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Adoption of crypto in UAE continues to quicken

Speed and transactional efficiency are driving the fast adoption of cryptocurrencies in the UAE and wider Middle East region, according to new research. And many people in the Middle East are opting for digital currencies because of the privacy…
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Dubai ranked world’s top destination for foreign direct investment

Dubai has been ranked the world’s top destination for greenfield Foreign Direct Investment (FDI) projects for the fourth successive year, according to the Financial Times ‘fDi Markets’ data. Greenfield FDI is a form of FDI where a parent…
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Middle East organisations set to increase investment in AI

More than 65% of organisations in the Middle East, including the UAE, plan to increase investment in AI in the coming year despite the talent and technology challenges they face, according to a new report. Published by Deloitte, in collaboration…
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New initiative aims to support UAE’s female entrepreneurs

A new initiative designed to help aspiring and established female entrepreneurs to connect, learn and grow has been launched in the UAE. Launched in February, DXB Female Founders (DFF) will run monthly events dedicated to empowering women…
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UAE creates more blue collar jobs in 2024

The UAE job market has seen a significant surge in demand for both blue-collar and entry-level jobs, although white-collar recruitment continues to decline, according to a report by UAE-based recruitment company Innovations Group. Offering…
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Start-up funding in UAE set to rocket in 2025

This year is predicted to be a break-out year for start-up funding in the UAE, which expected to easily outstrip the estimated $2 billion raised by the sector in 2024 – which itself is estimated to have tripled from the previous year’s figure. Experts…
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New initiative to support international expansion of Dubai businesses

Dubai Chambers and Standard Chartered recently signed a Memorandum of Understanding (MoU) to enhance collaboration aimed at fostering the growth of UAE businesses and supporting their expansion into promising global markets. Under the terms…

Majority of UAE firms have a ‘clear, shared vision’ for AI

More than 80% of enterprises in the United Arab Emirates (UAE) are deeply committed to enterprise-wide AI deployments, with buy-in from top management and a clear vision for business transformation, according to a major new survey. The AI…
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UAE economy set to enjoy continued growth, says World Bank

The UAE’s economy is set to enjoy continued growth during the remainder of 2024 and into 2025, according to Roberta Gatti, Chief Economist of the Middle East and North Africa (MENA) region of the World Bank. Gatti was speaking at the launch…
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UAE looks to protect and grow gig economy

Four multinational organisations have joined forces to help develop regulations that enable the development of the gig economy, the Dubai Future Foundation (DFF) has announced. Emirates, Amazon, app developer Careem and GEMS Education will…