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Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Death toll mounts in Iran protests as online services cut

Amini, 22, died last week after her arrest by the Islamic republic's feared morality police for allegedly wearing a hijab...

Covid-19 fails to impact realty in UAE, Saudi Arabia

While the UAE has seen a record amount of real estate sales in the first six months of 2021, Saudi...
  • Demand for villas increased in the UAE because of the pandemic outbreak and also due to low-interest rates.
  • The real estate sector contributed 14.2 percent of the Saudi GDP ranking third as the most contributing economic activity.

Unemployment will haunt Gulf in 2021

While joblessness will be a worry, the economies of the GCC countries are expected to grow by about 2.5 percent...
  • Saudi Arabia ranked first in the GCC in terms of the unemployment rate, which reached 8.2 percent of the total workforce in 2020.
  • Bahrain and Oman are struggling with rising public debts while their unemployment rates stood at 4.1 percent and 5 percent respectively.

How will new remittance rules affect Lebanon?

The new rule authorizes banks to buy dollars from fresh dollar accounts without a customer's permission.
  • Lebanon ranked third in the Arab world in receiving remittances in 2020
  • Dollars entering Lebanon in the first half of 2021 were higher by 50 percent than those over the same period in 2020

Family firms call heirs to take command

Family-owned businesses in the Middle East, estimated to be worth more than $1 trillion, have been bogged down with issues...
  • An estimated US$15 trillion assets are expected to be transferred to the heirs globally.
  • The GCC governments offer incentives to the family businesses to get enlisted in the bourses.

The most vulnerable Linux distros

Now, security solutions provider Trend Micro has said that detected millions of “security events” in Linux distributions — both in...
  • The most common security event seen in Linux systems was coinminers
  • The Linux distro with the most vulnerabilities was CentOS Linux

Expo 2020 promises a productive Q4

The sale of tickets, easing of travel restrictions and positive investment projections point to a surge in economic activity in...
  • Dubai intends to open its doors to visitors and re-establish 90 percent of its operating capacity at its airports in 2021.
  • 66 percent of Dubai business leaders expected an improvement in business conditions in 2021 Q3, compared to 51 percent in the previous quarter.

Graft, security issues feed trade in Iraq’s past

Do you want to buy a more than 3,000-year-old Sumerian tablet, listed as the property of a gentleman from Sussex...
  • The purchased antiquity may not be handed down but handed on, via smugglers and middlemen
  • Also, the ownership history of some such objects can be harder to prove

ADNOC emerging as UAE’s FDI magnet

Besides wooing $74 billion investments, the oil giant has helped the country gain the top position in the Middle East...
  • ADNOC has set its eyes on developing green hydrogen and blue ammonia products.
  • The company plans to spend $122 billion between 2021 and 2025 to develop its businesses.

Why Covid-19 jolted some Arab states?

The flaws in the health systems of some MENA countries such as Tunisia, Lebanon and Jordan, which were struggling with...
  • Tunisia's healthcare system appeared crumbling under the weight of recent infections caused by the Delta variant.
  • The Lebanese government's failure to pay dues to be public and private hospitals aggravated the Covid-19 crisis.

Saudi pupils ready to be back at school

Confined to homes for more than 18 months by the coronavirus pandemic, Saudi pupils are all set to be back...
  • Students are packing face masks along with books as they prepare to return to the classroom
  • "I’m trying to remember how life was before the pandemic, and I am looking forward to seeing my teachers and classmates again"

US Jews battle new ‘mainstreamed’ anti-Semitism

One day after hip-hop and fashion mogul Kanye West voiced a "love" for Nazis and 10 days after ex-president Donald...

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What are the GCC’s top stock exchange constituents?

What are the top constituents of stock exchanges spread across the GCC countries? Here’s our infographic.

Eid holidays boost Gulf tourism as COVID curbs ease

From overseas to the domestic circuit, the tourism industry in the Gulf Cooperation Council is witnessing a welcome resurgence, especially...

Physical security adds to digital transformation

Cybercrime has risen to the forefront of physical security concerns. And big firms are acutely aware of the problem, says...

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New trends drive Arab automotive growth

From pre-owned cars to electric vehicles, a number of trends are driving the growth of the automobile sector in countries...
  • Saudi imports of cars grew from 544,000 in 2020 to over 546,000 in 2021
  • Around 28% of those polled in the UAE said they prefer to buy a used car online

Protests, pension, pandemic mark Macron presidency

Emmanuel Macron, who had never held elected office before becoming president in 2017, has weathered several crises throughout his presidential...
  • Macron became the youngest president in French history at 39 when he saw off far-right leader Marine Le Pen in 2017
  • He is now looking to become the first French leader since Jacques Chirac in 2002 to win a second term

Should you invest in Metaverse real estate?

The economic opportunities and jobs created by the Metaverse will revolutionize how we work, socialize, play, and earn, says Sebastien...
  • Revenues from the Metaverse are estimated to grow to $800 billion in 2024
  • Metaverse plot prices rose from $100 in January 2021 to $15,000 in December 2021