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Winter arrives in the UAE today: What to expect as temperatures drop

The winter season officially began astronomically in the Northern Hemisphere in the last third of December, specifically on December 22, according to the National Centre of Meteorology (NCM). The seasonal transition has already brought noticeably cooler temperatures across the UAE, marking a shift in prevailing weather patterns that will shape conditions nationwide over the coming […]

Nida Sohail
Nida Sohail

22 December, 2025

Winter arrives in the UAE today: What to expect as temperatures drop
Image credit: Getty Images

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The winter season officially began astronomically in the Northern Hemisphere in the last third of December, specifically on December 22, according to the National Centre of Meteorology (NCM).

The seasonal transition has already brought noticeably cooler temperatures across the UAE, marking a shift in prevailing weather patterns that will shape conditions nationwide over the coming months. The lowest temperature recorded across the country was 4°C in Jais Mountain, Ras Al Khaimah, at 00:00 UAE local time, underscoring the arrival of colder air masses, particularly in mountainous regions, a WAM report said.

According to the NCM, the Siberian high-pressure system is considered the dominant surface-level weather system during winter. This system frequently extends toward the Arabian Gulf region and is typically accompanied by northwesterly winds, which can be active at times, or northeasterly winds.

Read more-GCC weather: Match cancellation, flight disruptions, snowfall disrupt events

These conditions result in the influx of cold air masses, leading to a noticeable drop in temperatures across the country, particularly during nighttime and early morning hours. In some inland and mountainous areas, temperatures can fall below 0°C, highlighting the intensity of winter cooling in elevated terrain.

In addition to high-pressure influences, the UAE is affected during winter by several low-pressure systems originating from the Red Sea and the Mediterranean Sea, as well as by the extension of low-pressure systems from the east. These weather systems contribute to increased cloud cover and rainfall during the season.

Fog formation is also a common winter feature, particularly under stable atmospheric conditions combined with high humidity and light winds. Fog is most likely to occur during early morning hours, potentially reducing visibility in coastal and inland areas.

Diverse geography drives varied winter conditions

The UAE’s diverse topography plays a critical role in shaping its winter climate. Spanning the Arabian Gulf, the Gulf of Oman, the Arabian Sea to the east, and the Empty Quarter desert, the country experiences varied local conditions throughout the season.

In desert and inland areas, winter weather is typically cool to cold at night and in the early morning, while daytime temperatures remain mild. Mountainous and highland regions experience cooler conditions most of the time, with colder temperatures overnight due to higher elevations. For example, Jebel Jais reaches approximately 1,800 metres above sea level, making it one of the coldest locations in the country.

Coastal areas generally enjoy moderate winter conditions, with most days remaining mild. Wave heights in these regions typically range between one and two feet, creating suitable conditions for marine activities and water sports throughout much of the season.

Occasional rainfall during winter enhances outdoor conditions, although heavy rainfall in limited areas can lead to runoff in mountainous valleys. Authorities continue to advise caution and recommend avoiding wadis during such weather events.

Winds during winter are usually light to moderate, providing favorable conditions for outdoor activities and camping, with stronger winds limited to a few days throughout the season. Relative humidity levels are generally comfortable, although elevated humidity combined with calm conditions can increase the likelihood of fog formation during early morning hours.

The NCM has noted that the UAE’s winter climate and weather diversity support a wide range of sports and recreational activities, contributing to increased outdoor engagement during the season.

Winter climate averages in the UAE include:

  • Average maximum temperature: 24–27°C
  • Average minimum temperature: 14–16°C
  • Average relative humidity: 55–64 per cent
  • Average wind speed: 11–13 km/hr

NCM issues detailed forecast as winter conditions develop

As winter conditions take hold, the National Center of Meteorology has issued its weather bulletin for Monday, December 22, 2025, corresponding to Rajab 02, 1447. The forecast is valid from 8:00 a.m. on Monday until 8:00am on Tuesday.

According to the NCM, the country is currently being affected by an extension of a surface low-pressure system, accompanied by a weak upper-air low-pressure system. These atmospheric conditions are expected to influence weather patterns across the UAE over the coming days.

For Monday, weather conditions are forecast to be fair to partly cloudy in general. Low clouds are expected to appear over islands and some western regions. Humidity levels will increase overnight and into early Tuesday morning, particularly over western coastal and internal areas, raising the possibility of mist formation.

Winds will be light to moderate, becoming stronger at times during the daytime. Sea conditions are expected to be rough initially, gradually becoming moderate to slight in both the Arabian Gulf and the Oman Sea.

