The UAE’s private sector is getting ready to implement mandatory e-invoicing in phases from July 1, 2026, that is expected to reduce downtime, increase transparency, and improve the collection of Value-Added Tax (VAT) and Corporate Tax.
Siemens, a industrial technology major, has announced the official opening of its first Siemens Digital Industries Software office in Saudi Arabia, thus marking a significant step in its commitment to supporting the Kingdom's Vision 2030 and its rapidly expanding digital economy.
The global digital economy is expected to grow by 9.5% next year, three times faster than the global economy, according to the Digital Economy Trends (DET) 2026 report. It is projected to reach an estimated $28 trillion in 2026, representing 22% of global GDP.
Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, supported the establishment and expansion of 582 digital startups during the first nine months of 2025.
