• UAE cements position as a top global investment hub in 2024

    UAE ascends to 8th on Kearney's 2024 Foreign Direct Investment Confidence Index, affirming its appeal as a prime investment haven,...

    The Foreign Direct Investment Confidence Index,, now in its 26th iteration, continues to be an authoritative forecast of global FDI trends

    The UAE economy has witnessed extraordinary growth across key sectors that have thrived as a direct result of the nation’s diversification policies

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    ‘Saudi Arabia leads its regional peers in construction growth’

    The burgeoning construction sector in Saudi Arabia is fostering the expansion of its talent pool and consolidating its regional leadership,...

    The Red Sea Project, Diriyah Gate, Qiddiya Entertainment City, and NEOM have thrust the kingdom into the global limelight

    NEOM has made waves for its revolutionary take on connectivity infrastructure, innovative city features, and sustainability

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    DWTC welcomes 2.47m visitors in 2023, says EVP

    DUBAI, UAE – Executive Vice President, Dubai World Trade Center (DWTC)  Mahir Julfar said that the DWTC's performance in 2023...

    Over 722,000 were international visitors to various events, showcasing an unparalleled 60 percent growth rate year-on-year.

    Flagship events such as GITEX Global and Gulfood maintained their leadership positions in their respective sectors.

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    Jordanian industrialists call for export diversification

    AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...

    They called for expanding outreach to foreign markets, fostering collaboration between the government and the industrial sector.

    Jordan has taken several measures to stimulate domestic exports, improve market access and maximize the benefits of existing free trade agreements.

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    Dubai, Abu Dhabi real estate market thrives in Q1 2024

    “2024 has opened up to an interesting and promising phase of growth within our sector. As proptech leaders, we can...

    In Abu Dhabi, Q1 2024 recorded 814 residential transactions representing around 38% of the total transactions

    Data from the Dubai Land Department showed a significant surge in total sales transactions in Q1 2024

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    March sees GCC Index drop as heavyweight sectors lag

    GCC equity markets experienced a March downturn, influenced by seasonal selling pressure during Ramadan, leading to a 3.0% drop in...

    The decline was mainly led by seasonal selling pressure during Ramadan as investors booked profits after last month’s healthy gains

    Qatar suffered the steepest fall by 6.0%., Saudi Arabia was next with a slide of 1.8% while Kuwait and Dubai indices fell by 1.5%

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    Abu Dhabi’s private sector grows by over  35 percent in 2023

    ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...

    Al Multaqa Meetings empower Abu Dhabi to accelerate economic growth, by providing a platform to support investment.

    Supported by private sector and family-owned businesses, Abu Dhabi’s non-oil sectors is going from strength to strength.

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    Saudi Arabia offers 50% discount on accumulated traffic fines before April 18

    Riyadh, Saudi Arabia - The Saudi Ministry of Interior has announced a significant measure aimed at reducing the burden of...

    The objective is to incentivize offenders to settle their fines within a six-month window from the commencement of the initiative

    Payment options include either clearing all fines at once or settling each fine individually, provided there are no additional safety-related violations

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    Exports key target of GCC hydrogen strategies

    Clean hydrogen could be bigger than the oil and gas economy for the region, says Jo Bamford, chairman of HYCAP,...

    Bamford told TRENDS that the region is blessed with ample solar and wind resources needed for generating the lowest-cost electricity that is eventually needed to produce hydrogen.

    The emergence of the hydrogen industry in GCC nations promises significant economic opportunities, with projections suggesting a market worth $100 billion by 2030.

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    Saudi Arabia offers 6 mining opportunities for local, international investors

    Riyadh, Saudi Arabia - The Saudi Ministry of Industry and Mineral Resources on Wednesday announced six new mining opportunities for...

    The opportunities are part of the fifth round of mining competitions for exploration licenses and encompass gold, copper, zinc, lead, and silver ores

    Investment opportunities for exploration licenses include Al-Halahila site in the Najran region, estimated to be more than 34 square kilometers in size