Ramadan drives MENA online shopping boom, UAE takes the lead
As Eid Al-Fitr approaches, online shopping is expected to reach new heights, with anticipated growth in categories like flowers, cakes,...
Economy
Dubai, Abu Dhabi real estate market thrives in Q1 2024
“2024 has opened up to an interesting and promising phase of growth within our sector. As proptech leaders, we can...
Economy
Geostrategy
Iran signals approval for Turkey’s military operation in Syria
Iran's foreign minister signaled that Tehran would not oppose a new proposed Turkish military operation targeting outlawed Kurdish militants in...
- Erdogan has said he expects Turkey's allies to "understand and respect" the proposed military campaign
- Turkish president has confirmed that the offensive on Syria would begin "as soon as our preparations are finished"
Economy
Easy Metaverse norms to keep region ahead
The Gulf countries still need to develop more laws since the use of Metaverse and Blockchain will expand in only...
- There is a need for assessing the role and impact of Metaverse and Blockchain in the GCC region, says MILLION CEO Julien Hawari
- GCC countries still need to develop more laws since the use of Metaverse and Blockchain will expand in only some regions, he adds
Business
Turkey supplies combat drones to Ukrainian army
Turkish drone-manufacturer Baykar, which has President Recep Tayyip Erdogan's son-in-law as one of its directors, offered three of its drones...
- Turkey has never announced any military aid to Ukraine, but this delivery could hardly take place without Erdogan's endorsement
- Ukraine has already said that the Turkish drones it had at the start of the war had proved their worth against the Russian forces
Economy
Beside oil, pilgrims help KSA economy boost revenues
The Haj season enhances Saudi Arabia’s political and religious prestige while contributing to its annual revenue of around $8 billion...
- The Haj season enhances Saudi Arabia’s political and religious prestige while contributing to its annual revenue of around $8 billion and creating thousands of jobs
- By 2030, the kingdom aims to raise pilgrim capacity to 30 million, eyes more than $150 billion in revenue and creation of over 100,000 new jobs
Geostrategy
Saudi-Italian space agencies ink pact on cooperation
The Saudi Space Commission and the Italian Space Agency sign a memorandum of understanding for enhancing cooperation in the field...
- Saudi Space Commission, Italian Space Agency sign an MoU to enhance cooperation in space-related activities for peaceful purpose
- Federation of Saudi Chambers and General Confederation of Italian Industry ink an MoU to establish a joint Italian-Saudi business council
Business
Qatari private exports value surge by 46 percent in Q1 2022
Qatar Chamber (QC) said in its quarterly report that the export value of private sector in Q1 2022 hiked to...
- During Q1 2022, Asian countries (except GCC and Arab countries) received 50.4 percent of total exports valued QAR 3.89 billion.
- India was the top business partner receiving exports valued around QAR 1.79 billion representing 32.2 percent of total exports.
Infographics
MENA nations make some ‘genuine progress’
Several MENA countries have fared well on all three domains of the Genuine Progress Indicator, which has been hailed as...
- The GPI nets the positive and negative results of economic growth to examine whether or not it has benefited people overall.
- GPI incorporates environmental and social factors which are not measured by GDP.
Economy
UAE’s Ministry of Energy and Infrastructure wins DACA Awards
The UAE Ministry of Energy and Infrastructure received the 'Sustainability Leader in Shipping' award and a 'Decarbonization Champion in Power...
- The UAE Ministry of Energy and Infrastructure was received the Sustainability Leader in Shipping award
- The ministry also got a Decarbonization Champion in Power Sector award during the Decarbonization and Climate Action Awards
Economy
8 conciliators in economic disputes sworn in at Abu Dhabi
Eight members of the first batch of conciliators in economic disputes and consumer complaints were sworn in at Abu Dhabi....
- The first batch of 8 conciliators in economic disputes and consumer complaints were sworn in
- The conciliators will begin their duties in the Abu Dhabi Department of Economic Development
Alpha Dhabi’s ‘W Solar’ to invest in Libya renewable energy
The company, a subsidiary of Alpha Dhabi Holding, signed an MoU with the General Electricity Company of Libya.
- The company, a subsidiary of Alpha Dhabi Holding, signed an MoU with the General Electricity Company of Libya
- By 2030, Libya aims for 22 percent of electricity generation to come from renewable energy
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
Ramadan drives MENA online shopping boom, UAE takes the lead
As Eid Al-Fitr approaches, online shopping is expected to reach new heights, with anticipated growth in categories like flowers, cakes,...
Economy
Company News
Latest News
ACWA Power okays dividend
Business
‘Saudi Arabia emerges as a leader in digital economy’
"Today, the Kingdom takes pride in its advanced technological sector, which has solidified its regional and global position as a...
Economy
GCC chief highlights private sector’s role in sustainable Gulf economy
Manama, Bahrain--GCC Secretary-General Jassim Al-Budaiwi has emphasized the crucial role of the private sector in ensuring a sustainable and resilient...
Economy
Kuwait unveils economic reform program, to focus on diversification
Kuwait City - Kuwait has announced a comprehensive economic reform plan for 2023-2027 to address various challenges facing the country’s...
Economy
Most Read
Geostrategy
IsDB to finance projects worth US$800m in member states
JEDDAH, SAUDI ARABIA - The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved to finance projects...
- The aid will contribute to ameliorate the socio-economic challenges faced by the people and will help in achieving significant SDG targets.
- IsDB had made an emergency intervention to support the communities affected by the conflict in Sudan.
Economy
Inflation in Egypt hits record high of nearly 40 percent, says government
Annual inflation in Egypt hit 39.7 percent in August, official figures showed, an all-time high for the country as it...
- Food and drink prices in Egypt alone registered a 71.9 percent increase compared to August 2022, state statistics agency CAPMAS said.
- Even before the current crisis, 30 percent of Egyptians were living below the poverty line, according to the World Bank.
Economy
Mega projects bet high on diversified future
This TRENDS infographic dives into Saudi Arabia’s ambitious transformation to discover how the Kingdom is reshaping its future with high...
- Saudi Arabia has allocated $250 billion in construction contracts since 2016 as part of its Vision 2030 strategy to diversify economy, attracting tourists and investments
- In 2022, Saudi Arabia emerged as the fastest-growing G20 economy, fueled by a massive $1.25 trillion investment in real estate and infrastructure projects