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Good morning, friends. The news flow has relatively slowed down from what has been an intensely M&A-heavy few weeks, leaving some breathing room for macro data and projections on the UAE and the broader region. In today’s issue: We have figures on consumer spending in 2023, courtesy of Majid al Futtaim; projections from the Economy […]
Author Archives: enterpriseam admin
Posted inECONOMY
It’s international GDP forecast day
The Economy Ministry expects inflation will cool to 2%
Posted inECONOMY
Consumers drove a 13% y-o-y surge in retail spending in 2023
Some 70% of purchases were made on mobile phones
Posted inTRADE
The UAE’s exports hit USD 488 bn in 2023 –WTO
The UAE ranked 14th in the world for global merchandise exports
Posted inENERGY
Alec, Butec JV tapped to build Abu Dhabi’s first waste-to-energy plant
The plant will offset 1.1 mn tonnes of emissions annually
Posted inM&A WATCH
Budget Saudi subsidiary snags stake in Overseas Development UAE unit
Adani formed the JV with Esyasoft in December last year
Posted inMOVES
General Authority of Islamic Affairs has a new chairman
Omar Habtoor Al Darei will lead the General Authority of Islamic Affairs
Posted inALSO ON OUR RADAR
Dubai Cable Company expands to 20 new countries
PLUS: Emirates NBD rolls out new card for high-net-worth individuals