Middle East leads way in global methane mitigation
The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming....
Economy
PIF fifth largest sovereign wealth fund as assets rise to $940.3bn
Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF) rose to the fifth position among...
Business
Creation of new jobs for Emiratis remains key priority for the govt, says UAE minister Abdulrahman Al Awar
The UAE's Ministry continues to develop the country’s model in economic development through partnership between the public and private sectors...
- Thanks to the Nafis programme during 2022, there was an unprecedented 70 percent increase in the number of Emiratis working in the private sector, says UAE's minister
- The UAE's Ministry continues to develop the country’s model in economic development through partnership between the public and private sectors, the minister adds
YEARBOOK 2023
Europe looks at GCC for LNG supplies amidst crisis
The year 2022 witnessed several deals involving Gulf nations and leading natural gas consumer countries that seek to secure their...
- The year 2022 witnessed several deals involving Gulf nations and leading natural gas consumer countries that seek to secure their LNG supplies in both near and distant future.
- In November-2022, Qatar and China signed one of the largest ever LNG deals inking a USD 60 Bn LNG supply deal for 27 years.
Economy
CBUAE issues new guidance to curb money laundering, terror financing
The guidance, which comes into effect immediately, will assist LFIs’ understanding of risks and effective implementation of their statutory AML/CFT...
- The new guidelines set by the Central Bank of the UAE apply to banks, finance companies, exchange houses and insurance companies, agents and brokers
- The apex bank's guidance discusses the use of digital ID systems by licensed financial institutions to address their customer due diligence obligations
YEARBOOK 2023
Major 2022 events that shaped world economies
TRENDS looks back at the events that grabbed attention worldwide. From Russia-Ukraine war to Saudi summits to Argentina's marvelous World-cup...
- The year 2022 is over. Yet 2023 offers a unique opportunity to reflect on the previous year with hope and optimism
- TRENDS looks back at the events that grabbed attention worldwide. From Russia-Ukraine war to Saudi summits to Argentina's marvelous World-cup victory, 2022 had seen it all
Videos
Saudi-China relations warm up with strategic deals
A recently reached Comprehensive Strategic Partnership Agreement has further enhanced the historical friendly relations between Saudi Arabia and China.
- A recently reached Comprehensive Strategic Partnership Agreement has further enhanced the historical friendly relations between Saudi Arabia and China.
- The two sides had recently signed several agreements and MoUs to enhance bilateral ties to serve the interests of the two countries and their people.
YEARBOOK 2023
Qatar’s economy remains strong despite global crises
The year 2022 was crowned with excellent ratings for the Qatari economy, as the S&P's credit rating agency raised the...
- Powerful ratings, despite the fluctuations and crises witnessed by the global economy in recent years, the solidity of the Qatari economy has been confirmed by rating agencies
- Despite global crises, the Qatari economy recorded strong performance rates on most macroeconomic indicators, and looks forward to consolidate its leadership this year
YEARBOOK 2023
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
YEARBOOK 2023
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.
Interview
‘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
Economy
‘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.
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Middle East leads way in global methane mitigation
The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming....
Economy
Company News
Latest News
KIB posts $19.5m net profit
Business
Collaboration crucial for renewable energy transition
"World peace and security, along with social, economic, and political stability, hinge on two pivotal factors: addressing climate issues and...
Economy
Israel-Hamas conflict intensifies as Hizbollah joins in
World calls for restraint as Palestinian death toll reaches 370 and Israeli casualties cross 600, prompting Netanyahu to warn of...
Geostrategy
Hundreds killed in deadliest Palestine-Israel conflict
World calls for restraint as Palestinian death toll reaches 232 and Israeli casualties cross 200, prompting a vow of retaliation...
Geostrategy
Most Read
Infographics
Digital quality adds shine to life in Arab countries
The UAE leads the Arab world in digital quality of life, with its advanced digital infrastructure and commitment to tech...
- The UAE leads the Arab world in digital quality of life, with its advanced digital infrastructure and commitment to tech advancements. Saudi Arabia secures second position.
- Qatar, Bahrain, Oman, and Kuwait rank among the top five in digital prowess, emphasizing that digitalization enhances citizens' quality of life in the Gulf region.
Geostrategy
At $75bn, Saudi defense budget beats several European countries in 2022
Last year, Saudi Arabia led the Middle East in military investments, ranking fifth globally with a defense budget of $75...
- Qatar's military expenditure reaches $15.4 billion, ranking close to the Netherlands
- The United States remains the global leader with $877 billion in military spending
Economy
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,...
- Qatar's Ahmad bin Mohammed Al Sayed underscores the pivotal role of foreign direct investment in economic diversification and job creation
- The summit gathers global leaders to address key challenges in economic diversification and the impact of technology on rural populations