United Arab Emirates

Abu Dhabi Fund invests $125 mn in a private equity firm

Fund will be used to acquire sizeable positions in mid-market firms

Dubai set to sell 10% stake in Empower through IPO

Company became one of the world's largest district cooling service provider

Agriculture sector in UAE to contribute AED 19.3 bn to GDP by 2025

Country issued 30 "Agri-Tech" licenses since 2019

ADX posts 16.9% gains on FADX 15

Driven by new listings, increased investors, and trading uptick

UAE bank investments surge AED 19.4 bn in 12 months

Investments climbed by AED 16.6 bn in first 8 months

Lost your job? No problem. Still get paid

UAE employees are protected under the unemployment insurance scheme

UAE receives high ratings for ESG compliance

In contrast to the relatively low global average of only 5.5 out of 10

JAFZA trades $40 billion worth of electronic products in Dubai, region

More than 50 percent of Dubai’s total traded volume

UAE real estate market continues to flourish in Q3

Average residential prices in Q3 grew by 9% year-on-year in Dubai

UAE paid a sizable sum in ransomware the past 2 years

Global ransom demand averaged $2.2 mn in 2021

Dubai’s property market size increases to AED 21.9 bn in Q3

Average price of prime properties increased by 11.29%

Al Seer Marine seeks to conclude future contracts worth AED 36.7 bn

The JV will sell, build and maintain marine vessels across the globe

Mohamed Al Hussaini elected Chairman of Development Committee of WBG

Hussaini will manage committee's programs related to economic development

5G is already paving the way to the metaverse in UAE

Over 50% of UAE users will increase using AR apps

Dubai real estate transactions cross AED 2.1 bn

Sales included 373 villas and apartments

UAE: Entrepreneurial Nation concludes Phase I with AED 20 mn support for SMEs

SMEs account for more than 95% of all businesses in the country

UAE supermarket chain Lulu hires Moelis for IPO

Supermarket chain plans to list next year

DEWA’s revolutionary path toward energy sustainability

WETEX, Dubai Solar, anchor UAE’s image as green tech leader  

Showroom showcase: One man’s vision for future mobility

Boldness, innovation are key drivers of Al Masaood Automobiles legacy