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Category: Economy
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...
Abu Dhabi is intensifying efforts to boost investments with China, anticipating that bilateral trade will reach $200 billion by 2030. The Abu Dhabi Department of Economic Development (ADDED) is leading an economic delegation to China as part of this initiative, aiming to strengthen the emirate’s role as a global hub for talent, businesses, and investments....
The United Arab Emirates (UAE) will collaborate with Ukraine to create the first food hub on the African continent, according to Ukrainian President Volodymyr Zelensky. This announcement was made during an online press conference held in Abu Dhabi with Ukrainian journalists, as reported by Ukrinform During the event, Zelensky told that both nations have long...
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), addressed the necessity for emerging economies to adapt to the transformative effects of artificial intelligence (AI) during her speech at the AlUla Conference for Emerging Market Economies in Saudi Arabia. She emphasized that these economies must embrace AI to remain competitive and ensure sustainable...
Employees in the United Arab Emirates (UAE) enjoy the highest monthly salaries in the Middle East and Arab World, ranking among the top 20 countries globally in 2024. The average gross monthly wage in the UAE is reported to be $3,663 (Dh13,400), placing it as the 18th highest worldwide. In the Gulf Cooperation Council (GCC)...
The e-commerce market in the United Arab Emirates (UAE) is projected to experience significant growth, with estimates indicating it will surpass AED 48.8 billion by 2028. This growth is attributed to the increasing demand for online shopping and rapid advancements in the digital economy. In 2022, the Dubai Chamber of Commerce had predicted that the...
A recent study conducted by ZeroBounce has identified the world’s top ten cities most reliant on digital infrastructure. The evaluation was based on nine key categories, including internet speed, public Wi-Fi availability, online maintenance reporting systems, CCTV coverage, and pollution monitoring applications. Additional factors included digital healthcare access, smart parking solutions, and the digitization of...
UAE is increasingly turning to vertical farming as a strategy to lower crop prices. As businesses venture into agricultural projects, they are finding it easier to get their products on supermarket shelves, improving their chances of profitability. The rise of both advanced vertical farms and traditional farming methods across the region is making a significant...
The Abu Dhabi Fund for Development (ADFD) has officially reached a total funding amount of approximately AED229 billion, as announced during the World Governments Summit 2025, which was held in Dubai. The summit, themed “Shaping Future Governments,” gathered government leaders, ministers, senior officials, and global experts from various sectors to exchange knowledge and strategies for...