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
Feeding fit: Saudi Arabia redefines the poultry sector
In February 2024, Saudi Arabia's poultry industry reached a milestone by producing 100 million kilograms of poultry, thereby setting new...
Business
Geostrategy
Saudi Arabia unveils Expo 2030 plans at BIE Assembly
The Kingdom emphasizes the Riyadh Expo's potential in enhancing global collaborations and reinforcing actions on impactful projects.
- The Gulf nation emphasized the Expo's potential in enhancing global collaborations and reinforcing actions on impactful projects
- Riyadh has already begun expanding its infrastructure in preparation for hosting the Expo, says Royal Commission of Riyadh CEO
Interview
US supports China’s bid to advance Middle East peace
Saudi-Iran peace deal will reduce tensions in the region and would solve some of the problems if not all, says...
- Blinken spoke of his recent visit to the Middle East where he met with the GCC leaders who, according to him, still see the US as the preferred partner
- On Taiwan, Blinken said the US has real concerns about the direction it has taken and blamed China for what he called as reckless actions
Geostrategy
‘UAE committed to support refugee across the world’
Sheikh Hamdan, who is also Chairman of the Emirates Red Crescent, calls on the international community to increase efforts to...
- The UAE has launched initiatives to economically and socially empower refugee women through the Sheikha Fatima Fund for Refugee Women
- The Gulf country recently donated $20 million to UNRWA, totaling $521 million in Palestinian assistance between 2018 and 2023
Business
Saudi-French Investment Forum signs $2.9 billion worth of agreements
The Saudi-French Investment Forum witnessed the signing of 24 MoUs and investment agreements, collectively valued at approximately $2.9 billion. The...
- The agreements provide opportunities for increased investment and collaboration in diverse sectors
- Trade volume between France and Saudi Arabia surged by over 80% in 2022, reaching $11.5 billion
Business
Which country leads Arab world in business ease?
Arab nations have implemented several reforms to improve the ease of doing business. TRENDS take a look to determine the...
- Arab nations have implemented several reforms to improve the ease of doing business. TRENDS takes an in-depth look to determine the most business-friendly country in the region
- Business reforms have led to a significant increase in foreign direct investments, contributing to the growth of both the public and private sectors in the Arab countries
Economy
$800bn investments set to bolster Saudi tourism
"The Kingdom will invest more than $800 billion during the next 10 years", added the minister, noting that tourists may...
- Saudi Arabia's tourism sector, fueling a 4.45% GDP growth, is set for an $800 billion investment boost over the next decade.
- Despite the global pandemic, Saudi Arabia welcomed over 93.5 million tourists in 2022, making it the fastest-growing tourism destination
Business
UAE, fintech lead as venture funding surges in MENA
At $445 million, startups in the region witnessed a robust 153 percent year-on-year growth in venture funding despite a 7...
- At $445 million, startups in the region witnessed a robust 153 percent year-on-year growth in venture funding despite a 7 percent drop in deal volume, says a latest report
- Securing $422 million in 14 deals, the UAE led regional funding, while Saudi Arabia, boosted by Flat6labs Riyadh's seven new startups, led with 15 deals.
Economy
Middle East tourism witnesses strong rebound in Q1
Continued economic recovery, ease of travel restrictions, and the growing popularity of the region as a tourist destination have been...
- Continued economic recovery, ease of travel restrictions, and the growing popularity of the region as a tourist destination have been credited for the sector's resilience
- About 235 million tourists travelled internationally in the first three months of 2023, more than double during same period of 2022, highlights the latest UNWTO report
Economy
Qatar’s realty builds on robust infrastructure
The country aims to reach the volume of real estate trading to QR 100 billion (US$27.4 billion), especially since real...
- Qatar's advanced infrastructure, health sector, and education system play significant roles in bolstering the real estate sector, says the Minister of Municipality
- The Gulf country's goal is to reach a volume of real estate trading of QR 100 billion (US$27.4 billion), adds Dr. Abdullah bin Abdulaziz bin Turki Al Subaie
Geostrategy
Time won’t strip Palestinians of right to return
"While commemorating 75 years since the crisis, we remember with sorrow the crime against humanity the Palestinian people faced in...
- Kuwait's UN Ambassador Tariq Al-Bannai underscores Palestinians' right to return to their homeland during a UNRWA meeting
- Al-Bannai recalls the crisis of 1948, terming it a crime against humanity, leading to displacement of hundreds of thousands of Palestinians.
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
Company News
Latest News
Digital rights of Palestinians, supporters widely violated: Report
“Those developments had a significant impact on the digital world, freedom of speech, privacy, and security, leading to a deterioration...
Geostrategy
Watch: Experts discuss how Arab world reshapes future
At the HUB Davos 2024 conference, UAE's Minister of Economy Abdulla Bin Touq Al Marri highlights the nation's commitment to...
Business
Global crises, AI key focuses of World Economic Forum
The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts...
Geostrategy
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Business
Bahrain Steel raises $450m SLL
The company produces and supplies high-grade iron ore pellets.
- The proceeds from this loan will be directed towards CAPEX for constructing the world’s largest stockyard shed with rooftop solar panels.
- The SLL's framework incentivizes Bahrain Steel to exceed mandatory greenhouse gas (GHG) emissions reductions.
Business
Saudi insurance sector shows 14.6 percent growth in Q3 of 2023
RIYADH, SAUDI ARABIA- The Insurance Authority (IA) has issued its first report on the performance of the sector in the...
- The report has been issued to provide transparent and accurate information about the performance of the insurance sector.
- The report showed a 2.2 percent increase in the insurance sector’s penetration ratio to non-oil GDP in Q3 of 2023.
Business
ESG and sustainability redefine UAE financial markets
"The UAE's success in establishing a fully regulated carbon market, integrating carbon regulation to manage and trade emissions effectively, providing...
- Nadim Najjar of LSEG highlights UAE's commitment to net-zero emissions and sustainable practices.
- Strategic alliance between ADX and LSEG exemplifies a commitment to sustainability, he adds.