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DECEMBER 13 December - 4 January (Friday-Saturday): Liwa International Festival, Al Dhafra, Abu Dhabi. 6 December-12 January: Dubai Shopping Festival. Signposted to happen sometime in December: UAE-China Summit, Abu Dhabi. JANUARY 2025 1 January (Wednesday): ADGM to slash licensing fees for retail and non-financial firms, and hike fees for finance firms. 1 January (Wednesday): Health […]
Author Archives: enterpriseam admin
Posted inWHAT WE’RE TRACKING TODAY
THIS MORNING: Amea Power eyes desalination, green hydrogen projects in Morocco + New corporate tax compliance exemptions take effect next year
Plus: Dubai Lagoon is under cancellation
Posted inECONOMY
IMF sees oil GDP growing 6.7% next year, non-oil growth to come in at 4.5%
The Fund sees overall GDP growing at 4% this year, reverting to its initial forecast after revising it downwards to 3.7%
Posted inECONOMY
CBUAE maintains 2024 growth forecast, dials back 2025 growth expectations on extension of oil supply cuts
The central bank dialed back its forecast for GDP and non-oil GDP growth in 2025
Posted inBUDGET WATCH
Sharjah approves historic AED 42 bn budget for 2025
Infrastructure comprises the lion’s share of the total budget
Posted inREAL ESTATE
Commercial property market expected to outperform Hong Kong’s as demand for office space rises in 2025
Strong demand is driven by yields of 6% in Abu Dhabi and 5% in Dubai
Posted inMOVES
Bank of Sharjah names Sridhar Karlapudi as its new COO + Intel taps Taha Khalifa as general manager for the Middle East and Africa
Prior to joining Bank of Sharjah, Karlapudi served as COO at Ahli United Bank in the UK
Posted inALSO ON OUR RADAR
Union Properties breaks ground on its AED 2 bn Dubai-based development
Plus: Drydocks World opens multi-mn USD expansion facility in Dubai