Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, announced the launch of the Dubai Technology Tour – an initiative that aims to drive UAE-India collaboration in the areas of fintech and healthtech.
As people across the world were forced into a lockdown and 'socially distance' to curb the outbreak, the World Health Organization and other health authorities also called for 'medical distancing' to minimize physical contact between patients and healthcare providers in order to limit exposure and transmission as well as allocate hospital capacity to more critical cases. And while not a solution to the emergency, telemedicine has fast become an essential part of the response to the outbreak.
Closer to home, an Economic Bulletin on the US-China trade war by the Dubai Chamber of Commerce says that the UAE, and some other GCC countries are “very well positioned” to gain a larger market share in the Chinese market for select products on the list such as petrochemicals and polymers, such as polyethylene, polycarbonate and acrylonitrile, along with liquefied propane. The tariffs could also have a positive impact on UAE producers due to higher demand from China. Meanwhile, with the UAE's role as a major transshipment point, the trade war also presents an opportunity for SMEs in the Emirates and wider Middle East region who function as the main importers and re-exporters of Chinese goods.
Information technology spending in the UAE is forecast to grow by a compound annual growth rate of 8 percent to reach Dh23.1 billion by the end of 2019, according to a report released by the Dubai Chamber of Commerce and Industry.
The UAE has successfully created a legal framework that is constantly adapting, matching or exceeding the highest international standards, to meet the needs of the entrepreneurship community.
Employment in the private sector increased by one percent in Q2 to 5.1 million compared to a rise of 0.1 percent in the previous quarter, according to figures released by the Central Bank of the United Arab Emirates.