Temperature variations will be evident across different regions. Coastal and island areas are expected to see maximum temperatures ranging from 20°C to 24°C, with minimum temperatures between 9°C and 14°C. Internal regions will experience daytime highs of 22°C to 26°C, while nighttime temperatures may drop to between 6°C and 10°C. Mountain areas will remain cooler, with maximum temperatures of 15°C to 18°C and minimum temperatures between 4°C and 9°C. Relative humidity levels may reach up to 90 per cent in some areas, particularly overnight.

Winds across coastal, internal, and mountainous areas will generally blow from southeasterly to northeasterly directions, with speeds ranging from 10 to 25 km/hr and occasional gusts reaching 35–40 km/hr, especially in coastal and island areas.

Outlook through the week

Looking ahead, Tuesday, December 23, is expected to remain fair to partly cloudy, with low clouds forming over islands and western regions. Humid conditions will persist overnight into Wednesday morning, maintaining the possibility of mist formation. Winds will remain light to moderate, and sea conditions are forecast to stay slight to moderate.

On Wednesday, December 24, cloud cover is expected to increase overnight and into Thursday morning, with a chance of light rainfall over islands and some coastal areas. Increased humidity may lead to fog or mist in internal regions. Winds will shift from northeasterly to northwesterly and may strengthen at times.

Thursday, December 25, is forecast to bring partly cloudy to cloudy conditions at times, with light rainfall possible over northern and eastern areas. Humidity overnight could again result in fog or mist, while winds will shift from southeasterly to northwesterly and occasionally freshen. Sea conditions may become rough at times in the Arabian Gulf.

By Friday, December 26, conditions are expected to remain partly cloudy to cloudy at intervals. Humidity will increase overnight into Saturday morning, with a chance of fog or mist forming in internal areas. Winds will continue to be light to moderate, and sea conditions are expected to range from moderate to slight.

Residents are advised to stay alert to changing weather conditions, particularly reduced visibility during fog or mist and rough sea conditions during periods of stronger winds.

Gold hits record high on Fed rate-cut bets, silver touches fresh peak

Spot gold rose 1.2 per cent to a record $4,391.92 an ounce, while spot silver climbed 2.7 per cent by 0344 GMT to hit a historic high of $69.23

Reuters
Reuters

22 December, 2025

Gold hits record high on Fed rate-cut bets, silver touches fresh peak
Image credit: Getty Images

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Gold prices surged to a record high on Monday, riding on growing expectations of further US interest rate cuts and strong safe-haven demand, with silver also joining the rally to hit an all-time peak.

Spot gold rose 1.2 per cent to a record $4,391.92 an ounce, while spot silver climbed 2.7 per cent by 0344 GMT to hit a historic high of $69.23.

Bullion has gained 67 per cent so far this year, shattering multiple records and breaching the $3,000 and $4,000 per-ounce milestones for the first time. It is poised for its biggest annual gain since 1979.

Read more-Gold climbs 64% this year: What the US jobs report means next

Silver has surged 138 per cent year-to-date, vastly outperforming gold, underpinned by robust investment inflows and persistent supply constraints.

“With December usually producing positive returns for gold and silver, seasonality is on their side,” said StoneX senior analyst Matt Simpson.

“Given that gold has already risen 4 per cent this month and we’re nearing the end of the year, bulls may want to tread with caution as volumes are to deplete and odds of profit-taking are also likely on the rise.”

Traditionally viewed as a safe-haven asset, gold has been supported by heightened geopolitical and trade tensions, steady central bank buying and expectations of lower interest rates next year.

A softer dollar has provided an additional tailwind by making the metal cheaper for overseas buyers.

Markets are currently pricing in two US rate cuts for next year despite the Federal Reserve signalling caution. Non-yielding assets such as gold tend to benefit in lower interest rate environments.

Simpson said two Fed rate cuts were pencilled in for 2026, with a faster US jobs slowdown and a shift to a more dovish Fed likely to add further upside to gold.

Saudi Arabia introduces new regulatory requirements for private schools

According to the ministry, the guidelines are designed to ensure optimal land use while providing a safe, well-integrated learning environment

Gulf Business
Gulf Business

22 December, 2025

Saudi Arabia introduces new regulatory requirements for private schools
Image credit: Getty Images

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The Ministry of Municipalities and Housing in Saudi Arabia has issued new municipal requirements for private schools and learning facilities, aimed at enhancing environmental quality while regulating safety standards and urban planning across the education sector.

The updated requirements cover nurseries, kindergartens, schools, and educational complexes, and apply to private educational buildings established on land designated for educational purposes. They also extend to facilities built on government land leased to the private sector, as well as buildings constructed on land allocated for commercial use, a Saudi Press Agency report said.

