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
Economy
Services assist Saudi economy recover, diversify fast
The Kingdom's service sector is expected to grow rapidly once the major Vision 2030 tourism and entertainment projects - Qiddiya,...
- The sector is expected to grow rapidly once the major tourism and entertainment projects are completed
- The Saudi service sector is one of the most labor-intensive industries, so its development helps tide over the unemployment
Economy
Halal tourism eyes recovery as COVID-19 norms ease
The recovery process of the sector remains fragile and could be disrupted by the ongoing war in Ukraine, fuel price...
- The recovery process of the sector may get disrupted by the ongoing Ukraine war, fuel price rise, and other potential health threats, say experts.
- The pre-pandemic projection of 230 million arrivals by 2026 will now be reached in 2028 with an estimated expenditure of USD$225 billion, they add.
Business
GCC eyes unified payment system to strengthen banks
Aiming to strengthen the financial sector and achieve economic unity by 2025, the regional governments are working on an agreement...
- The Unified Payment System Agreement is part of the GCC's commitment to boost the region's financial markets
- The participation of the GCC countries in the unified payment system is optional and also based on their readiness
Business
Discoveries give Saudi geotourism an edge in region
Aside from fossil discoveries, one of the unique geological phenomena discovered in Saudi Arabia is basalt columns. These one-of-a-kind columns...
- On 1 June 2022, the Saudi Geological Survey and the Red Sea Development Company (TRSDC) announced the discovery of 80-million-year-old fossil sites along the Red Sea coast.
- Saudi distinguished by its exceptional geological diversity that serve as tourism attractions, says Dr. Muhammad Yusuf Ali, professor of geology at King Saud University.
Business
Cloud migration: A distant dream in Middle East
Security and lack of IT skills have cast a shadow over the pursuit of digital transformation in the Middle East,...
- The lack of awareness around IT security, access control, and compliance is a challenge for organizations looking to migrate to the cloud
- Connectivity is another issue hindering the migration and one quite specific to the region
Business
More sectors adapt to crypto payments in the UAE
As the number of people in UAE who deal in cryptocurrency rises, sectors like real estate, hospitality and travel have...
- As the number of people in UAE who trade in cryptocurrency rises, several sectors including real estate, hospitality and travel have started accepting cryptocurrencies for payments
- In the UAE, over 54 percent of 18-35-year-old consumers either hold or plan to have crypto assets in the next 12 months
Business
More MENA businesses now swipe virtual credit cards
Local lenders are offering more services online to cater to a young, tech-savvy consumer base, speeding up the transition of...
- The region's digital payments business has been booming as local lenders move more services online to serve tech-savvy youthful consumers
- MENA's high concentration of fintech and digital payments technology has increased the use of virtual cards
Science
UAE blazes a trail with AI, leads Europe and MENA
The Gulf country leads EMEA in the leverage of data, data science, and AI for the purposes of decision making...
- The UAE has established itself as a world leader in AI, having been the first nation to appoint a minister of state for AI
- Data science and AI are advancing, yet managers and non-managers in the UAE have different perceptions about data utility and AI's role
Business
Air bridge set to help airlines fly Fifa fans to Qatar
Many GCC airlines have teamed up to create an air bridge to fly the fans to watch World Cup games...
- Various airlines from Qatar, Kuwait, Saudi Arabia, Oman, and Dubai announced the establishment of a daily air bridge between Doha and the GCC countries during the World Cup
- The World Cup will draw a massive crowd with the International Football Association stating that it had received more than 23.5 million requests to purchase tickets
Business
UAE, Saudi Arabia set new halal economy goals for GCC
Beside halal food business, Islamic banking holds the largest share of the Sharia-compliant industry, says Nik Joharris Nik Ahmad, country...
- The expansion of the global halal industry has resulted in a steady increase in its market size from $3.2 trillion in 2014 to $5.6 trillion in 2021
- Stringent regulatory norms, including mandatory halal labeling and certification rules for food and beverages, are propelling the market growth
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
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
Energy, commodity prices hurt profits of GCC firms
Market Report
Latest News
Cinematic revolution helps KSA realize cultural dreams
Arts & Culture
Vision 2040: Saudi Arabia’s new economic blueprint
Saudi Crown Prince Mohammed bin Salman recently unveiled glimpses of the audacious Vision 2040 that will focus on green hydrogen,...
Economy
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,...
Economy
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...
Business
Most Read
Business
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...
- A transformative shift is unfolding in the region as more people transition from gasoline-powered vehicles to electric ones, an in-depth TRENDS report reveals.
- With global EV sales hitting significant milestones and the UAE setting ambitious green targets, the future of transportation is looking increasingly electric
Market Report
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
Market Report
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