EU worried Red Sea attacks could spark inflation
European Union economy commissioner Paolo Gentiloni warned that violence in the Red Sea sparked by Houthi attacks on shipping could...
Geostrategy
DEWA records 12.5 million digital transactions in 2023
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that its customers conducted around 12.5 million digital transactions in...
Business
Geostrategy
WHO renews ties with Saudi drug authority for global cooperation
The approval is expected to transform the regional center into a global center covering the eastern Mediterranean and Africa.
- The move aims to contribute to the SFDA in assisting emerging countries in monitoring and regulating medical devices and supplies
- It also looks to benefit from the WHO’s expertise in various regulatory and supervisory areas in medical devices and supplies
Business
PIF launches Saudi Coffee Company
The Public Investment Fund (PIF) today announced the launch of the Saudi Coffee Company. The company is established to enable...
- The launch of the Saudi Coffee Company aligns with PIF’s strategy, which focuses on developing and enabling 13 promising sectors
- The Saudi Coffee Company’s primary goal is to ensure the national coffee industry is enabled along its entire value chain, from bean to cup
Interview
GCC firms should focus on digital change: QIB chief
Bassel Gamal, the Group CEO of Qatar's second-largest bank, tells TRENDS that leaders should empower their employees to make decisions.
- "Today, all GCC economies are recovering from the pandemic thanks to higher oil prices, supporting government spending and normalizing business activity."
- "The leadership has shifted towards a more collaborative approach, fostering teamwork, productivity, innovation and creativity."
Economy
Saudi inflation surges in April, food and beverages cost more
Annual inflation in Saudi Arabia has spiked to 2.3 percent in April, up from 2 percent in March. According to...
- the consumer price index, or CPI, in April 2022 has surged 2 percent when compared to the corresponding period a year earlier
- Food and beverages prices increased by 4.3 percent due to an increase in meat prices by 3.5 percent, and vegetable prices by 13.5 percent
Economy
Oman, India bilateral trade rises to $9.9b in 2021-2022
There has been a 94.8% increase in the number of Indian businesses registering with Oman MoCIIP’s Invest Easy portal, up...
- There has been a 94.8% increase in the number of Indian businesses registering with Oman MoCIIP’s Invest Easy portal, up from 450 in 2019 to 877 in 2021
- Qais Al Yousef was in India to develop new business opportunities and strengthen investment and trade ties in manufacturing, healthcare and renewables
Business
Talent war biggest business challenge: CBD head
Commercial Bank of Dubai CEO Dr. Bernd van Linder tells TRENDS that today’s business leaders must not only be consummate...
- “Although I have always been a firm believer in participative leadership, it is clear to me that business leadership is now less hierarchical and involves even more participation.”
- “To drive innovation, one of the key measures that leaders need to focus on is to encourage employees to take risks without the fear of failure.”
Geostrategy
Faster UAE growth likely under Mohamed bin Zayed
Under the President Sheikh Mohamed bin Zayed, the national economy will witness an acceleration in the implementation of its development...
- The 61-year-old took office after the death on Friday of his half-brother Sheikh Khalifa bin Zayed Al Nahyan
- Born in the capital on March 11, 1961, Sheikh Mohamed was sent to military school in Britain, where he graduated from the famed Royal Military Academy Sandhurst in 1979
Geostrategy
Sheikh Mohamed is new UAE President
The UAE's Federal Supreme Council today unanimously elected His Highness Sheikh Mohamed bin Zayed Al Nahyan as President of the...
- The UAE's Federal Supreme Council has unanimously elected Sheikh Mohamed as the country's president
- Sheikh Mohammed has succeeded the late Sheikh Khalifa bin Zayed Al Nahyan
Geostrategy
Jordan king meets Biden, thanks US for ongoing support
King Abdullah expressed appreciation for the US’ ongoing support for Jordan across all sectors, to enable the kingdom to pursue...
- King Abdullah expressed appreciation for the US’ ongoing support for Jordan across all sectors, to enable the kingdom to pursue economic development and regional stability
- President Biden expressed full support for Jordan and commended the Kingdom as a critical ally and a force for stability in the Middle East
Geostrategy
Tributes pour in after passing of Sheikh Khalifa
Tributes continue to pour in from around the world after the UAE announced the death of its president, Sheikh Khalifa...
- US President Joe Biden said Sheikh Khalifa was 'a true partner and friend of the United States'
- 'The EU honours his legacy & leadership under which the UAE became frontrunner of sustainable development & economic diversification'
EU worried Red Sea attacks could spark inflation
European Union economy commissioner Paolo Gentiloni warned that violence in the Red Sea sparked by Houthi attacks on shipping could...
Geostrategy
Company News
Marafiq IPO oversubscribed
Business
Latest News
UAE, Cameroon non-oil trade exchange grows by 33.5% in last 10 years
Non-oil trade exchange between the UAE and Cameroon grew by 33.5 percent between 2012 and 2021, reaching $522 million by...
Economy
Qatar Charity organizes events for its sponsored orphans around the world
The events aim to focus on the rights of the child and the duties of states and societies in order...
UAE moon rover launch put off, to run more ‘pre-flight checks’
Dubai, UAE— The UAE’s moon rover launch has been delayed by one day in order to run more pre-flight checks,...
Science
Most Read
Business
Etihad Rail and Borouge enter into strategic partnership
Abu Dhabi, UAE— Etihad Rail and Borouge have entered into a strategic partnership for sustainable transportation to carry 1.3 million...
- Under the terms of this partnership, Borouge becomes one of Etihad Rail’s main customers
- Etihad Rail has successfully reserved 60 percent of the network’s annual transport capacity
Business
$121bn GCC projects in pipeline: Trust, transparency key to their success, TOP CEO Conference heard in May
Beside leadership and vision, trust, communication and transparency between all the stakeholders play a key role in any and every...
- Beside leadership and vision, trust, communication and transparency between all the stakeholders play a key role in any and every project’s success, experts had said at the event.
- More than $50bn of social infrastructure work, according to Meed Projects, is being executed across the Gulf region, while the remaining $70bn is in various stages of planning
Business
Like in climate discourse, digital transformation will eventually edge out the big players, says media expert
“Some big techs are facing crisis with large-scale layoffs and investment cuts. As digital space offers enough space and opportunity...
- Unlike in the industrial revolution, the developments in Information and Communications Technology (ICT) are quicker, says Asian College of Journalism Chairman Sashi Kumar
- 'Rational human beings, interested in transformation in media and communication as a vehicle for the betterment of society, should be worried about technological fundamentalism'