GCC keeps pace with global solar, wind trends
Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when...
Analysis
Inflation, geopolitics might worsen credit conditions: S&P
The credit ratings agency has said the prospects for global economic growth have softened, even if it was to a...
Analysis
Analysis
Transformation will propel MENA economy: IMF
Major economies in the MENA region have already got the ball rolling when it comes to diversifying their economies.
- Jihad Azour, Director of the Middle East and Central Asia Department at IMF, has said the economic recovery of the region is affected by several factors
- However, the region needs to rely on an agenda of transformation policies to continue down the path of economic recovery
Analysis
Disney takes on OTT platforms with MENA expansion
Netflix currently rules the roost in the Middle East. Therefore, the Disney+ expansion should be a clarion call for regional...
- The Disney launch covers almost all of the Middle East and good chunks North Africa
- In all, Disney+ is expanding to 42 countries and 11 territories in the EMEA region
Business
Airbus cancels Qatar Airways plane order as feud deepens
The order was worth $6 billion at catalogue prices, though airlines are usually charged less for large purchases.
- Airbus has cancelled an order of 50 A321neo planes from Qatar Airways, one of its major customers
- This is in response to the airline grounding several of its A350 aircraft due to an issue with fuselage surfaces
Business
Bitcoin crash tears through investor confidence
The cryptocurrency has lost more than 40 percent of its value since its $67,582.60 peak on November 8 last year.
- The world watched on Friday as the price of Bitcoin first dropped below $40,000 for the second time this month
- It then slid further to go under $39,000, a level it had not seen since August 2 last year, when it had closed at $38,191
Economy
GCC must heed IMF take on emerging economies
The IMF's warning that developing nations are about to face what it called “economic turbulence” is bad news for the...
- GCC countries are depending on emerging nations to diversify their own economies
- With those economies now under a cloud, the GCC nations should choose their next steps carefully
Analysis
UNWTO optimism to cheer up MENA tourism
While the likes of Egypt, Morocco, Tunisia, and Jordan depend heavily on tourism for revenue, the UAE and Saudi Arabia...
- UNWTO Executive Director Zoritsa Urosevic has said that the ‘future is bright’ for the tourism sector
- Tourists ‘will come back’ and the industry will recover from the pandemic because it is ‘very resilient,’ she said
Business
Cross-sector deals boost Saudi-French ties
The Gulf country has welcomed the increased cooperation of French companies, including in energy, water, and waste management, sustainable cities,...
- The Saudi Arabian Airlines Corporation has ordered CFM engines worth $8.5 billion for its Airbus fleet
- Saudi Aramco also signed deals with French companies to exercise its diversified energy portfolio
Analysis
Global ripples await MidEast markets on Sunday
Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.
- Covid-19 has a new variant that spooked global markets, and its spike protein, which most vaccines target, has mutated 50 times
- This could dent the efficacy of most Covid-19 vaccines across the world, and dampen sentiments further
Science
Carbon capture tech finally gaining speed: IEA
For net-zero, carbon-capture tech cannot spend another decade on the sidelines of climate mitigation efforts, said the IEA.
- Carbon-capture tech and facilities say a stagnation, and even regression, from 2010 to 2017
- However, 2021 has seen many countries and organizations promising to scale up the technology due to their net-zero pledges
Analysis
Energy prices may come down early next year
Consumption of natural gas rebounded fast — driven by industrial production — boosting demand at a time when supplies were...
- International energy prices will revert to more normal levels early next year when heating demand ebbs and supplies adjust, the IMF has said
- However, it has also warned that “if prices stay high as they have been, this could begin to be a drag on global growth”
GCC keeps pace with global solar, wind trends
Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when...
Analysis
Company News
Latest News
Airbus cancels Qatar Airways plane order as feud deepens
The order was worth $6 billion at catalogue prices, though airlines are usually charged less for large purchases.
Business
Bitcoin crash tears through investor confidence
The cryptocurrency has lost more than 40 percent of its value since its $67,582.60 peak on November 8 last year.
Business
GCC must heed IMF take on emerging economies
The IMF's warning that developing nations are about to face what it called “economic turbulence” is bad news for the...
Economy
Most Read
Business
Cross-sector deals boost Saudi-French ties
The Gulf country has welcomed the increased cooperation of French companies, including in energy, water, and waste management, sustainable cities,...
- The Saudi Arabian Airlines Corporation has ordered CFM engines worth $8.5 billion for its Airbus fleet
- Saudi Aramco also signed deals with French companies to exercise its diversified energy portfolio
Analysis
Global ripples await MidEast markets on Sunday
Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.
- Covid-19 has a new variant that spooked global markets, and its spike protein, which most vaccines target, has mutated 50 times
- This could dent the efficacy of most Covid-19 vaccines across the world, and dampen sentiments further
Science
Carbon capture tech finally gaining speed: IEA
For net-zero, carbon-capture tech cannot spend another decade on the sidelines of climate mitigation efforts, said the IEA.
- Carbon-capture tech and facilities say a stagnation, and even regression, from 2010 to 2017
- However, 2021 has seen many countries and organizations promising to scale up the technology due to their net-zero pledges