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.
World Bank approves $1.1 billion emergency financing for Bangladesh
The World Bank approved $1.1 billion in emergency financing for Bangladesh to help secure food supplies, support vulnerable households and businesses due to the rising prices of fertiliser, fuel and food from the Middle East conflict.
Abu Dhabi partners with Boehringer Ingelheim to advance precision medicine
The Department of Health - Abu Dhabi has signed a strategic partnership with global biopharmaceutical company Boehringer Ingelheim to accelerate research into precision medicine using the emirate's advanced genomics capabilities.
H.H. Sheikh Ahmed approves launch of business media platform
Dubai’s media strategy is entering a new phase, with a stronger focus on competitiveness, innovation and strengthening the emirate’s position as a global hub for content creation and business media.
Saudi Aramco resumes oil loading at Ras Tanura after 4-month halt
Saudi Aramco resumed oil loading on Friday at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data from LSEG showed.
Summer Davos ends with call to boost innovation and growth
Global leaders have called for greater investment in innovation, skills and technology to drive economic growth as the World Economic Forum's Annual Meeting of the New Champions concluded in Dalian, China.
