The Abu Dhabi Global Market (ADGM) has announced a major reduction in commercial license fees effective 1st January 2025. The new fee structure, aimed at enhancing ADGM’s business ecosystem, offers significant savings for non-financial and retail businesses operating within the jurisdiction.

Dubai’s appeal as a hub for regional and global investors continues to grow with a report showing that a total of 51,561 new companies joined the Chamber from January to September 2024, reflecting a 4% year-over-year increase. This aligns with the goal of creating and supporting a favourable business environment set out by the Dubai

The drive towards a diversified economy took a new leap last year. A report just published from the UAE Ministry of Economy has revealed that non-oil sectors played a central role in the UAE’s economic growth during the first half of 2024, contributing 75% to the country’s GDP.

Abu Dhabi’s Mubadala Investment Company played a major role in sovereign wealth fund (SWF) activity in 2024, accounting for nearly 20% of the $136.1bn total spent worldwide. Mubadala deployed $29.2bn in 2024, a substantial rise from the $17.5bn invested the previous year. Key focuses included the digital economy, AI and digitisation.