UAE Business Featured Dubai Tops Global FDI Rankings with $11bn Inflows… Dubai has underlined its global leadership in foreign direct investment (FDI), ranking number one worldwide for Greenfield projects for the eighth consecutive reporting period since H2 2021, according to data from the Financial Times Ltd’s FDI Markets database.
Geopolitics Featured Rising Geopolitical Risks add to the Trade Tariff Turmoil... Increased geopolitical risks led regional Middle Eastern equity markets down.
Abu Dhabi Featured OpenAI in talks for free ChatGPT Plus for all UAE Residents! Negotiations are underway between the UAE and OpenAI that may make the company’s ChatGPT Plus artificial intelligence chatbot available to all residents free of charge, though a final deal has not been reached.
Disneyland Featured New Disney Theme Park announced in Abu Dhabi... Announcement of the Disney Theme Park Resort project on Yas Island, Abu Dhabi, following a strategic partnership agreement between The Walt Disney Company and Miral.
USA Featured How Trump’s ‘Reciprocal’ Tariffs work and what they mean for Global Trade... Trump argues that decades of “unfair” trade practices have hollowed out America.
Abu Dhabi Featured Talabat Acquires InstaShop... Talabat has completed the acquisition of 100% of InstaShop's share capital from Delivery Hero SE.
Abu Dhabi Featured UAE Foreign Trade Hit Record $817bn in 2024... The UAE’s foreign trade has reached a historic milestone, touching AED3tn ($817bn) for the first time by the end of 2024.
Abu Dhabi Featured OPEC+ Extended the Ongoing Oil Production Cuts into 2026… The current voluntary cuts of 2.2mn bpd will continue till March 2025.
Abu Dhabi Featured Gold Prices Surge to All-Time High… Gold prices surging to an all-time high of $2,708 last week, as expectations of further rate cuts by the US Federal Reserve and uncertainties over the impending US election, boosted demand for bullion.
Abu Dhabi Featured Dubai Rises as Epicentre of PropTech Innovation… PropTech startups in the MENA region secured $200 million in funding in the first half of 2024.
business Featured Major Global Tech Outage Leads to Disruptions Across Multiple Sectors from Airlines to Banks… Major equities markets ended in the red last week, following a global tech outage that led to disruptions across multiple sectors from airlines to banks, raising questions about cybersecurity and interconnected / integrated ecosystems.
Dubai Residentcy Featured UAE Announced a New 10-year Blue Residency… UAE announced a new 10-year visa for individuals who have made “exceptional contributions and efforts in the field of protecting the environment”.
Dubai Featured UAE Golden Visa: Wealthy ‘Retirees’ Flock to Dubai after $272,000 Rule Change… Dubai’s exceptional services and amenities, including addition of a range of world-class healthcare facilities, are also acting as catalysts for potential relocation for cash-rich retirees.
Dubai Featured UAE Announces Ramadan 2024 Working Hours for Public and Private Sector… UAE News: The UAE has announced reduced working hours for the public and private sectors during Ramadan 2024. The Ministry of Human Resources and Emiratisation (MoHRE) announced a reduction of two working hours per day for private sector employees during the Holy Month of Ramadan. UAE is forecast to grow
Dubai Featured UAE Golden Visa Eligibility Requirements Eased for Dubai Real Estate Investors UAE’s economy is forecast to grow by 5.7% YoY in 2024, according to the Undersecretary of the Ministry of Finance.
Dubai Featured UAE ‘Silver Visa’: 5-year Trade Licence and Visa Package… Dubbed a “silver visa” the start-up offer is available at a fraction of the price of golden visas, which can require significant financial investments.
