Salaries in the UAE are projected to see minimal growth in 2025, with increases expected to remain in the low single digits or stagnant, according to recruitment consultants. Experts attribute this trend to the continued influx of skilled expatriates and already high salary levels in the region. Trefor Murphy, CEO of recruitment firm Cooper Fitch,...
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31.12.202431.12.2024Real Estate
Dubai to Launch Smart Rental Index in 2025
Starting January 2025, Dubai Land Department (DLD) will roll out a Smart Rental Index aimed at transforming the emirate’s real estate sector. This initiative highlights Dubai’s focus on technology and innovation to foster trust, transparency, and confidence among landlords, tenants, and investors. The Smart Rental Index will rely on advanced technology and accurate, real-time data...
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31.12.202431.12.2024Business
UAE and Italy Strengthen Strategic Partnership in Key Talks
H.H. Sheikh Abdullah bin Zayed Al Nahyan, UAE’s Deputy Prime Minister and Minister of Foreign Affairs, recently spoke with Antonio Tajani, Italy’s Minister of Foreign Affairs, over the phone. The discussion focused on the strong friendship and strategic partnership between the UAE and Italy. Both ministers explored ways to deepen cooperation in various fields. They...
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31.12.202431.12.2024Business, Government support
UAE’s Big Steps Towards Clean Energy, Housing, and Infrastructure
The UAE has made remarkable progress in clean energy, housing, and infrastructure sectors, according to the Ministry of Energy and Infrastructure (MoEI). The country’s commitment to sustainable development and innovation is driving these advancements, as highlighted by Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, in an update shared by Gulf Today. In the...
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30.12.202430.12.2024Business, Investments
Al Buraimi Industrial City Secures 16 Investment Deals Worth OMR7.9 Million
Al Buraimi Industrial City, a key part of the Public Establishment for Industrial Estates (Madayn), has signed 16 new investment contracts in the second half of 2024. These agreements bring a total investment value of OMR7.97 million and mark a significant development for the industrial hub. The newly secured projects span a combined area of...
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30.12.202430.12.2024Investments
Saudi Arabia’s AlMoosa Health IPO Closes with 408.7% Retail Oversubscription
Saudi Arabia ended 2024 on a high note with the successful IPO of AlMoosa Health, which saw overwhelming interest from retail investors. The offering attracted 395,986 individual investors who subscribed at SR127 per share, resulting in a staggering 408.7% oversubscription for the retail tranche. This marks the second healthcare IPO in Saudi Arabia this year,...
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29.12.202429.12.2024Workforce
Dubai Confirms January 1st as Public Holiday for Government Employees
The Dubai Government Human Resources (DGHR) Department has officially announced that January 1, 2025, will be a public holiday for government departments in Dubai to celebrate New Year’s Day. Work is scheduled to resume on January 2, 2025, as usual. However, not all employees will have the day off. Departments and institutions that operate on...
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UAE to Lead GCC with Strongest Economic Growth in 2025
The UAE is set to retain its position as the fastest-growing economy in the GCC in 2025, with a projected growth rate of 6.7%, according to KPMG’s latest CEO Outlook report. As reported by Khaleej Times, this marks a significant rise from the 3.8% growth expected this year. The growth is being driven by the...
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29.12.202431.12.2024Business
UAE Introduces New Law to Regulate Medicines and Pharmacies
The UAE has introduced a comprehensive new law to regulate medicines, pharmacies, and pharmaceutical businesses, aiming to enhance oversight and ensure safe management of medical products. Announced on December 29, the law applies to a wide range of items, including medical devices, pharmaceutical and healthcare products, dietary supplements, cosmetics, and biological products. It also covers...
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29.12.202429.12.2024Free Zones
Dubai Free Zones Council Reflects on 2024 Milestones and Future Direction
The Dubai Free Zones Council (DFZC) has highlighted the achievements of Dubai’s free zones in 2024, attributing their strong performance to efforts in economic diversification. These developments align with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai As ARN News mentioned in their piece,...