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
Digital transfers reshape MENA’s financial landscape
The region sees a robust future for digital cross-border transfers in the Middle East, marked by innovation and a strong...
Business
Web 3.0 to further revolutionize digital banking
Forward-leaning financial institutions are ready to seize strategic opportunities to secure their stake in the future of Web 3.0. Right...
- Banks globally are going digital, embracing new technologies and these institutions in GCC countries are following this trend
- There have been many reports about Web 3.0 and its benefits for the banking sector and its clients
Market Report
GCC stocks rise amidst US-China tension
The performance of the Gulf stock exchanges varied this week, affected by several factors and events, most notably the tension...
- The performance of the Gulf stock exchanges varied this week affected by several factors and events
- The visit of US House Speaker Nancy Pelosi to Taiwan and the tension between the United States and China affected the stock market
Economy
Equities, investment funds boost GCC economies
GCC countries will witness a rise in their wealth between 2021 and 2026 after two years of challenging time due...
- GCC countries will witness a rise in their wealth between 2021 and 2026 after two years of challenging time due to the Covid-19 pandemic, a report points out
- Equities and investment funds will account for 64 percent of total personal wealth in the UAE in 2021, says the report released by Boston Consulting Group
Business
UAE’s high-end luxury sectors most crypto-friendly
Most luxurious vacations are purchased through crypto, same goes for luxury real estate and many more retail services, says Atul...
- Most luxurious vacations are purchased through crypto, same goes for luxury real estate and many more retail services, says Atul Hegde, NFT & digital marketing expert
- The biggest challenge is ‘acceptance’. A confident consumer base compatible with dealing in crypto is needed to push these payments, he adds
Business
GCC equities post modest gains this week
Equities in the GCC posted modest gains this week while concerns persist about surging global inflation and how central banks...
- First Abu Dhabi Bank's and the real estate sectors' declines contributed to the overall index's fall at the start and end of the week on the Abu Dhabi Securities Exchange
- On the other hand, the banking sector helped the general index of the Dubai Stock Exchange recover from a 0.7 percent loss on Monday to end the week up 1.1 percent
Business
AI, cloud tech revolutionizing Middle East retail sector
Real-time shopping platforms accessible via multiple channels and featuring high-definition live streaming as well as personalized services are boosting client...
- Real-time shopping platforms accessible via multiple channels and featuring high-definition live streaming as well as personalized services are boosting client engagements
- In the next three years, AI adoption in retail and consumer products will increase from 40 percent to more than 80 percent, according to the IBM Global Technology
Economy
Digitization of govt services spurs MENA IT spending
The IT spending in the MENA region will hit US$1.7bn in 2022 as the governments are using technology to streamline...
- Sixty-six percent of total IT spending in 2022 will go toward communication services, which will remain the largest segment
- Global government IT spending is estimated to reach US$565.7 billion this year, up 5 percent from 2021
Market Report
UAE equities gain, Saudi market posts losses
Abu Dhabi and Dubai stock markets climbed up, while the Saudi index tanked down by more than 1.1 percent this...
- The Saudi TASI index ended trading on Wednesday, July 13, 2022, in the red zone, to close down 127 points, or 1.1 percent, to close at the level of 11,290 points
- The general index of the Abu Dhabi Securities Exchange ended trading on Tuesday, July 12, 2022, increasing by 0.1 percent to 9,171 points
Business
Startups attract huge investments in MENA
Agritech, proptech and fintech sectors remain popular among investors as the region's startups raise nearly 76% of their capital with...
- Agritech, proptech and fintech sectors remain popular among investors as the region's startups raise nearly 76% of their capital with UAE-based firms leading from the front
- Startups in MENA countries raised US$ 323.7 million across 66 deals in June 2022, an 84 percent increase in value and a 57 percent increase in deal volume month-on-month
Business
Reforms make Dubai region’s most open realty market
Revised lending norms, focus on sustainability and improved digital services and data availability help the emirate advance in JLL's Global...
- Lending reforms, focus on sustainability and improved digital services and data availability help the emirate advance in JLL's Global Real Estate Transparency Index
- Despite moving up one spot in the global rankings, Abu Dhabi is still classified as having 'Partial Transparency' in its governmental practices, the JLL index points out
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
Company News
Latest News
KSA builds on MENA construction with $44bn contracts
Despite global economic challenges, the region showcased resilience in the first half of 2023, backed by a robust performance in...
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...
Business
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...
Economy
Most Read
Business
Dubai emerges as global hotspot for startup innovation
The emirate has transformed into a hub of entrepreneurship and ingenuity over the years. Renowned for its ambitious vision and...
- From being a trading post to its current status as a tech and green business center, the emirate offers boundless opportunities, especially for those with pioneering spirit
- Dubai, with its strategic location, serves as a global gateway for businesses, bolstered by progressive leadership and initiatives like the Dubai Future Accelerators
Economy
Saudi non-oil GDP growth to be strong despite oil cuts
Tourism and entertainment sectors are likely to help Saudi Arabia's non-oil GDP grow robustly in the coming years, despite a...
- Tourism and entertainment sectors are likely to help Saudi Arabia's non-oil GDP grow robustly in the coming years, despite a 6.5% drop in oil production, says a report
- The World Bank, meanwhile, revises the Kingdom's growth forecast, highlighting challenges in the broader MENA region due to global financial conditions and inflation
Business
GCC’s digital leadership puts focus on cybersecurity
As GCC leads in digital innovations, there's an urgent need for strong cybersecurity to combat increasingly complex threats targeting governments,...
- As GCC leads in digital innovations, there's an urgent need for strong cybersecurity to combat increasingly complex threats targeting governments, businesses, and individuals
- Emad Fahmy of NETSCOUT sheds light on the evolving cyber threats and the importance of a holistic approach to digital transformation, advising ways to safeguard digital frontiers