Business - TRENDS Mena

UAE becomes a growing business, brand hub, followed by Saudi Arabia
To draw firms from around the world, the UAE and KSA have been working hard over past few years to...
The UAE and Saudi Arabia have been developing infrastructure on par with developed nations to attract businesses from around the world
Dubai is also great for businesses from the rest of the globe because it is relatively simple to register a property, obtain building licenses, and enforce contracts
IMF chief urges action as global recession risks rise
IMF chief Kristalina Georgieva urged global policymakers to take concerted action as the risks of a worldwide recession are driven...
The IMF chief said that if central banks move too aggressively to tamp down price pressures, it could trigger a prolonged economic downturn.
Finance ministers and central bank governors from over 180 nations will gather in Washington for a meeting of the IMF and WB.
ADX adds 5 single stock futures
The move will help develop ADX derivatives market.
The addition of new contracts has doubled the total number of derivative products on ADX to 10 in less than a year.
Market participants will be able to trade on leverage and hedge their equity exposure using these contracts.
Air travel rebounds but still suffering from pandemic
Air travel rose sharply in the northern hemisphere summer, traditionally the peak vacation travel season, but still remains considerably affected...
Total air traffic in August soared up by two thirds from the same time last year, but was still only at 73.7 percent of its pre-Covid level.
Asia experienced the biggest rebound, where traffic more than tripled.
TAQA to sell Netherlands business
TAQA Energy will sell upstream oil and gas business to Waldorf.
The financial terms of the deal were not disclosed. TAQA said the sale was made following its 5 July 2022 announcement that it had completed a review of oil and gas business.
On September 23, TAQA and ADNOC announced the financial closing of their $3.8 billion project to power and decarbonize ADNOC's offshore production operations.
For Saudi fan, road to World Cup is a desert trek
Wearing a wide-brim hat and a backpack to which Abdullah Alsulmi'd affixed Saudi and Qatari flags, he said: "I consider...
To keep his load light, Alsulmi subsists on food he can buy at petrol stations, often chicken and rice, while showering and washing his clothes at mosques
Alsulmi sets out at sunrise and walks until 10 or 10:30 am, but then the heat forces him to break for a few hours before resuming in the afternoon and continuing until sundown
Mubadala Health, G42 to form new firm
Both companies will merge their healthcare businesses.
Hasan Jasem Al Nowais has been appointed CEO of the new entity and will continue to lead Mubadala Health.
The new entity will also focus on collaboration with leading researchers and pharmaceutical and health-tech ecosystems.
UK in talks with Qatar and Norway to import energy
Amid crippling energy shortages, the British government is negotiating with Qatar and Norway to secure new long-term gas contract, according...
Senior civil servants are more hesitant, with figures in the Treasury warning that Britain would be stuck with higher prices if the cost of gas more generally dips after the hike
Truss told Sky News that no agreement had been signed as it stands, but that she was committed to providing long-term energy security for the UK
Investopia partners discuss investment opportunities in ME region
The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development.
The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development
The global investment platform also announced its next annual conference on 1 and 2 March 2023 in Abu Dhabi
Dubai Industrial City unveils plant to manufacture electric cars
The ceremony was attended by Dr. Majida Al Azazi, Chairman of the Board of Directors of M Glory Holding Group,...
The new plant houses the temporary assembly line, which has a maximum production capacity of 10,000 cars per year
The setting up of the factory, according to DIC, will enable regional manufacturers like M Glory to establish businesses and further the 'Make it in the Emirates’ initiative'

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