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Category: Economy
On May 7, 2025, the Emirates Intellectual Property Association took part in a significant celebration organized by the Arab League in Cairo to mark World Intellectual Property Day 2025. The event was themed “Intellectual Property and Music: Singing the Praises of Intellectual Property,” emphasizing the essential role of intellectual property rights in the creative sector....
The DMCC has awarded the main works contract for the next phase of Uptown Dubai. This development includes the construction of two state-of-the-art commercial towers that will enhance the area’s skyline. The contract was awarded to Ali & Sons Contracting Company, a key player in the construction sector. Uptown Dubai is designed to be a...
Emaar, the Dubai-based property giant, has announced a competition that offers AED100 000 to a creative from the UAE whose design will be showcased on the façade of the Burj Khalifa, the tallest building in the world. This initiative aims to provide a platform for local artists, designers, and creatives to express their vision on...
The MENA IPO market has made a strong start in 2025, with 14 initial public offerings (IPOs) raising a total of $2.4 billion in the first quarter. This marks an increase from 10 IPOs during the same period in 2024, with proceeds surging by 106 percent compared to the previous year. According to EY’s latest...
The Abu Dhabi Environment Agency announced a significant coral reef initiative on Monday, launching the Abu Dhabi Coral Gardens project. This initiative is the largest of its kind in the Middle East and aims to protect the emirate’s marine environment while enhancing biodiversity, according to the state news agency Wam. Under the guidance of Sheikh...
Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, recently launched a new initiative aimed at fostering Emirati neighbourhoods in Dubai. This project is designed to bring people together and strengthen social connections within the community. The initiative seeks to enhance community bonds by encouraging local engagement and...
Hiring in the United Arab Emirates (UAE) and Saudi Arabia has seen significant increases, driven by the growth of the non-oil economy. In April, job creation in the UAE reached its fastest pace in 11 months, indicating a robust demand for workers as the economy diversifies away from oil dependency. In Saudi Arabia, staffing levels...
The Maldives government has partnered with Dubai-based MBS Global Investments to create an $8.8 billion financial centre in the capital city of Male. This ambitious project aims to establish a complex that will feature skyscrapers and will not impose residency requirements on its users. The financial centre will offer significant tax benefits, including no corporate...
The Anwar Gargash Diplomatic Academy (AGDA) has officially launched the UAE Economic Diplomacy Report 2024–2025 at a significant event held at its headquarters in Abu Dhabi. This launch marks an important moment for the UAE as it emphasizes the nation’s expanding role in promoting international cooperation and strengthening ties between countries. The report serves to...
Scientists in Abu Dhabi have reported a notable decrease in air pollution levels across the region. This improvement is attributed to stricter air quality controls, a shift towards renewable energy sources, and enhanced monitoring of vehicle emissions. The study conducted by researchers indicates that tougher emissions standards for vehicles have played a significant role in...