UAE’s working mothers get extended maternity leave
The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120...
Business
Saudi labor market booms amid economic shifts
Employers in the Kingdom anticipate workforce expansions and salary hikes, though grappling with talent shortages and evolving work models, says...
Economy
Economy
UAE becomes a growing business, brand hub, followed by Saudi Arabia
To draw firms from around the world, the UAE and KSA have been working hard over past few years to...
- The UAE and Saudi Arabia have been developing infrastructure on par with developed nations to attract businesses from around the world
- Dubai is also great for businesses from the rest of the globe because it is relatively simple to register a property, obtain building licenses, and enforce contracts
Business
Saudi stocks shine, while UAE’s post losses
GCC markets had a mixed week as Saudi stocks powered by the banking and commodities retail sectors posted gains, while...
- The banking and commodities retail sectors, Saudi equities finished the week's trading higher, increasing the general index by 2.11 percent and adding 235 points
- The UAE equities on DFM declined by two percent, and the Abu Dhabi index dropped by 0.7 percent
Economy
UAE eyes jobs via crypto, metaverse investments
According to a PWC estimate, the MENA region's blockchain market would reach $3.2 billion by 2024, and the UAE is...
- Blockchain market is expected to reach $3.2 billion in the MENA region by 2024, according to a PWC estimate
- UAE has attracted many crypto trading platforms, tempting investors with its regulatory system and promises of security improvements
Business
GCC investors park wealth in real estate: poll
A TRENDS poll on Twitter revealed that 43.9 percent of voters preferred real estate, followed by technology at 37.4 percent.
- The age range of the voters was 37.5 percent between 20 and 29 years, 42.9 percent for 30-39 years, 13.4 percent for 40-49 yrs, ad 6.3 percent for voters over 50 years old
- According to JLL, among the top fifty real estate markets worldwide, Saudi Arabia has remained stable, validated at the regional level
Business
High oil prices keep MENA’s economic health intact
The average price of a barrel of Brent crude oil is expected to be $101 in 2022 and $84 in...
- The average price of a barrel of Brent crude oil is expected to be $101 in 2022 and $84 in 2023. However, Brent oil prices may fall to US$ 75/b by 2025 and US$ 70/b by 2027
- Even if Brent crude oil prices drop to US$ 75/b, major oil exporters in the MENA regoin --mainly Saudi Arabia, Iraq, UAE, and Kuwait -- would be able to adapt well, says a report
Business
Qatar set to handle 1.5m FIFA Cup fans, challenges
Hotels, condominiums, cruise ship cabins, and even desert camps have all stepped up to accommodate the overflow of tourists as...
- Hotels, condominiums, cruise ship cabins, and even desert camps have all stepped up to accommodate the overflow of tourists as the Gulf country is getting ready for the event
- The event is likely to contribute more than US$ 19.5 bn, which will be around 11 percent of Qatar's GDP in 2019, says Paulina Zalewska Dzieciuchowicz of PRO Partner Group
Business
Dubai’s real estate builds on AI to boost sales
Investors and brokers are becoming more confident as the emirates's innovative systems keep tabs on the skyscrapers and the units...
- Investors and brokers are becoming more confident as the emirates's innovative systems keep tabs on the skyscrapers and the units available for housing and renting
- More competent property management, more accurate analysis of returns on investments and other efficiencies can all be achieved with the help of artificial intelligence
Analysis
Uncertainty rules even as MENA crypto market grows
Crypto investors fear a possible global recession, especially amidst weak economic activity data, Wael Makarem, Senior Market Strategist - MENA...
- Crypto investors fear a possible global recession, especially amidst weak economic activity data, Wael Makarem, Senior Market Strategist - MENA at Exness, tell TRENDS
- As cryptos are revolutionizing the financial industry, many institutions drafting regulations are trying to make the currency fit into the existing financial regulations
Economy
Pandemic resilience gives Abu Dhabi economy an edge
Health remains key focus as the UAE capital leads global bid to combat the pandemic, as evidenced by its role...
- Health remains key focus as the UAE capital leads global bid to combat the pandemic, as evidenced by its role in clinical trials for COVID-19 vaccines and therapeutic innovations
- Abu Dhabi has been again named the world's top pandemic-resilient city in 2022 in appreciation of its sophisticated and robust healthcare infrastructure, commitment and leadership
Economy
Metaverse helps UAE boost growth, productivity
Adoption of metaverse technologies is part of the UAE government's strategy to diversify its economy away from oil as the...
- Adoption of metaverse technologies is part of the UAE government's strategy to diversify its economy away from oil as the country focuses on innovation and talent development
- The Higher Committee for Future Technology and Digital Economy is set to make Dubai a leading hub for developing and using metaverse technologies worldwide
UAE’s working mothers get extended maternity leave
The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120...
Business
Company News
Latest News
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...
Business
Insect farming ‘revolutionizes’ Gulf agriculture
Across the arid region, in which conventional agriculture is beset by many challenges, insect farming for livestock feed is perceived...
Economy
UAE rides property-market boom as demand soars
Global firms looking to hire space for offices and demand from govt, local dwellers have turbocharged the sector, driving property...
Business
Most Read
Business
UAE charges ahead in global electric vehicle readiness
The Gulf country's ascent to the top of regional EV preparedness rankings and seventh position globally marks a significant stride...
- The Gulf country's ascent to the top of regional EV preparedness rankings and seventh position globally marks a significant stride towards its 2050 carbon neutrality goals.
- With EV Green Charger initiative expanding the charging network and 82% of residents considering EVs for next vehicle, the nation is driving forward sustainable transportation.
Business
AI revolutionizes real estate across GCC countries
Cities like Dubai and Riyadh are harnessing AI to redefine every facet of property dealings, from development to management, Tripler...
- Cities like Dubai and Riyadh are harnessing AI to redefine every facet of property dealings, from development to management, Tripler CEO Sam Singh tells TRENDS.
- AI helps tenants find perfect homes, introducing dynamic pricing based on various factors, while data privacy concerns persist in its real estate integration, he adds.
Arts & Culture
Esports scores big for Saudi economy, culture & jobs
The Kingdom, with its passion for sports and tech, is set to reshape the competitive gaming landscape by hosting the...
- The Kingdom, with its passion for sports and tech, is set to reshape the competitive gaming landscape by hosting the world's premier Electronic Sports World Cup from 2024.
- By 2030, Esports is set to add US$13.3bn to Saudi GDP, with 67% of Saudis into electronic gaming, potentially creating 39,000 jobs, and producing 30 world-class games.