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
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.
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.
Economy
Entrepreneur
News
WEF selects Riyadh, Muscat as tech centres
The World Economic Forum has formalised plans to establish three new Centres for the Fourth Industrial Revolution in 2025. In a major development for the GCC region, two of the cities will be Riyadh and Muscat with the third in Pretoria, South Africa. Each of them will develop innovative, locally relevant strategies to address pressing
Economy
Opinion
Startup
How did the UAE and wider GCC become the land of opportunity?
With many countries in the West struggling economically, the GCC has seized the moment to position itself as a land of opportunity. From visionary government policies, innovation-friendly initiatives, and a relaxation of immigration laws, the GCC has rapidly transformed into a major destination for businesses and entrepreneurs.
Economy
Entrepreneur
News
KSA sets record for venture capital deals in 2024
Saudi Arabia has achieved a record-breaking 178 venture capital deals in 2024, solidifying its position as the leading hub for VC funding in the MENA region. The Kingdom accounted for 31% of all deals in the region, according to the newly-released 2024 Saudi Arabia Venture Capital Report.
Economy
News
New high-speed rail links Abu Dhabi and Dubai
Etihad Rail has announced a groundbreaking high-speed train project that will connect Abu Dhabi and Dubai. The project further cements the UAE’s status as a global leader in smart transportation, with the high-speed rail system enhancing the nation’s transport infrastructure while also aligning with the UAE Net Zero 2050 Strategy.