In a bold stride towards accelerating the UAE’s innovation agenda, the Ministry of Finance has officially inaugurated the new headquarters of the Mohammed Bin Rashid Innovation Fund (MBRIF) at One Central in the Dubai World Trade Centre. This strategic move represents more than the opening of a physical space—it marks
The UAE’s transition into a corporate tax environment marked a significant shift in how businesses operate. With the introduction of a federal corporate tax regime, companies and taxable individuals were given clear deadlines to register. Failure to do so came with consequences chief among them being a fixed AED 10,000
GCC wealth management is undergoing a profound transformation as investors demand greater personalization, advanced technology integration, and transparency from their financial service providers. According to the 2025 EY Global Wealth Research Report, 55% of GCC investors have increased their engagement with advisors amid market volatility significantly above global averages. Clients
In an era marked by uncertainty and shifting economic tides, UAE businesses are demonstrating remarkable resilience and optimism about international trade prospects. According to HSBC’s insightful 2025 Global Trade Pulse Survey, a striking 94% of UAE companies foresee significant growth in cross-border trade, highlighting their robust confidence despite ongoing tariff-related
Recent data has highlighted a notable slowdown in the growth of the UAE’s non-oil private sector, dropping to its lowest point in four years. According to the latest S&P Global Purchasing Managers’ Index (PMI), the growth index dipped to 53.3 in May from April’s 54.0—marking a 44-month low. Despite this,
Dubai continues to solidify its reputation as the premier global hotspot for foreign direct investment (FDI) in the cultural and creative industries. According to the Financial Times’ fDi Markets rankings for 2024, Dubai has secured the top position for the third consecutive year, outperforming iconic global cities such as London,
As part of its Vision 2030 strategy, Saudi Arabia is channeling about $800 billion into tourism development. At Arabian Travel Market (ATM) 2025 in Dubai, the Saudi Tourism Authority (STA) put that bold plan into action. Over the four-day event, STA signed 14 memoranda of understanding (MoUs) with global travel
Saudi Arabia has launched a new campaign to lure foreign professionals and businesses into its Special Economic Zones (SEZs). Announced on April 17, 2025, the package offers a broad array of incentives and regulatory perks aimed at boosting the Kingdom’s investment appeal. Key benefits include generous tax and customs exemptions
Saudi Arabia’s space sector is taking off. In 2024 the country’s space economy – covering everything from satellite communications to launch services – reached $8.7 billion. That surge comes as Saudi leadership makes space and technology a key part of Vision 2030. Strong government support and fresh investments mean the space