UAE: Dubai and Abu Dhabi best cities in world for ‘executive nomads’ as visa support, air connectivity and climate attract remote workers
UAE investment fund: Assets reach $9.5bn
Salik: Toll authority completes valuation of new toll gates; revises revenue guidance
Saudia: Airline announces flights to Phuket, Thailand
Saudi Arabia: Kingdom’s booming esports sector to add $13.3bn to GDP and create 39,000 jobs by 2030
Discover the latest stories from Arabian Business, compiled by our editorial team. Here's what you missed on Wednesday:
Dubai is the best city in the world for long-term remote workers, according to a report by Savills. Dubai retained its lead position, for the second consecutive year, in the latest Savills Executive Nomad Index, launched as part of the firm’s Impacts programme. Meanwhile, UAE capital Abu Dhabi is hot on its heels, moving from fourth place to second this year, with the UAE taking the top two spots on the index.
The UAE asset management sector is booming as number of licensed companies surged 83 per cent and total value of portfolios reached AED35bn ($9.5bn). The Securities and Commodities Authority (SCA) reported a strong surge in Assets Under Management by companies licenced to manage portfolios and investment funds, amounting to around AED35bn. It said that this surge was the result of its ongoing efforts to advance the asset management sector in the UAE and strengthen its regulatory environment in line with the best international practices, thus fulfilling the UAE’s vision to become a leading global hub for asset management.
On the transport front, Salik, Dubai’s exclusive toll gate operator, has valued the two new toll gates at Business Bay and Al Safa South at AED2,734 million ($744.4 million) and has revised its full-year revenue guidance for 2024 upwards because of its financial impact. Both gates are expected to be operational by the end of November 2024.