Read-Saudi schools go smart: Over 6 million students to learn AI from 2025

According to the ministry, the guidelines are designed to ensure optimal land use while providing a safe, well-integrated learning environment. The requirements follow specific controls and standards intended to align educational development with broader urban planning objectives.

Classification of educational facilities

The ministry clarified that private educational buildings include all facilities dedicated to teaching students across general education, international education, and community education stages. The regulations allow for more than one educational stage to be accommodated within the same facility, provided this is in line with the approved classification.

The requirements address both site conditions and architectural planning standards. Educational buildings must be located on two streets, one of which must be at least 25 metres wide. The number of floors must not exceed limits specified in the approved building code, and mandatory setbacks must be observed.

Nurseries are granted additional flexibility, as they may be located on a single street with a minimum width of 15 metres if housed in a standalone building. The regulations also permit the construction of internal residential facilities for students within licensed schools, provided these facilities are located in a building separate from the main educational structure.

The requirements for private educational buildings are available here.

Simon Chan, DG HKETO Dubai, on why Gulf investors are looking to Hong Kong

Chan shares why Gulf investors are increasingly viewing Hong Kong as a resilient gateway to Asia and the Chinese mainland

Neesha Salian
Neesha Salian

22 December, 2025

Simon Chan, DG HKETO Dubai, on why Gulf investors are looking to Hong Kong
Image: Supplied

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As economic ties between Asia and the Gulf continue to deepen, Hong Kong is strengthening its role as a strategic bridge between capital, innovation, and global markets. Since its establishment in 2021, the Hong Kong Economic and Trade Office in Dubai (HKETO Dubai) has played a growing role in facilitating two-way trade and investment across the GCC, while supporting collaboration in sectors ranging from finance and logistics to technology and sustainability.

Here, Simon Chan, director-general of HKETO Dubai, discusses how Hong Kong is engaging governments, investors, and businesses across the region amid shifting global dynamics.

From fintech, green finance, and innovation to Belt and Road cooperation and capital market connectivity, Chan outlines where Hong Kong–GCC partnerships are gaining traction, why Dubai was chosen as the regional base, and how Gulf investors are increasingly viewing Hong Kong as a resilient gateway to Asia and the Chinese mainland.

How does the Hong Kong Economic and Trade Office in Dubai strengthen trade and investment ties with the GCC?

HKETO Dubai is the official representative of the government of the Hong Kong Special Administrative Region (HKSAR) in the six member states of the Cooperation Council for the Arab States of the Gulf (GCC), including Bahrain, Oman, Kuwait, Qatar, Saudi Arabia and the UAE.

Its roles and functions include:

  • Facilitating trade and investment between Hong Kong and GCC countries: HKETO Dubai works to foster economic and trade relations between Hong Kong and the GCC countries in the Middle East, attract local businesses to invest in Hong Kong, and assist Hong Kong businesses in expanding into the Middle East market.
  • Promoting Hong Kong: Through various activities and channels, HKETO Dubai promotes Hong Kong’s strengths to the Middle East, including its free economic system, rule of law, and status as an international financial, trade, and transportation hub.
  • Enhancing bilateral co-operation: Apart from business and trade, HKETO Dubai strives to foster exchanges and co-operation between Hong Kong and the Middle East in various areas such as culture, education, and science and technology.

Which sectors hold the most potential for Hong Kong-Middle East collaboration in the coming years?

Since HKETO Dubai was established in October 2021, we have witnessed strong and growing interest from both sides in exploring new areas of collaboration. A wide range of Hong Kong businesses across a strikingly diverse set of industries – from traditional sectors of Hong Kong’s strengths, such as logistics, hospitality, tailoring and building management, to new industries like fintech, private equity, e-commerce and IT security– have taken steps to establish a presence or partnerships in the region.

Many prominent corporations, as well as small and medium enterprises from Hong Kong, have now made their mark in the region through local offices or partnerships.

At the same time, Middle Eastern firms are increasingly enquiring about Hong Kong for opportunities in areas such as F&B, logistics, IT, fintech, consumer electronics, other high-value sectors, and even niche sectors like camel milk and dates. Examples include:

  • A chamber of commerce opened an international office in Hong Kong in 2023
  • A major UAE real estate developer established its regional headquarters in Hong Kong in August 2025 to drive growth in its Asian business
  • A major UAE bank has a licensed branch in Hong Kong
  • A major UAE port operator has established operations in Hong Kong
  • A Saudi Arabian shipping company will also establish Hong Kong as its Asia-Pacific hub

In addition, we’ve also seen more of our startups and SMEs actively participating in regional events like GITEX to connect with partners and customers, while several GCC companies are also participating in key exhibitions in Hong Kong.

