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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.

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...

Global HQs help Saudi youth boost skills, get jobs

The presence of multinationals promises a transfer of expertise and skills, enhancing opportunities for Saudi youth and contributing to the...

Crises put Gulf investments in Sri Lanka at stake

The region has invested billions of dollars across sectors in the South Asian nation as recent past witnessed an expansion...
  • The region has invested billions of dollars across sectors in the South Asian nation in the recent past
  • Sri Lanka has been enduring shortages of food, fuel, medicines and other essentials for months

PPP projects inject more vigor into Saudi healthcare

The Kingdom is stepping forward and allowing the private firms to invest in healthcare infrastructure, Sandeep Sinha, Head of Healthcare...
  • The Kingdom is seeing a rise in private investment in the industry with multiple forthcoming healthcare PPP projects
  • Improving access to quality healthcare and building a world-class infrastructure are crucial pillars of Saudi Arabia's Vision 2030

GCC expects moderate impact of global recession

The region is better placed to deal with global slowdown as oil and gas prices will stay high due to...
  • The region is better placed to deal with global slowdown as oil and gas prices will stay high due to supply restrictions, Jean Claus, CEO of Allianz Trade Middle East, tells TRENDS
  • Regional GDP growth is expected to be +2.7 percent in 2023 in an 'adverse scenario', slightly lower than the +3.1 percent expected in the baseline scenario, Claus adds

Fear of global slowdown worries Gulf economies

The global economic stagnation is expected to impact the GCC growth due to the decline in industrial and economic activities...
  • Economic stagnation has been a concern in many countries worldwide, especially in the Gulf states
  • Economic stagnation is a concern in light of the growing inflation, rise in interest rates and disruption in supply chains

Growth in focus as UAE signs CEPAs with key nations

Since February this year, the Gulf country has inked Comprehensive Economic Partnership Agreements with India, Indonesia and Israel. Trade deal...
  • Since February this year, the Gulf country has inked Comprehensive Economic Partnership Agreements with India, Indonesia and Israel.
  • This month, the country will sign its fourth CEPA with Colombia and is in negotiations with Turkey and several African and East Asian countries

Metaverse is in the making since 90s: Expert

As a multidimensional world extending the physical realities of our current 4D world, it is rather a product of the...
  • Metaverse is the product of a several waves of digitization and internet development since the 90s.
  • Metaverse will create new opportunities for new services and, in fact, new activities altogether.

Crypto crash seen as interim pain for long-term gain

There will be some volatility in the sector for a long time to come because it is an early-stage market,...
  • There will be volatility in the sector for a long time to come because it is an early-stage market, says Valerie Hawley, Affiliate Founding Partner at True Global Ventures 4 Plus
  • The prices of nearly every crypto coin have fallen by more than 50 percent from their all-time highs, with no rapid rebound expected amid the ongoing market crash, he adds

GCC govts lend roof to residents via interest-free loans

The value of home loans granted by the GCC govts to their residents range between $150,000 and $330,000 and are...
  • Many GCC countries provide interest-free home loans to their residents to strengthen their family conditions and provide adequate living space
  • Loans granted by GCC govts to residents range between $150,000 and $330,000 and are repaid through simplified methods and in short payments.

Online platforms help GCC reduce local unemployment

Many Gulf countries have set up electronic platforms to localize government and private sector jobs to reduce the national unemployment...
  • Many Gulf countries have set up electronic platforms to localize govt and private sector jobs to deal with national unemployment.
  • These platforms provide residents with quick and accessible electronic services for applying for government and private sector jobs.

Metaverse can contribute $4bn to UAE economy

The Dubai Metaverse Strategy anticipates that 42,000 jobs will be virtualized through the metaverse by 2030 while also improving resident...
  • The Dubai Metaverse Strategy, which was recently announced, aims to raise the metaverse sector's contribution to the UAE's economy to $4b by 2030
  • Dubai companies like Emirates, Damac and others are already betting big on this world, and many more are expected to join the pack

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...

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UAE emerges as crypto powerhouse amid global shifts

Last year, 67% of UAE's crypto transactions were institutional, valued over $1 million, with decentralized exchanges constituting 48%, outpacing centralized...

Rise in EVs drives Middle East toward greener future

A transformative shift is unfolding in the region as more people transition from gasoline-powered vehicles to electric ones, an in-depth...

Rise in EVs drives Middle East toward greener future

A transformative shift is unfolding in the region as more people transition from gasoline-powered vehicles to electric ones, an in-depth...

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Global economic concerns hit GCC equity performance

Influenced by global inflation concerns and high rates, Gulf markets faced second consecutive monthly dip in September. Only Dubai and...
  • Gulf equity markets experienced a downturn for the second consecutive month in September 2023, reflecting global economic concerns
  • While major indices like the MSCI World Index and the S&P 500 saw declines, only Dubai and Qatari markets managed to post gains

Social aspects of ESG put some firms in a tight spot

While companies are increasing their investments in social initiatives, many grapple with effective execution and evaluation, highlights a new study...
  • While companies are increasing their investments in social initiatives, many grapple with effective execution and evaluation, highlights a new study by Kearney
  • With only a third of companies seeking external insights, there's a clear opportunity for enhanced collaboration and knowledge-sharing, the report points out

Archaeology talks unravel past’s influence on future

Insights from the recently held archaeology summit highlight AlUla's prominence as an archaeological epicenter, helping to bridge historical gaps and...
  • Insights from the recent archaeology summit highlight AlUla's prominence as an archaeological epicenter, helping to bridge historical gaps and deepen understanding
  • Organized by the Royal Commission for AlUla, the event attended by over 300 delegates from 39 countries, tries to look beyond traditional archaeological boundaries