Abu Dhabi ADGM reports 32% rise in company registrations
Abu Dhabi’s financial hub ADGM saw a 32% surge in company registrations in 2024, driven by growing private equity ties and a threefold increase in assets under management.
21 billionaires living in Dubai and 24 billionaires reside in the UAE
Dubai ranks 28th among cities with the most billionaires, hosting 21, while the UAE ranks 22nd among countries with 24 billionaires, according to the 2024 Hurun Global Rich List.
UAE signs five deals worth $1.58 billion at IDEX 2025
The UAE secured five military contracts at Idex 2025, including major deals with local firms, as it strengthens its defense sector and economic diversification.
DIFC revenues rise 37 percent to record $484 million
Dubai International Financial Centre reported record revenue growth, expanding its financial and AI sectors while attracting global firms to its thriving business hub.
At IDEX 2025 a Qatari defense company signed its first agreement with an Emirati company
Barzan Holdings and UAE’s EDGE signed a defense cooperation agreement at IDEX 2025 in Abu Dhabi, marking a new era of military collaboration between the nations.
Gulf markets fall on US tariff concerns
Major Gulf stock markets fell as uncertainty over US President Trump’s tariff policies unsettled investors, impacting key indexes in Dubai, Abu Dhabi, and Qatar.
Dubai developers reap big profits from homebuyers
Dubai’s luxury property market surged in 2024, with developers like Emaar and Binghatti doubling profits as expat demand and foreign investment drive growth.
UAE and Ukraine sign economic partnership agreement
The UAE and Ukraine signed a Comprehensive Economic Partnership Agreement, strengthening trade ties with duty-free access and boosting economic cooperation.
UAE IT firm Alpha Data to hold IPO in Abu Dhabi
Alpha Data plans a 40% stake sale in its Abu Dhabi IPO, aiming to raise $200 million as Middle East listings gain momentum.
PIMCO opens Dubai Office: asset managers for investors in the region
PIMCO opens Dubai office to expand investment services in the Middle East