Foreign investments boost Saudi financial market
Saudi Arabia's financial market is on an upward trajectory, fueled by substantial foreign investments and strategic economic diversification under Vision...
Business
Empowering Arab women Sheikha Bodour’s key focus
Sheikha Bodour Al Qasimi, from the American University of Sharjah, advocates for diversity, inclusion, and continuous learning in leadership roles...
Interview
Business
Recession fails to dent luxury car sector
Amid rapid tech growth and rising environmental concerns, understanding the current automotive industry trends, especially in luxury, is vital, says...
- Amid rapid tech growth and rising environmental concerns, understanding the current automotive industry trends, especially in luxury, is vital, says Dr Manfred Bräunl of Porsche
- Porsche Middle East & Africa region, which also includes India, delivered 8,217 cars representing an increase of over 20 per cent compared to 2021, adds Bräunl, the regional CEO
Interview
Luxury car market navigates challenges
In addition to battery electric vehicles, BMW is exploring hydrogen fuel cell technology to harness the potential of clean hydrogen...
- To transition towards sustainable mobility, the main challenge lies in developing the required infrastructure, Dr Hamid Haqparwar, MD of BMW Group Middle East, tells TRENDS
- BMW is exploring hydrogen fuel cell electric vehicles to complement battery electric vehicles and address the potential of clean hydrogen production in the region, he adds
Geostrategy
Gulf investments fuel Turkey’s economic growth
The GCC is the third largest source of foreign investment in Turkey, with 1,973 Gulf companies currently operating in the...
- The GCC is the third largest source of foreign investment in Turkey, with 1,973 Gulf companies currently operating in the country
- Qatar has emerged as a significant investor in Turkey, with foreign direct investments reaching approximately $10.3bn by 2021 end
Business
Demand drives up customized car markets
Popular car customizations include color changes, custom rims and tires, body kit installations, modified exhaust systems for a more aggressive...
- The affluent population's desire for luxury, distinction and personalized automotive experiences help the sector flourish in the Gulf region despite the global challenges
- Luxury-seeking individuals craving one-of-a-kind vehicles on the road generally go for vibrant color changes, custom rims, sleek body kits and immersive audio systems
Business
Dubai luxury realty market at new heights
The emirate's luxury home sales surged to $1.63 billion in Q1 2023, as affluent buyers acquired 88 units exceeding $10...
- A plot of land on Dubai's prestigious Jumeirah Bay Island has been sold for an astounding $34 million, setting a new record in the UAE's real estate market
- Palm Jumeirah, Emirates Hills and Jumeirah Bay Island are prime residential neighborhoods in Dubai, the world's fourth-most active luxury residential market
Geostrategy
GCC-China economic relations move beyond oil trade
China aims to play a more central role in the Gulf region, focusing on investment opportunities beyond the oil and...
- China aims to play a more central role in the Gulf region, focusing on investment opportunities beyond the oil and energy relationship
- Brokering talks between Saudi Arabia and Iran highlights China's ambition to challenge the US dollar's hegemony in the Gulf region
Economy
GCC project awards surge despite economic challenges
Saudi Arabia remains the largest projects market in the GCC as the total value of contracts awarded increases by 54.7...
- Saudi Arabia remains the largest projects market in the GCC as the total value of contracts awarded increases by 54.7 percent YoY during Q1-2023 to US$29.9bn, says a latest report
- The GCC's construction sector is set to take the lion's share of project awards in 2023, even as water, petrochemical, and power sectors may also perform well, adds the report
Business
Top car brands adopt sustainable mobility
Sustainable mobility necessitates taking into account the entire lifecycle of a vehicle, not just the use phase. This includes sustainable...
- Bentley, BMW, Porsche, and Audi lead the way in sustainability by introducing environment-friendly vehicles, aiming to cut CO2 emissions and be sustainable luxury brands by 2030
- BMW Group, for example, aspires to be the world's most sustainable premium car manufacturer by utilizing circular economy principles and secondary materials, says an official
Business
Dubai real estate sector strengthens on investors’ confidence
The present market conditions indicate that investing in real estate assets, especially in beachfront destinations, is opportune. These destinations are...
- Despite global crises, the emirate's thriving market, dynamic economy, favorable government policies, and robust infrastructure entice both local and international investors
- Beachfront destinations are expected to drive significant growth in the sector as the UAE's real estate serves as a hedge against inflation and a safe haven investment
Business
GCC beats the heat with innovations, technologies
Gulf nations make significant strides in battling scorching summer by implementing groundbreaking technologies to create cooler and more comfortable urban...
- Gulf nations make significant strides in battling scorching summer by implementing groundbreaking technologies to create cooler and more comfortable urban environments
- From Saudi Arabia's "road cooling" experiment to Qatar's air-conditioned pedestrian paths and blue-painted streets, these nations are at the forefront of innovative solutions
Foreign investments boost Saudi financial market
Saudi Arabia's financial market is on an upward trajectory, fueled by substantial foreign investments and strategic economic diversification under Vision...
Business
Company News
Latest News
GCC equity markets record first gain in four months
The GCC equity market index rebounded notably in November 2023, with the MSCI GCC index rising 5.2%, led by Qatar...
Business
Is 2030 the finish line for the Gulf Railway Project?
The Gulf Railway aiming for completion by 2030, will link GCC nations with a comprehensive rail network, marking a new...
Economy
Defying global trend, UAE leads Middle East IPO surge
The region's IPO momentum is driven by strong performances from entities like Dubai Taxi Company and a significant announcement from...
Business
Most Read
Business
GCC banks navigate rising rates with record lending
Despite global credit risks, GCC banks thrive with overall lending growth, bolstered by strong performances in Saudi Arabia and the...
- Despite global credit risks, GCC banks thrive with overall lending growth, bolstered by strong performances in Saudi Arabia and the UAE, and robust economic indicators.
- GCC-listed banks hit a new record with aggregate gross loans reaching US$1.95 trillion by Q3-2023, as strong manufacturing and project awards boost market scenario.
Market Report
Q3 corporate earnings show mixed results in GCC
While the energy and commodity sectors faced declines due to falling prices, the banking and telecom sectors demonstrated remarkable resilience,...
- While the energy and commodity sectors faced declines due to falling prices, the banking and telecom sectors demonstrated remarkable resilience, says a latest report.
- The latest comprehensive analysis by Kamco Invest delves into the intricacies of the GCC's corporate financial performance during a turbulent economic period.
Geostrategy
Global food-security crisis nudges GCC to look inward
Billions of dollars are being invested into ventures to grow food in the GCC to make the arid, hot region...
- The region is pouring investments into food manufacturing projects, such as dairy products, meat, poultry, fish, fruits, vegetables, and processed foods
- The GCC governments have devised measures to support local farmers, with much of the focus on local farms and investments in farms outside the Middle East