The e-commerce market in the UAE is experiencing significant growth, with revenue projected to increase at a rate of 8.39 percent from $33.97 billion (Dh125 billion) in 2025 to $46.88 billion (Dh172 billion) by 2029. This growth trend is highlighted in a report by Statista.com, a global online market intelligence provider. As consumers continue to...
EFG Hermes, a leading investment bank in the Middle East and North Africa (MENA), has been recognized as the top investment bank in the MENA Equity & Equity-Related category for 2024 by the London Stock Exchange Group (LSEG). The firm led the MENA market in equity capital market (ECM) activities, successfully completing 11 Initial Public...
The UAE Research Programme for Rain Enhancement Science (UAEREP) has officially opened its 6th cycle for submissions of innovative research proposals. The programme is offering grants of up to $1.5 million, which is approximately AED 5.5 million, for up to three winning projects. Each project can receive a grant spread over three years, with a...
Global healthcare group M42 has introduced a new structure at the Arab Health 2025 event in Dubai, showcasing its focus on three key areas: treatment services, AI-powered healthcare solutions, and advanced medical technologies. Speaking to Emirates News Agency (WAM), Safeya Almqtri, Deputy Group Chief Operating Officer at M42, shared that the group also announced the...
Alef Group, a prominent real estate developer in Sharjah, made waves at the ACRES 2025 Sharjah Real Estate Exhibition by signing 1,006 sales and purchase agreements worth AED 1.37 billion. The four-day event, held at the Sharjah Expo Centre, highlighted the growing demand for Alef Group’s community-focused developments. The company introduced its latest project, Al...
The Department of Economic Development in Ajman (Ajman DED) has introduced a new project called the “Investor Statement,” designed to improve the investment climate in the emirate. The initiative aligns with Ajman Vision 2030’s goal of building a sustainable economy. The project will provide investors with regular electronic updates about their licences and permits. These...
The UAE has recently received significant regional and international recognition for its dedication to human rights, as the nation continues to implement legislative and regulatory reforms that align with its comprehensive development goals. Placing human rights at the center of its development strategies, the UAE aims to ensure dignity, welfare, and justice for all individuals,...
A historic shift in generational wealth is unfolding in the Middle East, with $1 trillion (AED 3.67 trillion) expected to transfer to heirs by 2030, according to a whitepaper launched by the DIFC Innovation Hub, Julius Baer, and Euroclear. The report, titled “Navigating the Future of Inheritance”, highlights how advanced digital technologies like Artificial Intelligence,...
The UAE has the potential to increase rainfall by up to 25% using new technologies developed from its sixth cycle of the UAE Research Program for Rain Enhancement Science (UAEREP). This announcement was made by Alya Al Mazrouei, the program’s director, during the 7th International Rain Enhancement Forum (IREF) in Abu Dhabi. The UAEREP has...
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, chaired the first Defence Council meeting of 2025 on Tuesday. During this meeting, Sheikh Hamdan stressed the importance of intensifying efforts, promoting teamwork, and strengthening collaboration to align with the...