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Economy

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Jobs and investment top MENA expectations from multinational firms, Ipsos finds

As geopolitical turbulence grows, companies are increasingly at the mercy of forces beyond corporate leadership’s control.
  • American multinationals now face the strongest global skepticism, with “Brand America” increasingly linked to ethical, environmental, and economic concerns
  • A company’s country of origin has become a reputational “passport,” shaping trust as much as corporate behavior itself

Citizen-consumers are redefining the global reputation of multinationals: Ipsos study

The report, Impacts of Multinational Corporations: What Citizen-Consumers Want from Foreign Companies Doing Business in Their Country, draws on a...
  • Despite regional differences, one expectation stands out globally: people want multinational corporations to contribute to local economies.
  • This economic focus was particularly pronounced in developing and emerging markets, including many countries in the Middle East, North Africa, and Latin America.

Governments must put creativity at the center of economic strategy: Report

Titled Creative Futures: The Springboard for Sustained Economic Growth and Diversification, the report argues that cultural and creative industries —...
  • The report finds that every dollar invested in creative industries generates approximately $2.50 in broader economic activity across sectors such as tourism and urban services.
  • It warns that countries slow to act risk becoming importers of creative content rather than exporters shaping global cultural markets.

Web Summit Qatar 2026 in Doha draws 30,000 participants, global tech leaders

The summit features a high-profile lineup of speakers, including Canva co-founder Cliff Obrecht, IBM Chief Impact Officer Justina Nixon-Saintil, Twitch...

Gaming, esports GCC’s new growth play

Saudi Arabia and the UAE are leading the gaming surge with world-class ecosystems and youth-driven expansion. Across the region, governments...
  • Flagship events such as the Dubai Esports Festival and the BLAST Premier World Final, hosted by AD Gaming, have elevated the UAE’s global standing.
  • With nearly 71 percent of the population under the age of 35, Saudi Arabia’s youth form the foundation of its gaming transformation.

Gold, silver prices tumble as investors soothed by Trump’s Fed pick

Gold and silver prices dived Friday, European stock markets ended the week up while Wall Street fell slightly with investors reassured...
  • Precious metals prices tumbled on Friday after surging in recent days when investors sought a safe haven over doubts about Trump's policies
  • Silver, which Thursday reached an all-time peak above $120 an ounce, shed 20 percent meanwhile in sliding down to $90 an ounce

How Doha is Building a Knowledge Economy 

By pairing sovereign capital with frictionless regulation, Doha reversed the startup playbook, attracting investors and founders first, then letting an...
  • Qatar is using Web Summit not as an event, but as the organising backbone of a national startup and knowledge economy
  • Rapid growth in attendance, startups, investors and female founders signals accelerating ecosystem momentum

Qatar announces $430 mn in support for Lebanon

A visiting Qatari official on Monday announced a multi-million dollar aid package for Lebanon, primarily to support the country's crumbling...
  • In a separate statement, the Qatar Development Fund said the package was valued at about $430 million, the majority of it to support the energy sector
  • "The support includes a contribution of up to $400 million to support the energy sector," of which 10 percent would be allocated as a grant, it added

WEF26: Saudi Arabia positions itself as ‘connector economy’ amid shifting global trade

Saudi Arabia is seeking to leverage changes in global trade and supply chains to position itself as a “connector economy,”...
  • Speaking at a session titled ‘Many Shapes of Trade’, Commerce Minister Majid A. Alkassabi said global trade was moving toward a more regulated framework, offering new opportunities
  • Tourism Minister Ahmed A. Alkhateeb highlighted the potential of travel during a session titled ‘The New Geography of Travel: Elevating Destinations, Expanding Opportunities'

Building the Gulf’s Knowledge Future: Education, Innovation, Talent

Florin Vasvari of London Business School says a knowledge economy requires educated local talent, global expertise and supportive regulation, tax...
  • A knowledge economy rests on educated local talent supported by global expertise, enabling innovation and diversification in the UAE and Saudi Arabia, Florin Vasvari told TRENDS
  • Technology investment must be matched by strong leadership, risk-taking culture and lifelong learning to drive real productivity gains, he adds

OpenAI limits release of new model after US government request

Dubai, UAE --  ChatGPT developer OpenAI is restricting access to its latest artificial intelligence (AI) model at the request of...

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Next wave of global competitive advantage lies in tech combinations: WEF

Eight technology domains, including AI, robotics, engineering biology and advanced materials are no longer advancing in isolation.

MENA faces shortfall of 111,737 construction Project Managers by 2035: PMI

The PMI report finds that MENA will require up to 330,794 construction project management professionals by 2035 under a high-growth...

Firms lag as AI-driven fraud surges: Study

The report, published by the Association of Certified Fraud Examiners and analytics firm SAS, highlights widening gaps between rapidly evolving...
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Most Read

UAE Central Bank to hold rate after Fed pause amid regional tensions

Fed Chair Jerome Powell signalled a cautious approach, noting that elevated energy prices and geopolitical tensions could complicate the inflation...
  • The CBUAE said it would also maintain the rate applicable to short-term borrowing at 50 basis points above the Base Rate for all standing credit facilities.
  • Central Banks of GCC countries --Kuwait remains a partial exception-- typically adjust their policy rates in lockstep with the Fed, as their currencies being pegged to the dollar.

Financial frauds cost global economy over $442bn in 2025: INTERPOL

AI-enhanced fraud is 4.5 times more profitable than traditional methods. “Agentic AI” systems can autonomously plan and execute complete fraud...
  • However, the report also found that law enforcement authorities are collaborating more effectively.
  • Since 2024, the number of fraud-related Notices and Diffusions has increased by 54 percent.

G7 ministers consider oil reserves as markets face volatility

In a statement following a virtual meeting with International Energy Agency (IEA) Executive Director Fatih Birol, the ministers said they...
  • They added that proactive measures—including the possible use of strategic oil reserves—remain under consideration as part of efforts to stabilize global energy markets.
  • The ministers said coordination is ongoing among G7 members as well as with IEA member states and other partners.