The UAE’s retail market is expected to reach AED 200 billion by next year. Analysis by the Dubai Chamber of Commerce and Industry projects that it will also grow by an average of 5% each year. Consumer spending is anticipated to continue rising, with total spending of over AED 750 million across many categories by 2017. According to national news agency WAM, retail and wholesale trade accounts for more than 11% of the UAE’s GDP.
Creative industries 'key to future growth', WGS-FTI report says
Cultural and creative industries should be treated as a core pillar of national economic strategy, according to a new report launched by FTI Consulting in partnership with the World Governments Summit.
TECOM Group posts strong 2025 results as revenues and profits rise
Dubai-based TECOM Group has reported a strong financial performance for 2025, driven by rising demand across its commercial, industrial and land portfolios.
Family businesses urged to rethink investment, philanthropy at Dubai summit
Family-owned businesses are being encouraged to take a more active role in shaping sustainable investment and social impact, as leaders met in Dubai to discuss how family wealth can be positioned for the future.
UAE-Vietnam CEPA enters into force
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Vietnam has officially come into force, with an aim to "unlock investment opportunities in vital sectors such as renewable energy, technology and agriculture".
Indian rupee, stocks soar in relief rally after trade deal with US
India's financial markets rallied sharply on Tuesday after a trade deal that slashed US tariffs on Indian goods to 18 per cent from 50 per cent, a development that investors said lifts a key overhang over the country's stocks, bonds and currency.
The second round of trilateral talks between Russia, Ukraine and the United States has begun in Abu Dhabi, as diplomatic efforts continue to advance the political process towards resolving the crisis.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held a series of high‑level meetings on the sidelines of the World Governments Summit in Dubai.
A new initiative is set to expand artificial intelligence education across Dubai’s private schools, aiming to equip students with essential AI skills for the future.
