The UAE has officially expanded its Golden Visa program to prioritize individuals in Artificial Intelligence (AI), climate tech, and related innovation sectors, shifting away from its earlier focus on capital-based residency. “The UAE is now scouting for global talent that adds real economic value—not just capital,” said Gaurav Keswani, managing director of JSB Advisory. Dubai’s…
DetailsSharjah Islamic Bank (SIB) has officially launched its “Millionaire Draw” campaign, starting July 1, 2025, to encourage sustainable saving habits across the UAE. The initiative offers generous monthly and seasonal prizes, including cash rewards up to AED 20 million and BMW luxury cars, to both new and existing savings account holders. Key Facts Campaign Start…
DetailsAbu Dhabi’s manufacturing sector plays a central role in the emirate’s economic transformation. In 2024, Abu Dhabi recorded GDP growth of 3.8%, with the non-oil sector expanding by 6.6%, reflecting strong diversification efforts. Manufacturing now contributes 9.5% to GDP, generating a record-added value of AED 111.6 billion. Key industries such as automobiles, aluminum, food processing,…
DetailsThe UAE’s toy manufacturing industry offers a growing opportunity for local producers, with the market valued at approximately AED 1.8 billion in 2023 and still largely import-driven. Rising demand for educational, eco-friendly, and safety-compliant toys, supported by a young population and increasing disposable incomes, has created favorable conditions for small-scale manufacturers. Toy manufacturing businesses can…
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DetailsSharjah has emerged as one of the UAE’s most important manufacturing hubs, contributing 16.7% (AED 24.3 billion) to the emirate’s GDP in 2023. The emirate is home to over 2,900 manufacturing facilities, supported by strong industrial infrastructure, competitive operating costs, and a strategic location that connects regional and global markets. In the same year, Sharjah…
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