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
GCC forges ahead in sustainable tech initiatives
In 2023, the Gulf countries made a strong push towards renewable energy and pioneering green hydrogen projects, signaling a significant...
Business
Interview
Saudi realty players bet big on an auction site
Property owners list their property on Mazad Aqari and the platform does the rest in terms of evaluating the property,...
- Property owners can list their property on Mazad Aqari and the platform will do the rest in terms of evaluating the property, marketing, sales, and closing the deal
- Saudi Arabia's real estate sector, according to Statista, is expected to reach US$150 billion by 2026 at a CAGR of 12 percent
Research
Robotics set to alter job markets in Gulf region
There will be ample job opportunities in artificial intelligence, robotics, automation, advanced manufacturing, virtual reality, augmented reality and big data...
- There will be ample job opportunities in artificial intelligence, robotics, automation, advanced manufacturing, virtual reality, augmented reality, and big data
- Administrative and secretarial jobs, data entry, accounting, accounting records management and payroll services will become extinct, says a World Economic Forum report
Investigation
Qatar tops GCC region in food security
The country's National Food Security Strategy 2018-2023 is geared to increase the strategic stock of food commodities to ensure food...
- In terms of food security indicators, the country ranks first in the Arab world and 13th globally, according to the December 2019 World Food Security Index
- Qatar’s "National Food Security Strategy 2018-2023 is geared to achieve local food security and increasing the strategistock of food commodities
Economy
Banking on apps for personal finance
People in the Middle Eastern countries are increasingly relying on apps to manage their money, streamline expenses and other banking...
- TRENDS presents a list of apps that can be used to manage personal finances in UAE and elsewhere in the region, as well as those that can be used anywhere
- Middle East has one of the highest percentages of smartphone penetration in the world
Business
Arab influencers use Instagram for global branding
As the 'influencers' phenomenon gets popular on social media, many of them in the Arab world have ridden the Instagram...
- Instagram is currently one of the most powerful channels for brands and SMBs
- In the post-pandemic era, brands can be developed and sustained without physical stores
Economy
Digital upskilling key to MENA economic revival
About 70% CEOs in the Middle East believe that lack of digital skills is a threat to their businesses, a...
- An independent survey of Middle East CEOs conducted by Price Waterhouse Coopers in 2020 revealed that 70 percent believe that a lack of digital skills is a threat to their business
- A recent report by Korn Ferry, the US management consulting firm, predicts a global talent shortage of more than 85.2 million people by 2030
Interview
Expo 2020: Accenture enables ideal visitor interface
Accenture created integrated intelligent systems for Expo teams, nations, vendors and supplier, says Angelo Lorusso, the company's MD and Client...
- Accenture delivers an integrated solution at Expo 2020 Dubai right from designing, implementing, and running the platforms that power hyper-personalized guest experience
- Accenture supports Expo Live – an innovation and partnership program by teaming up with Smart Labour, a UAE-based Expo Live grantee helping blue-collar workers gain new skills
Arts & Culture
NFTs take Mideast art world by storm
An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought...
- An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online
- They include data about the artwork or item, such as the artist's name, the date it was sold, and the buyer's identity
Expo 2020 DUBAI
Inside Saudi Arabia’s ‘window to the world’
The memorable landmark was conceived as a minimalistic prism that rises from the ground towards the sky, symbolizing Saudi Arabia's...
- The memorable landmark was conceived as a minimalistic prism that rises from the ground towards the sky, symbolizing Saudi Arabia's unlimited ambitions
- Visitors can also explore a giant digital kaleidoscope and an interactive digital floor at the exhibition's highlight in the 'Vision' space
Interview
Arab world warming up to data analytics: Expert
Data analysts are already helping businesses set marketing strategies, explains Jadd Elliot Dib, founder and CEO of Pangaea X.
- Through data analytics, SMEs can get a better understanding of their customers behavior
- Big Data has the ability to positively impact all industries in the region by creating new revenue streams
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
Company News
Latest News
Travel companies give wings to Saudi tourism aspirations
Fueling this ambition is an intricate web of travel companies, including tour operators, airlines, accommodation providers, cruise lines, and destination...
Economy
GCC project awards surge by 86% to $49.7bn in Q2
The highest quarterly project awards value in over five years showcases the region's determination for diversification, and reflects the strength...
Business
Trade hits new high as GCC-Japan ties get warmer
Japan's exports to the Gulf countries include automobiles, machinery, iron and steel, electrical machinery, rubber, textiles, visual goods, and foodstuffs.
Economy
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Business
Rise in foreign sukuk offset by local currency decline
Saudi Arabia's reduced banking liquidity and lower oil prices have led to a decline in local currency sukuk, but a...
- Saudi Arabia's reduced banking liquidity and lower oil prices have led to a decline in local currency sukuk, but a surge in foreign currency issuances, says a report
- A new report by S&P Global Ratings indicates mixed activity levels, suggesting the need for harmonization of Sharia standards to attract non-core jurisdictions
Economy
Will extended oil production cuts stunt Saudi growth?
The decision to prolong oil output cuts may herald a significant reversal for the Kingdom's fast-growing economy as oil remain...
- The decision to prolong oil output cuts may herald a significant reversal for the Kingdom's fast-growing economy as oil remain a key source for its revenue, say experts
- Amidst varying projections, the overall concern is clear: the extended cuts could strain the economy and may even lead to contraction if the trend continues into 2024
Economy
E-visas to drive tourism’s GDP share to 10%
Saudi Arabia is leveraging digital solutions to streamline travel, link tourists with local enterprises through apps, and enhance experiences via...
- The move has simplified and streamlined the processes for obtaining a tourist visa, making it easier for visitors to travel to the Kingdom
- Tourists can apply for the 90-day e-visa through an online portal which is an easy, accessible process with quick visa turnaround times