Economy News

S&P says GCC banks resilient to trade shocks

Gulf banks are well-positioned to weather the economic fallout from rising global trade tensions according to a new report by S&P Global Ratings.

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Economy News

Nexus Point backed platform Encor Group acquires Creative Zone

Hong Kong and Dubai, 16 April 2025 – Creative Zone Group (“Creative Zone”, or the “Company”), a leading corporate service provider based in the UAE, has been acquired by Encor Group (“Encor”), a regional corporate, trust and fund services platform headquartered in Hong Kong. The transaction marks the second acquisition by Encor in the past

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Economy Entrepreneur News Startup

UAE tech startup funding see 865% increase in Q1

UAE tech startups raised a record $872m in Q1 2025, an 865%year-on-year increase, according to Tracxn’s latest UAE Tech Funding Report.

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Economy Entrepreneur News Startup

UAE AI startup secures Irish funding

The UAE-based AI startup AIREV has secured investment from Irish private equity firm Venturewave Capital to accelerate the global rollout of ‘On-Demand’, a pioneering AI operating system that currently has 60,000 users.

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Economy News

OPEC reports solid growth in UAE’s non-oil sector

The UAE’s non-oil economy continues to show strong momentum, according to the latest report by OPEC.

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Economy Entrepreneur News Startup

Dubai AI Festival reinforces city’s tech leadership

Dubai is preparing to host the 2025 edition of the Dubai AI Festival, reaffirming its status as a global hub for AI and emerging technologies.

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Economy News

RAKEZ strengthens UAE–UK business ties

Ras Al Khaimah Economic Zone (RAKEZ) has reaffirmed its commitment to strengthening commercial ties between the UAE and the UK as the lead sponsor of the British Chamber of Commerce Dubai (BCCD)’s stakeholder reception in central London.

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Economy News

KT UniExpo showcases UAE education opportunities

The Khaleej Times UniExpo will take place from 16–17 April at The H Dubai. This will be the eighth edition of the two-day summit which will explore future-focused academic and career pathways and feature over 35 leading universities and higher education institutions.

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Economy News

Mubadala Energy enters US gas market

Abu Dhabi-based Mubadala Energy has announced a major investment into the US energy sector through the acquisition of a 24.1% interest in Kimmeridge’s SoTex HoldCo LLC. The stake was secured via the issuance of new equity and marks Mubadala Energy’s first entry into the American upstream gas and LNG market.

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Economy News

UAE and Ireland strengthen economic cooperation

The UAE and Ireland have signed a Memorandum of Understanding (MoU) to deepen economic and technical cooperation and launch a Joint Economic Committee aimed at driving mutual growth and strengthening private sector engagement.

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