GCC fertilizer use up in pursuit of food goals
The region is also fast adopting modern agricultural practices such as vertical farming, hydroponics, greenhouse vegetable production to grow more...
Analysis
Region’s private equity market set to revive
The region’s industry executives are working hard to improve the dented image and put the sector back on track by...
Economy
Infographics
ADX is the least expensive equity market in MENA
ADX has plans to get at least 10 companies as well as additional services such as derivatives trading by the...
- ADX has plans to get at least 10 companies as well as additional services such as derivatives trading by the end of 2021
- The cost of execution includes several components and depends on the exchange
Analysis
UAE investing hub despite high starting cost
Starting a business in the Emirates makes a $7,444 hole in the pocket, but world-class infrastructure, excellent connectivity, business-friendly policies and...
- Having been pegged to the US Dollar since 1973, the AED is favorable to all business firms within the country due to its steadiness.
- Saudi businesses in the past had to clear 13 procedures and required to have 1,057 percent of income per capita in the bank before starting a business.
Science
Water woes push GCC leaders to act
The Arab world may be awash in oil and other minerals, but it is lacking in that one commodity upon...
- The GCC region is suffering from a water deficit of 20 billion cu m as of 2018 and it is likely to touch 50 billion cu m by 2030
- This has made water more precious than the fossil fuels in the region and several companies are engaged in mineral water production
Analysis
GCC cautious, but optimistic about crypto
The UAE and Saudi Arabia have already formed policies to regulate cryptocurrencies, while Bahrain has given an official stamp on...
- US investors made $4.1 billion from Bitcoin in 2020
- However, a UAE resident lost AED15,000 (a little more than $4,000) after investing in DubaiCoin
Analysis
Family firms call heirs to take command
Family-owned businesses in the Middle East, estimated to be worth more than $1 trillion, have been bogged down with issues...
- An estimated US$15 trillion assets are expected to be transferred to the heirs globally.
- The GCC governments offer incentives to the family businesses to get enlisted in the bourses.
Business
UAE set to rake in millions from cricket
Come November, the Untied Arab Emirates will be hosting the T20 World Cup, with as many as 16 teams expected...
- The sport is expected to bring in millions of dollars in broadcast rights, advertisements, and packed stadiums of Pakistani and Indian fans
- the hospitality industry and the aviation sector in the UAE stands to gain as 14 five-star hotels were fully occupied during IPL 2020 season in the country
Economy
Riyadh eyes top 10-city league with $440bn makeover
As part of its grand "Riyadh Strategy," the kingdom will give the city a complete makeover, building satellite townships, new...
- Saudi Crown Prince Mohammed bin Salman’s “Riyadh Strategy” includes satellite townships and new airports, among other state-of-the-art projects
- The Saudi government expects a matching sum of US$220bn from the private sector in its efforts to turn Riyadh into a global city
Business
ADNOC emerging as UAE’s FDI magnet
Besides wooing $74 billion investments, the oil giant has helped the country gain the top position in the Middle East...
- ADNOC has set its eyes on developing green hydrogen and blue ammonia products.
- The company plans to spend $122 billion between 2021 and 2025 to develop its businesses.
Analysis
New GCC wealth drives private banking
Private banks cater to the complex banking needs of the Ultra High Net Worth Individuals and High Net Worth Individuals...
- Saudi UHNWI population has grown by 227 percent since 2016, the fastest growth rate globally over this period.
- Private banking yields returns up to 30 percent annually, but more typically are in the 7-13 percent.
Business
UAE, Saudi Arabia realty growth trumps Covid-19
Timely preventive measures such as vaccination of frontline construction workers, embracing new technologies , financial stimulus packages, loan relaxation and...
- HSBC Bank expects the rally in Dubai’s real estate sector to last several years.
- Dubai’s prime properties snapped up fast owing to low prices.
GCC fertilizer use up in pursuit of food goals
The region is also fast adopting modern agricultural practices such as vertical farming, hydroponics, greenhouse vegetable production to grow more...
Analysis
Company News
Latest News
GCC in hot pursuit of 2050 emission goals
The GCC nations are looking at the $500-billion market for Green Hydrogen by 2050, but will it be enough?
Analysis
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...
Research
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
Economy
Most Read
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.