Driving digital transformation in UAE car rentals
The global car rental network Finalrentals has partnered with UAE-based Autorent to revolutionise car rentals in both the UAE and wider region.
News
Economy
News
CBUAE keeps base rate steady at 4.40%
The Central Bank of the UAE (CBUAE) has announced that the base rate for the overnight deposit facility (ODF) will remain at 4.40%. This decision aligns with the US Federal Reserve’s move to keep the interest rate on reserve balances (IORB) unchanged.
Economy
Opinion
Fujairah 2025: a bright future ahead
With a promising future ahead of it, the emirate of Fujairah has seen excellent growth, expanding its economy by about one third since 2021, and currently showing year-on-year growth of around 8%.
Economy
Opinion
Open finance, big opportunities: The UAE’s blueprint for digital banking
Innovation has always been a key part of the UAE’s development strategy, and its financial sector is no exception. With a vision to position itself as a global fintech hub, the nation has invested heavily in creating an ecosystem where digital banking can thrive.
Entrepreneur
News
New payment solutions for MENA-based SMEs
Financial services provider Paymob has announced a partnership with the open source eCommerce platform Woo. The collaboration marks Woo’s first preferred partnership in the region, integrating Paymob’s payment technology directly into the WooCommerce Marketplace.
Economy
Real Estate
DAMAC unveils its first 2025 development
The UAE’s largest private real estate developer DAMAC Properties has launched Riverside Views, its first project of 2025. The new development is part of the recently introduced DAMAC Riverside community, offering one- and two- bedroom apartments available on a 70/30 payment plan, making luxury waterfront living more accessible to buyers.
Economy
Opinion
How DIFC is redefining family wealth management
As global wealth grows, so does the complexity of managing it. HNWIs and ultra-high-net-worth families increasingly seek bespoke solutions to preserve and grow their wealth while ensuring smooth intergenerational transfer. Enter the family office – a vehicle synonymous with tailored wealth management and holistic legacy planning.
Economy
News
Real Estate
UAE infrastructure set for growth in 2025
Mordor Intelligence has forecast a compound annual growth rate (CAGR) of 5% for the UAE’s infrastructure sector between 2025 and 2030. This growth is expected to be fuelled by both government and private sector investments in high-quality projects. Key areas of focus include transportation, renewable energy, and real estate, all of which are poised for
Economy
News
UAE high-speed train to boost GDP by $39.5bn
The UAE’s high-speed train project connecting Abu Dhabi and Dubai is set to deliver significant economic impact, contributing an estimated $39.5bn to the nation’s GDP over the next 50 years. The project is expected to act as a catalyst for enhanced economic activity and social connectivity.
News
Real Estate
Meraas awards $272m contract for Bluewaters Bay
Meraas has signed a construction contract exceeding $272m with China State Construction Engineering Corporation (Middle East) for the development of Bluewaters Bay.