The global electric vehicle (EV) market is on track to see a significant surge in sales, with an expected growth rate of nearly 30% by 2025, according to recent projections from Standard & Poor's (S&P). This increase, driven by a confl…
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Construction on the $95.3 million Creek Views III project in Dubai's Al Jaddaf district has reached a 15% milestone, as confirmed by Azizi Developments. The luxury residential project, part of the developer’s extensive urban expansion plans, i…
Ohana Development, a prominent real estate developer in the Middle East, has partnered with luxury timepiece and jewelry brand Jacob & Co. to launch a $1.3 billion beachfront residential project in Abu Dhabi. The development, named 'Jacob …
A new report has revealed that the educational landscape in the UAE will witness a significant shift in 2025, with an increasing number of students set to prioritize Artificial Intelligence (AI) as their field of study. This growing trend is expec…
The International Labour Organisation (ILO) recently completed a comprehensive review of the United Arab Emirates’ (UAE) labour market reforms, assessing their impact on economic competitiveness, worker welfare, and the overall functioning of the …
Dubai Courts has officially launched its "Smart Room" project, marking a significant step in its ongoing efforts to modernize the judicial system and enhance user accessibility. The initiative, which was inaugurated by His Excellency Pro…
Dubai has officially launched the Middle East’s first commercial drone delivery system, marking a significant milestone in the city's ambitious drive to integrate cutting-edge technology into daily life. This initiative is part of Dubai’s broa…
The Ministry of Human Resources and Emiratisation (MoHRE) has introduced a new basic health insurance package aimed at private sector employees and domestic workers throughout the UAE. This initiative, announced as part of the country's ongoing …
Abu Dhabi National Oil Company (ADNOC) has entered into a significant agreement with EnBW, marking its second collaboration with a German company for the Ruwais Liquefied Natural Gas (LNG) project. This move follows a prior deal with SEFE, a state…
The United Arab Emirates (UAE) is actively strengthening international financial collaborations to promote sustainable development worldwide. Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, emphasized the nation's commitment to …
The UAE government has announced a new initiative allowing tourists to claim a VAT refund on goods purchased online, aiming to enhance the nation's appeal as a shopping destination. This move marks a significant expansion of the country's ex…
Space42, a key player in the global space industry, has secured a landmark $5.1 billion contract from the UAE government for satellite services. The agreement marks a significant step in the UAE’s strategy to enhance its space capabilities and sol…
Emaar Properties, one of the largest real estate developers in the UAE, has announced a decision to distribute the entirety of its share capital as dividends for the fiscal year 2024. This move is a significant departure from the company's typ…
Khalifa Port, one of the UAE's most significant infrastructure projects, has undergone a transformative expansion, marked by the inauguration of CMA Terminals by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. This event …
State Street Global Advisors (SSGA) has launched a new UCITS-compliant exchange-traded fund (ETF) designed to offer international investors access to Saudi Arabian government bonds. The fund, officially named the SPDR Bloomberg Barclays Saudi Arab…
Carrefour, a leading international retailer, has unveiled a significant shift in its service offerings in Dubai with the launch of its 24/7 delivery service. This move, aimed at enhancing customer experience and meeting the demands of the fast-pac…
SNB Capital, a prominent Saudi financial institution, has announced plans to launch a public offering for its new petrochemical-focused investment fund. The move is part of the company's strategy to diversify investment opportunities and provi…
Corporate dealmaking is expected to surge in 2025, surpassing the 10-year average, according to David Solomon, CEO of Goldman Sachs. This outlook aligns with broader trends identified by leaders in the financial sector, including Morgan Stanley…
The UAE and Saudi Arabia are poised for robust credit growth in 2025, supported by strategic government policies, economic diversification efforts, and a resilient banking sector. Fitch analysts forecast a continued upward trajectory in loan deman…
The Abu Dhabi Securities Exchange (ADX) has announced a new partnership with global trading platform eToro, aimed at broadening investment access and strengthening the UAE’s financial market offerings. This collaboration seeks to tap into the grow…
The United Arab Emirates is set to take a leading role in driving economic growth across the Gulf Cooperation Council (GCC) in the upcoming year, buoyed by strong investment inflows and a diversified approach to its economy. Analysts at BMI, a Fit…