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Dubai goes the Monaco way

Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Mubadala acquires stakes from GHH

It acquired an 80 percent stake in Global Medical Supply Chain.

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.
Strong demand spurs Dubai’s realty growth

Strong demand spurs Dubai’s realty growth

A strong recovery from the pandemic and strong demand for sustainable residential units may help Dubai's realty rise in 2022 and the following years.

The market performed well in 2021, with average home prices and rents increasing by 9.3 percent and 8.3 percent, respectively. Last year’s price growth was also the highest since January 2015.

Dubai’s luxury retail on the rebound

Dubai’s luxury retail on the rebound

The luxury goods sector was one of the hardest hit by Covid-19, but with a 4.5 percent rise in consumer expenditure in  2021, the sector is on the rebound.

The government initiatives make the emirate a safe refuge for both inhabitants and tourists which has fuelled consumer activity. Expat-friendly laws have brighten up the prospects for growth in luxury retail sector.

Emirate attracts expats and HNWIs alike

Emirate attracts expats and HNWIs alike

Dubai has become the Middle East region's most happening place and an important destination for foreign investment and high net worth individuals.

World-class infrastructure, successful pandemic response and visa and labor reforms have made the city an ideal destination for expats. Also, the UAE’s stable economy persuades foreigners to make Dubai their second home.

Dubai’s hi-tech vision dazzles investors

Dubai’s hi-tech vision dazzles investors

Dubai, a leading center for innovation and business models, has found a place in that small, exclusive club of cities with the highest FDI, technology transfer in startups, AI, and robotics sectors.

Dubai is developing an environment that encourages firms from all industries to innovate. Already, the UAE is home to one-third of fintech startups in the Middle East and North Africa. Moreover, as the region’s leading financial hub, Dubai offers financial solutions to over one billion customers throughout the Middle East, Africa, and South Asia (MEASA)…

Dubai: Monaco of the region with a difference

Dubai: Monaco of the region with a difference

Dubai witnessed a 100 percent increase in tourist arrivals in January 2022 and hotel occupancy also climbed by nearly 15 percent, reinforcing the emirate’s image as the tourism hub of the Middle East.

The final quarter of 2021 provided a major boost to Dubai hotel results, with properties surpassing even 2019 figures across all major KPIs. Occupied room nights in the quarter hit 10.1 million, up 12 percent from 9 million in 2019. Length of stay increased from 3.5 nights to 4.5, a 20 percent increase and ADR increased…

Not just business hub, Dubai is music, food destination too

Not just business hub, Dubai is music, food destination too

While Dubai is well-known worldwide as a fantastic business destination, it is also developing a reputation as a vibrant cultural and entertainment center.

The locals, residents, and visitors have once again started flocking to museums, historical and heritage sites, and public libraries, according to DCAA data. Trips to these locations totaled 521,753 during 2021, with heritage sites accounting for half of those visits, followed by libraries at 39 percent and museums at 11 percent.