The UAE’s foreign trade has surpassed AED 3tr ($817bn) for the first time ever, expanding at 14.6% in 2024. Having set a target of AED 4tr ($1.09bn) in foreign trade by 2031, the country has already achieved 75% of that goal within just three years.
KASCO Developments has launched Volna, its latest residential community in Dubai’s Al Jaddaf Waterfront. The project is a collaboration with real estate intelligence hub Evolutions and is an 11-storey development with 65 residences.
Batelco has introduced B Spectrum, an advanced data connectivity service set to enhance network flexibility and scalability in Bahrain and across the Middle East. The service is powered by technology from Ciena which specialises in optical and routing systems, automation software, and services.
Abu Dhabi-based Modon Holding has announced a definitive agreement to acquire Arena Events Group through a deal with International Holding Company (IHC) and TasHeel Holding.
Dubai Internet City will take centre stage at the AI Everything Global event which runs from 4 – 6 February in Abu Dhabi and Dubai. At the event, Dubai Internet City will highlight how the region’s digital successes can be leveraged to shape AI development that is both socially equitable and economically viable.
With the start of UAE-Kuwait Week, the two GCC nations are aiming to enhance economic and cultural cooperation. The two-day event in Dubai gathers ministers, senior officials, and key business leaders from both countries to explore avenues for further collaboration.
A new partnership aims to support startups and SMEs by ensuring they have access to resources and opportunities to drive growth in the property technology (proptech) sector.
Dubai’s real estate sector is set to continue its upward momentum in 2025, fuelled by investor confidence, an expanding luxury segment, and rising demand for commercial properties.
Ooredoo Group has signed a landmark agreement with Alcatel Submarine Networks to construct a high-capacity submarine cable system that will connect seven Gulf nations – Qatar, Oman, the UAE, Bahrain, Saudi Arabia, Kuwait, and Iraq.
The global car rental network Finalrentals has partnered with UAE-based Autorent to revolutionise car rentals in both the UAE and wider region.
Sign up for our free newsletter