India has emerged as the leading source of foreign direct investment (FDI) in Dubai, contributing $3.018 billion in 2024. This investment marks a significant increase from $589 million in 2023, representing a fivefold growth. The data highlights India’s dominant position among top investors in the emirate, followed by the United States, France, and the United...
The UAE Cabinet has officially approved the National Investment Strategy 2031, aiming to transform the country into a leading global strategic investment hub. This initiative targets an increase in annual foreign investment inflows from AED 112 billion in 2023 to AED 240 billion by 2031. According to WAM, during the meeting chaired by His Highness...
The United Arab Emirates has set a target to boost its annual foreign direct investment inflows to 240 billion dirham, which is approximately $65.35 billion, by the year 2031. This announcement was made by Dubai’s ruler, Sheikh Mohammed bin Rashid al-Maktoum, in a recent post on X. In 2023, the UAE recorded foreign direct investment...
Arada Developments, a property firm co-founded by Sheikh Sultan bin Ahmed Al Qasimi of Sharjah and Prince Khaled bin Alwaleed bin Talal of Saudi Arabia, has awarded a contract worth 604 million dirhams (approximately $164 million) for the construction of the first phase of a business district in Sharjah. This initiative reflects a growing interest...
Arada Developments, a property firm established by Sheikh Sultan bin Ahmed Al Qasimi of Sharjah and Prince Khaled bin Alwaleed bin Talal, has awarded a contract worth 604 million dirhams (approximately $164 million) for the construction of the first phase of a new business district in Sharjah. This initiative highlights the growing demand for office...
A new alliance formed by 41 Egyptian private companies is set to enhance exports to Arab countries, aiming to support economic growth in the region. The establishment of the Arab Alliance for Industrial Investment is anticipated to be finalized next week, according to Mohamed El-Bahi, a board member of the Federation of Egyptian Industries. This...
In February 2025, foreign inflows into the Gulf Cooperation Council (GCC) equity markets reached a significant net inflow of $2.47 billion. This figure represents a substantial increase from the $939 million recorded in January. The latest report highlights the UAE’s leadership in this surge, accounting for the entirety of the inflows. Saudi Arabia followed the...
The MENA region experienced a significant increase in merger and acquisition (M&A) activity in 2024, with a total of 701 deals valued at $92.3 billion. This marks a 3% rise in deal count compared to 679 deals in 2023, while the total deal value has increased by 7% from the previous year. The Gulf Cooperation...
Oman’s economy demonstrated steady growth in 2024, primarily fueled by a robust performance in non-oil activities, according to the Ministry of Economy’s latest Economics Brief. Despite a decline in oil sector revenues and foreign direct investment (FDI) flows, the country’s gross domestic product (GDP) at constant prices reached RO 28.15 billion by the end of...
Egypt-based fintech company MNT-Halan has announced its expansion into the UAE, marking a significant growth phase for the unicorn startup. Co-founder Mounir Nakhla emphasizes that the company has only begun to tap into its full potential, highlighting the mission to redefine financial access for millions. Founded in 2018, MNT-Halan originally launched as a ride-hailing platform....