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Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

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.

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...

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

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

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

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

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.

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

Saudi festivals celebrate cultural blooming

As Saudi Arabia opens up on the culture front, tourism gets a leg-up in a boost for Vision 2030.
  • Saudi Arabia is witnessing a huge tourist boom, reflecting the government's interest in the sector
  • STA collaborates with the Saudi tourist sector to develop one million jobs and 100 million annual visits by 2030

Saudi Arabia to dominate regional ecommerce

Factors ranging from internet penetration to smartphone ownership to bank-account holdings, and more are coming together to make Saudi Arabia...
  • The GCC will have the fastest ecommerce growth in the MEASA region between 2019 and 2022
  • Ecommerce will help Saudi’s economic growth, with the domestic online market expected to reach $2 billion by 2025

Saudi Arabia looks to lead solar-cell industry

Demand for PV technology will increase in 2022, says Fahad Bin Omairah, CEO of Bin Omairah Holding Company.
  • Masdar is a state-of-the-art PV solar panels factory with a total capacity of 1.2 GW and a SAR700 million investment
  • Solar panel systems are now priced $1-1.5 per watt

Consumer ‘experience’ reshapes retail in the Gulf

Companies are increasingly focusing on health and wellness in products and services, says Mohammad A Baker, Deputy Chairman and CEO...
  • People, communities, and governments are working to attain personal sustainability goals driving the retail sector
  • GCC governments have established several measures targeted at raising awareness of healthy lifestyles

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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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...

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...

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...

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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.

Dubai leads as GCC real estate transactions soar in H1

Gulf real estate hit $90.7 billion in the first half of 2023, a 9.9% rise y-o-y, as Dubai led the...
  • Gulf real estate hit $90.7 billion in the first half of 2023, a 9.9% rise y-o-y, as Dubai leads the market with a 57 percent increase, fueled by demand for luxury properties
  • Residential prices in Dubai surge 11.7% in the Q2 of 2023, while Abu Dhabi's growth stays muted. Dubai's rents jump 32.6% y-o-y, while other markets see slight rise

Saudi Arabia turns to maritime to diversify revenues

Saudi Aramco's King Salman Complex, set to be the largest marine industry hub in the Middle East, is expected to...
  • Saudi Aramco's King Salman Complex, set to be the largest marine industry hub in the Middle East, is expected to boost Saudi Arabia's GDP by over $17 billion
  • The complex aims to localize technologies and meet the needs for building offshore oil and gas rigs, offshore platforms, offshore support vessels, and crude tankers