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...
Market Report
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...
Market Report
Economy
Emirate attracts expats and HNWIs alike
World-class infrastructure, successful pandemic response and visa and labor reforms have made the city an ideal destination for expats. Also,...
- The city has established itself as the region's business hub, which creates abundant job opportunities for expats as only one in 23 workers in Dubai is an Emirati national.
- Dubai had 7.28 million visitors last year despite the global pandemic, making it an ideal place to live, work, and visit.
Business
Dubai’s hi-tech vision dazzles investors
Dubai is developing an environment that encourages firms from all industries to innovate. Already, the UAE is home to one-third...
- Dubai is developing an environment that encourages firms from all industries to innovate
- Dubai has been able to leverage its strengths as a world-class city to attract global blockchain entrepreneurs
Business
Dubai: Monaco of the region with a difference
The final quarter of 2021 provided a major boost to Dubai hotel results, with properties surpassing even 2019 figures across...
- Overall, UAE hotels raised $408 million in revenue between December 15 and the end of January 2022, with Expo and the second World's Coolest Winter campaign as key catalysts.
- Dubai has beaten popular holiday destinations such as London, Bali, and Rome to become the most popular destination for 2022.
Business
Creative sector woos global investors to Gulf region
The regional economies in the creative sector are growing at a faster rate than inflation, says Michael Garin, General Director...
- The regional economies in the creative sector are growing at a faster rate than inflation, says Michael Garin, General Director of Abu Dhabi Creative Authority
- However, profound disruption of supply chains and the availability of critical materials in a timely manner remain a crucial challenge for the Gulf countries
Analysis
‘Workplaces must prioritize mental health’
In many industries, working from home is the way of the future and a better working and mental lifestyle, Quartz...
- People tense or stressed at work are more than three times likely to plan to look for a new job
- In contrast, employees who feel supported are more likely to stay, lowering turnover costs
Economy
Oil, stimulus packages revive Arab world’s growth
The growth rate of Arab economies is expected to increase to around five percent in 2022 on the back of...
- The GCC countries' growth rate is expected to hit 5.8 percent in 2022, up from 3.1 percent in 2021
- In 2023, the Arab countries as a group are predicted to develop at a rate of around four percent
Business
Inflation, geopolitics take toll on GCC businesses
Inflation spawns numerous hurdles as GCC business leaders struggle to find a way to surmount the difficulties aggravated by geopolitical...
- Abudawood remarked that the ongoing supply chain issues would definitely impact expenses and consumer pricing
- According to IMF Middle East and Central Asia Director Jihad Azour inflation averaged 14.8 percent in 2021 and is expected to remain at 13.9 percent this year
Analysis
Beauty, fashion brands eye NFT advantage
There is enormous potential for NFTs in the fashion and beauty business, says Louis Chen, EVP and Chief Strategy Officer...
- Brands are using NFTs and blockchain technology to attract, verify, and engage consumers globally
- GCC brands should take advantage of the trend to engage with customers in new, innovative ways
Business
TINDER SWINDLER: When women fight back
Four years after being scammed by a conman, and three months after Netflix made the 'most-watched documentary' out of their...
- The docu-drama highlights the plight of three women who were scammed by a conman posing as a billionaire
- More than 60 percent of victims of romance scams are women, according to the British police reporting center Action Fraud
Business
TOP CEO to discuss post-Covid GCC business scene
CEOs and market veterans from the region will review how the pandemic, which accelerated digital transformation, has given a competitive...
- CEOs and market veterans from the region will review how the pandemic, which accelerated digital transformation, has given a competitive edge to innovative businesses.
- The conference’s mission is to facilitate connections, generate growth opportunities, recognize the GCC's most prominent executives and allow participants to exchange ideas freely.
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...
Market Report
Company News
Latest News
Innovation steers Middle East through tourism swings
Facing tourism seasonality challenges, the region diversifies offerings, enhances infrastructure, and collaborates, for year-round success despite temperature fluctuations.
Economy
Urban developments transform Saudi realty
The exhibition saw the launch of massive real estate ventures, including integrated, modern cities, with a combined investment of around...
Cash transactions dominate Dubai’s property market
This trend, driven by affluent investors and global rate hikes, underscores the city's robust economic allure and the confidence investors...
Business
Most Read
Economy
AI and LLMs poised to transform global job landscape
About 23% of global jobs will transform within five years due to LLMs and AI advancements, according to the World...
- About 23% of global jobs will transform within five years due to LLMs and AI advancements, according to the World Economic Forum's 'Future of Jobs Report 2023'
- Jobs like Credit Authorizers, Management Analysts, and Telemarketers face high automation risks, while Insurance Underwriters and Bioengineers offer brighter future
Business
Global ambitions fuel Qatar’s investment momentum
Qatar Investment Authority, with a diversified $450 billion portfolio across 60 countries, is adeptly poised to tackle global economic hurdles...
- Qatar Investment Authority, with a diversified $450 billion portfolio across 60 countries, is adeptly poised to tackle global economic hurdles and seize expansion prospects
- Qatar's sovereign fund's notable investments include stakes in Volkswagen, SoftBank, RWE, and Paris Saint-Germain as it focuses on venture capital, fintech and sports sectors
Economy
Project reuse helps UAE boost sustainability drive
Amid UAE's urban expansion, there's a wealth of structures across the country ripe for revitalization, significantly offsetting the environmental impact...
- Amid UAE's urban expansion, there's a wealth of structures across the country ripe for revitalization, significantly offsetting the environmental impact of new developments
- With projects like Expo City Dubai is leading the way, the nation's architectural landscape is evolving towards a greener future, says Devmark CEO Sean McCauley