US Department of State issues favorable 2024 Bahrain Investment Climate Statement
The investment climate in the Kingdom of Bahrain is positive and relatively stable. Bahrain maintains a business-friendly environment and a...
Economy
Meet Middle East tourism’s power players
Tourism industry accounts for 9 percent of GCC region's GDP and it is expected to grow annually at 7.7 percent....
Business
Economy
Mega projects bet high on diversified future
This TRENDS infographic dives into Saudi Arabia’s ambitious transformation to discover how the Kingdom is reshaping its future with high...
- Saudi Arabia has allocated $250 billion in construction contracts since 2016 as part of its Vision 2030 strategy to diversify economy, attracting tourists and investments
- In 2022, Saudi Arabia emerged as the fastest-growing G20 economy, fueled by a massive $1.25 trillion investment in real estate and infrastructure projects
Geostrategy
Partnership deals help UAE and India strengthen ties
"The UAE and India have robust, deep-rooted bilateral relations. The signing of the Comprehensive Strategic Partnership in 2017 and the...
- Ahmed Ali Al Sayegh, UAE's Minister of State, highlights the country's commitment to multilateral cooperation at the G20 Summit.
- The UAE's participation in the G20 Summit aligns with its role as host for the upcoming COP28 climate conference, adds the minister
‘Historic’ EU-Middle East-India trade plan launched
At the G20 Summit in New Delhi, the US, EU, Saudi Arabia, and UAE have launched an ambitious trade initiative...
- At the G20 Summit in New Delhi, the US, EU, Saudi Arabia, and UAE have launched an ambitious trade initiative to connect railways, ports, and energy networks globally
- The initiative could bypass the Suez Canal to accelerate India-Europe trade and has broader geopolitical implications, including fostering relations between Israel and Saudi Arabia
Geostrategy
Deadliest quake in decades kills over 2,000 in Morocco; rescue bid is on
Following the devastating earthquake in Morocco on Saturday that killed more than 2,000 people so far, the UAE, Iran, Iraq,...
- Tremors felt in major cities including Marrakesh, Rabat, and Casablanca.
- Remote mountain villages severely affected, many victims feared trapped.
Geostrategy
G20 treads lightly on Ukraine war, climate issues
The African Union joined the G20, boosting Africa's voice, while a new initiative aims to connect Europe, the Middle East,...
- The African Union joined the G20, boosting Africa's voice, while a new initiative aims to connect Europe, the Middle East, and India through infrastructure
- G20 nations lacked a unified pledge to end fossil fuels but committed to tripling renewable energy sources by 2030, emphasizing sustainable alternatives
Geostrategy
GCC poised to help MENA in global trade integration
With MENA accounting for just 7.4% of global trade in 2022, GCC's strategic initiatives and resources can pave the way...
- With MENA accounting for just 7.4% of global trade in 2022, GCC's strategic initiatives and resources can pave the way for regional trade integration and global prominence
- Despite challenges like restrictive nontariff measures, red tape, and corruption, GCC-led comprehensive reforms and a global engagement strategy can make MENA a trade hub
Geostrategy
‘Multilateralism only option to tackle global crises’
Stressing that “we are in a race against time” on issues from climate change and biodiversity loss to education and...
- Outgoing UN General Assembly President Csaba Kőrösi emphasizes the importance of international cooperation
- Kőrösi also calls for urgent action on climate change, education, gender equality, and sustainable development
Videos
A glimpse into GCC’s financial evolution
As the winds of change blow, three major forces—regulation, consolidation, and digitization—are shaping the trajectory. These elements intertwine, creating a...
- Driven by regulation, consolidation, and digitization, the region's financial services sector is undergoing a pivotal transformation
- Dive into the TRENDS Explainer video to understand and navigate the evolving landscape of the banking sector across the region
Geostrategy
UAE evacuates 34 Emiratis from Florida ahead of approaching Hurricane Idalia
ABU DHABI -- The United Arab Emirates Embassy in Washington, in coordination with representatives of the UAE's officials mission in...
- Evacuation is being coordinated by the UAE Embassy in Washington with UAE's official mission in the US
- The UAE Embassy advises Emiratis to heed local authority instructions and avoid hurricane-affected areas
Geostrategy
Iran’s non-oil export to ECO countries from Mar 21 to July 22 2023 reaches $3.6bn
TEHRAN, IRAN – Iran’s export of non-oil products to the Economic Cooperation Organization (ECO) member states in the first four...
- In the four-month period, Iran exported 8.161 million tons of non-oil commodities to ECO member states.
- In the same period, Iran imported 1.394 million tons of goods, valued at $2.445 billion, from the ECO states.
US Department of State issues favorable 2024 Bahrain Investment Climate Statement
The investment climate in the Kingdom of Bahrain is positive and relatively stable. Bahrain maintains a business-friendly environment and a...
Economy
Company News
BGN to get $100m in financing
Business
Latest News
RAK cultivates communities with arts and culture
Arts & Culture
WEF24: Innovation and diversification drive UAE growth
The UAE's proactive approach is helping it in shaping a dynamic and prosperous future, says UAE's Economy Minister Abdullah bin...
Videos
AI-Operated robots assist visitors to the Grand Mosque in Makkah
Makkah, Saudi Arabia -- The Presidency of Religious Affairs at the Grand Mosque and the Prophet's Mosque has deployed AI-operated...
Arts & Culture
UCC Holding signs contracts for seven Kazakhstan projects
Doha, Qatar -- UCC Holding, a Qatari company, has signed two energy contracts for seven projects in Kazakhstan. The first...
Business
Most Read
Geostrategy
Displacement, health crisis in Sudan is alarming, says WHO
GENEVA, SWITZERLAND – Acting WHO Representative in Sudan Peter Graaff has said that the humanitarian and health crisis in the...
- Sudan is now facing the largest displacement crisis globally, with a staggering 8 million people displaced.
- The majority of those affected, including women and children, are compelled to embark on days-long journeys to escape violence.
Business
BGN to get $100m in financing
Abu Dhabi Exports Office, Mashreq and ADCB to provide financing.
- The strategic collaboration sets the stage for a financing arrangement, offering up to $100 million to facilitate the export of energy commodities from the UAE.
- The financing arrangement, a revolving credit line, is embedded with an accordion feature whereby regional banks and their overseas affiliates can contribute additional funding.
Economy
Qatar-Turkey business forum sparks new joint ventures
Emphasizing the importance of holding meetings and mutual visits, Sheikh Khalifa bin Jassim bin Mohamed Al-Thani notes this would bolster...
- Qatar-Turkey JETCO aims to enhance private sector cooperation and advance intra-regional trade.
- Successful Qatar-Turkey Business Forum highlights partnership opportunities, says Qatar Chamber chief.