enterpriseam admin, Author at UAE

by enterpriseam adminUAE EditionOctober 4, 2024

OCTOBER 3-5 October (Thursday- Saturday): MeFitProConference and Exhibition, Dubai World Trade Centre. 4-6 October (Friday - Sunday): The NBA Abu Dhabi Games, Etihad Arena, Yas Island, Abu Dhabi. 6-11 October (Sunday-Friday): Dubai International Chamber to head out for a trade mission to Serbia and Türkiye. 7-8 October (Monday-Tuesday): Forex expo, World Trade Center, Dubai. 7-8 […]

WHAT WE’RE TRACKING TODAY

THIS MORNING: DAE settles with Axa over jets in Russia? + Dragon Oil, Enoc eye expansions

by enterpriseam adminUAE EditionOctober 3, 2024

Plus: Opec+ kept its oil policy unchanged

Uncategorized

by enterpriseam adminUAE EditionOctober 3, 2024

INVESTMENT WATCH

MGX backs OpenAI in bumper USD 6.6 bn funding round

by enterpriseam adminUAE EditionOctober 3, 2024

The funding round values the ChatGPT maker at USD 157 bn

M&A WATCH

UK’s Marex snaps up Aarna, expands to Abu Dhabi

by enterpriseam adminUAE EditionOctober 3, 2024

Marex is slated to close the transaction in late 2024

Advertiser

by enterpriseam adminUAE EditionOctober 3, 2024

HOSPITALITY + TOURISM

UAE eyes AED 450 bn in hotel investments in the next seven years

by enterpriseam adminUAE EditionOctober 3, 2024

UAE targets 16% GDP contribution from tourism by 2031: The UAE is aiming for significant growth in its tourism sector, projecting it will contribute 16% to the nation’s GDP by 2031, up from 11.7% in 2023, Gulf News reports, citing Economy Minister Abdulla bin Touq Al Marri’s statements during Dubai’s Future Hospitality Summit. To achieve […]

INS.

Profitability in the UAE ins. sector was up 28% y-o-y in 2023

by enterpriseam adminUAE EditionOctober 3, 2024

Ins. providers had a good 2023: The ins. sector here at home saw net income rise to hit AED 2.5 bn in 2023, up 28% y-o-y, according to the Central Bank’s latest annual statistical report for the ins. sector (pdf). Growth in profitability was attributed to an increase in net investment income within the sector. […]