UAE consumer spending forecast to exceed USD 261 billion in 2021: analysis

Dubai, UAE -- Dubai Chamber analysis predicts a CAGR of 7.5% in UAE consumer spending over the next 5 years - Housing identified as top spending category in 2016, accounting for 41% of total … [Read more...]

Coming soon?: Dubai preparing rules for driverless cars

Dubai is currently working on a series of rules and requirements for self-driving cars, Gulf News reported on Saturday. Dubai’s Roads and Transport Authority (RTA) had announced in June it will … [Read more...]

Abu Dhabi Global Market successfully closed 2nd batch of FinTech RegLab applications

Abu Dhabi, UAE -- Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has successfully closed the application for its second cohort of the ADGM FinTech Regulatory … [Read more...]

Access World to build a 3PL facility in Jebel Ali Free Zone

Dubai, UAE -- Access World Logistics L.L.C., a joint-venture between U.A.E. based Rais Hassan Saadi (RHS) Group and Switzerland-headquartered Access World Group (Access World) organized a … [Read more...]

Regional banks urged to consider assurance of capital numbers

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged banks in the Middle East to follow its newly published framework for assuring bank capital numbers. The framework aims to … [Read more...]

King Salman appoints commissions to develop Al-Ola and Diriyah Gate

Jeddah, Saudi Arabia -- King Salman bin Abdulaziz has decreed the establishment of renovation commissions tasked with the development of two of the most important archaeological and historic sites in … [Read more...]

New motorsport strategy with a clear focus on electromobility

Porsche planning to enter Formula E Dubai, UAE -- From 2019, a Porsche works team will compete in Formula E. As a result, the company will be ending its involvement in the LMP1 class of the FIA World … [Read more...]