UAE’s automotive aftermarket to hit USD 1.9 billion by 2028: Report
Growing car ownership, technological developments, and strong regional demand for auto parts and services were all contributing to the UAE's projected significant growth...
Tag : UAE
Sudan scraps USD 6 billion UAE port deal, citing Gulf country’s RSF support
by WebAdmin
The UAE is dependent on imported food, and has reportedly invested heavily in agricultural land in Sudan...
S&P, FTSE reports bring cheers for UAE as Islamic Finance witnesses further growth
Dr. Mohamed Damak stated that S&P expects the Islamic Finance sector to grow at a high single-digit rate through 2024 and 2025, fuelled by financing needs in key countries...
UAE retail giant Lulu sets IPO price range amid Vietnam expansion prospects
Lulu, as of October 2024, has an extensive supermarket chain network in over 23 countries, including the Middle East, Asia, and Europe...
Microsoft, partners to generate USD 74 billion for UAE economy, says IDC analysis
Microsoft’s dedication to fostering local business growth and advancing the UAE’s aspirations to become a global technology hub was also underscored by the study...
United Arab Emirates: FTA postpones deadlines for corporate tax return filing
According to the FTA's decision, taxable individuals having a short tax period that ends on or before February 29, 2024, have until that date to file their corporate tax return moved to December 31, 2024...
Post G42 investment, Microsoft to set up AI development centre in Abu Dhabi
Microsoft and G42 announced that they would establish two centres in Abu Dhabi to work on responsible artificial intelligence initiatives...
UAE mandates private firms to reserve board seats for women
by WebAdmin
The UAE government portal states that women are disproportionately represented in the labour market, in specialised professions, and in emerging fields...
If oil stabilises below USD 70, what will it mean for Gulf markets?
Because oil is a significant export, there is still some correlation between oil prices and stock markets in the Gulf region...
Most Gulf-based business leaders confident of growth despite challenges
Most Gulf decision-makers are optimistic about the region's long-term prospects and believe it will establish itself as a significant hub for international business within the next 25 years...