GCC a key player in global freight and logistics industry, says Trukkin’s Dalmia
The region leverages a strategic major hub, advanced infrastructure, and economic diversification to fuel logistics demand, says Janardan Dalmia, Founder...
Interview
Israel army pulls out of Lebanon border villages, holds five positions: source
Israel's army has pulled out of southern Lebanese villages but remains in five positions as a deadline for the withdrawal...
Is AI front and center in the future of Aviation?
AI will play a key role in aviation but aircraft manufacturing troubles are casting darker shadows over profitability post-COVID-19. The...
- AI can involve itself in modeling new airplane designs against different operational scenarios
- Travel recovery is well established after COVID, but there’s no uniform line of growth across the industry
Pre-Covid travel industry arrival figures are back but venture capital is experiencing delays
The global tourism industry has turned the clock back to 2019 before COVID created a massive hole in worldwide passenger...
- UN Tourism tracked 1.3 billion global arrivals, up from 975 million a year earlier, near 2019 figures of 1.475 billion
- Greenfield FDI in tourism was under the US$11 billion mark in 2023 below the US$59bn recorded in 2019
Business
AI-Driven technologies drive operational excellence, helping meet sustainability goals
Industrial AI and digital technologies are revolutionizing energy infrastructure, helping companies across asset-intensive sectors achieve operational excellence
- The rising costs of conventional energy provide a strong argument for investing in energy efficiency
- Carbon capture is a definitive decarbonization solution, although requiring substantial capital and energy to operate
Economy
UAE stablecoin usage up 55% yoy as new regulations drive market momentum
Stablecoins account for the largest share of crypto activity in the UAE (51%), which stands significantly higher than both Bitcoin...
- Value of stablecoins received by services in the country totaled over US$9.8 billion
- between July 2023 to June 2024, just 47 percent of overall crypto transactions took place on centralized exchanges
Economy
Low carbon investments in arrears of climate needs
Upstream investments in the oil and gas industry are still healthy and dwarf those made in low carbon projects and...
- Countries are turning towards renewables such as solar PV and wind following a 40 percent drop in their costs
- The global upstream industry is projected to maintain its hydrocarbon investment level of about US$580 billion in 2024
Economy
Expected impact of the U.S. election on business
35 percent of CEOs worldwide identify #inflation as the most critical #economic issue facing their countries, followed by boosting #consumer...
- The majority of CEOs (77 percent) say the U.S. presidential election will impact their 2025 business strategy
- Nearly 80 percent of global CEOs describe the current investment environment in the Gulf as very or somewhat attractive
Geostrategy
Israel calls for immediate release of hostages, reports two Thai people held in Gaza killed
The Israeli army said Thursday that two Thai hostages earlier believed to be alive in Gaza were killed in the...
- There are now six Thai hostages being held in Gaza, according to an AFP tally
- Families of Israeli hostages urged the UN Security Council to call for the immediate release of hostages held by Hamas in Gaza
Business
Türkiye’s traditional realty charm: Alive or fading?
Driven by its strategic location, cultural heritage, and government incentives, Türkiye's real estate market remains a focal point for regional...
- Driven by its strategic location, cultural heritage, and government incentives, Türkiye's real estate market remains a focal point for the region amid economic fluctuations.
- Despite challenges, the ongoing infras and urban renewal projects in Türkiye, a country straddling Europe and Asia, signal a promising horizon for property investments.
Business
Hyperloop progress: Racing ahead or falling behind?
Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023...
- Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023 despite significant investments.
- Despite significant investment, Virgin Hyperloop shut down in 2023, as technical challenges, safety concerns, and high costs continue to hinder hyperloop implementation.
Business
Hyperloop progress: Racing ahead or falling behind?
Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023...
- Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023 despite significant investments.
- Despite significant investment, Virgin Hyperloop shut down in 2023, as technical challenges, safety concerns, and high costs continue to hinder hyperloop implementation.
GCC a key player in global freight and logistics industry, says Trukkin’s Dalmia
The region leverages a strategic major hub, advanced infrastructure, and economic diversification to fuel logistics demand, says Janardan Dalmia, Founder...
Interview
Company News
Latest News
Dubai airport clocks record 92.3 million passengers
A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, extending a post-pandemic...
Morgan Stanley sees upswing in MENA M&A deal volumes and values
After a challenging year where M&A activity in the Middle East and North Africa took a tumble, Morgan Stanley forecasts...
Oil prices on the rise despite down week
Oil prices rose on Friday as markets weighed the threat of tariffs by U.S. President Donald Trump on Mexico and...
Most Read
Wheels in motion for investors as two Gulf carriers plan 2025 IPOs
UAE's Etihad Airways and Saudi Arabia's Flynas are preparing to listing on local stock markets, the first IPO by Gulf...
- Etihad Airways to expand its destination network to over 125 airports by 2030, up from the current 90
- Flynas plans to grow its fleet to more than 160 aircraft by 2030 from a current 60+
DeepSeek sparks AI stock selloff
Global investors dumped tech stocks following the emergence of a low-cost Chinese AI assistant startup DeepSeek that would threaten Nvidia....
- Chipmaker Nvidia lost S$593 billion of its market value
- Japan's SoftBank Group finished down 8.3 percent
Hong Kong’s property distress hurting banks
Distressed property sales in Hong Kong are beginning to bite banks with average prices of office buildings, shopping malls and...
- Nearly 40 percent of the US$4.36 bn in Hong Kong commercial real estate transactions in 2024 suffered losses
- Rising office vacancies and softening rents threaten the quality of US$80 billion in commercial real estate loans at five major banks