AB Espresso: Dubai issues new law

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In today’s newsletter:

Discover the latest stories from Arabian Business, compiled by our editorial team. Here's what you missed on Thursday:

Dubai has introduced a law regulating the use of its official emblem. Under Law No. (1) of 2025, unauthorised use of the Dubai logo can result in fines of up to AED500,000 ($136,000) and jail terms of up to five years.

Meanwhile, Emaar has announced that Dubai Fountain in Downtown Dubai will close for maintenance and upgrades starting in May. The renovation is expected to last five months.

On the real estate front, Dubai recorded 14,238 property transactions worth AED44.4 billion in January, marking a 23 percent increase in sales volume and a 24 percent rise in value compared to the same month last year, according to Property Finder.

Aside from this, Saudi Arabia is developing over 10 new theme and water parks as part of its efforts to diversify the economy. A report by Boston Consulting Group highlights strong demand for entertainment parks, with two-thirds of Saudi residents expressing interest in visiting.

In addition, Saudi Arabia has unveiled the King Salman Automotive Cluster, a SR92 billion ($24.5 billion) initiative in King Abdullah Economic City. The project aims to boost the Kingdom’s automotive industry and contribute to economic diversification by increasing non-oil GDP and exports.

Until next time, Sharon Benjamin for Arabian Business

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