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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.

UAE most competitive MENA economy

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

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...

GCC nations see varying CPI in last 5 years

GCC countries have been witnessing a varying degree of change when it comes to Consumer Price Index performance.
  • CPI is used to measure the average change in prices — of a fixed basket of goods and services that consumers pay for — over time
  • Consumer Price Index also happens to be the one index that is most widely used to measure inflation overall

PCR testing is a business success in the region

A large number of kits of the PCR test has been manufactured and used across the world in general and...
  • The WHO has said the PCR test is one of the most efficient to detect a Covid-19 infection, but also costlier than other methods
  • The organization describes has said the test needs to be run at a molecular laboratory, which contributes to the higher cost

SWIFT: The Russia sanctions threat for Ukraine invasion

Ukrainian President Volodymyr Zelensky called on world powers on Thursday to cut Russia off from SWIFT, after Russian forces invaded...
  • Founded in 1973, the Society for Worldwide Interbank Financial Telecommunication, actually doesn't handle any fund-transfers itself
  • But its messaging system, developed in the 1970s, provides banks the means to communicate rapidly, securely, and inexpensively

How economically free are GCC countries?

In economically free societies, governments allow labor, capital, and goods to move freely.
  • Economic freedom may be described as the fundamental right of every human’ to control their own labor and property
  • In an economically free society, individuals are said to be free to work, produce, consume, and invest in any way they please

How much gold and forex do Arab countries have?

Foreign exchange and gold reserves come in handy in many ways when a country is trying to ride out an...
  • Foreign exchange reserve usually refers to how much foreign currency a country or its apex financial institution holds in reserve
  • Gold reserve is a similar tranche, except that it pertains to the yellow metal that has been purified to a standardized degree

Which are the top equity markets in the Middle East?

Here is a comparison between the top equity markets in the Middle East, and how they stack up against a...
  • Saudi Arabia has Tadawul, or the Saudi stock exchange, whose benchmark index is known as TASI
  • The UAE has the Dubai Financial Market (DFM) as well as the Abu Dhabi Exchange (ADX)

Gender bender: GCC moves to empower more women

Member countries of the Gulf Cooperation Council are increasingly working towards the empowerment of women.
  • The UAE and Canada held discussions last month on how to enhance cooperation to empower women
  • Statistics from Saudi Arabia from last year showed more women had entered the workforce, even as unemployment dropped

Saudization benefits thousands of citizens in 2021

The number of Saudi nationals who got jobs in the private sector crossed 1.9 million in 2021, the highest number...
  • The number of Saudi nationals who got jobs in the private sector crossed 1.9 million last year, says the ministry
  • The drive has also helped in creating an attractive and stimulating work environment for Saudi nationals in private sector

Who tops inflation list of 10 Mideast countries?

Over time, inflation has come to be defined as how much a currency has lost value over a specific period.
  • The two indicators often used to quantify the rate of inflation are Consumer Price Index (CPI) and Wholesale Price Index (WPI)
  • However, CPI — the average change in prices over time that people pay for a selection of goods and services — is more commonly used

Where do Arab countries stand, according to GDP?

The most common way to quantify the economic health of a country is by calculating its gross domestic product (GDP).
  • GDP is the total market value of all the goods and services produced within a country in a specific time period
  • It is usually calculated on an annual basis, with the time period corresponding to the fiscal year rather than the calendar year

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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Egypt ranks globally fifth in remittances

Although the remittances grew by an estimated 5 percent in 2022, they were lower than the 10.2 percent increase in...

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.

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...

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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