Past News June 2015

Displaying 1-11 of 11 results.

UAE ranked 5th in global readiness index

Sun, 28 June, 2015

According to KPMG 2015 Change Readiness Index , when it comes to dealing with change brought about by everything, from economic and political shocks, to long term trends such as technologies and demographics, the UAE is the most prepared in the Arab world. The UAE has emerged number five in the index just behind Singapore, Switzerland, Hong Kon...

New federal entity to boost the success rate ...

Wed, 24 June, 2015

The National Programme for Small and Medium Enterprises (SMEs) endorsed by UAE Cabinet will give a boost to SME across the country said Mohammad Ali Yasin, Managing Director of National Bank of Abu Dhabi Securities. The new programme, which will be under the umbrella of the Ministry of Economy, aims to develop blueprint to provide expertis...

UAE economy to grow by Dh87 billion to Dh1.61...

Mon, 22 June, 2015

According to global consulting firm Frost & Sullivan the size of the UAE economy based on its GDP is estimated to grow from $416.44bn (Dh1.528 trillion) last year to $440.18bn (Dh1.615 trillion) this year, thanks to its economic diversification, increased public sector spending and huge foreign reserves. Frost & Sullivan predicts gr...

Dubai's May inflation rate jumps to six-...

Mon, 22 June, 2015

Dubai inflation rate in May rose to its highest level since May 2009, driven by housing and utility costs as per the data released by Dubai Statistics Centre.  Inflation rose to 4.7 percent year-on-year with housing and utility costs, which account for almost 44 percent of consumer expenses, jumping 7.8 percent from a year earlier. The inf...

Featured Event: UK Property Investment

Mon, 15 June, 2015

More than 150 members and guests were at the Jumeirah Beach Conference Centre auditorium this month for an event sponsored by Cluttons, a panel discussion on the opportunities for investing in property in the UK. The event featured expert opinion from real estate, tax, legal, and finance perspectives on buying and investing in UK property. The...

Meet the BBG Elected Committee for the year 2...

Mon, 15 June, 2015

Following the BBG Annual General Meeting on 28th May 2015, we are pleased to announce our Committee for the year 2015/16.   ...

RTA to extend Metro tracks to 421km by 2030

Mon, 15 June, 2015

The Roads and Transport Authority (RTA) unveiled plans to extend the Metro tracks to 110km by 2020 and to 421km by 2030. The RTA also recently announced a Route 2020 project to extend the Red Line of Dubai Metro by 15km to reach the Expo site. According to Mattar Al Tayer, Executive Director of the RTA and Chairman of the Board of Directors,...

Out and About

Sun, 14 June, 2015

We are excited to feature Dentons a global law firm here in Out and About. Our BBG Membership Relations Officer, Linda Rudkin visited their office at Boulevard Plaza 2 in Burj Khalifa District last month. Murieann Kelleher, Dentons Head of BD & Marketing -Middle East and Masoumeh Hossein, Dentons Marketing &...

Most UAE investors bullish on 2015 financial ...

Mon, 01 June, 2015

A recent survey by Franklin Templeton Investment Management revealed most investors in the UAE are optimistic of reaching their financial goals in 2015, although falling crude oil prices and rising inflation remain top concerns.Investor sentiment for the year ahead is more bullish, with 64 per cent believing the market will continue to move up...

The UAE tops the Middle East in competitivene...

Mon, 01 June, 2015

The UAE is ranked 12th in overall competitiveness ranking globally ahead of countries such as Qatar, Ireland, the Netherlands and Malaysia. In the Middle East region, the UAE was ranked top in the overall ranking ahead of Qatar. The USA remains at the top of the overall global ranking as a result of its strong business efficiency and financial...

GCC’s construction sector to boom despite o...

Mon, 01 June, 2015

According to a new report from Deloitte, the value of planned construction projects or those that are underway in the GCC is estimated to reach $172 billion in 2015. In the UAE, Al Maktoum International Airport expansion is the biggest infrastructure project valued at $32 billion, by followed by the $20 billion industrial project Tacaamol-Al...