Economy

Property brokerage Driven Properties has finalised the largest real estate deal Downtown Dubai for the fiscal year of 2024, acquiring Emaar Square Building 3 for 505 million dirhams.

UAE grocery titan LuLu Retail has increased its IPO size to 30% amid strong investor demand, attracting significant investments from entities like Masarrah Investment Company.

Enersol’s $223M acquisition of Deep Well Services aims to transform UAE energy, leveraging advanced technologies for high-pressure well completions and strategic automation.

UAE introduces e-Invoicing laws, revolutionising tax collection through a 5-corner model and aligning with global digital standards. Phased implementation by July 2026 will aim to ensure compliance and efficiency.

Elon Musk’s ambitious DOGE proposal promises to revolutionise the U.S. government by cutting bureaucratic red tape and implementing Silicon Valley efficiency, paving the way for a future driven by rapid innovation and streamlined regulations.