Evergreen Businessmen Services - Business Setup Dubai

UAE Corporate Profits Defy GCC Decline The UAE continues to showcase the success of its economic diversification efforts. While aggregate net profits of GCC-listed companies declined by 3.3% year-on-year in Q3 2024, the UAE stood out as a regional leader. • Abu Dhabi: Witnessed a remarkable 19.2% increase in net profits, reaching $9.1 billion in Q3 2024, up from $7.6 billion in Q3 2023. • Dubai: Achieved a 5.4% year-on-year growth, with net profits rising to $6.0 billion compared to $5.7 billion in Q3 2023. Key drivers of growth include the banking, telecom, and real estate sectors. Notably, nine out of Dubai Stock Exchange’s 13 sectors recorded year-on-year profit growth during the quarter. In Abu Dhabi, the banking sector saw a 20.6% rise in Q3 profits, contributing $2.5 billion, while the energy sector achieved an 18.6% increase, reflecting the resilience of the UAE’s non-oil economy. As the UAE continues to diversify and innovate, it stands as a testament to the power of strategic economic planning. Evergreen Businessmen Services - Business Setup Dubai Your partner in navigating the UAE’s dynamic business landscape. Reach out to us to explore growth opportunities. #UAEEconomy #CorporateGrowt #BusinessOpportunities #EconomicDiversification #InvestInUAE https://lnkd.in/dA2zVdGC

Dubai’s Population Boom Fuels Stock Market Growth Dubai’s thriving population growth has sparked a stellar performance in the Dubai Financial Market (DFM), with the General Index gaining 10.9% in 2024, the highest in the GCC. Government-owned entities Salik and Parkin lead the charge, showing remarkable growth of 85% and 60%, respectively. With Salik reporting +25% revenue guidance for 2025 and Parkin achieving a 42% rise in developer-linked revenues, the surge in car registrations and infrastructure expansion is evident. Dubai’s RTA has also approved a Dh3.7 billion road development plan, further boosting prospects for toll and parking revenues. Dubai’s vision of urban growth continues to drive investment opportunities across key sectors. #Dubaifinicialmarket #Business #Dubaimarket #Duab

Middle East M&As Defy Global Trends with Strategic Growth In the first nine months of 2024, while global M&A deal volumes declined by 13%, the Middle East showcased remarkable resilience with a 7% rise, according to BCG’s 2024 M&A Report. Key Highlights: • Diversification at the Core: Investments target critical sectors like technology, logistics, and renewable energy, aligning with economic diversification goals. • Big Moves in Logistics & Energy: A $1 billion logistics acquisition and a $2.7 billion renewable energy transaction reflect the region’s shift toward future-ready industries. • Tech-Focused Deals: Investments in satellite communications ($2.6 billion), telecommunications in Africa ($250 million), and AI-driven energy solutions ($350 million) highlight a commitment to digital transformation. What’s Driving the Momentum? The region’s sovereign wealth funds and robust capital reserves are fueling high-value acquisitions while embracing AI-powered tools for efficiency in M&A processes. AI-enabled solutions streamline deal lifecycles, enhancing decision-making and documentation workflows. Outlook: With strategic outbound investments and a focus on resilience amid global shifts, Middle Eastern dealmakers are leading the next wave of M&A. Their proactive approach to leveraging technology and talent ensures they stay ahead in a rapidly evolving global landscape. #MiddleEastM&A #EconomicDiversification #StrategicInvestments #AI #BusinessGrowth

A Big Congratulations to Our Managing Director, Aziz Ali! 🏆 As Evergreen employees, we are incredibly proud to celebrate Aziz’s remarkable achievements at the BNI ICL! Mr Aziz secured 3rd place in the Badminton Championship and led to the semifinals in cricket, showcasing his unmatched dedication, leadership, and team spirit. We are inspired by his passion and relentless pursuit of success. Here's to more milestones and shared victories ahead! #Teamwork #Leadership #Excellence #BNI #Badminton #Cricket #ProudTeam #EvergreenFamily #Success"

UAE Banks Lead GCC with Highest Return on Equity in Q3 2024 UAE-listed banks have once again outperformed, achieving the highest Return on Equity (RoE) in the GCC at an impressive 16.8% in Q3 2024, according to Kamco Invest’s latest report. This growth underscores the resilience and strength of the UAE’s economy, driven by robust non-oil growth and a thriving project pipeline across various sectors. Key highlights: • Record-High Gross Loans: GCC-listed banks saw a new milestone with gross loans reaching $2.12 trillion, a 3.1% QoQ growth, and a 10.1% YoY growth. • Strong UAE Banking Sector: Gross credit in the UAE rose to Dh2.1 trillion, supported by domestic credit growth (+0.3%) and strong private-sector lending. • Deposits at a Peak: UAE banks recorded the highest customer deposits in the GCC at $828 billion, growing 3.1% QoQ. • Manufacturing PMI Strength: The UAE reported a robust PMI of 53.8 in September 2024, signaling sustained economic expansion. This data reflects the region’s ongoing commitment to economic diversification and long-term growth, with strong lending growth and a focus on non-oil sectors leading the way. #Banking #GCCEconomy #UAE #BusinessGrowth #EconomicDevelopment

