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Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Mubadala acquires stakes from GHH

It acquired an 80 percent stake in Global Medical Supply Chain.

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

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

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...

Thriving businesses elevate UAE’s position globally

The country ascends four spots in Kearney's 2023 Global Services Location Index, reflecting its thriving business environment and emergence as...
  • The Gulf country ascends four spots in Kearney's 2023 Global Services Location Index, reflecting its thriving business environment and emergence as a tech hub with 4,000+ startups
  • Jordan, Saudi Arabia, Qatar, Kuwait, Oman, and Lebanon debut on the Kearney's 2023 GSLI, while Egypt's ranking has dropped due to rising labor costs and digital focus deficit

Global exports propel Saudi date industry to the top

The Kingdom's exports of dates and their derivatives increased by 5.4 percent annually in 2022, reaching a value of US$...
  • The Kingdom's exports of dates and their derivatives increased by 5.4 percent annually in 2022, reaching a value of US$ 340 million
  • Saudi Arabia's annual production of dates surpasses 1.6 million tons, with exports increasing by 121 percent from 2016 until 2022

Binance allegations stir up Middle East crypto market

Amidst the escalating crackdown on key cryptocurrency players, the Middle East is emerging as a potential beneficiary and a new...
  • Amidst the escalating crackdown on key cryptocurrency players, the Middle East is emerging as a potential beneficiary and a new frontier for the crypto industry
  • Bahraini cryptocurrency firm Rain comes to the UAE, while Coinbase CEO's UAE visit hints at potential expansion. Zurich's Julius Baer is also eyeing Middle East

UAE leads the charge in GCC’s electric vehicle market

Despite making up just over 1% of the UAE car market, EV popularity is growing, with plans to boost the...
  • Despite making up just over 1% of the UAE car market, EV popularity is growing, with plans to boost the electric charging network by 170% by 2025, says a latest report
  • Ranked eighth globally for electric mobility readiness, the UAE's EV market is set to grow 30% annually from 2022-2028, with over 30% of residents considering EV purchases

More Arab youth prefer entrepreneurship over govt job

Almost half of Arab youth are keen on starting their own businesses in the next five years, signaling a significant...
  • Almost half of Arab youth are keen on starting their own businesses in the next five years, signaling a significant preference shift from government to private sector jobs
  • Amid high youth unemployment rates in the region, the ASDA’A BCW Arab Youth Survey points out a rise in entrepreneurial aspirations, particularly in GCC countries

GCC becomes safe haven for expats amid uncertainty

While Western economies continue to struggle with the aftermath, the region has shown remarkable recovery, instilling a sense of security...
  • While Western economies continue to struggle with the aftermath, the region has shown remarkable recovery, instilling a sense of security and optimism among expatriates
  • As expats with 10 to 12 years of experience face challenges in their home countries, they are increasingly drawn back to the GCC, particularly Dubai, says an expert

Middle East tackles AI hurdles, embraces opportunities

The region, rich in history and culture, is expected to accumulate substantial global AI benefits, reshaping its traditional sectors and...
  • The region, rich in history and culture, is expected to accumulate substantial global AI benefits, reshaping its traditional sectors and driving innovation, reports suggest
  • Tradition and technology harmoniously coexist in Middle East as it stays committed to AI integration despite some industries grappling with implementation challenges

Saudi Arabia harnesses technology to boost tourism sector

VR and AR technologies offer tourists pre-visit virtual explorations of cultural and natural sites, driving engagement and anticipation. Onsite, the...
  • Technologies such as Virtual Reality, Augmented Reality, E-visas, and e-payment systems are enhancing the tourist experience in the Kingdom, say experts
  • NEOM, which epitomizes Saudi Arabia's innovative approach, is set to become a global showcase of advanced design and digital experiences, they add

Arabs play huge role as Threads challenges Twitter’s dominance in social media space with rapid growth

The new app developed by Meta has attracted more than 100 million users just five days after its debut, indicating...
  • The new app developed by Meta has attracted more than 100 million users just five days after its debut, indicating its potential to compete with Twitter
  • However, the number of new sign-ups does not necessarily indicate active use or a complete shift from Twitter as Threads is still under development

Rise in unemployment affects Saudi women the most

The Kingdom's unemployment rose to 8.5% in the first quarter of 2023, up from 8% in Q4 2022, driven by...
  • The Kingdom's unemployment rose to 8.5% in the first quarter of 2023, up from 8% in Q4 2022, driven by a notable increase among women to 15.7%, according to an official report
  • In Q1, Saudi Arabia witnessed a 0.5% drop in youth unemployment, while joblessness among those aged 25-54 rose to 7.8%, adds the report of Saudi General Authority for Statistics

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.

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At 10% growth, Saudi banking sector shows resilience

With Vision 2030 steering the economic diversification, Saudi banks face challenges and opportunities in liquidity, asset quality, and navigating geopolitical...

GCC retail pins hope on customer loyalty programs

Retailers in the region are relying on card-linked offers, utilizing data analytics, mobile apps, and blockchain to enhance engagement and...

Gaza solidarity boycott hits global food chains

As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.

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GCC leaps into healthy aging with tech and policy

In the Gulf countries, a transformative journey toward healthy aging is underway, fueled by technological advancements and government initiatives, says...
  • In the Gulf countries, a transformative journey toward healthy aging is underway, fueled by technological advancements and government initiatives, says an expert.
  • With the UAE leading in longevity research and AI revolutionizing healthcare, the region is on a promising path to ensure longer, healthier, and more fulfilling lifespans.

‘AR, VR and video analytics shaping imaging industry’

Canon focuses on innovation, integrating AI-driven features, deep learning and machine learning to meet changing customer needs, says a top...
  • Canon focuses on innovation, integrating AI-driven features, deep learning and machine learning to meet changing customer needs, a top executive of Canon Middle East tells TRENDS.
  • The company's proactive approach to R&D and commitment to reducing CO2 emissions highlights its leadership in the evolving imaging and printing industry, adds Subbu Hariharan.

UAE healthcare spending set to reach $30.6bn by 2027

The sector witnesses a shift towards personalized and precision medicine, underscored by healthcare's significant digitization and data generation, says a...
  • The sector witnesses a shift towards personalized and precision medicine, underscored by healthcare's significant digitization and data generation, says a white paper.
  • Precision medicine has been identified as a key departure from traditional healthcare approaches, focusing on patient-centered care, the report highlights.