Browsing: economic diversification

The Abu Dhabi Department of Economic Development (ADDED) has launched the Abu Dhabi Registration and Licensing Authority (ADRA) to regulate and enhance the business sector across the emirate.

Dubai’s residential property prices, which have seen significant growth in recent years, are anticipated to moderate in 2025, with a projected increase of 5–10 per cent. Industry leaders attribute this to sustained demand, especially for off-plan developments and affordable housing, alongside ongoing interest in luxury properties.

The new target opens significant opportunities for local and international businesses to engage with ADNOC’s procurement pipeline, fostering investment in the UAE’s manufacturing and industrial sectors while creating jobs for Emiratis.

Emarat Petroleum Company (Emarat) and Lootah Biofuels have signed a Memorandum of Understanding (MoU) to strengthen cooperation, in line with the UAE’s efforts to develop renewable energy sources and promote sustainability.

Saudi Arabia’s Public Investment Fund (PIF) and French private equity firm Ardian confirmed on Friday…

FIFA has confirmed that Saudi Arabia will host the 2034 World Cup. This long-awaited announcement was made during the FIFA Congress on Wednesday, December 11, marking a major milestone in the Kingdom’s ambitious sporting vision and making it the second Middle Eastern country to host football’s premier event.

Dubai Financial Market (DFM) has celebrated the successful listing of Talabat Holding. Talabat, the MENA…

PLATMA, an AI-powered business automation platform, has secured $2.2 million in pre-seed funding to drive its expansion into the Middle East and North Africa (MENA) region.

UAE has secured fifth place in the 2024 Quality Infrastructure for Sustainable Development (QI4SD) Index, rising six positions since its launch by the United Nations Industrial Development Organisation (UNIDO) in 2022. The index categorises the UAE within the ‘L’ group, alongside countries with GDPs between $100 billion and $1 trillion, including Switzerland, South Africa, Singapore, and Finland.

Abu Dhabi Investment Office (ADIO) has signed multiple agreements to explore manufacturing opportunities in line with the emirate’s focus on sustainable growth and economic diversification. The agreements were formalised during the Procurement Forum at the first Abu Dhabi Business Week, held from 4-6 December. The forum highlighted the role of the private sector in shaping public sector procurement and driving economic transformation.