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DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

ADNEC to acquire ‘Royal Catering’

Royal Catering has more than 2.500 employees.

PIF sets up sarcc company

The new entity will address growing staff accommodation demand.

Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.

AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.

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...

Gulf realty navigates opportunities and challenges

The GCC real estate sector enters 2024 amidst a complex interplay of global economic challenges and regional opportunities, says a...

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

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

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

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

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

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

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

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

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

Online spending set to rise as MENA shoppers start looking for products, offers ahead of holiday season

Consumers in the UAE, Saudi Arabia and Egypt are among the most excited to search for Black Friday compared to...
  • Consumers in the UAE, Saudi Arabia and Egypt are among the most excited to search for Black Friday compared to Brazil, UK, and US, Google’s internal data suggest
  • About 60 percent in the UAE and Saudi Arabia look for new products and brands when browsing online during the sales season, the Google's study highlights

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...

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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...

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...

Investors eye gold as safe haven amid Gaza tensions

The ongoing Gaza conflict has driven gold prices over $2,000/oz, highlighting the deep connection between geopolitical tensions and global financial...

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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.

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.

Policy and infra drive Dubai’s global rise

The emirate's pro-business policies, dedicated trade zones, and emphasis on tech innovation position it as a premier financial hub, George...
  • Dubai, historically a pivotal trading center, has evolved into a global hub for commerce, leveraging its strategic location and world-class infrastructure, says an expert.
  • Business-friendly policies, specialized trade zones, and a commitment to tech innovation make the city a leading financial marketplace, adds George Pavel of Capex.com.