Dubai’s Rising Influence: Asian Multinationals Lead The Charge In 2024

by News Editor

March 4, 2025

Dubai’s prominence as a global business nucleus is on a remarkable ascent, with Asia accounting for an impressive 62.7% of multinational companies (MNCs) drawn to the city in 2024. This insight underscores Dubai’s burgeoning appeal as a prime destination for international investments and corporate growth.

Regions like Latin America and Europe each contribute 11.8% to the influx of MNCs, while the Middle East and Eurasia contribute 9.7%. Africa and Australia, though smaller players at 2% each, highlight a diverse spectrum of interest.

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Strategic Sectors Amplifying Investment

In 2024, pivotal sectors—each capturing a 10% share—fueled half of these relocations. Key industries include construction, trade, logistics, manufacturing, technology (spanning AI, robotics, and blockchain), as well as retail and tourism.

The Momentum Of Mobility

Adding dynamism, 8% of MNCs specialize in mobility sectors, spanning aerospace, autonomous transport, and more. Furthermore, the healthcare, financial, and energy sectors collectively account for 18% of investments.

Expanding Global Reach

Dubai International Chamber marked a robust 55% growth, drawing 51 MNCs in 2024 compared to 33 the previous year. With new offices in Kazakhstan and Colombia, Dubai continues to expand its global footprint, enhancing its allure as a strategic business hub.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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