UAE records fastest growth rate in 10 years, says economy minister
Abu Dhabi, UAE - UAE's Minister of Economy Abdullah bin Touq Al Marri said Wednesday that in 2022, the UAE...
Business
How execution challenge is haunting GCC corporate?
Executing project is never as simple as formulating it. New projects have emerged in the GCC, creating high hopes for...
Will Qatar lose World Cup 2022 bid?
Shrouded under various controversies, already isolated Gulf nation Qatar has once again engulfed in a fresh wave of storm. It...
Will 2018 see economic growth rebounding in Middle East?
Steadfast on the path of economic diversification and structural reforms, countries in the Middle East and North Africa (MENA) seem...
How EB-5 Investor Program reform will boost GCC investment in US
The US Congress is likely to pass a long-term reauthorization of Employment-Based (EB-5) Investor Immigration Program in March before the...
What it takes to accelerate region’s movement toward sustainability
Clean energy and sustainability have gone beyond just being buzzwords for the Gulf Cooperation Council (GCC) nations. The governments in...
Increasing tourist footfall pushing GCC economy
Even as there’s pressure on the Gulf Cooperation Council (GCC) countries to curtail spending and prioritize projects, the tourism sector...
Mastercard to further disrupt financial transactions in MENA region
TRENDS speaks with Jorn Lambert, Group Executive, Digital Channels in Emerging Payments, Mastercard, about how Mastercard is offering richer experiences to its...
Timeline; recent plane crashes involving Iran
Tehran-based Aseman Airlines flight, from Tehran to Yasuj, crashed on Sunday morning killing all 66 passengers on board. Following is...
Careem to heat up food delivery business in Middle East
In a move aimed at further strengthening its market position by adding more verticals to its current portfolio, Careem on...
Passenger plane crashes in Iran: 66 people on board dead
Scores of people are feared dead after an Iranian commercial aircraft crashed into a mountain in southern Iran valley on...
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UAE records fastest growth rate in 10 years, says economy minister
Abu Dhabi, UAE - UAE's Minister of Economy Abdullah bin Touq Al Marri said Wednesday that in 2022, the UAE...
Business
Company News
Latest News
14 UAE businesses to pitch on Beban 2 for investment
The shortlisted entrepreneurs will receive training through a customised bootcamp delivered by international venture capital startup accelerator "Brinc MENA."
Business
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Business
SEIC buys stakes in Egypt firms
The Saudi Egyptian company bought stakes worth $1.3bn.
- The SEIC will own shares in Abu Qir Fertilizers and Chemicals Industries Co., Misr Fertilizers Production Co., Alexandria Container and Cargo Handling Co.
- The companies operate in sectors such as fintech, logistics, and fertilizer
Economy
Central Bank of Kuwait raises discount rate by 2.75%
CBK Governor said the decision was taken in light of the recent international economic and geopolitical developments.
- CBK Governor said the decision was taken in light of the recent international economic and geopolitical developments
- The Governor added that the rate hike was to keep up with the major international interest rates, and to reinforce a favourable environment for economic growth
Geostrategy
Saudi delegation discuss energy, climate action at Tokyo conference
A delegation from Saudi Arabia’s King Abdullah Petroleum Studies and Research Center (KAPSARC), participated in Tokyo’s 43rd International Association for...
- The discussions included the future role of fossil fuels, decarbonization risks and opportunities, renewables, energy economics.
- Titled “Mapping the Energy Future, Voyage in Uncharted Territory,” the conference functioned from July 31 to August 4, 2022.