Economy & Trade

Navigating the Dip: Opportunities Amidst Declining Deal Activity in the Middle East and Africa

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The Middle East and Africa (MEA) region experienced a notable decline in deal activity, falling by 10.4 percent in the first eight months of 2024, as reported by GlobalData.

China Deepens Economic Cooperation with Saudi Arabia and UAE in New Energy and Emerging Sectors

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Chinese Premier Li Qiang’s recent visits to Saudi Arabia and the UAE have marked a significant step towards strengthening economic cooperation with two of the Gulf region’s wealthiest nations.

Saudi Arabia’s US$5-Billion-Investment Pledge in Egypt: Strengthening Economic Ties and Industrial Cooperation

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Saudi Arabia has strengthened its economic ties with Egypt, as Crown Prince Mohammed bin Salman announced a US$5 billion investment by the Public Investment Fund (PIF) during a meeting with Egyptian Prime Minister Mostafa Madbouly in Riyadh.

Italy’s Saipem Expands Offshore Portfolio with Major Contracts in Qatar and Saudi Arabia

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Italian energy contractor Saipem continues to strengthen its position in the Middle East with the recent award of significant offshore engineering, procurement, and construction (EPC) contracts in both Qatar and Saudi Arabia.

Carrefour Partners with Dubai’s Apparel Group to Make a Comeback in India After 2014 Exit

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French retail giant Carrefour has teamed up with Dubai-based Apparel Group to launch its operations in India by 2025. Founded in Dubai in 1996, the Apparel Group operates in both the retail clothing and food and beverage (F&B) sectors.

Khalifa Economic Zones Abu Dhabi (KEZAD) Announces Major Manufacturing and Solar Investments Showcasing its Appeal

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In light of major new manufacturing and renewable sector investments, we discuss the appeal of Abu Dhabi’s KEZAD zones for business set up.

Working Capital Management in the Middle East: Trends and Strategies

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Effective working capital management in the Middle East is critical for navigating economic pressures, with companies seeing varied success across different sizes and sectors.

Shenzhen and Dubai Forge Stronger Financial Ties with New Cross-Border ETF Agreement

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The Shenzhen Stock Exchange and Dubai Financial Market recently signed an MoU to facilitate cross-border investing between China and the UAE.

How to Open a Bank Account in the UAE

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We discuss the requirements to open a current bank account in the UAE, including specific eligibility criteria and documentation.

UAE’s Non-Oil Foreign Trade Soars to Record US$381 Billion in H1 2024

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The UAE has achieved a historic milestone in its non-oil foreign trade, reaching a record AED 1.4 trillion (US$381.17 billion) in H1 2024.

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