In Saudi, Over 1 million new homes due by 2030. 7.4 million sqm of new retail and 7.7 million sqm of new offices expected, 362,000 new hotel rooms planned and under construction. Riyadh : Since the unveiling of Vision 2030 in 2016, projects containing 1,048,000 residential units have been announced, 4% of which have already been […]
UAE shoppers spent USD 3.8 billion on FMCG and Tech & Durables goods in Q2 2024. Events such as the Dubai Shopping Festival, Pre-Ramadan, and Ramadan Sale impacted consumers spending. Dubai: UAE consumers demonstrated robust spending habits during the second quarter of 2024, collectively investing a substantial USD 3.8 Billion in Fast-Moving Consumer Goods (FMCG), Technology, and Durable Goods and […]
COLOMBO: Economy of Sri Lanka grew faster than expected in the second quarter, bolstering sentiment ahead of a crucial election that could affect policy as the country recovers from its worst crisis in decades, agencies reported. Gross domestic product rose 4.7 percent in the three months to June from a year ago, the Statistics Department […]
Blackstone Inc. is exploring options for its majority stake incVFS Global, a visa outsourcing and technology services firm. They have received interest from potential investors and are discussing whether to sell all or part of their stake, according to sources familiar with the situation. The discussions are still in the early stages, and a deal […]
ABU DHABI: The Abu Dhabi Businesswomen Council, part of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), has teamed up with ETHER by Cloud Spaces to launch six new brands owned by Emirati female entrepreneurs. This partnership, which started a year ago, aims to support and empower women in the retail sector locally and […]
DUBAI: In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued law No. (20) of 2024 pertaining to the creation of Mada Media Company, a private joint-stock company (PJSC), to manage and operate advertising sites in Dubai. According to the […]
HONG KONG: The UAE has become an attractive and safe destination for global investment due to its ease of doing business, cultural diversity, safety, and stability. Investors and entrepreneurs are encouraged to live and work in the country, benefiting from its business-friendly environment. During a session on Middle East and North Africa markets, held on […]
BAYZ102 by Danube will include a helipad for sky taxis and provide stunning views of the Burj Khalifa, along with over 40+ world-class amenities. Oasiz by Danube will feature around 900 fully furnished units and more than 30 amenities, centrally located in Dubai Silicon Oasis. With a 1% payment plan, units start at just AED […]
DUBAI: Abdallah Abu Al Sheikh, Founder of Astra Tech, and CEO of Botim, said that AI is projected to have a transformative impact on the UAE’s economy, contributing up to 14% of its GDP by 2030, which is equivalent to approximately $100 billion (AED367 billion). Also read: Australia proposes a legal minimum age for children […]
ABU DHABI: In the first half of this year, non-oil trade between the UAE and India surged by 10%. This increase was highlighted during the UAE-India Business Forum held in Mumbai. The forum, organised in collaboration with the Indian Ministry of Commerce and Industry, focused on exploring new cooperation opportunities and enhancing economic ties. Significant […]
MUMBAI: H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, attended the India-UAE Business Forum in Mumbai. The event, organised by the UAE Ministry of Economy and UAE Embassy in India, focused on sectors like healthcare, renewable energy, AI, and agricultural technology. Abu Dhabi Crown Prince visits Gandhi’s shrine, plants […]
