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Middle East economies are starting to recover after a slow start to the year

Macroeconomic conditions seem more promising for Middle East economies after a relatively slow start to 2018, according to the latest Economic Insight report bythe Institute of Chartered Accountants in England and Wales (ICAEW).

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Abu Dhabi to promote FDI at IREIS exhibition

UAE-based International Real Estate and Investment Show announced tie-up with Abu Dhabi Investment Office, which will give the show a strategic push to attract investors in the emirate of Abu Dhabi and increase investor confidence. The partnership is part of Abu Dhabi’s campaign to develop the non-oil economy which was evident in its recent reforms and Dh50 billion stimulus to create further ease of doing business.

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UAE PMI falls to five-month low in August

The headline seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index (PMI) – a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy – fell to 55.0 in August, down from 55.8 in July.

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Business conditions in Dubai improve at steady pace in August

Business activity growth ticks up, according to Emirates NBD Dubai Economy Tracker, while new business improves at slowest pace in four months.

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US$3.54 billion investment to boost the Gulf’s film industry as MENA Cinema Forum highlights massive opportunities

More than US$3.54 billion investment in cinema screens across the Gulf is expected to help the region’s cinema industry expand manifold following Saudi Arabia’s historic decision to open up the sector 35 years after cinemas were banned in the Kingdom.

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Abu Dhabi’s new mall Al Maryah Central to open on 27 August 2019

Al Maryah Central, the next generation mall, has achieved a major project completion milestone by obtaining its Building Completion Certificate.

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Emaar offers 80% post-delivery payment for Samara villas at Arabian Ranches to woo buyers

Emaar Development is offering 80 percent post-delivery payment for Spanish coast-influenced Samara villa in Arabian Ranches II, in order to woo property buyers, inundated with choices of ready-to-move in due to an oversupply in the market.

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Dubai gets first Studio M hotel to boost UAE’s growing midscale hotel segment

Studio M, a chic urban hotel concept by Millennium Hotels and Resorts, one of the fastest growing hotel management companies in the region, is all set for its target opening date in the fourth quarter of 2018.

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Expatriates can now retire in Dubai in peace

Expatriates in the UAE can now retire if they have enough cash and a home, according to a new Cabinet decision issued on Sunday.

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Dubai hosts 134,081 buildings

The number of completed buildings in Dubai reached 134,081, including 7,271 added in 2017, according to Dubai Statistics Centre, the government’s official information department.

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