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.
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.
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.
