Dubai International Chamber has said that 58 per cent of the multinational companies (MNCs) it attracted to the city during H1 2025 came from Asia.
Europe ranked second among the list of regions, accounting for 16.1 per cent of the MNCs attracted to Dubai by the chamber during the six-month period.
The Middle East and the Commonwealth of Independent States (CIS) represented 12.9 per cent of the total, while Africa and the Americas each accounted for 6.5 per cent .
For small and medium-sized enterprises (SMEs), Asia also topped the list, representing 49.1 per cent of the total attracted by the chamber during H1 2025.
The Middle East and CIS witnessed notable growth, accounting for 22.3 percent of the SMEs attracted, followed by Africa with 11.6 per cent, Europe on 9.8 per cent, and the Americas with 7.1 per cent.
These figures "underline Dubai International Chamber’s commitment to promoting the city’s appeal as a leading global business destination," state media wam said.
The chamber recorded year-on-year growth of 138 per cent in the total number of companies it attracted to Dubai during the first half of the year, including both MNCs and SMEs.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.
Apple topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race.
Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.
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Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.