To be successful, your vision has to be greater than your excuses — Robin Sharma At the recently concluded World Economic Forum summit in Davos, a notable official representing a GCC country emphasized the collaborative nature of efforts to diversify the economies within the bloc. This sentiment has lingered with me since the summit, compelling […]
• UAE demonstrates robust performance with 4.1% FMCG value growth and 2.8% T&D growth, while KSA shows measured FMCG growth at 1.8% with T&D experiencing a slight decline of 1.1% • Traditional Trade significantly outperforms Modern Trade across both markets, with UAE Traditional Trade surging at 6.4% and KSA achieving 2.4% growth, signaling a shift in consumer […]
Real estate continues to break all records for sales, prices, mortgages and launches. Prices up nearly 20% on previous all-time high set in September 2014. Dubai: Dubai real estate transactions are set to grow 30% year-on-year by the end of 2024 as the sector continues to break all records for sales, prices, mortgages and launches, […]
Abu Dhabi: The Statistics Centre – Abu Dhabi (SCAD) has released preliminary estimates revealing a 4.1 per cent growth in the emirate’s gross domestic product (GDP) during the second quarter of 2024, compared to the same period last year. The growth is largely fueled by the continued expansion of non-oil sectors, underscoring the success of […]
IMF Recognizes Saudi Arabia’s Surpassing of Vision 2030 Tourism Target, Boosting Economic Growth. Riyadh, Saudi Arabia: The International Monetary Fund (IMF) has highlighted Saudi Arabia’s tourism sector as a major contributor to its economic diversification in its 2024 Article IV Consultation report. The report acknowledges Saudi Arabia’s success in surpassing the Vision 2030 target of […]
Tech advancements, thriving gaming communities, substantial government investments and a planned World Cup is transforming the Kingdom’s Esports and gaming sector, promising 39,000 jobs by 2030. Riyadh, Kingdom of Saudi Arabia: By 2030, Esports and gaming in Saudi Arabia could contribute US$13.3 billion (SAR 50 billion) to the Kingdom’s GDP and generate nearly 39,000 jobs […]
Burjeel Holdings delivered revenue growth of 10.4% to AED 2.4 billion in H1’24 Abu Dhabi: Burjeel Holdings PLC (“Burjeel” or “the Group”), a leading super-specialty healthcare services provider in MENA listed on the Abu Dhabi Securities Exchange (SYMBOL: BURJEEL; ISIN: AEE01119B224), announced its financial results in accordance with International Financial Reporting Standards (IFRS) for the […]
ABU DHABI: Oxford Economics, an independent economic advisory firm, has predicted that the UAE economy will grow by 4.4% in 2024. This growth is being driven by a number of factors, including government initiatives to support economic diversification. In his statement to the Emirates News Agency (WAM), Scott Livermore, Chief Economist, Oxford Economics Middle East, […]
Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and ruler of Dubai, has announced that the UAE attracted US$23 billion in Foreign Direct Investment (FDI) in 2022, a 10 percent increase on 2021 and the highest figure ever recorded by the country in a […]
Dubai: Dubai welcomed 4.67 million international overnight visitors in the first quarter of 2023, compared to 3.97 million tourists during the same period in 2022. This marks a 17 % YoY growth and the city’s best Q1 performance since the pandemic, placing it firmly on track to becoming the most visited international destination, according to […]
Dubai: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region officially announced the launch of its venture-building programme, ‘DIFC Launchpad’. The initiative seeks to develop a strong venture building model that promotes the growth of innovative start-ups and scale-ups in the region. His Highness […]
