Abu Dhabi Business Featured UAE Announces 1 Billion AI Development Initiative for Africa... UAE announced a USD 1bn “AI for development initiative” dedicated to expanding AI adoption and infrastructure development across Africa.
Dubai Business Featured UAE Family Businesses are a Cornerstone of the Economy... Family businesses in the UAE are a cornerstone of the economy, contributing 60% of GDP and employing 80% of the private sector workforce, according to the Ministry of Economy and Tourism.
Dubizzle Featured Dubizzle Postpones IPO Plans… Dubizzle Group Holdings, the leading digital classifieds marketplace in the MENA region, has announced it will postpone IPO plans to assess “optimal timing”. The listing was planned for November 6 on the Dubai Financial Market.
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.
UAE Economy Featured Private Capital Boom to Exceed $30tn by 2030 as Dubai Cements Global Wealth Hub Status… DIFC’s new report shows private markets will exceed $30tn by 2030 as global wealth hits $471 trillion, reinforcing Dubai’s rise as a private capital hub.
Dubai Featured Dubai Economy Grows 4% to $32.6bn in Q1 2025 as Health, Property and Finance Surge… Dubai’s economy expanded to AED119.7bn ($32.6bn) in the first quarter of 2025, up 4% compared to the same period in 2024, underscoring the emirate’s economic resilience and sectoral diversity.
UAE Tax Featured UAE Announces Tax Change on Sugar-Sweetened Beverages … UAE MoF and FTA announced a change to excise tax on sugar-sweetened beverages – from the current flat rate, it will be revised to a higher tax per litre if the sugar content per 100 ml is higher.
Crypto Featured UAE Sees $34 Billion Crypto Surge... Middle East becomes digital asset hub; experts forecast market. The UAE saw crypto inflows of $34bn last year amid rising investment demand, says blockchain specialist Mining Grid.
Oil Prices Featured UAE and Saudi Arabia Estimated to attract 9,800 Millionaires… (highest net inflow globally) and 2,400 (fastest growth globally, up from 300 in 2024) respectively this year, according to the Henley Private Wealth Migration Report 2025.
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.
Dubai Chocolate Featured Viral Dubai Chocolate Drives UAE Market Growth Despite Record Cocoa Price Surge... The popularity of the viral Dubai chocolate has led to purchase limits at high-end grocery chains abroad and queues at UAE retailers.
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.
