Tag: Economy

UAE strengthens its lead in venture capital investment

With $190M raised in Q1 2025, the UAE leads MENA in venture capital growth, backed by sovereign funds, fintech dominance, and strategic economic reforms supporting innovation.

Abu Dhabi sets the tone for the market

Abu Dhabi hosts Goldman Sachs summit as hedge funds flock to Al Maryah Island, signaling its rise as a global capital hub with $1.7T in sovereign wealth and long-term cultural investments.

UAE accelerates access to AI chips

The UAE deepens ties with the U.S. to secure advanced semiconductor access, pledging $1.4 trillion in tech investments and positioning itself as a future AI leader in the Middle East.

UAE Gasoline Prices: What’s in Store for Consumers?

Fuel prices in the UAE rose in February amid market uncertainty; experts warn of further hikes due to global oil tensions, sanctions, and supply disruptions.

UAE Vice President Names 3 Best and Worst

Sheikh Mohammed bin Rashid names the UAE’s best and worst-performing ministries in reducing bureaucracy, praising Justice and Foreign Affairs, while calling for urgent reform in underperforming departments.

Fujairah increases salaries for civil servants

Fujairah boosts public sector pay by 20% starting February 1, reflecting the UAE’s wider salary growth trend driven by tech innovation and strategic economic development.

UAE releases fuel prices for February 2025

UAE increases petrol and diesel prices by up to 14 fils per liter in February 2025, following global oil market trends and monthly pricing policy.

Abu Dhabi’s MGX funds Trump’s $100 Billion AI Plan

UAE’s MGX, led by Sheikh Tahnoun, joins OpenAI, SoftBank, and Oracle in Trump’s AI plan, reinforcing Abu Dhabi’s push for global artificial intelligence dominance.

Oracle to fivefold increase investment in Abu Dhabi on AI

Oracle plans a fivefold increase in investment in Abu Dhabi to meet rising AI and cloud demand, as global tech firms expand their presence in the Middle East.

President Sheikh Mohamed meets Kurdistan Prime Minister

UAE President Sheikh Mohamed and Kurdistan PM Masrour Barzani discuss regional developments and enhanced cooperation in key sectors during talks in Abu Dhabi.

UAE salaries to rise in 2025

Three-quarters of UAE employers plan salary increases in 2025 amid strong hiring and AI adoption, with rising competition for Emirati talent and long-term workforce investment.

UAE non-oil business activity growth picks up in December 2024

The UAE’s non-oil private sector expanded at its fastest pace in nine months, with rising demand and business activity driving a PMI increase to 55.4.

UAE stock market capitalization grows 7.14% in 2024

Dubai and Abu Dhabi’s stock markets saw a 7.14% increase in 2024, driven by IPOs, foreign investment, and a strong economic outlook for 2025.

Business