Latest news and articles about UAE economy from NEX English
Mubadala Investment Company has announced the successful raising of <strong>$1.9 billion</strong> through a significant financial deal, reflecting the strength of its investment strategy. This move comes at a time of notable fluctuations in the global market.
In a significant move, Dubai has completed a land deal worth <strong>$102.6 million</strong>, reflecting the growing interest of wealthy investors in luxury assets in the UAE. This transaction occurs amidst escalating regional crises, highlighting Dubai's appeal as a safe investment destination.
The United Arab Emirates has recorded a significant increase in the workforce, with a growth rate of 2.5% in the first quarter of 2026. This growth reflects the country's efforts to enhance the economy and diversify income sources.
Arada, the UAE real estate developer, has announced plans to launch new projects in the country despite increasing regional tensions due to the ongoing war between Iran and Azerbaijan. This move aims to strengthen the company's presence in the real estate market.
The United Arab Emirates has witnessed a significant drop in the demand for gold jewelry, reaching its lowest level in six years. This decline reflects the impact of political and economic crises on consumer behavior in the market.
Bestax Accounting Company announced its readiness to support UAE businesses in implementing an electronic invoicing system, a strategic step towards enhancing financial transparency. This initiative aligns with the government's efforts to improve the business environment and increase efficiency.
AE Coin and USDU have announced the development of a structured framework for converting the UAE dirham to the US dollar, facilitating institutional settlements in the UAE. This comes at a time when the UAE financial market is witnessing significant progress towards digitization.
During the MIITE 2026 conference held in Dubai, Emirati ministers emphasized that investing in youth is a national economic necessity. This initiative is part of the country's efforts to enhance the role of young people in the national economy.
Reports indicate that the job market in the United Arab Emirates is set to witness a significant rise in employment opportunities, particularly in key sectors. This comes amid positive economic trends in the country.
Microsoft has announced a significant contribution of <strong>$74.4 billion</strong> to the economy of the United Arab Emirates. This investment reflects the company's commitment to fostering innovation and growth in the region.
Emirates Group announced record profits of <strong>$4.2 billion</strong> for the last financial year, showcasing its resilience amid ongoing regional conflicts. This performance highlights the group's ability to adapt and thrive under challenging conditions.
Emirates Group announced its assets reached <strong>204 billion dirhams</strong>, marking a <strong>12%</strong> growth compared to last year. This growth reflects the group's financial stability and competitive ability in the market.
Mohammed Alabbar, CEO of Emaar Properties, affirmed that Dubai's real estate market remains resilient despite rising regional tensions. He noted strong buyer confidence and stable payment collections from clients.
Abu Dhabi's real estate sales saw a significant increase in April 2023, totaling <strong>13 billion dirhams</strong> with over <strong>3200 transactions</strong>. This growth reflects a robust recovery in the capital's real estate market.
Engineer Ali Al-Kindi, CEO of the TA’ZIZ project, revealed the initiative's efforts to boost sustainable economic value and supply chain resilience in the UAE. This announcement comes as the country aims to enhance its economic capabilities and achieve sustainable development.
RAK Ceramics has successfully compensated for its export losses through a significant increase in local sales, as stated by the company's CEO during a recent press conference. This comes amid various challenges facing the export sector.
The Sharjah Chamber of Commerce and Industry showcased the industrial system of the emirate during its participation in the 'Make in the UAE' exhibition. This event serves as a vital platform to enhance collaboration between local and international companies.
Abu Dhabi National Oil Company (ADNOC) has announced the launch of an industrial resilience program aimed at enhancing the manufacturing sector in the UAE with an investment of up to <strong>$24.5 billion</strong> by <strong>2030</strong>. This initiative is part of the country's efforts to diversify its economy and reduce reliance on oil.
Badr Jafar, CEO of the Jaf Group, announced that local investments in the UAE have exceeded <strong>$119 billion</strong>, more than double the foreign direct investment flows. This achievement reflects the country's commitment to enhancing its business environment and supporting local economic growth.
The UAE's Minister of State for Foreign Trade, Thani Al Zeyoudi, announced the launch of a series of significant investment projects aimed at enhancing the local economy. This initiative is part of a broader strategy to stimulate economic growth and attract local investments.
The real estate markets in Abu Dhabi and Dubai experienced a notable revival in April, overcoming economic challenges. This resurgence reflects the strength of the real estate sector in the United Arab Emirates.
Abu Dhabi announced the hosting of the largest event titled 'Make it in the UAE', aimed at enhancing the industrial sector in the country. This initiative comes as the UAE seeks to accelerate its efforts in developing local industry and increasing reliance on national products.
A tomato farm in the UAE announced plans to supply <strong>150,000 kilograms</strong> of tomatoes to the local market, contributing to reduced reliance on imports. This initiative is part of the country's efforts to enhance food security and mitigate risks associated with global supply chains.
The Dubai International Financial Centre (DIFC) has experienced significant growth in the number of companies during the first quarter of 2026, attracting <strong>775 new companies</strong>, a <strong>62%</strong> increase compared to the same period last year. This growth reflects ongoing business inflows despite global economic challenges.
Nakheel, the leading real estate developer in the UAE, has signed contracts worth <strong>3.5 billion dirhams</strong> to create new villas in the Palm Jebel Ali project. This announcement is part of the company's plans to expand its real estate projects and enhance infrastructure in the region.
Aldar Properties announced its acquisition of logistics assets in the KEZAD area valued at up to <strong>650 million dirhams</strong>. This acquisition aims to expand the company's portfolio and strengthen its presence in the logistics market.
The Emirates News Agency (WAM) reported that the National Content Program has made a significant contribution of <strong>473 billion dirhams</strong> to the UAE economy. This initiative reflects the country's commitment to enhancing local content and supporting sustainable economic growth.
The United Arab Emirates has announced the launch of a new electronic invoicing system aimed at enhancing tax compliance and facilitating business transactions. This initiative is part of the government's efforts to improve the business environment and promote transparency.
DIEZ, based in Dubai, announced a significant revenue growth of <strong>19.4%</strong> in 2025, along with a <strong>17.8%</strong> increase in profits. This growth occurs amid a notable recovery in the UAE market.
Questions arise regarding the ability of UAE Golden Visa holders to work remotely while residing abroad. This topic gains significance amid the global shift towards remote work.