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 Petrol Prices Announced for January 2025

Petrol and diesel prices in the UAE stay at December 2024 levels in January 2025. The move signals continued market stability after a year of volatility.

Dubai Metro Blue Line to start operations in 2029

Dubai awards AED 20.5B Blue Line contract to MAPA, LIMAK, CRRC; 14 stations to boost mobility, cut emissions and start operations by September 2029.

Dubai’s Mashreq Metro Station Renamed InsuranceMarket

RTA renames Mashreq Metro Station to InsuranceMarket Metro Station in a 10-year public-private partnership, enhancing branding opportunities and economic collaboration in Dubai.

Primark could soon open stores in the UAE

Alshaya Group announces strategic partnership with Primark to explore store openings in the UAE, bringing affordable fashion to the GCC region.

Business