In Middle East, ‘manufacturing’ is a new buzzword
From Saudi Arabia to the UAE and Qatar to Kuwait, governments across the region compete to jumpstart industrial sector but...
Gaza solidarity boycott hits global food chains
As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.
Business
Interview
Where do Arab countries stand on fintech?
Financial technology, or fintech, automates and improves the delivery of financial services.
- Making technology an essential subject in educational curricula in schools is important to advance fintech in Arab countries
- Arab Bank and the National Bank of Kuwait have the best technologies in fintech and online banking
Business
MENA marinas attract luxury yachts
The Middle East now accounts for more than 12.6 percent of the world’s luxury yachts as the services match the...
- Egypt's ports are notable for their capacity to accommodate a large number of yachts and for their ability to provide guests with the best nautical activities.
- Sharm El-Sheikh port is one of the most significant seaports in South Sinai Governorate, serving as a hub for ships, yachts, and tourists.
Business
GCC works from home with digitalization
The Covid-19 pandemic has been the primary driver of businesses and governments embracing remote-work opportunities.
- Some Arab governments have been significantly more proactive than others, especially in the GCC region
- Only 16 percent of workers in the Middle East and North Africa believe that workplaces will revert to pre-epidemic levels
Business
UAE stocks lead higher, mixed show by Saudi index
TASI fluctuated during the week, owing to a rise in Aramco shares. The energy giant's net income grew to $30.4...
- Seven sectors on the Abu Dhabi Stock Exchange gained during the week, led by telecommunications that rose 1.16 percent.
- Aramco’s market capitalization has increased by more than 8 percent this year to just over $2 trillion.
Interview
‘Oil unlikely to hit US$100 in 2022’
The oil prices would average US$70 per barrel in 2021, Garbis Iradian, chief economist for MENA at IIF, tells TRENDS...
- Garbis Iradian, chief economist for MENA at Institute of International Finance (IIF), tells TRENDS in an exclusive interview that the prices would average US$70 per barrel in 2021
- There are expectations of the US oil production recovery in 2022, which would increase the supply easing pressure of price
Economy
Political stability spurs Kuwait’s economic recovery
In June, the government passed the budget for 2021-22, which projected spending of US$ 76 billion and a deficit of...
- In June, the government passed the budget for 2021-22, which projected spending of US$ 76 billion and a deficit of US$ 40 billion.
- Falling oil prices due to COVID- 19 pandemic caused a 15.4 percent dent in Kuwait's GDP in the fiscal year 2020-2021
Business
Saudi index ends week down 0.4%, Qatar up 1.2%
In the UAE, the Abu Dhabi index added 0.2% with the International Holding Company gaining 0.7%. Dubai index ended the...
- Dubai’s main index fell on Wednesday by 0.1%, affected by a 4.2% drop in the stock of logistics company Aramex.
- Aramco's share price rose 0.8 percent to US$ 10.05, its highest close since December 2019.
Business
Careem faces flak over random price hike
People in the UAE complain about Uber and Careem's high prices, which have been raised significantly in the last few...
- An increasing number of people in the UAE are complaining about Uber and Careem's high charges
- The fares, it is claimed, have been raised significantly in the last few months due to Expo 2020 and Dubai attracting many tourists
Economy
Saudi index reaches new highs on oil price rise
The oil price rise is expected to raise the economic growth of Saudi Arabia and the UAE. The kingdom is...
- Qatar Stock Exchange upwardly revised 0.1 percent on Thursday, aided by a 3.5 percent increase in Nakilat shares.
- Egyptian Stock Exchange ended its sessions on Oct. 20 with a collective decline of indices for the second consecutive session.
Interview
400% rise in Saudi agri investment in four years
The kingdom’s goal is to support small farmers, develop rural agriculture and assist the local development of the food product...
- The kingdom’s goal is to support small farmers, develop rural agriculture, and assist the local development of the food product manufacturing sector
- The lack of natural water and an unsuitable climate are the two most pressing issues facing the Kingdom's environment and agriculture
In Middle East, ‘manufacturing’ is a new buzzword
From Saudi Arabia to the UAE and Qatar to Kuwait, governments across the region compete to jumpstart industrial sector but...
Company News
Latest News
Rise in unemployment affects Saudi women the most
The Kingdom's unemployment rose to 8.5% in the first quarter of 2023, up from 8% in Q4 2022, driven by...
Economy
Egyptians caught in devastating economic storm
Egypt's economy is grappling with a myriad of challenges, including rising inflation, currency depreciation and high debt. TRENDS delves into...
Investigation
Egyptians caught in devastating economic storm
Egypt's economy is grappling with a myriad of challenges, including rising inflation, currency depreciation and high debt. TRENDS delves into...
Economy
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Economy
51% techies satisfied with their pay in Middle East
Middle Eastern technology professionals are more open to office-based roles than their counterparts in Central Eastern Europe, Southern Europe, and...
- Middle Eastern tech professionals are more open to office-based roles than their counterparts in Central Eastern Europe, Southern Europe, and France and Benelux, says a report
- Career development remains a top priority for Middle East tech professionals, with 51% ranking it in their top three considerations for a new role, adds the latest report by Hays
Business
UAE tops MENA region in overall skill proficiency
Learners across the country excel in business skills, communication, leadership, management, and human resources skills, Coursera's latest Global Skills Report...
- Learners across the country excel in business skills, communication, leadership, management, and human resources skills, Coursera's latest Global Skills Report points out
- The UAE, according to the report, showcases strong commitment to learning with over 800,000 Coursera learners, representing 7.98% of the working-age population
Economy
Doha, Dubai most competitive job markets globally
Despite international scrutiny over labor practices, Qatar and the UAE continue to attract job seekers with attractive policies like tax-free...
- Despite international scrutiny over labor practices, Qatar and the UAE continue to attract job seekers with attractive policies like tax-free income, a recent study points out
- Cities in Northern California, particularly San Jose and San Francisco, have demonstrated high competitiveness due to major layoffs in tech firms, adds the Resume.io study