The launch of the Kenya Business Council in Dubai marks a significant step in enhancing economic ties between Kenya and the United Arab Emirates. This initiative coincides with the strengthening of bilateral relations under the Comprehensive Economic Partnership Agreement (CEPA), which aims to facilitate trade and investment between the two nations. This new business platform...
The ongoing conflict in the Middle East, particularly the recent hostilities involving the US and Israel against Iran, has led to a noticeable decline in demand for residential properties in Dubai. Real estate analysts report that the geopolitical instability is causing potential buyers to hesitate, delaying real estate transactions and fostering uncertainty in the market....
Despite facing a downturn in tourism, Dubai Taxi has reported impressive revenue figures for the first half of the year, amounting to Dh1 billion. The company, known for providing a wide range of transportation services, has managed to maintain robust financial performance, although it has noted a significant drop in the volume of trips. In...
Etihad Airways, the flag carrier of the UAE, has formalized its expansion into West Africa by signing a Memorandum of Understanding (MoU) with Africa World Airlines (AWA), a prominent airline based in Accra, Ghana. This agreement focuses on enhancing cooperation in multiple areas, including codeshare and interline partnerships, cargo services, and frequent flyer programs, marking...
According to the latest analysis from Henley & Partners, Dubai has emerged as a significant player in the global wealth landscape, experiencing an impressive 102% growth in its millionaire population over the last decade. The emirate now boasts a total of 81,200 millionaires, alongside 237 centi-millionaires and 20 billionaires, which has propelled its ranking from...
Investment trends in the Middle East and North Africa (MENA) region have demonstrated remarkable resilience in the past week, continuing to thrive even amidst heightened tensions stemming from the ongoing US-led conflict with Iran. This persistence is particularly noteworthy given the prevailing market uncertainties that have affected various sectors across the region. According to data...
Dubai has emerged as a significant player in the global economic landscape, and its relationship with Africa is poised to shape the continent’s future in unprecedented ways. Over the last few years, the Emirate has strategically invested in infrastructure, trade, and technology across various African nations. This commitment not only underlines Dubai’s intent to strengthen...
This year, Yazan al Homsi has emerged prominently in discussions surrounding investments in clean technology and healthcare, as his name frequently accompanies reports on the enterprises he supports. Al Homsi has gained attention particularly for his involvement with Aduro Clean Technologies, a firm that has successfully raised a total of $22.2 million in two separate...
According to recent findings, Dubai has recently topped the charts as the city with the fastest growth in the number of millionaires globally. This explosive increase in wealth is a reflection of the emirate’s strategic economic initiatives and favorable business environment, positioning it as a prime destination for affluent individuals seeking opportunities. Over the past...
In a significant move to bolster economic relations, Dubai has established the Kenya Business Council, aiming to foster trade and investment between the UAE and Kenya. This initiative was unveiled by the Dubai Chamber of Commerce during its inaugural meeting held at its headquarters, where prominent business leaders and stakeholders from both nations gathered to...