Search Site

ADNEC to acquire ‘Royal Catering’

Royal Catering has more than 2.500 employees.

PIF sets up sarcc company

The new entity will address growing staff accommodation demand.

Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.

AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.

ADNOC L&S to pay $136.5m dividend

This is equivalent to 6.78 fils per share, the company said.

Ramadan influences consumer habits, retail strategy

The ongoing fasting month brings traditional practices and modern shopping habits together, impacting market trends significantly in the Gulf region.

Rise in EVs drives Middle East toward greener future

A transformative shift is unfolding in the region as more people transition from gasoline-powered vehicles to electric ones, an in-depth...
  • A transformative shift is unfolding in the region as more people transition from gasoline-powered vehicles to electric ones, an in-depth TRENDS report reveals.
  • With global EV sales hitting significant milestones and the UAE setting ambitious green targets, the future of transportation is looking increasingly electric

Rise in EVs drives Middle East toward greener future

A transformative shift is unfolding in the region as more people transition from gasoline-powered vehicles to electric ones, an in-depth...
  • A transformative shift is unfolding in the region as more people transition from gasoline-powered vehicles to electric ones, an in-depth TRENDS report reveals.
  • With global EV sales hitting significant milestones and the UAE setting ambitious green targets, the future of transportation is looking increasingly electric

Global economic concerns hit GCC equity performance

Influenced by global inflation concerns and high rates, Gulf markets faced second consecutive monthly dip in September. Only Dubai and...
  • Gulf equity markets experienced a downturn for the second consecutive month in September 2023, reflecting global economic concerns
  • While major indices like the MSCI World Index and the S&P 500 saw declines, only Dubai and Qatari markets managed to post gains

Global economic concerns hit GCC equity performance

Influenced by global inflation concerns and high rates, Gulf markets faced second consecutive monthly dip in September. Only Dubai and...
  • Gulf equity markets experienced a downturn for the second consecutive month in September 2023, reflecting global economic concerns
  • While major indices like the MSCI World Index and the S&P 500 saw declines, only Dubai and Qatari markets managed to post gains

Social aspects of ESG put some firms in a tight spot

While companies are increasing their investments in social initiatives, many grapple with effective execution and evaluation, highlights a new study...
  • While companies are increasing their investments in social initiatives, many grapple with effective execution and evaluation, highlights a new study by Kearney
  • With only a third of companies seeking external insights, there's a clear opportunity for enhanced collaboration and knowledge-sharing, the report points out

Archaeology talks unravel past’s influence on future

Insights from the recently held archaeology summit highlight AlUla's prominence as an archaeological epicenter, helping to bridge historical gaps and...
  • Insights from the recent archaeology summit highlight AlUla's prominence as an archaeological epicenter, helping to bridge historical gaps and deepen understanding
  • Organized by the Royal Commission for AlUla, the event attended by over 300 delegates from 39 countries, tries to look beyond traditional archaeological boundaries

Innovation steers Middle East through tourism swings

Facing tourism seasonality challenges, the region diversifies offerings, enhances infrastructure, and collaborates, for year-round success despite temperature fluctuations.
  • The Middle East combats tourism seasonality and temperature challenges with innovative strategies for consistent year-round appeal
  • Using diversified tourism, improved infrastructure, and collaboration, destinations can maximize off-peak season benefits in the region

Urban developments transform Saudi realty

The exhibition saw the launch of massive real estate ventures, including integrated, modern cities, with a combined investment of around...
  • The recent "Cityscape Global" exhibition in Riyadh showcased the vast urban development initiatives, signaling a bright future for the Kingdom's urban and housing sectors
  • The exhibition highlighted Saudi Arabia's $17 billion Diriyah Gate project and other urban developments, with investments totaling approximately $18.3 billion

Cash transactions dominate Dubai’s property market

This trend, driven by affluent investors and global rate hikes, underscores the city's robust economic allure and the confidence investors...
  • This trend, driven by affluent investors and global rate hikes, underscores the city's robust economic allure and the confidence investors place in its property market
  • Dubai's elite neighborhoods see a 49% annual growth in prime values, with current cash purchase rates at historic highs, surpassing even pre-2008-09 levels

Sports shift economic goalposts for Middle East

In a bid to diversify their economies, Middle Eastern nations are turning to the sports industry, marked by significant investments...
  • In a bid to diversify their economies, Middle Eastern nations are turning to the sports industry, marked by significant investments in global tournaments and infrastructure
  • Danube Group Managing Director Adel Sajan highlights Dubai's innovative spirit and the role of entities like Danube Sports World in shaping the region's sports future

March sees GCC Index drop as heavyweight sectors lag

GCC equity markets experienced a March downturn, influenced by seasonal selling pressure during Ramadan, leading to a 3.0% drop in...

Company News

Latest News

Crypto market sees drop in scams, stolen funds

The cryptocurrency sector recorded a promising recovery in 2023, with a significant decline in crypto scams and stolen funds revenue,...

Demand for lifestyle experiences in GCC has increased: SHG CEO

Dubai, UAE -- Sunset Hospitality Group (SHG) is more than just a collection of hotels, restaurants, and beach clubs. Renowned...

Qatar to set up Centre for Fourth Industrial Revolution

Davos, Switzerland -- The war in Ukraine, tensions in the Middle East, monetary policy in 2024, jobs, equitable economic growth,...

Most Read

Epstein case: Social media frenzy over released papers

The release of Epstein-related court documents has ignited a social media frenzy, sparking intense scrutiny and various reactions about high-profile...
  • The release of Epstein-related court documents has ignited a social media frenzy, sparking intense scrutiny and various reactions about high-profile individuals' involvement.
  • The scandal has shown how social media can transform public discourse and activism, allowing for the expression of outrage, demands for justice, and alternative narratives.

PIF’s diverse investments transform Saudi economy

From sports and gaming to pharmaceuticals and aviation, the Saudi Public Investment Fund's strategic initiatives are shaping a dynamic future...
  • From sports and gaming to pharmaceuticals and aviation, the Saudi Public Investment Fund's strategic initiatives are shaping a dynamic future for the the Kingdom's economy.
  • The PIF's diverse industry launches and acquisitions, managing $701 billion in assets, have created over 644,000 jobs in pharmaceuticals, aviation, and tourism sectors.

Gulf countries eye global metal recycling hub status

Amidst an electric vehicle market boom, a looming global shortage of crucial minerals such as lithium and cobalt threatens to...
  • Amid an electric vehicle market boom, a looming global shortage of crucial minerals such as lithium and cobalt threatens to double metal prices.
  • Gulf countries are positioned to become global recycling hubs, offering a solution to the impending crisis and aiding the transition to clean energy.