Tech revolutionizes professional landscape for women
Women First Jobs offers tailored solutions for women in the UAE, overcoming societal norms and unequal access to opportunities, says...
Business
KSA seeks to lead global sustainability drive with Alat
Led by Saudi Crown Prince Mohammed bin Salman, Alat is poised to revolutionize the tech sector, aiming for carbon neutrality...
Economy
Business
Customers feel better with ‘Buy Now, Pay Later’ plans
Buy Now, Pay Later services provide customers the functionality of credit cards-- easy payments with no cash. But BNPL usually...
- BNPL providers pay retailers upfront and lend money to customers while taking on all of the program's administrative costs and credit risk.
- The appeal of BNPL also lies in the fact that vast amounts of consumer data can be used by retailers to enhance customer loyalty by offering more targeted products.
Interview
Sustainability key focus of GCC automotive industry
Current trends in the automotive sector such as zero-emission vehicles and carbon-neutral manufacturing demonstrate the growing importance of sustainability, says...
- BMW Group is placing sustainability at the center of their strategic direction across all divisions, says a key BMW Group Middle East official
- By 2030, BMW will release around 10 million fully electric vehicles onto the roads, adds Hamid Haqparwar, Managing Director at BMW Group Middle East
Economy
Gulf citizens wealthier as oil boom raises revenue
Qatar ranks first in the Arab world and the Gulf region with an annual per capita share of around $183,000,...
- Bahrain ranked fourth in the Gulf and the Arab world, with an average per capita wealth of $98,000.
- Oman was ranked sixth in the Arab world and the Gulf, with an annual GDP per capita of about $39,433.
Business
Startups adopt new strategy to survive post pandemic
Post pandemic, startups, SMEs, and entrepreneurs must adopt a new mentality to scale their enterprises and survive, says Awfa Mustafa,...
- The classic challenges that startups face revolved around getting funds, managing cash flow and acquiring the necessary skills and talents.
- During and after the pandemic everyone went online all of a sudden and no one was prepared for this shift, even though many startups thought they would benefit from it.
Economy
Low carbon demand spurs green sukuk growth
With the rise in demand for low-carbon investments, investors issued $517 billion in green bonds last year, a 50 percent...
- With the rise in demand for low-carbon investments, investors issued $517 billion in green bonds last year, a 50 percent increase over 2020.
- Sukuks cannot be used to finance illegal activities and are designed to avoid high levels of leverage and speculation, a new research highlights
Business
Middle East plays well to become sports tourism hub
Major events such as Qatar World Cup 2022, Formula 1 Abu Dhabi Grand Prix, etc. will give Gulf tourism a...
- Major events such as Qatar World Cup 2022, Formula 1 Abu Dhabi Grand Prix, etc. will give Gulf tourism a boost in the last quarter of this year, according to a latest report
- Amongst the GCC countries, the UAE, Saudi Arabia, and Qatar will see the majority arrival of travelers mainly from Asia, Europe, the Americas, Africa, and the UK, the report added
Business
GCC banks look at pre-Covid profitability level
Earnings of many Gulf banks may hit nearly pre-pandemic levels by the year end, owing to high oil prices and...
- Earnings of many Gulf banks may hit nearly pre-pandemic levels by the year end, owing to high oil prices and rising interest rates that will support their creditworthiness
- S&P forecasts a more visible strengthening of regional banks' interest margins and a manageable increase in risk cost in second half despite lingering COVID-19 effects
Economy
Arab youth prefer UAE over home country to live, work
Key attractions in the UAE include economy, secure environment, rewarding salary packages, a wide range of job opportunities, and the...
- The top five attractions in the UAE are growing economy, secure environment, rewarding salary packages, a wide range of job opportunities, and the wise leadership, says a survey
- Young Arabs living in the country agree that the UAE is the ideal place for them to live and work, citing its benefits, diversity of opportunities, and flexibility in the laws
Business
Qatar World Cup opens new room for UAE hospitality
Hotels in Dubai are reporting an increase in room bookings ahead of the Qatar World Cup 2022, with many expecting...
- Hotels in Dubai are reporting an increase in room bookings ahead of the Qatar World Cup 2022, with many expecting to be fully booked during the international football event
- Spillover demand will undoubtedly be especially for hotel accommodations in cities such as Dubai, Abu Dhabi, Muscat, and Riyadh, says Faisal Durrani of Knight Frank
Business
Innovations keep manufacturers going in Middle East
More organizations in the region are trying to turn their current challenges into advantages through innovations and by improving skills...
- More organizations in the region are trying to turn their current challenges into advantages through innovations and by improving skills to collaborate with suppliers and allies
- Manufacturers who recognize and harness the sector's challenges and trends will be better positioned to capitalize on new opportunities
Tech revolutionizes professional landscape for women
Women First Jobs offers tailored solutions for women in the UAE, overcoming societal norms and unequal access to opportunities, says...
Business
Company News
Global economic concerns hit GCC equity performance
Market Report
Archaeology talks unravel past’s influence on future
Arts & Culture
Latest News
Sports shift economic goalposts for Middle East
Arts & Culture
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
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...
Business
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,...
Economy
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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.
Economy
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.
Economy
Qatar eyes North Field to boost liquefied gas output
Qatar plans a 60% boost in liquefied gas production by 2027 through North Field expansion, tapping the world's most substantial...
- Qatar plans a 60% boost in liquefied gas production by 2027 through North Field expansion, tapping the world's most substantial gas reservoir with 50.97trn cubic meters
- The project will raise global LNG by 48 million tons annually, supporting a GDP per capita over $84,000 from $132bn gas exports while producing 40% of new LNG by 2029