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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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United Arab Emirates
Economy
57% of Arab youth prefer to live in UAE
Visa reforms and low taxes are among factors attracting young Arabs
Banking & Finance
Emaar shareholders approve acquisition of Dubai Creek Harbour, sale of Namshi
Abolition of minimum contribution of UAE, GCC nationals also passed
Economy
Bin Touq: UAE’s non-oil sectors’ contribution to GDP a qualitative achievement
Contribution of tourism, retail, largest among other sectors
Hospitality & Tourism
UAE: Tourists spend reaches $27.4 bn in 2021
The highest among the GCC markets
Hospitality & Tourism
Michael Koth, in charge of the most iconic hotel in Abu Dhabi
The iconic Emirates Palace is now part of the Mandarin Oriental Group
Banking & Finance
UAE working on initiatives to enable instant payments
CBUAE also looking at improving consumer protection framework in the country
Technology
Binance gains MVP License from Dubai’s VARA
Move enables traders to open financial accounts in UAE-based banks
Technology
Anker Innovations launches its first flagship store in the UAE
The new store exhibits the brand’s latest innovations in smart homes
Markets
Salik’s IPO: Individual subscription period set to close today
The qualified investor subscription period will expire tomorrow
Real Estate
Most expensive townhouse sold in Dubai for AED 35.5 mn
Deal joins a series of other successful transactions
Energy
Dubai reduces carbon emissions by 21% in 2021
Council also discussed enhancing current gas cylinders to advanced ones
Hospitality & Tourism
UAE passport remains world’s most powerful with access to 175 countries
Including 119 without a prior visa
Health
UAE’s IHC acquires 15% stake in healthcare provider Burjeel
IHC didn't disclose a value for the acquisition
Real Estate
Dubai’s real estate transactions hit AED 3 bn amid market boom
Total sales amounted to AED 2.78 bn
Hospitality & Tourism
Dubai attracts 8.1 million international visitors in 7 months
An increase of more than 184.2% compared to 2021
Economy
Dubai ranks first in MENA, 23 globally in terms of millionaires
There are 67,900 millionaires in Dubai
Hospitality & Tourism
United Airlines, Dubai’s Emirates announce codeshare agreement
A direct flight to be launched between Newark, Dubai in March
Cars & Boats
Prevailing winds take SailGP to Dubai
Sail Grand Prix is taking place in Mina Rashid on November 12-13
Economy
UAE’s Ministry of Economy launches initiative to attract SMEs to the country
Initiative will enable startups to compete in local, global markets
Markets
UAE’s Finance Minister celebrates listing of 5-year tranche T-Bonds
By ringing Nasdaq Dubai's bell
Health
UAE secures AED 2.8 bn deals at Arab Health 2022
The UAE reaffirms its position as a global healthcare hub
Economy
UAE’s Majid Al Futtaim hires over 700 Emirati recruits in one year
Emirati workforce doubled to 6% of total MAF's employees in the UAE
Banking & Finance
A new digital bank launches officially in the UAE
Bank said it would focus initially on SMEs
Logistics
AD Ports acquires majority stake in two Egypt-based transcargo companies
Total purchase valued at AED 514 mn
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