UN says Gaza faces worst economic crisis, needs $71.5 billion for recovery
The United Nations Conference on Trade and Development (UNCTAD) 92% of its economic establishments damaged or destroyed and more than...
Geostrategy
SpaceX launches two Falcon 9 rockets 38 minutes apart
SpaceX launched two Falcon 9 rockets from opposite US coasts just 38 minutes apart on Saturday, setting a new launch...
Geostrategy
Opinion
Cyber resilience is more than recovering from an attack
The question is no longer if an organization will experience a cyber incident. It is how well it will respond...
- Organizations increasingly adopt "assume breach" strategies, prioritizing detection, response and recovery alongside traditional preventive cybersecurity investments today.
- AI and automation accelerate threat detection and recovery, while boardrooms increasingly measure cybersecurity through business resilience outcomes instead.
Economy
UAE records solid first-quarter growth as non-oil sectors account for nearly 80% of GDP
Real GDP rose to $132.0 billion at constant prices in the January-March period, while non-oil GDP expanded 4.8 percent, increasing...
- Finance, construction and technology-led industries powered growth despite regional challenges, underscoring resilience of the diversified economy.
- Real estate activities grew 4.8 percent, public administration, defence and compulsory social security rose 4.5 percent, while wholesale and retail trade expanded 2.6 percent.
Research
Saudi mega-projects could generate 35% of power needs through on-site renewables
A BCG report says rooftop solar and decentralized renewable systems can lower electricity costs, reduce emissions and help developers meet...
- Study says early renewable integration avoids costly retrofits while improving long-term project returns through flexible financing options.
- Report highlights Saudi regulatory reforms and strong solar resources as key drivers accelerating renewable adoption across urban developments.
Business
Kuwait’s annual inflation rises 2.19 percent in June
Dubai, UAE -- Kuwait's consumer price index (CPI), a key measure of inflation, increased by 2.19% year-on-year at the end...
- The Central Statistical Bureau (CSB) said the annual inflation rate was mainly attributed to increases in the prices of food, healthcare, clothing and education.
- The food and beverages group recorded the highest annual increase, rising 5.55% compared with June 2025.
Economy
UAE non-oil trade reaches record $527 billion in H1, says Al Zeyoudi
The milestone reflected the success of the UAE's strategy to build a diversified, competitive and open economy while strengthening its...
- He said the performance demonstrated continued international confidence in the UAE economy despite global headwinds and regional geopolitical tensions.
- Al Zeyoudi attributed the growth to the country's expanding trade relationships, supported by its Comprehensive Economic Partnership Agreement (CEPA) programme.
Business
OpenAI limits release of new model after US government request
Dubai, UAE --Â ChatGPT developer OpenAI is restricting access to its latest artificial intelligence (AI) model at the request of...
- OpenAI launched a limited preview of its GPT-5.6 models after a request from the US government before wider release.
- The preview includes Sol, Terra and Luna models, initially available only to a small group of trusted partners.
Geostrategy
AI to cancer vaccines: Emerging technologies edge closer to large-scale adoption
World Economic Forum's Top 10 Emerging Technologies Report 2026, developed alongside the Dubai Future Foundation, has identified 10 technologies that...
- Advances in healthcare, energy and manufacturing increasingly depend on infrastructure, deployment capacity, regulation and public adoption.
- Among the technologies identified are everything-to-grid energy systems, direct lithium extraction and precision fermentation.
Economy
Bain identifies four priorities for sovereign wealth funds as assets approach $30 trillion
State-backed investors are expanding beyond traditional investment models, increasing exposure to alternatives, AI and direct deals while balancing returns with...
- Top 10 sovereign wealth funds hold more than 75% of global assets.
- Sovereign wealth funds reached about $15 trillion in assets under management in 2025.
Economy
Saudi Arabia rises to 13th in global competitiveness rankings
The Kingdom ranked 13th out of 70 economies assessed in the annual report, improving from 17th place a year earlier...
- The report attributed the improvement to stronger performance across all four of its pillars: economic performance, government efficiency, business efficiency and infrastructure.
- Overall, Saudi Arabia ranked among the global top 10 in 74 of the report's 262 indicators.
Economy
Saudi Arabia’s inflation rises to 1.8 percent in May on higher rents
Dubai, UAE -- Saudi Arabia’s annual inflation rate rose to 1.8% in May 2026, up from April, as higher housing,...
- The cost-of-living index increased to 105.3 points in May from 103.5 points a year earlier.
- GASTAT said the rise was driven primarily by a 3.7% year-on-year increase in housing, water, electricity, gas and other fuels, reflecting a 4.7% rise in rents.
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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
UN says Gaza faces worst economic crisis, needs $71.5 billion for recovery
The United Nations Conference on Trade and Development (UNCTAD) 92% of its economic establishments damaged or destroyed and more than...
Geostrategy
Company News
Global economy stabilizes as fiscal room narrows, WEF says
Expo 2020 DUBAI
Latest News
IMF says Omicron could slow global growth
According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.
Qatar takes key step to control own airspace
Qatar said on Tuesday that it has been given a preliminary green light by a UN body on a proposal...
G20 ministers set to green light global tax reform
Finance ministers from the G20 richest nations are expected to give the green light Saturday to a historic deal to...
Saudi Arabia to generate $150 billion in investments from its new transport policy
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...
Saudi Arabia to create 40,000 jobs for its nationals
Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi...
Saudi mega-projects could generate 35% of power needs through on-site renewables
A BCG report says rooftop solar and decentralized renewable systems can lower electricity costs, reduce emissions and help developers meet...
Research
Kuwait’s annual inflation rises 2.19 percent in June
Dubai, UAE -- Kuwait's consumer price index (CPI), a key measure of inflation, increased by 2.19% year-on-year at the end...
Business
UAE non-oil trade reaches record $527 billion in H1, says Al Zeyoudi
The milestone reflected the success of the UAE's strategy to build a diversified, competitive and open economy while strengthening its...
Economy
Most Read
Geostrategy
AI to cancer vaccines: Emerging technologies edge closer to large-scale adoption
World Economic Forum's Top 10 Emerging Technologies Report 2026, developed alongside the Dubai Future Foundation, has identified 10 technologies that...
- Advances in healthcare, energy and manufacturing increasingly depend on infrastructure, deployment capacity, regulation and public adoption.
- Among the technologies identified are everything-to-grid energy systems, direct lithium extraction and precision fermentation.
Economy
Bain identifies four priorities for sovereign wealth funds as assets approach $30 trillion
State-backed investors are expanding beyond traditional investment models, increasing exposure to alternatives, AI and direct deals while balancing returns with...
- Top 10 sovereign wealth funds hold more than 75% of global assets.
- Sovereign wealth funds reached about $15 trillion in assets under management in 2025.
Economy
Saudi Arabia rises to 13th in global competitiveness rankings
The Kingdom ranked 13th out of 70 economies assessed in the annual report, improving from 17th place a year earlier...
- The report attributed the improvement to stronger performance across all four of its pillars: economic performance, government efficiency, business efficiency and infrastructure.
- Overall, Saudi Arabia ranked among the global top 10 in 74 of the report's 262 indicators.