GCC can turn net zero pursuit into opportunity
The current low share of renewables in the energy mix of GCC nations increases the potential for significant investment in...
Business
Here is why sovereign sukuk is a game changer
It presents a more cost-effective alternative to conventional sovereign bonds, particularly for governments with lower credit ratings, a report has...
Business
Economy
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...
- Employers in the Kingdom anticipate workforce expansions and salary hikes, though grappling with talent shortages and evolving work models, says a report.
- Increased investment in skills development and mentorship is crucial, while diverse perspectives on AI's impact call for strategic preparation of future workforce.
Business
Dubai’s real estate soars with notable market growth
The emirate's residential market witnesses an 18% sales surge and a 26% rental increase due to investor confidence and a...
- The emirate's residential market witnesses an 18% sales surge and a 26% rental increase due to investor confidence and a preference for larger homes.
- The city's office market thrives, with rents surpassing pre-pandemic levels, reinforcing its role as a strategic regional hub for global corporations.
Economy
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...
- Anticipated growth in non-oil sectors, including tourism, manufacturing, and financial services, is set to drive future economic expansion, says a report.
- Govt initiatives, giga-projects, and tourism are pivotal for growth, while a balanced current account and strong reserves ensure Saudi stability until 2025.
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...
- The region sees a robust future for digital cross-border transfers in the Middle East, marked by innovation and a strong commitment to financial inclusion, says a report.
- COVID-19 expanded the diaspora's role in digital payments, boosting prepaid services and accelerating the shift from cash to digital via cryptocurrencies and blockchain.
Business
Saudi real estate sees new era of growth, innovation
The Kingdom's property sector is driven by a projected $3 trillion GDP by 2030 and evolving consumer preferences towards homes...
- The Kingdom's property sector is driven by a projected $3 trillion GDP by 2030 and evolving consumer preferences towards homes equipped for remote work and wellness.
- Amid evolving market needs, there's a rising demand for flexible workspaces and experiential retail and hospitality spaces, coupled with demand for commercial office space.
Business
UAE banks ride on growth, operational efficiencies
The country's banking sector emerges stronger, showcasing resilience and profitability with a notable 54.1% increase in net income, says a...
- The country's banking sector emerges stronger, showcasing resilience and profitability with a notable 54.1% increase in net income, says a latest report.
- Despite global economic challenges and geopolitical uncertainties, prudent risk management has positioned UAE banks for continued success, it adds.
Business
MENA ups cybersecurity ante to combat GenAI risks
With GenAI emerging as a new frontier for cyber threats, and stricter data privacy laws coming into effect, organizations are...
- With GenAI emerging as a new frontier for cyber threats, and stricter data privacy laws coming into effect, organizations are investing heavily to safeguard their futures.
- A surge is seen in security and risk management spending, highlighting critical need for robust cybersecurity measures and a proactive approach to manage digital risks.
Business
Crypto crimes rise in GCC amid digital currency boom
The GCC is at a critical juncture, facing the dual challenge of embracing blockchain innovation while combating crypto crime, says...
- The Gulf region is at a critical juncture, facing the dual challenge of embracing blockchain innovation while combating crypto crime, says Nicola Buonanno of Chainalysis.
- Crypto crime encompasses activities from theft and scams to money laundering and ransomware attacks, all orchestrated to exploit cryptocurrencies for illicit gains, he adds.
Business
GCC emerges as a cryptocurrency investment hub
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...
- Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment, says an expert.
- Hao Yang of Bybit highlights the sector's regulated nature, its accessibility beyond tech-savvy individuals, and the importance of education and due diligence behind its growth.
Business
MENA startups optimistic despite funding fluctuations
In January 2024, MENA startup funding dropped 34% to US$ 86.5 million across 33 deals, with the UAE leading, followed...
- In January 2024, MENA startup funding dropped 34% to US$ 86.5 million across 33 deals, with the UAE leading, followed by Egypt's recovery and Saudi Arabia's steady input.
- Last month's funding spotlighted travel, fintech, health, and mobility sectors, with Pre-Seed and Seed stages leading, underscoring strong support for early-stage startups.
GCC can turn net zero pursuit into opportunity
The current low share of renewables in the energy mix of GCC nations increases the potential for significant investment in...
Business
Company News
Latest News
GCC leads the charge in global sustainability efforts
The region is spearheading sustainability initiatives to address climate challenges, with Saudi Arabia making significant strides towards renewable energy and...
Economy
Women’s perspectives: Key to problem-solving
As the Director of Admissions and Operations for Georgetown University's Executive MBA Dubai Program, Lara Dajani champions empowering women and...
Reforms help Saudi banking sector post robust growth
The financial sector plays vital role in the Kingdom's economy, with a 9.5% surge in operating income and 10.9% increase...
Business
Most Read
Arts & Culture
Technology transforms Ramadan traditions across GCC
During Ramadan, GCC residents are using digital tools that are enhancing the observance of this sacred month, offering new ways...
- During Ramadan, GCC residents are using digital tools that are enhancing the observance of this sacred month, offering new ways to connect, learn, and shop.
- Rising online activities increase cybersecurity risks, urging vigilance. An evolving digital landscape offers challenges and opportunities for retail and community.
Arts & Culture
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.
- The annual MIA Gala and Awards Ceremony, held on International Women's Day, celebrates and recognizes the contributions of women artists.
- Alejandra Castro Rioseco emphasizes the importance of perseverance and internationalization for Arab women pursuing careers in the art industry.
Arts & Culture
UAE becomes global hub for international education
International education is evolving in the Gulf region amid unique challenges and strengths, Rania Hussein, Deputy Head at the Swiss...
- Global education is evolving in the Gulf region amid unique challenges and strengths, Rania Hussein, Deputy Head at the Swiss International School Dubai, tells TRENDS.
- Government policies ensure educational excellence through strict quality assurance, while aligning learning with future work landscapes, adds Rania during the interview.