UAE Economy News – Growth, Reports & Sector Insights

Will UAE, Saudi employees take salary cuts for AI?

Oliver Wyman study finds UAE, Saudi employees more 'pragmatic' on AI at work

2m read

Skilled professionals in the UAE and Saudi Arabia seem to be much more pragmatic on adopting AI in workplaces.

For most Dubai tenants, rent renewals are still cheaper

June, July see spike in lease renewals at Dubai residential hubs, except Business Bay

Whether it's Downtown Dubai or Dubai Marina, most tenants feel they are better off renewing leases than seek a new place.

UAE's Mubadala adds more funds to top healthcare asset

Mubadala made its first investment in PCI Pharma Services in 2020

For Mubadala, healthcare focused investments have been a major part of their fund portfolio. And within that, PCI Pharma Services has been a top performer.

Mubadala part of Dh29b deal to buy German firm

Germany's Techem offers energy efficient solutions for real estate sector

Mubadala is part of a consortium planning to buy Techem.

UAE expats needn't worry about a remittance fee hike

'Upping remittance charges now risks losing clients' says Joy Alukkas

It was May 2024 that the last major remittance fee hike came into effect in UAE.

Dubai issues 'HIN' rule for licensing marine vessels

Hull identification tag a must for vessel registration, licensing

All marine vessels operating in Dubai must display their Hull Identification Number prominently.

Majid Al Futtaim expands Board of Directors

One of the appointees, Zein Abdulla, was formerly with PepsiCo

Majid Al Futtaim operates some of the biggest malls and retail destinations in the UAE and wider Middle East.

Planning UAE Golden Visa? Go only for official channels

Sudden online spike about UAE Golden Visas talks about 'lower' investments

For UAE Golden Visas, the only channels that matter are the official ones.

UAE businesses see orders drop over Israel-Iran crisis

Businesses will look to speedy recovery on orders after ceasefire deal

With the summer shopping promotions and travel season on, UAE businesses will be hoping to see some spending increase come through in the next few weeks.

As dollar drops, what should UAE investors do?

Asian markets offer options for if dollar weakness persists, says Standard Chartered

The dollar's been having a sharp drop off in recent days. It's hurt UAE based remitters - and it's also time for investors to take a closer look.

UAE investors can use 'robo-advisors' for stock picks

Securities & Commodities Authority issues rule on robo-advisory services

It's all in the algorithms. That's what robo-advisors on stock and asset trading platforms offer to their clients.

National Bonds' new app scores a hit with investors

It's been 3 months since National Bonds brought out reworked app

The reworked National Bonds' app has brought in new customers and those signing up for fixed-term savings plans.

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