Economy

NEWS DESK

Dubai Ranks First Globally in FDI for Cultural and Creative Industries 2023

News Desk 06/06/2024

Dubai has topped the Foreign Direct Investment (FDI) Index for cultural and creative industries in 2023, according to the ‘fDi Markets’ report by the Financial Times. This ranking reaffirms Dubai’s leadership and enhances its competitiveness as a global capital of the creative

NEWS DESK

Emirates Environmental Group’s 3rd Panel Discussion of 2024 Echoes the importance of stable economy and society

News Desk 30/05/2024

Emirates Environmental Group (EEG), in association with key partners such as the Arabia CSR Network, the EmiratesGBC, the Clean Energy Business Council and the Swiss Business Council, successfully hosted a critical Panel Discussion, the 3rd for the year, at Five Palm Jumeirah on Thursday, May 30, between 10:00 a.m. and 12:30 noon. The panel discussion […]

Business Corporate UAE

Dubai Tops FDI Global Charts For The Third Consecutive Year

Arnold Pinto 16/05/2024

Leaving Singapore And London Trailing Dubai, the Middle East’s default business and commercial capital, is the world’s leading foreign direct investment (FDI) hub for the third consecutive year, bypassing Singapore and London, respectively. As per the Financial Times’ fDi Markets platform, Dubai, the Arabian Gulf emirate, not only secured the top spot in global

NEWS DESK

DIFC’s 20th Anniversary Takes Flight with Strong Contribution

PR News Desk 15/02/2024

Dubai International Financial Centre (DIFC) continued to differentiate its position as the leading global financial centre for the Middle East, Africa and South Asia (MEASA) region during 2023. The Centre is now home to 5,523 active companies, a significant 26 per cent year-on-year boost from 4,377 in 2022. 1,451 new companies established in DIFC in […]

NEWS DESK

Google Cloud Expands Regional Presence with Opening of Dammam Cloud Region

PR News Desk 15/11/2023

Today, Google Cloud announced the opening of its new cloud region in Dammam, bringing high-performance, low-latency Google Cloud Platform services to customers of all sizes, from public sector organizations and large businesses, to small and medium-sized enterprises (SMEs) and startups in Saudi Arabia and the Middle East.  This significant investment in the Middle

NEWS DESK GCC UAE

Commercial Relocation Gains Traction in the UAE as Economy Soars

PR News Desk 10/11/2023

The UAE is witnessing a surge in commercial relocations, buoyed by a robust economy. As per the Central Bank’s latest report, the UAE anticipates substantial economic growth, with a projected 4.3% surge in 2024 and a stable 3.9% growth rate for the current year. This economic landscape is propelling the growth of commercial relocation across […]

NEWS DESK

UAE participates in first GCC-China economy and trade ministerial conference to advance joint efforts

PR News Desk 24/10/2023

H.E. Abdulla bin Touq Al Marri, Minister of Economy, participated in the first GCC-China economy and trade ministerial conference held in Guangzhou, China, in the presence of H.E. Jasem Mohamed AlBudaiwi, GCC Secretary General, ministers of economy and trade of GCC countries, and H.E. Wang Wen Tao, Chinese Minister of Trade. H.E. Bin Touq said […]

NEWS DESK

GHAYA’s inaugural ‘WORLD WITH PURPOSE’ summit

PR News Desk 12/10/2023

GHAYA, a UAE “purpose to impact” strategy consultancy, is proud to unveil the inaugural “WORLD WITH PURPOSE” summit titled “THE RISE OF A GLOBAL IMPACT ECONOMY”. Under the patronage of the UAE Ministry of Economy and in partnership with MAJRA, National CSR Fund, the summit is scheduled to take place on November 7th and 8th, […]

NEWS DESK

5 Ways the FMCG Industry Contributes to the Economy

News Desk 07/08/2023

By Naji Haddad, General Manager of MENA at Deliverect Fast-Moving Consumer Goods (FMCG), or Consumer Packaged Goods (CPG), are products sold quickly and at a relatively low cost. The FMCG industry is characterized by high-volume sales, quick inventory turnover, and various products catering to consumer needs. These goods include essential everyday items such as food […]

Business GCC UAE

Two major agreements announced at UAE-Turkey Business Forum promise to boost cooperation in critical sectors

News Desk 20/07/2023

Abu Dhabi, July 20, 2023: Two major agreements announced at the UAE-Turkey Business Forum held recently in Abu Dhabi were set to provide a boost to UAE-Turkey investment across multiple key sectors of the economy. The two announcements, designed to enhance cooperation between the business communities in the two countries, were announced during the Business […]

Business GCC UAE

UAE and South Korea agree to expand economic cooperation in 11 strategic sectors, boost economy

News Desk 07/07/2023

The eighth session of the UAE-South Korea Joint Economic Committee (JEC) – which was chaired by H.E. Abdullah bin Touq Al Marri, Minister of Economy, and H.E. Kyungho CHOO, South Korean Deputy Prime Minister and Minister of Economy and Finance – was held recently in Seoul, the capital of South Korea. The session was attended […]

Business

Global Financial Community Optimistic to Overcome Market Challenges and Build Stronger, Tech-Driven, Sustainable Future Economy

Middle East News 247 17/03/2023

RIYADH, Saudi Arabia — The second edition of the Financial Sector Conference (FSC 2023) has concluded in Riyadh, with a mood of optimism and energy to overcome market challenges to build a stronger, technology driven and sustainable economy of the future. Over 3200 participants from 82 countries, and 180 media, assembled in the Saudi capital […]

Business GCC Saudi Arabia

Saudi reaffirms commitment to bridging global divides, driving energy transition, inclusive economic growth at WEF23

Middle East News 247 26/01/2023

Riyadh, Saudi Arabia — Saudi Arabia reiterated its commitment to build bridges across geopolitical and economic divides at the World Economic Forum (WEF) 2023 Annual Meeting in Davos, Switzerland last week. His Highness Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs, led the Saudi delegation of nine ministers and high-level officials, and told […]

NEWS DESK Finance GCC UAE

UAE’s Ministry of Economy Opens Headquarters in the Metaverse

News Editor 14/10/2022

The UAE’s Ministry of Economy recently announced the launch of its third address after its Dubai and Abu Dhabi branches. However, this launch is particularly interesting because, unlike the other two addresses, the most recent one is a virtual branch based in the Metaverse. The Ministry announced this development at the recently concluded Dubai Metaverse Assembly.

NEWS DESK GCC UAE

Dubai Launches Robotics and Automation Programme to Enhance Economy

News Editor 06/10/2022

Days ago, Dubai launched a robotics and automation program to boost the country’s economy and prepare it for the future. The government announced the program in a tweet by the Dubai Media Office. According to the Media Office, Dubai’s Crown Prince, Sheikh Hamdan bin Mohammed. The Media Office further stated that the program aims to make Dubai […]