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ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

30% productivity leap: Building the machinery of tomorrow

By embracing digital tools, AI, and sustainable practices, companies can optimize production, redefine their role, and propel themselves towards a...

MENA startup investment surges in March 2023

Saudi startups were the biggest beneficiaries of LEAP24 tech conference, securing the lion's share of the total investment of S254...

Middle East’s M&A activity outpaces global trends

With a focus on economic diversification and technological advancements, the region is setting a precedent for strategic growth and innovation...
  • With a focus on economic diversification and technological advancements, the region is setting a precedent for strategic growth and innovation in the post-pandemic era.
  • In 2023, state-owned enterprises and sovereign wealth funds spearhead robust dealmaking in energy, chemicals, and technology sectors within the regional M&A landscape.

Focus shifts to societal impact and ethical use of AI

AI and data stakeholders will gather at Global Data Dialogue 2023 -- to be hosted in Dubai next week by...
  • AI and data stakeholders will gather at Global Data Dialogue 2023 - to be hosted in Dubai next week by DataLEADS - to discuss AI's sector-wide transformative potential.
  • Through engaging panel discussions, illuminating show-and-tell sessions, the summit endeavors to spark dialogues that will shape the trajectory of AI and and data science globally

Insect farming ‘revolutionizes’ Gulf agriculture

Across the arid region, in which conventional agriculture is beset by many challenges, insect farming for livestock feed is perceived...
  • Many experts feel insect farming as against livestock farming emits fewer greenhouse emissions and uses fewer natural resources like water and feed
  • The region, however, with its unique climatic conditions and inadequate water supply, poses many hurdles for sustainable insect cultivation

UAE rides property-market boom as demand soars

Global firms looking to hire space for offices and demand from govt, local dwellers have turbocharged the sector, driving property...
  • Demand for office space in Abu Dhabi was primarily fueled by government and semi-government institutions, which remain the city's primary tenants
  • To cope with the high demand, Dubai will supply the market with an extra 72,000 square meters of office space by the end of the fourth quarter

Economic strain looms over Lebanon, Jordan, Egypt and GCC; Gaza escalation to affect Israeli economy too

A latest report by IIF highlights three possible outcomes from Gaza operations, each with profound implications for MENA economies and...
  • A latest report by IIF highlights three possible outcomes from Gaza operations, each with profound implications for MENA economies and political stability.
  • Saudi Arabia may seek additional concessions for Palestine in future reconciliation talks, potentially slowing or reversing any progress, says the report.

UAE charges ahead in global electric vehicle readiness

The Gulf country's ascent to the top of regional EV preparedness rankings and seventh position globally marks a significant stride...
  • The Gulf country's ascent to the top of regional EV preparedness rankings and seventh position globally marks a significant stride towards its 2050 carbon neutrality goals.
  • With EV Green Charger initiative expanding the charging network and 82% of residents considering EVs for next vehicle, the nation is driving forward sustainable transportation.

AI revolutionizes real estate across GCC countries

Cities like Dubai and Riyadh are harnessing AI to redefine every facet of property dealings, from development to management, Tripler...
  • Cities like Dubai and Riyadh are harnessing AI to redefine every facet of property dealings, from development to management, Tripler CEO Sam Singh tells TRENDS.
  • AI helps tenants find perfect homes, introducing dynamic pricing based on various factors, while data privacy concerns persist in its real estate integration, he adds.

Esports scores big for Saudi economy, culture & jobs

The Kingdom, with its passion for sports and tech, is set to reshape the competitive gaming landscape by hosting the...
  • The Kingdom, with its passion for sports and tech, is set to reshape the competitive gaming landscape by hosting the world's premier Electronic Sports World Cup from 2024.
  • By 2030, Esports is set to add US$13.3bn to Saudi GDP, with 67% of Saudis into electronic gaming, potentially creating 39,000 jobs, and producing 30 world-class games.

Saudi industrial construction potential game-changer

The Kingdom is gearing up for a massive investment in industrial and mega projects, with plans to allocate $180 billion...
  • The Kingdom is gearing up for a massive investment in industrial and mega projects, with plans to allocate $180 billion annually from 2025 to 2028, says a latest report.
  • With projects like the high-tech NEOM city in the pipeline, the Kingdom is set on diversifying its economy and establishing itself as a leading tourist destination.

KSA, Kuwait lead as Islamic banking prospers in GCC

With the support of Vision 2030 projects and a surge in real estate lending, the banking sector's performance in the...
  • With the support of Vision 2030 projects and a surge in real estate lending, the banking sector's performance in the Gulf region has been commendable, says a report
  • Despite challenges such as intricate transactions and the demand for universal standards, the potential of financial technology and green financing is immense, it adds

30% productivity leap: Building the machinery of tomorrow

By embracing digital tools, AI, and sustainable practices, companies can optimize production, redefine their role, and propel themselves towards a...

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Latest News

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...

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...

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...

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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.

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.

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.