Business & Investments

UAE’s Net Wealth Reached USD 2.9 Trillion in 2023, Reveals BCG Global Wealth Report

  • UAE’s financial wealth grew by 10% from 2022 to 2023
  • The UAE continues to experience impressive growth and is on track to become the sixth-largest booking center in the world by 2028, with an annual growth rate of about 8.9%
  • BCG’s 24th Annual Global Wealth Report highlights Generative AI as an enabler for operational efficiencies and improved client experience

Dubai, UAE November 27, 2024—Boston Consulting Group’s (BCG) annual global wealth report, Global Wealth Report 2024: The GenAI Era Unfolds revealed that the United Arab Emirates’ (UAE) net wealth reached USD 2.9 trillion in 2023. The UAE’s financial wealth grew by 10% from 2022 to 2023, versus the Middle East and Africa’s 8%. Global financial wealth rose at 7%, following a decline of 4% in 2022. Over the next five years, an estimated USD 92 trillion of financial wealth will be created globally.

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Entertainment & Celebrity

‘Jazz at the Island’ set to transform Sharjah’s iconic islands

Organised by the Sharjah Investment and Development Authority (Shurooq)

‘Jazz at the Island’ set to transform Sharjah’s iconic islands

sharjah city flags island from sky

 featuring performances from renowned international artists

A one-of-a-kind festival celebrating jazz, culture, and community amid Sharjah’s iconic islands

  • Al Noor Island’ on December 6th and 7th will feature internationally acclaimed artists like Nesrine, Tania Kassis, Mezzotono, and Aleksandra Krstic.
  • Le Trio Joubran at The Flag Island: December 14th for an enchanting performance.
  • Enjoy immersive cultural activities including guided tours, 2 jazz workshops, and performances beneath the stars.
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Shopping & Promotions, UAE National Day

53rd UAE National Day: Union Coop Announces Exclusive Promotions

Dubai, UAE:

Dr. Suhail Al Bastaki, Union Coop’s Chief Community Relations Officer, extended his heartfelt congratulations and wishes to UAE’s wise leadership, as well as its citizens and residents, on the occasion of the 53rd UAE National Day. He also announced that Union Coop will celebrate this national occasion with a special promotional campaign featuring exciting discounts and prizes, starting from November 28, 2024, and until December 8, 2024. The campaign includes significant discounts, valuable prizes, shopping vouchers, and price reductions on essential items to bring joy to consumers from all segments.

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UAE National Day

Jaipur Rugs Launches Limited-Edition Wall Rug Collection for Eid Al Etihad

Exquisite, handcrafted pieces to celebrate the UAE’s 53rd National Day on display at Alserkal Avenue

Dubai, United Arab Emirates – 27 November 2024. Jaipur Rugs, a global pioneer in artisanal rugs, is delighted to introduce an exclusive collection of wall rugs to mark the 53rd UAE National Day, now celebrated as Eid Al Etihad. This vibrant collection is a testament to the UAE’s dynamic spirit, blending artistic innovation with cultural pride.

Jaipur Rugs has crafted an entire series of wall rugs, each narrating a unique story inspired by the UAE’s remarkable journey. This collection captures the essence of the nation’s unity, progress, and heritage, offering visitors an immersive experience through art and craftsmanship.

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Technologies

More than four in five UAE businesses have a ‘clear, shared vision’ for AI: ServiceNow research

Report shows nation steaming towards AI maturity; three in five businesses have appointed an AI officer; 77% have boosted budgets; returns accruing even in absence of AI maturity

Dubai, United Arab Emirates – November 27, 2024 – ServiceNow, the AI platform for business transformation, in collaboration with Oxford Economics, has released its AI Maturity Index Report revealing that most enterprises in the United Arab Emirates (UAE) are deeply committed to enterprise-wide AI deployments, with buy-in from top management and a clear vision for business transformation.

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