Dubai business news
Here are some recent Dubai business news updates:
Economy and Trade
- Dubai's economy grows 2.1% in Q1 2023: Dubai's economy grew 2.1% in the first quarter of 2023, driven by a rebound in trade and tourism, according to the Dubai Statistics Center. (Source: Gulf News)
- Dubai's non-oil trade reaches AED 1.3 trillion in 2022: Dubai's non-oil trade reached AED 1.3 trillion (USD 354 billion) in 2022, a 12% increase from the previous year, according to the Dubai Chamber of Commerce and Industry. (Source: Khaleej Times)
- Dubai and India sign MoU to boost trade and investment: Dubai and India signed a Memorandum of Understanding (MoU) to boost trade and investment between the two countries, with a focus on sectors such as technology, healthcare, and renewable energy. (Source: The National)
Real Estate and Construction
- Dubai's real estate market sees 15% growth in Q1 2023: Dubai's real estate market saw a 15% growth in the first quarter of 2023, driven by a rebound in demand and a shortage of supply, according to a report by property consultant Knight Frank. (Source: Arabian Business)
- Dubai's construction sector grows 10% in 2022: Dubai's construction sector grew 10% in 2022, driven by a surge in infrastructure projects and a rebound in the real estate market, according to a report by the Dubai Chamber of Commerce and Industry. (Source: Construction Week)
- Dubai's Emaar Properties launches new residential project: Emaar Properties, one of Dubai's largest real estate developers, launched a new residential project called "Emaar Beachfront" in Dubai Marina, featuring 1,000 apartments and villas. (Source: Gulf News)
Technology and Innovation
- Dubai launches new fintech hub: Dubai launched a new fintech hub, "Dubai Fintech Hub", to support the growth of the financial technology sector in the emirate. (Source: The National)
- Dubai's e-commerce market grows 20% in 2022: Dubai's e-commerce market grew 20% in 2022, driven by a surge in online shopping and a growing demand for digital services, according to a report by the Dubai Chamber of Commerce and Industry. (Source: Khaleej Times)
- Dubai's Emirates NBD launches new digital banking platform: Emirates NBD, one of Dubai's largest banks, launched a new digital banking platform, "Garage", to offer customers a range of digital banking services. (Source: Arabian Business)
Tourism and Hospitality
- Dubai's tourism sector grows 15% in 2022: Dubai's tourism sector grew 15% in 2022, driven by a rebound in international travel and a surge in demand for luxury tourism, according to a report by the Dubai Tourism Board. (Source: Gulf News)
- Dubai's hospitality sector sees 12% growth in 2022: Dubai's hospitality sector saw a 12% growth in 2022, driven by a surge in demand for hotel rooms and a rebound in international travel, according to a report by the Dubai Chamber of Commerce and Industry. (Source: Khaleej Times)
- Dubai's Atlantis, The Palm launches new luxury hotel: Atlantis, The Palm, a luxury hotel in Dubai, launched a new luxury hotel, "The Royal Bridge Suite", featuring 12 suites and a range of luxury amenities. (Source: Arabian Business)
These are just a few of the latest business news updates from Dubai. If you're looking for more information, I'd be happy to help!