Digital innovation spurs gender parity in Middle East
Technology, from digital platforms to AI, offers a transformative avenue for empowering women, says Isabel Neiva of Kearney Middle East...
Business
Consumer products sector grows amid rising prices
The consumer products sector enjoys tremendous growth, with retail sales value for the industry globally rising by close to 10...
Business
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
Business
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
Business
Post Covid, shopping centers in UAE adopt experiential community approach to attract customers
Through the new concept, retailers and shopping centers in the Gulf country are giving a customer a whole experience, in...
- Through the new concept, retailers and shopping centers in the Gulf country are giving a customer a whole experience, in some cases both in-store and online
- The experiential community strategy involves getting businesses via flexibility, where brands can stay for a period and decide whether to remain permanently.
Business
New technologies bolster GCC-Asia trade relations
Beyond oil and gas, Gulf companies have made some strategic investments in sectors with strong potential for growth, including fintech,...
- GCC and Asian countries are benefitting from technological advancements, which has potential to make cross-border trade more efficient, inclusive and equitable for SMBs.
- Gulf countries, led by the UAE and Saudi Arabia, have been investing in Asian technology companies and incentivizing them to launch operations in the region, says an expert.
Analysis
Crypto betting sites on sports gain popularity as game prediction market grows across MENA
Crypto betting in sports has become a booming market due to the increasing number of sports fans and their desire...
- Crypto betting in sports has become a booming market due to the increasing number of sports fans and their desire to wager on athletes and tournaments
- There has been a rise in the number of betting sites accepting crypto and new blockchain-based betting sites
Business
GCC chemical companies lesser exposed to market risks than their European counterparts
Chemical companies in the Gulf region are likely to cope relatively well with the current stresses of rising rates and...
- Chemical companies in the Gulf region are likely to cope relatively well with the current stresses of rising rates and higher energy costs, says a recent report.
- Market conditions for commodity chemical companies have improved notably over the past 15-18 months on the back of rising oil prices, it adds
Business
Middle East region now has a new address for business centers: Downtown
Close to 200 years after the business hub of New York City was named as downtown, the word has entered...
- Saudi Crown Prince Mohammed bin Salman announced the establishment of Saudi Downtown Company
- The Downtown Jeddah project will cover 5 million square meters and house more than 58 thousand people, likely to be completed in 2029
Digital innovation spurs gender parity in Middle East
Technology, from digital platforms to AI, offers a transformative avenue for empowering women, says Isabel Neiva of Kearney Middle East...
Business
Company News
Global economic concerns hit GCC equity performance
Market Report
Latest News
Global economic concerns hit GCC equity performance
Market Report
Archaeology talks unravel past’s influence on future
Arts & Culture
81% UAE companies plan to use AI for cybersecurity
AI has emerged as a transformative force in various sectors, revolutionizing how businesses operate, make decisions, and secure their assets,...
Business
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
Most Read
Business
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...
- The ongoing Gaza conflict has driven gold prices over $2,000/oz, highlighting the deep connection between geopolitical tensions and global financial market reactions.
- The 'political reversal' scenario for the present Middle East developments involves potential involvement of Lebanon and Syria, while the 'oil crisis' scenario involves Iran.
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.