Saudi POS transactions fall to $3.8 billion in week ended Aug 15
Dubai, UAE -- Point-of-sale transactions in Saudi Arabia fell to nearly $3.79 billion in the week ended Aug. 15, from...
Middle East Energy expects 1,528 exhibitors for 50th Dubai edition
Middle East Energy will host its 50th edition in Dubai next month with 1,528 global energy companies confirmed to exhibit,...
Business
Economy
Abu Dhabi GDP grew by 9.3 percent in 2022, says SCAD in estimates report
ABU DHABI, UAE - The Statistics Center - Abu Dhabi (SCAD) has released the Gross Domestic Product (GDP) estimates report...
- Abu Dhabi's impressive growth across its diverse sectors during 2022 is attributed to its robust economic framework.
- As per the estimates, in Q4 2022, Abu Dhabi achieved real GDP growth of 5.9 percent worth US$75 billion.
Science
Natural capital, conservation should be priority for private sector in region
DUBAI, UAE - The private sector and financial institutions in the Middle East should enhance reporting by including information about how...
- The report indicates that almost half of the Middle East's GDP is either highly or moderately dependent on the environment.
- Middle East faces a number of environmental challenges specific to the region, including scarce water resources and desertification.
Saudi POS transactions fall to $3.8 billion in week ended Aug 15
Dubai, UAE -- Point-of-sale transactions in Saudi Arabia fell to nearly $3.79 billion in the week ended Aug. 15, from...
Company News
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China’s LNG ambitions take shape
The 344-meters-long QC-Max vessel, being built by Hudong-Zhonghua Shipbuilding, is designed for a major Qatari LNG expansion project.
Business
Middle East conflict slows global growth outlook, World Bank says
Most economies saw forecasts downgraded as rising energy costs, inflation and borrowing expenses create fresh challenges for growth and development...
Geostrategy
Gold heads for weekly loss as Wall Street gains on easing Iran tensions
Dubai, UAE -- Gold prices fell on Friday and were headed for a weekly loss, while major U.S. stock indexes...
Business
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Geostrategy
Trump halts Iran attack plans as talks gain momentum, keeps naval blockade intact
Speaking at an Oval Office event, Trump said Washington had achieved a "great settlement" and expressed confidence that an agreement...
- Iran says negotiations have advanced but warns inconsistencies in US positions continue to complicate the process.
- Iran has insisted that any broader settlement should also address fighting between Israel and Hezbollah in Lebanon, a condition that appears unlikely to be accepted by Israel.
Business
AI success in life sciences depends on people as much as technology: Bain
Organizations creating the most value from AI are not necessarily those deploying the most technology. Instead, they are redesigning workflows,...
- Organizations achieving the strongest AI outcomes prioritize a handful of enterprise-wide initiatives rather than dispersing resources across numerous experiments.
- Workforce adoption remains the biggest challenge, prompting successful companies to invest heavily in change management, skills development and leadership engagement.
Geostrategy
UAE, EU push stronger humanitarian supply chains
Dubai, UAE -- The UAE, the European Union and humanitarian organizations met in Brussels on Thursday to discuss strengthening global...
- More than 80 representatives from governments, UN agencies, NGOs and logistics specialists examined practical measures to improve humanitarian preparedness and coordination.
- Discussions highlighted the growing UAE-EU partnership, including shared humanitarian hubs, emergency stockpiles and efforts to build a global safety net for crisis response.