News

Dubai welcomes 9.88m visitors in Q1 2025

Dubai recorded 9.88 million international overnight visitors between January and June 2025, marking a 6% increase year-on-year. This is according to data from the Dubai Department of Economy and Tourism (DET).

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Dubai Chamber wins sustainability seal for ESG initiative

Dubai Chamber of Commerce has received the ‘Plan to Action: Year of Sustainability Seal’ in recognition of its long-term environmental goals. The award acknowledges the chamber’s Environmental, Social, and Governance (ESG) Label initiative.

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Mumtalakat invests in Abu Dhabi’s BlueFive Capital

Bahrain’s sovereign wealth fund, Mumtalakat, has acquired a stake in Abu Dhabi-based private equity firm BlueFive Capital. The investment follows BlueFive’s successful close of its Founding Shareholders Circle and adds to a group of 25 regional and international backers.

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Economy News

Dubai tops GCC markets with 7.9% July gain

Dubai led GCC equity markets in July 2025 with a 7.9% gain, pushing the Dubai Financial Market General Index’s year-to-date return to 19.4% which is the highest in the region. Meanwhile, the MSCI GCC Index (Morgan Stanley Capital International Gulf Cooperation Council Index) rose 2.2% for the month.

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First Abu Dhabi Bank opens new London branch

First Abu Dhabi Bank (FAB) has officially opened its new London branch, marking a significant milestone in its nearly 50-year presence in the UK. The move reinforces FAB’s long-term commitment to London as a key global financial hub.

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Economy News

Abu Dhabi Chamber grows to 158,000+ companies

The Abu Dhabi Chamber membership has risen by 4.9% over the past year, bringing the total to over 158,000 registered companies.

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Economy News

CBUAE releases Digital Dirham report

The Central Bank of the UAE (CBUAE) has published a detailed report outlining progress on the Digital Dirham project, part of the country’s broader push towards digital transformation and the upcoming launch of its national digital currency.

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News Real Estate

Sikanta Developments launches Myra Residences

Dubai-based real estate firm Sikanta Developments has announced the launch of its flagship project, Myra Residences, in Dubai South. The boutique development introduces 64 premium homes, offering a mix of studios, one-bedroom, and two-bedroom units. The project features interconnected swimming pools, tropical landscaping, and designed interiors.

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UAE Media Council to regulate social media promo

The UAE Media Council has introduced the advertiser permit, a new regulatory measure for individuals publishing promotional content on social media, whether paid or unpaid.

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News

Yango launches bilingual AI assistant in Oman

Global tech company Yango Group has launched Yasmina, a bilingual AI assistant designed specifically for users in Oman.

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