UAE leads GCC on economic diversification
The UAE is the most diversified economy in the GCC, according to the 2025 Global Economic Diversification Index (EDI).
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Economy
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UAE boosts circular economy
The UAE Independent Climate Change Accelerators (UICCA) has signed an agreement with the UAE Ministry of Economy (MOEC) to promote the country’s circular economy – a more sustainable system of production and consumption.
Economy
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Bybit receives IPA to operate in UAE
Bybit has secured in-principle approval (IPA) from the UAE’s Securities & Commodities Authority (SCA) to operate as a virtual asset platform operator in the country.
Economy
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New UAE crypto payment system
Hubpay has partnered with Aquanow to introduce the UAE’s first fully regulated crypto payments solution. This service allows businesses across a number of sectors to accept cryptocurrency payments securely alongside traditional transactions.
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Visit Qatar and Microsoft sign MoU
Visit Qatar and Microsoft have signed a Memorandum of Understanding to advance digital innovation in the tourism sector.
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Real Estate
Richmind enters UAE real estate
Real estate developer Richmind has announced its entry into the UAE market, with its debut project to be unveiled soon at Al Marjan Island in Ras Al Khaimah. A collaboration with Zaha Hadid Architects, the project will offer a mix of luxury apartments, villas, duplexes, and penthouses, all designed to redefine waterfront living.
Economy
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Flow48 secures $69m in Series A funding
UAE-based Flow48 has successfully closed a $69m Series A funding round. This is a key step in the fintech’s mission to redefine access to capital for underserved SMEs across the MENA region.
Economy
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e& reports record performance for 2024
e& (formerly Etisalat) has posted financial results for 2024, reporting a consolidated net profit of $2.9bn, marking a 4.3% increase year-over-year.
Economy
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Dubai leader in infrastructure safety
Encardio Rite is set to host Safe Dubai 2025 on February 27th at The Grand Hyatt Dubai to address the city’s ongoing urban development efforts and reinforcing its position as a global leader in infrastructure resilience and safety.
Economy
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Real Estate
Deyaar launches Aya Residences
Leading UAE real estate developer Deyaar Development has launched its first-ever residential project in Umm Al Quwain.