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29.12.202429.12.2024Business, Economy

UAE to Lead GCC with Strongest Economic Growth in 2025

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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

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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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28.12.202428.12.2024Business, Investments

Abu Dhabi’s Astra Tech Unit Secures $500 Million Funding from Citi

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Abu Dhabi-based FinTech company Astra Tech, through its subsidiary Quantix Technology Projects, has secured $500 million in funding from Citi. This asset-backed securitisation financing is among the largest ever for a UAE FinTech firm. According to The National UAE, the announcement was made during the Abu Dhabi Finance Week, where the company shared its plans...