THE LIFESPAN OF LARGE APPLIANCES IS SHRINKING
Appliance technicians blame a push toward computerisation and an increase in the quantity of components inside a machine.
Appliance technicians blame a push toward computerisation and an increase in the quantity of components inside a machine.
Our refrigerators, washing machines and ovens can do more than ever, from producing symmetrical ice cubes to remotely preheating on your commute home. The downside to all these snazzy features is that the appliances are more prone to breaking.
Appliance technicians and others in the industry say there has been an increase in items in need of repair. Yelp users, for example, requested 58% more quotes from thousands of appliance repair businesses last month than they did in January 2022.
Those in the industry blame a push toward computerisation, an increase in the quantity of individual components and flimsier materials for undercutting reliability. They say even higher-end items aren’t as durable.
American households spent 43% more on home appliances in 2023 than they did in 2013, rising from an inflation-adjusted average of $390 to $558, according to Euromonitor International. Prices for the category declined 12% from the beginning of 2013 through the end of 2023, according to the Labor Department.
One reason for the discrepancy between spending and prices is a higher rate of replacement, say consumers, repair technicians and others. That’s left some people wishing they had held on to their clunky ’90s-era appliances and others bargaining with repair workers over intractable ice makers and dryers that run cold.
“We’re making things more complicated, they’re harder to fix and more expensive to fix,” says Aaron Gianni, the founder of do-it-yourself home-repair app Plunjr.
Sharon J. Swan spent nearly $7,000 on a Bosch gas range and smart refrigerator. She thought the appliances would last at least through whenever she decided to sell her Alexandria, Va., home and impress would-be buyers.
That was before the oven caught fire the first time she tried the broiler, leading to a 911 call and hasty return. The ice-maker in the refrigerator, meanwhile, is now broken for the third time in under two years. Bosch covered the first two fridge fixes, but she says she’s on her own for the latest repair, totalling $250, plus parts.
“I feel like I wasted my money,” says the 65-year-old consultant for trade associations.
A Bosch spokeswoman said in an emailed statement that the company has been responsive to Swan’s concerns and will continue to work with her to resolve ongoing issues. “Bosch appliances are designed and manufactured to meet the highest quality standards, and they are built to last,” she said.
Kevin and Kellene Dinino wish they had held on to their white dishwasher from the ’90s that was still working great.
The sleeker $800 GE stainless steel interior dishwasher they purchased sprang a hidden leak within three years, causing more than $35,000 worth of damage to their San Diego kitchen.
Home insurance covered the claim, which included replacing the hardwood down to the subfloor and all their bottom cabinetry, but kicked the Dininos off their policy. The family also went without access to their kitchen for months.
“This was a $60 pump that was broken. What the hell happened?” says Kevin, 45, who runs a financial public-relations firm.
A GE Appliances spokeswoman said the company takes appliance issues seriously and works quickly to resolve them with consumers.
Peel back the plastic on a modern refrigerator or washing machine and you’ll see a smattering of sensors and switches that its 10-year-old counterpart lacks. These extra components help ensure the appliance is using only the energy and water it needs for the job at hand, technicians say. With more parts, however, more tends to go wrong more quickly, they say.
Mansoor Soomro, a professor at Teesside University, a technical college in Middlesbrough, England, says home appliances are breaking down more often. He says that manufacturers used to rely mostly on straightforward mechanical parts (think an on/off switch that triggers a single lever). In the past decade or so, they’ve transitioned to relying more on sophisticated electrical and computerised parts (say, a touch screen that displays a dozen different sensor-controlled wash options).
When a complicated machine fails, technicians say they have a much harder time figuring out what went wrong. Even if the technician does diagnose the problem, consumers are often left with repairs that exceed half the cost of replacement, rendering the machine totalled.
“In the majority of cases, I would say buying a new one makes more economic sense than repairing it,” says Soomro, who spent seven years working at Siemens , including in the home-appliances division.
These machines are also now more likely to be made with plastic and aluminium rather than steel, Soomro says. High-efficiency motors and compressors, too, are likely to be lighter-duty, since they’re tasked with drawing less energy .
A spokeswoman for the Association for Home Appliance Manufacturers says the industry has “enhanced the safety, energy efficiency, capacity and performance of appliances while adding features and maintaining affordability and durability for purchasers.” She says data last updated in 2019 shows that the average life of an appliance has “not substantially shifted over the past two decades.”
Kathryn Ryan and Kevin Sullivan needed a new sensor to fix their recently purchased $1,566 GE Unitized Spacemaker washer-dryer. GE wasn’t able to fix the sensor for months, so the couple paid a local technician $300 to get the machine working.
The repairman also offered them a suggestion: Avoid the sensor option and stick to timed dries.
“You should be able to use whatever function you please on a brand new appliance, ideally,” says Sullivan, a 32-year-old musician in Burbank, Calif.
More features might seem glamorous, Frontdoor virtual appliance tech Jim Zaccone says, but fewer is usually better.
“Consumers are wising up to the failures that are happening and going, ‘Do I really need my oven to preheat while I’m at the grocery store?’” jokes Zaccone, who has been in the appliance-repair business for 21 years.
He just replaced his own dishwasher and says he bought one with “the least bells and whistles.” He also opted for a mass-market brand with cheap and readily available parts. Most surprisingly, he chose a bottom-of-the-line model.
“Spending a lot of money on something doesn’t guarantee you more reliability,” says Zaccone.
Saudi Arabia’s move to fully open its equity market—by abolishing the QFI framework from February 2026—marks a major shift in capital market policy, boosting Tadawul sentiment, improving liquidity prospects, and positioning the Kingdom as a stronger long-term investment destination aligned with Vision 2030.
Four Winds Saudi Arabia Limited has announced its official membership in the Saudi–French Business Council, marking a key milestone in its international expansion strategy. The move strengthens commercial and logistics cooperation between Saudi Arabia and France, supporting Saudi Vision 2030 and reinforcing the Kingdom’s position as a growing global logistics hub.
