UAE sees FDI hit $45.5bn in 2024
Foreign direct investment (FDI) into the UAE soared to $45.5bn in 2024, marking a 48% increase from the previous year, according to a new report by the United Nations Conference on Trade and Development (UNCTAD).
Economy
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Economy
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Google contributed $5.9bn to UAE economy in 2024
Google contributed over $5.9bn to the UAE economy in 2024 with its AI-powered tools enhancing productivity across businesses and individuals, while supporting the nation’s digital transformation. The Android and Google Play ecosystem supported 30,000 local jobs, reflecting Google’s broader impact on employment, innovation, and entrepreneurship and its role in supporting the UAE’s ambition to become
Entrepreneur
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Startup
UAE’s SaturnX raises $3m
UAE-based stablecoin startup SaturnX has secured $3m in seed funding to fuel its expansion into Southeast Asia. The round was led by White Star Capital with backing from multiple institutional investors. Founded in 2024, SaturnX provides an API platform for B2B money transmitters and financial services, enabling seamless digital dollar transfers. The startup has already
Economy
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UAE-China MoU to boost cross-border payments
The Central Bank of the UAE (CBUAE) has signed a Memorandum of Understanding (MoU) with China’s Cross-Border Interbank Payment System (CIPS) to enhance cooperation in cross-border payment infrastructure.
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Dubai to host Global Public Transport Summit 2026
Dubai’s Roads and Transport Authority (RTA) has for the second time received the flag to host the Global Public Transport Summit 2026. The summit was first held in Dubai in 2011.
Economy
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UAE deepens science and tech ties with Germany
The UAE has strengthened its collaboration with Germany in science, innovation and advanced technology following a series of high-level meetings in Berlin.
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Real Estate
Infracorp launches California Residences in Dubai
Bahrain-based real estate developer Infracorp has officially launched sales for its latest residential development, California Residences. Located in Wadi Al Safa, Dubai, the $164m project features 370 units including apartments, villas, and townhouses designed around modern, community-focused living.
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G42 & Liquid AI to develop new AI solutions
Abu Dhabi-based tech group G42 has announced a strategic partnership with US-based Liquid AI to focus on developing and commercialising private generative AI solutions globally, but with a strong emphasis on MENA and the Global South more broadly.
News
Real Estate
SmartCrowd launches real estate ‘Flip’
Dubai-based real estate crowdfunding platform SmartCrowd has launched Flip, a fractional investment model that allows individuals to co-invest in high-end property renovations.
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Real Estate
Emirates Properties launches branded tower in Dubai
Emirates Properties Group has announced the launch of Azha Millennium Residences, a $95m mixed-use development in Jumeirah Village Triangle. The project will feature 196 branded apartments and retail spaces and is scheduled for completion in the final quarter of 2027.