EconomyFeaturedDubai’s non-oil PMI touches new peak as country’s economic diversification acceleratesIFM CorrespondentMarch 25, 2024March 25, 2024 by IFM CorrespondentMarch 25, 2024March 25, 2024 Dubai's PMI was 56.6 in January 2024 as opposed to 57.7 in December and 56.8 in November 2023... Read more
EconomyFeaturedDubai’s inflation moderates to 4.27%IFM CorrespondentNovember 29, 2023November 28, 2023 by IFM CorrespondentNovember 29, 2023November 28, 2023 The 2.67% increase in restaurant and hotel service costs was the reason given for the monthly increase in inflation in Dubai... Read more
FeaturedTechnologyDubai Economy and DIFC sign agreement to expand UAE KYC Blockchain ConsortiumPritam BordoloiApril 7, 2021 by Pritam BordoloiApril 7, 2021 The agreement positions the consortium as the national corporate eKYC platform... Read more
FeaturedTechnologyDubai Economy and Emirates NBD to launch KYC blockchain platformPritam BordoloiJuly 29, 2020 by Pritam BordoloiJuly 29, 2020 The platform will facilitate secure digital customer onboarding and also instant bank account functionality... Read more
EconomyFeaturedDubai’s GDP declines 3.5% in first quarter year-on-yearPritam BordoloiJuly 1, 2020 by Pritam BordoloiJuly 1, 2020 Real estate activity registered a growth of 3.7% in Q1 2020... Read more
EconomyFeaturedStudy shows 75% of consumers positive about Dubai economyInternational FinanceJanuary 28, 2020March 18, 2020 by International FinanceJanuary 28, 2020March 18, 2020 Government initiatives coupled with reforms have improved employment and personal finances in the emirate... Read more
Real EstateDubai to streamline real estate development over 10 yearsInternational Finance DeskSeptember 3, 2019December 23, 2019 by International Finance DeskSeptember 3, 2019December 23, 2019 The new committee aims to regulate real estate projects — and promote uniqueness in the sector... Read more
EconomyTechnologyTransportDubai to switch to 25% autonomous vehicles by 2030 in new strategyInternational Finance DeskApril 25, 2019November 13, 2019 by International Finance DeskApril 25, 2019November 13, 2019 The Dubai autonomous vehicle strategy will drive Dh22 billion in annual savings... Read more
EconomyDubai GDP to grow 2.4% in 2019; 59% firms optimistic of growthInternational Finance DeskApril 22, 2019 by International Finance DeskApril 22, 2019 Activities around Expo 2020 will increase GDP growth to 3.8% in 2020... Read more
EconomyDubai’s non-oil segment notes an economic upturn, says Emirates NBDInternational Finance DeskMarch 12, 2018February 27, 2020 by International Finance DeskMarch 12, 2018February 27, 2020 Non-oil private sectors such as wholesale and retail have shown positive results in performance growth last month... Read more