Saudi Arabia’s non-oil private sector stayed in growth territory in December, despite a slowdown in momentum. The Riyad Bank PMI eased to 57.4 from 58.5 in November, remaining above its long-term average and signaling continued resilience amid softer new order growth and rising cost pressures.
Announced at the Future Minerals Forum in Riyadh, the strategic partnership sees Thara Future Investments acquire an equity stake in Golden Compass, supporting its expansion into a fully integrated national mining services champion. The move will drive investment in infrastructure, digitalization, advanced labs, and national talent, reinforcing mining as a key pillar of Saudi Arabia’s economic diversification under Vision 2030.
Golden Compass for Mining Services, one of Saudi Arabia’s leading providers of mining services and geological consultancy, jointly owned by Naif Alrajhi Investment and Rasi Investment, has announced the signing of a strategic partnership agreement with Thara Future Investments, marking a significant step toward building a fully integrated national mining services champion in the Kingdom. Under the agreement, Thara Future Investments will acquire a strategic equity stake in Golden Compass, supporting the company’s next phase of growth and long-term value creation.
The partnership was announced during the fifth edition of the Future Minerals Forum, held in Riyadh from January 13 to 15. It reflects the partners’ shared commitment to advancing Saudi Arabia’s mining sector as a core pillar of the national economy and a key contributor to industrial development and diversification.
In light of this strategic partnership, Golden Compass plans to implement an ambitious expansion strategy aimed at strengthening its leadership position in the mining sector. The plan includes investments in infrastructure, the enhancement of human capital, digitalization, and the further development of the company’s service portfolio.
The strategy also encompasses the expansion of drilling rigs, the establishment of a specialized data center, and the development of a state-of-the-art geochemical laboratory in partnership with the world’s leading analytical services provider, in line with the highest international standards.
In addition, the plan includes expanding the heavy equipment fleet and investing in the training of specialized national talent, reinforcing Golden Compass’s position as a national partner contributing to the advancement and alignment of the Kingdom’s mining sector strategy.
Naif bin Saleh Alrajhi, Chairman and CEO of Naif Alrajhi Investment Group, said the agreement represents a strategic step that reflects the Group’s commitment to supporting the national economy through investment in the mining sector. He described mining as the third pillar of the Saudi economy and a key driver for economic diversification and local content development, in line with Vision 2030.
He added: “This partnership will contribute to building a leading national mining entity that strengthens governance and investment frameworks while enables expansion into high-value projects within this promising sector.”
Eng. Meshary Al-Ali, Chairman of Rasi Investment and Founder & CEO of Golden Compass and, said the entry of Thara Future Investments as a strategic partner reflects strong confidence in the company’s expansion plans and long-term strategy.
“This partnership will enhance Golden Compass’ operational capabilities enabling the delivery of fully integrated services across the mining value chain, from exploration, drilling, to operations, while opening new opportunities for innovation and improving operational efficiency in support of sustainable sector development,” he said.
Al-Ali reaffirmed the company’s commitment to advancing its operational ecosystem and building highly qualified national talent capable of delivering world-class services, supporting Saudi Arabia’s ambition to become a regional (super region) and global mining hub.
Hisham Mohammed Attar, Co-founder and managing partner of Thara Future Investments, said: “Golden Compass possesses advanced capabilities that enable the delivery of a wide range of essential support services for mining operations. This partnership forms part of our broader growth and expansion strategy within the mining sector.”
The partnership comes 11 years after the founding of Golden Compass, during which the company has delivered numerous government projects and initiatives under the strategy of the mining sector partnering with the Ministry of Industry and Mineral Resources and the Saudi Geological Survey.
Since its establishment in 2015 as a specialized drilling and geological mining consultancy, Golden Compass has operated in six countries and secured strategic partnerships that have accelerated its growth and transformation.
Today, the company is positioned as a fully integrated mining services provider in Saudi Arabia, supported by outstanding operational capabilities and a comprehensive service offering.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Taiwan Semiconductor Manufacturing Company (TSMC) is set to report earnings this week with investor expectations elevated, as strong AI-driven demand continues to underpin share performance. Analysts say margin expansion, heavy investment in advanced chip capacity, and progress on next-generation technologies will be key areas of focus, reinforcing TSMC’s role as a central beneficiary of the global AI boom.
Taiwan Semiconductor Manufacturing Company (TSMC) is set to report its latest earnings this week, with investor expectations running high as the world’s largest contract chipmaker remains firmly at the center of the global AI boom.
TSMC shares are already up around 8% so far in 2026, building on a rally that has seen the stock more than triple over the past three years. That surge has been driven by relentless demand for advanced chips used in AI data centers, reinforcing the company’s critical role in powering next-generation technologies.
“Forecasts point to December-quarter revenue rising by roughly 18% year-on-year, with operating margins expected to push above 50%, the highest level in around three years,” said Sam North, Market Analyst at eToro. “While top-line growth is starting to slow, margin expansion is the key story. It shows TSMC is not just growing, but doing so profitably, despite heavy investment in new capacity.”
TSMC is currently in the midst of one of the largest investment cycles in its history, with capital expenditure expected to exceed USD 150 billion over the next three years. While the scale of that spending is significant, markets have largely welcomed the move.
“Demand for cutting-edge chips is stretching capacity, and this looks structural rather than cyclical,” North added. “That’s why scale matters. TSMC is ramping up its next-generation 2nm technology, and expectations are that this node could scale quickly and become a meaningful contributor to revenue as soon as next year.”
Beyond the headline earnings figures, investor attention is likely to focus on management guidance, particularly commentary around 2026 revenue growth, margins, and capital expenditure.
“If TSMC can show it is executing steadily while scaling advanced nodes, investors are likely to be impressed,” North said. “The bottom line is that TSMC remains one of the clearest ways investors are choosing to express long-term confidence in artificial intelligence.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Interior designer Thomas Hamel on where it goes wrong in so many homes.
Heightened geopolitical tensions have reinforced the US dollar’s role as a safe haven, lifting both the greenback and gold, while Latin American currencies outperformed despite regional uncertainty, according to Ebury, as markets now turn their focus to this week’s critical US inflation data.
