Women playing key role in educational innovations
Arab women have significant impact in shaping educational practices by embracing technology and student-centered learning, says Aziza Ellozy of The...
Interview
Female founders flourish in UAE’s startup ecosystem
Over the past decade, the UAE has become a global hub for innovation and entrepreneurship, attracting significant interest from international...
Economy
Economy
Sustainable innovations to help Gulf industries reduce CO2 emissions, says report
Seven industries - advanced manufacturing services, retail, banking, energy, healthcare, consumer products, and automotive - are poised to be the...
- Seven industries - advanced manufacturing services, retail, banking, energy, healthcare, consumer products, and automotive - are poised to be the key gainers, says a report
- Banks can influence how companies and consumers act, invest, and address their environmental obligations through their product offerings, highlights the Bain & Company
Economy
Sponge cities an answer to Gulf water woes
China, Singapore and Hong Kong are planning to convert 80 percent of their cities into sponge areas by 2030 for...
- A sponge city is a nature-based solution that uses the landscape to retain water at its source, slow down water flow and clean it throughout the process
- According to specialized construction reports, China was one of the first countries to resort to this technology, followed by Singapore and Hong Kong
YEARBOOK 2023
GCC investment in non-oil sectors grew in 2022
GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their...
- GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their strategy to diversify their economies
- The Kingdom's NEOM introduced the energy and water company Inwa, while the Saudi Ports Authority launched 12 private sector investment opportunities last year
Business
Sustainability key for next-gen data center models
At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about...
- At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about 3 percent of the world’s electricity usage
- Data centers must operate as efficiently and sustainably as possible to eliminate any potential harm to the environment.
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
Women playing key role in educational innovations
Arab women have significant impact in shaping educational practices by embracing technology and student-centered learning, says Aziza Ellozy of The...
Interview
Company News
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Global economic concerns hit GCC equity performance
Market Report
Gaza unrest poses risk to oil markets, global growth
Middle East tensions likely to spur a mild global recession, with oil potentially hitting $120-$150 per barrel, says a latest...
Economy
Dubai sets 75% renewable goal by 2050
The emirate’s solar energy capacity has increased by over 100 times in the past decade, and the cost of solar...
Business
Are neobanks challenging traditional players in UAE?
While the digital revolution continues to unfold, the core of customer trust and regulatory frameworks stays unshaken, shaping the future...
Business
Most Read
Economy
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...
- With Suez Canal's pivotal role in global commerce, any disruption may send shockwaves through markets worldwide, challenging the resilience of international supply chains.
- The region's conflict may intensify the factors impeding trade growth, alongside other issues such as rising rates, crisis in China's realty market, and Russian-Ukrainian war.
Business
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...
- Bahrain's expulsion of Israel's ambassador and halted trade may foreshadow a broader economic realignment in the Middle East, threatening key regional trade pacts.
- Israel's strategic gas deals and burgeoning trade with Arab nations, including a potential UAE free trade deal, will be affected if the Gaza conflict escalates further.
Market Report
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...
- As the Gaza conflict intensifies, GCC equity markets face significant downturns, with Qatar leading the losses, while Saudi Tadawul secures year-to-date gains, says a report.
- Qatar Stock Exchange plans to shorten settlement cycles to reduce risk as Kuwaiti benchmarks and Abu Dhabi's FTSE ADX index falter, while Dubai market's positive run halts.