GCC telecom firms turn to Europe, Asia for expansion
Wielding piles of cash and cutting-edge technology, many Arab telecom firms are scouting overseas markets to expand business beyond home...
Business
Saudi Arabia, UAE lead MENA’s smart city development
In 2023, the region advanced in smart city initiatives, with Saudi Arabia and the UAE leading the transformation, with Frost...
Geostrategy
Business
High cost of non-stop flying shakes up aviation
The global aviation industry has been booming for the last few decades now. But the unprecedented growth in jets flying...
- The aviation sector generates 2-3% of global carbon emissions
- Industry leaders pledged to halve net CO2 emissions to 2005 levels by 2050
Analysis
Expo 2020 promises a productive Q4
The sale of tickets, easing of travel restrictions and positive investment projections point to a surge in economic activity in...
- Dubai intends to open its doors to visitors and re-establish 90 percent of its operating capacity at its airports in 2021.
- 66 percent of Dubai business leaders expected an improvement in business conditions in 2021 Q3, compared to 51 percent in the previous quarter.
Economy
Saudi Arabia to create million tourism jobs by 2030
Saudi Arabia has developed cultural, heritage tourism projects in more than 25 tourist destinations and eyes 100 million tourists by...
- Saudi Arabia has developed cultural, heritage tourism projects in more than 25 tourist destinations
- By 2030, the country expects to enhance its airport capacity by 30 percent
Science
GCC looks up to stars with its space probe
The GCC might have been a late entrant to the exclusive club of space programs, but with its deep pockets...
- The GCC governments have built a 21st-century vision of space focused on business, power, image, and control
- Saudi Arabia's space program is the only one that compares in scope and ambition to the UAE
Analysis
Why Covid-19 jolted some Arab states?
The flaws in the health systems of some MENA countries such as Tunisia, Lebanon and Jordan, which were struggling with...
- Tunisia's healthcare system appeared crumbling under the weight of recent infections caused by the Delta variant.
- The Lebanese government's failure to pay dues to be public and private hospitals aggravated the Covid-19 crisis.
Business
Saudi Arabia leads GCC AI healthcare race
Experts predict AI will contribute $320 billion to the Middle East economy by 2030 and virtual care, remote patient monitoring...
- Saudi Arabia is predicted to benefit the most from the shift to AI among the six GCC countries
- AI is expected to contribute $15.7 trillion to the global economy by 2030.
Arts & Culture
Athletes not only win hearts, but a lot of money too
The value of the medals at the Tokyo Olympics has been revised upwards. Now the gold medals fetch US$200,000, the...
- Singapore tops the list of most generous countries with a reward of US$750,000 to the gold medalist
- The Egyptian Olympic Committee has allocated a financial reward of US$64,000 for the gold medal
Arts & Culture
Netflix rules Mideast as rivals eye content share
Arab-based platforms such as Starz Play, Wavo, and OSN have become local competitors to Netflix and gaining the ground fast...
- Saudi Arabia seeks be an essential base for entertainment companies with an attractive investment environment
- The UAE and Saudi Arabia account for almost half of all MENA subscriptions to streaming services
Interview
Digitization key to Tamer Group’s success: Chairman
Tamer Group has achieved significant milestones in B2B to support digital fulfillment and enhance its services, chairman Ayman Tamer tells...
- Mumzworld Acquisition will help the Group improve the B2B services and extend the digital journey to include B2C, says Ayman Tamer
- As a Pearl Initiative partner, Tamer Group says it has adopted the best corporate governance and transparency standards
Analysis
A lot is at stake for poor in Tunisia
The country's economy is witnessing deterioration as sources of income decline, unemployment rises to 18 percent and rising debt necessitates...
- Lifting subsidies is a risky decision that could spark public unrest
- The number of poor and vulnerable people will rise from 16.7 percent to 20 percent
GCC telecom firms turn to Europe, Asia for expansion
Wielding piles of cash and cutting-edge technology, many Arab telecom firms are scouting overseas markets to expand business beyond home...
Business
Company News
Latest News
MENA region trails in global race for gender parity
The Middle East and North Africa region scores only 62.6% in gender parity, and at the current pace, the region...
Economy
Gaming navigates financial woes amid inflation rise
The GCC gaming industry, bolstered by Saudi Arabia's $38 billion investment, is poised for significant growth that may make it...
Business
HNWIs’ wealth in Middle East grows despite slowdown
Despite a global economic slowdown in 2022, high-net-worth individual wealth in the region experienced growth on the back of strong...
Economy
Most Read
Business
Tech-driven sustainability focus of banks
Financial institutions in the Gulf region are also focusing on sustainable practices like renewable energy investments, reducing their carbon footprint,...
- Through digitalization, collaboration with fintech companies, and responsible banking practices, banks are leading the charge in sustainable development in the region, say experts
- Gulf banks are also focusing on sustainable practices like renewable energy investments, reducing their carbon footprint, and supporting sustainable businesses, they add
Geostrategy
Resumption of Saudi-Iran relations: A step towards regional, economic stability or a strategic play?
The peace deal has ignited debates on its potential to transform Middle East from a region hit by conflicts to...
- The bilateral peace agreement has sparked intensified debates about its potential to transform the Middle East from a conflict-ridden region to peaceful and prosperous place
- Despite government-level reconciliation, Saudi-Iran ties face early-stage challenges, including Iranian aggression, and businesses in both countries risk political uncertainties
Geostrategy
Resumption of Saudi-Iran relations: A step towards regional, economic stability or a strategic play?
The bilateral peace agreement has sparked intensified debates about its potential to transform the Middle East from a conflict-ridden region...
- The bilateral peace agreement has sparked intensified debates about its potential to transform the Middle East from a conflict-ridden region to peaceful and prosperous place
- Despite government-level reconciliation, Saudi-Iran ties face early-stage challenges, including Iranian aggression, and businesses in both countries risk political uncertainties