Global HQs help Saudi youth boost skills, get jobs
The presence of multinationals promises a transfer of expertise and skills, enhancing opportunities for Saudi youth and contributing to the...
Economy
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
Economy
Arab nations’ pledge bolsters COP26 message
The UAE, Saudi Arabia, and Egypt have made some strong climate-action pledges at or before COP26.
- The summit may not achieve its target of reducing carbon emissions by 45 percent by 2030
- COP26 wants governments to adopt carbon emission targets through 2030
Analysis
Experts weigh in on Facebook rebranding to Meta
Facebook is currently facing a lot of flak for accusations of bias, and leaked internal documents back them up.
- Facebook has a long history of criticism about users' privacy the content it views
- Today's scandals differ from past instances in the papers leaked from within the corporation
Interview
Despite hurdles, interest in 5G high in MENA
As GCC shifts away from dependence on oil and gas revenues, 5G is set to fuel tech growth and ease...
- 5G subscriptions in the MENA have exceeded 1 million at the end of 2020
- The deployment of a 5G network faces several challenges
Investigation
Iran intensifies cyber espionage in Middle East
Cyberattacks by Iranian spies have become more sophisticated and have intensified against Arab countries, say industry experts.
- Iranian espionage targeted aerospace and telecommunications companies in the Middle East, the US, Russia, and Europe
- Cybereason identified 10 companies impacted during their three-month investigation
Economy
Strong ties help UAE-China trade surge
According to the Chinese statistics, there are over 4,000 Chinese-funded enterprises in the UAE. In 2020, the bilateral trade reached...
- The UAE is an important part of China's Belt and Road initiative with the Chinese Foreign Minister Wang Yi referring to the gulf country as a "shining pearl."
- The China-UAE Industrial Capacity Cooperation Demonstration Zone is a major cooperation project to translate the vision of the leaders of the two countries into action
Interview
Sharjah Sustainable City builds on green concept
The project, which covers 7.2 million square feet of land in Al Rahmaniyah area, builds on the concept of future...
- The project extends over an area of 7.2 million square feet of land in the Al Rahmaniyah area of Sharjah, supporting the urban development of the Emirate
- The city is designed to cover all three elements of sustainability - social, economic, and environmental
Economy
Saudi Arabia leads GCC in inflation control
The Kingdom has implemented measures and worked on significant improvements as part of its Vision 2030 to diversify sources of...
- Concerns about the high inflation rates abound in the Gulf countries as governments spend more to help families
- Inflation is expected to stabilize in Saudi Arabia due to spending rationalization policies
Arts & Culture
Qiddiya: Saudi Arabia’s Disneyland
The destination will include a Formula 1 racing trajectory, a Six Flags Theme Park, a water park and sporting venues...
- The destination will include a Formula 1 racing trajectory, a Six Flags Theme Park, sporting venues, and a large selection of cultural, creative, and artistic activities
- The entertainment city is expected to attract 17 million visitors in the entertainment sector, 12 million in the shopping sector, and 2 million in the hospitality sector by 2030
Economy
GCC: Covid ushering in a cash-free future
About 61% of the UAE consumers are opting for cards or digital wallets instead of paying in cash, a joint...
- About 61% of the UAE consumers are opting for cards or digital wallets instead of paying in cash, a joint study by Dubai Economy and Visa has pointed out.
- Another study by McKinsey found that digital point-of-sale transactions in Saudi Arabia doubled in the year leading up to January 2021
Business
Augmented reality transforms fashion retail
Customers can try on and buy entire collections of eyeglasses, lipstick, nail color, jewelry, and even garments by using augmented...
- Customers can try on and buy entire collections of eyeglasses, lipstick, eye shadow, nail color, jewelry, and even garments by using AR and VR applications
- All of this is enabled due to significant advances in facial recognition, feature tracking, and computer vision
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Global HQs help Saudi youth boost skills, get jobs
The presence of multinationals promises a transfer of expertise and skills, enhancing opportunities for Saudi youth and contributing to the...
Economy
Company News
Latest News
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...
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...
Business
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...
Business
Most Read
Economy
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
Geostrategy
Eastward shift: GCC builds strategic ties with ASEAN
Trade between GCC and ASEAN doubles, marking a new economic collaboration era as Saudi Arabia, Qatar, Oman, and UAE enhance...
- Trade between GCC and ASEAN doubles, marking a new economic collaboration era as Saudi Arabia, Qatar, Oman, and UAE enhance ties by signing Treaty of Amity and Cooperation
- The UAE dominates Gulf investments in ASEAN with 74% share from 2016 to 2021 as recent free trade agreements with Indonesia and Singapore indicate expanding GCC-ASEAN ties
Business
Flying taxis: Saudi Arabia stares at sustainable skies
NEOM, the Kingdom's futuristic city, hosts Volocopter's pioneering eVTOL aircraft test flights, marking a substantial stride towards sustainable, smart mobility.
- NEOM, the Kingdom's futuristic city, hosts Volocopter's pioneering eVTOL aircraft test flights, marking a substantial stride towards sustainable, smart mobility
- 'Taxi ports', air traffic systems, private sector participation, and new regulations are crucial to futuristic transportation to ensure safety and efficiency in mobility