Modon Holding to acquire Arena Events Group
Abu Dhabi-based Modon Holding has announced a definitive agreement to acquire Arena Events Group through a deal with International Holding Company (IHC) and TasHeel Holding.
Economy
News
Entrepreneur
News
Dubai Internet City showcases at AI event
Dubai Internet City will take centre stage at the AI Everything Global event which runs from 4 – 6 February in Abu Dhabi and Dubai. At the event, Dubai Internet City will highlight how the region’s digital successes can be leveraged to shape AI development that is both socially equitable and economically viable.
Opinion
The UAE tax and accounting playbook: Your guide to 2025 compliance
2025, the first full reporting year under the new corporate tax regime, marks a pivotal moment for the UAE’s financial landscape. Furthermore, the upcoming introduction of measures like the Domestic Minimum Top-up Tax (DMTT) is reshaping how businesses approach accounting and taxation.
Economy
News
UAE-Kuwait strengthen economic, cultural ties
With the start of UAE-Kuwait Week, the two GCC nations are aiming to enhance economic and cultural cooperation. The two-day event in Dubai gathers ministers, senior officials, and key business leaders from both countries to explore avenues for further collaboration.
Entrepreneur
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Real Estate
Startup
New opportunities for startups in real estate
A new partnership aims to support startups and SMEs by ensuring they have access to resources and opportunities to drive growth in the property technology (proptech) sector.
Opinion
Real Estate
Real estate markets that never let you down and why – the investment-proof residential real estate checklist
Despite increasing economic uncertainties and geopolitical tensions, the enduring appeal of real estate investment remains unshakeable.
Economy
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Real Estate
Dubai real estate set for strong growth in 2025
Dubai’s real estate sector is set to continue its upward momentum in 2025, fuelled by investor confidence, an expanding luxury segment, and rising demand for commercial properties.
Economy
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Gulf connectivity boost with new submarine cable
Ooredoo Group has signed a landmark agreement with Alcatel Submarine Networks to construct a high-capacity submarine cable system that will connect seven Gulf nations – Qatar, Oman, the UAE, Bahrain, Saudi Arabia, Kuwait, and Iraq.
News
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.
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.