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
Arabic in demand as non-English content rules market
This trend shift reflects not only changing consumer preferences but also highlights the significant potential for regional stories to gain...
Arts & Culture
Business
Innovation, technology implementation help GCC banks compete with European, US counterparts
The four largest banking markets in the GCC -- UAE, Saudi Arabia, Kuwait and Qatar — are expected to 'nearly...
- The four largest banking markets in the GCC -- UAE, Saudi Arabia, Kuwait and Qatar — are expected to 'nearly approximate' pre-pandemic profitability ranks by the end of 2022
- Increasing inflation levels and the international tension between Russia and Ukraine remain big concerns for the regional banks, says Stephane Ulcakar of Arthur D. Little
Business
Investors remain split over crypto market prospects
While some expect cryptocurrencies to fall even deeper before staging a sustainable recovery, others hope that the market will get...
- While some expect cryptocurrencies to fall even deeper before staging a sustainable recovery, others hope that the market will get healthy in the last quarter of 2022.
- Many observers believe that bitcoin and gold share some similarities, which may be another factor pushing the cryptocurrency's price.
Economy
Gulf nations secure future with Asian investments
GCC, which has been investing heavily in Asia with an eye on protecting its petrochemicals and oil exports, is engaging...
- GCC, which has been investing heavily in Asia with an eye on protecting its petrochemicals and oil exports, is engaging in growth industries like fintech and logistics
- GCC's exports to Asia are mainly constituted from commodities with predominantly oil products and their derivatives, as well as natural gas, in the case of Qatar
Business
UAE equities climb up while Saudi index drops
Propelled by sectors like telecommunications and utilities, the UAE stock exchanges posted gains this week, even as the Saudi equities...
- On Sunday, the main TASI index dropped by 0.6 percent, or the equivalent of 77.2 points, down to 11,632 points
- The main index of the Abu Dhabi securities exchange on Monday increased 1.1 percent, gaining 119.81 points
Interview
Saudi businesses increasingly go digital as technology offers superior customer engagement, better RoI
More Saudi businesses embrace engagement technologies to boost customer experience, increase RoI and enhance productivity, says Unifonic VP & MD...
- More Saudi businesses are adopting engagement technologies to boost customer experience, increase RoI and enhance productivity, says Unifonic VP & MD Ibrahim A. Almohaimede
- Each year, bad customer service costs businesses US$ 75 billion. However, regular buyers invest 67 percent more than the first-time buyers, the Unifonic official adds
Market Report
Gulf indices ease as China COVID curbs hit oil prices
Stock markets across the GCC remained less enthusiastic as oil, which fuels the region's growth, declined amidst fresh coronavirus scare.
- Gulf stock exchanges declined during the last two trading days.
- The Dubai Financial Market fell 49 points for this week as a whole, or 1.4 percent, compared to last week,
Business
Wary of online theft, most MENA shoppers still prefer in-store buying
According to a TRENDS poll, fear of being robbed online by fraudsters prowling on the web is keeping many MENA...
- Some 36.4 percent of respondents still shop in malls or stores most of the time, while 27.8 percent buy their stuff online
- Some 21.1 percent of MENA customers said that falling victim to online fraud had left them wary of using online services.
Business
Improved real-time payment infrastructure set to boost digital payments across GCC
With an estimated 209 million people making purchases online at the height of the pandemic, e-commerce in the MENA area...
- Saudi Arabia's payment revenues are projected to reach US$ 28.3 billion by 2031, increasing at a CAGR of 11.2 percent between 2021 and 2031
- Payment revenues in the UAE is likely to hit US$18.7 billion by 2031, a 7.7 percent increase in CAGR between 2021 and 2031
Business
Video: TOP CEO Conference highlights woes of the ‘Certainty of Uncertainty’
A panel of experts, bankers, politicians, top executives had predicted the fallout from the pandemic, runaway inflation, and war in...
- The UAE Minister of State for Entrepreneurship and SMEs believes that the most powerful tool with a government is agility and the ability to react to a crisis
- While it is crucial for a country to see its government function efficiently during a crisis, it is no different for a company
Economy
Gulf nations add momentum to Asianization of global economy
Following the US withdrawal from Afghanistan, many experts believe that Washington is shifting its attention and resources to the "priority...
- The Gulf countries rely heavily on assistance from Asia, particularly China, to modernise their economies and diversify away from oil
- GCC's position in supporting Russia in its conflict with Ukraine, Europe, and the US, have raised many problems, but nowhere more so than in Asia
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
Company News
Latest News
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...
Renewable energy, sustainability drive GCC growth
The GCC's transformation towards sustainability encompasses economic growth, job creation, and resource management, shaping a resilient and green future for...
Economy
Islamic finance poised to reach $4 trillion by 2026
Islamic finance, with 70% of sector assets, is revolutionizing the global economy through ethical practices and digital innovation, gaining widespread...
Business
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Economy
Gulf leads the charge in green mobility revolution
In the heart of the GCC, a transformative shift towards 'Green Mobility' is underway, driven by a commitment to environmental...
- In the heart of the GCC, a transformative shift towards 'Green Mobility' is underway, driven by a commitment to environmental sustainability and reducing carbon footprints.
- This shift, led by nations like the UAE and companies like Aramex, is redefining the future of transportation, blending innovation, economic growth, and ecological stewardship.
Business
Middle East’s M&A activity outpaces global trends
With a focus on economic diversification and technological advancements, the region is setting a precedent for strategic growth and innovation...
- With a focus on economic diversification and technological advancements, the region is setting a precedent for strategic growth and innovation in the post-pandemic era.
- In 2023, state-owned enterprises and sovereign wealth funds spearhead robust dealmaking in energy, chemicals, and technology sectors within the regional M&A landscape.
Business
Focus shifts to societal impact and ethical use of AI
AI and data stakeholders will gather at Global Data Dialogue 2023 -- to be hosted in Dubai next week by...
- AI and data stakeholders will gather at Global Data Dialogue 2023 - to be hosted in Dubai next week by DataLEADS - to discuss AI's sector-wide transformative potential.
- Through engaging panel discussions, illuminating show-and-tell sessions, the summit endeavors to spark dialogues that will shape the trajectory of AI and and data science globally