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Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Saudi, UAE report highest levels of gross debt

Among the Arab countries, Egypt recorded the highest debt-to-GDP ratio of 92.7 percent while US and China are on an...

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UAE most competitive MENA economy

The 2023 IMD World Competitiveness Ranking placed the UAE among the world's 10 most competitive economies.

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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
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Saudi construction sector employs 3 million workers

GCC countries employ close to 20 million foreign workers, who are subject to vastly different conditions and wags compared to...
  • The Gulf Cooperation Council countries have a high reliance on foreign labor. In 2020, foreign workers accounted for 60 percent of the total labor force.
  • GCC countries face high unemployment among nationals, shortage of skilled labor and a mismatch between the skills of nationals and the requirements of the labor market.
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Saudi home to three of top five Arab smart cities

Saudi Arabia, which has pioneered the development of smart cities in the region, plans to establish more than 200 smart...
  • The Middle East and North Africa's smart city spending is expected to reach $2.7 billion by 2022, driven primarily by the region's progressive, innovative city projects.
  • NEOM, Egypt's New Administrative Capital, Abu Dhabi's Masdar City, and Dubai Digital Park are examples of this trend.
Infographics

Middle East makes mark in Global Soft Power Index

TRENDS Infographics explores prominent Arab nations in the latest Global Soft Power Index, with the UAE leading the way by...
  • TRENDS Infographics explores prominent Arab nations in the latest Global Soft Power Index, with the UAE leading the way by entering the top 10, a first for the Middle East
  • Other GCC countries, including Oman, also show improvements in the index, which measures nations' influence and reputation across various sectors and a variety of metrics

Riyadh, Jeddah among world’s least expensive cities

Key global reports list Saudi Arabia's Riyadh and Jeddah among the world's least expensive cities for living. TRENDS finds out...
  • Key global reports list Saudi Arabia's Riyadh and Jeddah among the world's least expensive cities for living. TRENDS finds out the cost of living in other cities of the Kingdom
  • Affordability and stability of Saudi cities make them attractive destinations for both locals and expatriates seeking a cost-effective living environment, TRENDS points out
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Strong growth key to GCC’s FDI appeal

Saudi Arabia has reentered into this year's Kearney FDI Confidence Index, which ranks the markets likely to attract the most...
  • The optimism stems from strong economic growth, which is expected by IMF to reach 3.6% in 2023, higher than the global average of 3.3%.
  • The GCC region is especially ripe for FDI, as the high demand for oil and gas is expected to continue to spur the growth of economies in the region.
Economy

Qatar wealthiest Arab nation, Somalia poorest

The Arab world is one of the most unequal regions in the world, with top 10 earners controlling more than...
  • The bottom 50 percent of earners in the Arab world control less than 12 percent of national income.
  • Political instability in some Arab countries, such as Yemen (the second poorest) has led to economic hardship.
Infographics

Engineering top course in Arab varsities

Arab universities are increasingly focusing on quality and research, and many of them are making efforts to internationalize their programs.
  • Saudi Arabia and the UAE have invested heavily in their higher education systems, and they are now home to some of the most prestigious universities in the Arab world.
  • Both Saudi Arabia and the UAE are also attracting top international talent to their universities, which has improved the quality of education.
Infographics

Saudi tourism on growth path despite hiccups

Saudi Arabia is investing $500 billion in NEOM, a future city in the northwest, expected to be a hotspot for...
  • The $500 billion development on the Red Sea coast, which will include luxury resorts, residential developments, and a nature reserve, is one of the key tourism projects.
  • The Kingdom is also developing the UNESCO World Heritage Site of AlUla into a major tourist destination.
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UAE crypto registration cost highest in GCC

The factors that influence the cost of registration include the type of business, the location of the business, and the...
  • In addition to the registration fee, there are other costs associated with starting a cryptocurrency business, such as legal fees, accounting fees, and marketing fees.
  • In the free zones of the UAE, the crypto registration cost is much lower than those areas under VARA.

Saudi, UAE report highest levels of gross debt

Among the Arab countries, Egypt recorded the highest debt-to-GDP ratio of 92.7 percent while US and China are on an...
Infographics

Company News

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Saudi home to three of top five Arab smart cities

Saudi Arabia, which has pioneered the development of smart cities in the region, plans to establish more than 200 smart...
Infographics

Middle East makes mark in Global Soft Power Index

TRENDS Infographics explores prominent Arab nations in the latest Global Soft Power Index, with the UAE leading the way by...
Infographics

Riyadh, Jeddah among world’s least expensive cities

Key global reports list Saudi Arabia's Riyadh and Jeddah among the world's least expensive cities for living. TRENDS finds out...

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Economy

Qatar wealthiest Arab nation, Somalia poorest

The Arab world is one of the most unequal regions in the world, with top 10 earners controlling more than...
  • The bottom 50 percent of earners in the Arab world control less than 12 percent of national income.
  • Political instability in some Arab countries, such as Yemen (the second poorest) has led to economic hardship.
Infographics

Engineering top course in Arab varsities

Arab universities are increasingly focusing on quality and research, and many of them are making efforts to internationalize their programs.
  • Saudi Arabia and the UAE have invested heavily in their higher education systems, and they are now home to some of the most prestigious universities in the Arab world.
  • Both Saudi Arabia and the UAE are also attracting top international talent to their universities, which has improved the quality of education.
Infographics

Saudi tourism on growth path despite hiccups

Saudi Arabia is investing $500 billion in NEOM, a future city in the northwest, expected to be a hotspot for...
  • The $500 billion development on the Red Sea coast, which will include luxury resorts, residential developments, and a nature reserve, is one of the key tourism projects.
  • The Kingdom is also developing the UNESCO World Heritage Site of AlUla into a major tourist destination.