Business - TRENDS MENA

Sharjah, UAE -- Sharjah's real-estate market during May 2025 recorded a total of 8,415 transactions worth AED 5.5 billion. Of...

Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia grew 8 percent to SAR 115.4 billion ($30.76 billion) in August 2023, from...
Consumer spending includes total cash withdrawals, point-of-sale (POS) transactions and e-commerce sales through "Mada".
E-commerce sales through Mada cards increased 27 percent YoY to SAR 14.4 billion in August, marking the highest-ever sales value.
London, United Kingdom -- The collapse of cryptocurrency platform FTX, whose disgraced former boss goes on trial this week, sparked shock...
Sam Bankman-Fried, once the wunderkind of crypto, will appear in a federal New York court on Tuesday facing seven counts of fraud.
FTX, once the world's second-biggest crypto exchange, collapsed last November amid accusations that client money was being funneled to prop up its investment arm Alameda.
Doha, Qatar -- The main building of Expo 2023 in Doha has made it to the Guinness World Records for...
The roof of the building, implemented by Qatar's Public Works Authority (Ashghal), has an area of 4,031 square meters.
The new global achievement is the sixth world record achieved by Qatar's Public Works Authority in the previous years.
RIYADH, SAUDI ARABIA - ROSHN Group, one of the Public Investment Fund (PIF) subsidiaries, announced on Sunday the opening of...
SEDRA phase three will add 3,438 more houses to ROSHN’s first integrated development; 1,904 units are for sale in this initial sales tranche.
SEDRA 3 offers prospective residents eight options of floor plans and eleven facades, in single- or multi-family configurations,
The sports car maker posted gains one year after its IPO.
In the first half of 2023, Porsche posted significant gains in group sales revenue, group operating profit and deliveries
The sports car maker, after going public, set up individual partnerships in the field of software with Apple and Mobileye
The company launched AI-infused chatbots with personalities at the gathering, along with tools for creating images or written content using...
"The majority of the world's population will have their first experience of generative AI with us," said Andrew Bosworth
Bosworth was adamant that Meta is not behind, enhancing its global platforms with AI since before ChatGPT was launched
Monaco, Monaco--The Old Doha Port has signed several agreements with professional global companies, specialized in yacht during its participation in...
The executive director of the Old Doha Port said the objective of the participation in the show was to put the port on the global map
The port officials showcased a model to streamline visiting yachts through a mechanism of entry and exit from Qatar
The kingdom's finance ministry estimated expenditures for 2024 to be at US$333.5 billion. According to the ministry, the projection is...
The kingdom's finance minister said that the government will continue implementing fiscal and economic structural reforms
The minister also noted the important role of the PIF and development funds that enhance the growth of non-oil GDP
PARIS, FRANCE - A new roadmap to reduce the environmental risks from chemicals and waste was adopted at a United Nations...
The plan sets out 28 concrete targets and guidelines for key sectors across the entire lifecycle of chemicals, from production to waste.
It calls for a transition to more sustainable chemical alternatives, responsible management of chemicals in industry, agriculture and healthcare.
MANILA, PHILIPPINES - The Asian Development Bank (ADB) approved capital management reforms that unlock US$100 billion in new funding capacity...
The expansion of available funds will be further leveraged by mobilizing private and domestic capital required to tackle the climate crisis.
The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries facing unexpected crises.