CBUAE unveils FIT program to promote digital transactions
Dubai, UAE---The Central Bank of UAE Sunday launched Financial Infrastructure Transformation Program (FIT program) to accelerate the digital transformation in...
Business
Heading into 2018, different aims for US foreign policy in the region
During the Cold War, the then-Union of Soviet Socialist Republics and the United States had different foreign policies in the...
Arab News launches Pakistan edition as part of global expansion
Arab News, the Middle East’s leading English-language daily, has recently announced the launch of a Pakistan online edition, as part...
Middle East’s financial landscape transforming at rapid pace
The digitally connected world has made the consumer the real king. With rapid technological advancement and innovation, the entire focus...
GCC banks up against fresh challenges
It was more about fiscal consolidation than being adventurous in 2017 for the banking sector in the Gulf Cooperation Council...
2018 is expected to be the year of greater mobile-technology innovations, Mamoun Hmedan
TRENDS speaks to Mamoun Hmedan, Managing Director for MENA and India, Wego, about the major trends that will rule the...
Tech-tonic shift; AI taking the Middle East region by storm
Artificial intelligence (AI), undisputedly the best technological gift of the digital age, together with Internet of Things, blockchain and data...
How energy landscape to evolve in the Middle East in 2018?
A massive economic diversification exercise is underway in the Middle East to gradually end dependency on fossil fuels for a...
Ongoing Saudi diversification; Aramco, Alphabet to ink pact
Making industrious efforts toward lessening its dependence on hydrocarbons and diversifying its current economic portfolio, Saudi Arabia is exploring potential...
MEA IoT spending to grow manifold as investments ramp up
The Middle East and Africa (MEA) Internet of Things (IoT) market is set to grow 15 percent year on year...
Despite volatility, GCC healthcare industry witnesses good run
Private healthcare in the Gulf Cooperation Council (GCC) region, estimated at $62 billion in 2016, is forecasted to expand 8.7...
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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
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Iran dismisses claims Russia-launched satellite for ‘spying’
Iran's Space Agency said the Khayyam satellite is entirely designed and built to meet the needs of the country in...
Geostrategy
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.
Economy
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Business
Air Arabia H1 profit $122.8m
More than 2.7 million passengers flew with Air Arabia from Mar-June.
- More than 5.2 million passengers flew with Air Arabia between January and June 2022 across the carrier’s five hubs.
- The company’s turnover for the second quarter of 2022 increased by 125 percent as demand for air travel increased.
Business
Saudi finance ministry partners with Al-Ahly to develop savings bonds
Saudi’s Ministry of Finance and the National Center for Debt Management has partnered with Al-Ahly Financial Company to develop and...
- Saudi Finance Ministry and National Center for Debt Management partner with Al-Ahly Financial Company.
- The deal between the two entities is aimed at promoting the culture of saving in the Kingdom.
Business
ADDED, EWEC sign MoU to improve sustainability, clean energy adoption
The Emirates Water and Electricity Company (EWEC) and the Abu Dhabi Department of Economic Development (ADDED) today signed a Memorandum...
- EWEC will collaborate with ADDED through the Industrial Development Bureau (IDB) to develop new solutions that will support the innovation of energy products.
- They will also lead the drafting of proposals to ensure ongoing improvements to the ecosystem, attract new investments and enable sustainable firms to thrive in Abu Dhabi.