China remains world’s largest logistics market in terms of demand
BEIJING, CHINA - The logistics sector in the country achieved steady recovery in 2023 and the country remains the world's...Business Economy
Healthcare industry globally faces data hacking threat
DUBAI, UAE - In an age where data is a cornerstone of modern healthcare, the industry faces an escalating threat...Business Global Health Tech & Media
FIFA heads for $7 billion revenues on the back of Qatar World Cup
FIFA is on target to reap record revenues of seven billion dollars on the back of this year's Qatar World...The governing body has seen revenues from television, sponsors and marketing take off despite past scandals and the coronavirus pandemic.
FIFA said in its accounts that it expects "television broadcasting rights to have set a new record" by the time of the World Cup final on December 18.
Soaring global urban tech market to benefit KSA: Mastercard report
The paper has shone a spotlight on how Saudi Arabia’s e-government, tourism, healthcare, and transit sectors stand to benefit from...The paper has shone a spotlight on how Saudi Arabia’s e-government, tourism, healthcare, and transit sectors stand to benefit from the smart city revolution in the Kingdom
The paper highlights 5G, Wi-Fi 6, cloud computing, virtual reality and geospatial technology as focus areas for digital infrastructure to develop cities
Regional brands may fill gaps in activewear market
Succeeding for a female entrepreneur in an industry dominated by men is a tough task but can be achieved, says...It was now or never for the Arab entrepreneur Nathaly Daou who launched her activewear brand NatUsual soon after 2020 Beirut blasts
Daou had to navigate many roadblocks to not only launch but protect the brand at a time when many went out of business
Tips for family businesses in private equity model
Unlike many family businesses, successful private equity owners do not wait and hope for everything to go according to plan. ...Private equity firms regularly update the overall strategy and plans of their portfolio companies based on transparently shared info about the business and the market changes.
Also, successful private equity owners always have a Plan B in place to respond to performance screwups and changes in the business environment quickly and decisively.
Saudi deposits $5bn in Egypt, plans to invest double: State media
The Egyptian and Saudi governments have signed a draft agreement for Saudi investments in the country totaling a projected $10...The announcements come as the North African country enacts a slate of financial measures to mitigate the economic fallout of Russia's invasion of Ukraine.
As the world's largest importer of wheat, Egypt relied on the two countries for 85 percent of its supply, as well as 73 percent of its sunflower oil.
Evergrande to sell stake
The developer would sell the Crystal City Project in Hangzhou for 3.66 bn yuan.Its total liability is now $300 billion as the company has struggled to repay its investors and bondholders.
The company has said said it would finish projects and deliver them to buyers in a desperate bid to salvage its debts.
German businesses urged to explore investment opportunities in Sharjah
The Sharjah Chamber of Commerce and Industry (SCCI) has called on German businessmen and investors to explore investment opportunities within...A German business delegation attended a forum organized by the Sharjah Chamber of Commerce and Industry.
Gulf Cooperation Council (GCC) countries are the seventh-largest export destination for German industry outside Europe.
Dubai Municipality to tap into Metaverse gains in pursuit of futuristic goals
Dubai Municipality will work with private sector companies and investors to create a futuristic, human-centered version of the city that...As the next big market opportunity, the metaverse could provide nearly US$800 billion in revenue by 2024, Bloomberg Intelligence estimates show.
The city would provide simulated time travel to historic moments, or immersive tours of landmark destinations, Dubai Municipality said.
Opponents bury FIFA’s biennial World Cup campaign
The biennial World Cup has been left off the agenda of FIFA Congress in Doha, with only changes to the...An idea to enlarge Europe's League of Nations to take in South American countries has also been mooted.
FIFA launched a massive campaign to persuade its members that a World Cup every two years would bring them extra cash and prestige.
UAE’s first crypto exchange BitOasis gets provisional nod from VARA
BitOasis, a UAE-based Virtual Asset Service Provider (VASP), said on Wednesday it has received provisional approval from Dubai’s Virtual Assets...In the meantime, the company said it will undertake the process of applying for a license in accordance with the VARA requirements.
To date, the company has transacted over $4bn in virtual asset transactions on its platform, with approximately  $1.7bn being transacted in 2021.
