{
}
Lebanon's private sector showed growth in February, with a PMI of 50.5, supported by increased new business, particularly from abroad. Optimism surged following the election of a pro-reform president, despite ongoing security concerns due to Israel's presence in strategic areas. Meanwhile, the UAE's non-oil sector maintained steady growth, with a PMI of 55, reflecting improved business conditions and rising new orders, although challenges like intense competition and limited job creation persist.
Dubai's Jumeira Bay has achieved a remarkable milestone by setting a new record for the most expensive villa sold in just 10 months. This development highlights the growing luxury real estate market in the region, attracting high-profile buyers and investors.
Dubai is set to enhance its electric vehicle (EV) infrastructure with the installation of over 250 new 22-kilowatt AC charging stations in partnership with Parkin Company PJSC and the Dubai Electricity and Water Authority (DEWA) starting in early 2025. These stations will be strategically located in high-density residential areas, with each serving two parking spaces, and payments for parking and charging will be facilitated through Parkin’s mobile app. This initiative aims to promote green mobility, support the Dubai Green Mobility Strategy 2030, and improve urban sustainability.
MENA startups raised $494 million last month, a remarkable 457% increase year-on-year, with Saudi Arabia and the UAE accounting for 92% of the total investment. Saudi startups led with $250.3 million across 25 deals, while the UAE secured $203.5 million from 15 deals. The region's startup ecosystem continues to thrive, with a total of $4.3 billion raised in 2024, a 20% rise from the previous year. Fintech emerged as the dominant sector, attracting $274 million, followed by insurtech at $55 million and logistics at $28.5 million.
FanTV has secured an additional USD 3 million in Series A funding, raising its total to USD 8.5 million. The UAE-based Web3 platform utilizes AI to assist creators in generating music, videos, and podcasts while offering monetization options through creator coins and content tokenization. The new funding will enhance AI tools, attract global creators, and expand user growth strategies.
Etihad Airways has postponed its $1 billion IPO until after the Eid al-Fitr holiday, following a significant profit increase. The airline, owned by Abu Dhabi’s ADQ, reported a net profit of $476 million for 2024, a threefold rise from the previous year, amid ongoing expansion efforts.
Airbus is set to manufacture components for its A400M military transport aircraft in the UAE and will establish maintenance, repair, and overhaul (MRO) facilities along with a training center. This initiative aims to integrate local entities like EPI and Strata into Airbus’s global aerospace supply chain, enhancing its presence in the Middle East.
Deem Finance has secured up to $400 million in debt financing from JP Morgan to enhance its lending capabilities for SMEs and consumers in the UAE. This partnership aims to strengthen Deem's balance sheet and provide tailored financial products to underserved communities, supporting personal and business financing needs. The deal, facilitated by Daman Investments, underscores the growing confidence of international financial institutions in the UAE's financial sector.
UAE businesses are experiencing an increase in orders, signaling growth in the market. However, this positive trend is accompanied by rising costs, which may impact profitability and operational strategies moving forward.
Sandbox Dubai has partnered with the AI Center Hamburg to enhance regulatory innovation and foster international collaboration in technology. Launched in 2024 under the Dubai Economic Agenda (D33), the platform aims to accelerate the adoption of new technologies and establish Dubai as a global business hub. The collaboration will facilitate knowledge sharing and joint projects between innovators and policymakers in both regions.
ARE
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Lebanon's private sector growth supported by new business and optimism
Euro
United States Dollar
Qatari Riyal
Lebanese Pound
Blominvest Bank SAL
ARE
QAT
EGY
KWT
LBN
SAU
David Owen
Mira Said
Show more
12:29 05.03.2025
jumeira bay villa achieves record price in just ten months
12:14 05.03.2025
Dubai to install over 250 new electric vehicle charging stations in 2025
10:17 05.03.2025
mena startup funding reaches 494 million driven by saudi arabia and uae
10:09 05.03.2025
FanTV raises 3 million dollars to enhance AI content creation platform
09:45 05.03.2025
Etihad Airways delays one billion dollar IPO until after Eid al-Fitr
09:05 05.03.2025
Airbus to establish A400M production and MRO facilities in UAE
08:41 05.03.2025
Deem Finance secures 400 million dollars in debt financing from JP Morgan
08:32 05.03.2025
UAE businesses experience increased orders amid rising costs
05:33 05.03.2025
sandbox dubai partners with ai center hamburg to boost global innovation
05:27 05.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Global Financial Events
Banking Regulations
Workplace Trends
Retail and Consumer Goods
CEO Changes
Market Analysis and Predictions
Domestic Politics
Government Policies
Global Trade Developments
Central Bank Actions
Startups & Entrepreneurship
Elections & Campaigns
Supply Chain Management
Financial Scams and Security
Government Economic Policies
Countries:
Companies:
Tesla, Inc.
JPMorgan Chase & Co.
Barclays PLC
Deutsche Bank Money Market PP
UniCredit S.p.A.
Banco BPM S.p.A.
Credit Suisse Lux Digital Healt
Bank of America Corporation
Apple Inc.
BNP Paribas SA
UBS Group AG
The Goldman Sachs Group, Inc.
Commerzbank AG
Banco Santander, S.A.
CREDIT AGRICOLE
Credit Suisse Strategic Income I
Wells Fargo & Company
SpaceXCoin USD
Lloyds Banking Group plc
Amazon.com, Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Danish Krone
Hong Kong Dollar
Australian Dollar
Offshore Chinese Yuan
Canadian Dollar
Mexican Peso
Singapore Dollar
Norwegian Krone
Filipino Peso
Indonesian Rupiah
Russian Ruble
Chilean Peso
People: