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Abu Dhabi, UAEFriday 21 September 2018

Dubai Economy launches LinkedIn-style networking app

'Engage DXB' one of four initiatives launched at Business Community Engagement forum

Eleven retailers in Dubai have been fined for hiking prices illegally before the roll-out of value added tax (VAT) on January 1. Marwan Naamani / AFP.
Eleven retailers in Dubai have been fined for hiking prices illegally before the roll-out of value added tax (VAT) on January 1. Marwan Naamani / AFP.

Dubai Economy, the government body tasked with driving the emirate’s economic agenda, will launch a LinkedIn-style app in January to increase its coordination with the private sector and offer enhanced networking opportunities for business groups in Dubai.

The app, Engage DXB, is one of four initiatives launched yesterday by Sami Al Qamzi, director general of Dubai Economy, at the second Business Community Engagement forum in Dubai yesterday.

The authority also announced the launch of Dubai Quality Appreciation Award, legal status for business group and councils and a Future Industry and Foresight initiative to serve as a resource for business groups.

“We are working tirelessly to raise the concept of a business-supporting government to a new level of understanding, partnership and mutual respect, and we will continue to co-operate with business groups and regulatory bodies to address the various issues and challenges, and help businesses to be future-ready,” Mr Al Qamzi said.

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Dubai’s economic growth is forecast to accelerate in 2019 and reach 3.7 per cent as its focuses on infrastructure development and its diversification policies bear fruit, Dubai’s Crown Prince Sheikh Hamdan bin Mohammed said last week.

The emirate’s real GDP, which grew 2.85 per cent last year, is projected to grow 3.2 per cent this year and 3.5 per cent in 2018 respectively, Dubai Economy said last week.

The government body’s forecasts are broadly in line with those of the IMF, which estimates GDP growth of 3.3 per cent in 2017 and 3.5 per cent 2018.

“We have come a long way in achieving comprehensive and sustainable development based on innovation and high productivity, by building a diverse base of high value added economic activities, which has also enabled the national economy to grow and adjust to internal and external shocks,” said to Mr Al Qamzi.

The Engage DXB app will also be used to gather feedback on surveys administered by Dubai Economy, and will be capable of performing fast analytics.

The legal status for business group and council initiative will enable business groups, councils and associations registered under Dubai Chamber of Commerce to obtain a trade license from Dubai’s Department of Economic Development, enabling them to operate business bank accounts.

The Future Industry and Foresight initiative has been launched in partnership with consultants Frost & Sullivan Global, to serve as a resource for businesses and industry on the trends, technologies and developments happening globally and locally.

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