Strengthening UAE-Pakistan Business Ties in Sharjah The recently held Sharjah-Pakistan Business Roundtable marked a significant milestone in boosting bilateral trade and investment between the UAE and Pakistan. With over Dh25.7 billion in trade and 11,500+ Pakistani companies already thriving in Sharjah’s mainland and free zones, the event opened doors to exciting opportunities in green-tech, creative industries, manufacturing, and trade. Key leaders, including Sheikh Fahim Al Qasimi, Chairman of DGR, and Hussain Muhammad, Consul General of Pakistan, emphasized Sharjah’s strategic location, advanced infrastructure, and supportive legislation as crucial for fostering business growth. Highlights include: ✅ Insights into Sharjah’s business-friendly ecosystem. ✅ Sharjah’s commitment to supporting Pakistani entrepreneurs and companies. ✅ Opportunities for cross-sector collaboration in publishing, healthcare, real estate, and more. Sharjah continues to serve as a gateway for Pakistani businesses to expand across the Middle East and beyond, thanks to its vibrant economy and investor-friendly policies. Are you ready to explore investment opportunities in Sharjah? Let us guide you every step of the way! Contact us today to learn how we can assist in setting up your business in this thriving emirate. #Business #pakistanbusiness #sharjahbusiness

Travel to the Edge of Space—From Dubai! The future of space tourism is closer than you think! A groundbreaking initiative by Space Perspective is set to bring the ultimate adventure to UAE residents. Imagine soaring gently to the edge of space under a hydrogen balloon, admiring Dubai’s iconic landmarks—like the Burj Khalifa and Palm Island—from a completely new perspective. This six-hour luxury experience includes: ✨ Two hours to ascend to the edge of space ✨ Two hours at the edge, enjoying breathtaking views from the largest windows ever flown to space ✨ A Michelin-starred meal in the Space Lounge, designed for ultimate comfort ✨ A gentle descent back to Earth Priced at approximately AED 460,000, this journey isn’t limited to billionaires. With 1,800 tickets already sold and growing interest from the Middle East, Space Perspective and its partners aim to make space travel accessible to everyone. Could Dubai soon become a hub for space tourism? With the company eyeing a potential launch site in the region, the dream might soon become reality. Would you take this once-in-a-lifetime journey to the stars? #SpaceTourism #Innovation #DubaiLaunch #EvergreenBusinessmenServices

Thinking of Working in a Free Zone with a Dubai Golden Visa? Here’s What You Need to Know If you hold a property-linked Golden Visa issued in Dubai and are considering an advisory or consultancy role with a Dubai free zone company, here’s some guidance: Golden Visa holders working for free zone companies do not require a work permit from the Ministry of Human Resources & Emiratisation (MOHRE), as MOHRE permits are only for mainland employment. Instead, your prospective employer will need to apply for an employee permit through the free zone authority where their business is registered. It’s essential to ensure compliance with the specific requirements of the free zone for seamless onboarding. At Evergreen Businessmen Services - Business Setup Dubai , we specialize in navigating such formalities and ensuring smooth processes for both employers and employees. Looking to work in a free zone or hire talent for your business? Let us guide you through it. #GoldenVisa #FreeZone #DubaiBusiness #EmployeePermit #EvergreenBusiness

Exciting News for Educators in Ras Al Khaimah! The Ras Al Khaimah Department of Knowledge (RAK DOK) has announced a Golden Visa Programme exclusively for private school educators, offering long-term self-sponsored residency to eligible teachers and school leaders. This initiative recognizes the remarkable contributions educators make to the community and aims to create a world-class education system in Ras Al Khaimah. Who Can Apply? ✅ School Leaders: Principals, vice-principals, and school directors who have positively impacted school performance. ✅ Teachers: Qualified educators with at least three years of experience in Ras Al Khaimah and a demonstrated commitment to improving student outcomes. Eligibility Highlights: 📌 Advanced degree (Master’s or PhD). 📌 Positive contributions to school or student performance. 📌 Active engagement in professional development or innovative teaching. Successful applicants can also extend the benefits of the Golden Visa to their family members (spouse, parents, and children). This initiative underscores the UAE’s commitment to attracting and retaining top talent in the education sector. If you’re an educator in Ras Al Khaimah or know someone who qualifies, this could be a life-changing opportunity! Need assistance? At Evergreen Businessmen Services - Business Setup Dubai , we’re here to guide you through the application process for long-term residency programs like this. Contact us today and let us simplify the journey for you!

Dubai’s Banking Evolution: Collaboration Over Competition “Traditional banking is no longer a valid model,” emphasized Abdul Waheed Rathore, Group Chief Compliance Officer at Dubai Islamic Bank, during the Banking, Innovation, and Technology Conference by Khaleej Times. As customer demands shift towards seamless digital experiences, financial institutions must embrace open banking by integrating with fintech, government sources, and other industry players. By Q1 2025, all banks in the UAE are expected to implement application programming interfaces (APIs), driving an era of cooperation among banks, fintechs, telcos, and quasi-banking players. The future of banking isn’t about competition but collaboration, leveraging shared data responsibly to create a ‘wow’ experience for customers. As Rathore highlighted, “Either you’re in the game, or you’re out.” #OpenBanking #Fintech #BankingInnovation #SeamlessBanking #Dubai