MIA Art Collection boosts gender equality in art
The MIA Art Collection aims to bridge the gap between the art scene and the business sector, empowering women artists,...
Arts & Culture
GCC sets pace for global decarbonization efforts
The region is in decarbonizing the built environment, with a focus on sustainable urban planning, energy-efficient buildings, and renewable energy...
Economy
YEARBOOK 2023
GCC retail sales pin hope on high consumer spending
Luxury segment is set to hit US$ 11bn by 2023 as retailers in the GCC are reporting increased sales due...
- Luxury segment is set to hit US$ 11bn by 2023 as retailers in the GCC region are reporting increased sales due to rising inflation and consumer spending on basics, says a survey
- In Saudi Arabia, the retail market is expected to grow by up to three times its current value by 2030, making it the second largest contributor to the country's non-oil GDP
Business
Online identity remains key concern as Middle East and Africa rank third in digital trust, data security
Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while...
- Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while only 50% trust retailed in the region
- Govts must refine laws for mobile apps as most online transactions happen through them since buyers find it more convenient to look for products and services through phones
Market Report
Gulf markets fluctuate due to geopolitics, oil prices
Saudi market's primary index fell for the eighth week in a row. Abu Dhabi index fell for four of five...
- First Abu Dhabi Bank, Global Holding and Aldar Properties contributed to the fall of the Abu Dhabi index.
- The drop in DEWA shares price, Emirates NBD Bank among others also contributed to the fall in the Dubai index.
YEARBOOK 2023
GCC cautious as more cyber attacks feared in 2023
Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success...
- Increased use of cloud-based apps and software has been observed in the GCC due to the businesses undergoing digital transformation
- Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success rates of phishing attempts
Business
Firms cautious as phishing bids may rise in GCC
Companies in the region need to be proactive in their defenses against ever-changing nature of online threats, says Netskope’s VP...
- Companies in the region need to be proactive in their defenses against ever-changing nature of online threats, says Netskope’s VP for Middle East and Africa Jonathan Mepsted
- With a solid cyber defense, businesses are less likely to be hindered from expanding their operations such as entering new markets or expanding through mergers and acquisitions
Business
UAE, Saudi equities rebound, record gains
Saudi and the UAE equities beat sluggishness of the past few weeks, recording gains across many sectors, with Abu Dhabi...
- The decline in oil prices in the previous trading session impacted the Saudi Stock Exchange index, which finished Sunday (December 11, 2022) down 1.1 percent at 10,138.3 points
- Abu Dhabi's index rose by 1.6 percent on Friday (December 16, 2022), marking its most significant percentage increase since late October
Business
Technology, sustainability sectors among the most booming and awarded ones across GCC, says expert
The three sectors help the regional economies grow and offer better life to people, Takreem founder Ricardo Karam tells TRENDS...
- The three sectors help the regional economies grow and offer better life to people, Takreem founder Ricardo Karam tells TRENDS while discussing various topics, including awards.
- Takreem Awards 2022 focus, support and encourage innovation and humanity in the Gulf region, the Takreem founder adds
Business
There’s no set route for startups’ success, it’s a mix of internal and external factors, says expert
Investors are paying greater attention than ever before to the founders' backgrounds, personalities and achievements, says Arwa Shafi of Saudi...
- Investors are paying greater attention than ever before to the founders' backgrounds, personalities and achievements, says Arwa Shafi of Saudi startup accelerator TAQADAM
- Startups with experienced professionals on the founding team have a higher success rate, Also, founders who start a firm in their area of expertise have better chances of success
Business
Smooth onboarding, offboarding process needed as more Saudi businesses opt for cloud communication
With data doubling in size every two years, effective info processing, analysis tools and storage technologies are required along with...
- With data doubling in size every two years, effective info processing, analysis tools and storage technologies are required along with a defined digital strategy, says an expert.
- The cloud-first policy goal may help Saudi government attract investments, define clear data regulations, promote innovation, foster agility, and scale up growth
Business
UAE equities recover losses as Saudi index shed gains
Propelled by First Abu Dhabi Bank, the Abu Dhabi index shot up 1.5 percent, reversing losses of three consecutive days...
- The banking and energy sectors ultimately weighed on the main index in Saudi Arabia, which caused it to give up its gains
- The share price of First Abu Dhabi Bank fell by 3.9 percent on Monday, contributing to a 1.2 percent reduction in the main index of the Abu Dhabi market overall
MIA Art Collection boosts gender equality in art
The MIA Art Collection aims to bridge the gap between the art scene and the business sector, empowering women artists,...
Arts & Culture
Company News
Latest News
Esports scores big for Saudi economy, culture & jobs
Arts & Culture
Yango shakes up UAE transportation sector with innovative tech and safety features
DUBAI -- In the heart of the UAE, a significant transformation is taking place in the transportation sector. As the...
Business
IPOs, investments help GCC markets prosper in 2023
Regional markets are reflecting a transition from oil dependency to diversified economies with six IPOs raising $419 million in in...
YEARENDER
Sustainable mobility rises as GCC turns to hydrogen
MENA countries, adopting ambitious clean energy and transportation strategies, aim for significant hydrogen production by 2050, led by UAE's National...
Economy
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Economy
MENA faces economic turbulence due to Gaza conflict
The Israel-Hamas conflict not only threatens regional stability but also poses significant economic challenges for MENA nations, says Fitch Ratings.
- The Israel-Hamas conflict not only threatens regional stability but also poses significant economic challenges for MENA nations, says Fitch Ratings.
- Egypt, Lebanon and Jordan remain the most affected countries as the conflict will potentially disrupt oil markets and economic growth, it adds.
Business
Fintech leads MENA startup boom with historic funding
Startups in the MENA region secured a staggering $764 million in funding in November 2023, demonstrating the region's growing influence...
- Startups in the MENA region secured a staggering $764 million in funding in November 2023, demonstrating the region's growing influence in the global startup ecosystem.
- This surge, led by the fintech sector and supported by global investors, underscores the vibrant entrepreneurial spirit and innovation driving the MENA region's growth.
Regenerative business models keep UAE ahead globally
With 57% of C-suite executives in the UAE prioritizing regenerative models, the country is leading the global shift towards sustainable...
- With 57% of C-suite executives in the UAE prioritizing regenerative models, the country is leading the global shift towards sustainable and regenerative business practices.
- This trend, especially notable in the retail and energy sectors, marks a significant paradigm shift in how businesses approach sustainability and societal impact.