December 30, Non-oil sectors contributed 75% to the UAE's GDP in the first half of 2024. The value of the UAE’s real GDP (at constant prices) reached AED981 billion in the opening six months of the year, recording an increase of 3.6%.
December 26, Al Naboodah Group recently unveiled the highly anticipated 2025 models of the Haval H9 and H7 at the Ritz-Carlton, JBR, in partnership with Great Wall Motor.
December 20, The United Arab Emirates has announced that its electric vehicle charging network will no longer be free as of next year. The new fees will be set at Dhs1.25 kwH plus VAT for the more rapid DC (direct current) chargers and Dhs0.70 kwH and VAT for the slower AC (alternating current) chargers.
December 17, The Federal Tax Authority has unveiled a new VAT refund system designed specifically for e-commerce purchases made by tourists during their stay in the UAE. This system, which is the first of its kind globally, reflects the UAE's ongoing efforts to enhance its tourism sector through innovation and digital transformation.
December 12, Real estate rents in Dubai will increase, though at a moderate pace, around 10 per cent next year as demand continues to stay strong due to the influx of new residents into the emirates.