These mutual interests highlight not only the economic complementarity between Hong Kong and the GCC, but also the dynamism of the sectors driving our future co-operation.

Read: Why Hong Kong Science and Technology Park is a global innovation hub: CEO Terry Wong

HKETO Dubai offers support in three key areas:

We connect individual businesses and chambers of commerce interested in developing and expanding their businesses in the Middle East/ Hong Kong with relevant local government departments and chambers of commerce, provide information, and facilitate the establishment of local offices.

We are looking to establish a collaborative platform to closely communicate with various stakeholders, including local government departments, various organisations, and chambers of commerce, providing opportunities and information.

We continue to promote the signing of co-operation agreements between Hong Kong and GCC countries, such as the Investment Promotion and Protection Agreement and the Comprehensive Avoidance of Double Taxation Agreement, to ensure certainty and transparency for corporate investment.

How is Hong Kong engaging regional partners in innovation, fintech, and green technologies?

Hong Kong is engaging regional partners across the GCC in a strategic and multi-dimensional way, particularly in innovation, fintech, and green technologies.

As a leading international financial centre, it offers a full suite of investment and financing solutions for national, corporate, and individual clients across the Gulf, not just in the UAE and Saudi Arabia, but also in Qatar, Kuwait, Bahrain, and Oman.

For instance, Hong Kong is a top global IPO destination, ranked among the world’s top IPO markets for over a decade. Through the Mainland-Hong Kong Stock Connect, GCC investors can directly access A-shares in Shanghai and Shenzhen, while Mainland investors can invest in international companies listed on the Hong Kong stock market.

Moreover, two exchange-traded funds (ETFs) tracking the Saudi Arabian market are now listed on Hong Kong Exchanges and Clearing Limited (HKEX), and two ETFs tracking Hong Kong stocks are listed on the Saudi Exchange. They symbolise the ever-stronger capital market connectivity between Hong Kong and the GCC region.

As the world’s largest offshore Renminbi (RMB) centre, Hong Kong offers the widest range of RMB products. This positions us as the best platform for GCC investors looking to diversify into RMB-denominated assets, which are seeing growing demand globally.

Hong Kong is also Asia’s premier bond issuance hub, with a legal framework ready for Islamic bonds (Sukuk). Hong Kong continues to lead in green and sustainable finance, with strong policy support, robust ESG standards, and increasing cross-border green bond activity.

On the technology side, Hong Kong is a gateway to the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) – China’s innovation powerhouse. With unicorns and thousands of tech start-ups, the GBA offers exciting opportunities for GCC investors and entrepreneurs. Setting up tech-focused investment funds in Hong Kong to tap into the GBA ecosystem is a fast-rising strategy, and many GCC delegations have visited the GBA themselves to see for themselves.

Hong Kong and GCC countries have collaborated on an increasing number of financial and tech events: LEAP, one of the world’s most influential tech conferences in Saudi Arabia, will be held outside of the kingdom for the first time in Hong Kong in July 2026. This speaks volumes about our growing role as a hub for global tech exchange.

In addition, Hong Kong hosts an increasing number of flagship events that connect regional innovators and investors, such as Hong Kong FinTech Week, Asian Financial Forum, InnoEX, and Global Financial Leaders’ Investment Summit, with more and more participants from GCC. These platforms are helping to drive deeper Hong Kong-GCC collaboration in emerging technologies, sustainable finance, and digital transformation.

In fintech, Hong Kong’s ranking in fintech offering leapt further by three places to the first in the world in the current edition of the Global Financial Centres Index. Hong Kong is now promoting the steady development of the digital asset market by enhancing the legal and regulatory framework, offering a wider range of digital asset products and services. Beyond capital markets and innovation policy, we are also seeing strong on-the-ground engagement with many Hong Kong fintech firms entering the GCC market.

Meanwhile, our green technology is gaining a significant foothold in the GCC. In July, Oman Investment Authority (OIA) and Hong Kong-based Templewater launched the Energy Transition Fund worth $200m, the first dedicated fund of its kind in Oman, to accelerate investment in energy transition and advanced manufacturing in Oman in July.

The fund will focus on high-impact sectors including clean molecules, energy storage, e-fuels, smart mobility, renewables, and green data centres. Hong Kong green tech startups are exporting innovative solutions to the GCC, such as a producer of the world’s first 3D-printed reef tiles designed for coral growth, having set up in Abu Dhabi and now testing in Saudi Arabia’s Red Sea.

