Crypto market sees drop in scams, stolen funds
The cryptocurrency sector recorded a promising recovery in 2023, with a significant decline in crypto scams and stolen funds revenue,...
Business
PIF’s diverse investments transform Saudi economy
From sports and gaming to pharmaceuticals and aviation, the Saudi Public Investment Fund's strategic initiatives are shaping a dynamic future...
Business
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
Business
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
Economy
Saudi Arabia, UAE eye strong growth amidst challenges
London-based think-tank Cebr predicts the economic future of countries across the world and the outlook remains rosy for the Gulf...
- Saudi Arabia will jump from t19th to 17th in the World Economic League Table by 2021
- The UAE is expected to move up in the table from 34th in 2021 to 33rd in 2036
Business
Ecommerce changes GCC buyers, sellers forever
As ecommerce expands, companies are becoming more aware of the region's shifting consumer behavior and needs, say experts.
- Retailers in the region are becoming more aware of the necessity to create ‘brand.com’ sites
- AR and AI will become more commonly used to improve the consumer experience
Science
2021: UAE enters Mars orbit on first try
On February 9, the UAE announced that its exploratory probe, ‘Hope’ had successfully entered Mars' orbit, marking it the first...
- On February 9, the UAE announced that its exploratory probe, ‘Hope’ had successfully entered Mars' orbit, marking it the first Arab expedition to the Red Planet
- The UAE became the fifth country to launch a Mars mission successfully and the third to enter Mars orbit on the first try
Economy
Saudi economy set to be buoyant in 2022
The country is aiming for a budget surplus for the first time in eight years amidst increasing oil prices and...
- Jadwa Investment Company and Al-Rajhi Capital expects value-added tax unlikely to change.
- Beltone expects that inflation would remain around 2 percent, affected by global inflationary pressures.
Interview
Breathable sand could disrupt UAE agri-sector
The technology could help the UAE grow more crops within its boundaries, ensuring food security, says Dake Rechsand CEO and...
- The UAE is 80 percent desert, with less than 1 percent agricultural land
- Systemic, climatic, and geographic concerns threaten food and water security in the country
Crypto market sees drop in scams, stolen funds
The cryptocurrency sector recorded a promising recovery in 2023, with a significant decline in crypto scams and stolen funds revenue,...
Business
Company News
Latest News
Business travel in MEA likely to bounce back by 2024
Business travel spending hit $23bn in 2022, nearing pre-pandemic levels as post-pandemic business trips get longer, supported by UAE's digital...
Business
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
Most Read
Economy
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...
- The Russian-Ukrainian war heightens global food crisis fears as India, followed by the UAE and Russia, sequentially impose rice export bans, disrupting global supply chains
- Saudi Arabia experiences an increase in rice consumption, overtaking wheat, while experts emphasize the potential for local rice cultivation in the country.
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