MENA region is leading the on-demand talent revolution: report
Agile work models and diverse skill demands propel MENA's freelance economy, empowering businesses to thrive amid modernization and digital transformation.
Economy
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
Arts & Culture
Saudi youth excel in event management in Jeddah Season
Saudi youth make their mark in event management during Jeddah Season where they comprise over 80 percent of the workforce...
- Saudi youth are over 80 percent of the workforce in event management in Jeddah Season
- Saudi youth demonstrate their ability and success to manage and organize events
Business
Dubai Chamber members’ exports up 28 percent in May, highest since 2018
The strength of the Dubai economy, the flexibility of the emirate's merchants and the value of Dubai Chamber of Commerce...
- Dubai’s strategic plan to boost foreign trade by up to AED 2 trillion ($544 billion) in five years, Al Ghurair said.
- GCC countries accounted for 55 percent of the total exports and re-exports of the members in May 2022.
Economy
Work in water reservoir project in Hatta ahead of schedule
The project includes the construction of two reservoirs with a storage capacity of 30 million gallons of desalinated water, supporting...
- Progress in the Hatta water reservoir project is ahead of schedule as 36 percent completed compared to 32 percent target
- The project has a capacity of 30 million imperial gallons at a cost of approximately AED 86 million
Economy
Address needs of women entrepreneurs: DG WTO at MC12
Unlocking trade for women's empowerment and sustainable development is not just the right thing to do, Okonjo-Iweala said
- Unlocking trade for women's empowerment and sustainable development is not just the right thing to do, Okonjo-Iweala said
- A strong and effective WTO is critical for these women, which is one more reason why delivering results at MC12 this week is so important, she added
Economy
Visa-free travel to Saudi Arabia for GCC residents
Under the new visa scheme, all GCC residents with a valid resident and work visa issued by the UAE, Bahrain,...
- The informed sources at the ministry told TRENDS that the draft for the new scheme is ready and will be officially announced in the next few days
- Under the new visa scheme, all GCC residents with a valid resident and work visa will be allowed entry into Saudi Arabia for business, tourism, and Umrah purposes
Economy
Saudi Arabia pledges $10m to prevent Red Sea oil spill disaster
Saudi Arabia on Sunday pledged $10 million to help prevent an ageing Yemeni oil tanker from unleashing a potentially catastrophic...
- The decaying 45-year-old oil tanker abandoned off the rebel-held Yemeni port of Hodeida, is in "imminent" danger of breaking up
- According to the UN, the operation needs to be completed by the end of September to avoid "turbulent winds" that pick up later in the year
Economy
US gasoline average price tops $5 per gallon in historic first
The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 a day...
- The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 a day earlier
- Adjusting for inflation, the US gasoline average is still approximately 8% below June 2008 highs around $5.41 a gallon, according to US Energy Department figures
Business
Qatari, Swiss firms discuss investment prospects in medical tourism
The two countries will celebrate 50 years of diplomatic relations in 2023, which includes organizing events like car exhibitions, and...
- Ambassador of Switzerland to Qatar, Edgar Dorig, said there are various opportunities to enhance Qatari-Swiss cooperation in multiple sectors.
- He noted that the volume of trade between the two countries rose to more than QR 5 billion in 2021, witnessing an increase compared to 2020.
Interview
Qatar Economic Forum highlights country’s role
The forum reflects the strategic position of Qatar as an influential economic player and as a bridge for communication and...
- Qatar Economic Forum reflects the country's status as an influential economic player
- The forum reflects Qatar's keenness to enhance international cooperation to achieve a just economic recovery
Business
TotalEnergies takes $2bn share in Qatar’s giant gas expansion plan
Qatar's Energy Minister Saad Sherida al-Kaabi called the joint venture "a marriage more than an engagement" as it will last...
- TotalEnergies will take a 6.25 percent share of the North Field East Project in its joint venture with QatarEnergy
- Exxon Mobil, Shell, ConocoPhilips are all in line to take part in giant expansion that Qatar originally wanted to finance alone
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
MENA region is leading the on-demand talent revolution: report
Agile work models and diverse skill demands propel MENA's freelance economy, empowering businesses to thrive amid modernization and digital transformation.
Economy
Company News
Latest News
EIH acquires stake in 9Yards Comm
The acquisition aims to broaden EIH's investment portfolio.
Business
$341bn in non-oil trade between UAE, G20 countries: UAE Minister
New Delhi, India - The non-oil trade between the UAE and G20 countries in 2022 hit $341 billion, which is...
Economy
Saudi non-oil activities push Q2 economic growth to 1.2%
Riyadh, Saudi Arabia -- Saudi Arabia’s real GDP grew by 1.2 percent in the second quarter of 2023, compared to...
Economy
Most Read
Economy
Saudi Arabia’s economy and fiscal position strong due to Vision 2030: IMF
Riyadh, Saudi Arabia-- Saudi Arabia's economy is in a state of prosperity and growth, and that the kingdom's fiscal position...
- According to an IMF statement, Saudi Arabia is the fastest-growing economy among G20 countries, recording an overall growth rate of 8.7 percent
- The kingdom's non-oil GDP witnessed a growth of 4.8 percent in 2022 driven by robust private consumption and investments in various sectors
Economy
Global trade finance gap grew to record US$2.5trn in 2022: ADB
The Asian Development Bank survey found that rising interest rates, flagging economic prospects, inflation, and geopolitical volatility reduced the capacity...
- With data collected from 137 banks, the survey is the world's leading barometer of trade finance health
- The Russian invasion of Ukraine was seen impacting trade finance portfolios by some 60 percent banks
Economy
China’s digital economy surged by $4 trillion from 2016 to 2022
Tianjin, China - The digital economy in China surged by $4.1 trillion from 2016 to 2022, which works out as...
- By 2022, the scale of China's digital economy had reached an impressive $6.99 trillion, constituting a substantial 41.5% of the nation's GDP
- China has established over 1,700 digital workshops and smart factories and more than 240 industrial internet platforms