UAE-Hong Kong non-oil foreign trade surges to US$16.23 billion
Hong Kong--Non-oil foreign trade value between the UAE and Hong Kong expanded in the past year, reaching $16.2 billion in...Business
Innovations, investment spur UAE lab equipment surge
Driven by a growing population, the prevalence of chronic diseases, and significant government investments, the UAE's laboratory equipment market is...Business
Aramco Q1 profit up 82%
Surge in oil prices benefited the world's most valuable company.Aramco's net income of $39.5 billion was up from $21.7 billion in 2021, "primarily driven by higher crude oil prices and volumes sold, and improved downstream margins."
The latest financial results were published four days after Aramco dethroned Apple as the world's most valuable company, with shares worth $2.42 trillion
Talent war biggest business challenge: CBD head
Commercial Bank of Dubai CEO Dr. Bernd van Linder tells TRENDS that today’s business leaders must not only be consummate...“Although I have always been a firm believer in participative leadership, it is clear to me that business leadership is now less hierarchical and involves even more participation.”
“To drive innovation, one of the key measures that leaders need to focus on is to encourage employees to take risks without the fear of failure.”
UAE, Saudi stock markets slide as inflation concerns rise
The UAE and Saudi stock exchanges posted losses this week, taking cue from the world markets that fell in reaction...Saudi Stock Exchange index fell by 4.1% to finish the week at 12835.30 points
Dubai and Abu Dhabi stocks faced losses this week
G7 criticizes India for its decision to ban wheat export
India, the world's second-largest wheat producer, said that factors including lower wheat production and sharply higher global prices because of...India on Saturday banned wheat exports without prior government approval after recent scorching temperatures hit production
However, exports could also take place if New Delhi approved a request by other governments "to meet their food security needs"
Dubai’s hi-tech vision dazzles investors
Dubai is developing an environment that encourages firms from all industries to innovate. Already, the UAE is home to one-third...Dubai is developing an environment that encourages firms from all industries to innovate
Dubai has been able to leverage its strengths as a world-class city to attract global blockchain entrepreneurs
Dubai: Monaco of the region with a difference
The final quarter of 2021 provided a major boost to Dubai hotel results, with properties surpassing even 2019 figures across...Overall, UAE hotels raised $408 million in revenue between December 15 and the end of January 2022, with Expo and the second World's Coolest Winter campaign as key catalysts.
Dubai has beaten popular holiday destinations such as London, Bali, and Rome to become the most popular destination for 2022.
Ukraine’s key IT sector booming despite Russian invasion
Ukraine's IT sector is booming despite the Russian invasion. Workers with stickers on their laptops recline on beach chairs outside...companies transferred servers to secure locations and established back-up systems outside the country before Russia invaded on February 24
When Russian bombing started, IT companies shut offices in the capital Kyiv and eastern city of Kharkiv
DP World owns 28% of the market in India’s ports sector
In Chennai and Hyderabad, DP World is the only operator with a presence in three major Indian ports.In Chennai and Hyderabad, DP World is the only operator with a presence in three major Indian ports
DP World is a leading company in managing container ports in India and has invested nearly US$500 million in a joint venture with the NIIF
Musk sends mixed messages on Twitter deal, pressuring shares
Elon Musk sent mixed messages Friday about his proposed Twitter acquisition, pressuring shares of the microblogging platform amid skepticism on...Chief Executive Parag Agrawal took to the platform to explain moves earlier this week to shake up company leadership and freeze most hiring
"While I expect the deal to close, we need to be prepared for all scenarios and always do what’s right for Twitter," Agrawal said
Metaverse: Opportunities vs challenges
New business models must be developed to take advantage of the metaverse's technology, says Fadi Kassatly, Partner, Enterprise Systems and...By 2026, about 25 percent of internet users would spend at least an hour a day in the metaverse and 30 percent of organizations would use it to distribute their products.
Because of the metaverse, companies can now imagine new stakeholder engagements that include interactions and create value faster, realistically and with more significant impact.
