Latest news with #DET
Hi Dubai
10 hours ago
- Business
- Hi Dubai
DUBAI REEF Initiative Boosts Marine Life and Biodiversity in Local Waters
DUBAI REEF, a large-scale, purpose-built reef project, is already demonstrating measurable ecological benefits in Dubai's coastal waters. Underwater footage from the project's proof-of-concept site reveals an increase in marine activity, with growing habitats and a surge in fish populations. Surveys recorded a notable rise across 15 native species, such as groupers, snappers, and barracuda. The initiative has achieved a 10% boost in marine biodiversity and an eightfold increase in fish biomass, highlighting its early success in restoring marine ecosystems. Launched in 2024, the initiative aims to deploy 20,000 reef modules across 600 km² by 2027, with 39% of the modules already fabricated and 3,660 deployed so far. DUBAI REEF is structured around three pillars: Marine Habitat Restoration, Marine Life Rehabilitation, and Marine Conservation Research. The initiative is part of the Dubai Can sustainability movement and was launched under the direction of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. It is powered by a public-private partnership that includes DET, DECCA, DP World, Dubai Chambers, Nakheel, PCFC, and Emirates. DUBAI REEF also supports several United Nations Sustainable Development Goals (SDGs), including Climate Action (SDG 13), Life Below Water (SDG 14), and Partnerships (SDG 17). News Source: Emirates News Agency
Dubai Eye
a day ago
- Business
- Dubai Eye
Watch: Marine life flourishes as 'DUBAI REEF' gains momentum
Dubai's ambitious artificial reef project is showing promising signs of success in enhancing marine ecosystems within the emirate's waters. New underwater footage from the DUBAI REEF initiative reveals a thriving marine environment around its test site, with fish populations booming and habitats forming around the reef structures. Surveys report a rise in 15 native fish species, including snappers, groupers and barracuda — with an eightfold increase in fish biomass and a potential 10 per cent boost in marine biodiversity. The project, one of the world's largest purpose-built reef developments, plans to deploy 20,000 reef modules across 600 square kilometers by 2027. So far, nearly 40 per cent of the modules have been fabricated, and over 3,600 have already been installed. View this post on Instagram A post shared by ARN News Centre (@arnnewscentre) DUBAI REEF focuses on three key pillars: habitat restoration, marine life rehabilitation, and marine conservation research — all part of a long-term strategy to protect and enhance Dubai's marine environment. Launched in 2024, the initiative is driven by a collaboration of strategic public and private partners including Dubai Department of Economy and Tourism (DET); Dubai Environment and Climate Change Authority (DECCA), DP World; Dubai Chambers; Nakheel, a member of Dubai Holding Real Estate; Ports, Customs and Free Zone Corporation (PCFC); and Emirates. Together, they are advancing Dubai's shared sustainability objectives and supporting several United Nations Sustainable Development Goals (SDGs), including SDG 13 (Climate Action), SDG 14 (Life Below Water), and SDG 17- Partnerships.
The Hindu
5 days ago
- Business
- The Hindu
Cyient Q1 net up 7% to ₹158 cr
Intelligent engineering solutions company Cyient's consolidated net profit for the quarter ended June rose 7% to ₹157.4 crore from the ₹147.6 crore a year earlier. The higher net profit came on a nearly 5% increase in total income to ₹1,781.5 crore (₹1,696.8 crore). 'At a group level, our cash position and profitability gives me immense confidence that we are well-positioned to drive growth across our balanced and diversified portfolio of DET, DLM, and semiconductors,' Executive Vice Chairman and Managing Director Krishna Bodanapu said. Cyient Group cash position stood ₹1,894 crore. The carve-out process initiated for Cyient Semiconductors is complete as per plan. Cyient Semiconductors will address high-growth opportunities in cutting-edge semiconductor technologies with capabilities in high-performance analog and mixed-signal ASIC across industries. It will play a pivotal role in shaping the future growth, he said. Cyient shares closed 2.95% lower at ₹1,242.25 each on the BSE.
Mid East Info
18-07-2025
- Business
- Mid East Info
Dubai Chamber of Commerce organises workshop on D33 Industry Friendly Power Policy with the participation of 46 private sector representatives
Session held in collaboration with the Dubai Electricity and Water Authority (DEWA) and the Dubai Department of Economy and Tourism DET Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, recently held a virtual workshop on the D33 Industry Friendly Power Policy in partnership with Dubai Electricity and Water Authority (DEWA) and the Dubai Department of Economy and Tourism (DET). The session, which was organised by the chamber's Centre for Responsible Business, brought together 46 representatives from the private sector to explore the policy's objectives, eligibility criteria, and business benefits The D33 Industry Friendly Power Policy is designed to support and accelerate sustainability ambitions and promote the transition to a green economy in the emirate, in line with the Dubai Economic Agenda (D33). The policy enables manufacturers, data centres, and agri-tech entities to install solar energy systems for internal use, generating the power required to meet their demands and reduce energy costs. The initiative is designed to contribute to increasing the share of clean energy in Dubai's energy mix. The workshop covered the technical requirements and eligibility criteria for benefiting from the policy, which aims to support the industrial sector by reducing the cost of doing business, achieving clean energy targets, and accelerating decarbonisation efforts to reach carbon neutrality in Dubai. The session comes as part of a series of workshops organised by Dubai Chamber of Commerce in cooperation with DEWA and DET to familiarise the private sector with the benefits and mechanisms of the D33 Industry Friendly Power Policy and its role in empowering companies to lead sustainability efforts in targeted sectors. The Centre for Responsible Business plays a pivotal role in advancing responsible and sustainable practices in Dubai. It is committed to encouraging companies to adopt best-in-class Environmental, Social, and Governance (ESG) standards that enhance performance and competitiveness, while also strengthening their social and environmental contributions. The centre offers a range of platforms, tools, and knowledge resources to help businesses integrate governance, sustainability, and social responsibility throughout their corporate practices.
