JAFZA invests $24.5m in logistics park expansion
Jebel Ali Free Zone has announced a $24.5m investment in Phase 2 of its advanced logistics park, adding 360,000 square feet of Grade-A facilities.
Economy
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Economy
News
Abu Dhabi to launch air taxis this year
Abu Dhabi is set to become a pioneer in urban air mobility with the deployment of the first fleet of electric air taxis this year. The piloted, four-passenger aircraft aim to slash a 60-minute car journey down to around 10 minutes.
Economy
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Real Estate
Abu Dhabi real estate demand surges
Abu Dhabi’s real estate sector is set for significant expansion, with 38,700 new residential units expected by 2028 to meet growing demand. According to Cavendish Maxwell’s latest report, 10,800 units are due for delivery this year, followed by 6,000 in 2026.
Economy
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MRC Saudi and Adspective transform AI advertising
MRC Saudi and Adspective have announced a strategic partnership to revolutionise audience measurement and AI-driven advertising in Saudi Arabia.
Economy
Entrepreneur
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Startup
Abu Dhabi to host AIM Congress 2025
Abu Dhabi is set to welcome over 25,000 participants at AIM Congress 2025. This is the 14th edition of the congress and will take place from 7 to 9 April 2025 at the Abu Dhabi National Exhibition Centre (ADNEC).
Economy
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UAE to invest $1.4tr in US over 10 years
The UAE has announced plans to invest $1.4tr in the US economy over the next decade, with significant commitments across AI, energy, and industrial sectors. While details of the investment breakdown remain unspecified, several major deals have already been confirmed.
Economy
Entrepreneur
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Startup
UAE’s enza secures $6.75m seed funding
UAE-based payment solutions provider enza has raised $6.75m in a seed equity funding round co-led by Algebra Ventures and Quona Capital.
Economy
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Real Estate
New DLD initiative to ease overdue fees
The Real Estate Regulatory Agency (RERA) has introduced the ‘Tayseer’ initiative to help unit owners settle overdue service fees through flexible six-month payment plans.
Economy
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DEWA approves $0.84bn dividend payment
Dubai Electricity and Water Authority (DEWA) has announced that its general assembly has approved a total dividend payment of $0.84bnfor the second half of 2024.
Economy
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Dubai welcomes surge in Hungarian businesses
Dubai Chamber of Commerce (DLD) has announced the establishment of the Hungarian Business Council, an initiative aimed at strengthening trade and investment ties between Dubai and Hungary.