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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.

Oil sees fluctuating prices, shifting output trends

The crude oil market experienced significant volatility in the year 2023, with prices swinging dramatically, influenced by various global factors.

‘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

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

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

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

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

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.

Eid holidays boost Gulf tourism as COVID curbs ease

From overseas to the domestic circuit, the tourism industry in the Gulf Cooperation Council is witnessing a welcome resurgence, especially...
  • Gulf citizens are looking to spend Eid al-Fitr abroad after being compelled to stay home for the past two years
  • This year’s Eid al-Fitr holiday witnessed high occupancy in the UAE hotel sector, driven by strong domestic tourism demand

Should you invest in Metaverse real estate?

The economic opportunities and jobs created by the Metaverse will revolutionize how we work, socialize, play, and earn, says Sebastien...
  • Revenues from the Metaverse are estimated to grow to $800 billion in 2024
  • Metaverse plot prices rose from $100 in January 2021 to $15,000 in December 2021

GCC FMCG market faces headwinds

Certain FMCG companies benefited from the pandemic since people spent more time at home baking and spending time together. As...
  • Rising worldwide raw material and transportation costs have put pressure on FMCG profits
  • The current global issues caused by rising oil prices is also impacting consumers and prices

Abu Dhabi to trade carbon credits like assets

Carbon credits can be traded on legal carbon markets, such as the Emissions Trading System of the European Union. They...
  • Expected to launch in Q3 2022, ACX will be established as a recognized investment exchange regulated by ADGM
  • The GCC's broader plan to achieve net-zero was one of the main factors in establishing a carbon market in Abu Dhabi

Oil sees fluctuating prices, shifting output trends

The crude oil market experienced significant volatility in the year 2023, with prices swinging dramatically, influenced by various global factors.

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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...

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...

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...

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Deals with India add pace to Saudi diversification

Riyadh and New Delhi set a new benchmark in global trade and cooperation with 53 deals across diverse sectors and...
  • Riyadh and New Delhi set a new benchmark in global trade and cooperation with 53 deals across diverse sectors and plans for an economic corridor from India to Europe
  • Trade between Saudi Arabia and India, valued at US$52 billion, and India's rising economic prominence position makes New Delhi a key strategic partner for the Kingdom

Healthcare, F&B and telecom companies spoil GCC stockmarkets’ three-month party

GCC equity markets saw their first decline in three months during August, influenced by global market performance and hawkish Fed...
  • GCC equity markets saw their first decline in three months during August, influenced by global market performance and hawkish Fed policies, says a report
  • Despite some sectors showing gains, the overall trend was downward, with Qatar leading the decline and Dubai emerging as the best performing market

GCC real estate transactions surge on demand increase

GCC real estate hits $90.7 billion in the first half of 2023, a 9.9% year-on-year increase, with Dubai leading the...
  • GCC real estate hits $90.7 billion in the first half of 2023, a 9.9% year-on-year increase, with Dubai leading the market, contributing 54 percent to the total value
  • In the first half of 2023, Saudi Arabia experiences a 32% drop in real estate transactions, as Taiba Investments enjoys a 63.44 percent annual surge in profits