency transactions to buy beach club bookings and services together with experiences at the beach area through digital currencies. Guests at this venue have the option to use crypto transactions through secure mechanisms for payments which replace standard payment options for reserving VIP tables and poolside cocktail purchases. Since its…
A revolutionary National Investment Strategy introduced by the UAE aims to increase foreign direct investment by an estimated 100 percent during 2031. Sheikh Mohammed bin Rashid Al Maktoum led the UAE Cabinet at Qasr Al Watan in Abu Dhabi where authorities announced their plan to enhance annual FDI inflows by AED 240 billion ($65.4 billion) until 2031 starting from AED 112 billion ($30.5 billion) in 2023. The strategy targets a two-fold expansion of FDI stock worth AED 800 billion ($218 billion) to reach AED 2.2 trillion ($600 billion). The UAE seeks to expand its industry sector while also focusing on…
The China-Arab Entrepreneurs Summit of Investopia 2025 reached its latest edition in Abu Dhabi through its “Seizing New Opportunities” theme. More than 400 worldwide leaders from different sectors participated in this event that showcased the rising economic ties between China and the UAE. Expanding Sino-UAE Trade and Investment His Excellency Abdullah bin Touq Al Marri, UAE Minister of Economy, pointed out that China holds the position of top trading partner for the UAE as the UAE stands as China’s leading trade partner in the Middle East and North Africa region (MENA). The UAE hosts more than 15,500 active Chinese businesses…
The educational authorities in the UAE have implemented remote education for public schoolchildren on Fridays during the 2025 Ramadan period. Through this Ministry of Education program families will have an opportunity to strengthen their unison and deepen their appreciation for the sacred aspects of Ramadan. The “Ramadan with Family” program enables students to learn remotely from their homes on Fridays thus permitting them to participate in familial activities despite their academic pursuits. The leadership of the UAE supports the initiative because it advances their objective to strengthen parenting relationships and enrich Ramadan culture for youth students through family activities. Key…
United Arab Bank (UAB) reported a 30% rise in its net profit for 2024 which reached AED 331 million surpassing the 2023 value of AED 255 million. The financial success derives from better operating results combined with effective account recoveries along with lower impairments of net value. Key Financial Highlights: The company reported AED 606 million in operating income which achieved a 5% growth compared to the previous year. UAB witnessed a 22% year-on-year total assets growth which brought the total to AED 21.5 billion because of 23% expansion in loans and advances and Islamic financing products. The bank experienced…
The payments industry in the UAE is expected to make a spectacular leap with the projected revenue to reach $27.3 billion by 2028 by BCG’s Global Payments Report 2024. However, there is a slow pace experienced in the global payments growth, the UAE has been seen to lead other countries in the GCC due to emersive technological advancement as well as right financial investment on the same. Powerful regional results when the entire global picture deteriorates But global payments revenue growth is expected to decline, with CAGR thus halving to 5 per cent by 2028 with the Middle East expected…
China now has become the third largest trading partner of the UAE and the two countries are expected to reach a new threshold of $100 billion by 2024. The “Invest in China” promotional road show which took place at the Grand Hyatt Abu Dhabi on 11-12th, seeks to capture the fact that the two countries are keen to increase the trade and investment relations beyond the current levels. The event organized by the Ministry of Commerce of the People’s Republic of China with assistance from the Chinese Embassy attracted Government officials, sovereign wealth funds, and business executives from the UAE…
The Ajman NuVentures Centre Free Zone (ANCFZ), the newest Free Zone of the UAE started its operation only two months back but currently, it has over 450 companies registered with it. Currently, ANCFZ offers incomparable speed and efficiency of doing business and has defined itself as a free zone with a focus on digitization that would meet the needs of contemporary economic agents and venture creators. As per the CEO Rishi Somaiya with freedom of over 47+ free zones across the UAE, ANCFZ will also provide an establishment process completely on paperless. Clients can sign and confirm documents with digital…
The new creation of Brand Dubai, a division of the Government of Dubai Media Office, that overlooks public art installations to reflect Dubai’s progress and the UAE’s founding fathers, is a massive art piece at the DIFC Gate. The artwork forms part of the #ZayedAndRashid campaign conducted to mark key national events such as Flag Day and Eid Al Etihad showing the public’s continuing appreciation for the visionary leaders who presided over the country’s transformation. The key concept of the installation is illuminated by the large monumental portrait measuring 50 meters, which portrays the Founding Fathers against the background of…