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Category: Business
Saudi Arabian companies have successfully raised approximately $3 billion through new share sales this year, positioning the nation as one of the leading markets for initial public offerings (IPOs) globally. This substantial influx of capital highlights the growing investor interest in the region, despite a backdrop of challenges that could impact future performance. However, recent...
Nearly half of the entrepreneurs in the UAE do not have succession plans in place to ensure their businesses are passed on to the next generation, according to a recent report by HSBC. The study reveals that 48% of businesspeople in the Emirates lack such plans, which is only 5% lower than the global average....
Sir Tim Clark, President of Emirates, has suggested that Dubai may soon unveil a project even larger than the Burj Khalifa. His comments reflect a broader vision for the city’s future, underscoring strategic reinvestment and development that goes beyond its current achievements. Clark, who has been a key figure in Dubai’s evolution over the past...
Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, met with the Indian Ambassador to the UAE to discuss strategies aimed at strengthening trade and investment relations between the two regions. This meeting reflects the ongoing commitment of both parties to enhance economic collaboration. Credit: WAM During the discussion, Al Mansoori highlighted the importance...
Dubai Mall is poised for a significant expansion, as Emaar Properties has revealed plans to invest AED 1.5 billion to enhance the mall’s offerings. This development will introduce 240 new luxury retail stores and dining options, reinforcing the mall’s status as a leading global shopping destination. Currently, Dubai Mall spans over 1.2 million square meters...
The Sharjah Chamber of Commerce and Industry (SCCI) engaged in discussions with representatives from the Indian state of Kerala to explore opportunities for enhancing cooperation in various economic sectors. The meeting, which emphasized potential collaborations, focused on trade, investment, and mutual economic growth. During the discussions, officials highlighted the importance of strengthening ties between Sharjah...
The United Arab Emirates (UAE) and the Republic of Costa Rica have reaffirmed their commitment to enhancing economic relations and promoting trade and investment opportunities between the two nations. This announcement was made during a recent meeting where both countries discussed various initiatives aimed at boosting bilateral cooperation. Credit: WAM Officials highlighted the importance of...
A growing number of shoppers in the UAE are turning to artificial intelligence (AI) for their retail needs, utilizing the technology to browse, discover, and purchase items ranging from clothing to food. According to a new retail report from global fintech platform Adyen, 70% of UAE residents now employ AI in their shopping activities, marking...
Abu Dhabi-based investment holding company Multiply Group has launched Multiply Media Group (MMG) by uniting three major out-of-home advertising firms. This announcement was made during the World Out of Home Organisation (WOO) Annual Congress in Mexico City. The creation of MMG signals fresh investments and innovative solutions for the out-of-home media sector, enhancing synergy among...
The United Arab Emirates (UAE) is set to begin negotiations for a bilateral trade agreement with the United States, aiming to secure lower tariffs on Emirati steel and aluminium products. This decision follows discussions that originated during President Donald Trump’s visit to the Gulf in mid-May, as reported by Reuters. During the visit, the US...