Trailblazing women transform finance in Arab world
Extraordinary Arab women are breaking barriers and setting new precedents in the traditionally male-dominated sectors of banking, finance, and investments.
Business
KSA beats economic challenges with non-oil revenue
Anticipated growth in non-oil sectors, including tourism, manufacturing, and financial services, is set to drive future economic expansion, says a...
Economy
Business
Heavyweight stocks lift up Saudi, UAE markets
After a nervous start to the week, the big stocks of the GCC, Al-Rajhi Bank, Retal Urban Development Company, and...
- The Abu Dhabi Securities Exchange index finished the week up 0.5 percent, with five sectors and 34 shares gaining ground
- The Saudi index finished the week up 1.2 percent due to gains of 1.6 percent at Al Rajhi Bank and 0.8 percent at Retal Urban Development Company
Interview
Digital transformation in Gulf region not agile enough
It's crucial to identify the right working model to fix the challenges of digital transitions in the GCC, Nick Curran,...
- It's crucial to identify the right working model to fix the challenges of digital transitions in the GCC, Nick Curran, Business Development Manager at Endava, tells TRENDS
- This model should be based on an agile delivery method, reliable data and analytics skills, a strong alignment between product and technology functions, Curran adds
Business
Slow tech adaptation hurts online banking in GCC
Smaller banks may be left behind if they don't invest appropriately in digitalization, Redmond Ramsdale, Head of Middle East Bank...
- Smaller banks may be left behind if they don't invest appropriately in digitalization, Redmond Ramsdale, Head of Middle East Bank Ratings at Fitch Ratings, tells TRENDS
- Banks and other financial organizations that don't adopt this technology risk losing consumers to competitors in the market, Ramsdale adds
Business
Airfares increase as demand soars for flights to UAE
Demand for air tickets to destinations outside the UAE also surged in June and July, even as the travel costs...
- Demand for air tickets to destinations outside the UAE also surged in June and July, even as the travel costs grew sharply due to rising oil prices and global inflation
- Even as airfares to Dubai rise up to 40 percent, ticket costs are expected to decrease in September once all passengers living in the UAE return home
Market Report
Conflicts, inflation keep GCC markets on their toes
Though GCC markets witnessed an IPOs rush in the first half of 2022 due to the rising investment interest, the...
- Though GCC markets witnessed an IPOs rush in the first half of 2022 due to the rising investment interest, the future is not comforting for the rest of the year, says an expert
- Due to the volatility of international conditions, GCC stock markets may continue to fluctuate for the rest of 2022, adds Wael Makarem, Sr Market Strategist – MENA at Exness
Market Report
Saudi, Emirati stocks end the week in red
Despite a 3.9 percent increase in the food and beverage sector and a generally mixed week for the Saudi Stock...
- The general index of the Saudi stock market "TASI" ended Thursday's trading down 0.2 percent, or 25.01 points.
- The index was down 0.3 percent, while three sectors on the Dubai Stock Exchange were down 0.93 percent, with banks leading the decline.
Business
GCC insurers adopting sustainable finance practices
Even as only half of the significant insurers in the region are disclosing ESG information, sustainability has gained significant traction...
- Even as only half of the significant insurers in the region are disclosing ESG information, sustainability has gained significant traction in financial services in last few years
- Regional insurers are developing ESG practices and increase in maturity in ESG reporting, with crucial best practices emerging, according to a report by Arthur D Little
Economy
US Fed decisions may effect UAE’s inflation scene
The dollar's first-quarter increase of about 10% against a basket of international currencies may reduce the impact of imported inflation...
- The dollar's first-quarter increase of about 10% against a basket of international currencies may reduce the impact of imported inflation due to dirham's peg to the US currency
- Inflation has affected many sectors in the UAE where there is less freedom in price-fixing, says Wael Makarem, Senior Market Strategist - MENA at Exness
Economy
Key sectors face changes as UAE eyes net-zero status
As the Gulf country sets aside about US$163bn to achieve zero-emission, the number of enterprises focusing on renewable energy is...
- As the country sets aside about US$163bn to achieve zero emission, the number of enterprises focusing on renewable energy is growing, says Simon Birkebaek of BCG
- However, the UAE is still working on the policy framework to achieve net-zero energy status and many key sectors may witness changes in the way they have been operating
Business
Technological advancements make regional banks more buoyant
Another important and influential trend being witnessed by the banking sector in the region is reduced physical networks and shifting...
- Banks in the GCC have proved resilient to the pandemic owing to years of investment in technological capabilities
- Online shopping and money transfers are the preferred payment methods for the typical GCC retail customer
Trailblazing women transform finance in Arab world
Extraordinary Arab women are breaking barriers and setting new precedents in the traditionally male-dominated sectors of banking, finance, and investments.
Business
Company News
Latest News
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...
Arts & Culture
Saudi industrial construction potential game-changer
The Kingdom is gearing up for a massive investment in industrial and mega projects, with plans to allocate $180 billion...
Business
KSA, Kuwait lead as Islamic banking prospers in GCC
With the support of Vision 2030 projects and a surge in real estate lending, the banking sector's performance in the...
Business
Most Read
Business
Artificial intelligence key focus as GITEX 2023 begins
GITEX, Dubai's premier tech event, kicks off its 43rd "Technology Week" at the Dubai World Trade Center, spotlighting the latest...
- With each passing year, GITEX has consistently exceeded expectations, offering a glimpse into the next frontier of technological evolution
- The event also supports technology startups and displays the latest inventions and advanced innovations in information technology from various parts of the world
Economy
Dubai becomes haven for firms of all sizes
Dubai's fintech expansion, the enticing Golden Visa program, competitive tax structures, a talented workforce, and a robust real estate sector...
- Strategic location, innovative free zones, and business-friendly policies help Dubai beckon global entrepreneurs, startups, and financial giants to be part of its journey
- Fintech growth, the Golden Visa program, competitive tax rates, a skilled workforce, and a thriving real estate market increase the emirate's global appeal
Geostrategy
Middle East emerges as a global esports powerhouse
The Middle Eastern region, led by Saudi Arabia and the UAE, is swiftly becoming a global esports hub, driven by...
- The Middle Eastern region, led by Saudi Arabia and the UAE, is swiftly becoming a global esports hub, driven by its vast gamer community and strategic investments
- The region's esports growth transcends gaming, with stakeholders from elite teams to media firms collaboratively shaping the region's live entertainment future