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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

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.

Is Israel’s ongoing assault on Gaza a genocide or not?

Some world leaders like Ramaphosa and Erdogan use the term genocide to describe Israeli actions in Gaza. Israel has also...

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...

Small gain for gold in 2022 despite rate hike

Goldman Sachs has recently projected that the supply of Lithium will begin to outpace demand from 2023 onward.
  • Gold posted a small gain in 2022, which reinforced the precious metal's stable and uncorrelated performance amid market turbulence.
  • Gold Council said weak institutional demand was offset by retail investment - driven by inflation and geopolitics - and central banks had an exceptional year of net buying.

UAE remains the most innovative Arab economy

The Global Innovation Index ranks the countries on 81 indicators across seven categories, including Business Sophistication, Infrastructure and Technology Outputs...
  • GII 2022 said this edition’s thematic focus on the future of innovation-driven growth provides a perspective on whether stagnation and low productivity growth are here to stay.
  • It tracks the most recent global innovation trends against the background of an ongoing COVID-19 pandemic and slowing productivity growth.

Major 2022 events that shaped world economies

TRENDS looks back at the events that grabbed attention worldwide. From Russia-Ukraine war to Saudi summits to Argentina's marvelous World-cup...
  • The year 2022 is over. Yet 2023 offers a unique opportunity to reflect on the previous year with hope and optimism
  • TRENDS looks back at the events that grabbed attention worldwide. From Russia-Ukraine war to Saudi summits to Argentina's marvelous World-cup victory, 2022 had seen it all

Abu Dhabi, Dubai gain as realty prices rise in UAE

The UAE’s real estate market flourished during November as sales in Dubai alone crossed 10,000 transactions, the highest recorded since...
  • The UAE’s real estate market flourished during November as sales in Dubai alone crossed 10,000 transactions, the highest recorded since 2011, says a latest report
  • In November, the off-plan market witnessed the highest value of transactions in a decade by recording AED 12.7 billion for the first time

GCC IPOs resilient to volatility hurting other markets

Various IPOs raised nearly $4.8 billion in the GCC in the first five months of 2022 alone, which was higher...
  • IPOs in the Gulf prove resilient to the volatility hurting deals in other markets, such as high oil prices, stable economies, and abundant liquidity fuel activity.
  • Significant privatizations and private growth companies are now entering the IPO markets due to the recent surge of PO activity and frameworks introduced to enable SPAC formation.

Will Gulf economies expand despite global woes?

Thanks to a strong rebound in domestic activities and higher oil prices, the latest IMF report suggests the GCC economies...
  • Thanks to a strong rebound in domestic activities and higher oil prices, the latest IMF report suggests the GCC economies to expand further than previously expected.
  • In 2023, the UAE economy will grow 4.2 percent, outpacing Saudi Arabia (3.7 percent), Bahrain (3 percent), Oman (4.1 percent), Kuwait (2.6 percent), and Qatar (2.4 percent)

Global economic woes take toll on GCC contracts

High inflation and the West's sanctions on Russia for its Ukraine invasion besides the supply chain disruptions caused by China's...
  • The increase in benchmark rates by global and regional central banks to combat runaway inflation also affected project funding.
  • The UAE overtook Saudi Arabia as the largest projects market in the GCC during Q3-2022.

Bahrain made the highest rate hike in GCC region

Many Gulf states, including the region's two biggest economies, raised key interest rates earlier this month after the US Fed...
  • The Fed raised the rate by three-quarters of a percentage point for the fourth straight time.
  • The impact of higher interest rates among Gulf oil exporters in 2022 has so far been limited.

Oman’s Loan-to-Deposit ratio best in GCC

The Gulf region’s loan-to-deposit ratio fell by 160 basis points in the second quarter of 2022, due to higher customer...
  • The loan-to-deposit ratio dropped below 80 percent for the first time in seven quarters in August.
  • A drop in LDR means increased level of liquidity, which in turn indicates that banks are more capable of dealing with unforeseen events like loan losses.

UAE, China eye $200bn bilateral trade by 2030

The UAE is China’s most important trade partner in the Arab world and responsible for 28 per cent of total...
  • It re-exports more than 60 percent of Chinese exports to the region, where the value of trade exchange between the two countries has exceeded $70 billion.
  • Ali Obaid Al Dhaheri, UAE Ambassador to China, said early this month that UAE and China ties were a "successful model" for international bilateral relations.

Is Israel’s ongoing assault on Gaza a genocide or not?

Some world leaders like Ramaphosa and Erdogan use the term genocide to describe Israeli actions in Gaza. Israel has also...

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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...

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...

Which country leads Arab world in business ease?

Arab nations have implemented several reforms to improve the ease of doing business. TRENDS take a look to determine the...

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UAE GDP growth likely to drop 0.9% in 2023

International Monetary Fund predicts economic growth in the Middle East and North Africa will fall to 3.2% this year from...
  • The International Monetary Fund projects that global growth will fall to 2.9 percent in 2023 but rise to 3.1 percent in 2024.
  • Global inflation is expected to fall to 6.6 percent in 2023 and 4.3 percent in 2024, still above pre-pandemic levels, the Jan 2023 forecast said.

UAE, Qatar least corrupt Arab nations

The 2022 Corruption Perception Index says corruption is undermining democratic processes and fueling violence in the Middle East and North...
  • The CPI ranks180 countries and territories around the world by their perceived levels of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean).
  • With a score of 90 and 87 respectively, Denmark and Finland top the CPI, while Somalia and Syria hit rock bottom with a score of 13 and 12 respectively.

Fewer GCC women achieve leadership roles

Young women in the MENA region are more likely to be in the workforce, while the GCC countries — particularly...
  • A PwC survey last year found that a large group of younger women are more likely to go to work and remain in employment to fulfil their ambitions in MENA region.
  • Saudi Arabia has witnessed a 35.6 percent increase in the women's economic participation. Still, the gender gap in leadership roles is huge.