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...
Economy
Women key focus of Dubai’s MIA ART Collection gala
The annual MIA Gala and Awards Ceremony, held on International Women's Day, celebrates and recognizes the contributions of women artists.
Arts & Culture
Business
GCC sees rise in tech jobs despite drop in PC sales
Technology remained GCC's most active industry sector in terms of hiring, with 77 percent of organizations increasing their headcount last...
- Technology remained GCC's most active industry sector in terms of hirings, with 77 percent of organizations increasing their headcount last year, latest reports point out
- Nearly 88% of employers in the technology sector in GCC are planning to hire permanent employees this year, predicts the GCC Salary Guide 2023 by Hays Middle East
Business
Crypto markets under pressure as factors that led to FTX Corp’s collapse feared to create new failures
Market players may mitigate risks by adopting the best industry practices, securing their reserves and abiding by regulations, an expert...
- Market players may mitigate risks by adopting the best industry practices, securing their reserves and abiding by regulations, an expert tells TRENDS in an interview
- The only way FTX could re-emerge after its bankruptcy proceeding is by finding new investors or is bought out, says Elizabeth Rayment of Your Mind Media Agency
Business
Dubai wins crown in TRENDS poll on best city in GCC
The city has won a huge following among the people who see it not just as a city for business,...
- The city won the first spot as 35 percent of the respondents said that they would prefer to live in the city of the future
- Doha came in second (34 percent), followed by Riyadh (19 percent) and Abu Dhabi (12 percent)
Business
Some sectors may benefit more than others as more GCC companies turn to metaverse to boost business
Industries in the region may use metaverse interchangeably. However, there is no specific way to know which sector will benefit...
- Industries in the region may use metaverse interchangeably. However, there is no specific way to know which sector will benefit the most from the latest technology, says an expert
- The use cases of a metaverse in the GCC and the MENA region will vary primarily depending on the core nature of work within each sector, adds Mohamed Khaled, CEO of Hotdesk
Business
Super-rich Russians lift UAE property market to record heights
There might be a global slowdown in the property market, but thanks to Russian buyers, the UAE, in contrast, has...
- The number of Russians who bought property in Dubai shot up by 164 percent in the first quarter of 2022.
- According to Better Homes Consulting, Russians made up the largest segment of foreign real estate buyers in Dubai last year
YEARBOOK 2023
GCC businesses plan expansion through new clients
Companies will emphasize less on diversification and disruptive offerings this year, predict chief executive officers in the Gulf region.
- Companies will emphasize less on diversification and disruptive offerings this year, predict chief executive officers in the Gulf region.
- More than two-thirds of CEOs in the UAE expect a “stable” or “positive” global economic outlook for the next three to five years
Tourism, state spending spur real estate in KSA, UAE
Property markets benefit as an increased demand for tourists and the rise in government spending on infrastructure projects drive the...
- Property markets benefit as an increased demand for tourists and the rise in government spending on infrastructure projects drive the post-pandemic recovery in the region
- Changing client preferences in the hospitality, housing, and retail sectors have forced developers to reinvent the hotels, dwellings, and entertainment components of their projects
Economy
External players give tough race to UAE’s e-commerce
The external e-commerce players, projected to grow by 19.2 percent from 2022 to 2026, are expected to capture a share...
- The external players, projected to grow by 19.2 percent from 2022 to 2026, are expected to capture a share of 34 percent of the total online shopping in the UAE.
- The size of the UAE e-commerce sector will reach US$ 9.2bn by 2026, growing at a compound annual growth rate of 12.6 percent, says Dubai Chamber of Commerce
Business
Dubai Airport retains top spot as the region’s busiest
The DXB achieved the highest growth rate among the top 10 airports in the number of international passengers worldwide, according...
- The DXB achieved the highest growth rate among the top 10 airports in the number of international passengers worldwide, according to OAG Aviation company
- The latest data shows that the number of airports served by the DXB has increased by 113 percent and has returned to its pre-pandemic levels
Business
Remote work, hybrid workplace boost telecom demand
Demand for technologies including 5G, AI, ML, IoT, and advanced data analytics will continue to rise in the UAE this...
- Demand for technologies including 5G, AI, ML, IoT, and advanced data analytics will continue to rise in the UAE this year, du CEO Fahad Al Hassawi tells TRENDS
- To meet the evolving demands of customers and businesses the telecom industry is continually revising its roadmap to match the evolving network transformation, he adds
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...
Economy
Company News
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Strategic investments accelerate KSA’s esports market
Arts & Culture
UAE firms face AI-driven data management hurdles
In a rapidly evolving digital landscape, 91% UAE business leaders are facing critical challenges in aligning data strategies with their...
Business
Dubai set to navigate new realty landscape this year
In 2024, the real estate sector is expected to continue to evolve, offering challenges and opportunities for investors and residents...
Business
GCC’s cybersecurity dynamics: The two sides of AI
In the GCC's evolving cybersecurity realm, AI integration is crucial, driving economic growth and transforming defense strategies against complex cyber...
Business
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Arts & Culture
Innovation makes GCC’s gifting tradition sustainable
With growing interest in eco-friendly and socially responsible products, gift businesses in the region are adapting by integrating sustainable options...
- With growing interest in eco-friendly and socially responsible products, gift businesses in the region are adapting by integrating sustainable options into their offerings.
- The GCC's gift industry is transforming to meet environmentally conscious consumer preferences, shifting towards locally sourced, organic items, and reusable, recyclable packaging.
Economy
Dubai leads MENA region in urban mobility readiness
The emirate ranked 28th globally in the 2023 Urban Mobility Readiness Index, highlighting its efforts in creating a sustainable, future-ready...
- The emirate ranked 28th globally in the 2023 Urban Mobility Readiness Index, a testament to its efforts in creating a sustainable, future-ready transportation ecosystem.
- Abu Dhabi climbs to 38th position, and Riyadh to 53rd in the Index, showcasing GCC's focus on sustainable urban mobility despite challenges faced by the region.
GCC business landscape evolves with rising AI tide
Companies in the region are leveraging artificial intelligence to enhance customer experiences, streamline operations, and stay competitive in the dynamic...
- Companies in the region are leveraging artificial intelligence to enhance customer experiences, streamline operations, and stay competitive in the dynamic marketplace.
- Driven by Saudi Arabia's 2030 plan and Dubai's Industrial Strategy 2030, the GCC sees a surge in AI adoption, facing regulatory and cybersecurity challenges in the cloud era.