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Lowest Risk Cities in the World: Dubai in Top 20


Middle East : 29 March

Source: Emirates 24|7

Emirate rated higher than Washington DC, Paris, Tokyo, Frankfurt and Brussels in ranking of Lowest Risk Cities in the world to recruit, employ and redeploy talent

Dubai is among the top 20 and first in the region on a list of safest cities in the world for expatriates, according to a latest report released.

A report released by Aon Hewitt, the global human resources company of Aon Plc, ranked Dubai 19th globally and 1st in the Middle East in the list of Lowest Risk Cities in the world to recruit, employ and redeploy talent.

According to the ranking, the emirate is rated a lower risk city than Washington DC (ranked 25), Sydney (27), Brussels (27), Doha (31), Paris (36), Frankfurt (37), Tokyo (43), and Seoul (47) among others.

The emirate also saw its ranking improving from 29th in 2012 to 19th in 2013 among the lowest risk cities.

NR, a PR consultant in Dubai, said she feels safer and happier here in Dubai despite spending a big part of her life in Europe. “I have spent around five years in London and other major European cities, but the development and growth I have seen here makes Dubai a real 21st century city.”

Aon Hewitt’s 2013 People Risk Index measures the risk that organisation face with recruitment, employment and relocation in 138 cities worldwide by analysing factors such as demographics, access to education, talent development, employment practice and government regulations.

In the Middle East ranking, Dubai is followed by Doha (31), Muscat (50), Riyadh (53), Manama (57), Amman (83), Cairo (117), Tehran (125), Baghdad (133), Sana’a (137) and Damascus (138).

Globally, New York has been rated the lowest risk city for the second consecutive year for recruiting, employing and relocating employees.

New York is followed by Singapore (2), Toronto (3), Montreal (4), London (4), Los Angeles (6), Copenhagen (7), Hong Kong (7), Zurich (9), Vancouver (10), Boston (10), Chicago (10), San Diego (13), Sans Francisco (13), Stockholm (15), Amsterdam (16), Oslo (16), Dallas (16), Dubai (19), Houston (19), Melbourne (21), Miami (21), Philadelphia (21), Seattle (21), Atlanta (25) and Washington DC in the list of top 25 lowest risk cities by Aon Hewitt for 2013.

29 March

Dubai’s DIC Plans More Divestments in 2013 Amid Improving UAE Outlook

Source: Dow Jones & Co.
DUBAI (Zawya Dow Jones)–Dubai Investments (DIC.DFM), in which the emirate’s government is the single largest shareholder, plans for further divestments this year that are expected to provide significant returns amid an improving outlook for the U.A.E.
The company, with investments ranging from telecommunications to finance and real estate, said the outlook for [...]

22 March

Oil Revenue Reaches New High in GCC as Investment Plans Set to Trigger Growth in UAE and Labour Reforms Create 600,000 Jobs in Saudi Arabia

New Record Set for Oil Income in the GCC
Surging crude prices and high output levels drove GCC oil revenues to a new high last year. Rising from about $695.9bn in 2011, GCC oil income reached $737.5bn in 2012, based on data provided by the IIF out of Washington.
This figure represents the highest income level reported [...]

22 March

Dubai Chamber Working on Franchising Law in UAE

Source: Gulf News 2013
Dubai: While there is no law for franchising in the UAE, Dubai Chamber is collecting efforts with the legal firms in the emirates to put down the right legislations to protect this business in the UAE.
Business owners and legal profession describe this situation as not ideal pointing to the risk and main [...]

22 March

Fitch Affirms Saudi Arabia at ‘AA-’

Source: Arab News
Fitch Ratings has affirmed Saudi Arabia’s long-term foreign and local currency Issuer Default Ratings (IDRs) at “AA-” and revised the Outlook to Positive from Stable. In addition, Fitch has affirmed Saudi Arabia’s Country Ceiling at “AA” and its Short-Term foreign currency IDR at “F1+”. The revision of the Outlook to Positive from Stable [...]

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