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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.

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.

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.

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

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

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

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

Curbs, vaccination drive help GCC minimize COVID-19 impact

Strict restrictions and intensive vaccination drive help the region deal with the pandemic Massive drop in global oil demand and...

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...

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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,...

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...

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...

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Saudi healthcare needs 175,000 professionals by 2030

The Kingdom is modernizing healthcare with national e-health initiatives, integrated plans for virtual and remote healthcare, and the implementation of...
  • The Kingdom is modernizing healthcare with national e-health initiatives, integrated plans for virtual and remote healthcare, and implementation of AI at service provider levels
  • The Saudi government is also investing in training and recruiting healthcare professionals, encouraging Saudi students to pursue medical and healthcare-related education

Gulf telecom shows robust growth, eyes new avenues

Driven by expats and national development programs, the UAE and Saudi Arabia are expected to experience growth in consumer and...
  • Driven by expats and national development programs, the UAE and Saudi Arabia are expected to experience growth in consumer and enterprise segments, say experts
  • Telecom operators in the region are diversifying into fintech, gaming, healthcare, cybersecurity, cloud, IoT, and emerging tech, driving digital transformations across sectors

Diversification, global investment key to UAE’s growth

The Gulf nation is strategically establishing comprehensive economic partnerships with various countries in bid to diversify its economy and encourage...
  • The Gulf nation is strategically establishing comprehensive economic partnerships with various countries in bid to diversify its economy and encourage global investments
  • As of June 2023, the UAE has entered into five such agreements, notably with Israel, India, Indonesia, Turkey, and Cambodia, with plans to sign three more in the first phase