UAE’s real GDP increases by 3.8% during first nine months of 2024
Dubai, UAE -- The UAE’s real GDP increased by 3.8 percent during the first nine months of 2024 compared to the same period in 2023, reaching AED 1.322 trillion. This growth was driven by a strong expansion in non-oil sectors, which grew by 4.5 percent to AED 987 billion, reflecting...
Saudi car rental firm posts 40% growth in 2020
Vehicle rental market in the country is forecast to grow 7.5 percent until 2026
New business licenses record 19 percent growth
The Business Registration and Licensing (BRL) sector of Dubai Economy reports that 15,475 new licenses have been issued during the first quarter of 2021, a growth of 19 percent compared to Q1 2020, when 13,027 licenses were issued. This highlights the resilience of the business environment of Dubai and the...
Saudi Arabia’s used car market shows signs of recovery
Ken Research study says oil-rich kingdom's used car market is growing again after a decline in growth in 2016. The market is expected to grow at a CAGR of 4.5% The used car market in Saudi Arabia has rebounded with a reasonable growth in sales of cars, after the market...
SMEs in Dubai will be encouraged to bid for govt tenders
*Dubai finance ministry and Dubai SME sign MoU * SME owners will be encouraged to register in the ministry's Federal Supplier Register Dubai’s Ministry of Finance recently signed a Memorandum of Understanding with Dubai SME to support the business sector and advance comprehensive and sustainable development in the country. Under...
MENA: Saudi Arabia was top FDI destination in 2020
Saudi Arabia received $10.4 billion in investment FDI projects in the kingdom fell by 49 percent to 73 Amid all the doom and gloom brought on by the outbreak of coronavirus that badly hit the economies around the world, Saudi Arabia received a big boost to its economy last year...
Renewables grew fastest in two decades in 2020: IEA
IEA has said renewable sources of energy grew at their fastest clip in 2020 in this millennium The world added enough infrastructure to produce 280 GW of energy via renewable sources in the year gone by Wind, solar and other renewable sources of electricity showed in 2020 their fastest...
