Business - TRENDS MENA

New York, United States -- US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that...

Dubai, UAE -- Kuwait ranked third and Qatar 22nd on the list -- prepared by the World of Statistics --...
About 15 percent of Kuwaitis were millionaires, after Hong Kong's 15.3 percent and Switzerland, which had the highest number of millionaires (15.5 percent) in the world.
According to the World Wealth Report 2022, the average net worth of a millionaire in Kuwait is $2.9 million.
Global glut of semiconductors hurts company's core memory sector.
The tech giant Samsung Electronics said in a regulatory filing that April-June operating profits were expected to drop 95.7 percent to 600 billion won ($458 million)
The announcement comes as securing supplies of advanced chips has become a crucial issue internationally, with US and China locked in a fierce battle to control the market
Threads is the biggest challenger yet to Musk-owned Twitter, which has seen a series of potential competitors emerge but not...
In a letter to Zuckerberg, Musk lawyer accused the company of "unlawful misappropriation of Twitter's trade secrets and other intellectual property."
Meta is accused of hiring former Twitter staff who 'had and continue to have access to Twitter's trade secrets and other highly confidential information'
BEIRUT, LEBANON - The vice-governors of Lebanon's central bank plan to resign unless politicians swiftly name an incoming governor, two senior...
The term of embattled three-decade chief Riad Salameh ends this month with no successor in sight, setting the stage for a leadership crisis.
"Unless the political class names a successor, the vice-governors will resign before (Salameh's) mandate ends" on July 31, an official said.
LONDON, UK - Shell's chief executive told the BBC on Thursday that cutting gas and oil output would be "irresponsible" because...
The official warned that strengthening demand from China and cold winter weather in Europe could send energy prices and bills surging.
Domestic electricity and gas bills sky-rocketed after key energy producer Russia invaded neighboring Ukraine early last year.
DUBAI, UAE - Dubai's real estate market recorded 669 sales transactions worth US$792 million (AED2.91 billion) on Thursday, data released...
DLD said 134 mortgage deals totaling US$73 million and 89 gift deals amounting to US$27 million.
The sales included 567 villas and apartments worth US501 million and land plots worth US$294 million.
Commercial launch of self-driving vehicles is planned for 2026.
The vehicles will collect data during the trials and, in the initial test phase, will have human safety drivers, VW said.
"Moving into this next phase will help us test, validate and refine technology," said Christian Senger, a Volkswagen official.
Doha, Qatar -- International reserves and foreign currency liquidity of Qatar Central Bank (QCB) rose to reach QR 240.742 billion...
The official reserves consist of major components, which are foreign bonds and bills, cash balances with foreign banks and gold holdings.
Qatar's gold reserves increased, as of the end of June 2023, by about QR 8.617 billion to reach QR 20.853 billion.
Dubai, UAE -- Remittances from expatriates in Saudi Arabia saw a slight decline year-on-year (YoY) to SAR 11.3 billion ($3.01...
On a month-on-month (MoM) basis, remittances from expats in Saudi Arabia increased 14 percent, or SAR 1.35 billion, Argaam reported.
Remittances by Saudi nationals to other countries also fell 6 percent YoY to SAR 5.84 billion in May.
MENA is an important market for Verition.
Verition’s strategic positioning of its Dubai headquarters gives it access to DIFC’s financial and innovation ecosystem
Verition has a broad international footprint with offices in Greenwich, New York, London, Singapore and Hong Kong.