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
Diversification helps GCC surge in global markets
Gulf economies are witnessing transformative growth and resilience with the UAE, Saudi Arabia, and Qatar leading the way in global...
Economy
Economy
Priorities set to spur Saudi digital transformation
Organizations across the Kingdom are witnessing major DX impact in customer satisfaction, cost efficiencies, and data-driven insights, an IDC executive...
- Organizations across the Kingdom are witnessing major DX impact in customer satisfaction, cost efficiencies, and data-driven insights, an IDC executive tells TRENDS
- More than 50 percent of chief information officers in Saudi Arabia are now focused on transitioning their existing business models to digital ones, says an IDC report
Economy
Regulatory clarity to help GCC region unlock full potential of Metaverse, cryptocurrency markets
Data privacy, security, consent management, safety, integrity, equity, inclusion, accessibility, affordability, and protection of virtual asset ownership remain key concerns.
- Data privacy, security, consent management, safety, integrity, equity, inclusion, accessibility, affordability, and protection of virtual asset ownership remain key concerns
- The two technologies provide an opportunity to KSA and UAE to enable and accelerate non-oil use cases in the region and become hubs in the region and beyond
Business
Rising rates boost GCC banking sector’s net margin
The region's banking sector thrives in Q4-2022 with NIMs at multi-year highs and strong lending growth despite global banking crisis,...
- The region's banking sector thrives in Q4-2022 with NIMs at multi-year highs and strong lending growth despite global banking crisis, highlights a report
- The ongoing banking sector crisis in the US and Europe has limited impact on the region as GCC banks' exposure to these parts of the world remains minimal
Economy
Foreign realty ownership to diversify KSA economy
The move is likely to help regulate supply, bridge the gap between supply and demand, and create more demand for...
- The move is likely to help regulate supply, bridge the gap between supply and demand, and create more demand for further development in the Kingdom, says an expert
- The real estate sector plays a crucial role in the country's long-term plan to shift its economy away from oil dependence, adds James Elliot-Square of PRO Partner Group
Business
UAE to spend $20bn on digital tech in three years
The UAE aims to double the contribution of the digital economy to the GDP from 9.7% to 19.4% within the...
- The UAE aims to double the contribution of the digital economy to the GDP from 9.7% to 19.4% within the next 10 years, and seeks to establish itself as an innovation hub
- Govts must prioritize investments in digital infrastructure and R&D into frontier technologies such as AI and robotics, to enhance the digital economy's total factor productivity
Economy
Luxury, safety, modernity keep UAE hospitality ahead
The hospitality industry's future looks bright, with the GCC emerging as a major hub for both international and domestic travel,...
- The hospitality industry's future looks bright, with the GCC emerging as a major hub for both international and domestic travel, Naim Maadad of Gates Hospitality tells TRENDS
- Dubai's hospitality industry is bouncing back from the pandemic with both leisure and business trips on the rise, and the industry anticipating a prosperous year ahead, he adds
Economy
Sustainability prime focus as KSA invests heavily in modern cities, transforms building patterns
Urban development projects such as Cube and NEOM are aimed at improving the quality of life and creating a stimulating...
- Urban development projects such as Cube and NEOM are aimed at improving the quality of life and creating a stimulating environment for foreign investments in the Kingdom.
- The Saudi leadership seeks to establish good infrastructure for urban agglomerations, create an attractive and join the league of best cities in the world for housing
Economy
Global recession fear may affect UAE’s hiring rate
Companies are spending more on employee salaries and retention, such as increasing insurance premiums and investing in employee benefits, says...
- Companies are spending more on employee salaries and retention, such as increasing insurance premiums and investing in employee benefits, Brian Habibi of Bayzat tells TRENDS
- Although the UAE has remained extremely resilient, the market is not immune to global economic conditions, adds the Co-Founder and Chief Customer Officer of the platform
Arts & Culture
Unique platforms raise Arab women’s voices
Empowering women through platforms that allow them to tell their stories and express their opinions is crucial in achieving gender...
- Platforms such as Womena help in empowering women in the Arab region by advancing their rights and taking initiatives for gender equality
- It is crucial to recognize that women across the Arab world have the power to empower one another, says Womena founder Elissa Freiha
Economy
New Saudi law brings in new businesses, more FDI
The New Companies Law simplifies the procedures to set up foreign businesses in Saudi Arabia, and removes several restrictions, says...
- The New Companies Law simplifies the procedures to set up foreign businesses in Saudi Arabia, and removes several restrictions, James Swallow of PRO Partner Group tells TRENDS
- Since the new law's implementation, there has been considerable interest from companies to operate and invest in the Kingdom, says Swallow, adding that is generating employment
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
Company News
Latest News
Rising temperatures worry MENA region
The Middle East and North Africa (MENA) region faces severe climate change challenges, including water scarcity and extreme temperatures, with...
Economy
MENA’s $2trn construction boom boosts sustainability
With innovative technologies and a focus on reducing emissions, this transformation could position the region as a global leader in...
Economy
Gaza conflict casts shadow on Israel’s gas industry
War with Palestinians disrupts Israel's gas exports, causing economic losses and altering energy strategies.
Economy
Most Read
Economy
GCC maintains stable inflation rates despite crises
Pausing of rate hikes by global central banks amid fluctuating inflation rates influences global markets, with specific impacts in the...
- Pausing of rate hikes by global central banks amid fluctuating inflation rates influences global markets, with specific impacts in the MENA region, says a new report.
- The latest Kamco report offers an insightful analysis of economic trends in key Gulf countries, shedding light on their unique inflationary challenges and strategies.
Business
Technological advances propel UAE’s payments industry
The sector's growth, driven by the transition to digital transactions and tech innovations, positions UAE as a leader in the...
- The sector's growth, driven by the transition to digital transactions and tech innovations, positions UAE as a leader in the evolving global payments landscape, says a report.
- Moreover, the Gulf country's economic expansion and changing consumer preferences towards digital payments are also leading to continuous growth of the payment industry.
Analysis
Saudi pioneering solutions for water scarcity
The kingdom is forging partnerships with major corporations to revolutionize water technologies and achieve water self-sufficiency.
- Water scarcity is 500 cubic meters per capita, while Saudi Arabia's annual per capita share of water does not exceed 89.5 cubic meters.
- The Saline Water Conversion Corporation has signed agreements with several major corporations to tackle water scarcity.