The economic success of Dubai has been one of the most remarkable stories of the past few decades. Due to the initial reliance of Dubai’s infrastructure on oil revenues across the UAE, the local economy has long been sensitive towards major shifts in oil prices. However, the strategic plan to diversify the economy from oil to financial services, real estate and various services tailored to the growing expat population, have meant that the ongoing life and economic development of Dubai is considerably less dependent on oil than in the past. Still, the oil and gas sector is an integral part…
Author: Steve Laidlaw
As the New Year approaches, fitness centers across Dubai are observing a notable rise in membership interest. Residents are keen to shed holiday indulgences and turn their fitness aspirations into reality. Leading gym chains such as GymNation expect a 20-30% increase in memberships this January, reflecting a global trend of renewed commitment to health and fitness at the start of the year. “January is traditionally one of the busiest months for gym registrations, not just in the UAE but worldwide,” said William Rasmussen-Dean, UAE Country Director for GymNation. “New Year’s resolutions drive a 20% surge in memberships compared to average…
The wealth management landscape is undergoing a dramatic transformation, fueled by the rise of financial technology (fintech), according to fintech entrepreneur Emils Kerimovs. No longer exclusive to the ultra-wealthy, innovative wealthtech solutions are democratizing access to financial services, empowering individuals across the Middle East and Africa (MEA) to take control of their financial futures. Emils Kerimovs believes that “wealthtech is not just about managing wealth; it’s about building a more inclusive and prosperous future for all.” Breaking Down Barriers Historically, wealth management was a privileged service reserved for the elite. Fintech is dismantling these barriers, leveraging the power of robo-advisors,…