Other Briefings
UAE Firms Report Increase in New Orders Even as June PMI Dips Slightly
The S&P’s Purchasing Managers Index (PMI) for UAE in June revealed a score of 54.6, slightly down from May’s 55.3, but still indicative of robust business activity within the UAE economy.
Freshworks Inc. Expands Presence in MEA with New UAE Data Center Powered by AWS
Freshworks’ partnership with Amazon Web Services (AWS) is integral to its strategy in Middle East & Africa (MEA), and is representative of how companies in the UAE are investing in digital infrastructure to provide advanced customer and employee service solutions while ensuring regional data compliance.
Facilitating Trade and Connectivity between UAE and India: Updates Linked to the IMEEC
India and the United Arab Emirates (UAE) are set to launch an online platform for streamlined port clearance processes under the IMEEC.
Abu Dhabi Courting Major UK Hedge Funds
Abu Dhabi’s financial center is reportedly in talks with over 60 global finance firms, such as the UK’s Marshall Wace and Capula Investment Management, who are interested in establishing a presence in the UAE capital.
Dubai-Based Ports and Logistics Giant DP World Plans US$3bn Investments into Africa by 2029
Nine of the world’s 20 fastest-growing economies in 2024 are in Africa, attracting companies like DP World despite challenges.
QIA Reported to Acquire 10 percent Stake in China Asset Management Co
The QIA-China AMC deal comes amid Gulf investors actively seeking investment opportunities while their Western counterparts scale back their exposure in the Chinese market.
Choosing Dubai as Your Investment Base and Setting Up in the IFZA
Dubai’s IFZA is a dynamic international free zone community that leverages the UAE’s strategic location and world-class infrastructure.
South Korea and UAE Formally Sign CEPA Trade Deal, Reaffirm US$30 Bn Investment Commitment
The UAE and South Korea formally signed their free trade agreement, officially called the Comprehensive Economic Partnership Agreement (CEPA), on May 29, during the official visit of President Mohamed bin Zayed Al Nahyan to Seoul.
UAE Q4 2023 Prelim Data: Non-Oil Sectors Propelling 4.3% GDP Growth
Preliminary government data for the fourth quarter of 2023 revealed a robust 4.3 percent year-on-year growth in the UAE’s economy, with non-oil sectors notably outpeforming in their contribution to the overall GDP.
India, UAE Hold First Talks on Advancing the India-Middle East-Europe Economic Corridor
The discussions regarding the India-Middle East-Europe Economic Corridor (IMEEC) involved key stakeholders, such as DP World UAE, AD Ports Group, and the UAE’s Federal Customs Authority.
