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Bayt.com
MENA jobs: Men more likely than women to switch roles, despite higher chance of bonuses and salary satisfaction
MENA salary survey identifies job trends and expectations for workers in the region
FDI
UAE reviews major 2024 achievements: Foreign trade tops $762.3bn, 150m airport passengers, 80% of laws updated, FDI over $35bn
UAE Cabinet reflects ‘most remarkable economic and developmental year in the nation’s history’
Abha
Qatar Airways expands Saudi network to 11 destinations with new Abha flights
Qatar Airways resumes flights to Abha International Airport as it takes Saudi network to 11 destinations
Abu Dhabi Department of Economic Development (ADDED)
Abu Dhabi GDP up 4.5% to a record $82bn in Q3 2024
Abu Dhabi’s GDP reached a quarterly record in Q3 2024
Abu Dhabi Global Market (ADGM)
ADGM slashes fees for commercial licences in 2025
ADGM in Abu Dhabi introduces new fee structure for commercial licences
Qatar
Qatar trade balance dips to $15.8bn in Q3 2024
Qatar’s total exports in Q3 2024 amounted to $24.2bn
Dubai real estate
Dubai real estate sets $142bn transaction record in 2024 and best performing areas can now be revealed
Dubai real estate sector sets records for volume and value in 2024 with more properties sold for more money and at higher prices
Dubai Land Department
Dubai launches 2025 rental index, building ratings to impact rent increases
Dubai Land Department launches Smart Rental Index
GaStat
Saudi business sector operating revenues hit $1.4tn
Saudi Arabia’s business sector recorded $145.1bn in employee compensation in 2023
Aviation
Dubai Aerospace Enterprise acquired 83 aircraft last year, sold 68
Dubai Aerospace Enterprise announces performance highlights for 2024
Ministry of Human Resources and Social Development
Saudi Arabia’s Payroll Management System safeguards over $9bn of wages every month
Saudi protects private sector wages with Payroll Management System
Aviation
Emirates launches new flights from Dubai to Colombo
Emirates boosts UAE to Sri Lanka flights with updated schedule
Oman
Oman announces over 1,150 retail job opportunities
Oman has 1,157 retail job and training opportunities
fireworks
Ras Al Khaimah rings in 2025 with record-breaking New Year’s Eve drones, fireworks display
Dubbed “Our Story in the Sky”, the show celebrated Ras Al Khaimah’s natural and cultural heritage
ADX
UAE stock markets post robust market cap growth in 2024
UAE stock market growth driven by a robust economy, foreign investments, and IPOs in 2024
Dubai housing market to see price rise moderation in 2025; 5-10% price rise projected
Dubai’s property market is expected to witness supply constraints in some key areas, though developers are ramping up construction efforts to meet the rising demand
Red Sea
Saudi Red Sea Authority issues 12 licences to boost marine tourism
Saudi Red Sea Authority boosts coastal tourism with licences for cruise ship operators and marina construction
Ministry of Education
UAE announces changes to university admissions
UAE Ministry of Higher Education and Scientific Research gives higher education institutions more control over admissions guidelines
GaStat
Saudi non-profit sector rises to $14.5bn
Saudi non-profit sector witnessed growth of 33 per cent last year
domestic labour
Saudi Arabia announces major labour rule change
Saudi Arabia is safeguarding the rights of more than 3.7m domestic workers with insurance rules
qatar tourism
Qatar welcomes 5m tourists in 2024
Qatar Tourism reports major increase in visitor numbers across 2024
Abu Dhabi Film Commission
Abu Dhabi lures film and TV productions with 50% cashback offer
Abu Dhabi will support international and local TV and film production companies with major incentives
saudi tax
Saudi Arabia extends tax fine exemption for 6 months
Saudi tax authority extends exemption on fines until June 30, 2025
Abu Dhabi
Abu Dhabi announces free parking and road tolls for January 1
Abu Dhabi announces free parking, toll-free roads and public transport timings for New Year’s Day
Ministry of Economy
UAE economy climbs 3.6% as GDP hits $239.5bn in H1; transport, finance and construction lead charge
UAE economy witnesses notable growth in first half of the year as transport, finance and construction thrive
ADNOC
ADNOC to deliver $54bn boost to UAE economy over 5 years with In-Country Value scheme
ADNOC will support the UAE economy by encouraging investments through In-Country Value programme
Abu Dhabi Airports
UAE aviation booming with 150m passengers at airports in 2024, airline growth and $35bn at Al Maktoum International announcement
UAE aviation sector sees continued growth in 2024 as airports expand and airlines grow
Saudi Hospitality
Saudi issues hospitality licence warning with fines of $267,000 for rulebreakers
Saudi Arabia underlines of importance of hospitality licences for tourism venues
Dubai Land Department
Dubai real estate sector recorded $6bn of transactions last week, including $3.4bn of mortgages
The Dubai real estate sector saw $3.4bn of mortgages transactions and 3,345 sales
Emiratisation
UAE industrial sector boom sees $56bn GDP boost and massive investment surge
UAE industry and advanced technology sector is thriving
border regulations
Saudi Arabia arrested over 23,100 last week in residency and labour operations
Saudi Arabia announces more than 23,100 arrests in a single week as it clamps down on residency, labour and security breaches
The UAE Lottery
UAE Lottery results: Check winning numbers for $27m grand prize draw
Check your tickets to see if you have won $27m grand prize in the UAE Lottery
Cristiano Ronaldo
Globe Soccer Dubai Awards 2024: Cristiano Ronaldo, Lamine Yamal, Neymar and more celebrated
Cristiano Ronaldo and Lamine Yamal triumph at Globe Soccer Dubai Awards 2024
e-visa
Thailand announces new visa rules for UAE residents
UAE residents will be offered e-visas when travelling to Thailand from January 1, 2025.
