A dirham and a dream: Matthews Southwest’s Jay French on future of UAE real estate
From an institutional investor-based viewpoint, it is becoming of interest more now than it ever has been. And that's a...
Interview
Samsung TV pioneer Han Jong-hee dies of heart attack at 63
Samsung Electronics co-CEO Han Jong-hee, credited with boosting the South Korean tech giant's television business on the global stage, died...
Business
Business
Telecom Egypt sells 162 million shares
The government sold a 9.5% stake for US$121.6mn.
- The North African country desperately needs privatization in order to meet a series of foreign debt obligations over the next few months
- When the two-part sale is complete, it will bring down the Egyptian government's stake in Telecom Egypt down to 70 percent from 80 percent
Business
Luxury markets embrace sustainability
The luxury markets in the GCC region are experiencing significant growth, driven by an increasing demand for high-end products. Despite...
- With increasing purchasing power and evolving consumer lifestyles, the luxury watches and jewelry market in the GCC region is expected to continue its upward trajectory
- The number of watch and jewelry collectors is growing in the GCC region, leading to an overall increase in luxury goods and related events, particularly in Saudi Arabia
Business
Saudi Arabia’s insurance sector grows by 26.9 percent in 2022
Riyadh, Saudi Arabia -- Saudi Arabia's insurance sector grew by 26.9 percent in 2022, bringing gross written premiums to SAR...
- SAMA said in the 16th Saudi insurance market annual report that health, protection and savings, and motor insurance recorded significant increases in gross written premiums.
- The penetration ratio to non-oil GDP increased from 1.91 percent in 2021 to 2.09 percent in 2022. The overall loss ratio remained unchanged at 83.4 percent in 2022.
Business
Will sponsor Emirates Labor Market Award, says Abu Dhabi Chamber
ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor...
- The award aims to recognize the efforts of leading private sector entities and outstanding individuals and highlight successful practices in the labor market.
- The Chamber plays a leading role in supporting national projects and supports increasing the labor market's productivity, efficiency and competitiveness.
Geostrategy
Iran jails eight for asking workers to strike at gas site
TEHRAN, IRAN - Iranian authorities have arrested eight people for "leading" a workers' strike at a key gas site in the...
- An official said intelligence services arrested eight main leaders of the workers' strike at a gas site in Iran's south.
- The gas site is also knows as having the world's largest reserve and employs around 40,000 people.
Economy
Dubai top Greenfield FDI destination for second time in a row
The emirate achieved an 89.5 percent year-on-year growth in 2022 and Foreign Direct Investment capital inflows of $12.79 billion. The...
- These exceptional achievements support the strategic vision outlined by the Dubai Economic Agenda D33, Sheikh Hamdan said.
- Dubai ranked first globally in attracting greenfield FDI projects in 2021, up from the third spot in 2020. It had attracted 418 freenfield FDI projects.
Business
India Jewelry Exposition Center launches in Dubai
DUBAI, UAE - The Gem and Jewelry Export Promotion Council (GJEPC) has launched a first-of-its-kind India Jewelry Exposition Center (IJEX)...
- India Jewelry Exposition Center will provide a platform for the country's MSMEs to showcase their products to the Middle East market.
- The move is a reflection of the Middle East's importance to India's gem and jewelry sector which accounts for 30 percent of its exports.
Economy
WEF meet to shed light on global economic transformation
Geneva, Switzerland - The 14th World Economic Forum (WEF) Annual Meeting of the New Champions is scheduled to take place...
- The meeting will tackle key issues concerning global companies and create and strengthen partnerships focusing on generating a positive impact.
- More than 1,500 leaders from business, government, and other global firms, along with innovators and academics, are expected to participate.
Business
Three new beaches for night swimming open in Dubai
Dubai, UAE - Dubai has given a boost to its beach tourism by opening three new beaches for night swimming...
- The 800-metre-long night-swimming beaches feature lighting systems, which enable residents and tourists to swim around the clock.
- The emirate’s wide diversity of beaches provide people the opportunity to enjoy vibrant seaside dining and diverse activities, WAM reported.
Business
Saudi Arabia strengthens ties with Estonia, Denmark in digital government
Riyadh, Saudi Arabia -- Saudi Arabia will be enhancing partnerships in the digital sector with Estonia and Denmark, according to...
- Despite its small size, the 21-year-old digital transformation in Estonia has made it a model for other nations looking to digitalize their economies and governmental institutions.
- Governor of DGA Ahmed Mohammed Al-Suwayan led a delegation of Saudi officials who held several meetings with their counterparts in Estonia and Denmark.
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
A dirham and a dream: Matthews Southwest’s Jay French on future of UAE real estate
From an institutional investor-based viewpoint, it is becoming of interest more now than it ever has been. And that's a...
Interview
Company News
Latest News
Fit at 40: the revolutionary Apple Mac in numbers
Paris, France - Forty years ago Steve Jobs revolutionised personal computing by launching the Apple Macintosh, the first PC with a...
Business
Do Kwon’s Terraform Labs files for US bankruptcy
Kwon, who co-founded Terraform in 2018, was arrested last year in Montenegro and is awaiting extradition to the United States...
Business
SABIC to build petrochemical plant in China
The Saudi giant will develop the US$6.4bn plant in Fujian.
Business
Most Read
Business
Qatar Chamber discusses ways to boost ties with Korean companies
Doha, Qatar--The Qatar Chamber (QC) discussed ways to enhance cooperation and exchange expertise with Korean companies in agriculture and food...
- The discussion between the chambers and Hyundai Research Institute (HRI) centered upon ramping up ties in the agriculture sector
- A chamber official emphasized the status of Qatar as a leading investment destination and how it can become a hub for food security
Market Report
GCC at the forefront of 2024 sukuk market expansion
This year, emerging markets, led by the UAE, issued record bonds against declining yields and expected rate cuts by major...
- This year, emerging markets, led by the UAE, issued record bonds against declining yields and expected rate cuts by major central banks.
- According to Kamco Invest, this surge is driven by a combination of factors including geopolitical tensions and evolving economic challenges.
Business
Quiet and not-so-quiet luxury at Paris Fashion Week
PARIS, FRANCE - The Paris Fashion Week menswear shows draw to a close on Sunday. Here are some of the highlights...
- Celebrity presence has always been a big part of the fashion game, with sporting tie-ups playing an increasingly big role.
- New York label KidSuper scored big by convincing Brazilian footballer Ronaldinho to walk the catwalk.