🌟 UAE Kicks Off the Week with Major Business Moves
- Publish date: Monday، 21 April 2025
From bold global deals to futuristic tech gatherings, the UAE is buzzing with momentum this week. Here’s what’s making headlines around the Emirates:
📈 Trade Triumph: UAE Tops the Region Again
The UAE continues to set the pace, with foreign trade surging 25% in January alone. Thanks to strategic CEPA deals with countries like Malaysia and Ukraine, the nation remains the undisputed trade leader in the Middle East and Africa.
🤖 Dubai AI Week 2025 Launches with a Bang
Dubai opens its doors to the world’s sharpest tech minds at AI Week 2025. Over 10,000 attendees from 100+ countries have gathered for deep dives into AI innovation, headlined by Sony and Google Research. The $272K Global Prompt Engineering Championship is the week’s hot ticket.
🏗️ Mall of the Emirates Gets a Luxe Upgrade
Retail therapy is about to get grander. Majid Al Futtaim has greenlit a $1.3 billion makeover of Mall of the Emirates, adding 100 new stores and 20,000 sqm of premium retail space.
🌍 KKR Plants Stronger Roots in the Middle East
Global investment giant KKR is making power moves, appointing former CIA director David Petraeus as regional chairman and building a dedicated MENA investment team. The firm aims to ride the region’s diversification wave.
❄️ Abu Dhabi’s Cool Factor Heats Up
PAL Cooling Holding, a leader in sustainable district cooling, is attracting heavyweight bids from firms like KKR and I Squared Capital. With rising demand for energy-efficient solutions, this sector is on investors’ radars.
🍫 TikTok Made Me Buy It: ‘Dubai Chocolate’ Goes Viral
A pistachio-filled chocolate trending on TikTok has caused global pistachio prices to spike from $7.65 to over $10 per pound. Yes, Dubai’s sweet tooth is now a global phenomenon.
🏙️ Dubai’s Growing Pains: Rents Rise, Salaries Stall
With its ever-growing population, Dubai’s rental prices have surged 16% over the past year. But for many residents, salaries haven’t kept up—raising concerns over affordability in the city of dreams.
🚇 Elon Musk’s Tunnel Vision Comes to Dubai
Dubai’s transport future is looking underground. Elon Musk’s Boring Company is teaming up with Dubai’s RTA to develop a 10-mile tunnel system designed to move up to 100,000 passengers per hour.
