Gulf executives remain optimistic about the economy despite talent shortages, with UAE firms excelling in geopolitical readiness and Saudi Arabia championing ESG initiatives
Business activity
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Business activity
Eurozone business activity hits one-year high in May, led by service sector surge
This, along with a similar trend in the US, is seen as an indication of global economic growth becoming more broad-based
Abu Dhabi
UAE 2023: A year in review
From Beyoncé’s showstopping Atlantis debut and the UAE hosting a historic COP28 to mega-deals like the $136m penthouse, Dubai capped 2023 with a string of milestones cementing its global status
Business activity
India’s services PMI falls to a one-year low
Though the gauge of services sector activity fell from October, it was still above the key level of 50, which separates expansion in activity from contraction
Bank of England
Europe’s largest economies record boost in business activity
In the 20-nation euro zone, activity rose at the fastest pace since May 2022
Business activity
Revealed: Dubai one of the most popular cities in the world
The city ranked at the top regionally and came in second globally
Business activity
Dubai adds over 6,000 e-commerce traders in 2021
E-Trader aims to licence start-ups and business activities that operate from their place of residence, online or on social networking sites
Business activity
Dubai business licence issuances see major boost in 2021
The emirate, which is the financial hub of the UAE, issued 72,152 new business licences compared to 2020 when 42,729 licenses were issued
Business activity
Saudi’s non-oil economy maintained growth momentum in November
Businesses surveyed for the IHS Markit Saudi Arabia Purchasing Managers’ Index linked higher sales to a continued return to normal economic conditions and a boost to tourism from relaxed travel measures
Business activity
Dubai’s Department of Economy and Tourism issues over 10,700 licenses
Instant licenses, issued by the emirate’s Department of Economy and Tourism, are issued to businesspeople so they can establish and operate a business in Dubai after obtaining a license in a one-step, five-minute process through Invest in Dubai
Business activity
How Dubai is in a league of its own when it comes to regional competition
Emirate builds the playground and, when other players catch up, it leaves to build another, according to industry leaders
Business activity
UAE businesses see revenue surge on horizon as hiring efforts hot up
Three out of four companies in the UAE expect to hire staff in the coming 12 months, according to a new HSBC survey of more than 2,000 global businesses
Business activity
Middle East leading the way in Covid-19 recovery
Rising Covid-19 cases globally has slowed economic recovery, and global GDP growth has been revised down over the last three to six months, expected to hit 6 percent, analysis from Oxford Economics shows
Business activity
UAE business conditions improve at slower pace; employment rises
Employment increased for the first time since January and at the quickest pace in more than two years
100% foreign ownership
Corporate foreign ownership law amendment to boost UAE economy
The 100 percent foreign ownership law is expected to provide a massive boost for commercial space demand in Dubai and Abu Dhabi and business confidence, supporting post-Covid economic recovery
Business activity
How giving leads to gains
Giving back is important for professional and personal development
Business activity
Companies in GCC rush to launch new products as sectors recover from coronavirus
Emergence of the new ‘brick and click’ retail networks also add to companies’ confidence to advance their new launch plans