Economy News

South African investment in Dubai surpasses AED 1bn over five years

South African investment in Dubai has exceeded AED 1 billion over the past five years, spanning key sectors including information and communications technology, pharmaceuticals, and food industries, according to Dubai Chambers.

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News Real Estate

Sharjah real estate transactions hit AED 3.1bn in May

Sharjah's property market recorded AED 3.1 billion in real estate transactions across 7,119 deals in May, with total traded area in sales transactions reaching approximately 9.5 million square feet, according to the Sharjah Real Estate Registration Department.

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News

DAMAC Digital targets 6GW data centre pipeline across 13 countries to capture AI demand

DAMAC Digital has unveiled plans to build an IT capacity landbank of 6,000 megawatts across more than 13 countries, targeting hyper-scale cloud and AI infrastructure demand in North America, Europe, Asia, and the Middle East.

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News Startup

Dubai launches SME in a Box platform offering over AED 80,000 in potential savings

Dubai's Department of Economy and Tourism (DET) has introduced SME in a Box, a unified platform giving entrepreneurs single-point access to essential business services, including licensing, banking, digital payments, logistics, and telecommunications through a curated network of 18 private-sector partners.

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News

UAE ahead of schedule on USD 1.4t US investment pledge, business council confirms

The UAE is tracking ahead of its commitment to invest USD 1.4 trillion in the United States by 2035, with the US-UAE Business Council confirming the country has already deployed more than USD 100 billion in the past year alone.

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News Startup

Du launches AED 183m venture capital fund with Shorooq Partners as manager

Dubai-listed telecom operator du has established du Ventures, an AED 183 million (USD 50 million) venture capital fund targeting startups and emerging technologies aligned with its core business.

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News

Flydubai marks 17 years with 137m passengers and 140-destination network

Flydubai has reached a significant milestone since launching in June 2009, having transported more than 137 million passengers and grown its route network to over 140 destinations across 58 countries.

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News

Amman Stock Exchange and Abu Dhabi Securities Exchange go live on Tabadul platform

Jordan's capital market institutions and Abu Dhabi Securities Exchange have officially activated an electronic link between the two bourses via the Tabadul cross-market trading platform.

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News

Binance launches regulated AED crypto on-ramp in UAE via ADCB integration

Binance has introduced a fully regulated UAE dirham on- and off-ramp solution, integrating directly with Abu Dhabi Commercial Bank to allow users to move funds between traditional banking and digital assets.

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News Startup

UAE autonomous delivery firm CargoX raises USD 250m to scale logistics network

CargoX, the UAE-based autonomous delivery platform, has closed a USD 250 million funding round led by alternative investment firm BlueFive Capital.

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