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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Kuwait leads GCC market gains amid regional tensions

Despite challenges from regional tensions and fluctuating oil prices, sectors like F&B and pharma see notable increases, showcasing the diverse...

UAE, KSA lead as tech and energy drive IPOs in GCC

The 2024 outlook for GCC IPO markets shows strong potential with diversified sector participation, bolstered by government support for both...

GCC investors turn to realty to hedge against inflation

The real estate sector in the Gulf region is set to accelerate in the second half of the year as...
  • The real estate sector in the region is set to accelerate in the second half of the year as regulations effectively mitigate the market cycle swings, especially during inflation
  • Local real estate prices will be less high for foreign investors than other global markets as local inflation rates are significantly lower than the rest of the world, say experts

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.

Kuwait leads GCC market gains amid regional tensions

Despite challenges from regional tensions and fluctuating oil prices, sectors like F&B and pharma see notable increases, showcasing the diverse...

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World Bank expects Gulf economies to grow by 1 percent in 2023

Dubai, UAE -- The economies of Gulf Cooperation Council (GCC) countries are expected to grow by 1 percent in 2023,...

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...

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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

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