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Business & Economy
Stay informed with the latest business and economy reports from the UAE. As a leading market research company in the UAE, our expert analyses cover emerging market trends, economic developments, and strategic insights to help businesses and investors navigate the dynamic market.
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Why Dubai is 2025’s Most Searched Travel Destination – Trends and Insights
- July 30, 2022
- Posted by: Waqas Siddiqui
- Categories: Business & Economy, Hospitality & Tourism
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Dubai is the Most Searched Travel Destination Globally Dubai is now listed as the top most popular city breaks across the world, based on a study conducted by Premier Inn Hotel who reviewed data of over 130 countries including major tourist destinations such as USA, UK, France, Singapore and other European countries. The search data was used to discover which cities topped the list for travelers researching their next city break. The study identified that the holidaymakers were wanting to travel to the United Arab Emirates (UAE) the most. More than 21 out of the 136 countries which were analyzed showed Dubai as their top searched-for city break destination. The primary reason for the visitor’s travel from all over the world was for the glamorous lifestyle that Dubai provides. Paris was identified to be the second most researched city, closely behind Dubai, with the city topping the wish list of 16 countries for their city breaks. Dubai cemented the top spot over cities like Boston, Madrid, Singapore, London and Amsterdam. Read: UAE Approves 22 Policies to Expedite Transition to Circular Economy Dubai – World’s Most Popular Travel & Tourism Destination Dubai has also been on the list of most popular travel and tourism destinations. A report published by TikTok Travel Index 2022 released by Bounce, mentioned that Dubai emerged as the most-viewed destination on the popular social media platform by far with views for videos featuring the hashtag ‘Dubai’ totalling over 81.8 billion. The list was followed by New York City. Similarly, a study conducted by the UK based firm TonerGiant found that Dubai has the most popular skyline on Instagram, making it the most photogenic in the world with the highest average number of likes per photo. Dubai – World’s Most Popular Destination for Nomads Dubai has also made it in the top 3 list of destinations for global executive nomads to live due to its strategic location, according to a new research conducted by London-based real estate consultants Savills. Read: Dubai to Launch 50 Offices Globally to Promote Commerce and Attract Investments Dubai Tourism & Travel Overview Dubai continues to be a preferred destination for travelers as the Emirate has adapted quickly to change – both of which have undoubtedly helped the hospitality and travel sector begin its journey to recovery. The emirate welcomed 7.28 million international overnight visitors in 2021, representing a 32 percent year-over-year growth. The Dubai International Airport (DXB) recorded traffic of more than 13.6 million passengers in the first quarter of 2022, its busiest since 2020. With global air connectivity rising, annual traffic in Dubai International Airport is projected to reach 58.3 million in 2022, exceeding initial forecasts by a significant margin. Dubai also maintained its position as the world’s busiest international airport in 2021 with 29.1 million passengers. The re-opening of the city to international tourism certainly brought great opportunities for the travel and tourism industry. The Dubai government will also continue to play an active role in supporting the tourism sector and ensuring that Dubai continues to be an attractive tourist destination among international travelers in the post COVID-19 era. Research Konnection is one of the leading Market Research Firms in Dubai, UAE assisting clients in market research. At Research Konnection, we specialize in conducting Market Feasibility Studies, developing Business Plans and supporting clients with data collection (Surveys & Interviews). Feel free to reach out to us on hello@researchkonnection.com if you need support in business research in Dubai…
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Sheikh Mohammed Presents His Vision For UAE
- July 22, 2022
- Posted by: Waqas Siddiqui
- Category: Business & Economy
