Economy

Egypt signs MoU with DP World to explore development of 500-acre public free zone 

This initiative aims to target key industries such as electronics, automotive, apparel, and footwear

Dubai Real Estate Sector Strategy 2033 set to ignite surge in transactions, attract global investments

The strategy seeks to elevate economic impact through enhanced transparency and strategic investment initiatives

FII8 conference explores geoeconomics and future investments

Highlighting the need for investment, development support, and strong legal frameworks to attract international investors 

Cityscape Global 2024 to welcome over 400 exhibitors with future of living in focus

The organizers have outlined plans to attract institutional investors with $1 trillion in fund value

Oil prices climb following unexpected draw in U.S. oil stocks, anticipation of key economic data

Brent oil futures for December delivery climbed 0.5 percent to $71.50 per barrel

Top global ministers, energy leaders to convene at ADIPEC 2024 in Abu Dhabi

More than 1,800 speakers from across government, energy, finance and technology sectors will come together at the event

Saudi Arabia’s sustainability push continues amid economic diversification: Report

Non-oil private sector grows by 4.9 percent in Q2, the strongest in a year

Qatar records $4.85 billion surplus of foreign merchandise trade in September 2024

Imports of goods reached approximately $2.71 billion, up 4.9 percent YoY

Sheikh Mohammed approves Dubai’s largest ever budget for 2025-2027 with $82.2 billion expected revenue

For FY 2025, estimated expenditures are set at AED86.26 billion, with anticipated revenues of AED97.66 billion

Abu Dhabi Crown Prince Sheikh Khaled visits semiconductor maker GlobalFoundries in Singapore

Mubadala invested in GlobalFoundries in 2009, anticipating the growth of chips as an enabling technology for the modern era

Modon Holding partners with LuLu to develop retail facilities in UAE, Egypt

The two entities will identify prime retail locations, implement smart innovations, enhance logistics, and improve customer experiences

Ras Al Khaimah reports 28.6 percent growth in commercial licenses in first 9 months of 2024

The first nine months of 2024 recorded the second-highest number of new licenses in the last 10 years, with a total of 1,576 licenses

Sheikh Mohammed and Vietnam PM discuss enhancing bilateral cooperation, sign CEPA

CEPA facilitates UAE service providers' access to various sectors in Vietnam, including business, finance, and tourism

UAE attracts $16 billion in greenfield FDI capital inflows in 2023

The UAE expects these investments to generate nearly 50,000 jobs from 1,332 projects

stc Group inks strategic partnership with Future Investment Initiative Institute, 8th annual conference

stc Group will be participating in the panel session titled 'Is I.T. Infrastructure One-Size-Fits-All?'

Abu Dhabi Crown Prince Sheikh Khaled holds talks with Singapore Prime Minister

Discussions focus on strengthening cooperation across key sectors of mutual interest

UAE’s foresight, regulations make it a hub for fintech, blockchain

Maintaining a leadership position in a rapidly evolving market requires immense commitment and adaptability, says Amir Tabch

Key Saudi players join FII Institute’s roster of strategic partners for FII8

This year’s FII8 activities will culminate in four days of discussion about challenges facing humanity and a full week of side events

Sheikh Mansour bin Zayed meets with Vietnam’s Prime Minister at Qasr Al Watan

Vietnam is the UAE’s largest non-oil trade partner within the ASEAN, with non-oil bilateral trade reaching $6.1 billion in H1 2024

Dubai Future Forum 2024 to explore the future of critical sectors

Forum to feature around 70 panel discussions, keynote addresses and workshops with over 150 speakers

AD Ports Group generates 22.9 percent of Abu Dhabi’s non-oil GDP: Report

Group’s 2022 activity supported around 398,400 jobs across the UAE, or 14.1 percent of total employment in the non-oil sector

Abu Dhabi Crown Prince Sheikh Khaled to begin official visit to Singapore on Tuesday

Discussions will focus on strengthening cooperation across key sectors of mutual interest

UAE-Brazil Business Council launches in Sao Paulo to boost growing trade, investment ties

Non-oil bilateral trade between the two countries reached $2.64 billion in the first half of 2024, marking an 18.2 percent annual increase