AB Espresso: UAE most stable economy

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In today’s newsletter:

Discover the latest updates from Arabian Business, compiled by our editorial team. From real estate, to technology, and more, here's what you missed on Thursday:

The UAE has announced that fuel prices for March will go up. This adjustment comes after prices rose in February due to increasing fuel costs. While the costs of petrol and diesel have varied over the last 12 months, they are currently not as high as they were during the same time last year.

Aside from this, the UAE has been named as one of the world’s leading “soft powers” and the country with the most strong and stable economy, in a major global power survey.

In Dubai, Art Dubai has opened its doors for this year’s edition on Wednesday. The art fair will take place until March 3, but what exactly is Art Dubai and what impact does it have? It is “more than just a fair,” Executive Director, Benedetta Ghione said in an exclusive interview with Arabian Business.

On the real estate front, Emaar Properties has announced the launch of two remarkable projects in Dubai: The Heights Country Club and Grand Club Resort next to The Oasis.

Meanwhile, in Abu Dhabi, the residential sector saw massive growth in sales last year according to new research from real estate firm Savills. A total of 11,200 residential units were sold across the capital in 2023, an 83 percent increase compared to the previous year.

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