The US dollar confirms that it remains a safe haven for investors worried at times of global conflict. Maduro’s capture, US seizure of unregistered oil tankers, Trump’s threats on Denmark and the Iranian protests all contributed to a sense of anxiety and the dollar rallied against its peers, as did gold. The December payroll report on Friday had little impact on markets, other than confirming that we are unlikely to see a Fed cut later this month. Notable outperformance came from Latin American currencies, in spite of the Venezuela crisis, once again showing that the world increasingly views the region as relatively isolated from global turmoil.
Enrique Díaz-Álvarez, Chief Economist at Ebury said: “Next week, markets will focus on the critical US CPI inflation report for December, which releases on Tuesday. Because the previous month’s report was plagued by insufficient data due to the federal shutdown, this week’s number packs twice as much information as usual. While data from the Eurozone will be sparse, significant November economic data, particularly monthly GDP growth, is due on Thursday. In addition, we expect unpredictable geopolitical developments on a number of fronts.”
The December PMI indices revised business activity lower, and the tone of UK data released last week was generally downbeat. As a result, Sterling underperformed somewhat most other European currencies, particularly the Euro. Nevertheless, traders continue to pare their bets on Bank of England cuts, and now expect less than two full 25bp moves in 2026. Relatively high rates should continue to support the pound.
Germany’s troubled industrial sector saw some genuinely hopeful reports last week. November industrial production surprised to the upside. Even more surprising was a blowout number for factory orders, which bodes well for future activity and may signal that the impact from the massive fiscal stimulus and defense spending package is finally starting to be felt. With inflation seemingly under control, the ECB is in a good place to keep rates steady throughout 2026. The progressive closing of the interest rate gap with the US and positive economic news should support the common currency over the next few weeks.
The December employment report did not change in the least the narrative about the US labor market: steady growth and a low fire, low hire labor market. The most hopeful data point was a tick down in the unemployment rate. This confirms that this unusual economy is nowhere near a traditional recession. This week’s inflation data is perhaps the most important report in months. Much of the consensus around the path of Federal Reserve cuts has been built on the expectations that inflation is headed down, however gently, and needs to be confirmed by this week’s data.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Following the devastation of recent flooding, experts are urging government intervention to drive the cessation of building in areas at risk.
Saudi Arabia’s move to fully open its equity market—by abolishing the QFI framework from February 2026—marks a major shift in capital market policy, boosting Tadawul sentiment, improving liquidity prospects, and positioning the Kingdom as a stronger long-term investment destination aligned with Vision 2030.
Saudi Arabia’s decision to fully open its main equity market to all foreign investors represents a structural inflection point in the Kingdom’s capital markets. By abolishing the Qualified Foreign Investor (QFI) framework effective February 1, 2026, the Capital Market Authority is removing a long-standing gatekeeping mechanism that limited direct participation to large, institutionally vetted investors. The regulatory shift materially lowers barriers to entry, expanding the potential investor base to include smaller asset managers, hedge funds, and family offices, and aligning Saudi Arabia more closely with open-market norms in developed financial systems.
The immediate positive reaction in the Tadawul All Share Index , which rose 1.60% to 10,455.14, underscores market expectations that increased foreign participation will translate into improved liquidity, tighter spreads, and more efficient price discovery. This rebound is notable given the market’s more than 13% decline in the last year, suggesting that investors view the reform not as a symbolic gesture but as a meaningful catalyst for re-rating. Enhanced liquidity is particularly critical as the government advances a substantial pipeline of privatizations and capital-intensive Vision 2030 projects, which will require sustained access to deep and diversified pools of capital.
From a strategic perspective, the move intensifies competition with the UAE for regional financial primacy. While Emirati markets have historically benefited from more permissive foreign ownership regimes, Saudi Arabia is now offering sectoral breadth, and direct exposure to one of the fastest-growing large economies outside the oil sector. Sectorally, banks, construction firms, and materials producers are positioned to benefit most in the near term, reflecting foreign investors’ likely focus on credit expansion and infrastructure-led growth. Overall, the policy shift signals Saudi Arabia’s intent to embed its equity market more firmly within the global financial system, reducing structural frictions and enhancing its appeal as a long-term investment destination.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Four Winds Saudi Arabia Limited has announced its official membership in the Saudi–French Business Council, marking a key milestone in its international expansion strategy. The move strengthens commercial and logistics cooperation between Saudi Arabia and France, supporting Saudi Vision 2030 and reinforcing the Kingdom’s position as a growing global logistics hub.
Four Winds Saudi Arabia Limited, a leader in comprehensive and integrated moving and logistics services since 1979, announced today that it has officially obtained membership in the Saudi–French Business Council (CAFS). This milestone comes as part of the company’s ambitious strategy to expand its international partnerships and unlock new opportunities for commercial and logistics cooperation between the Kingdom of Saudi Arabia and France.
Through its membership in the Saudi–French Business Council, Four Winds Saudi Arabia Limited will play an active role in strengthening economic ties between the two countries’ business communities by delivering world-class logistics solutions that support bilateral trade and investment.
Nizar Al Mani, CEO of Four Winds Saudi Arabia Limited, said: “We are honored to join the Saudi–French Business Council, one of the leading platforms driving bilateral economic growth. This step underscores our commitment to supporting the goals of Saudi Vision 2030 by strengthening the Kingdom’s role as a global logistics hub—enhancing trade flows and streamlining supply chains between the Saudi market and European markets, particularly France.”
This new membership will enable Four Winds Saudi Arabia Limited to participate in economic meetings and forums organized by the Saudi–French Business Council, while collaborating with leading French companies in transportation, warehousing, and supply chain management. These engagements will facilitate knowledge transfer and support the localization of international best practices within the Saudi logistics sector.
Established in 2003 under the umbrella of the Federation of Saudi Chambers, the Saudi–French Business Council is a leading economic platform dedicated to strengthening trade and investment relations between Saudi Arabia and France. The Council facilitates engagement between the business communities of both countries, organizes economic forums to promote investment opportunities, and works to address challenges faced by investors and companies in both markets.