Makkah
Saudi real estate developer ROSHN breaks ground on 33,000-home ALMANAR community in Makkah
ROSHN holds ground-breaking ceremony at ALMANAR residential community in Makkah, Saudi Arabia
Abu Dhabi
UAE petrol prices to change for January 2025
UAE petrol prices increased last month following a reduction the month before and will change again this week
Dubai Government Human Resources Department (DGHR).
Dubai announces holiday for January 1, 2025
The Dubai Government has announced a holiday to start the new year
fintech
Qi, in partnership with Ant International, launches SuperQi, the lifestyle super app
Developed in collaboration with Ant International and powered by Alipay+ Wallet Tech solutions, SuperQi introduces a transformative digital ecosystem
Gaming
NEOM boosts Saudi gaming sector with publishing network
Saudi Arabia’s developing gaming industry will be supported by investments from NEOM Media’s Gaming Publishing Partner Network
Corporate tax
UAE salaries to fall; Corporate Tax changes; Top Dubai real estate areas; Drone deliveries launched – 10 things you missed this week
UAE and Saudi salary updates, Dubai real estate analysis, Corporate Tax changes, major health insurance update and more top stories this week
Ministry of Human Resources and Emiratisation (MoHRE)
UAE announces private sector holiday
UAE confirms paid holiday for public and private sectors
Dubai Industrial City
Elite Group to open $27m facility in Dubai Industrial City
Elite Group will invest in automotive and e-commerce sectors with Dubai Industrial City project
Ministry of Finance
UAE raises up to $3bn a year through indirect taxes
UAE given significant economic boost from indirect taxes
Capital Markets
GCC debt capital markets to hit $1tn
Fitch Ratings expects debt capital markets in the GCC to grow in 2025
Public holiday
UAE announces public sector holiday for January 1
UAE declares public sector holiday for New Year
Abu Dhabi Department of Culture and Tourism
Abu Dhabi partners with Trip.com to boost tourism
Trip.com supports Abu Dhabi tourism efforts
ADNOC
ADNOC L&S adds 20 offshore assets as 9-month revenues climb to $1.67bn
ADNOC L&S has seen significant growth in 2024 as it added to offshore asset
Abu Dhabi
Abu Dhabi to cover all death-related fees and repatriation costs for expats
Abu Dhabi has expanded a compassionate service to cover the costs of death-related services and repatriation for expats
Saudi Ministry of Human Resources and Social Development
Over half the workforce fear their job skills will be obsolete this decade
Lack of time, financial constraints, and current educational system are three main barriers that hinder upskilling of workforce
Dubai Hills Estate
Massive 9-bedroom Dubai villa sold for $54.5m on ‘Street of Dreams’
Dubai Sotheby’s International Realty announces record sale in exclusive neighbourhood
Dubai real estate
Dubai real estate: ZāZEN Properties to launch new 105-home tower
ZāZEN Properties to launch The Hub Residences in Al Furjan, Dubai
Abu Dhabi Airports
Zayed International Airport in Abu Dhabi celebrates 1-year anniversary amid growth and excellence
Zayed International Airport in Abu Dhabi has been recognised as the fastest-growing airport in the Middle East
Dubai Media Council
Dubai announces new media laws
Dubai expands powers of Media Council as it looks to boost film and games industries in the city