Economy Opinion

How Ajman is carving out its place in the Gulf

Ajman may be the smallest of the UAE’s seven emirates, but it has emerged as a significant economic hub by leveraging its strategic location, investor-friendly policies, and growing business infrastructure. As a result, the emirate is steadily positioning itself as an appealing destination for entrepreneurs and investors.

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Economy News

Dubai adds ‘art’ to urban development

A new initiative seeks to turn Dubai into an open-air art gallery, blending sustainable urban development with public art projects. The goal is to enrich the quality of life in the emirate and solidify its status as a global destination as well as a hub for creativity and culture.

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Economy News

Dubai luxury transport sector growing fast

Dubai’s luxury transport sector saw a 44% increase in 2024, with over 43.4 million trips taken, compared to 30.2 million in 2023. The luxury transport services in Dubai carried a total of 75.6 million passengers in 2024 which was up from 52.6 million the previous year. E-hail services saw a 32% rise, with trips climbing

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Economy Entrepreneur News

UAE empowering women entrepreneurs

The Abu Dhabi Businesswomen Council has partnered with Publicis Groupe Middle East to launch Ra’idah, a new initiative designed to empower women entrepreneurs.

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Economy News

UAE approves Investment Strategy 2031

The UAE Cabinet has approved the National Investment Strategy 2031, setting the goal of attracting $65.4bn in annual FDI by 2031, nearly doubling the current inflows of $30.5bn in 2023. It also aims to boost the country’s total FDI stock to $0.6tr in the next few years.

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Economy News Real Estate

Dubai real estate meets Parisian fashion

Dubai’s Alta Real Estate Development has joined forces with Parisian fashion house Maison Margiela to create the brand’s first residential project in the city.

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Economy News Real Estate

Dubai real estate residential prices up 19%

Dubai’s real estate market experienced significant growth in 2024, as residential property prices surged by 19.1% year-over-year, reaching $459 per square foot, marking a 13.3% increase over the market’s previous peak in 2014.

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Economy Entrepreneur News

UAE hosts ‘Future of Jobs’ workshop

The Ministry of Economy has hosted a ‘Future of Jobs’ workshop, bringing together representatives from 14 major economic players and organisations across the UAE to work on topics around empowering, attracting and retaining talented individuals.

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Economy News

Dubai launches first drive-thru laboratory

Dubai Municipality has introduced the region’s first ‘Drive-Thru’ laboratory service at the Dubai Central Laboratory Department.

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Economy News

UAE hackathon innovates in tax solutions

A two-day hackathon hosted by the Federal Tax Authority (FTA) showcased a variety of projects using AI, big data and cloud computing to improve the UAE’s tax services.

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