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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.

Aramco, IHC among biggest companies in Middle East

Energy, banking and financial services, and industrial sector companies are among the largest in the Middle East, especially the Gulf...

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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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Saudi Arabia, UAE fashion industry set for boom

The UAE and Saudi Arabia seem poised to see their respective fashion sectors double their revenues in the near future.
  • The ecommerce boom has led to more and more people buying apparel and accessories online
  • They are doing so especially after they check reviews and sustainability factors of their intended purchase
Infographics

Time to decrypt internet speed in Arab world

This week's TRENDS infographic tries to find out where do Arab countries stand in terms of the speed of broadband...
  • The internet connectivity is a cornerstone to business, education, financial literacy, access to employment and health care through telemedicine
  • This TRENDS infographic tries to find out where do Arab countries stand in the latest Speedtest index.
Infographics

Which are the happiest Arab countries?

A number of Arab countries have scored quite well in the just-published 2021 edition of the World Happiness Report.
  • At least six factors seem to contribute to the perception of happiness within a country
  • They are levels of GDP, life expectancy, generosity, social support, freedom, and corruption
Infographics

Mena students in US are a changing demographic

The factors that draw students to the US include the learning environment, a global perspective, and better employment prospects.
  • Students from the Middle East and North Africa region going to the United States for education at various levels for years now
  • However, their numbers have changed over time, due to various reasons and at different times
Infographics

Here’s how much Lebanon depends on GCC

The economy of Lebanon is in crisis. Here’s a look at which countries it depends on for trade and aid,...
  • Lebanon has been asking its neighbors in general and GCC countries in particular for help to bail it out of this economic crisis
  • It has already received assurance of electricity supply from Jordan via infrastructure in Syria
Infographics

10 big companies that changed their names

It was nothing new when Facebook changed its name to Meta, and invited people to the Metaverse. TRENDS has curated...
  • While some have changed their names entirely, others have made only small alterations to the original names
  • They have achieved varying degrees of success by changing their names
Infographics

How major Arab economies performed since 1975

At a time when the future of the global economy is going to change following the trends from regional economies,...
  • The region's dynamics have changed a lot due to oil exports from 1975 to 2021.
  • The Arab countries are now among top-world investors in high-tech companies
Infographics

Nobel Prize eludes the Arab world

Egypt and Algeria have the largest number of Nobel winners in the Arab world, while Saudi Arabia, Qatar and the...
  • Saudi Arabia, Qatar, and the United Arab Emirates are yet to produce a winner of the Nobel Prize
  • Palestine, Lebanon, Tunsia, Yemen, Morocco, and Iraq have seen at least one resident awarded the prize
Infographics

Qatar, Saudi Arabia lead GCC in education spend

Qatar and Saudi Arabia lead the GCC countries when it comes to spending on education.
  • Qatar has in absolute terms spent more per capita for education than any GCC nation since 2016
  • However, when it comes to absolute totals and the share of the GDP spent on education, Saudi Arabia leads the pack
Infographics

UAE, Saudi Arabia lead regional innovations

The Arab countries have their own share in terms of investment in innovations with the UAE and Saudi Arabia leading...
  • Despite human and economic toll of the COVID-19 pandemic, investments in innovation have increased in parts of the world
  • The UAE ranks first among the top 12 most innovative Arab countries in 2021 and 33rd in the world, according to the Global Innovation Index

Aramco, IHC among biggest companies in Middle East

Energy, banking and financial services, and industrial sector companies are among the largest in the Middle East, especially the Gulf...
Infographics

Company News

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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.
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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...
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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...
YEARBOOK 2023

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Business

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.
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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)
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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.