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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.

GCC at the forefront of 2024 sukuk market expansion

This year, emerging markets, led by the UAE, issued record bonds against declining yields and expected rate cuts by major...

Epstein case: Social media frenzy over released papers

The release of Epstein-related court documents has ignited a social media frenzy, sparking intense scrutiny and various reactions about high-profile...

VR technology gives Arab world an edge in learning

Virtual reality experiences teach participants a lot about themselves in a concise time frame. It is preceded and followed by...
  • Virtual reality tools add a new dimension to the classroom -- both virtually and physically -- enhancing all aspects of the educational process, says Ithai Stern of INSEAD
  • Learners who undergo inclusive leadership training via virtual reality feel more connected to the material and are more focused, says a Price Waterhouse Coopers study

GCC airfares soar as oil prices rise

The amplifying factors include sanctions against Russia’s aviation sector, which cast a global pall over the aviation industry.
  • Several Arab airlines have decided to raise the prices of their tickets slightly
  • Kuwait’s Jazeera Airways increased fares to all destinations from March 7

Too early to dismiss oil’s role in energy market

Saudi Arabia, the world's second-largest oil producer that produced more than 10 million barrels of crude per day before the...
  • Saudi Arabia, the world's second-largest oil producer, plans to produce 13.5 million barrels by 2027, as well as 23 billion cubic feet of gas by 2030
  • Despite its national policy to diversify the economy and lessen reliance on fuel, the Kingdom continues to increase its oil and natural gas production

MENA businesses are battling social media scams

Saeed Ahmad, Callsign’s Managing Director for the MENA region, explains how a single fraudulent message impersonating an entity can erode...
  • Scams have targeted 66 percent of people in the UAE in recent years, and the phenomenon is spreading
  • Around 50 percent of the region’s consumers lose faith in an organization whose name appears in a scam message

Gulf fitness sector works out well as Covid curbs ease

As the Covid restrictions ease, gyms and fitness centers in the region are on a solid path towards recovery with...
  • As pandemic restrictions ease, gyms in the region are on a solid path towards recovery with class occupancy catching up at 88 percent pre-COVID levels
  • Fear of getting the virus and social isolation were at the forefront of people's minds during the pandemic, imposing a burden on mental health

How did Saudi Arabia ensure food security?

The country has been able to overcome the hurdles that stood in the way of achieving food security by implementing...
  • Saudi Arabia has enhanced its food security by adopting several strategies to ensure an excess of food supply
  • It now has the largest storage capacity for wheat and flour in the Middle East, exceeding 3.3 million tons

Saudi fintech cashes in on startups, investments

Saudi Arabia witnesses a 37 percent rise in the number of fintech startups and a $181 million increase in venture...
  • Saudi Arabia witnesses a 37 percent increase in the number of fintech startups entering the market
  • Saudi fintech sector is mostly driven by young entrepreneurs who compete with the country's top financial institutions

Dubai leads region in innovation, fintech

The emirate, which boasts a thriving community of startup incubators and accelerators, tops the list for foreign direct investment and...
  • Dubai is developing an environment that encourages firms from all industries to innovate.
  • The city has been able to leverage its strengths as a world-class city to attract global blockchain entrepreneurs.

Is Gulf luxury sector immune from inflation?

However, just because there is inflation doesn't mean that people aren't spending, but they are spending differently. The that sales...
  • The luxury industry in the GCC, is experiencing strong growth and closed 2021 above pre-pandemic levels
  • Changes in tourism flows significantly impacted the luxury market in 2020 and the first few months of 2021

Technology makes Saudi farms more sustainable

The Kingdom's startup Red Sea Farms woos regional and global investors with a technology that grows crops without using freshwater...
  • The Kingdom's Red Sea Farms woos regional and global investors with a technology that grows crops without using freshwater in humidity-controlled greenhouses
  • The firm seeks to break the food water-energy nexus by leveraging saltwater, novel humidity control, and solar energy to lower costs and improve yields for farmers

GCC at the forefront of 2024 sukuk market expansion

This year, emerging markets, led by the UAE, issued record bonds against declining yields and expected rate cuts by major...

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Expansion may offer limited economic boost to BRICS

The anticipated inclusion of six nations into BRICS, including Saudi Arabia and UAE, is expected to ease tensions among them,...

Smart factories transform manufacturing across GCC

Saudi Arabia and UAE lead the region in rapidly embracing the Fourth Industrial Revolution, shifting from traditional factories to smart...

Gulf banking sector flourishes amidst rising rates

GCC banks experienced robust lending growth during Q2-2023, despite multi-decade high rates from US hikes, with loans from GCC-listed banks...

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Dubai’s realty builds on innovation and sustainability

Dubai's skyline epitomizes modern development, with its appeal bolstered by strong property management and developers capitalizing on increasing sales.
  • Dubai's skyline epitomizes modern development, with its appeal bolstered by strong property management and developers capitalizing on increasing sales
  • COVID-19 and innovations have transformed property management, with a surge in demand for larger apartments and villas, says Deyaar Development's VP

GCC asset management market $500bn by 2026

Strong capital inflows, a young and growing population and growing awareness about asset management will drive the sector's growth in...
  • The rise of a middle class is increasing the demand for investment products and services.
  • Strategy& Middle East estimates that currently more than 70 percent of regional private wealth is in offshore accounts.

GCC shows economic resilience as inflation hits globe

GCC countries consistently maintain inflation rates below the global average, with the Food and Beverages CPI subcategory showing moderate growth...
  • GCC countries consistently maintain inflation rates below the global average, with the Food and Beverages CPI subcategory showing moderate growth across the region
  • Saudi Arabia's CPI is being driven by housing and food, the UAE experiences a sharp CPI drop due to transport costs, while Qatar sees its lowest inflation since July 2021