Established in 1979, Four Winds Saudi Arabia Limited, a Saudi leader in comprehensive and integrated moving and logistics services, has become a cornerstone in the moving and logistics sector, offering comprehensive and integrated services. With over four decades of expertise, the company has earned a distinguished reputation as one of the most trusted providers in the Kingdom of Saudi Arabia and Bahrain. Its partnerships and robust relations with leading international organizations—including IATA, FIATA, IAM, and FIDI—underscores its dedication to quality and customer satisfaction.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Saudi Arabia’s non-oil private sector stayed in growth territory in December, despite a slowdown in momentum. The Riyad Bank PMI eased to 57.4 from 58.5 in November, remaining above its long-term average and signaling continued resilience amid softer new order growth and rising cost pressures.
Saudi Arabia’s non-oil private business sector remained firmly in growth territory in December although the pace of expansion eased to its slowest in four months, and new order growth continued to decelerate, a survey showed on Monday.
The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) fell to 57.4 in December from 58.5 in November, indicating a cooling of growth for the second consecutive month. Despite the slowdown, the headline PMI reading was slightly stronger than its long-run average of 56.9.
PMI readings above 50.0 indicate growth in activity, while those below point to contraction.
Output levels across non-oil businesses rose sharply, driven by increased new business, ongoing projects, and heightened investment spending. However, the rate of growth was the least pronounced since August.
The new orders subindex retreated to 61.8 in December from November’s 64.6 reading but the pace of expansion was the slowest in four months. Firms cited improving economic conditions and successful marketing campaigns as key drivers but expressed concerns over market saturation.
“Export demand recorded a marginal increase for the fifth consecutive month, but the latest rise was the weakest in this sequence, suggesting that external demand remains supportive but uneven,” said Naif Al-Ghaith, Riyad Bank’s chief economist.
“Overall, demand conditions point to resilience rather than acceleration as firms navigate a more competitive environment,” he added.
Employment growth remained strong, with companies continuing to expand their workforces. However, inflationary pressures intensified, with input prices rising sharply due to higher purchase costs, leading to increased output prices.
Business confidence for the year ahead was subdued, dampened by concerns over rising market competition, with only moderate expectations for future growth.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Saudi Arabia’s National Debt Management Center has finalised a $13 billion, seven-year syndicated loan to help finance power, water, and public utilities projects. The transaction supports the Kingdom’s medium-term debt strategy, diversifies funding sources, and advances infrastructure development aligned with Vision 2030.
Saudi Arabia’s National Debt Management Center had finalized the arrangement of a $13 billion, seven-year syndicated loan to help finance power, water and public utilities projects.
The transaction is a part of the kingdom’s medium-term debt strategy, which aims to diversify funding sources and meet financing needs over the medium to long term.
“This transaction aims to leverage market opportunities to execute alternative government financing activities that contribute to economic growth, including the financing of development and infrastructure projects aligned with Saudi Vision 2030,” the center said in a statement. Saudi Arabia, the world’s top oil exporter, is more than halfway through its Vision 2030 blueprint for economic transformation.
The strategy, introduced by de facto ruler Crown Prince Mohammed bin Salman in 2016, calls for hundreds of billions of dollars in government investments to wean the kingdom’s economy off its dependence on hydrocarbon revenue.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The UAE Government has issued two Federal Decree Laws regulating the Capital Markets Authority and the capital markets sector, strengthening market stability, regulatory independence, and consumer protection, while aligning with international standards to reinforce the UAE’s position as a leading global financial centre.
The UAE Government has issued a federal decree law concerning the Capital Market Authority and a federal decree law concerning the Regulation of Capital Markets, as part of the UAE’s ongoing efforts to modernise the legislative and regulatory framework governing the financial sector and enhance its stability, efficiency, and competitiveness.
The Decree Laws also further alignment of the national regulatory ecosystem with the highest international standards and reinforce the independence of the Capital Market Authority and its role in safeguarding the soundness and stability of the capital markets sector and ensuring fair competition.
The two Federal Decree Laws aim to preserve the stability and integrity of the capital markets sector and define the core mandates of the Capital Market Authority, foremost among which are regulating licensed financial activities and issuers, supervising and overseeing them in accordance with international standards, issuing regulations and standards to ensure fair and effective financial practices, supporting principles of governance, monitoring and analysing system-related risks, and developing the global standing of the UAE capital markets sector as a financial centre with a strong international reputation.
The two Federal Decree Laws seek to enhance alignment with global best practices and compliance with the requirements of international organisations concerned with the financial sector, including the International Organization of Securities Commissions, the World Bank, the International Monetary Fund, and the recommendations of the Financial Action Task Force, among other requirements that contribute to improving international assessments. Additionally, the two Decree Laws support enhanced international cooperation, facilitate mutual recognition procedures, and enable the recognition of financial products across jurisdictions.
In the area of consumer protection and financial inclusion, the two Federal Decree Laws establish an integrated framework that obliges licensed persons to enable all community segments to access appropriate financial services, in line with digital transformation and financial technology developments, while supporting sustainability and leadership in financial activities and services.
The framework also provides for national awareness programmes in cooperation with the financial sector and civil society institutions, and affirms the continuation of established positive practices, particularly those related to aligning credit facilities with client income levels and protecting clients from irresponsible practices.
The Federal Decree Law concerning the Regulation of Capital Markets introduces proactive early intervention measures to address indicators of deterioration in the financial position of licensed persons, to ensure the financial stability of financial activities and services and protect clients.
These measures include activating recovery plans, imposing additional capital and liquidity requirements, adjusting strategies and administrative and operational structures, appointing temporary committees or placing licensed persons under direct administration, taking merger, acquisition, or liquidation measures when necessary, and applying special measures where a licensed person fails to rectify its position.
Pursuant to the Decree Law, the Capital Markets Authority, in its capacity as the resolution authority, plays a central role in managing financial crises through the dismissal and appointment of management, the appointment of a temporary administrator to manage the licensed person and its assets, capital restructuring, and the implementation of rescue measures to ensure the continuity of critical activities.
