Global challenges hit M&A activity in Middle East, GCC
Sovereign Wealth Funds emerge as pivotal players, driving economic diversification and strategic cross-border partnerships, says Riccardo Molinari of Bain &...
Business
AI in the Middle East: From potential to profit
The region is making significant strides in integrating AI into various sectors, promising substantial productivity gains and innovation, a latest...
Business
Analysis
Gulf construction market builds on KSA-UAE rivalry
As Saudi Arabia is all set to become the largest construction site in the world, the competition between Dubai and...
- As Saudi Arabia is all set to become the largest construction site in the world, the competition between Dubai and Riyadh to attract investments will intensify further
- Over the last seven years, $1.1 trillion worth of real estate projects have been announced in Saudi Arabia, says a recent research by Knight Frank
Business
Fossil-fuel subsidies hinder MENA’s energy transition
Improving social safety net may provide the space needed to end subsidies, while investment in renewable energy can cut costs...
- Improving social safety net may provide the space needed to end subsidies, while investment in renewable energy can cut costs and protect households from high prices, says a report
- Energy subsidies distort market dynamics and ignore the social cost of carbon and harmful environmental externalities, claims the recent report by Oxford Economics
Business
The melting fortunes of OSN
A once market leader that everyone looked up to, OSN is now a paler version of its former glory. It...
- Moody's warned in 2020 that there was "slow progress achieved in turning around Orbit Showtime Network’s performance since November 2018, which remains unprofitable"
- Aside from its financial troubles, OSN’s top management has been in a state of flux, with three CEOs changed during the last five years
Business
GCC banks cash in on high deposits, rising oil prices
Rising oil prices, which have proved to be a windfall for governments and companies in the upstream sector, has strengthened...
- Rising oil prices, which have proved to be a windfall for governments and companies in the upstream sector, has strengthened balance sheets of the region's banking sector
- Saudi Arabia and UAE have recorded the strongest quarter-on-quarter and year-on-year growth, while Qatari and Omani banks have reported relatively minor increases.
Business
Loan exemptions: GCC’s way to help individuals, firms
The Gulf countries assist loan defaulters by delaying payments or exempting those who can't pay to save emerging companies and...
- The Gulf countries assist loan defaulters by delaying payments or exempting those who cannot pay to save emerging companies and prevent their accumulation of financial burdens
- Loan exemptions in sectors such as housing, health, marriage and investments are estimated to be in millions of dollars across the region
Business
Qatar World Cup to kick up region’s economic growth
The FIFA World Cup, which is likely to boost tourism across GCC, is all set to increase revenues for Gulf...
- The FIFA World Cup, which is likely to boost tourism across GCC, is all set to increase revenues for Gulf airlines, hotel and restaurant industries and domestic transportation
- Beside Saudi Arabia, Dubai would benefit the most from the expected tourism boom in the Middle East during the World Cup, suggest latest reports
Economy
Digitalization helps GCC realize decarbonization goals
Firms in the region are increasingly augmenting their focus on operational transformation with new approaches to manage and optimize energy...
- Enterprises in the region are increasingly augmenting their focus on operational transformation with new approaches to manage and optimize energy consumption, says an expert
- The Gulf states are seeking to place themselves on a more environmentally sustainable footing through investment in renewable energy, says Ashraf Yehia of Eaton Middle East
Economy
Business reforms enhance Saudi growth prospects
Prioritizing labor market reforms, boosting employment and ease of doing business is likely to make the Kingdom one of the...
- Prioritizing labor market reforms, boosting employment and ease of doing business is likely to make the Kingdom one of the world’s fastest-growing economies this year, says expert
- As brands are looking at Saudi Arabia as their gateway in the Middle East, there is an expected influx of huge amount businesses looking to establish a commercial set up in Kingdom
Business
Gen Z changes rules of the game for realty sector
Property developers are imitating their peers in retail and hospitality and catering to the tech savvy Gen Z tenants and...
- Property developers are imitating their peers in retail and hospitality and catering to the tech savvy Gen Z tenants and homeowners with more personalized products and services
- Realty players need to concentrate more on lifestyle factors such as customer first, lifestyle led, data driven products, moving on from a focus on transactions to relationships
Business
Saudi economy pins hope on female entrepreneurs
Saudi women, who had begun with small projects, are now creating startups and setting up factories, highlighting drastic change in...
- Saudi women have achieved exceptional success through entrepreneurship, particularly with the change in the business environment.
- The goals of Vision 2030 are not limited to increasing entrepreneurship but also increasing women's participation in economic fields.
Global challenges hit M&A activity in Middle East, GCC
Sovereign Wealth Funds emerge as pivotal players, driving economic diversification and strategic cross-border partnerships, says Riccardo Molinari of Bain &...
Business
Company News
Sports shift economic goalposts for Middle East
Arts & Culture
Latest News
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...
Geostrategy
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...
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...
Economy
Most Read
Security risks hit gas flow amidst Israel-Hamas row
Israeli decision to suspend gas supply from Tamar field due to security concerns affects energy and gas sector, resulting in...
- Israeli decision to suspend gas supply from Tamar field due to security concerns affects energy and gas sector, resulting in weekly losses of hundreds of millions of dollars
- Chevron shifts gas exports as Israeli government declares market emergency, while local supply maintained with power plants ready with alternative fuels for energy stability
Geostrategy
Gulf Common Market aims for economic unity by 2025
The bloc's initiative aims for a customs union by 2024, fostering competition and ensuring the smooth flow of goods between...
- The bloc's initiative aims for a customs union by 2024, fostering competition and ensuring the smooth flow of goods between Gulf countries through joint economic action
- Additionally, the Gulf Common Market will also contribute to regional political stability, bolstering military cooperation and enhance tourism and investments in the region
Economy
Dubai’s sustainable vision beyond skyline
Dubai is prioritizing renewable energy, sustainable design, water conservation, and biodiversity protection. Its commitment to a sustainable future showcases its...
- Dubai, renowned for its iconic skyline and luxury, is now leading the charge against climate change with investments and initiatives such as Dubai Clean Energy Strategy 2050
- The emirate prioritizes public transit, electric vehicles, and waste-to-energy solutions, placing global collaboration and partnerships at the heart of its climate strategy