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Latest economy news from the UAE, Gulf region and MENA in one place.
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Category: Economy
In a significant step toward environmental sustainability, IFZA, Dubai’s vibrant free zone community, has collaborated with its partners to plant 30,000 mangrove trees. This initiative is part of IFZA’s ongoing commitment to ecosystem restoration through their GROW initiative, which includes 500 newly planted trees at the Jebel Ali Wildlife Sanctuary, an area noted for its...
Dubai Municipality has announced the successful completion of a series of innovative sports fields and courts located in public parks and recreational facilities throughout the city. These new facilities were developed in partnership with leading international companies from the sports, food, and services sectors. The newly designed sports fields and courts can be found in...
With big plans and new rules, the United Arab Emirates is setting itself up to be a star in the economy of the future. The UAE has become one of the most forward-thinking and innovative countries in the world as global economic trends change. It has done this by building a unique economic model that...
The countries in the Gulf Cooperation Council (GCC) had a total of $804.1 billion in foreign savings at the end of the first half of 2024. This number shows how strong these countries’ economies are in the face of changes in the world economy. Not only does this large amount show that the GCC is...
YachtFinds.com was created by the United Arab Emirates to be the first place in the Middle East where people can buy, sell, and rent luxury superyachts online. This new platform is meant to change the UAE’s marine industry and make Dubai even more famous as a top spot for cruise tourists and people who love...
Saudi Arabia has officially introduced a new symbol for its currency, the Riyal, following the approval of King Salman bin Abdulaziz Al Saud. This new symbol draws inspiration from Arabic calligraphy and aims to reflect the Kingdom’s rich cultural heritage, as reported by the Saudi Press Agency (SPA) The Saudi Central Bank announced that the...
Dubai Police have warned people about online scams that use influential people and the growing practice of “electronic begging,” which is especially common during Ramadan. Brigadier Saeed Al Hajri, who is in charge of the Cybercrime Combat Department at the General Department of Criminal Investigation for the Dubai Police, said that some crimes, like illegally...
With an ambitious plan led by Sharjah Media City (Shams), Sharjah is starting a journey that will change the way movies are made in the area. The goal of this project is to make the emirate a center for film production and creative businesses. This will make it a game-changer in the media sector of...
A new study shows that Dubai Internet City has had a big effect on the city’s income over the past 15 years, adding AED 100 billion to the city’s GDP. This conclusion comes from an impact study that was done with Accenture and included opinions from several top leaders in the ICT (information and communications...
The United Arab Emirates (UAE) has been recognized as having the best business climate among emerging economies, excelling particularly in logistics opportunities and digital readiness. This information comes from the 2025 Agility Emerging Markets Logistics Index, which assesses 50 countries based on their logistics strengths, business climate, and digital capabilities—key factors for logistics providers and...