UAE economy to grow by 5% in 2024, says S&P Global
The UAE’s gross domestic product (GDP) is projected to grow by 5 per cent in 2024, exceeding the 2.8 per cent growth forecast for the global economy, according to S&P Global estimates. “While the global economy remained subdued operating at subpar growth levels, we estimate that UAE GDP expanded at more than 3 per cent in 2023, […]
9th Dubai International Project Management Forum to be held on 15-18 Jan
The 9th edition of the Dubai International Project Management Forum (DIPMF), an informative platform to discuss the development in project management practices, will take place from 15-18 January 2024 at Madinat Jumeirah. Over the course of four inspiring days, an international community of over 2000 Project Managers will converge in the iconic city of Dubai, […]
Silicon Technology Company unveils its B2B supplier growth portal in Dubai
Silicon Technology Company (STCO), a pioneering player in the technology sector, has launched its cutting-edge Business-to-Business (B2B) supplier growth portal, SupplierValley.com. The company has strategically chosen the dynamic Meydan Freezone in Dubai as its operational hub, underscoring its commitment to innovation and business growth in the heart of the Middle East and North Africa (MENA) […]
UAE inks deal with Kazakhstan for investment cooperation
The UAE Ministry of Investment has signed a Memorandum of Understanding (MoU) with the Ministry of Digital Development, Innovations, and Aerospace Industry of the Republic of Kazakhstan and the Sovereign Wealth Fund Samruk-Kazyna. This strategic agreement aims to create a framework for investment cooperation in data center and artificial intelligence (AI) projects in Kazakhstan. According […]
ADQ & ADNEC Group to acquire 40.5% stake in Egypt’s ICON Group
ADQ, an Abu Dhabi-based investment and holding company, and ADNEC Group have signed definitive agreements for the strategic acquisition of a 40.5 percent stake in Egypt-based Talaat Moustafa Group Holding’s hospitality arm, ICON Group through a capital increase. ADQ and ADNEC will invest through a special purpose vehicle, with 49 percent equity ownership by ADQ […]
DEWA records 25% growth in digital transactions in 2023
Dubai Electricity and Water Authority (DEWA) has announced that its customers conducted around 12.5 million digital transactions in 2023, compared to around 10 million digital transactions in 2022, an increase of about 25 percent. This reflects DEWA’s leading role in supporting the wise leadership’s vision to make Dubai the smartest and happiest city in the […]
Tawazun Council announces acquisition of TASNEEF
Tawazun Council has acquired the Emirates Classification Society (TASNEEF) and its subsidiaries to enhance the council’s role in developing national defense industries. This strategic move aims to implement its strategy of applying the highest quality standards in the defense and security sectors. Tawazun Council’s acquisition of TASNEEF signifies its commitment to achieving the highest levels […]
UAE’s du selects Nokia to modernize Voice Core Network
du, from Emirates Integrated Telecommunication Company (EITC), has selected Nokia to modernize its Circuit Switched Core network. Under the project, Nokia will expand and modernize the existing IP Multimedia Subsystem (IMS) Voice Core Network in order to extend Voice over Long Term Evolution (VoLTE) services. Once fully deployed, the project will enhance voice quality and […]
Aldar pours $272mn into its logistics real estate business
Aldar Properties, the leading real estate developer, investor, and asset manager in the UAE, has announced a further investment of $272 million to expand its logistics real estate business in Dubai and Abu Dhabi. This new investment includes the acquisition of operational assets as well as the development of ready-to-lease and build-to-suit options in response […]
British Business Group Now British Chamber of Commerce Dubai
The Dubai-based British Business Group of Dubai and Northern Emirates (BBG) marks a significant milestone in its history and future by adopting the name ‘Chamber of Commerce’. This group, recognized by both Dubai Chambers and British Chambers of Commerce, will now be known as the ‘British Chamber of Commerce Dubai’ Representing British businesses in Dubai […]