The UAE has announced plans to invest $1.4tr in the US economy over the next decade, with significant commitments across AI, energy, and industrial sectors. While details of the investment breakdown remain unspecified, several major deals have already been confirmed.
UAE-based payment solutions provider enza has raised $6.75m in a seed equity funding round co-led by Algebra Ventures and Quona Capital.
The Real Estate Regulatory Agency (RERA) has introduced the ‘Tayseer’ initiative to help unit owners settle overdue service fees through flexible six-month payment plans.
Dubai Electricity and Water Authority (DEWA) has announced that its general assembly has approved a total dividend payment of $0.84bnfor the second half of 2024.
Dubai Chamber of Commerce (DLD) has announced the establishment of the Hungarian Business Council, an initiative aimed at strengthening trade and investment ties between Dubai and Hungary.
Dubai has launched the pilot phase of the Real Estate Tokenization Project which aims to attract international technology firms, open new investment channels, and diversify property ownership by enabling multiple investors to co-own a single asset through tokenized real estate.
Dubai now ranks among the top five cities worldwide for fintech thanks for its rapid transformation driven by the Dubai International Financial Centre (DIFC) over the past two decades. The city was also classified as one of just eight global leaders with ‘broad and deep’ capabilities across all finance industry sectors.
A new 1.5 million sq. metre logistics zone will be established in Falcons City, north of Riyadh, with an investment of $1.06bn.
Bilateral non-oil trade between the UAE and the European Union (EU) reached $67.6bn in 2024, marking a 3.6% increase from the previous year.
EV brand Zeekr has reported over 200% growth in January 2025, setting an ambitious target of 400% annual expansion.
Sign up for our free newsletter