Tech and sustainability drive Singapore’s smart tourism vision
To realize its vision for “smart tourism”, Singapore Tourism Board is leveraging cutting-edge technologies like artificial intelligence, data analytics, and...
Interview
UAE’s real GDP increases by 3.8% during first nine months of 2024
Dubai, UAE -- The UAE’s real GDP increased by 3.8 percent during the first nine months of 2024 compared to...
Economy
Economy
Saudi Arabia, Costa Rica to expand trade and investment ties
Riyadh, Saudi Arabia-- Saudi Arabia and Costa Rica have signed agreements to increase the volume of trade and investment between...
- Saudi Chambers and the Costa Rican Export Authority signed two agreements in the field of economic cooperation and the establishment of a joint business council
- Saudi Chambers Vice President Badr bin Suleiman Al-Ruzaiza said there has been a steep growth of 59% in the volume of trade exchange between the two countries
Infographics
Qatar, UAE lead Gulf region in governance, growth
TRENDS tries to look at where Arab countries stand in terms of politics, governance and economies, in the latest the...
- TRENDS tries to look at where Arab countries stand in terms of politics, governance and economies, in the latest the Bertelsmann Stiftung’s Transformation Index
- In past 10 years, the quality of democracy has declined in nearly one in five democracies, including in regionally important and once-stable democracies, the index points out
Business
PwC, Microsoft expand partnership for digital transformation in Saudi Arabia
DUBAI, UAE - PwC Middle East and Microsoft have strengthened their global partnership at LEAP event in Riyadh, to support...
- The collaboration will focus on cloud transformation, business process automation and technology consulting.
- The partnership aims to strengthen businesses by providing access to cloud services that are scalable and secure.
Business
DIFC achieves high growth in 2022, driven by fintech, innovation
DUBAI, UAE - Dubai International Financial Center (DIFC) continued to grow at a record-breaking pace in 2022 with the number...
- New companies registered in DIFC in 2022 surpassed the annual milestone of 1,000 for the first time in the Center's history.
- In 2022, DIFC’s combined revenue exceeded US$272 million for the first time.
Economy
Lebanon’s central bank chief not to renew his term
Riad Salameh, who became the head of the central bank in 1993, has come under increased scrutiny both at home...
- Salameh, who became the head of the central bank in 1993, has come under increased scrutiny both at home and abroad
- The collapse has locked most savers out of their bank accounts and pushed more than 80 percent of Lebanon's population below the poverty line
Economy
Algeria allocates $1 billion for development projects in Africa
The decision of the Algerian President was announced in a speech read by Prime Minister Aimene Benabderrahmane at the annual...
- Tebboune said the agency's approach was based on Algeria's conviction that "security and stability in Africa are linked to development
- Algerian Agency of International Cooperation for Solidarity and Development would coordinate with African nations seeking to benefit from the initiative
Economy
Oil prices little changed in early Asian trade
The benchmarks closed lower by about 4 percent last week after the United States reported higher crude and gasoline inventories.
- The benchmarks closed lower by about 4 percent last week after the United States reported higher crude and gasoline inventories
- US also announced plans to release 26 million barrels of crude from the Strategic Petroleum Reserve which could lead to higher stockpiles at Cushing, Oklahoma
Economy
Sharjah Electricity, Water and Gas Authority installs 23,000 smart meters
Sharjah, UAE--Sharjah Electricity, Water and Gas Authority (SEWA) has completed the installation of 23,000 new smart meters in 2022 and...
- The new smart meters apart from being accurate give accurate readings free from errors, as well as rationalising energy consumption
- Dr. Hassan Al Zarouni, Director of the Electricity Distribution Department, said the installation of smart meters is part of the strategy towards digital transformation
Dubai Can initiative cuts single-use plastic bottle usage by over 7mn
The success of the initiative is reflected in the fact that Dubai Can has been widely adopted in the city.
- The success of the initiative is reflected in the fact that Dubai Can has been widely adopted in the city
- Dubai Can has placed water fountains in strategic places across the city, including public parks, beaches, and popular tourist destinations
Economy
Moroccans take to the streets to protest high cost of living
Defying a government ban against marches, scores of Moroccan trade union activists protested on Sunday in the capital Rabat and...
- The authorities have banned marches due to a "health state of emergency" put in place during the Covid-19 pandemic and still in force
- Prime Minister Aziz Akhannouch has promised to "strengthen market control" and lower prices in the coming days
Most Read
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
Tech and sustainability drive Singapore’s smart tourism vision
To realize its vision for “smart tourism”, Singapore Tourism Board is leveraging cutting-edge technologies like artificial intelligence, data analytics, and...
Interview
Company News
Latest News
COP28 initiatives to narrow climate finance disparity
Antoine Samaha of BCG applauds the launch of a Loss and Damage Fund for developing countries, emphasizing the need for...
COP28 UAE
Volunteers offer help to Arab-Israeli farmers amid Gaza war
Baqa al-Gharbiya, Israel--In Baqa al-Gharbiya, an hour's drive from Haifa, city folk have temporarily traded pens for boots to aid farmers...
Economy
D33 Economic Agenda helps Dubai’s tourism thrive
“Dubai’s robust partnerships with leading travel and hospitality companies are key to fostering the growth of this crucial sector, both...
Economy
Most Read
YEARENDER
GCC soars in global space race with key advancements
Saudi Arabia's new Saudi Space Agency and first ISS mission, coupled with UAE's Hope Probe and lunar projects, underscore their...
- Saudi Arabia's new Saudi Space Agency and first ISS mission, coupled with UAE's Hope Probe and lunar projects, underscore their rising status in global space sector.
- Bahrain's development of its first satellite and Kuwait's CubeSat initiative underscore the Gulf region's commitment to space technology and research.
Economy
Eurozone business activity continues downward trend in December
BRUSSELS, BELGIUM - Business activity in the eurozone slumped at a faster rate in December, weighed down by a deeper downturn...
- The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global fell to 47 in December from 47.6 in November.
- A figure below 50 indicates contraction and the risk of recession in the 20-nation single currency area remains, analysts warned.
Economy
‘Double efforts to tackle labor market challenges’
"The digital economy represents a clear path to employment opportunities. Additionally, exploring other avenues, such as the green economy, is...
- Employment rates for young men and women in the Arab region are around 26 percent, says International Labor Organization Director-General Gilbert F. Houngbo.
- He also highlights the significant challenges currently intensified by climate change, rapid technological advancements, demographic shifts, and geopolitical tensions.