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,...
Business
SMEs in UAE confront expense management challenges
Digital solutions, including innovative expense management platforms, may help in transforming the administrative landscape for SMEs, a latest report points...
Economy
Business
TASI rises for 10th session, UAE bourses fluctuate
The surge in oil prices fueled the start of the week's high for the Saudi stock market, while the UAE...
- First Abu Dhabi Bank's share price rose by 3.9 percent to support the 1.6 percent advance in the Abu Dhabi index
- With Al-Rajhi Bank up 1.5 percent and SABIC's share up 1.8 percent, the Saudi index rose 0.5 percent on Wednesday
Interview
Remote working becoming a norm in MENA: Zoom
The year 2022 would “offer a more comprehensive acceptance of remote working policies, as more companies are allowing employees anywhere,”...
- Around 76% of the UAE respondents chose Zoom as their preferred platform
- Zoom is working hard to accelerate the UAE’s digital development across various sectors
Videos
Passport strength: Where do Arab countries stand?
The Henley Passport Index ranks 199 passports, based on how many countries and territories their holders can travel to without...
- Japan and Singapore tied for first place of the best international passports
- Germany and South Korea came in second place: Their residents can visit 190 countries without a visa
Market Report
GCC markets remain mixed amidst Omicron woes
Despite an increase in Omicron cases across the world, investors remain confident in the Saudi stock market. The UAE markets,...
- The volume of traded shares on Tadawul reached 197 million through more than 340,000 deals
- Stock markets in the UAE ended in the red on Friday, mirroring weakness in Asian peers
Interview
Self-mobility a ‘promising business’: Ekar founder
Car ownership could become a hobby only for wealthy people in future, says Ekar founder Vilhelm Hedberg.
- Ekar’s founder believes car ownership could become a hobby only for wealthy people in the upcoming years
- Ekar is looking into an addressable market of 138 million people in the MENAT region
Business
Spotify, Anghami vie for local talent in MENA
Anghami is developing social features that will enhance the listening experience of friends and family members and create communities on...
- Anghami is developing social features that will enhance the listening experience of friends and family members and create communities on the platform
- In the MENA region, Spotify has come up with a local team that understands the needs of regional music creators and listeners
Business
Saudi index varies while UAE stock market starts low
A new year saw quite some ups and downs in the top stock markets in the region, even as the...
- TASI dropped by 0.2 percent at the end of 2022 first week, as the Saudi National Bank and Aramco shares fell 1.3 and 0.8 percent, respectively
- It was a week of losses for the Abu Dhabi index, which ended with a 0.2 percent drop on Friday, as First Abu Dhabi Bank shares fell 1.1 percent
Analysis
Factors that may impact oil’s demand-fueled recovery
At the global scale, 56.5 percent of oil reserves and 26.7 percent of natural gas reserves are owned by Arab...
- The financial crisis of the Arab countries will not ease unless oil prices, which will remain above $80 per barrel until 2025-end, come down
- Oil prices climbed by about $28.2 per barrel from January until October 2021, showing 51.2 percent increase over the 10 months
Analysis
GCC countries competing to lead the world in AI
Several countries in the region have already formed AI policies to support their national goals after this technology demonstrated its...
- The Middle East AI market is growing at a rate of 20-34 percent per year, according to a PwC report
- Saudi Arabia is lavishing $500 billion on the NEOM’s project, which will offer ultra-connectivity, and is trialing air-taxis
Business
Gulf markets end 2021 on positive note
The Gulf financial markets ended 2021 on the rise, waiting to achieve significant gains next year.
- Rising oil prices and fewer concerns about the impact of the Omicron variant pushed the Saudi stock index up 0.7% this week
- The Dubai index had a solid week supported by the rise of the shares of Emaar and several banks
GCC emerges as a cryptocurrency investment hub
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...
Business
Company News
Latest News
Thriving businesses elevate UAE’s position globally
The country ascends four spots in Kearney's 2023 Global Services Location Index, reflecting its thriving business environment and emergence as...
Business
Global exports propel Saudi date industry to the top
The Kingdom's exports of dates and their derivatives increased by 5.4 percent annually in 2022, reaching a value of US$...
Economy
Binance allegations stir up Middle East crypto market
Amidst the escalating crackdown on key cryptocurrency players, the Middle East is emerging as a potential beneficiary and a new...
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Economy
More Arab youth prefer entrepreneurship over govt job
Almost half of Arab youth are keen on starting their own businesses in the next five years, signaling a significant...
- Almost half of Arab youth are keen on starting their own businesses in the next five years, signaling a significant preference shift from government to private sector jobs
- Amid high youth unemployment rates in the region, the ASDA’A BCW Arab Youth Survey points out a rise in entrepreneurial aspirations, particularly in GCC countries
Economy
GCC becomes safe haven for expats amid uncertainty
While Western economies continue to struggle with the aftermath, the region has shown remarkable recovery, instilling a sense of security...
- While Western economies continue to struggle with the aftermath, the region has shown remarkable recovery, instilling a sense of security and optimism among expatriates
- As expats with 10 to 12 years of experience face challenges in their home countries, they are increasingly drawn back to the GCC, particularly Dubai, says an expert
Business
Middle East tackles AI hurdles, embraces opportunities
The region, rich in history and culture, is expected to accumulate substantial global AI benefits, reshaping its traditional sectors and...
- The region, rich in history and culture, is expected to accumulate substantial global AI benefits, reshaping its traditional sectors and driving innovation, reports suggest
- Tradition and technology harmoniously coexist in Middle East as it stays committed to AI integration despite some industries grappling with implementation challenges