Economy News

EV brand reports 200% growth in UAE

EV brand Zeekr has reported over 200% growth in January 2025, setting an ambitious target of 400% annual expansion.

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Economy News

UAE-US strategic partnership strengthens

The UAE and the US continued to deepen their five-decade-long strategic partnership during an official visit to the US by HH Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser.

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Economy News

KSA to host Sports Investment Forum 2025

Saudi Arabia is set to host the Sports Investment Forum 2025 from April 7 in Riyadh, under the patronage of the Ministry of Sport and the Ministry of Investment.

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Economy Entrepreneur News Startup

New partnership to boost Oman’s SMEs

A new partnership seeks to offer integrated mobile, fixed, and ICT solutions alongside tailored financial packages to enhance efficiency and growth for SMEs in Oman.

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Economy News

New F1 movie trailer showcases Abu Dhabi

Abu Dhabi takes centre stage in the newly-released trailer for Apple Original Films movie F1, starring Brad Pitt.

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Economy News

Bank of Sharjah hit record performance in 2024

Bank of Sharjah has reported record-breaking financial results for the year ended 31 December 2024, posting a profit before tax of $113m, marking a dramatic turnaround from the $75m loss in the previous year. The bank’s net profit after tax surged to $105m, driven by revenue growth, cost control, and risk management.

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Economy News

Aldar raises $500m in oversubscribed green sukuk

Aldar Investment Properties has successfully raised $500m through a 10-year green sukuk (a sharia-compliant bond), with the issuance oversubscribed 7.2 times, attracting $3.6bn in orders. Strong investor interest saw 61% of allocations from regional investors and 39% from international investors.

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Economy Entrepreneur News Startup

New phone payment solution targets startups, SMEs

A new tap-on-phone payment solution has been launched with the goal of revolutionising the way businesses in the UAE process transactions.

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Economy News

Dubai adds ‘art’ to urban development

A new initiative seeks to turn Dubai into an open-air art gallery, blending sustainable urban development with public art projects. The goal is to enrich the quality of life in the emirate and solidify its status as a global destination as well as a hub for creativity and culture.

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Economy News

Dubai luxury transport sector growing fast

Dubai’s luxury transport sector saw a 44% increase in 2024, with over 43.4 million trips taken, compared to 30.2 million in 2023. The luxury transport services in Dubai carried a total of 75.6 million passengers in 2024 which was up from 52.6 million the previous year. E-hail services saw a 32% rise, with trips climbing

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