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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

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...

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...

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

GCC countries take steps to close gender pay gap

TRENDS Twitter poll suggests 48% candidates face discrimination during job recruitment process in the Gulf region, while 30% do not,...
  • Recent updates to labor laws in the UAE, Saudi Arabia, and Bahrain aim to bridge the gender pay gap and address discriminatory practices
  • These updates include prohibiting discrimination between male and female employees who perform the same job and introducing paternity leave in the UAE

Digital platforms are transforming the way GCC countries attract investments

Since the beginning of 2023 alone, three digital and physical platforms have been launched by Qatar, Oman and Kuwait to...
  • The Qatar Investment Promotion Agency launched the latest Gulf investment platform on April 4, 2023
  • The most prominent investment platform in the UAE is "Invest in Dubai", launched in February 2021

Dubai faces tough fight as GCC nations compete for tourists on digital, social media platforms

The emirate still remains at the top of the list of places to visit in the region because of the...
  • Several Arab Gulf countries are ambitiously trying to turn themselves into major tourist destinations, and some have already had considerable success
  • Dubai still remains at the top of the list of places to visit in the region because of the sheer diversity of products it has to offer and the infrastructure it has built

Focus on innovation and sustainability as RAKEZ helps businesses grow

The economic zone supports over 18,000 SMEs and multinational corporations, providing them with simplified processes, customized packages, and digitalized services,...
  • The economic zone supports over 18,000 SMEs and multinational corporations, providing them with simplified processes, customized packages, and digitalized services, says Jallad
  • RAKEZ offers regular B2B networking opportunities, hosts workshops and seminars, and provides aftercare support to ensure businesses thrive in the UAE and beyond, he adds

Saudi Arabia’s FDI bid: Economic zones, 100% foreign ownership, tax sops

The kingdom hopes that its regulatory incentives and strategic location would help it compete with the UAE, whose tax-free zones...
  • The kingdom's availability of natural resources, organizational changes, and a young population add to its attraction for the investors
  • The country has benefited from the rise in oil prices caused by the Ukrainian war and is expected to achieve the G20's highest growth rate

GCC-listed firms post record growth in 2022, fueled by a thriving energy sector

Net profit reported by the companies jumped to a record high of US$ 273.3 billion in 2022,  compared to US$...
  • Net profit reported by the companies jumped to a record high of US$ 273.3 billion in 2022,  compared to US$ 199.0 billion in 2021
  • The energy sector alone witnessed US$ 74.2 billion, or 37.3 percent growth, mainly on the back of a steep jump in profits led by Aramco

GCC data center market to reach $5.5bn by 2028

Major cloud service providers such as Microsoft, Tencent Cloud, Oracle, Amazon Web Services, and Alibaba Cloud are establishing local cloud...
  • Saudi government has implemented the Cloud First policy to encourage the adoption of cloud services
  • Microsoft, Tencent Cloud, Oracle, Amazon Web Services, and Alibaba Cloud are establishing local cloud regions

Why do firms falter in Middle East’s booming sectors?

In the last 10 years, a motley of supposedly best-run companies in the Middle East have collapsed, disappearing into obscurity....
  • In order to stave off total ruin and collapse of a business, industry experts recommend for the board to take charge of strategy, in cahoots with the management.
  • Many experts blame disagreements within a board, or a lack of team spirit as the reason for tipping a company toward a slow demise

Saudization, progress help KSA reduce unemployment

Since the launch of Vision 2030, the kingdom's unemployment rate has notably dropped due to economic development, job localization, and...
  • Since the launch of Vision 2030, the kingdom's unemployment rate has notably dropped due to economic development, job localization, and greater women participation in labor market
  • The Saudi Ministry of Human Resources, which conducted a labor market supply and demand study, aims to create a national unit to identify future specializations and required skills

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...

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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...

Fintech fuels growth in Islamic finance sector

Islamic banking, making up 70% of the Islamic finance market's assets, is undergoing a transformative phase, fueled by fintech innovations...

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...

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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

Conflict hits regional gas supply and infrastructure

The Israel-Hamas conflict has halted gas production at the Tamar plant, significantly impacting the region's infrastructure and disrupting Israel's gas...
  • The Israel-Hamas conflict has halted gas production at the Tamar plant, significantly impacting the region's infrastructure and disrupting Israel's gas exports.
  • The conflict poses risks to the regional energy sector, potentially affecting Egypt's gas supply and oil and gas prices due to tensions in the Strait of Hormuz.

AI transforms office roles and enhances productivity

Artificial intelligence automates tasks and boosts capabilities, leading to transformative changes in job roles, productivity, and staff engagement dynamics.
  • Artificial intelligence automates tasks and boosts capabilities, leading to transformative changes in job roles, productivity, and staff engagement dynamics.
  • Chatbots and virtual assistants are set to enhance employee experience and workplace efficiency, while companies shift focus to outcome-based performance.