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EFOA taps new chair + GovDigital and Sanadak get new heads
The Emirates Family Office Association tapped Ahmed Al Banna for its board
70% of UAE residents want to retire in the Emirates, but a fast-rising cost of living stands in the way
Only 4% have invested in a dedicated retirement savings plan
Investcorp Capital sells its US industrial real estate portfolio for USD 360 mn
Plus: SRTIP partners with AIM Congress to attract scaleups to Sharjah
More economists downplay the impacts of the tariffs on the GCC and the UAE
The UAE’s trade activity is set to minimize some of the effects of tariffs
UAE among the most well-positioned in the region to weather the current crisis -EFG Hermes’ Ahmed Shams El Din
Dubai is not exposed to oil prices, so the funding and fiscal side will remain resilient
Non-oil business activity growth slows in March
Business sentiment remained positive despite the mild slowdown in growth momentum
US tariffs offer a toss-up of good and bad news for the UAE economy, analysts say
The higher tariffs applied to other countries will give Gulf states a relative competitive advantage, one economist said
Non-oil sector drove 3.8% growth in Abu Dhabi’s GDP last year
The non-oil sector grew 6.2%
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