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ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

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%.

30% productivity leap: Building the machinery of tomorrow

By embracing digital tools, AI, and sustainable practices, companies can optimize production, redefine their role, and propel themselves towards a...
  • New players are emerging, offering advanced digital solutions that boost shareholder returns and revolutionize customer experiences
  • Siloed thinking, a failure to integrate new technologies with existing operational models, and an overreliance on traditional lean manufacturing methods can hinder progress

Here is why sovereign sukuk is a game changer

It presents a more cost-effective alternative to conventional sovereign bonds, particularly for governments with lower credit ratings, a report has...
  • The report suggests that sukuk generally yield less than comparable bonds and exhibit lower volatility, potentially indicating a lower liquidity risk.
  • The high demand for sukuk, particularly from Sharia-compliant investors, can drive down borrowing costs for governments issuing sukuk.

Crypto soars in MENA even as it loses sheen elsewhere

A tech-savvy population sees cryptocurrencies a safe investment option as governments adopt progressive regulatory frameworks, offering innovation and investor protection.
  • The Middle East has emerged as the sixth-largest crypto economy globally, according to a report by Chainalysis
  • Analysts feel the UAE has demonstrated a forward-thinking approach to harnessing and regulating the crypto sector

MENA region is leading the on-demand talent revolution: report

Agile work models and diverse skill demands propel MENA's freelance economy, empowering businesses to thrive amid modernization and digital transformation.
  • MENA companies, particularly those in the IT, banking, finance, real estate, construction, energy, and hospitality sectors, actively embrace agile workforce models
  • Emerging trends like Environmental, Social, and Governance (ESG) initiatives, data analytics, and procurement are expected to fuel the demand for local and international talent

Innovation, flexibility fuel GCC remote work growth

The UAE especially has become a regional hub for remote work, attracting digital nomads and businesses with its visa programs.
  • Oman and Kuwait are more cautious due to infrastructure limitations and traditional work cultures.
  • Saudi Arabia's Vision 2030, aimed at diversifying economy, emphasizes remote work for economic development.

MENA startup investment surges in March 2023

Saudi startups were the biggest beneficiaries of LEAP24 tech conference, securing the lion's share of the total investment of S254...
  • The gender gap in the MENA startup ecosystem remains a pressing issue. Male-founded startups secured nearly 90 percent of the deals.
  • March 2024 wasn't just about investments. The month witnessed several noteworthy mergers and acquisitions (M&A) deals.

Ramadan drives MENA online shopping boom, UAE takes the lead

As Eid Al-Fitr approaches, online shopping is expected to reach new heights, with anticipated growth in categories like flowers, cakes,...
  • Flowwow has observed a 65% rise in online purchases from local UAE brands in March 2024 compared to last year
  • The preference extends to cosmetics and fragrances, with a notable rise in demand for handmade varieties

‘Saudi Arabia leads its regional peers in construction growth’

The burgeoning construction sector in Saudi Arabia is fostering the expansion of its talent pool and consolidating its regional leadership,...
  • The Red Sea Project, Diriyah Gate, Qiddiya Entertainment City, and NEOM have thrust the kingdom into the global limelight
  • NEOM has made waves for its revolutionary take on connectivity infrastructure, innovative city features, and sustainability

‘GCC offers generous opportunities to expat women’

Eti Bhasin, a trailblazing restaurateur in Dubai's thriving hospitality scene, navigates challenges with resilience and innovation at her popular eatery,...
  • The UAE is home to millions of expatriates, of which a significant number are women, says restauranter Eti Bhasin
  • Bhasin believes that expatriate women can play a crucial role in shaping the future of the UAE

GCC leads the charge in global sustainability efforts

The region is spearheading sustainability initiatives to address climate challenges, with Saudi Arabia making significant strides towards renewable energy and...
  • The bloc is spearheading sustainability initiatives to address climate challenges, with Saudi Arabia making significant strides towards renewable energy and clean technology.
  • The EU's $3.6 billion climate tax on shipping pushes for greener maritime practices, while the environmental toll of war demands global accountability and swift action.

‘Canon aims for a 42% reduction in GHG emissions by 2030 and net zero by 2050’

Venkatasubramanian (Subbu) Hariharan, MD of Canon Middle East and Turkey, highlights the significance of remanufacturing and refurbishment for reducing environmental...

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Latest News

Crypto soars in MENA even as it loses sheen elsewhere

A tech-savvy population sees cryptocurrencies a safe investment option as governments adopt progressive regulatory frameworks, offering innovation and investor protection.

MENA region is leading the on-demand talent revolution: report

Agile work models and diverse skill demands propel MENA's freelance economy, empowering businesses to thrive amid modernization and digital transformation.

Innovation, flexibility fuel GCC remote work growth

The UAE especially has become a regional hub for remote work, attracting digital nomads and businesses with its visa programs.

Most Read

Ramadan drives MENA online shopping boom, UAE takes the lead

As Eid Al-Fitr approaches, online shopping is expected to reach new heights, with anticipated growth in categories like flowers, cakes,...
  • Flowwow has observed a 65% rise in online purchases from local UAE brands in March 2024 compared to last year
  • The preference extends to cosmetics and fragrances, with a notable rise in demand for handmade varieties

‘Saudi Arabia leads its regional peers in construction growth’

The burgeoning construction sector in Saudi Arabia is fostering the expansion of its talent pool and consolidating its regional leadership,...
  • The Red Sea Project, Diriyah Gate, Qiddiya Entertainment City, and NEOM have thrust the kingdom into the global limelight
  • NEOM has made waves for its revolutionary take on connectivity infrastructure, innovative city features, and sustainability

‘GCC offers generous opportunities to expat women’

Eti Bhasin, a trailblazing restaurateur in Dubai's thriving hospitality scene, navigates challenges with resilience and innovation at her popular eatery,...
  • The UAE is home to millions of expatriates, of which a significant number are women, says restauranter Eti Bhasin
  • Bhasin believes that expatriate women can play a crucial role in shaping the future of the UAE