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Category: Economy
Abu Dhabi is enhancing its environmental protection efforts by implementing a new regulation aimed at improving preparedness and response to environmental emergencies. This regulation empowers the Environment Agency – Abu Dhabi to react swiftly to incidents of pollution affecting air, sea, or land. The regulation applies to all facilities and projects within Abu Dhabi that...
The Gulf region is emerging as a strategic hub for trade and industry, especially in the context of recent tariff changes. Its modern logistics infrastructure, extensive free trade zones, and globally connected ports make it an appealing choice for companies looking for a stable operational base. As businesses navigate the complexities of international trade, the...
Bahrain’s Parliament has unanimously approved a new tax targeting multinational enterprises (MNEs). This decision came during a retrospective vote on a royal decree issued by His Majesty King Hamad concerning the Domestic Minimum Top-up Tax for MNEs Law, which occurred during the National Assembly’s recess last year. Finance and National Economy Minister Shaikh Salman bin...
Disney’s CEO recently announced that the upcoming Disneyland theme park, set to be constructed on Yas Island, will draw inspiration from Arab characters and locations. This development is a significant step towards creating a culturally relevant experience for visitors in the region. The theme park is expected to integrate various elements that reflect the rich...
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...