Dubai has demonstrated its growing international financial significance by ascending to the 7th position in the Global Financial Centres Index (GFCI). This remarkable achievement comes on the backdrop of the UAE attracting an unprecedented Dh177.3 billion in foreign direct investment (FDI), a record high that underscores the emirate’s appeal as a leading global hub for...
Cosmos Health, a US-based health and wellness company, has recently made a significant move into the Saudi Arabian market by entering into an exclusive distribution agreement with Innova Healthcare. This partnership is expected to bolster Cosmos Health’s presence in the Gulf region, particularly with the initial order consisting of 126,000 units of its Sky Premium...
In a strategic move to bolster regional economic ties, Rajasthan’s Chief Minister Bhajanlal Sharma has extended an invitation to firms from the United Arab Emirates (UAE) to consider investing in the state. This offer was made during a recent round table meeting focused on tourism and investment, which took place in Jaipur. The energy and...
Dubai continues to show remarkable growth in its real estate sector, with the completion of 104 projects valued at AED111 billion in the first half of 2026, as announced by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. This milestone marks a significant increase of 38.7 percent in the...
The global market for electric vertical takeoff and landing (eVTOL) aircraft is set to increase significantly, with projections estimating it will climb from $3.19 billion in 2031 to $5.08 billion by 2035, reflecting a robust compound annual growth rate (CAGR) of 12.3% during this period. This surge in market value is driven primarily by a...
UAE-based real estate developer Arada has announced an ambitious project in Australia with a planned investment of Dh5 billion. This development, located on the Gold Coast, will feature twin towers and marks Arada’s inaugural entry into the Queensland market. Scheduled for completion ahead of the 2032 Olympic Games, this project signifies a strategic move for...
The Indian government is shifting its focus toward maximizing the benefits of Free Trade Agreements (FTAs) as it seeks to bolster exports and integrate domestic industries into global markets. This new strategy emphasizes effective implementation of existing trade agreements rather than merely signing new ones. Such an approach aims to convert negotiated benefits into tangible...
The United Arab Emirates has emerged as a frontrunner in digital adoption within the wealth management sector, as highlighted by the latest Avaloq Wealth Management Index. This strategic positioning reflects the nation’s commitment to advancing its wealthtech ecosystem, pushing it past other global competitors. Ranking third overall in the Index, the UAE has captured the...
The regional air mobility sector is poised for significant growth between 2026 and 2035, with various factors underscoring its potential impact on markets, particularly in the Gulf region. Recent reports indicate that this market segment is expanding due to a combination of technological advancements, evolving consumer preferences, and substantial investments in innovative transportation solutions. As...
Coinbase has announced its strategic decision to establish its global tokenization hub in Abu Dhabi, specifically within the Abu Dhabi Global Market (ADGM). This initiative aims to facilitate the transition of traditional financial assets to blockchain networks, bolstering the firm’s ambition to revolutionize asset management and trading. Abu Dhabi Global Market is recognized as a...