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.
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…
The Minister of Tolerance and Coexistence of the UAE, Sheikh Nahyan bin Mubarak Al Nahyan took part in the 12th WUF held in Cairo, Egypt from November 4-8. It took place under the auspices of Egyptian President Abdel Fattah El Sisi, and brought together executives from the region and around the world to promote sustainable development cooperation. Sheikh Nahyan attended the meeting on behalf of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of UAE, pointing to the country’s dedication to multilateralism, and its large involvement in the local and international discourse. He also stated that the UAE strives…
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Crown Prince of Dubai has launched AED 16 billion road development program for 2024-2027 to upscale the roads and transport system in Dubai. The extravagant RTA project involves 22 new propositions for enhancing mobility type and convenience for 6m residents, and meeting the needs of Dubai’s systematic urbanization. While on a visit to the RTA, Sheikh Hamdan bin Rashid Al Maktoum, in the company of top official, discussed prospective expansions. Major roads include Latifa bint Hamdan Street and Al Mustaqbal Street, the proposed expansion of lanes, new bridges, and innovative…
The 15th Abu Dhabi-Singapore Joint Forum (ADSJF) was held today in Singapore where it was Co-Chaired by Khaldoon Khalifa Al Mubarak, Chairman of Abu Dhabi’s Executive Affairs Authority, and with Dr. Tan See Leng, Singapore’s Minister for Manpower and Second Minister for Trade and Industry. The Forum which is a part of the official visit of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi was graced by ambassadors, senior officials from the two countries and delegation from the government and private sectors. From this note, it is evident that each of these objectives was…
The gross domestic product for the UAE is expected to exceed $ 5% in year 2025 as stated by Michael Bolliger the Chief Investment Officer of the Emerging Market at UBS Global wealth management. In an online press briefing with WAM, Bolliger envisions it at 4 per cent in 2024 in line with the latest assessment of the International Monetary Fund (IMF) with projection on UAE’s GDP growth rate to hit 5.1 percent in 2025. According to Bolliger, there are several trends on the international level influencing the economic expectations for the GCC countries, at least in concerns to oil…
As the Middle East’s largest hypermarket chain, LuLu Retail Holdings Plc is preparing for a massive IPO on the Abu Dhabi stock exchange that is tipped to be one of the heftiest offerings in the region for the year. LuLu’s owners intend to float 2.58 billion shares which is 25 per cent of the company’s stake, the offering opens on October 28. The true cost will be established on 6 November while the firm will go public on 14 November. Lulu Group which was started by the prominent Indian businessman AbdulRI Zamzami alias Yussuf Ali in early 1990s when the…
Over the next few years, the Dubai’s oil-rich Sheikhdom is expected to invest a whopping $100 billion in India said Indian Commerce and Industry Minister Piyush Goyal. The sectors that can hope for huge investments include renewable energy sector, power transmission projects, data centre and artificial intelligence (AI). Addressing the media during the 12th session of the India-UAE high-level joint task force on investments in Mumbai Goyal listed current investment efforts and future potential in manufacturing and other fields. At the moment, the total of direct equity investments of UAE is slightly under $20 billion while the investment in India…
The UAE has effected major changes to its Value Added Tax regime that it hopes to improve its investment climate and attract more firms. Some of these amendments are as follows: Regarding the correction of these amendments, these amendments are part of the ongoing reform process in the country’s tax system, namely: Key exemptions and necessary new rules aimed at stimulating economic development and harmonizing with the norms and standards of the International Convention. Key VAT Amendments The Ministry of Finance has revealed Cabinet Decision no 100 of 2024, which entails some changes on the Executive Regulations of Federal Decree-Law…
DMCC, the world’s number one free zone and Government of Dubai’s official commodities trade association, has now attracted over 500 Italian companies, up 6% this year, 2024. This came after the DMCC recently completed the Made For Trade Live roadshow, which it conducted in Milan and Rome to showcase the opportunities in goods that include jewellery, luxury, and fashion. Italian foreign trade reached $6.3 billion for the same year and using Dubai as a gateway to the world, DMCC helps Italian companies to trade beyond $9.3 billion to the UAE in 2023. The incentive business environment in the free zone…