Saudi startups soar amid surge in venture investments
Saudi Arabia, which secured over 50 percent of MENA's total venture investments in 2023, strategically focuses on financial technology to...
Economy
Arab region faces soaring youth unemployment crisis
The region, with the world's highest youth unemployment rate, requires the creation of 33.3 million jobs by 2030 to accommodate...
Economy
Economy
Gulf watch: Sectors that will grow most in 2022
The business environment in the region will experience a transformation that will have a far-reaching impact on economic trends and...
- The GCC’s non-oil sectors will continue to dominate the economy, creating future opportunities
- The region’s economy may benefit greatly from ecommerce, logistics, and delivery services
Analysis
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
Business
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
Business
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
Interview
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
Business
‘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
Business
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
Interview
‘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
Interview
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
Economy
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
Saudi startups soar amid surge in venture investments
Saudi Arabia, which secured over 50 percent of MENA's total venture investments in 2023, strategically focuses on financial technology to...
Economy
Company News
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Oil price, COVID-19 spur Arab world’s public finance
Central banks are prioritizing fiscal and monetary policy coordination to boost macroeconomic stability, cut inflationary pressures, and support long-term growth.
Economy
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...
Economy
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...
Economy
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Economy
Global inflationary waves may hit Arab world’s growth
Rising rates and global slowdown pose challenges for economic growth and investment in Arab countries, which expect to expand at...
- Rising rates and global slowdown pose challenges for economic growth and investment in Arab countries, which expect to expand at 3.4% in 2023, down from 5.6% in 2022
- Diversified Arab economies are better equipped against economic shocks, says Arab Monetary Fund, adding that the regional inflation may hover around 6.8% for 2023
Business
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
Business
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