Sheikh Mohammed Vision presents his vision for UAE Last week, His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of UAE presented his vision for the country in the future and promised that he would continue to focus on the nation’s development while addressing the residents of UAE including both the Emiratis and expats on 12th July. With the speech lasting for more than 15 minutes, Sheikh Mohamed spoke about almost all the major topics from ensuring the happiness of the people residing in UAE to the vision of achieving world peace and building bridges of peace between countries. Some of the key initiatives that were addressed are listed below: Prioritizing the Happiness of the People To ensure that the people residing in the UAE have everything they need to live fulfilled, comfortable and happy lives. This was among the primary objectives and the basis of all the future plans that had been planned by the president. Ensuring Peace in the Region The policies set by the UAE will continue to focus on peace and stability in the region and also to the entire world. This will be achieved by supporting the countries in need and advocating for wisdom and cooperation among these countries for the wellbeing of the entire human race. Security of UAE The sovereignty and Security of the UAE will always be the primary focus and it still remains a foundational principle that everyone will abide by. Anything that could affect the security of sovereignty of the UAE will not be tolerated. He also mentioned that UAE will extend its hand of friendship to all the countries that share their value of peace, coexistence and mutual respect. This will be the primary step to achieve progress and prosperity. Appreciation towards the People His Highness Sheikh Mohamed bin Zayed Al Nahyan mentioned that the pride of UAE has always been the people. Both Emiratis and expats who have contributed to the growth of the country. He deeply appreciates the valued role that the residents who consider UAE as their second home have contributed. Their continuous contributions have been a major contribution to the building and developing the UAE since its union Tribute to late Sheikh Khalifa The president of UAE walked alongside the Founding Father, Sheikh Zayed, throughout the UAE’s development, and bore the nation’s trust after his father’s passing with sincerity and wisdom. Late Sheikh Zayed fulfilled his mission for his people, leaving an enduring legacy of generosity through his deeds in the region and around the world. Hope in the Youth UAE possesses a distinguished wealth of young manpower and is blessed with many resources among which highly skilled human capital being one of the major assets. Apart from this, the country also possesses more than 200 nationalities who are actively participating in the growth and development of UAE’s economy Extending a Helping Hand UAE will work to strengthen its role among the world’s leading countries by providing humanitarian aid, and by continuing to extend a helping hand to communities in need around the world, irrespective of religion or race. A Reliable Energy Provider The UAE will continue to consolidate the nation’s position as a reliable energy provider, and support global energy security as a fundamental driver of global economic growth and development. Economic Diversification UAE’s focus on further diversifying its economy is a key strategic focus of the country’s future plans. It is therefore necessary to accelerate economic development efforts to continue building a leading global economy, to enhance UAE’s competitiveness, and to achieve the highest global rankings. Read: UAE Approves 22 Policies to Expedite Transition to Circular Economy Utilizing Scientific Advancements for the Good UAE’s priorities also include further strengthening the people’s capabilities in science and technology and developing it further to benefit all economic areas and the society. The role of the private sector will be pivotal and it must be further activated through constant collaboration and diverse opportunities to increase its contribution to the growth of the economy. New partnerships and friends The next phase for Dubai will be to build on it’s reputation by establishing strategic partnerships with various countries. Continuing Sheikh Zayed’s approach, Dubai will work to strengthen it’s role among the world’s leading countries by providing humanitarian aid, and by continuing to extend a helping hand to communities in need around the world, irrespective of religion or race. Dubai will also continue to consolidate the nation’s position as a reliable energy provider, and support global energy security as a fundamental driver of global economic growth and development. Read: Dubai to Launch 50 Offices Globally to Promote Commerce and Attract Investments Research Konnection is one of the best business setup consultants in Dubai that can support in business consultancy services in Dubai, UAE. Our stellar client reviews indicate that we are among the top business consultants in Dubai.Feel free to reach out to us on hello@researchkonnection.com for support in market research, business planning and feasibility study. …
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UAE Approves 22 Policies to Boost Circular Economy Transition
- July 16, 2022
- Posted by: Waqas Siddiqui
- Category: Business & Economy
UAE Approves 22 Policies to Expedite Transition to Circular Economy In January 2021, UAE approved a Circular Economy Policy, an ambitious and important mission to transition from a linear model to a circular …
