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
Kuwait leads GCC market gains amid regional tensions
Despite challenges from regional tensions and fluctuating oil prices, sectors like F&B and pharma see notable increases, showcasing the diverse...
Market Report
YEARBOOK 2023
Dubai leads Gulf region in integrating metaverse into economy, society; eyes faster GDP growth, more jobs
Through Dubai Metaverse Strategy, the emirate looks to create 40,000 virtual jobs and add $4 billion to the economy over...
- Dubai aims to attract more than 1,000 companies in the blockchain and metaverse fields, creating 40,000 virtual jobs, say experts
- The metaverse will continue to evolve and expand over the next few years and become an increasingly important part of our daily lives, they add
YEARBOOK 2023
UAE leads GCC with 48% share in realty transactions
In the first nine months of 2022, real estate transactions in the region totaled more than US$143bn, surpassing the full-year...
- In the first nine months of 2022, real estate transactions in the region totaled more than US$143bn, surpassing the full-year US$136.9bn figure during 2021, says Kamco Invest
- Strong demand and price gains were witnessed by luxury residential properties, while the affordable segment also witnessed healthy gains, the report highlights
Economy
PIF leads Saudi Arabia on path of economic reforms
In order to achieve the Vision 2030 goals, the PIF and its portfolio companies seek to help the kingdom grow...
- According to a report by S&P Global Rating, the Public Investment Fund (PIF) has US$620 billion of assets under management
- The Saudi Stock Exchange, Tadawul, is the largest equities market in MENA by market capitalization and trading volumes
YEARBOOK 2023
Middle East witnesses increase in green M&As in 2022
With 283 deals worth $23.8 billion in the first three quarters of 2022, the region’s M&A activity has returned to...
- With 283 deals worth $23.8 billion in the first three quarters of 2022, the region’s M&A activity has returned to pre-pandemic levels, a BCG report has highlighted
- As the focus shifts to environmental considerations, green M&A deals across the region increased from 5 percent in 2020 to 10.3 percent in 2021, the report added
Business
Most Middle Eastern nations lack crypto regulations
The adoption of digital currencies can help open new business segments as the use of these assets increases with time,...
- The adoption of digital currencies can help open new business segments as the use of these assets increases with time, Daniel Takieddine, CEO of MENA BDSwiss, tells TRENDS
- The digital currency market had a challenging year in 2022 as significant cryptocurrencies were down more than 50 percent from their all-time highs in late 2021
Business
Mahzooz one of Dubai’s several tickets to success
Dubai, known as the 'City of opportunities' for one and all, offers many ways to help individuals become rich and...
- Dubai, known as the 'City of opportunities' for one and all, offers many ways to help individuals become rich and prosperous, including Mahzooz's Weekly Draw
- Mahzooz, it is said, gives UAE residents a chance to win millions of dirhams as a kind of contribution to give back to the community through a weekly live draw
Business
Inflation set to shape holiday shopping season
Even as the retail industry is facing unprecedented challenges, the stars are aligning to deliver another "unprecedented" holiday season, a...
- Even as the retail industry is facing unprecedented challenges, the stars are aligning to deliver another "unprecedented" holiday season, a latest report points out
- Amidst the ongoing Inflationary pressure, the cost of goods is rising faster than what can reasonably be passed on to consumers, the Salesforce research highlights
Business
Residential properties in UAE remain key attraction for international real estate investors
Experts attribute the main reasons for the increase in the real estate demand to the UAE government's numerous initiatives and...
- Experts attribute the main reasons for the increase in the real estate demand to the UAE government's numerous initiatives and the high income level of investors
- The UAE continues to witness a positive trajectory across the residential, office, retail, and hospitality segments in the third quarter of this year, says a new report
Geostrategy
Business deals enhance GCC-China cultural ties
Strengthening of political, economic and trade relations between China and the Gulf Cooperation Council countries during the past 15 years...
- As of the beginning of 2020, China’s contracts and investments in the GCC had reached nearly US$190 billion since 2005 and are expected to grow further
- The number of Chinese residents in the UAE increased from 2,000 in the early 1990s to nearly 300,000 by 2018, with 270,000 concentrated in Dubai alone
Economy
UAE consumers hold the purse strings as soaring inflation affects wages, wealth and purchasing power
Consumers in the Gulf country plan to adjust their lifestyle by reducing their household and miscellaneous expenses over the next...
- Consumers in the Gulf country plan to adjust their lifestyle by reducing their household and miscellaneous expenses over the next three months, a latest survey points out
- When asked in which segments they will reduce spending on over the next three months due to rising prices, 26 percent of those polled cited clothing as the top area, it adds
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
Company News
Global economic concerns hit GCC equity performance
Market Report
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Global economic concerns hit GCC equity performance
Market Report
Archaeology talks unravel past’s influence on future
Arts & Culture
Global trade at a crossroads as Gaza conflict intensifies
With Suez Canal's pivotal role in global commerce, any disruption may send shockwaves through markets worldwide, challenging the resilience of...
Economy
Conflict points to economic shift in Arab-Israel ties
Bahrain's expulsion of Israel's ambassador and halted trade may foreshadow a broader economic realignment in the Middle East, threatening key...
Business
Gulf markets tumble amid rising geopolitical concerns
As the Gaza conflict intensifies, GCC equity markets face significant downturns, with Qatar leading the losses, while Saudi Tadawul secures...
Market Report
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Economy
Futuristic strategies elevate Dubai
Dubai's transformation from a humble fishing village to a global tourist powerhouse is nothing short of remarkable. Just decades ago,...
- Dubai's evolution from a simple fishing village to a premier global tourist hub is credited to its innate advantages, deliberate investments, and cohesive destination development
- The emirate exemplifies visionary leadership and adaptability, attracting millions yearly, and has shown resilience during crises like 2008 financial downturn and Covid pandemic
Geostrategy
Middle East conflict may disrupt global trade routes
Recent developments spark concerns that the conflict, which is spreading across the region, presents a long-term threat to global energy...
- Recent developments spark concerns that the conflict, which is spreading across the region, presents a long-term threat to global energy and commercial infrastructure.
- IMF's Kristalina Georgieva and World Bank's Ajay Banga stress economic vulnerabilities and development impacts amid volatile oil prices potentially surpassing $100 per barrel.
Economy
Huge investments propel GCC project sector growth
The GCC project sector, one of the world's most dynamic, has recorded a significant surge in project awards, reaching $41.8...
- The GCC project sector, one of the world's most dynamic, has witnessed a significant surge in project awards, reaching $41.8 billion in the third quarter of 2023, says a report.
- Driven by diversification efforts, countries like Kuwait and Saudi Arabia lead in contract values, emphasizing sustainable projects that align with long-term economic aspirations.