In what ways does Hong Kong’s role in the Belt and Road Initiative benefit Middle Eastern economies?

Hong Kong is widely recognised as a strategic platform for the Belt and Road Initiative (BRI), leveraging its unique “One Country, Two Systems” framework to serve as a vital connector between the Chinese Mainland and partner economies.

As a “super connector” and “super value-adder,” Hong Kong facilitates and adds value to government and business projects along the Belt and Road through its world-class professional services, legal expertise, and robust financial infrastructure.

GCC countries’ national visions and the Belt and Road Initiative align in their values and aspirations for achieving high-quality development through all-round co-operation, embracing economic diversification and innovation, as well as fostering friendship and facilitating exchanges.

As countries in the GCC and the Middle East advance their vision roadmaps across economic, social, human, and environmental dimensions, Hong Kong stands out as a natural and trusted partner, well-positioned to drive mutually beneficial collaboration across the BRI.

With its diversified financial services, including a deep and liquid stock market and a vibrant bond market, Hong Kong provides an ideal platform for Belt and Road governments and companies to raise capital for infrastructure, green transition, and community projects. As Asia’s leading green finance hub and a rising international green technology centre, it offers integrated financial and technological solutions that support partner economies in embracing sustainability and achieving net-zero targets.

Hong Kong also plays a key role in advancing high-quality development across the BRI by offering top-tier risk management and professional services, facilitating green finance, and serving as a hub for international project financing and offshore RMB business. It acts as a significant interconnector for inbound and outbound investments and a “bridgehead” for the digital RMB, with a growing focus on sustainable development and the digital economy.

Hong Kong is one of the most prolific sources of foreign direct investment in the Belt and Road. In 2023, our outward direct investment in Belt and Road countries and regions was $133bn. That’s 3.6 times the amount in 2013 and four times that of its overall outward direct investment growth, a clear sign that global capital converges here and deploys globally.

Given the complexity of BRI projects, legal issues and potential disputes are inevitable. Hong Kong’s reputation for trusted, efficient, and impartial legal and dispute resolution services makes it the ideal one-stop destination for managing such challenges. The city’s adherence to stringent environmental, social, and governance (ESG) standards, comprehensive intellectual property laws, and globally respected arbitration and mediation mechanisms further strengthen its value as a partner in BRI cooperation.

Since 2016, Hong Kong’s Belt and Road Summit has united governments, businesses, people and cultures in collaboration for change and rewarding opportunities. Over the past 10 years, more than 45,000 people from over 120 countries and regions have participated in the Summit. Together, they have presented over 2,800 projects along the Belt and Road, shaping a shared vision through collaboration and connectivity, which are the fundamental values of the Belt and Road Initiative.

The HKSAR government is rapidly expanding global trade networks. Our external trade with Belt and Road countries exceeded $276bn last year, up about 80 per cent since 2013, and three times the average growth rate of Hong Kong’s overall merchandise trade over the same period. Some 1,400 companies from Belt and Road countries have established a base in Hong Kong to seize these opportunities.

The Hong Kong Monetary Authority also established the Belt and Road HK Flagship Impact Fund with the Silk Road Fund Company, and initial capital totalling $1bn. We envision more frequent and closer trade and investment ties between Hong Kong and B&R countries.

Why was Dubai chosen as the regional base, and how do you work with governments and businesses here?

Dubai has a strategic location, world-class infrastructure, and is a leading gateway between Asia, the Middle East, Africa, and Europe. These strengths make Dubai an ideal partner and platform for deepening its engagement with the wider GCC and the Middle East region.

HKETO Dubai officially commenced operations in October 2021, reflecting the importance we place on our relationship with the UAE and the region as a whole. As part of Hong Kong’s global ETO network, the Dubai office is dedicated to fostering closer economic, trade, and cultural ties between Hong Kong and the GCC member states.

Our role here is multifaceted. We work actively with government authorities, business chambers, and the private sector to strengthen two-way investment, promote collaboration under the BRI, and create platforms for dialogue and partnership across key sectors.

HKETO Dubai also plays a vital role in helping businesses and investors across the region tap into the many unique opportunities Hong Kong offers. These include the city’s position within the GBA and the support of China’s National 14th Five-Year Plan, which positions Hong Kong as a global centre for innovation and technology, while enhancing its traditional strengths in finance, trade, logistics, legal and dispute resolution services, intellectual property trading, and cultural exchange.

As part of our continuous efforts to expand our overseas economic and trade network, it was announced in the 2024-25 budget that the HKSAR government planned to establish an economic and trade office (ETO) in Riyadh. We believe that the establishment of the proposed ETO in Riyadh would further enhance the bilateral relations between Hong Kong and the Middle East, especially Saudi Arabia.

