Fuel to Air India jet engines cut off moments before crash: probe
New Delhi, India - Fuel control switches to the engines of an Air India flight that crashed shortly after takeoff,...
Analysis
Israel-Gaza conflict creates global economic ripples
As Israel grapples with the surprise Hamas action and global community gauges economic ramifications, the future of Israel's relations with...
Analysis
Business
Taxation and confiscation to rein in crypto market
Last few years have seen a lot of tension between governments and central banks around the world, on the one...
- Concerns are rising that these currencies could be used to fund illegal actions and for money laundering.
- Several countries have taken strict measures to crack down on the industry that is viewed with suspicion uniformly across the world.
Geostrategy
Male candidates sweep Qatar’s first legislative polls
Male candidates were elected in all 30 of the seats up for election despite 28 women initially being cleared to...
- Women candidates fail to break through in Qatar vote for the Shura Council
- It is not known when the appointments will be announced, or when the council will meet
Research
Semiconductor shortage slows down GCC auto sector
Auto exports to the region are likely to suffer for the next more than a year due to an estimated...
- Toyota Middle East has pledged it would do its best to avoid inconvenience to customers waiting for delivery of vehicles.
- On an average, a car needs around 1400 chips. Electric vehicles utilize even more.
Videos
Watch: Saudi GDP to grow faster than expected in 2021
The global drop in oil prices, along with the pandemic and related issues, had dealt quite a blow to the...
- The Saudi economy grew 1.8 percent in Q2 of 2021
- This was the second time it had risen since Q2 2019
Analysis
Gulf aviation sector maintains regional lead
Several airports in the region have announced plans to expand their airports to meet the expected growth in travel demand.
- Experts see up to 40 percent rise in premiums in the next two to three years.
- The total number of passengers traveling through DXB in the first five months of 2021 was around 9.9 million.
Analysis
The Grand Renaissance Dam: Egypt’s Nile nemesis
Ethiopia's refusal to sign a binding agreement on the dam has dashed hopes of a settlement with Egypt and Sudan.
- Egypt's area under agriculture could lose by up to 72 percent in case of short filing of the dam.
- Ethiopia has said earlier treaties on Nile waters have undermined its rights and the dam will help in the country's development.
Analysis
GCC insurance firms battle pandemic woes
It has been a roller coaster ride for insurance companies in the GCC countries and the health care sector since...
- Experts see up to 40 percent rise in premiums in the next two to three years.
- Abu Dhabi-based Daman Insurance looking at new markets such as Kuwait and Bahrain.
Investigation
MENA firms: The public-private games go on
Two key Dubai firms — Dubai parks operator DXB Entertainments and Dubai ports operator DP World — have de-listed from...
- Companies in MENA region, once enticed by the prospect of growth, looked to be listed on global exchanges
- However, mandates like following transparency norms are putting them off even further
Analysis
‘Cyber pandemic’ grips UAE, Saudi Arabia
The Covid-19 pandemic has acted as a force multiplier for existing cyber threats while giving birth to a whole new...
- UAE has witnessed a 250 percent increase in cyberattacks, phishing and ransomware in 2020.
- Saudi Aramco and the US firm Raytheon to provide cyber-security services in Saudi Arabia and beyond.
Why Golden Residency is not a privilege
Global economic transformation has pushed governments to implement various programs and reform investment rules to make them more flexible to...
- The UAE is the only Middle Eastern country that issues Golden Visas.
- In 2010, the first golden visa program was launched in Latvia.
Fuel to Air India jet engines cut off moments before crash: probe
New Delhi, India - Fuel control switches to the engines of an Air India flight that crashed shortly after takeoff,...
Analysis
Company News
Reforms crucial to revive pandemic-hit culture sector
Arts & Culture
Saudi Index at lowest levels since January
Market Report
Latest News
Dare to be different to make positive change: Joumana
Arts & Culture
More deals in sight as UAE-France ties strengthen
The past years witnessed the signing of dozens of agreements and memoranda of understanding between the two countries in various...
Analysis
Fear of global slowdown worries Gulf economies
The global economic stagnation is expected to impact the GCC growth due to the decline in industrial and economic activities...
Economy
Apex banks under pressure to deliver lower inflation
The world economies are staring at the deep recessions and more financial instability. If inflation does not moderate significantly over...
Analysis
Most Read
Business
MENA gaming sector plays well with new technologies
The region's gaming industry is estimated to be worth $5 billion by 2025 with Saudi Arabia and the UAE leading...
- The region's gaming industry is estimated to be worth $5bn by 2025 with Saudi Arabia and the UAE leading the growth closely followed by Egypt and Qatar
- Although a spike in gaming consumption was driven by the pandemic, sustained growth is expected owing to a combination of factors, says market players
Market Report
Saudi Index at lowest levels since January
Saudi Stock Exchange's general index fell by nine points. Abu Dhabi market was below 9,200 points, Dubai market rose above...
- The Saudi Stock Exchange's general index recorded its lowest level since January and ended the week down by nine points
- The Dubai market managed to rise above 3200 points, supported by a rise in real estate and investment shares, during the week
Analysis
Growth likely to vary across regions and geographies
While the global economy has been slowing down, the picture looks very different across regions and geographies. This is based...
- While the global manufacturing PMI is still comfortably within expansionary territory, there are signs of a slowdown or even reversal of economic activity
- Nevertheless, different growth patterns can be observed across regions and geographies, a latest report by Qatar National Bank (QNB) has highlighted.