Hi Dubai
17-07-2025
- Business
- Hi Dubai
Top Government-Backed Business Support Platforms in Dubai: A Guide for Entrepreneurs and SMEs
Dubai has long positioned itself as a leading hub for entrepreneurship in the region, and that's not just a marketing slogan—it's backed by real infrastructure, funding, and government commitment. According to the UAE Ministry of Economy, small and medium enterprises (SMEs) represent more than 94% of all companies operating in the country and contribute over 60% to the national GDP. So, what's powering this growth behind the scenes? Beyond funding and free zones, Dubai offers a variety of officially backed networking platforms designed specifically to connect entrepreneurs, founders, and SME owners with the right people, resources, and opportunities. Could a single conversation at a government-backed forum unlock your next big client, supplier, or investor? With the competitive pressure of Dubai's fast-moving business environment, staying connected isn't just helpful. It's often essential. These structured forums do more than facilitate introductions. They offer access to government support programs, exclusive workshops, procurement opportunities, and regional exposure that's difficult to replicate through informal channels. How else can a startup founder get direct access to policymakers or corporate decision-makers? In this article, we explore the top official business networking groups and forums in Dubai, highlighting who they're for, how to join, what they cost, and what kind of support entrepreneurs can realistically expect. Dubai SME (Department of Economy and Tourism) Dubai SME, a division of the Department of Economy and Tourism (DET), was established in 2002 to support UAE National entrepreneurs through every stage of their business journey. Formerly known as the Mohammed Bin Rashid Establishment for SME Development, it offers guidance, funding, and streamlined access to government services. Its integration within DET reflects a long-term commitment to SME growth, ensuring alignment with Dubai's economic goals and simplifying official procedures for business owners. Best for: New entrepreneurs launching businesses. UAE/GCC nationals aiming for long-term business growth. Existing SMEs needing scale-up support. Enterprises targeting government contracts (10% of contracts are allocated through Emirati Supplier Programme). Dubai-based businesses (including select free zones). Membership Requirements (for UAE/GCC nationals): UAE or GCC nationality with valid documents. Max 5 trade licenses per applicant (fully/partially owned). Must reside and operate in Dubai. Fees: AED 1,000 (Years 1–3), AED 2,000 (Years 4–5), or AED 1,050 flat for new/renewed license (excluding federal fees). Government Procurement Program: 100% UAE-owned and managed. Dubai-based business and residence. Must meet Ministry of Finance's SME criteria. Requires trade license, passport, signature authorization, and audited report (if 5+ years old). Funding Services: Enterprise must be 100% UAE-owned and Dubai-based. Applicant must actively manage the business (ages 21–65). 20%+ capital contribution, with consent-based appointments for key roles. Dubai Chambers (Commerce, International & Digital Economy) Dubai Chambers operates under a three-chamber model—Commerce, International, and Digital Economy—established through Law No. 1 of 2022 to boost Dubai's non-oil trade and global business appeal. The Dubai International Chamber focuses on attracting foreign investment and helping local businesses expand internationally. This shift from a single entity to a multi-chamber structure reflects Dubai's commitment to economic diversification and offers more targeted support to businesses based on their specific needs and growth goals. Best for: Mainland and free zone companies in trade, industry, or services. SMEs aiming for international expansion (e.g., via Dubai International Chamber's 'New Horizons'). Foreign investors and international companies. Businesses involved in trade needing COOs, Carnets, or attestations. Companies looking for local/global networking and industry insights. Membership Details: Open to all business types (sole, local, foreign, or free zone). Documentation varies by business structure but typically includes a trade license, a passport/Emirates ID, an MOA, and a POA (if applicable). Fees & Tiers: Handicrafts/e-traders: AED 50–300 Bronze : AED 49/month (basic access and listings) : AED 49/month (basic access and listings) Silver : AED 199/month (premium networking, advisor, reports) : AED 199/month (premium networking, advisor, reports) Gold : AED 999/month (global reach, market research, featured listings) : AED 999/month (global reach, market research, featured listings) Dubai SME members enjoy a 5-year fee exemption. Ministry of Economy – National SME Programme The National SME Programme, under the Ministry of Economy and established by Federal Law No. 2 of 2014, serves as the federal arm of SME support in the UAE. It empowers Emirati entrepreneurs through coordinated efforts with the government and private sectors, offering marketing, funding, and training support. Focused on sustainable development and national competitiveness, the program plays a key role in promoting locally made products and fostering a new generation of Emirati business leaders. Best for: UAE nationals (18+ years old). Businesses less than 3 years old or with fewer than 4 existing trade licenses. 