Dubai, 16 December 2024: Deniz Ventures, the venture capital fund of DenizBank, established under the Emirates NBD Innovation Fund – the Corporate Venture Capital arm of Emirates NBD Group, invests in TeamSec, a pioneer in AI-driven securitization technology, transforming the structured finance industry through its innovative Securitization-as-a-Service platform.
Mastercard Economics Institute’s Economic Outlook 2025 for the UAE: Steering through change
The UAE’s GDP is projected to grow by 5% year over year, consumer spending is predicted to rise by 4.3%, and consumer price inflation is likely to reach 2.3%
Migration is leading to a rise in remittances, with the continued digitization of the payments industry bringing cost efficiencies, security and convenience
The participation of women in the workforce is growing, driven by increasing job creation in female-dominated sectors and flexible work policies
Conscious consumers are increasingly trading down, most prominently in the travel sector
Dubai, xx December 2024: CARS24, the leading global e-commerce platform for pre-owned vehicles that launched its operations in the UAE in 2021, now has reached profitability and cemented its position as the largest player in the used car landscape. With its data-driven approach and personalised customer experience, CARS24 has successfully disrupted the traditional used car ecosystem.
دبي، 16 ديسمبر 2024: أعلنت “ألبن كابيتال”، شركة الاستشارات المصرفية الاستثمارية ومقرها دبي، عن انضمامها إلى قائمة الشركات الموقعة على مبادرة “مبادئ الأمم المتحدة للاستثمار المسؤول” (PRI)، المعيار الرائد عالمياً للاستثمار المسؤول.
وتعمل مبادرة “مبادئ الاستثمار المسؤول”، المدعومة من الأمم المتحدة، على فهم التأثيرات الاستثمارية لعوامل الحوكمة البيئية والاجتماعية والمؤسسية ESG، ودعم شبكتها الدولية من المستثمرين الموقعين في دمج هذه العوامل في قرارات الاستثمار وممارسات الملكية الخاصة بهم.
The premier trade event will promote business partnerships and cultural exchange between China and the Middle East as UAE furniture traders could benefit from high-quality furnishing solutions made in Anji, China
Date: Dubai, UAE; December 16, 2024
News Highlights
1. UAE home furniture market is estimated to reach US$2.59 billion in 2024 and further grow to US$3.12 billion by 2029, reflecting a steady growth rate at a compound annual growth rate (CAGR) of 3.79 percent during the forecast period;
2. An estimated delivery of more than 50,000 residential units including thousands of villas, townhouses and expansive homes need new furnishing solutions and interior décor
3. Dubai alone is poised to achieve a new milestone in its real estate sector, with an estimated 38,174 new housing units set to be delivered in 2024;
4. The market expects that the housing supply will increase by approximately 182,000 units in 2025-2026, as a large number of properties that were pre-sold in 2022-2023 will be completed. Of these, approximately 76,000 units are expected to be completed in 2025.