News & Media

UAE Economy Performs Better in 2021
UAE Economy Performs Better Than Expected, on Track Towards Recovery in 2021 Proactive measures, incentive packages bear fruit, highlight the country’s speed and flexibility in responding to global changes. The UAE economy performed better than expected in 2020 despite the current global challenges brought about by the COVID-19 pandemic. Said Abdulla bin Touq Al Mari,
Buoyancy Returns to Dubai Realty
Transactions during March were at a 10-year high as strong market growth continued, Property Monitor monthly market report said The Dubai property market continued to strengthen in Q1 2021 to record the first yearly price increases since 2015 while displaying new and promising markers for growth each month. In March, with a rise of 1.3
Global Companies to Reinvent the Office
A Survey of 400 global firms employing 10 million people reveals businesses are looking to offices to boost employee wellbeing, collaboration, and talent attraction. International businesses are looking to their workplaces to revitalize corporate brand and culture after the pandemic, which will see significantly improved amenities and services available for employees, according to the latest
Dubai SME Unveils ‘Ztartup’ Incubator
Dubai SME Unveils ‘Ztartup’ Incubator Specialized in Digital Health Technologies The Dubai Business Incubator Network now has 13 incubators supporting growing sectors Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, has announced the launch of a new business incubator ‘Ztartup,’ in Dubai Healthcare City. The new
Mena IT Spending to Surge 4.5% to $171B
Worldwide all IT spending segments are forecast to have positive growth through 2022. IT spending in the Middle East and North Africa is projected to surge 4.5 percent year-on-year to $171 billion in 2021 as worldwide it would jump 8.4 percent to $4.1 trillion. According to the latest forecast by Gartner, IT projects were either
IMF Upgrades UAE, Global Economic Growth Forecast
The IMF Fund more than doubled the UAE’s 2021 growth projection from 1.3 percent in October 2020 to 3.1 percent. The International Monetary Fund (IMF) on Tuesday revised upward the UAE and global economic growth forecast for 2021, thanks to massive vaccination efforts as well as a $1.9 trillion US stimulus package which will strengthen