100% UAE-owned, registered, and compliant with National SME classification. Entrepreneurs in trading, services, or industrial sectors. Companies seeking participation in exhibitions, training, or market insights. Requirements: Valid documents (passport, family book, ID, license, photo). Must be tax registered and insured. Manufacturers need an ISO certification. Cost & Validity: Membership is free. Valid for 2 years post-trade license renewal. Dubai Economic Development Department (DET) The Department of Economy and Tourism (DET), formerly DED, is the main body shaping Dubai's economic strategy. It supports the emirate's shift toward a diversified, service-based economy through agencies like Dubai SME and Dubai Exports. DET handles mainland licensing, drives export growth, and promotes foreign investment. Its rebranding reflects the integration of tourism into Dubai's economic priorities, creating a unified support system for both traditional businesses and the hospitality sector. Entrepreneurs should note that DET governs mainland licensing, while free zones have separate authorities. Best for: Entrepreneurs setting up mainland businesses. Companies needing license renewals, trademarks, and permits. Exporters seeking new markets (via Dubai Exports). SMEs looking for FDI opportunities or government procurement. Business Setup Process: Choose legal form and jurisdiction. Register trade name, submit documents, apply for the appropriate license. Provide lease/NOC, passport copies, and any required plans or forms. Export Support: Register via eServices portal. Update profile, request services. Programs like trade missions require separate eligibility. Free Zone Interaction: DET does not regulate free zones, but free zone entities must follow DET procedures to operate branches on the mainland. Required documents include trade name certificate, agent agreements, and Ministry of Economy registration (AED 15,000 fee). Emerging Official Platforms for Business Growth Dubai SME Learning Hub The Dubai SME Learning Hub is a digital platform launched under the D33 agenda to support entrepreneurs with AI-powered, expert-led courses. It offers tailored learning for every stage of business growth, helping turn ideas into successful ventures. By focusing on Dubai-specific needs, the Hub supports a future-ready SME ecosystem and aligns with the city's long-term economic goals. Best for: Entrepreneurs in or entering the Dubai market. Busy individuals seeking flexible, localized business knowledge. Founders needing guidance in finance, innovation, and marketing. Anyone looking for certifications after completing courses. Key Details: No registration required (though UAE Pass/email enhances access). Available in English and Arabic. Free and mobile-compatible. Area 2071 (Dubai Future Foundation) Area 2071, launched in 2017 by the Dubai Future Foundation, is a purpose-built innovation hub designed to help Dubai become the world's leading city of the future by 2071. More than just a co-working space, it connects startups, researchers, and government entities in a shared environment focused on breakthrough ideas. With licensing, visa facilitation, and access to labs, accelerators, and flexible workspaces, it streamlines startup growth. The platform prioritizes ventures with proven traction, offering them resources to scale and contribute to Dubai's long-term innovation agenda. Best for: Entrepreneurs, researchers, and startups working on transformative ideas. Growth-stage startups with traction, GCC relevance, and international ambitions. Public-private innovation partnerships. Facilities & Support: 3-year business licenses and Golden Visa pathway. Community access to labs, investors, and collaborative networks. Launchpad program for startups with: USD 500,000+ annual revenue. Institutional capital raised. Willingness to move the global HQ to the UAE. Dubai's government has built a well-rounded support system for entrepreneurs and SMEs, offering targeted resources for every stage of business, whether you're launching locally through Dubai SME, expanding globally via Dubai Chambers, or innovating within future-ready spaces like Area 2071. Each platform is purposefully designed to meet specific business needs, from funding and training to global networking and digital transformation. By aligning with these official forums, entrepreneurs can navigate Dubai's business landscape with greater clarity, access, and confidence, making it easier to grow, connect, and thrive in one of the world's most business-forward cities. Also read: Protect Your Ideas: Trademark Registration in Dubai Learn how to register a trademark in Dubai with this step-by-step 2025 guide. Understand eligibility, costs, legal benefits, and common mistakes to protect your brand effectively in the UAE. Why Summer is the Best Time to Digitally Transform Your Business in Dubai Summer in Dubai offers the ideal time to upgrade systems, train teams, and prepare your business for a stronger, more efficient Q4. Everything You Need to Know About Local SEO in Dubai Explore why local SEO matters, how to implement it effectively, and how to track your success. By the end, you'll have a clear roadmap to boost your visibility and attract the right customers in Dubai's competitive digital landscape. DIFC Enacts Legislative Amendments to Strengthen Data Protection and Clarify Financial Laws DIFC enacts new amendments to key laws, including enhanced data protection rights and clarifications to insolvency, security, and employment laws, aligning with international best practices.
