Author: Arabian Media staff

Image: Dubai Media Office Dubai Chamber of Digital Economy will introduce five new features at Expand North Star 2025, the world’s biggest gathering for startups and investors, which will mark its 10th anniversary from October 12-15 at Dubai Harbour. The event, organised by Dubai World Trade Centre and hosted by Dubai Chamber of Digital Economy, will launch ScaleX, the Consumer Tech Zone, North Star Green Impact, the Deeptech MEA Summit and the Digital Assets Forum. ScaleX will spotlight 100 fast-growing tech companies and connect them with partners and investors to support expansion into the Middle East and beyond. The Consumer…

Image: DIEZ The Dubai Integrated Economic Zones Authority (DIEZ) reported record trade of Dhs336bn ($91.5bn) across its three zones in 2024, a 19 per cent increase from the previous year. The growth lifted DIEZ’s contribution to Dubai’s non-oil trade to 13.7 per cent, its highest on record, marking the fourth consecutive year of expansion. Trade volumes rose 28 per cent to 444,300 tonnes compared with 346,700 tonnes in 2023. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, said DIEZ’s results underscored the emirate’s ability to “innovate, unlock new avenues for…

National Industries Park (NIP), DP World’s industrial hub in Dubai, has secured more than Dhs1bn ($272m) in new projects so far this year. Between January and September, NIP leased over 7 million square feet of land, mostly for greenfield projects that will add new manufacturing capacity. The expansion has pushed its tenant base past 400 companies, supporting more than 24,700 jobs. New additions to National Industries Park New customers in 2025 include Danube Building Materials, LT Foods Middle East and Trilogy Fab Trailers Manufacturing. The investments build on a strong 2024, when customer registrations nearly doubled year-on-year. “Nationwide value added…

Image: WAM The UAE Ministry of Finance has signed a multilateral competent authority agreement on the automatic exchange of information under the Crypto-Asset Reporting Framework (CARF), reinforcing its commitment to global tax transparency. The UAE announced in November last year its intention to implement the framework. CARF implementation in the country is scheduled to go live in 2027, with the first exchanges of information expected in 2028. The framework sets out a mechanism for the automatic exchange of tax-related information on crypto-asset activities, aimed at providing certainty and clarity to the sector while aligning with international transparency standards. Public consultation…

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The UAE plans to expand its entrepreneurial landscape to more than two million companies and create at least 10 unicorns by 2031, said Abdullah bin Touq Al Marri, Minister of Economy and Tourism. Speaking on the sidelines of the launch of the national campaign “The Emirates: The Startup Capital of the World,” Al Marri said startups and entrepreneurs represent a fundamental pillar of the UAE’s economic growth strategy. The Minister noted that around five unicorns have already originated from the UAE, and the new campaign will help accelerate the emergence of more. UAE unicorns and startups He said the campaign…

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Sheikh Mohammed launches “The Emirates: The Startup Capital of the World” campaign to train 10,000 Emirati entrepreneurs and strengthen the UAE’s global startup hub role The UAE will create 30,000 new jobs, train 10,000 Emirati entrepreneurs, create thousands of opportunities, and expand support for small and medium-sized enterprises as it aims to become the startup capital of the world. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has launched “The Emirates: The Startup Capital of the World” campaign, a strategic initiative to consolidate the UAE’s position as a leading global hub for entrepreneurship and…

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Key Takeaways Comfort in retirement depends on factors like your lifestyle, the cost of living, and how long you’ll need your money to last. The age at which you retire impacts how long your savings need to last and how much income you’ll need each year. With the right planning and flexibility, $2 million can become a strong foundation for a retirement that supports both your needs and goals. For many Americans planning their retirement, hitting the $2 million mark in savings can feel like a major milestone. It’s significantly more than the average retiree has. But is it truly…