Dubai’s GDP tops $31.3 bn in Q1 2024, growing 3.2%
The financial and insurance sector saw a 5.6% rise, reaching USD 4.1 billion (AED 15.1 billion), supported by significant growth...
Oregon leverages coastal adventures and diverse landscapes to expand its tourism market
Oregon's tourism strategy focuses on year-round visitation, sustainability, and regenerative travel, aiming to optimize economic impact while preserving natural beauty...
Economy
Economy
Sharjah EC discusses impact of commercial boards on urban appearance
SHARJAH, UAE - The Sharjah Executive Council (SEC) discussed on Tuesday a report on commercial boards made for economic institutions...
- The discussion covered a range of general government issues that would strengthen various sectors in Sharjah and their legal frameworks.
- Issues that advance public services and which would increase the competitiveness of the Emirate of Sharjah were also discussed in the meeting.
Economy
Qatar’s PPI rises by 5.22% in November 2022
On M-o-M basis, the PPI of November showed a decrease of 3.03 percent when compared to October 2022.
- On M-o-M basis, the PPI of November showed a decrease of 3.03 percent when compared to October 2022
- When compared to November 2021, the PPI of Mining for November 2022 showed an increase of 7.72 percent
Economy
Turkish exports rise 12.9% in 2022, says Erdogan
Erdogan explained that Turkish exports made their way to the markets of 197 countries and regions around the world.
- Erdogan explained that Turkish exports made their way to the markets of 197 countries and regions around the world
- Turkey is seeking to shift to a current account surplus through increased exports and lower interest rates
Business
Over a cuppa of coffee: Global, regional beverage brands to gather in Dubai
The Middle East and Africa coffee market is projected to grow at a CAGR of 7.5 percent between 2022 and...
- The Middle East and Africa coffee market is projected to grow at a CAGR of 7.5 percent between 2022 and 2027
- The UAE market is expected to grow at a CAGR of 8.3 percent between between 2021 and 2027
Ronaldo arrives in Saudi Arabia ahead of grand Al Nassr unveiling
Ronaldo, who left Manchester United under a cloud after slamming the club in a TV interview, will appear at Al...
- The 37-year-old, a five-time winner of the Ballon d'Or, touched down in the capital late on Monday, according to Al Ekhbariya state run TV
- The latest, and possibly final, chapter in an illustrious career comes weeks after Portugal's quarter-final exit from the World Cup in neighbouring Qatar
Geostrategy
UNESCO praises Saudi Arabia for its success in e-education governance
RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization (UNESCO) has praised the achievements of Saudi Arabia...
- UNESCO said that Saudi Arabia's National E-Learning Center is an example to be followed at the international level.
- The National E-Learning Center supports the development of governance procedures in the electronic education and training sector.
Business
Regional maritime sector event to be held in the UAE
DUBAI, UAE - Seatrade Maritime Logistics Middle East (SMLME) is set to take place from May 16 to 18 2023,...
- The region’s maritime sector will come together and discuss a wide range of topics concerning the industry's future.
- The event’s relevance to the sector and its potential impact on the region’s economy has helped it gain the support of major industry players.
Economy
Over 2m riders used public, shared transport during New Year’s Eve in Dubai
DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) confirmed that 2,166,821 riders used its public transport, shared mobility means...
- The figure reflects a 33 percent rise from last year’s number, which was 1,632,552 riders.
- The breakdown of ridership for metro and tram were: Metro: 958,161 riders (compared to 640,175 last year), Tram: 49,855 riders (34,672 last year).
Economy
China’s manufacturing activity drops despite lifted Covid restrictions
For more than two years, China had insisted on a zero-Covid strategy of stamping out outbreaks with strict quarantines, lockdowns...
- The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing in the world's second-biggest economy -- came in at 47 points, down from November's 48
- The index has not been in positive territory since September, and December's figure was lower than the 47.8 reading predicted by Bloomberg analysts
Business
Hudini set to double growth in 2022
With over 60% of hotel executives looking to introduce a fully contactless experience by 2025, Hudini witnesses unprecedented demand for...
- With over 60% of hotel executives looking to introduce a fully contactless experience by 2025, Hudini witnesses unprecedented demand for its solutions
- Hudini enables hotels to provide a connected guest journey from pre-arrival to post departure, ensuring a faster, contactless, and hyper-personalized service delivery
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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
Dubai’s GDP tops $31.3 bn in Q1 2024, growing 3.2%
The financial and insurance sector saw a 5.6% rise, reaching USD 4.1 billion (AED 15.1 billion), supported by significant growth...
Company News
Latest News
Mashreq commits $30bn to UAE banking sector’s sustainable finance by 2030 pledge
DUBAI, UAE -Mashreq bank has been announced as one of the top contributors to the UAE Banks Federation’s (UBF) pledge,...
COP28 UAE
Biodiversity credits demand may rise to $180bn annually by 2050
The transformation hinges on nearly all major companies adopting nature-related goals, with biodiversity credits playing a major role.
Business
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Geostrategy
Saudi Arabia, Turkiye strengthen collaboration in agriculture, water management
RIYADH, SAUDI ARABIA – The Kingdom's Minister of Environment, Water and Agriculture Eng. Abdurrahman bin Abdul Mohsen Al-Fadhli signed a...
- Saudi Arabia and Turkiye expressed their commitment to prepare the agricultural sector in both the countries for climate change.
- The MoU aims to strengthen cooperation and enhance production capabilities in the domains of agriculture, livestock and water management.
COP28 UAE
Masdar, EDF to develop up to 3.6GW of hydropower, renewable projects in Kyrgyzstan
Dubai, UAE – Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, and EDF have signed an agreement...
- The Kyrgyz Republic has set a target of reducing greenhouse gas emissions by as much as 44 percent by 2030, and achieving carbon neutrality by 2050
- Central Asia is a significant emerging market for Masdar which has several agreements to develop solar and wind projects in the region
Geostrategy
Yemeni rebels attack British ship in Bab el-Mandeb Strait: report
Dubai, UAE - Rebels from the Yemeni Ansar Allah movement (the Houthi) have staged a drone attack on a British...
- The United Kingdom Maritime Trade Operations said earlier that it had received information about increased drone activity and, presumably, an explosion in Ban el-Mandeb
- Yemen’s Houthi movement said on Sunday targeted two Israeli ships with an armed drone and a naval missile, a spokesperson for the group’s military said