Business - TRENDS MENA

Dubai, Riyadh - Smartphone shipments in the Middle East and Africa (MEA) region witnessed a remarkable surge, growing by 30%...

A total of 98 new economic activities have been added to several sectors of Dubai in 2021, bringing the total...
The total number of economic activities in the Emirate has reached 2,200. In 2020, the DET had added 58 activities.
Artificial Intelligence Developing Services, Gaming Localization Services and Industrial Consultancies are among other activities added this year.
The Abu Dhabi National Oil Company (ADNOC) has announced the discovery of natural gas resources offshore of the Emirate of...
This discovery marks the first of Abu Dhabi’s offshore exploration concessions
Offshore Block 2 covers an area of 4,033 square kilometers northwest of Abu Dhabi
The Communications and Information Technology Commission (CITC), Saudi Arabia’s digital regulator, has announced the launch of WiFi-6e as part of...
The latest generation of Wi-Fi technology offers data transfer speeds more than five times faster than the current standard
It provides more capacity for high-bandwidth activities such as 8k gaming, video conferencing and virtual reality applications
South Africa's tax authority has uncovered a 1.8-billion-dollar gold scam, in which coins and jewelry were illegally smelted into gold...
Coins and jewelry were illegally smelted into gold bars for sale overseas, the amaBhungane Centre for Investigative Journalism said.
Sale of gold within South Africa carries a tax, but gold exports do not. So the companies created fake invoices to claim that they had paid tax.
Net profit stood at $20.1bn in 2021 after a loss of $21.7bn in 2020.
As lockdowns spread in 2020, oil prices dropped off a cliff, even briefly turning negative
Prices have since rebounded sharply, with the Brent crude trading at almost $90 per barrel
The latest UEFA study includes the consolidated results of these same 711 clubs for the year 2020, as well as...
Gate receipts were decimated, sponsorship was down, and television rights receipts were hit
Clubs are believed to have suffered a €4-billion hit in 2019-2020, and €3 billion in 2020-2021
The two countries discussed reducing obstacles facing the two-way flow of imports into the countries and enhancing trade and economic...
The two countries discussed reducing obstacles facing the two-way flow of imports into the countries and enhancing trade and economic relations
Tawfiq, the president of the Amman Chamber, reiterated that Jordan-Egypt were a model of good relations between Arab states
Only 27 theatres in Morocco remain open, relying heavily on state funding for renovations and digitizing films.
Cinemas in Morocco struggle to emerge from the crisis despite $960,000 of funding for the Moroccan Centre for Cinematography
Enthusiasts called for better protection for theater buildings, architectural treasures that bear witness to the kingdom's past
The fresh investments are said to be in line with Vision 2030, which aims to diversify the economy of Saudi...
Investment deals totaling more than $6.4 billion were announced at LEAP 2022 in Riyadh
Saudi Aramco Ventures launched a $1-billion investment fund called Prosperity 7 to help revolutionary startups
More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy,...
More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy, a UAE official said
A memorandum of understanding was also signed between the Department of Municipalities and Transport (DMT) and Sumitomo Corporation