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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.

Digital quality adds shine to life in Arab countries

The UAE leads the Arab world in digital quality of life, with its advanced digital infrastructure and commitment to tech...

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...

High commodity prices to keep inflation up

IMF has said food prices accounted for about 60 percent of last year’s increase in headline inflation in the MENA...
  • The war in Ukraine and related sanctions have triggered a sharp increase in commodity prices.
  • After leaping to a peak of $130 per barrel following Russia’s invasion, oil prices are expected to settle at an annual average of around $107 in 2022.

MENA nations make some ‘genuine progress’

Several MENA countries have fared well on all three domains of the Genuine Progress Indicator, which has been hailed as...
  • The GPI nets the positive and negative results of economic growth to examine whether or not it has benefited people overall.
  • GPI incorporates environmental and social factors which are not measured by GDP.

GCC countries likely to issue less debt this year

The Gulf region seems to have a better fiscal positions thanks to high oil prices and the recovery of the...
  • The region seems to have a better fiscal positions thanks to high oil prices and the recovery of the economies from the Covid-19 related woes.
  • Analysts last year were especially concerned about Bahrain and Oman whose government debt ratios had risen sharply in recent years.

GCC central banks confront surging inflation

After the Fed Reserve raised interest rates to rein in the 40-year-high inflation, GCC members followed the suit as most...
  • Qatar had the highest rate of inflation in the Gulf Cooperation Council region.
  • At 2 percent, the region's largest economy, Saudi Arabia, had the lowest inflation rate.

What are the GCC’s top stock exchange constituents?

What are the top constituents of stock exchanges spread across the GCC countries? Here’s our infographic.
  • Some constituents — publicly traded companies — of the MSCI World Index would be heavier than others
  • And countries within the Gulf Cooperation Council have some of the biggest public companies in the world

Iftar lightens the pocket in GCC

Here’s a look at how the price of an Iftar meal compares to a standard meal eaten in moths other...
  • Ramadan a month of communal joy, when people gather after dusk and before dawn to partake in feasts that would help them tide over daylong fasts
  • However, there seems to be a disparity between how much a full Iftar meal costs versus how much a normal meal costs outside the month of Ramadan

Star-studded projects point to Saudi transformation

Some of the iconic real estate holdings developed by Taiba throughout Saudi Arabia suggest that the Kingdom is headed towards...
  • The company is a key supporter of Saudi Arabia’s transformative Vision 2030, in particular in regard to economic diversification.
  • Taiba, which has interests in hotels, tourism facilities and real estate, has a market capitalization of $1.5 billion, Refinitiv data shows.

Islamic banking tipped to grow in GCC

Of recent, Islamic banking has been getting quite a boost from governments and financial institutions in the Gulf Cooperation Council.
  • Islamic banks are prohibited from collecting or paying interest, which raises the question: How do they make a profit, or even stay in business?
  • The answer is that they make money through equity participation, which requires a borrower to give the bank a share of their profits

UAE tops gender equality in Arab countries

In the UAE, and the wider Arab world, many women have been successful in upturning the prevalent prejudice that a...
  • Their participation in the workforce has grown; in many Arab countries, women entrepreneurs are competing with men to distinguish their businesses
  • Many young women have important roles in government offices where they are a key part of policymaking

GCC countries lead the world in remittances

Over the past four years, GCC members have seen billions of dollars being remitted to other countries.
  • Member nations of the GCC have always had a healthy representation of immigrants in their workforce
  • As a result, these countries also see some of the largest amount of remittances sent out of them

Digital quality adds shine to life in Arab countries

The UAE leads the Arab world in digital quality of life, with its advanced digital infrastructure and commitment to tech...

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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...

Slower GCC growth expected in 2023

The region's biggest economy, Saudi Arabia, was projected to accelerate to 8.3 percent in 2022 before moderating to 3.7 percent...

Qatar, UAE lead Gulf region in governance, growth

TRENDS tries to look at where Arab countries stand in terms of politics, governance and economies, in the latest the...

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Jordan lowest bribery risk Arab nation

North Korea, Turkmenistan, Equatorial Guinea, Syria and Venezuela present the highest commercial bribery risk, said the TRACE Bribery Risk Matrix 2022.
  • The TRACE Bribery Risk Matrix measures a country's score on the basis of four domains, which are derived from nine sub domains.
  • The matrix measures the risk in 194 jurisdictions, territories, and autonomous and semi-autonomous regions.

Lebanon population set to decline in 2023

A survey published by the UN Economic and Social Commission for Western Asia says poverty levels can reach 36 percent...
  • The combined population of the 22 Arab countries in 2021 was around 407-420 million.
  • Most of this population is concentrated in and around major urban areas.

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.