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...
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...
Business
Business
Tourism helps Saudi economy diversify away from oil
The kingdom eyes over 70 million visitors this year as the country jumps from 43rd to 33rd spot on the...
- Developing the tourism sector is part of the kingdom's plans to diversify the economy away from oil, says Princess Haifa Al Saud
- The kingdom plans to make the pilgrimage easier, especially after disruption caused by the Covid-19 pandemic, she highlights
Business
Energy, technology and finance lead Gulf IPOs
Energy, utilities and natural resources account for 42% of the total IPO proceeds, TMT 27% and financial services 21%, Odin...
- Overall, equities in GCC capital markets performed well, with deal volume and valuation up 369 percent in 2021 compared to 2020, bringing in $7.7 billion in new money.Â
- Energy, Utilities and Natural Resources accounted for 42 percent of the total IPO proceeds, TMT 27 percent and financial services 21 percent.
Geostrategy
Duda: Fighting Russia Ukraine’s ‘national choice’
The Polish president warned of a crisis if Ukraine is unable to export grains to North Africa and other countries....
- The WEF panel discussion, The Geopolitical Outlook, at Davos focused on what would the long-term consequences be for the world's great powers and smaller states in their regions.
- Prince Faisal bin Farhan Al Saud, for his part, stated that cooperation and dialogue are essential in confronting all regional and global issues.
Business
‘Digitization transforming Islamic banking in GCC’
The use of CX capabilities, digital media, predictive analytics can help banks develop personalized Shariah-compliant services, says Dubai Islamic Bank...
- The use of CX capabilities, digital media, and predictive insights and analytics can help banks develop personalized Shariah-compliant services, says Group CEO Dubai Islamic Bank
- Islamic banks partnering across the digital economy through open banking can widen choice by creating new and incredibly exciting financial and non-financial services, he adds
Economy
Digitization to see more GCC women enter workforce
Although the number of female STEM graduates is high in GCC, this couldn't translate into proportionate increase in workforce, says...
- GCC is witnessing a rise in recruitment of women and more knowledge sharing between companies to ensure women are supported throughout their careers, Harb said.
- Digitalization would help organizations that invest in digital tools to hire and retain diverse talent and besides supporting women's active participation in the workplace.
Business
Dubai’s luxury retail on the rebound
The government initiatives make the emirate a safe refuge for both inhabitants and tourists which has fuelled consumer activity. Expat-friendly laws...
- Government initiatives have sped up rebuilding, including making the country a safe refuge for both inhabitants and tourists which has fuelled the consumer activity
- With the introduction of new laws such as 5-year multi-entry tourist visa and a 10 year Golden Visa, the prospects for growth in luxury retail have become bright
Business
GCC IPOs raise $4.8bn in 2022, outpacing Europe
May Nasrallah, founder of deNovo, tells TRENDS the new listings on GCC bourses have spawned a new chapter in regional...
- "IPOs in the Gulf prove resilient to the volatility hurting deals in other markets, such as high oil prices, stable economies, and abundant liquidity fuel activity," she said.
- Recent IPO listings in 2021 include 20 public listings of Saudi companies (9 on Tadawul and 11 on Nomu), like ACWA Power International and Saudi Telecom.
Interview
Arab women journalists brave war reporting challenges
War journalism takes its toll on media persons, but the qualities that characterize women may paint their work with extraordinary...
- Several Arab women journalists have been reporting from the frontlines of Ukraine-Russian war.
- Reporters should be fully prepared with the required background information to cover dangerous situations, she said.
Business
UAE, Saudi stock markets slide as inflation concerns rise
The UAE and Saudi stock exchanges posted losses this week, taking cue from the world markets that fell in reaction...
- Saudi Stock Exchange index fell by 4.1% to finish the week at 12835.30 points
- Dubai and Abu Dhabi stocks faced losses this week
Economy
Not just business hub, Dubai is music, food destination too
The locals, residents, and visitors have once again started flocking to museums, historical and heritage sites, and public libraries, according...
- The locals, residents, and visitors have once again started flocking to museums, historical and heritage sites, and public libraries, according to DCAA data
- The hotel sector witnessed strong bookings, supported by the increase in tourism and participants in Expo 2020 Dubai and other events such as Gulfood 2022
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...
Business
Company News
Latest News
UAE, KSA lead the way in Islamic fintech innovation
Islamic fintech assets will rise from 0.8% to more than 1 percent globally by 2025, driven by young Muslim demand...
Business
Automation revolutionizes financial business models
The financial services sector is witnessing transformative changes, driven by rising demands for personalized services and the integration of cutting-edge...
Growing IT outlays intensify MENA’s transformation
The region's IT spending is set to rise by 4% to $183.8 billion in 2024, with software and IT services...
Business
Most Read
Business
Oil prices at a crossroads as production cuts persist
Oil stocks drop as Saudi Arabia and Russia extend a 1.3 million barrel per day oil supply reduction, leading to...
- Oil stocks drop as Saudi Arabia and Russia extend a 1.3 million barrel per day oil supply reduction, leading to an anticipated market deficit until 2023-end, says a report
- Refineries grapple with material changes and disruptions as Russia's diesel export reduction boosts futures prices and OPEC+ cuts drive high oil prices during Q3 of 2023
Business
Saudi Arabia leads as MENA region sees gaming boom
The MENA region's gaming revenue is set to hit $7.2bn in 2023, representing 17% of global gamers, while Saudi Arabia's...
- The MENA region's gaming revenue is set to hit $7.2bn in 2023, representing 17% of global gamers, while Saudi Arabia's market may hit $1bn mark this year and triple by 2030
- Spearheaded by Saudi Arabia, the region's gaming renaissance reshapes the global landscape, with Gamers8 festival showcasing the region's growing influence in the sector
Geostrategy
COP28 to boost climate resilience and agri innovation
Chaired by UAE Envoy for Climate Change Sultan Al Jaber, the global climate summit will focus on a four-pillar strategy...
- Chaired by UAE Envoy for Climate Change Sultan Al Jaber, the global climate summit will focus on a four-pillar strategy for a sustainable future
- Serco CEO Phil Malem calls for private sector involvement, as the UAE pledges significant investments in global renewable energy projects