MEA market decision-making cycle is fast but risk-averse: Ralph MelisÂ
The Middle East and Africa (MEA) markets are characterized by rapid growth, high owner influence, diverse operator models, and a...
Interview
Gulf sovereign wealth funds face a strategic test amid escalating conflict
The escalating conflict involving Iran, Israel and the United States is emerging as a major test for the Gulf’s sovereign...
Economy
Readying for jobs of tomorrow: WEF’s Till Leopold stresses upskilling
World Economic Forum
Lithium-sulfur batteries will transform energy storage, says Lyten’s Horvath
World Economic Forum
Economy
Saudi Arabia records $5.6 billion trade surplus in October 2024 with 30% growth
Riyadh, Saudi Arabia - Saudi Arabia’s trade balance recorded a 30% monthly growth, achieving a surplus of SAR 20.769 billion...
- The Kingdom's total international trade volume reached SAR 164.794 billion ($43.51 billion) in October, reflecting a 2% growth
- Non-oil exports in October totaled approximately SAR 19.413 billion ($5.24 billion), representing 21% of total exports
Economy
Study: Legacy technology not impeding adoption of AI and Machine Learning in UAE and Saudi Arabia
Manufacturers see AI as critical for decarbonization (66%), improving ESG scores, energy monitoring (55%), advancing digital twins (68%), and enabling...
- The study, conducted by S&P Global Market Intelligence, surveyed over 120 digital transformation leaders from the utility, data center, building, and manufacturing sectors
- It reveals that only 23% of respondents in 2024 identified legacy technology as a significant impediment to digitalization, a notable decrease from 33% in 2022
Economy
Global markets rode AI, interest rate roller coaster in 2024
Paris, France - Despite political upheavals, stock markets and bitcoin smashed records in 2024, fuelled by investor enthusiasm for Artificial Intelligence (AI),...
- Wall Street's three main stock indices blew past record highs to set new peaks in 2024, with the Dow Jones Industrial Average climbing above 45,000 points
- Donald Trump's victory in the US presidential election gave Wall Street even more of a boost on hopes he will follow through on pledges of deregulation and tax cuts
Asia stocks mostly down after Wall St. losses
The "Santa Claus rally" got off to a good start but US stocks then fell across the board on Friday,...
- S&P 500 and the Nasdaq both dropped more than one percent
- Jeju Air shares tumbled more than eight percent after one of its planes crashed in South Korea
Economy
Indian workers replace Palestinians in Israel’s construction sector amid post-war labour void
Indians, long employed in Israel as caregivers, diamond traders, and IT professionals, are now increasingly recruited for the construction sector...
- Israeli researchers believe the number of Indians working in construction still does not match the number of Palestinians who did so before the war
- Before the Hamas attack, around 80,000 Palestinians were employed in construction, along with some 26,000 foreigners, Eyal Argov of the central Bank of Israel said
Asian stocks mostly up after US tech rally
Asian stocks were mostly higher on Tuesday after a tech rally on Wall Street, but their gains remained modest in...
- Hong Kong stocks were "consolidating before the long holiday"
- Honda shares soared 16 percent after announcing a buyback of up to $7 billion
3 ways travel drives economic growth while enhancing global connections and sustainability
WTTC research shows that, having endured estimated losses of $4.5 trillion and 62 million jobs in 2020 alone, travel and...
- Effective cross-sector and cross-border partnerships are key to unlocking the full potential of global connectivity
- Innovations and investments in technology can be leveraged to enhance connectivity through travel
Cybersecurity in 2024: From talent shortages to resilience against emerging tech risks
In 2024, cybersecurity remained central, addressing skill gaps and the impact of generative AI. A Strategic Cybersecurity Talent Framework offered...
- Cybersecurity in 2024 focused on talent gaps, emerging tech, and resilience
- Public-private efforts tackled cybercrime and evolving digital threats
Asian markets retreat as China pledges fail to spark excitement
Asian markets fell Friday as China's latest vows to boost the beleaguered economy failed to stir much excitement, while traders...
- Beijing began unveiling in September a raft of policies to reverse a growth slump
- All three main indexes in New York closed in the red
Business
Fifth France-Arab Summit: Forging partnerships for a sustainable tomorrow
As the world grapples with uncertainty, the summit offers a much-needed space for cooperation and innovation, led by the Franco-Arab...
- The event, under the high patronage of French President Emmanuel Macron, brings together governments, businesses, and visionaries
- By working together, France and the Arab world have the opportunity to shape the future
MEA market decision-making cycle is fast but risk-averse: Ralph MelisÂ
The Middle East and Africa (MEA) markets are characterized by rapid growth, high owner influence, diverse operator models, and a...
Interview
Company News
Risks are interconnected, need collaborative solutions, says WEF’s Mark Elsner
World Economic Forum
Latest News
Readying for jobs of tomorrow: WEF’s Till Leopold stresses upskilling
World Economic Forum
Lithium-sulfur batteries will transform energy storage, says Lyten’s Horvath
World Economic Forum
Oil prices on the rise despite down week
Oil prices rose on Friday as markets weighed the threat of tariffs by U.S. President Donald Trump on Mexico and...
‘Global Collaboration Village aims to digitize and democratize WEF dialogues’
DAVOS: The future of global collaborations is being shaped by innovation and the ubiquitous embrace of immersive technologies, which continue...
Economy
Readying for jobs of tomorrow: WEF’s Till Leopold stresses upskilling
Davos, Switzerland -- In the next five years, millions of jobs will be created. Governments, employers, and education institutions, therefore,...
World Economic Forum
Most Read
World Economic Forum
Lithium-sulfur batteries will transform energy storage, says Lyten’s Horvath
Lyten, a Silicon Valley-based company, is revolutionizing the energy storage market with its groundbreaking lithium-sulfur battery technology. These batteries offer...
- Lithium-sulfur batteries are about half the weight of a lithium-ion batteries, but they have twice the energy density.
- These batteries work better in heat and, therefore, will be better suited to tropical countries that are expected to grow at a much faster pace.
Economy
‘Middle East is a promising area with a lot of initiatives going on in the UAE, Saudi Arabia’
Beyond AI, new technologies will leverage artificial intelligence to drive the next phase of the Fourth Industrial Revolution, Alphaeus Hanson,...
- The Middle East is emerging as a key investment hub, with the UAE, Saudi Arabia, and Qatar leading ambitious initiatives, Hanson tells TRENDS in an exclusive interview
- Beyond AI, new technologies will leverage artificial intelligence to drive the next phase of the Fourth Industrial Revolution, he adds
Economy
NHC signs strategic deals worth $8 billion at the opening of Real Estate Future Forum 2025
Riyadh, Saudi Arabia - The National Housing Company (NHC) has signed a series of agreements, deals, and memoranda of understanding...
- The agreements included a memorandum of understanding with the Saudi Ministry of Industry and Mineral Resources to enhance collaboration in supply chains
- In another key agreement, a memorandum of understanding was signed with King Abdulaziz City for Science and Technology (KACST)