From the rise of cryptocurrency, the return of the property boom in the UAE and of course that red list status for the Emirates in the UK, 2021 was packed full of news and business developments.
Here are the top ten stories of the year on arabianbusiness.com
Number 1:
Dubai businessman pledges largest Bitcoin investment in […]
The UK government announced that, from November 22, it will recognise Covid-19 vaccines on the World Health Organisation’s Emergency Use Listing, adding Sinopharm, China’s Sinovac, and India’s Covaxin to the country’s approved list
During the first half of this year, flight bookings between the UK and the UAE were just 8% of pre-pandemic levels, according to aviation analytics firm ForwardKeys
SMEs are not going to be able to take advantage of this rule and it is this part of the economy, who don’t have the requisite scale of business or size of investment in the UK, where there is the greatest need to get back to international business
UAE’s presence on UK’s red list hits businesses in the UAE that rely on the flights for freight shipments, where costs are offset by passengers’ ticket prices, have borne the brunt of the restrictions
Although all commentators suggest that the red list status will change over the summer months, the continued uncertainty, which makes companies’ forward planning impossible, is having a tangible impact on bilateral business, and means that UK firms continue to miss out on the UAE opportunities that are accessible to others
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