Middle East and Africa smartphone shipments surge 30% YoY in Q4 2023
Dubai, Riyadh - Smartphone shipments in the Middle East and Africa (MEA) region witnessed a remarkable surge, growing by 30%...Business
Renault Scenic model wins Car of the Year at Geneva auto show
Renault unveiled a new electric vehicle and its Scenic model won the Car of the Year award at the first...Business Global
UAE, Saudi Arabia to lead IPO MENA markets: EFG Hermes
The investment bank is working on five diverse sectoral IPOs in the GCC market which will be launched between the...The investment bank is working on five diverse sectoral IPOs in the GCC market which will be launched between the second and fourth quarters of the year
The UAE’s IPO pipeline was very strong last year with a number of public and private sector entities listing on the Dubai and Abu Dhabi stock exchanges
Crypto markets under pressure as factors that led to FTX Corp’s collapse feared to create new failures
Market players may mitigate risks by adopting the best industry practices, securing their reserves and abiding by regulations, an expert...Market players may mitigate risks by adopting the best industry practices, securing their reserves and abiding by regulations, an expert tells TRENDS in an interview
The only way FTX could re-emerge after its bankruptcy proceeding is by finding new investors or is bought out, says Elizabeth Rayment of Your Mind Media Agency
Fewer GCC women achieve leadership roles
Young women in the MENA region are more likely to be in the workforce, while the GCC countries — particularly...A PwC survey last year found that a large group of younger women are more likely to go to work and remain in employment to fulfil their ambitions in MENA region.
Saudi Arabia has witnessed a 35.6 percent increase in the women's economic participation. Still, the gender gap in leadership roles is huge.
Dubai Land Department launches new feature to streamline procedure
DUBAI, UAE - The Dubai Land Department (DLD) has launched the Instant Sale feature, which utilizes smart evaluation technology in...The aim of the new feature is to streamline procedures and improve the experience of DLD's customers.
The feature requires all parties to be present at the real estate registration trustee office to sign contracts.
Norway earns record oil, gas revenue after Ukraine war prices rise
Norway earned 1.5 trillion kroner ($140 billion) in revenues from oil and gas, according to estimates by Statistics Norway (SSB)....The exceptional revenues have sometimes earned Norway the label of "war profiteer", a label that Oslo rejects.
Norway has pledged 75 billion kroner in civil and military aid to Ukraine over the next five years (2023-2027), or 15 billion kroner per year.
Majid Al Futtaim profit down 2%
The Group reported a 12 percent increase in revenue.Majid Al Futtaim Properties' revenue increased by 43 percent to AED 5.8 billion, while EBITDA grew 16 percent to AED 3 billion.
Majid Al Futtaim Retail reported a 7 percent increase in revenue to AED 28 billion in 2022, driven by renewed consumer confidence.
stc to sell stake in CCC
stc had in Jan signed sale and purchase pact with solutions.The company did not disclose the value of the deal that is expected to be closed in the second quarter of 2023.
stc revenue exceeded $17 billion for the first time ever in 2022, reaching 67.43 billion riyals ($17.97 billion).
SLG to build $54m facility
The facility will be constructed at Dubai Industrial City.Spanning 1.37 million square feet, the manufacturing and warehouse facility is set to open in 2025.
The new facility will meet the demands of B2B and B2C customers across the GCC, African market and Southeast Asia.
Dubai wins crown in TRENDS poll on best city in GCC
The city has won a huge following among the people who see it not just as a city for business,...The city won the first spot as 35 percent of the respondents said that they would prefer to live in the city of the future
Doha came in second (34 percent), followed by Riyadh (19 percent) and Abu Dhabi (12 percent)
Iran: Paris-trained Pastry chef stays back to improve women’s lives
Tehran, Iran - She could have left Iran, as many of her contemporaries did, but Paris-trained pastry chef Shahrzad Shokouhivand...Shokouhivand hopes to see the lifting of the severe, mostly US, sanctions over Tehran's nuclear policy that are squeezing the country
Because of the sanctions, she says, "it is very difficult to find quality chocolate, good butter and vanilla" among other essential baking ingredients