How are UAE and Saudi investors viewing Hong Kong today amid global economic shifts?

UAE and Saudi investors increasingly view Hong Kong as a strategic, resilient, and forward-looking partner that offers unique access to the broader Asian market, including the Chinese mainland. Amid global economic shifts, we are seeing stronger momentum and deeper engagement from sovereign wealth funds and major listed companies in both countries.

Hong Kong is currently in active discussions with sovereign wealth funds in Dubai, Abu Dhabi, and Riyadh to help channel their investments into broader Asian markets and to facilitate outbound deals for Asian investors looking to expand into the Gulf. In the UAE, the Abu Dhabi Investment Office partnered with Hong Kong-based Arte Capital last year to support Chinese companies expanding into the Middle East, which demonstrates how Hong Kong-based firms are increasingly seen as enablers of two-way investment flows.

At the same time, Hong Kong is also working closely with major listed companies in the UAE and Saudi Arabia to explore cross-listing opportunities on the Hong Kong Stock Exchange (HKEX). Notably, the first Saudi exchange-traded fund (ETF) was launched on the HKEX at the end of last year, with its Hong Kong equivalent set to be launched in Saudi Arabia soon.

This growing financial connectivity is being reinforced at the institutional level. In July, the HKEX recognised the Abu Dhabi Securities Exchange and the Dubai Financial Market as recognised exchanges, paving the way for UAE-listed companies to apply for secondary listings in Hong Kong.

Earlier in February, the HKEX also signed an MoU with Saudi Arabia’s Tadawul exchange to explore cross-listings, deepening ties between our financial markets.

On the ground, we are also seeing strong interest from high-level UAE and Saudi delegations visiting Hong Kong to encourage local companies to expand into the Middle East, explore listing opportunities, and pursue strategic partnerships. For example, an official UAE delegation, led by Abdullah bin Touq Al Marri, Minister of Economy visited Hong Kong in 2023 to participate in the 8th Belt and Road Summit; Abu Dhabi Department of Economic Development (ADDED) led a high-level delegation of 140 senior officials and executives from the government and private sectors, including Abu Dhabi Global Market (ADGM), Abu Dhabi Investment Office (ADIO), Abu Dhabi Customs, Abu Dhabi Chamber of Commerce and Industry (ADCCI), ADNOC, Mubadala, KEZAD, Hub71, and major companies from different economic sectors, to Chinese Mainland and Hong Kong to further strengthen partnerships.

Meanwhile, organisations such as Saudi Arabia’s Aseer Development Authority are actively promoting upcoming investment opportunities and encouraging Hong Kong businesses to engage in meaningful dialogue, underscoring the shared commitment to building long-term, mutually beneficial partnerships.

Overall, there is a clear recognition that Hong Kong serves as a stable, well-regulated, and opportunity-rich gateway – not only into the Chinese Mainland and Asia, but also as a platform for capital, innovation, and business to flow in both directions between the Gulf and the broader region.

What message would you like to send to Gulf businesses considering Hong Kong as their Asia gateway?

Hong Kong is open, ready, and perfectly positioned to be your gateway to Asia.

It is one of the world’s most competitive economies, closely connected with major global trade centres. It is a dynamic, free, open, convenient and safe place to do business. We offer an exceptionally business-friendly environment, with one of the world’s lowest and simplest tax regimes, a highly liquid capital market, a freely convertible currency, free flow of capital, goods and information, a robust financial system and a common law legal system, and deep talent pools.

It is your direct gateway into the Chinese Mainland, particularly the dynamic GBA. Under the “One Country, Two Systems” policy, Hong Kong is the only city in the world to possess both Chinese and global advantages. As an international financial, shipping, and trade centre, Hong Kong is the only common law jurisdiction in the world with both Chinese and English as official languages, and the only common law jurisdiction in China.

Leveraging its unique advantage of “backed by the motherland and connected to the world,” Hong Kong serves as a unique two-way business platform for mainland companies to invest overseas and for overseas companies to enter the mainland, acting as a “super connector” and “super value-added provider” between the Chinese Mainland and other economies.

It also serves as a springboard into Southeast Asia and broader Asia-Pacific markets. Located in the heart of Asia, it serves as a global transportation hub, with flights to major Asian cities of less than four hours, and half the world’s population within a five-hour flight. Its laws on international investment, financing, and trade are aligned with those of major economies worldwide.

There is a world of opportunities in Hong Kong for Gulf businesses and investors – from traditional and new energies to smart cities, infrastructure, logistics, financial technology, and biotechnology. Our thriving ecosystem supports both established enterprises and innovative startups, making Hong Kong an ideal base for expansion into Asia.

