Abu Dhabi has officially launched a dedicated cluster aimed at advancing health, endurance, longevity, and medicine. This initiative is expected to create 30 000 new jobs by the year 2045, positioning the emirate as a global leader in the life sciences sector. The new cluster is part of Abu Dhabi’s broader strategy to enhance its...
Finsmeira has announced a significant investment of 859 million dirhams to establish a series of retail jewelry stores and advanced manufacturing units in the UAE and India. This initiative is set to unfold over the next two years and represents a substantial expansion for the company, particularly in the UAE. Finsmeira plans to open main...
Abu Dhabi’s Modon Holding has partnered with Egypt’s Elsewedy Industrial Development to develop a new industrial zone at Ras El Hekma, which is expected to generate 20,000 new jobs. This collaboration was formalized through a letter of intent (LOI) aimed at building and operating the industrial zone that will support the larger Ras El Hekma...
Gushcloud International has announced plans to establish its regional headquarters for Europe, the Middle East, and Africa (EMEA) and India in Abu Dhabi. This strategic move follows a multi-year partnership with the Abu Dhabi Investment Office (ADIO) aimed at enhancing the emirate’s rapidly growing digital creator economy. The establishment of Gushcloud’s headquarters is expected to...
Dubai has earned the title of the world’s top destination for Greenfield Foreign Direct Investment (FDI) projects for the fourth consecutive year. In 2024, the emirate attracted an estimated AED52.3 billion ($14.24 billion) in FDI capital, reflecting a significant 33.2% increase from AED39.26 billion ($10.69 billion) in 2023. This marks the highest FDI value recorded...
According to WAM, the UAE has been recognized as the top destination in the Arab world for investment and business in the automotive sales sector for 2024, according to the Arab Investment and Export Credit Guarantee Corporation (Dhaman). This finding was part of Dhaman’s fourth sectoral report for 2024, which highlights the significant investment activity...
The Gulf Cooperation Council (GCC) is strategically harnessing the rising global demand for sustainable finance to diversify its economies and advance towards net-zero goals. A new report by KPMG Lower Gulf and First Abu Dhabi Bank (FAB) highlights the critical role that sustainable finance plays in fostering economic growth, job creation, and diversification throughout the...