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UAE announces Eid al-Adha 2025 holiday for private sector employees

1 week ago | economymiddleeast.com | Elias AL Helou

Private sector employees in the UAE will enjoy a four-day holiday for the upcoming Arafah Day and Eid al-Adha in June, beginning from 9 Dhul Hijjah, as announced by the Ministry of Human Resources and Emiratisation (MoHRE) on Thursday. بمناسبة يوم عرفة و#عيد_الأضحى المبارك، تكون الفترة من 5 يونيو المقبل الموافق ليوم الخميس وحتى 8 من الشهر ذاته الموافق ليوم الأحد، عطلة رسمية مدفوعة الأجر لجميع العاملين في القطاع الخاص في #الإمارات.
Binghatti Holding expands with $6.8 billion master-planned community in Dubai

1 week ago | economymiddleeast.com | Elias AL Helou

Dubai-based luxury real estate developerBinghatti Holding Ltd. announced that it has acquired freehold land with over 8 million square feet of gross floor area with an anticipated total development value of over AED25 billion ($6.8 billion). The land is set to be used for what would be the company’s first large-scale master-planned residential community in the Emirate, according to a statement.
China’s WeRide expands into Saudi Arabia with launch of robotaxis and robobus

1 week ago | economymiddleeast.com | Elias AL Helou

WeRide, a company specializing in autonomous driving technology, has announced its strategic expansion into Saudi Arabia, aligning seamlessly with its global growth ambitions. The firm has commenced testing and deploying Robotaxis and essential autonomous products in key cities like Riyadh and AlUla.
Saudi Arabia, China strengthen financial cooperation in tax policy and capital markets

1 week ago | economymiddleeast.com | Elias AL Helou

The Financial Sub-Committee of the High-Level Saudi-Chinese Joint Committee convened its fourth meeting via video conference. The session was co-chaired by Saudi Minister of Finance Mohammed Al-Jadaan and Chinese Minister of Finance Lan Fo’an, with senior officials and representatives from both nations participating.
OPEC+ establishes new mechanism for evaluating maximum sustainable production capacity

1 week ago | economymiddleeast.com | Elias AL Helou

The OPEC+ alliance, during its recently convened 39th ministerial meeting, reached an agreement to create a mechanism for evaluating maximum sustainable production capacity. This will act as a reference point for production levels in the year 2027, while current production levels are to be upheld through the end of December 2026. OPEC+ has engaged in discussions regarding new baseline production levels for several years.
Global Water Organization begins operations in Riyadh under Saudi Crown Prince’s patronage

1 week ago | economymiddleeast.com | Elias AL Helou

Under the patronage of Saudi Crown Prince Mohammed bin Salman, the founding member states of the Global Water Organization (GWO) signed the Global Water Charter, officially launching the organization’s activities from Riyadh. The founding countries included Saudi Arabia, Kuwait, Qatar, Spain, Greece, Senegal, Pakistan, and Mauritania. The event attracted significant local and international participation, as reported by the official Saudi Press Agency (SPA).
UAE, EU advance free trade deal talks amid major investment announcements

1 week ago | economymiddleeast.com | Yara Abi Farraj

Dr. Thani bin Ahmed Al-Zeyoudi, UAE Minister of State for Foreign Trade, welcomed Maroš Šefčovič, EU Commissioner for Trade and Economic Security, to the UAE for ongoing talks regarding the comprehensive economic partnership agreement (CEPA) between the UAE and the EU. The visit also included an investment roundtable with representatives from leading private sector companies aimed at exploring opportunities for increased collaboration and investment flows between the EU and UAE.
Abu Dhabi: 93.6 percent of residents feel safe walking alone at night, survey shows

1 week ago | economymiddleeast.com | Yara Abi Farraj

Abu Dhabi has reinforced its position as one of the world’s top cities in quality of life, safety and happiness. According to the findings of the fifth Quality of Life Survey conducted in 2024 by the Department of Community Development – Abu Dhabi (DCD), 93.6 percent of residents feel safe walking alone at night, reflecting the emirate’s continued recognition as the world’s safest city in 2025 according to global indicators.
MENA region records 225 M&A deals worth $46 billion in Q1 2025: Report

1 week ago | economymiddleeast.com | Yara Abi Farraj

The MENA region witnessed 225 M&A deals in Q1 2025, up from the 172 deals recorded in Q1 2024, reflecting a 31 percent increase in deal volume when compared year-on-year. Total deal value rose by 66 percent to $46 billion in Q1 2025, when compared to $27.6 billion in Q1 2024, according to the latest EY MENA M&A Insights report.
Eid al-Adha 2025: Top travel spots, cultural festivities, and visa tips for families

1 week ago | economymiddleeast.com | Elias AL Helou

At Eid al-Adha, one of the most important Islamic holidays, people come together to celebrate with families and friends across many parts of the world. It is predicted that the Eid in 2025 will coincide with Hajj and the opening of summer travels. This year, people are traveling more for both pleasure and spiritual reasons and places throughout the Middle East, Europe and Asia are organizing special events and offers for Eid visitors.