MENA | UAE’s 50 initiatives; Abu Dhabi fees; solid regional PMIs
New rules on residency visas are just part of the 50 economic initiatives
announced by the UAE to celebrate its golden jubilee. The measures include
new visa categories to attract and retain skilled workers in the country’s latest bid to diversify its economy away from dependence on oil.
What you will learn:
- Abu Dhabi has also introduced reforms on fees to improve the ease of doing business, attract investment and innovation and boost economic growth.
- Regional PMIs showed continued expansion in the non-oil sector in August.
- The UAE posted a reading of 53.8, with strong growth in business activity and employment. Saudi Arabia showed a loss in momentum with a reading of 54.1, down from 55.8 in July, but still comfortably above the 50 no-change mark, while Qatar’s PMI rose to 58.2, the second highest on record.
- The UAE has launched fifty economic initiatives this week in the run-up to its golden jubilee in December and ahead of the global summit next year.
Tags:
Related Services
Post
No signs of tariff-induced supply stress – yet
Our proprietary Eurozone Supply Stress Indicator shows that supply stress is still low, even after the US tariff announcement on April 2.
Find Out More
Post
Long term investors well placed for office upswing in Australia
Australian CBD office property capital values have taken a battering since mid-2022, falling by an average 18% for prime assets. In the process, capital values have fallen below replacement cost in many markets, which is constraining new commencements.
Find Out More