Dubai set to achieve clean energy targets by 2050
It is the Emirate’s goal to meet three-fourths of its energy requirements with clean sources, which would make it a...
Economy
MENA startups raise $1.2 bn in H1
A Dubai-based think-tank has said that as many as 254 start-ups, mostly from the UAE, Saudi Arabia, and Egypt, have...
Economy
Economy
UAE, Qatar least hit by graft in MENA region: Survey
Across the MENA region, years of corruption has left countries woefully unprepared to face the COVID-19 pandemic
- Across the MENA region, years of corruption has left countries woefully unprepared to face the COVID-19 pandemic
- In terms of performance, the UAE and Qatar are the top regional performers on the CPI with scores of 71 and 63 out of 100 respectively
Economy
Belt and Road Initiative in GCC: A deep dive
The relations between the Arab world and China have touched new highs particularly after China launched the Belt & Road...
- Bilateral trade between China and GCC increased 180 percent from US$68bn in 2009 to US$190bn in 2019
- Gulf imports from China totaled US$10 bn in clothing, textiles, and fabrics, accounting for 66 percent of Arab trade with China
Investigation
MENA firms: The public-private games go on
Two key Dubai firms — Dubai parks operator DXB Entertainments and Dubai ports operator DP World — have de-listed from...
- Companies in MENA region, once enticed by the prospect of growth, looked to be listed on global exchanges
- However, mandates like following transparency norms are putting them off even further
Interview
‘Transparency key to success for corporates in MENA’
Good corporate governance and best practices have been driving the shift in the regional market, says Jamal Fakhro, Managing Partner...
- Regulators across sectors are proactively evolving national laws and regulations to ensure that businesses perform as responsible stewards in the market, says Jamal Fakhro
- Majority of businesses in the region which have adopted corporate accountability and transparency are driving the shift in the market, adds the Managing Partner at KPMG Bahrain
Market Report
GCC equity markets shine in H1 2021
The growth was spurred by abundant liquidity created by easing monetary and fiscal policies besides a rebound in oil prices.
- The pharma and biotech index topped performance during H1 2021 with returns of 24.3 percent and 50.4 percent.
- Abu Dhabi Exchange topped the region’s equity markets by gaining as much as 35 percent.
Analysis
‘Cyber pandemic’ grips UAE, Saudi Arabia
The Covid-19 pandemic has acted as a force multiplier for existing cyber threats while giving birth to a whole new...
- UAE has witnessed a 250 percent increase in cyberattacks, phishing and ransomware in 2020.
- Saudi Aramco and the US firm Raytheon to provide cyber-security services in Saudi Arabia and beyond.
Why Golden Residency is not a privilege
Global economic transformation has pushed governments to implement various programs and reform investment rules to make them more flexible to...
- The UAE is the only Middle Eastern country that issues Golden Visas.
- In 2010, the first golden visa program was launched in Latvia.
Analysis
GCC can help shipping industry curb emissions
Saudi Arabia and the UAE are already off the starting mark in their efforts to supply alternative fuels to the...
- Hydrogen requires high-pressure tanks when stored as a gas or temperatures of -253°C when stored as a liquid
- Ammonia can be used as marine fuel as the conversion process is economical and involves little fuss
Economy
UAE outsmarts competitors in luring foreign investors
The UAE government's recent decision to slash the fee to set up a business by 94% to US$272 is expected...
- The UAE Government has slashed the fees for setting up a business by about 94% to only US$272 (AED 1,000)
- In A T Kearny’s FDI Confidence Index 2021, the UAE gained four places – from 19th rank in 2020 to 15th rank in 2021
Science
GCC region’s cloud seeding experiments a boon or bane?
UAE is among the first countries in the Middle East to use cloud seeding technology for a project whose trials...
- UAE is among the first countries in the Middle East to use cloud seeding technology for a project whose trials started in late 1990s
- A large-scale desalination plant producing about 100,000 cubic metres of water per day costs US$100m
Dubai set to achieve clean energy targets by 2050
It is the Emirate’s goal to meet three-fourths of its energy requirements with clean sources, which would make it a...
Economy
Company News
Latest News
GCC insurance firms battle pandemic woes
It has been a roller coaster ride for insurance companies in the GCC countries and the health care sector since...
Analysis
Assets under GCC SWFs grow 10% to US$2.77trn
The SWFs of Abu Dhabi, Kuwait and Qatar have underpinned the resilience of their sovereign ratings despite lower oil prices...
Research
IMF’s SDR allocation to benefit rich MENA nations
The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves.
Economy
Most Read
Research
HNWIs drive up luxury car sales in Gulf region
Being home to most of the high net-worth individuals in the Middle East, Saudi Arabia, the UAE and Qatar are...
- Porsche Middle East and Africa’s successful implementation of new retail strategy helps in achieving the targets in Q1 2021.
- GCC governments are committed to increasing sustainability by reducing carbon emissions.
Economy
UAE, Qatar least hit by graft in MENA region: Survey
Across the MENA region, years of corruption has left countries woefully unprepared to face the COVID-19 pandemic
- Across the MENA region, years of corruption has left countries woefully unprepared to face the COVID-19 pandemic
- In terms of performance, the UAE and Qatar are the top regional performers on the CPI with scores of 71 and 63 out of 100 respectively
Economy
Belt and Road Initiative in GCC: A deep dive
The relations between the Arab world and China have touched new highs particularly after China launched the Belt & Road...
- Bilateral trade between China and GCC increased 180 percent from US$68bn in 2009 to US$190bn in 2019
- Gulf imports from China totaled US$10 bn in clothing, textiles, and fabrics, accounting for 66 percent of Arab trade with China