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DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

ADNEC to acquire ‘Royal Catering’

Royal Catering has more than 2.500 employees.

PIF sets up sarcc company

The new entity will address growing staff accommodation demand.

Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.

AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.

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...

GCC telecom firms turn to Europe, Asia for expansion

Wielding piles of cash and cutting-edge technology, many Arab telecom firms are scouting overseas markets to expand business beyond home...

Saudi Arabia could be a regional mining center

The expert opinion comes as Riyadh hosts the International Mining Conference, the largest of its kind in the Middle East...
  • Saudi Arabia serves as a platform for global dialogue on mining prospects
  • A dozen Saudi government entities will present investment prospects via an integrated platform

Tik Tok likely to help regional businesses this year

Powered by a highly personalized content recommendation system TikTok can help brands connect with a qualified, engaged audience, the Talkwalker...
  • Powered by a highly personalized content recommendation system TikTok can help brands connect with a qualified, engaged audience, the Talkwalker and Hubspot research says.
  • In 2022, posting and sharing videos will be fundamental for any marketing campaign that wants to succeed, the research adds

UAE tops list of safest travel destinations in 2022

After the progress and setbacks to travel and tourism in 2021, enthusiasts are looking to make the best of 2022.
  • Travelers will seek for destinations that prioritize safety again in 2022
  • The UAE is only a few countries to receive first-class travel advisories

Major GCC countries see push for Arabic e-gaming

People are hungry to consume content that they can understand and more importantly relate to, says Eyad Basheer, chief operating...
  • Around 70 percent of Arab smartphone users have their phones set to Arabic, indicating a preference for content in their mother tongue
  • According to management consultancy firm Strategy&, mobile gaming will be a $2.3-billion industry in the region by 2022

‘Social media key to brand identity in 2022’

Changes in digital marketing have forced the hand of digital marketers in a do-or-die way, says Farhad Divecha, founder and...
  • Changes in digital marketing have forced the hand of digital marketers in a do-or-die way, says Farhad Divecha, founder and MD of AccuraCast, a UK leading digital marketing agency
  • Social media sites, according to Divecha, are where consumers turn to when they want to find out about or engage with a brand, So having that presence is as important

What cyberthreats can Middle East expect in 2022?

Cyberattacks in the Middle East hit record levels in 2021. Reports suggest that malware, distributed denial of service (DDOS) attacks,...
  • Malware, DDOS attacks, ransomware, grew by double digits in 2021
  • Vulnerabilities in network devices and 5G, and advanced ransomware attacks will be major concerns

‘Challenging year ahead for logistics industry’

Companies have used innovative methods to keep their operations running while overcoming numerous challenges linked to Covid-19 pandemic. However, the...
  • The limited capacity and high freight rates will remain until global vaccine campaigns gather traction
  • Logistic companies who fail to recognize necessity of digital adoption will be left behind

NASA Arab scientist pleas for unity in space

Exploring space is no longer a luxury, it is humanity's future, says Tunisian astrophysicist and Nasa scientist Nour Raouafi
  • Exploring space is no longer a luxury, it is humanity's future, says Tunisian astrophysicist Nour Raouafi
  • Arab countries should work together to face major challenges in space science, highlights the Nasa scientist

Cryptocurrency’s volatility may ease this year

Experts believe that 2022 will be a milestone year for bitcoin, with the ups outweighing the downs. Cryptos may suffer...
  • Some experts believe that improved use and legality of cryptocurrencies will help reduce the wild swings in their prices
  • The Dubai World Trade Center has announced it would become a specialized area in encrypted assets, including digital assets

Major M&A deals in the UAE in 2021

M&As result in savings in manufacturing and service, increased competitiveness, and increased financial capabilities and efficiency, among other things.
  • Agreements worth $11 billion were signed in the UAE in the first eight months of 2021
  • M&A are considered a means of resolving crises and encouraging economic growth

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...

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ESG shapes MENA region’s urban regeneration strategy

ESG principles offer a solution framework as the region faces urbanization challenges, including unplanned settlements in cities like Cairo and...

UAE takes lead in advancing global climate action

Through the COP28 Summit, the UAE aims to facilitate discussions, build consensus, and catalyze transformative actions to address the escalating...

GCC deals with rice shortage amid Russia-Ukraine war

The Russian-Ukrainian war heightens global food crisis fears as India, followed by the UAE and Russia, sequentially impose rice export...

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Saudi real estate gets non-oil boost

The Saudi commercial real estate market is set for a significant upswing in 2023, propelled by the government's vision to...
  • With the office market seen as the most lucrative and the luxury retail sector witnessing a surge, the Kingdom's real estate landscape is undergoing a transformative phase
  • The Saudi commercial real estate market is on the brink of a significant expansion in 2023, driven by the government's economic diversification efforts, suggest reports

GCC eyes global recycling dominance amidst EV boom

While rising EV demand may cause a global shortage of metals like cobalt and lithium by 2030, the Gulf region's...
  • While rising EV demand may cause a global shortage of metals like cobalt and lithium by 2030, the Gulf region's vast resources position it as a potential recycling leader
  • Battery recycling in resource-rich Gulf countries could ease global mineral supply pressures. However, the long lifespan of batteries currently limits available recycling material

Oil prices fluid amid geopolitics, economic recovery

Geopolitical tensions, such as the Russian-Ukrainian war and the trade war between the United States and China, have sent shockwaves...
  • Geopolitical tensions, such as the Russian-Ukrainian war and the trade war between the United States and China, have sent shockwaves through the oil market, says an expert
  • OPEC's decisions to extend oil production cuts have stabilized markets, but challenges from non-OPEC+ producers and the global economic outlook continue to impact oil prices.