With regard to administrative sanctions, the Decree Laws provide for raising administrative fines in proportion to the gravity of violations and the size of transactions, and authorise the Authority to impose proportional fines of up to ten times the profit realised by the violator or the 10 times the value of the loss avoided.
It also allows for reconciliation with violators prior to the issuance of final judicial decisions and permits the publication of sanctions on the official website of the Capital Markets Authority, thereby enhancing transparency and market discipline.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Abu Dhabi Government has enacted a new Human Resources Law, effective 1 January 2026, to modernise its employment framework and position the government as an employer of choice. The legislation embeds meritocracy across recruitment, promotion, and rewards, introduces competitive benefits and flexible work models, and strengthens learning and career progression pathways. Designed to attract, develop, and retain high-performing talent across critical sectors, the law supports Abu Dhabi’s vision for a future-ready, agile, and high-performing government workforce.
Abu Dhabi Government has enacted comprehensive human resources legislation to modernize its employment framework, positioning the government as an employer of choice for high-performing professionals, and embedding meritocracy across its workforce of more than 25,000. The law takes effect on 1st January 2026.
The 2026 Human Resources Law transforms how Abu Dhabi Government attracts, develops, and retains talent. It establishes merit-based systems for recruitment and advancement, introduces competitive benefits that appeal to top performers, and creates clear pathways for career progression based on capability and results rather than tenure.
The legislation reflects a strategic shift toward building a high-performing, agile workforce equipped to deliver modern public services. By aligning government employment with best practices in talent management, the law strengthens Abu Dhabi’s ability to compete for skilled professionals and experts in critical fields including AI, technology, policy, and specialized services.
Ahmed Tamim Hisham Al Kuttab, Chairman of the Department of Government Enablement (DGE), said, “This law fundamentally modernizes how we approach human resources in government. We’re creating an environment where exceptional talent chooses public service, where merit drives advancement, and where high performers are recognized and rewarded.
“The best professionals seek organizations that invest in their development, reward excellence, and provide clear career pathways. This legislation ensures we meet those expectations. It’s about attracting the caliber of talent that will drive our continued progress towards an AI Native Government.”
Ibrahim Nassir, Under-Secretary of DGE, said, “This legislation addresses a practical reality: the most talented professionals have options. They can work anywhere. Government must compete not just on mission, but on how we develop careers and support employees throughout their journey with us.
“We’ve built comprehensive learning programs that ensure our people stay ahead of technological change. We’ve introduced accelerated pathways, so high performers aren’t held back by rigid timelines. We’ve created work-life balance provisions that recognize employees have lives, families, and ambitions beyond their desks. This is how modern organizations attract and keep exceptional people, through this law, that is how Abu Dhabi Government operates.”
The law establishes merit-based systems across the employee lifecycle. High performers benefit from accelerated promotion pathways that recognize exceptional work rather than requiring standard tenure periods. Performance-based allowances provide tangible recognition for distinguished contributions. Outstanding new graduates face reduced probation periods, enabling faster progression for those who demonstrate capability.
These provisions signal a clear commitment to rewarding results. Employees who excel advance faster, earn recognition, and access opportunities based on what they achieve, not only how long they serve.
To compete for high-performing professionals, the law introduces benefits that reflect what top talent values. Entrepreneurship leave enables employees to pursue business ventures while maintaining government careers, appealing to innovative professionals who seek diverse experiences. Enhanced and flexible parental leave, including doubled paternity provisions and extended maternity support, recognizes that talented professionals prioritize family wellbeing. Flexible work arrangements, including compressed schedules, optimized hours and enhanced remote work options, provide the adaptability that skilled professionals expect from modern employers in an agile ecosystem such as Abu Dhabi.
These provisions address a fundamental challenge: talented individuals have choices about where to work. This law ensures government employment offers compelling reasons to choose and stay in public service.
The legislation modernizes core HR systems to reflect contemporary workforce needs. Comprehensive learning and development programs provide continuous reskilling opportunities, ensuring employees remain current with evolving requirements. Updated leave provisions, including marriage leave, enhanced bereavement support, and caregiving flexibility, recognize the full scope of employees’ lives beyond work. Tailored arrangements for People of Determination ensure accessibility and inclusion across workplaces within the government.
These modernizations create an employment framework that attracts diverse talent while supporting sustained high performance. The law replaces outdated approaches with systems designed for today’s workforce expectations and tomorrow’s public service needs.
By embedding meritocracy, modernizing systems, and positioning government as an employer of choice, the law provides mechanisms for retaining high performers, establishing a culture where excellence is recognized, developed, and rewarded.
The result is a human resources framework aligned with Abu Dhabi’s ambitions for a capable, agile, high-performing and future-ready government workforce.
The Human Resources Law No. (08) of 2025 takes effect on 1st January 2026. DGE will work with government entities across Abu Dhabi to ensure effective implementation and provide comprehensive support to integrate the new systems and approaches.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Tally Solutions has launched TallyPrime 7.0 in Saudi Arabia, delivering faster B2C e-Invoicing, seamless compliance with ZATCA Phase-2, and enhanced digital continuity for SMEs. The update reinforces Tally’s commitment to supporting KSA’s SME-led growth and Vision 2030 through secure, automated, and locally aligned business technology.
Tally Solutions, a leading global technology company providing Business Management Software to small and medium businesses worldwide, today announced the launch of TallyPrime 7.0 in the KSA, along with significant enhancements to the Kingdom’s e-Invoicing (Fatoorah) experience. As compliance, continuity, and automation become fundamental to SME productivity, the latest update introduces capabilities that help businesses stay fully aligned with ZATCA’s Phase-2 requirements while operating with greater speed and confidence.
At the heart of this release is a major improvement to the B2C e-Invoicing flow, eliminating delays and enabling cashiers to issue invoices faster. Under updated ZATCA guidelines, simplified B2C invoices require only reporting instead of clearance, allowing TallyPrime to generate QR codes instantly at the time of saving or printing—without waiting for portal confirmation. The e-Invoice Overview has also been redesigned to highlight only items needing action, while the system now auto-triggers status checks for invoices pending more than two days. The result is a simpler, faster, and more intuitive experience that reduces manual effort, streamlines compliance, and keeps SMEs aligned with ZATCA Phase-2 requirements.
