AI, wealth management and trust: Could machines replace human advisors?
The future of wealth management lies in hybrid models, combining AI’s data-driven precision with human empathy and ethical oversight. While...
Economy
Humanity’s future is increasingly inseparable from AI
Private sector, governments, and nonprofits must invest in AI education, Jason Alan Snyder tells TRENDS in an exclusive interview.
Economy
Economy
Abu Dhabi economy grows fastest in MENA region at 10.5%
The emirate has launched a number of initiatives in recent years as it focuses on diversifying its economy away from...
- The emirate has launched a number of initiatives in recent years as it focuses on diversifying its economy away from oil
Economy
Atkins wins delivery partner role in Saudi futuristic city
Riyadh, Saudi Arabia--Atkins has been appointed as a delivery partner organization for what Saudi Arabia terms as "The Line" in...
- A linear development, The Line, once completed, will be 170 km long and only 200 m wide cognitive city run on 100% clean energy
- The development’s infrastructure will be embedded with sustainable smart technology containing essential utilities and transportation services
Economy
Lebanese pound drops to new low against dollar
With Lebanon's political and economic crisis showing no signs of abating, its currency on Wednesday hit a record low against...
- The UN says the depreciation has already translated into a surge in fuel prices in a country where 80 percent of the population lives below the poverty line
- Supermarkets have even stopped putting price labels on food items because of the constantly skyrocketing prices
Cash-strapped Egypt sells state assets to Gulf nations
Experts say the deals could be a win-win for all sides, but unlike old Gulf largesse of unconditional aid, the...
- In under a year, the Egyptian pound has lost half of its value, propelling annual inflation in the import-dependent country to 26.5 percent in January
- Of the $34.2 billion in Cairo's foreign reserves – a 20 percent drop from February 2022 - some $28 billion are deposits from wealthy Gulf allies
Economy
UN pleads for US$397 million to support Syria earthquake victims
United Nations, US--The United Nations launched an appeal for $397 million on Tuesday to help earthquake victims in Syria, where the...
- Secretary-General Antonio Guterres said the funds would bring "life-saving relief" for nearly five million Syrians and would cover a period of three months
- The United Nations has already provided $50 million through its central emergency response fund
Economy
UAE and Kuwait link up traffic systems
Abu Dhabi, UAE--Abu Dhabi today announced the inauguration of the bilateral linkage of the traffic systems between the UAE and...
- The Kuwaiti delegation was briefed on the Security Support Operations Room of the General Directorate of Security Support
- The linkup of traffic systems would be completed within an integrated Gulf project aimed at exchanging information, unifying procedures and facilitating the services
Economy
Private sector has potential to support govts, global organisations, says UNICEF Director
“Large numbers of boys and girls being out of school since the pandemic, failing to resuming their education as quickly...
- The world needs massive attention across the public and private sector to efficiently address the successive crises besetting the globe, says a key UN official
- Private sector must bring its core assets to the table to support the governments and international organizations, adds UNICEF Director Carla Haddad Mardini
Infographics
Egypt ranks globally fifth in remittances
Although the remittances grew by an estimated 5 percent in 2022, they were lower than the 10.2 percent increase in...
- Remittances to low- and middle-income countries withstood global headwinds in 2022, growing an estimated 5 percent to $626 billion.
- The growth was, however, lower than the 10.2 percent increase in 2021, World Bank Migration and Development Brief said in a report in Nov 2022.
Market Report
London FTSE hits new record peak at open
LONDON, UK - The London stock market jumped to a record peak Tuesday in a positive open across Europe, after hefty...
- The British capital's benchmark FTSE 100 index of top companies reached as high as 7,986.20 points.
- In the eurozone, Frankfurt's DAX added 0.2 percent to 15,428.55 points and the Paris CAC 40 grew 0.3 percent to 7,231.64.
Economy
Most Asian markets track Wall St rally ahead of US inflation data
The consumer price index is forecast to have dipped to 6.2 percent last month from 6.5 percent in December, according...
- After a bright January, traders have endured a shaky couple of weeks as they contemplate more Federal Reserve interest rate hikes aimed at cooling a still-robust economy
- The main blow came from jobs report earlier in the month that led central bank officials to insist they will keep tightening monetary policy until prices are brought under control
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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
AI, wealth management and trust: Could machines replace human advisors?
The future of wealth management lies in hybrid models, combining AI’s data-driven precision with human empathy and ethical oversight. While...
Economy
Company News
Latest News
UAE ranks first in Middle East, 4th globally as remote work destination
Dubai, UAE -- The UAE has ranked first in the Middle East and fourth globally as a leading destination for...
Economy
Innovative solutions crucial for marine conservation
The MENA Oceans Network, launched at the COP28, marks a pivotal step in addressing urgent ocean-related challenges in the region,...
COP28 UAE
Plan to end e-vehicle subsidies sparks anger in Germany
BERLIN, GERMANY - The German government on Sunday faced a backlash after abruptly ending an electric car subsidy scheme in a...
Geostrategy
Most Read
COP28 UAE
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...
- At COP28, a significant focus was placed on climate finance, with the establishment of a Loss and Damage Fund to aid developing countries.
- Antoine Samaha of BCG underscores the urgency of securing more funds and ensuring its equitable distribution to combat climate change.
Economy
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...
- Many people, lawyers or teachers, have joined hands to help Arab-Israeli farmers in the harvest as there is a shortage of labor force because of the war
- Volunteers were picking cucumbers, placing seedlings on stakes, and were preparing for the strawberry harvest when the rains interrupted them
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...
- Dubai's tourism sector plays a pivotal role in the city's economy, with a record 13.9 million visitors in 2023.
- Under the D33 Agenda, Dubai is not only advancing in tourism but also focusing on sustainability,