by Priyanka Sharma | November 22, 2024 | News, politics, Technology
China’s richest man, Zhong Shanshan, has publicly criticized online shopping platforms for sparking price wars that have negatively affected various industries, as the country grapples with an economic slowdown. In an uncommon and largely censored statement,...
by Priyanka Sharma | November 21, 2024 | Energy, News, Travel
An exclusive whitepaper produced for Arabian Travel Market (ATM) by Digital Tourism Think Tank (DTTT) has highlighted that only 15% of UN Sustainable Development Goals (SDGs) related to tourism are on track to be achieved by 2030 according to the body, underscoring...
by Priyanka Sharma | November 21, 2024 | Banking Regulations, Fintech, Technology
Dubai Chamber of Digital Economy (DCDE), one of the three chambers operating under the umbrella of Dubai Chambers, has announced that it supported the establishment and expansion of 485 digital startups in the emirate between Q1 and Q3 2024. This represents an...
by Priyanka Sharma | November 21, 2024 | News, Retail
Lulu Retail Holdings, the UAE-based hypermarket chain operator, has posted a remarkable 126% year-on-year (YoY) increase in its net profit for the third quarter (Q3) of 2024. The company’s net profit reached $35.1 million, demonstrating strong financial growth despite...
by Priyanka Sharma | November 20, 2024 | Industry, Real Estate
Dubai’s real estate sector is set to experience a remarkable 30% year-on-year growth by the end of 2024, according to the latest report from Property Monitor. The market has already set several records this year, reflecting the ongoing strength and confidence in...
by Priyanka Sharma | November 20, 2024 | Automotive, Mergers & Acquisitions
Abdulla bin Touq Al Marri, Minister of Economy, held a meeting with Peec Mobility officials to learn about the company’s future plans for the UAE market and their contribution to promoting the circular economy and sustainable transportation. The meeting forms part of...