SMEs represent more than 90 percent of the businesses operating in the Kingdom and are a cornerstone of Saudi Vision 2030, the National Transformation Program, and ZATCA’s digitization agenda. This launch reinforces Tally’s long-standing commitment to supporting Saudi Arabia’s economic diversification and digital growth by delivering technology deeply aligned with the region’s compliance priorities.
Another significant advancement in TallyPrime 7.0 is the strengthened experience of TallyDrive. While it ensures uninterrupted continuity through automated cloud and local backups, its core has always been data security — a principle central to Tally for decades. With enhanced encryption, stronger integrity checks, and a framework designed to keep data fully in the business’s control, TallyDrive allows SMEs to embrace digital workflows with confidence, assured that their financial information remains protected and accessible only to them.
The release also introduces a seamless and fully compliant adoption of the KSA’s new national currency symbol. Designed to respect local norms and adhere to Central Bank guidance, the new symbol appears consistently across invoices, reports, and statements in both English and Arabic, helping businesses maintain accuracy, professionalism, and regulatory alignment from the moment they upgrade.
Additionally, Smart Find, Tally’s advanced universal search capability, allows users to instantly locate entries across multiple companies, even with partial information, supporting SMEs that manage growing operations and increasingly rely on real-time insights.
Speaking on the launch, Vikas Panchal, General Manager – MENA, Tally Solutions, said:
“With the Kingdom accelerating its digital and economic transformation, SMEs remain central to driving innovation and sustained growth. At Tally, we are closely aligned with this vision, building technology that reflects local needs and strengthens business resilience. From simplifying e-Invoicing compliance to enabling effortless localization and secure digital continuity, TallyPrime 7.0 delivers confidence and efficiency for today’s fast-evolving KSA market.”
Tally has consistently strengthened TallyPrime with features tailored for the Kingdom, including English and Arabic bilingual support, VAT and Corporate Tax readiness, and comprehensive alignment with ZATCA’s e-Invoicing mandate. TallyPrime 7.0 builds on this foundation with a smoother upgrade experience, ensuring businesses stay aligned with regulatory changes and new features without disruption.
The release marks another milestone in Tally’s commitment to the KSA and the wider GCC, supported by a strong partner network and dedicated regional support ecosystem.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The UAE’s tourism sector continues to break records, contributing around 14% of GDP and an estimated USD 70 billion in 2025. With visitor numbers, hotel occupancy, and global travel stocks all rising, tourism remains a key engine driving economic diversification, investor confidence, and growth across aviation, hospitality, retail, and real estate as the country heads into 2026.
The UAE’s tourism sector continues to deliver record-breaking performance, reinforcing its role as a major driver of economic growth and diversification. Tourism now accounts for roughly 14% of the UAE’s GDP, contributing an estimated USD $70 billion in 2025.
Visitor demand remains robust. Hotel guest volumes rose by nearly 5% year-on-year to around 23 million in the first nine months of 2025, a new record, while occupancy rates held steady at approximately 80%, highlighting sustained demand despite global economic uncertainty.
According to Farhan Badami, Market Analyst at eToro, the strength of tourism has important implications for both regional and global markets.
“Tourism is not just a growth story for the UAE economy — it’s a key pillar supporting a wide range of sectors and listed companies. Airlines, hotel groups and travel platforms all stand to benefit as visitor numbers continue to rise.”
Globally, travel and leisure stocks have already reflected this momentum, with companies such as Expedia, Booking.com, Trip.com and Hilton enjoying strong performance as international travel demand remains resilient.
Tourism also acts as a powerful multiplier for the UAE economy. Beyond airlines and hotels, rising visitor numbers support retail, transport and real estate, improving earnings visibility and sentiment across multiple sectors.
“What’s particularly important is how tourism reinforces the UAE’s long-term diversification narrative,” Badami added. “Strong visitor inflows help reduce reliance on hydrocarbons while supporting consumer activity and property markets, backed by world-class infrastructure and the UAE’s position as a global aviation hub.”
While tighter global economic conditions could weigh on discretionary travel, the UAE’s ability to attract record visitor numbers even amid uncertainty underscores its competitive edge as a premium leisure and business destination, supporting confidence in regional growth heading into 2026.
Locally, companies such as Emaar and Aldar benefit from increased footfall across malls, hotels and lifestyle developments, while Air Arabia is a direct beneficiary of expanding regional travel and connectivity.
“As we look ahead to 2026, tourism is likely to remain a key engine of growth for the UAE, creating investment opportunities both locally and globally,” Badami said.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Dubai’s property market remained steady, with prices up 2.5% and AED 46B in sales driven mostly by off-plan activity. Buyer demand at betterhomes rose 3%, while leasing saw 45,771 contracts, with renewals climbing to 59% as tenants stayed put heading into 2026. Strong sales momentum, stable rentals, and community-led demand set a balanced foundation for the new year.
Dubai’s residential market held steady in November, with both sales and leasing activity reflecting confidence and consistency as the city moves toward 2026, according to betterhomes.
Off-Plan Drives 70% of Transactions as Prices Rise 2.5%
On the sales side, average prices rose 2.5% month-on-month to AED 1,950 per sqft, continuing the upward trend seen across Q4. The market remained steady as Dubai recorded 17,812 sales transactions worth AED 46 billion, only marking a seasonal 2.9% dip in volume. Off-plan remained the dominant driver with 12,429 transactions, while the secondary market recorded 5,383 sales, maintaining healthy absorption across established communities.
Developer activity was led by Emaar across both off-plan and title-deed sales. At betterhomes, buyer demand rose 3% month-on-month, underscoring resilient demand despite year-end pacing. Sales interest continued to center around established apartment hubs including JVC, Business Bay and JVT, along with villa communities such as Jumeirah Golf Estate, Dubai Land and Mohammed Bin Rashid City.
“November showed strength without the noise,” said Louis Harding, CEO at betterhomes. “With prices up 2.5%, AED 46 billion transacted, and buyer leads growing 3%, the sales market is moving with confidence driven by real demand and well-positioned projects.”
