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Dubai Desk

Dubai Desk

ADQ and ECP join forces for $25 billion energy infrastructure initiative
UAE

ADQ and ECP join forces for $25 billion energy infrastructure initiative

The initiative aims to meet the growing power demands of data centers, hyperscale cloud companies, and other energy-intensive industries.

UAE central bank mirrors Fed decision to keep interest rates steady
Markets

UAE central bank mirrors Fed decision to keep interest rates steady

Despite global economic uncertainties, the UAE’s economy continues to expand, driven by strong growth in the non-oil sector.

Dubai launches real estate tokenization pilot to attract investors
UAE

Dubai launches real estate tokenization pilot to attract investors

The initiative, announced by DLD, will convert real estate assets into digital tokens recorded on blockchain technology, simplifying transactions for buying, selling, and investing.

GCC economy set for 4% growth in 2025 despite global uncertainty
UAE

GCC economy set for 4% growth in 2025 despite global uncertainty

The broader Middle East GDP is expected to expand by 3.3% this year despite ongoing global economic challenges.

EDB reports 222% surge in 2024 financing, boosting UAE industry and economy
UAE

EDB reports 222% surge in 2024 financing, boosting UAE industry and economy

The bank’s total financing since launching its transformation strategy in 2021 reached AED 15.7 billion, increasing its impact on the UAE’s industrial GDP to AED 7.4 billion by the end of 2024.

Indians, British and Italians lead property purchases in Dubai, as Egyptian numbers surge
UAE

Indians, British and Italians lead property purchases in Dubai, as Egyptian numbers surge

Russians and Pakistanis round out the top five buyer demographics.

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