Economy & Trade

UAE-India CEPA, in Effect Since 2022, Touted a Success Story

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The UAE-India CEPA trade agreement marked two years since its implementation from May 1, 2022. We discuss how bilateral ties have progressed.

Dubai Attracts 9 Technology Multinational Firms, Fueling its Digital Economy

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The Dubai Assets Law and the Business in Dubai platform are among key initiatives in the emirate that aim to attract high-quality technology investors, fintech firms, startups, and digital innovators.

Spinneys and LuLu’s Public Offerings Pave the Way for Family-Owned Businesses

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Public offerings from Spinneys and LuLu Group are being hailed as game changers for the UAE market. Traditionally, IPOs in the UAE have been dominated by government utilities and private corporations.

Over 15,000 Indian Companies Joined Dubai Chamber of Commerce in 2023

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In 2023, 15,481 Indian enterprises joined the Dubai Chamber of Commerce, indicative of the UAE market’s appeal among global investors.

Understanding the Dubai Unified Licence: Scope and Benefits

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The Dubai Unified Licence (DUL) is issued to existing and newly established businesses operating with either a mainland or a free zone licence.

Unveiling Opportunities: The United Arab Emirates Emerges as a Prime Destination for Entrepreneurs

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The UAE’s tax and regulatory environment and lifestyle indices has ranked it as a prime destination globally for entrepreneurs to launch a startup business in 2024 per a new report.

Saudi Arabia Gives Status Update on NEOM Projects, Downsizes Area Under ‘The Line’ to 2.4KM

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NEOM, Saudi Arabia’s urban megaproject, has revised its development plans for its futuristic city, ‘The Line’ amidst funding challenges. However, the kingdom remains focused on executing other development projects under NEOM, and shared key targets and timelines.

Non-Oil Sector Driving Bahrain’s GDP Growth: Data Released for 2023

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Key non-oil sectors such as hospitality, financial services, construction, transportation, and communication are driving GDP growth in Bahrain.

Oman-India FTA Negotiations Reportedly Conclude, But Indian Elections Will Delay Implementation

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Oman-India CEPA negotiations have reportedly concluded but the trade deal now has to wait for the Indian elections over the summer and a new central government to be formed in New Delhi.

Investopia 2024 Launches “Next50” Initiative to Support Innovative Companies in the UAE

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On April 1, 2024, Investopia UAE launched its new “Next50” initiative, in collaboration with the emerging market research center EMIR.

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