Renewals Climb to 59% as Tenant Mobility Eases
In leasing, the city recorded 45,771 rental transactions in November. Renewals strengthened to 59% of all leases (26,763 contracts), while new contracts totaled 18,873, reflecting a continued preference among tenants to stay put as the year closes. At betterhomes, enquiry levels followed the usual year-end rhythm, with activity moderating as residents delayed moves until early 2026.
Rental growth was community-specific: Dubai Festival City villas rose 4.5%, while Dubai Hills Estate saw a 2% uplift, supported by strong family demand.
Payment terms remained flexible, with 4-cheque agreements representing 34% of leases and single-cheque agreements 27%. Demand continued to cluster around established apartment communities such as JVC, Business Bay and Dubai Silicon Oasis, and villa hubs including Dubai Hills Estate, Damac Hills 2 and The Valley.
“The leasing market moved with clarity and consistency in November,” said Rupert Simmonds, Director of Leasing at betterhomes. “With renewals making up nearly 60% of all activity and strong interest across our core communities, tenants are prioritizing neighborhoods that support everyday living as we head into the new year.”
Outlook: A Stable Platform for 2026
Across both sales and leasing, betterhomes expects November’s steady performance to support a balanced start to 2026, underpinned by population growth, liquidity, and sustained developer and tenant engagement across Dubai’s key communities.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Alexandre de Betak and his wife are focusing on their most personal project yet.
From AI-scaled malware to NFC fraud and massive supply-chain breaches, Kaspersky’s 2025 Security Bulletin shows how the financial sector fought through one of its most complex cyber threat years yet. With ransomware up 35% and over 1.3 million banking trojan attacks detected, 2026 is expected to bring deepfake scams, WhatsApp trojans, regional stealers, and adaptive “agentic” AI malware.
2025 Kaspersky Security Bulletin provides a review of the major cybersecurity trends of the year and offers a look towards the future of cybersecurity, focusing on the financial sector in its first part. According to the report, in 2025, the financial sector navigated a rapidly evolving cyber landscape, with malware spreading through messaging apps, AI-assisted attacks, supply chain compromises, and NFC-based fraud.
Based on Kaspersky Security Network statistics for the year (from November 2024 to October 2025), 8.15% of users in the finance sector faced online threats and 15.81% faced local (on-device) threats. 1,338,357 banking trojan attacks were detected by the company’s solutions. 12.8% of B2B finance sector companies faced ransomware this year – that marks a 35.7% increase in unique users in 2025 compared to the same period of 2024.
The company’s experts highlight the following cybersecurity trends and cases shaping the financial sector in 2025:
Large-scale supply chain attacks: the financial sector faced a series of unprecedented supply chain attacks, which are incidents that exploit vulnerabilities in third-party providers to reach their primary targets. The breaches demonstrated how vulnerabilities in third-party providers can cascade through national payment networks, affecting even central systems.
Organized crime converging with cybercrime: organized crime is increasingly combining physical and digital methods, creating more sophisticated and coordinated attacks. Financial institutions faced threats that blend social engineering, insider manipulation, and technical exploitation.
Old malware, new channels: cybercriminals increasingly exploit popular messaging apps to spread malware, shifting from email phishing to social channels. Banking trojans are being rewritten to use messaging platforms as a new distribution vector, enabling large-scale infections.
AI scales malware to new heights: this year, AI-enabled malware has increasingly incorporated automated propagation and evasion techniques, allowing attacks to spread faster and reach a larger number of targets. This automation also shortens the time between malware creation and deployment.
Mobile banking attacks and NFC fraud: Android malware using ATS (Automated Transfer System) techniques automate fraudulent transactions, altering transfer amounts and recipients in real time without the user noticing. NFC-based attacks have also emerged as a key trend, enabling both physical fraud in crowded places and remote fraud via social engineering and fake apps mimicking trusted banks.
Blockchain-Based C2 Infrastructure is on the rise: crimeware attackers increasingly embed malware commands in blockchain smart contracts, targeting Web3 to steal cryptocurrencies. This method ensures persistence and makes the infrastructure extremely difficult to remove. Using blockchain for C2 operations allows attackers to maintain control even if conventional servers are shut down, highlighting a new level of resilience in cyberattacks.
Ransomware presence: these types of attacks remained a persistent threat for the financial sector with 12.8% of B2B finance organizations affected in November 2024 through October 2025.
Disappearance of certain malware families: some malware families are likely to disappear, as their activity depends directly on the operations of specific criminal groups.
“In 2025, financial cyber threats evolved into a complex landscape, with attacks hitting businesses and end users alike. Criminal groups increasingly combined digital tools, insider access, AI and blockchain to scale operations, forcing organizations to secure not only their systems but also the human networks that support them,” said Fabio Assolini, Head of the Americas & Europe units at Kaspersky GReAT.
Kaspersky predictions for what finance cybersecurity might face in 2026 include:
Banking Trojans will be rewritten for WhatsApp distribution: criminal groups will increasingly rewrite and scale banking trojans distribution and abuse messaging apps like WhatsApp to target corporate and government organizations that still rely on desktop-based online banking. These environments are where Windows-based banking trojans thrive.
Growth of deepfake/AI services for social engineering: the trade in realistic deepfakes and AI-powered campaigns is expected to expand even more, fueling scams around job interviews and offers, driving underground demand for tools that fully bypass Know Your Customer (KYC) verification.
Appearance of regional info stealers: as Lumma, Redline and other stealers are still active, we expect to see the appearance of regional info stealers, targeting specific countries or regions, expanding the use of malware-as-a-service model.
More attacks on NFC payments: as a key technology used in payments, we’ll see more tools, more malware and attacks directed against NFC payments, in all types.
The advent of Agentic AI malware: agentic AI malware is characterized by its ability to dynamically alter behavior mid-execution. Unlike conventional malware that relies on pre-defined instructions, agentic variants are designed to assess their environment, analyze their impact, and adapt their tactics on the fly. This means that a single piece of malware could exhibit a range of behaviors, from initial infiltration to data exfiltration or system disruption, all in response to the specific defenses and vulnerabilities it encounters.
