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TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

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...

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

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

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

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

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

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

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

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

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

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

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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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.

$1.3trn mineral reserves shift Saudi focus to mining

The Kingdom, leveraging its significant copper reserves across the nation, seeks to address the global shortage, particularly crucial amid the...

Arab SWFs accelerate dealmaking amid scarce funding

Joint investments by sovereign funds hit a record $17.2 billion in H1 this year as Gulf states fund global equity...

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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...
  • The Kingdom, aiming to draw 100 million yearly visitors by 2030, is planning to invest over US$1 trillion in tourism over the next decade
  • Travel companies play a key role in promoting Saudi tourism, developing packages, and collaborating with public sector entities

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...
  • The highest quarterly project awards value in over five years showcases the region's determination for diversification, and reflects the strength of GCC economies
  • Saudi Arabia leads as GCC's largest projects market, while the UAE experiences a 127 percent surge, reaching US$12.2bn in the second quarter of 2023

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.
  • In 2020, Gulf countries' imports from Japan were estimated to be around $17.3 billion, down from $24.3 billion in 2018
  • Japan's exports to the Gulf countries include automobiles, machinery, iron and steel, electrical machinery, rubber, textiles, visual goods, and foodstuffs