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Sep 2022

Dubai’s non-oil economy reaches a pre-COVID high as travel and retail boom

Dubai’s non-oil private sector economy saw business activity reach a 38-month high as demand grew and input prices decreased at a record rate. From 56.4 in July to 57.9 in…

Aug 2022

Highlights News

Inflation Reduction Act passed by the US Senate as inflation rises in the country

The US Senate passed the Inflation Reduction Act, successor to the House-passed Build Back Better Act of late 2021, which is touted to help reduce the country’s crippling inflation, among…

Aug 2022

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$30 million offered by Khalifa Fund to assist Kenyan Small and Medium Enterprises

An AED 110 million ($30 million) finance agreement was signed by the Khalifa Fund For Enterprise Development (KFED) and the National Treasury & Planning Ministry of the Republic of Kenya…

Aug 2022

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Dubai Expo City to welcome Malaysia’s Pavilion again as a tech hub

Malaysia’s Technology and Innovation Hub that had been established within the Malaysia Pavilion at Expo 2020 Dubai and will be a component of Expo City Dubai when it opens to…

Jul 2022

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US dollar surges, almost in line with the Euro. Gold is the way forward for many

For the first time in nearly 20 years, the exchange rate between the Euro (EUR) and the US dollar is almost the same. The two currencies are less than one…

Jul 2022

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MENA members UAE, Egypt, and Jordan, agree on a strategic $10bn industrial partnership

From food, agriculture, fertilizers, pharmaceuticals, textiles, minerals and metals, and petrochemicals; Egypt, UAE, and Jordan are set to synergize land, labor, and capital. The nations have mutually agreed on an…

Jul 2022

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UAE’s ‘NextGen FDI’ is all set to welcome new global businesses and talent

A brand new business venture powered by the UAE Ministry of Economy will soon gather more than 300 digitally inclined firms in the emirates by 2023. The initiative will provide…

Jun 2022

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New company classifications in UAE has come into effect starting June 1, 2022

The UAE’s Ministry of Human Resources and Emiratisation (MOHRE) has announced a new categorization system for businesses in the UAE, with three levels of classification. Companies will be classified based…

Jun 2022

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Kuwait committee modifies residency rules to attract new investors

The Interior and Defense Affairs Committee of Kuwait’s parliament has approved a proposal to increase the maximum residency duration for expats to five years. Depending on whether they work in…

Jun 2022

Highlights News

Bioserve launches “Ironhand” Gloves to reduce injuries to workers

The advancements in technology, especially in the field of augmented technology, work towards mitigating problems humans face on a regular basis. The workforce at a factory or warehouse is always…

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