Dubai spending plans unaffected by oil prices


The sustained drop in oil prices will not alter Dubai’s spending or investment plans. Oil makes up 2% or less of Dubai’s economy, said Mohammad Ebrahim Al Shaibani, Chief Executive of Investment Corporation of Dubai (ICD), although energy is still a key determinant of business confidence in the wider Gulf.


“There won’t be a lot of shift in terms of strategy,” Al Shaibani told a media round-table. “The growth in the country and in the income is (through) services and is more or less enough to support the planned budget.”

Dubai Opera House
Dates for your diary
International Autumn Trade Fair

30th International Autumn Trade Fair

16th-18th December 2015

Modern Woman Show

Inaugural Modern Woman Show

17th-19th December 2015

Intersec 2016

Intersec 2016 (security & safety exhibition)

17th-19th January 2016

Professionals in high demand in UAE

Although growth rate in jobs advertised online in the region are down, the MEI index reveals that the HR & Administration and healthcare sectors continue to outperform the market in terms of new employment opportunities.


Jobs in the healthcare sector in the UAE have grown 34% year-on-year in October 2015. The UAE is building more than 20 hospitals to care for the 500,000 medical tourists that are expected by 2020.

DTCM visit to Dubai

DTCM, in partnership with UKTI Northeast, hosted a commerce mission to Dubai for 7 educational institutions from the Northeast.


Meetings were arranged with the British Embassy UKTI Education team, The Knowledge and Human Development Authority, Dubai Foreign Direct Investment, Dubai Design District and other educational organisations in Dubai.


The delegates were impressed with the opportunities available and expressed a keen interest in strengthening relationships in Dubai.

Commerce Mission to Dubai
Second most popular destination with Brits

Dubai continues to climb the ranks of the top destinations for international travellers, according to the MasterCard Global Destination Cities Index.


Dubai has consistently advanced its position since the launch of the index in 2012, when it ranked eighth (it is now fourth). The city is also now the second most popular destination for Brits, for both long and short breaks.

Dubai Means Business Episode 3: SMEs
Dubai invests in growth of SMEs

For entrepreneurs, Dubai means fast growth, innovation and a ‘can do’ attitude. If you want to know how your SME can take off in Dubai, watch Dubai Means Business Episode 3 now.

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