We are also witnessing a powerful convergence of economic goals. Gulf governments are actively diversifying their economies, moving beyond oil through investments in manufacturing, innovation, tourism, foreign direct investment, and high-tech industries. These national strategies are well aligned with Hong Kong’s strengths, offering abundant opportunities for our businesses, professionals, and entrepreneurs across sectors, including architecture, engineering, green tech, finance, insurance, logistics, new energy, and professional services.

At the same time, GCC governments are heavily investing in infrastructure to support this transformation, and there is strong potential for Hong Kong and mainland enterprises to play a meaningful role. We have world-class experience in infrastructure development, urban planning, and large-scale project financing. With the rise of public-private partnerships (PPPs) across the region, Hong Kong can offer expertise, capital, and execution capabilities that contribute to long-term, sustainable growth.

Therefore, if you are looking to tap into Asia’s growth, diversify your portfolio, or find a trusted partner to deliver on large-scale ambitions, Hong Kong is your ideal starting point.

Built for all seasons: How incentives are fuelling UAE tourism investment

The country’s rich biodiversity further enhances its appeal, combining deserts, oases, mountains, valleys and beaches within a single destination

Nida Sohail
Nida Sohail

22 December, 2025

Built for all seasons: How incentives are fuelling UAE tourism investment
Image credit: WAM/Website

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The UAE has recorded exceptional strides in its tourism sector, strengthening its position as one of the world’s most attractive destinations for visitors and investors alike.

Growth in international appeal, rising visitor spending and expanding infrastructure have combined to deliver strong investment returns, underpinned by a highly competitive business environment.

Read more-UAE tourism sector hits Dhs257.3bn in 2025, breaks visitor records

These achievements form part of an integrated national strategy designed to reinforce the UAE’s standing among the world’s leading tourist destinations, according to a report by the Emirates News Agency (WAM). The strategy reflects a coordinated approach that links tourism growth with investment facilitation, infrastructure development and long-term economic diversification.

The UAE has introduced a wide range of incentives aimed at attracting investment and stimulating entrepreneurship and innovation in a sector experiencing sustained growth. The tourism industry continues to benefit from powerful drivers rooted in the country’s natural, social and legislative strengths, which together have positioned the UAE as a year-round destination.

Chief among these advantages is the country’s mild and distinctive winter season, which has helped cement its reputation as a preferred destination during periods when demand softens in other markets. This seasonal appeal is supported by the UAE’s strategic location linking East and West, offering accessibility to a broad range of global markets.

The country’s rich biodiversity further enhances its appeal, combining deserts, oases, mountains, valleys, plains and beaches within a single destination. These natural assets are complemented by economic and political stability, a society grounded in values of religious tolerance and coexistence, and a calendar of year-round events supported by robust infrastructure.

A wide range of accommodation options, from luxury to mid-market offerings, has also contributed to the sector’s resilience and attractiveness for investors seeking diversified returns.

Global rankings underscore sector strength

As a result of these advantages, the UAE has secured leading positions in global tourism rankings. The country has been placed among the world’s top seven destinations for international tourist spending and ranked first globally across several competitiveness indicators related to aviation and travel.

In particular, the UAE leads the world in the quality of air transport infrastructure, reflecting decades of sustained investment in airlines, airports and connectivity. These rankings have reinforced the country’s global tourism profile and supported further inflows of capital into the sector.

The tourism and travel sector recorded strong growth in the first half of the current year, with hotels welcoming more than 16 million guests. By the end of the first half, the UAE had 1,243 hotel establishments offering over 216,000 rooms.

The expansion of hotel capacity continued during 2024, with 16 new hotels entering the market. This growth reflects confidence in sustained visitor demand and highlights the pace at which tourism infrastructure continues to scale in response to market opportunities.

Campaigns and initiatives support entrepreneurs

The “World’s Coolest Winter” campaign, launched this year under the slogan “Our Winter is Entrepreneurial,” has played a key role in highlighting incentives and facilitation measures available to investors. The campaign focuses on supporting tourism entrepreneurs and advancing business opportunities across the sector.

Beyond promotional efforts, the UAE has strengthened its tourism appeal through a series of national initiatives and projects. These include the National Tourism Charter, the UAE Hospitality Summer Camp initiative, expanded support for domestic tourism, and the promotion of new destinations across the country.

The government has also increased international engagement with global tourism organisations and integrated tourism concepts into educational curricula, reinforcing long-term sector development and workforce readiness.