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Abu Dhabi’s Industrial Strategy To Boost The Manufacturing Sector
- July 11, 2022
- Posted by: Waqas Siddiqui
- Category: Business & Economy
Abu Dhabi’s Industrial Strategy to Boost the Manufacturing Sector Abu Dhabi has recently launched an Industrial Strategy and is pl…
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Dubai To Launch 50 Offices Globally To Promote Commerce And Attract Investments
- July 6, 2022
- Posted by: Waqas Siddiqui
- Category: Business & Economy
Dubai to Launch 50 Offices Globally to Promote Commerce and Attract Investments Dubai is planning to establish a network of 50 representative offices in many different countries in a bid to become a leading business center in the world. The major focus of the global network which is to be established, is to attract investors by showcasing the rapid and diversified growth of Dubai. This will also present Dubai based companies with international exposure and help them to successfully expand their operations to more than 30 markets. The commercial representative offices would offer services including market research and details on legislative processes to assist businesses in making strategic decisions. Additionally, they will offer logistical support to Dubai-based businesses looking to grow internationally. It will also provide studies on business opportunities in vital markets and establishing and maintaining reliable local and regional business relationships. Dubai GDP Growth Forecast 2022 According to the Dubai Statistics Center, Dubai’s economy grew by 6.3% year-on-year in the first nine months of 2021, while the Emirates NBD estimated Dubai’s economy grew about 5.5% for the full year 2021, an upwards revision from its forecast of 4%. Despite the slower global growth, Dubai’s economy and GDP is expected to grow by 4 to 4.5% in 2022. Dubai Freight Traffic Statistics Dubai currently handles approximately 11% of the total global freight traffic through its ports. There are plans to invest tens of billions in expanding the shipping lanes and air routes with more than 400 cities, which would make Dubai the most rapidly growing, diversified and fast-growing city in the world. The Dubai Global network will operate as part of Dubai Chambers and in partnership with several government entities in Dubai to attract global investments and add new markets to the global business lines. Thirty new markets will be opened up initially to attract investors that can help Dubai transform to the world’s best economic environment. Dubai Aims to Attract Multinational Companies In March 2022, Dubai had announced plans to attract 50 multinational companies within the next three years and also encourage them to list on the Dubai Financial Market, as part of the Dubai International Chamber’s strategy. This strategy will also focus on supporting the expansion of 100 local companies to “priority” international markets in two years. Dubai Global will also create cross-border opportunities by organizing business-to-business meetings, corporate and government meetings, and global and regional events such as international business forums. Investment Opportunities in Dubai – 2022 Dubai based investors are confident in the government’s commitment in providing an effective environment for their businesses to grow. The new initiative will also support the local businesses to expand internationally, while attracting global investments and adding new markets to the global business lines. The network will contribute to sustainable economic growth in Dubai and boost the competitiveness of its commercial sector. Research Konnection is one of the leading Market Research Firms in Dubai, UAE assisting clients in market research. At Research Konnection, we specialize in conducting Market Feasibility Studies, developing Business Plans and supporting clients with data collection (Surveys & Interviews). Feel free to reach out to us on hello@researchkonnection.com if you need support in business research in Dubai…
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EXPO 2020 In Dubai Concludes On A Positive Note
- April 8, 2022
- Posted by: Waqas Siddiqui
- Category: Business & Economy
EXPO 2020 in Dubai Concludes on a Positive Note Dubai – EXPO 2020 which lasted for six month concluded on March 31
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Dubai Reduces Government Service Fees To Support Businesses – 2021
- August 9, 2021
- Posted by: Waqas Siddiqui
- Category: Business & Economy
Dubai Reduces Government Service Fees to Support Businesses – 2021 Dubai has recently reduced or cancelled fees for 88 government services to minimize the financial pressures on businesses that are ope…
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UAE F&B Industry Market Outlook – 2021
- August 4, 2021
- Posted by: Waqas Siddiqui
- Category: Business & Economy
UAE F&B Industry Market Outlook – 2021 The UAEs Food & Beverage (F&B) industry is one of the major contributors towards the country’s economy with revenues e…