Classic fraud will obtain new delivery: fraud will remain a major threat to end users, but its delivery methods will keep evolving. As new services and messaging platforms emerge, attackers will continue to adapt their tactics to the channels where their target audience is most active.
The persistence of ‘out of box’, pre-infected devices: the threat of counterfeit smart devices sold already infected with trojans (such as Triada) will continue to evolve. These trojans often come with extensive capabilities, including the ability to steal banking credentials, and affect not only “gray” Android smartphones but also other smart devices such as TVs.
Kaspersky experts recommend the following to keep safe:
Financial organizations can embrace an ecosystem-based cybersecurity strategy that unites people, processes, and technology:
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Sydney’s prestige market is looking up, here’s three of the best on the market right now.
Qadi, the Middle East’s first sovereign regulatory compliance platform, has emerged from stealth with a pre-seed round led by Incubayt. By transforming local laws and policies into AI agents, Qadi aims to automate legal and compliance workflows across MENAT, delivering faster decisions, deeper regulatory alignment, and trusted data sovereignty for law firms and financial institutions.
Qadi, the Middle East’s first sovereign regulatory compliance platform, today emerged from stealth and announced its pre-seed funding round, led by Incubayt. Qadi’s platform turns local laws, regulations and policies into AI agents that can make compliance determinations, with the goal of transforming how the region’s law firms and institutions manage legal and compliance workflows enabling them to move faster and unlock growth.
Built for the legal and regulatory systems of MENAT, Qadi combines regional legal expertise, regulatory insight and data sovereignty in a single platform. Qadi deconstructs local laws, regulations and internal policies and encodes their rules into AI agents that take actions, and integrates compliance checks proactively into business workflows.
Qadi’s mission is to give the region a regulatory platform that legal and compliance teams can trust. It protects the confidentiality of institutional data and policies while unlocking the speed and intelligence of next-generation AI agents.
Within Qadi, AI agents convert fragmented legal and compliance tasks into end-to-end workflows. One set of agents can take first-pass responsibility for contracts, reviewing Non-disclosure Agreements (NDAs) and Master Service Agreement (MSAs), checking them against local requirements and internal playbooks, routing them to the right approvers, and notifying sales and go-to-market teams when deals are ready to move. Another set of agents can focus on scanning media assets against regional financial promotions and advertising rules.
Mohamad El Charif, Founder at Qadi, said: “Qadi is doing something distinct. We aren’t just building a copilot; we’re building the engine for compliance automation. By bridging the gap between strategic legal advisory and AI, Qadi is positioning itself as the backbone of the next generation of legal services in the region.”
The funding will drive the expansion of Qadi’s team of AI and Legal Engineers and support the rollout of its platform to select law firms and financial institutions across the GCC.
Sami Khoreibi, Investor and Founder of Incubayt, commented: “Around the world, regulatory AI is moving from experiments to core infrastructure but in this region, it has to be sovereign and deeply tuned to local rules. Qadi is taking the right approach of starting with local laws, regulations and policies, encoding them as agents, and deploying them inside the institution’s own environment. That combination of agentic automation, regulatory depth and data sovereignty is exactly what our most sophisticated clients are asking for.”
As the Middle East continues to modernize its legal and regulatory regimes and attract global capital, Qadi aims to provide the regulatory operating layer for the region’s law firms and institutions, embedding regulatory intelligence directly into operational workflows for instant, scalable decision-making.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
MENA equity markets saw sharp contrasts in 2025: Dubai and Abu Dhabi outperformed as safe havens, Saudi Arabia’s TASI lagged with a 12% drop, and Egypt’s EGX 30 surged over 30% amid economic stabilization. With oil prices down and diversification accelerating, the region is shifting toward non-oil growth, AI investment, and stronger structural reforms.
2025 proved a year of contrasts for MENA equity markets. In the UAE, the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) steadily outperformed many regional peers, as investors gravitated toward more diversified economies less sensitive to oil-price swings. DFMMI (Dubai’s main index) registered a strong run mid-year. By contrast, the Tadawul All Share Index (TASI) in Saudi Arabia struggled, the region’s worst-performing major index in 2025, with a ~12% drop. At the same time, EGX 30 in Egypt delivered impressive gains: the index rose over 30% year-on-year, reflecting renewed investor confidence.
Underlying this among markets was a challenging global environment: oil prices dropped roughly 15 % year-to-date, exerting pressure on oil-dependent economies across the Gulf. That decline weighed on fiscal revenues and investor sentiment, particularly for energy-heavy markets.
Against that backdrop, Dubai (and to some extent Abu Dhabi) emerged as financial safe havens. With a diversified economic base, lower oil breakeven point, robust real estate and services sectors, and strong earnings across non-oil corporates, the UAE began to cement its status as a global financial hub. Analysts have highlighted growing flows into UAE equities as investors rotate away from oil-centric listings toward more stable, diversified equities.
Meanwhile in Saudi Arabia, 2025 saw a strategic turn: under renewed Western engagement, Riyadh via some of its sovereign-backed entities, accelerated investments in artificial intelligence, digital infrastructure and high-tech. The shift away from pure oil and real estate based growth reflects a longer-term push to diversify and future-proof the economy.
In Egypt, the story was of gradual stabilization. After years of economic strain, real GDP grew about an average of 5% QoQ in the first 3 quarters of the year 2025, thanks to structural reforms, manufacturing expansion, and supportive investments. Inflation, which had surged to historic highs, has moderated significantly. Urban consumer inflation eased to manageable levels, bringing some relief to households, while non-oil private-sector activity reached a five-year high in late 2025.
Together, these developments reflect a broader rebalancing across MENA: markets increasingly favor diversified growth, non-oil investments, and structural reform. As 2025 closes, it seems the region is recalibrating — with Dubai and Abu Dhabi rising as financial safe-havens, Riyadh betting on AI for the next era, and Cairo cautiously emerging from economic turbulence.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Self-tracking has moved beyond professional athletes and data geeks.