The Ministry of Economy and Tourism is currently implementing a suite of digital initiatives under the UAE Tourism Strategy 2031. These projects include efforts to electronically link hotel establishment data with local tourism authorities, enhancing coordination, transparency and efficiency across the sector.

Looking ahead to 2026, the ministry plans to develop new projects aimed at diversifying tourism products and enhancing visitor experiences. These initiatives will focus on accelerating digital transformation through innovative solutions and advanced technologies, while embedding sustainability across tourism activities and services.

Long-term investment and infrastructure development

Over several decades, the UAE has enabled extensive investment in tourism by government entities, Emirati investors and international investors. This investment has spanned major infrastructure such as airlines, airports, hotels and distinctive tourism and leisure facilities.

In parallel, the country has developed modern tourism products, premium experiences, and cultural and heritage programmes, particularly over the past decade. These efforts have broadened the sector’s offerings and supported its evolution into a diversified, experience-driven industry.

The tourism sector continues to witness broad-based growth, supported by the large-scale expansion of tourism and hospitality infrastructure projects. These developments have bolstered investor confidence and opened new horizons for growth.

Government tourism authorities are working closely with private-sector companies to accelerate sectoral growth and establish global partnerships. These efforts aim to ensure the highest standards of service quality, align hotel classifications with service benchmarks, and deliver value that meets visitors’ expectations.

The UAE offers extensive facilitation measures for entrepreneurs seeking to develop tourism investments. These include tax exemptions, 100 per cent foreign ownership of businesses, flexibility in selecting from more than 40 free zones, and the ability to conduct economic activities without the requirement of a local sponsor.

Additional advantages include no minimum capital requirements, no income tax and full profit repatriation, creating a highly attractive operating environment for global investors.

Residency, talent and legislative reform

These incentives are complemented by long-term residency permits ranging from five to ten years, ease of recruiting skilled labour, and a flexible labour framework. Together, these factors position the UAE as a global hub for talent, human capital and innovation.

Further support comes from initiatives promoting innovation and technology, the development of advanced tourism infrastructure and products, and updated policies aligned with global economic trends.

To further enhance the sector’s attractiveness, the UAE introduced the most extensive legislative amendments in its history starting in 2021. These reforms updated laws and regulations to ensure economic sectors remain aligned with future transformations.

Strategy 2031 targets strong economic impact

The National Tourism Strategy 2031 aims to strengthen the UAE’s global tourism identity and consolidate its status as a leading destination built on the diverse offerings of its seven emirates.

Through coordination between public and private-sector partners, the strategy targets raising tourism’s contribution to national GDP to Dhs450bn, achieving annual growth of Dhs27bn, attracting Dhs100bn in new tourism investments, and welcoming 40 million hotel guests in the coming years.

The impact of these facilitation measures is reflected in record investment figures. Tourism investments reached Dhs28.8bn in 2023, increased to Dhs32.2bn in 2024, and are projected to reach Dhs35.2bn in 2025.

During the first eight months of 2025, UAE airports handled approximately 102.9 million passengers, representing a 5.3 per cent increase compared to the same period in 2024.

International visitor spending totalled Dhs217.3bn in 2024, up 5.8 percent from 2023 and 30.4 per cent compared to 2019. Domestic tourism spending reached Dhs57.6bn, reflecting year-on-year growth of 2.4 per cent and a 41 per cent increase compared to 2019.

In recognition of its performance, the UAE ranked first regionally and 18th globally in the World Economic Forum’s 2024 Travel & Tourism Development Index. The country leads the world in travel and tourism data provision and air transport infrastructure, ranks second globally in infrastructure and services, and third in data comprehensiveness, efficiency of air transport services, and travel and tourism policy and infrastructure.

Together, these indicators underscore the UAE’s position as a global tourism powerhouse and a leading destination for long-term investment.

Elon Musk’s net worth jumps to $749bn after court restores Tesla pay deal

Musk’s 2018 pay package, once worth $56bn, was restored by the Delaware Supreme Court on Friday

Reuters
Reuters

22 December, 2025

Elon Musk’s net worth jumps to $749bn after court restores Tesla pay deal
Image: Getty Images

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Tesla TSLA.O CEO Elon Musk’s net worth surged to $749bn late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139bn that were voided last year, according to Forbes’ billionaires index.

Musk’s 2018 pay package, once worth $56bn, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as “unfathomable.”

The Supreme Court said that a 2024 ruling that rescinded the pay package had been improper and inequitable to Musk.

Read: SpaceX targets 2026 IPO with valuation above $1tn, sources say

Earlier this week, Musk became the first person ever to surpass $600bn in net worth on the heels of reports that his aerospace startup SpaceX was likely to go public.

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