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UAE’s Food and Beverage e-Commerce Presents Investment Opportunities
- August 2, 2021
- Posted by: Waqas Siddiqui
- Categories: Business & Economy, Insights & Opinions
UAE’s Food and Beverage e-Commerce Presents Investment Opportunities A recent webinar organized by Dubai Chamber of Commerce, MNCs and on-demand delivery app InstaShop identified new business opportunities in the UAE’s food e-commerce sector that companies in emerging markets can capitalise on. The focus of the webinar was on Food & Beverage (F&B) e-commerce awareness. More than 84 participants from 33 countries, representing food manufacturers, export promotion agencies and trade offices participated in the webinar. Sessions during the event examined the latest UAE food e-commerce dynamics, trends and competitive advantages that Dubai offers as a world-class food e-commerce and innovation hub. The virtual event provided valuable insights on the UAE’s food e-commerce ecosystem and evolving business landscape. Insights on the importance of using e-commerce platforms to expand business beyond borders and tap into growing demand among consumers in the UAE and surrounding markets who are increasingly turning to digital channels to access products and services were discussed in the event. UAE – Online F&B Segment Performance Despite the COVID-19 pandemic affecting several industries in UAE, the online sales within the F&B sector surged in 2020 reaching a value of AED 1.5 billion (USD 412 million), recording a year-on-year growth rate of 255%. While the e-commerce purchase value in the country has nearly doubled in recent years, supported by the Covid-led digital shift has changed consumer behaviours. The value of online food and beverage sales in the country is expected to reach AED 2.2 billion (USD 619 million) by 2025, with an annual growth of 8.5% over the 2020-2025 period. Dubai’s digital economy is growing at a significant phase as various sectors adopt advanced technologies and cutting-edge solutions, while more e-commerce players enter the market. Addressing the rapid growth, the benefits of leveraging the e-commerce platform, as well as potential marketing partnership opportunities were discussed in the webinar session. Read: UAE Focuses on Achieving Innovation Driven Food-Security Dubai Chamber & Google Partnership Google and Dubai Chamber have partnered to launch ‘Business Online Presence’, a comprehensive digital solution designed to help businesses in the UAE manage their online presence, maximise visibility and attract new customers. The new solution was launched during the webinar event. Members of the Dubai Chamber can now access the ‘Business Online Presence’ dashboard to set and verify their business profiles across single or multiple locations on Google Search and Maps. Those online profiles feature essential business details such as opening hours, contact details, address and photos. Businesses can also post timely offers and promotional packages during special seasons. The tool can also generate a customized total score for each business’ online readiness and reputation management. Members of the Dubai Chamber can use the dashboard to standardize brand experience and engage with customers through online reviews, access timely insights like their store visits and identify operational challenges faster. A training program to learn the digital skills needed is also provided by Dubai Chamber under the name of ‘Maharat Min Google’. Investment Opportunities in UAE Online Food and Beverage Segment Online food delivery has exponentially grown over the past decade, and more so in the last two years, because of the pandemic. Majority of the residents in UAE have started to prefer ordering food online, which has led to a significant rise in the food delivery business and e-Commerce sector. Reports show that revenue in the online food delivery segment is projected to reach AED 11 billion (USD 3 billion) in 2021. The trends are expected to continue, with UAE residents actively switching to online food orders, providing opportunities for investment in the sector. Research Konnection is one of the leading F&B Industry Research Company in Dubai and assists clients in providing Food & Beverage Innovation Consultancy in UAE. Being the best F&B Consultancy Firm in Dubai, UAE, we can support in F&B Restaurant Consulting in Dubai, UAE and F&B Concept Culinary. Feel free to reach out to us on hello@researchkonnection.com for support in market research, business planning and restaurant feasibility study….
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Abu Dhabi Reduces Private Sector Business Setup Fees by 90%
- July 30, 2021
- Posted by: Waqas Siddiqui
- Category: Business & Economy
Abu Dhabi Reduces Private Sector Business Setup Fees by 90% UAE – As a part of the ongoing efforts to support the private sector, Abu Dhabi has recently announced that it would reduce business setup fees, as…