UAE Business

The UAE and the European Union have officially agreed to begin negotiations on a Comprehensive Economic Partnership Agreement (CEPA).

The initiative includes memoranda of cooperation with four major developers: Danube Properties, Imtiaz Developments, MAG Lifestyle Development, and Fakhruddin Properties Development.

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The agreements will reduce tariffs on a wide range of goods, streamline customs procedures, and promote investment in sectors such as food security, clean energy, and advanced manufacturing.

This move is part of Dubai’s broader Self-Driving Transport Strategy, which aims to make 25% of all journeys in the city autonomous by 2030.

Among 56 economies assessed, the UAE came out on top for both entrepreneurship and SME development.

Haldiram’s aims to grow in international markets, especially the Middle East and U.S., amid rising demand for Indian snacks.

Key sectors such as manufacturing, construction, finance, ICT, retail, health, and education all achieved their highest-ever values.

With the freight and logistics market in the MENA region projected to reach $235.8 billion by 2031, Jafza’s expansion directly addresses the sector’s evolving needs.

The zone will target manufacturers and suppliers of building materials for the wider city project.

The growth comes as the emirate ramps up strategic projects, including the expansion of Ras Al Khaimah International Airport.

The emirate recorded a strong performance in 2024, with 9,700 residential sales transactions valued at AED26 billion.

The CBUAE imposed financial penalties totaling AED 2.62 million on five banks and two insurance companies.

The transaction will be carried out in stages and remains subject to customary conditions, including regulatory approvals.

The SCA encourages all investors to make use of its complaint submission platform via its official website when needed.

Gulf-based SWFs now control around 40% of global SWF assets, with six of the world’s ten largest funds based in the region.