UAE Economy News – Growth, Reports & Sector Insights

Wage costs rise at UAE businesses, adding to inflation

UAE hiring activity improves in Aug., but at higher salaries

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Key sectors in the UAE have been adding to their workforces, which means they need to take extra steps to take on cost inflation.

DP World creates 5,000 jobs through $2.5b spend

Dubai company's projects in India, Britain lead in construction-linked jobs

DP World has marked $2.5 billion on capex programmes this year alone.

UAE businesses hit with auditor fee hike on tax returns

Auditor fees rise 10%-20% as UAE companies try to sort out tax returns at last minute

The last minute rush by many UAE companies to prepare their 2024 tax returns is costing them dearly.

Will Trump have to drop US tariffs after Court ruling?

US Supreme Court will now judge whether Trump's sweeping tariffs can stay - or go

A court in the US now calls Trump's move to impose tariffs 'illegal'.

Are you in the 80%? UAE ranks 2nd globally in AI use

UAE employees now see learning AI as being in a 'second job'

AI skills are the in-thing when it comes to getting ahead in jobs. And even when it comes to getting a job.

IndianOil to be ADNOC's biggest LNG client

Deal with IndianOil further firms up ADNOC's 'energy ties with India'

ADNOC has secured multiple supplier contracts with Indian energy companies in the recent past.

Indian businesses speed up UAE launches over US tariffs

Talks are being held by Indian jewellers, food brands with UAE entities for JVs

From the moment the US doubled its tariff hit on India, businesses in India with sizable exports to the US have been looking at shifting or creating production hubs in the UAE.

Al-Futtaim Group becomes Ashok Leyland's Qatar dealer

Hinduja-owned Ashok Leyland' buses are hugely popular in the Gulf

Ashok Leyland has a bus assembling facility in Ras Al Khaimah. Now, with Al-Futtaim Group, it is targeting significant gains in Qatar and Saudi Arabia.

Dubai's one licence scheme for free zones is working

Dubai's new business license scheme to benefit existing and new companies at free zones

Have a warehouse in one free zone and corporate office in another. Dubai's latest business license adds to the options companies can take up to better manage operational costs.

Dubai school's property sale gets Dh453m for Amanat

Deal provides Amanat with net cash return of Dh294m from 7-year investment

The sale of the real estate linked to North London Collegiate School is another big one for Dubai's commercial real estate space.

UAE strengthens public-private framework for growth

New federal law, a project manual, and specialised training programmes to boost investment

UAE unveils new public-private partnership framework to boost economy, attract investment

DP World strikes deal with Japan's Itochu for Africa

DP World has a sizeable presence in Africa, with investments of $3b

DP World will help Itochu through its established presence in Africa.

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