Global workforce transformation by 2030: WEF predicts 78 million new jobs amid disruptive changes
The widening skills gap challenges employers, with over 59% of the workforce needing reskilling while millions risk redundancy due to...
Economy
UAE labour market transforms with AI revolution and growing demand for high-skill professions
The country is among the most attractive markets for skilled global professionals and talent, thanks to its competitive advantages, including...
Economy
Economy
GCC meeting discusses trade challenges, unified market
Muscat, Oman - The Gulf Cooperation Council (GCC) countries met here on Thursday to address the obstacles affecting inter-country trade...
- The 64th meeting between Gulf Cooperation Council (GCC) Trade Cooperation Committee and Committee for Standardization Affairs was attended by the GCC ministers of commerce
- The commerce and industry ministers held a consultative meeting with the heads of the federations of the GCC chambers to discuss opportunities to enhance cooperation
Economy
Saudi Arabia, Netherlands ink pack to collaborate on energy
Amsterdam, Netherlands – Saudi Arabia and Netherlands on Thursday signed a Memorandum of Understanding to collaborate on energy on the...
- The MoU aims to establish a framework for cooperation between the two countries and strengthen it in several energy sectors, including renewable energy
- It also facilitates the activation of international supply chains linking the two countries and cooperation on technologies and solutions related to climate change
Business
e&, Vodafone form relationship
As per pact, e& is a cornerstone shareholder of Vodafone.
- e& and Vodafone will explore offering joint cross-border digital services to multi-national customers and public sector organizations.
- Services will include fixed and mobile connectivity, Mobile Private Networks, IoT, cybersecurity, and cloud-based services.
Business
HSBC sees great Middle East-China growth potential
Dubai, UAE: The economic potential of the Middle East-China trade corridor was the focus of discussion at an exclusive International...
- HSBC hosted Chinese ambassador to the UAE Zhang Yiming and a senior delegation from the UAE China Business Council
- Trade between China and the UAE reached a record high of $99.27 billion in 2022, marking an annual increase of 37.4%
Business
ADNOC Gas Q1 net income up 9%
The company's revenue for the quarter was $5.2 billion.
- The company's Q1 2023 revenue was $5.2 billion, down from $6.2 billion for the same period in 2022
- It maintained an EBITDA margin of 34 percent in Q1 2023, only 1 percent lower than in Q1 2022
Arts & Culture
Royal wedding bells: Jordan’s Crown Prince Hussein to marry Rajwa Al Saif on June 1
Crown Prince Hussein, who is 28 years old and heir to the throne, proposed to Rajwa at her father's home...
- Crown Prince Hussein, who is 28 years old and heir to the throne, proposed to Rajwa at her father's home in the presence of his parents
- The couple, who became engaged in August 2022, will follow in the footsteps of Princess Iman and choose one of the Jordanian palaces as their venue
Business
Union Properties profit is $3.3m
Revenue increased to $33.21 million, up 16 percent.
- Revenue increased to $33.21 million, up 16 percent compared to the same period last year
- Administrative and general expenses declined 21 percent year-on-year to $4.5 million
Economy
Morocco, UK ink pact on climate action, clean energy, green growth
Rabat, Morocco: Morocco and the United Kingdom signed on Tuesday a Strategic Framework for Cooperation on climate action, clean energy...
- The agreement aims to facilitate Morocco’s accelerated transition from fossil fuels to clean and affordable energy
- It also aims at the systemic integration of climate action into government and private sector planning and action
Business
ADNOC to float 15% minority stake in ADNOC Logistics & Services on ADX
Abu Dhabi, UAE -- ADNOC has announced its intention to float a 15 percent minority stake in ADNOC Logistics &...
- The offering is expected to open on May 16, 2023, subject to regulatory approvals and other relevant considerations
- ADNOC L&S is alogistics services provider to ADNOC Group, offering highly-specialized services across the energy value chain
Economy
Qatar, Spain launch innovation program to support collaborative research
Doha, Qatar: Qatar and Spain have launched the Qatar Spain Innovation Program (QASIP), a joint venture between the Qatar Research,...
- The program aims to support collaborative research and development projects in energy, health, resource sustainability, and digital technology
- The program is the first fruit of cooperation between the QRDI Council and CDTI, following a MoU signed by Qatar and Spain in 2022
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Global workforce transformation by 2030: WEF predicts 78 million new jobs amid disruptive changes
The widening skills gap challenges employers, with over 59% of the workforce needing reskilling while millions risk redundancy due to...
Economy
Company News
Latest News
Saudi Arabia expects to attract 150 million visitors by 2030
Riyadh, Saudi Arabia - Saudi Arabia aims to attract 150 million visitors by 2030, with the tourism sector expected to...
Economy
ASFAR, Municipality of Al-Ahsa sign agreement
RIYADH, SAUDI ARABIA - ASFAR, the Saudi tourism investment company wholly owned by the Public Investment Fund of Saudi Arabia,...
Business
Bahrain Q4 2023 imports increase to US$3.92bn
MANAMA, BAHRAIN - The Information eGovernment Authority (iGA) has published its foreign trade report of Bahrain for Q4 2023, covering...
Economy
Most Read
Stop military operations in Palestine: Saudi minister
Kampala, Saudi Arabia - Saudi Deputy Minister of Foreign Affairs Eng. Waleed Al-Khereiji stressed on Sunday the imperative to halt...
- Al-Khereiji advocated for the two-state solution, citing international legitimacy resolutions and the Arab Peace Initiative
- He underlined the Kingdom's commitment to the security and stability of the region, expressing support for initiatives fostering cooperation
Business
China remains world’s largest logistics market in terms of demand
BEIJING, CHINA - The logistics sector in the country achieved steady recovery in 2023 and the country remains the world's...
- As final consumption continues to rebound, it will lead to consistent growth in production and import demand.
- There has been a continuous enhancement in the competitive capabilities of China's logistics enterprises.
Business
Healthcare industry globally faces data hacking threat
DUBAI, UAE - In an age where data is a cornerstone of modern healthcare, the industry faces an escalating threat...
- The IBM Cost of Data Breach Report reveals that in 2023 the average global cost of healthcare data breach reached $10.93 million.
- In the Middle East, the cost implications of data breach reached $9.18 million in 2023, above the regional average across all sectors.