70% Saudization for project management jobs from February 2027
Saudi Arabia's Ministry of Human Resources and Social Development (HRSD), in partnership with the Ministry of Municipalities and Housing (MOMAH),...
Economy
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
Economy
How Viet Nam’s informal waste workers are leading the plastic pollution fight
Behind nearly 90% of all plastic recycled in Viet Nam is someone like Ms Nguyen Thi Kenh or Ms Nguyen...
- In the Vietnamese capital, Hanoi, nearly 10,000 women collect plastics for recycling, part of an army of informal waste workers
- Viet Nam accounts for 1.8 million tonnes of plastic waste annually, with about 27% of that recycled, making the country a potential leader in tackling the problem
Economy
Fed governor calls for rate cut at September policy meeting
A governor of the US Federal Reserve, Christopher Waller, said Thursday that the central bank should lower its key interest...
- US Federal Reserve, Christopher Waller enthusiasm echoes President Donald Trump's eagerness to cut the rate that is central to US banking and borrowing
- For months the Republican president has called for the cut repeatedly, despite resistance from current Fed chairman Jerome Powell
Economy
Saudi Bank credit grows by over 116 billion in one year by June 2025
Riyadh, Saudi Arabia - Bank credit extended to the public and private sectors in the Kingdom continued its upward trend,...
- The total bank credit also recorded a quarterly growth of 2.7% by the end of the second quarter of the current year
- Every month, bank credit rose by 0.6% with an increase of USD 4.99 billion (SAR 18,713 million) compared with May 2025, when it stood at USD 844.68 billion (SAR 3,167,558 million)
Economy
25 countries suspend postal services to United States over tariffs: UN
The Trump administration said late last month that it will abolish a tax exemption on small packages entering the United...
- The move has sparked a flurry of announcements from postal services, including in France, Britain, Germany, Italy, India, Australia and Japan.
- The United Nations' Universal Postal Union said he suspensions will remain in place until there is more clarity on how US authorities plan to implement the announced measures.
Economy
Saudi non-oil exports increase by 17.8 percent in second quarter
Riyadh, Saudi Arabia -- Saudi Arabia’s non-oil exports rose by 17.8 percent in the second quarter of 2025, according to...
- The increase included a 46.2 percent rise in re-exports, while national non-oil exports excluding re-exports grew by 5.6 percent.
- In Q2 2025, a 15.8 percent decline in oil exports dragged total merchandise exports down by 7.3 percent year-on-year.
Economy
Egyptian farmers behind world’s perfumes face climate fight alone, yield drops by half
For years, Egyptian jasmine picker Wael al-Sayed has collected blossoms by night in the Nile Delta, supplying top global perfume...
- As temperatures rise the flowers bloom less and daily harvest has dropped from six kilograms to just two or three in the past two years
- With the Nile Delta also vulnerable to the rising Mediterranean water levels, which affect soil salinity, jasmine farmers are on the front line of a heating planet
Economy
Israeli bulldozers uproot hundreds of trees in West Bank village, most of them olive trees
"The goal is control and forcing people to leave. This is just the beginning -- it will expand across the...
- Abdelatif Mohammed Abu Aliya, a local farmer from the village near Ramallah, said he lost olive trees that were over 70 years old on about one hectare of land
- "They completely uprooted and levelled them under false pretences," he said, explaining he and other residents had already begun replanting the pulled-up trees
Economy
Creators HQ attracts 2,415 active members from 147 countries with combined following of over 2 billion
Dubai, UAE – Creators HQ, the first headquarters for content creators in the UAE and the Middle East, has seen...
- Creators HQ also brings together content creators and industry leaders worldwide to amplify their impact, develop their work, and support the sustainability
- In addition, it attracted 78 global companies in the content sector from 24 countries to relocate to the UAE, with the UK, Pakistan, the US, India, France, leading the list
Economy
India’s Modi dangles tax cuts as US tariffs loom
Mumbai, India -- Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of...
- The prospective measure has clouded the outlook for the world's fifth-largest economy, with Indian exporters warning of plunging orders and severe job losses.
- His proposed cuts to the goods and services tax (GST) would make everything from small cars to air conditioners cheaper for consumers, economists say.
Science
Austrian university develops technique to renew buildings without demolition
Vienna, Austria - A research team from Graz University of Technology in Austria has succeeded in developing an innovative fastening...
- The system enables the connection and disassembly of building components with ease, allowing the separation of long-term structural elements from shorter-lived components
- The project won the gold medal in the scientific research competition under the sustainability category and is regarded as a pioneering step towards smart construction
70% Saudization for project management jobs from February 2027
Saudi Arabia's Ministry of Human Resources and Social Development (HRSD), in partnership with the Ministry of Municipalities and Housing (MOMAH),...
Economy
Company News
Battle of the Tech Hubs
Economy
Latest News
The trillion-dollar paradox in GCC venture capital markets and exits
Despite trillions managed by GCC sovereign wealth funds, late-stage venture capital remains scarce, leaving startups stranded between early traction and...
Economy
We are witnessing the rise of a maturing Web3 world: Nicole Valentine
The world has known the Middle East for its oil. But a new fuel is taking the main stage: knowledge,...
Interview
Six Middle East cafés feature in the world’s 100 best coffee shops 2026 list
Six coffee shops from the Middle East have secured places in The World’s 100 Best Coffee Shops 2026 list, highlighting...
Business
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Business
UAE launches first 7-year Islamic Treasury Sukuk worth $150 million
Abu Dhabi, UAE -- The UAE Ministry of Finance said on Sunday it had launched its first-ever seven-year tranche of...
- The new tranche attracted strong demand amounting to approximately 3.1 billion dirhams, nearly six times the issuance size.
- Total bids reached 5.88 billion dirhams, representing an oversubscription ratio of 5.3 times.
GCC as the bridge in a fragmented global ad tech market
S4 Capital founder Martin Sorrell tells TRENDS digital dominance, AI disruption and consolidation are reshaping global advertising, urging agile, tech-first...
- The industry is effectively “two industries” — a fast-growing digital sector and a declining traditional media business — Martin Sorrell told TRENDS
- CMOs should stop experimenting with AI and move to full-scale implementation, radically reorganising workflows and cutting creative costs, he adds
Interview
Startups need more than funding: they need an ecosystem
Drew Propson, Head of Technology and Innovation in Financial Services at the World Economic Forum, explains how sustainable growth, AI...
- The UAE’s Vision 2031 and Saudi Vision 2030 are clear calls to action that outline not just ambition, but execution.
- The third quarter 2025 marked the fourth consecutive quarter with over $90 billion in funding, something not seen since early 2022.