Economy

Dubai’s new 2024 Dubai Startup Guide provides a roadmap for entrepreneurs in the digital economy, offering insights into sectors like fintech, AI, and Web3. Released ahead of Expand North Star 2024, it highlights free zones, accelerators, and government-backed initiatives supporting global startups.

The UAE’s Central Bank has approved AED Stablecoin, positioning it as the first regulated dirham-pegged stablecoin, while Tether plans to enter the market with its own version.

Saudi Arabia’s economy is set for steady growth, says the World Bank, with GDP projected to rise to 4.9% by 2025, supported by Vision 2030 reforms and increasing female labour participation.

Dubai’s real estate market sets a new record in Q3 2024 with over AED 140 billion in sales, driven by strong apartment and villa demand. Property values continue to rise, attracting global investors to Dubai's prime market.

Saudi Arabia is diversifying its Red Sea tourism with new mid-market and budget projects, expanding beyond luxury.