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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

World welcomes New Year with fervor and festivities

The Middle East region welcomed 2023 with fireworks at Burj Khalifa as revelers rang in the New Year without being...
  • The Middle East region welcomed 2023 with fireworks at Burj Khalifa as revelers rang in the New Year without being subjected to Covid-related curbs for first time since pandemic
  • The turbulent 12 months marked by war in Europe, price rises, Lionel Messi's World Cup glory and the deaths of Queen Elizabeth, Pele and former pope Benedict is finally over

Inflation, uncertainty rule as 2022 comes to an end

The country profiles -- arranged in alphabetical order -- summarize recent data, presenting statistical narratives of a country that include...
  • As the new year is set to begin, TRENDS wishes all its readers a very happy and prosperous New Year.
  • We also consider it crucial to review and document the profiles of the important countries in the region and across the world.

‘OPEC+ predictions more accurate as it focuses on market fundamentals and stays away from politics’

In all economic spheres from financial to commodities, credibility is a key ingredient to building the trust and confidence that...
  • Playing politics with statistics and forecasting and not maintaining objectivity tend to backfire and result in loss of credibility, says Saudi Energy Minister Prince Abdulaziz
  • OPEC+ has maintained its demand figures for 2021 while some others have grossly and consistently underestimated historical and current demand resulting in discrepancies

‘Rental Disputes Center provides 9 years of stability in real estate sector’

DUBAI, UAE -  The Rental Disputes Center (RDC), the judicial arm of Dubai Land Department (DLD), was launched to achieve...
  • RDC resolved cases by concluding reconciliation agreements amounting to 10,179 cases that were resolved amicably.
  • The average duration of execution of rental judgments and decisions for 2022 is four days, the RDC director says.

UAE reaffirms commitment to uphold multilateral system; urges UN to expand response to terrorism

"Reform will not be easy; a serious results-oriented process will require us to make deep concessions and agree to difficult...
  • While urging UNSC to expand its attention to the geographical scope of terrorist activities, the UAE reiterates itss intention to support the Delhi Declaration
  • UAE minister calls on all countries to address the root causes of extremism by spreading awareness of and respect for the principle of tolerance.

FIFA Cup helps Qatar, Egypt warm up bilateral ties

The two countries explore areas of joint cooperation to strengthen political, economic, investment and trade relations.
  • The two countries explore areas of joint cooperation to strengthen political, economic, investment and trade relations
  • Both seek to boost coordination of parliamentary positions between the two councils in regional and international forums

With growing trade, energy ties, Germany and UAE look forward to hydrogen future, says envoy

“The UAE is Germany's most important trading partner in the region, with German exports to the UAE totalling US$8.4 billion...
  • Beside growing trade, cooperation in decarbonization to tackle climate change opens an opportunity for Germany and the UAE to look forward to a hydrogen future, says German envoy
  • The UAE is Germany's most important trading partner in the region, with German exports to the UAE totalling US$8.4bn in 2021, says German Ambassador to the UAE Alexander Schönfelde

GCC vows more cooperation to boost education

The regional panel, during its fourth meeting in Riyadh, reviews the implementation of the strategic plan to improve educational institutions...
  • The regional panel, during its fourth meeting in Riyadh, reviews the implementation of the strategic plan to improve educational institutions in the bloc and their needs
  • The commettee also discusses the work mechanism for cooperative coordination between the ministries and institutions of higher education in the GCC countries

France beat Morocco 2-0 to set up World Cup final against Argentina

France beat Morocco 2-0 on Wednesday to set up a World Cup final showdown against Argentina and Lionel Messi. Theo...
  • Theo Hernandez put the defending champions ahead in the fifth minute after Morocco failed to clear their lines
  • French substitute Randal Kolo Muani doubled the lead against Morocco in the 79th minute of the semi-final match

35.6% rise in Saudi women’s economic participation makes TOP CEO Conference’s May predictions true

The confirmation of an increased participation of women in workplace comes months after the TOP CEO Conference held in May...
  • The confirmation of an increased participation of women in workplace comes months after the TOP CEO Conference held in May 2022 had highlighted its economic justifications
  • Saudi Khaled Almaeena had stressed on how the private and public sectors were essential in encouraging women to work and took measures like having nurseries in the offices

‘UAE leads humanitarian efforts in Gaza, seeks truce’

“Following the outbreak of the crisis between Palestinians and Israelis, the UAE initiated extensive diplomatic efforts at all levels to...

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Foreign direct investment crucial for economic growth

At this year's technology summit in the United States, which spotlights economic diversification through the strategic use of energy-generated wealth,...

Saudi real estate sector builds on vision beyond oil

TRENDS digs into Saudi Arabia's booming real estate sector and ambitious projects to find how they offers investors lucrative, long-term,...

Norms may make it easy to navigate ethical maze of AI

While speaking at the International Government Communication Forum in Sharjah, he emphasized that it's essential to regulate technology and overall...

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Saudi Arabia, India boost alliance with multiple MoUs

India and Saudi Arabia held their first Strategic Partnership Council meeting, emphasizing the strengthening of defense and security partnerships between...
  • India and Saudi Arabia held their first Strategic Partnership Council meeting, emphasizing the strengthening of defense and security partnerships
  • Talks between the two countries are expected to provide new direction to India-Saudi relationship on a broader regional and global scale.

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

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