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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

IoT Connectivity: The Backbone of Modern Business

As IoT protocols evolve, companies are building robust infrastructure to support applications across sectors, from asset tracking in logistics to...

UHNWIs drive Dubai’s luxury real estate growth

"The ultra-high-net-worth individuals (UHNWIs) have transformative impact on the real estate market. These individuals, with their discerning tastes and substantial...

AI, metaverse boost training and streamline hirings

The new virtual training environments allow the creation of a fully realised world that can be manipulated to appeal to...
  • Combining AI and metaverse technologies affords companies an incredible new opportunity to train and equip people with the necessary skills
  • The new technologies have the potential to deliver a US$1.6 trillion boost to the global economy over the next eight years, according to PwC forecasts

How the Middle East can promote agritech

The region’s agriculture suffers from a variety of economic and policy problems. There is a lack of agricultural labor. The...
  • The Middle Eastern countries need to adopt the latest agritech to make their farming sustainable, and to overcome their food supply and security challenges
  • The region’s agriculture suffers from various economic and policy problems. The sector’s capabilities are underdeveloped, yields are low and soil salinity is an issue

OPEC+ output cuts continue to impact energy market

Commodities, meanwhile, trade mostly higher as the market's focus remain altered between optimism over China reopening after exiting its strict...
  • Commodities trade mostly higher as the market's focus remains altered between optimism over China reopening and an extended rate hike cycle in the US
  • Energy market, meanwhile, continues to focus on the price-supportive impact of OPEC+ production cuts and upcoming EU sanctions against Russian crude sales

Global talks between religions key to peace and justice

The hopes placed on the event -- attended by prominent religious figures and symbols, including the Grand Imam of Al...
  • Bahrain Dialogue Forum East and West for Human Coexistence is a key event seeking to build bridges of dialogue between different religions, sects, thoughts and cultures
  • The event is attended by prominent religious figures and symbols, including the Grand Imam of Al Azhar and Pope Francis of the Catholic Church

Multitenancy in cloud makes work more enterprising

Multi-tenant cloud-based deployment can offer vast amounts of storage, a speedy implementation, and advanced security capabilities. If the leadership team...
  • As a true cloud-based platform, multi-tenant deployment can offer vast amounts of storage, a speedy implementation, and advanced security capabilities
  • If the leadership team is seeking comprehensive, end-to-end transformation, multi-tenant is unequivocally the best option for the long term

Firms in Middle East focus on sustainability innovation

Innovations poised to have an important impact on the sustainability of seven industries: advanced manufacturing services, retail, banking, energy, healthcare,...
  • With growing value chain volatility, efficiency in retail is fundamental, and AI more accurately monitors and reduces scope 3 emissions
  • Investing beyond carbon is now fundamental and nonnegotiable for an entire portfolio-level transformation by energy companies

Refinery margins go up for gasoline, distillate products

Strength this week has been driven by a continued developing tightness in the fuel product market, US exports of crude...
  • While crude oil has been mostly rangebound since July, the fuel product market has continued to tighten as supplies in Europe and the US have become increasingly scarce
  • As long as the product market remains this tight, the risk of seeing lower crude oil prices -despite the current worry about recession - seems to be low, says Saxo Bank expert

Deploying every new technology isn’t advisable

We don’t need to jump into every bandwagon. We need to understand our security needs first and act accordingly. Your...
  • A zero-trust model is not an actual product or new certification in the cyber security industry, writes Dave Russell, Vice President of Enterprise Strategy, Veeam Software
  • Zero trust is all about building good habits within employees and ensuring that employees enable multi-factor authentication when accessing any apps or platform, he adds.

OPEC-forced rally in crude oil strengthens markets

The fear of the global organizations such as International Energy Agency that the OPEC+ decision would increase energy security risks...
  • The US inflation is expected to start slowing soon, thereby providing some relief to global economies hurt by a strong dollar, says an expert
  • Russia’s war in Ukraine and the actions taken by the West to counter Putin’s behavior remain a key source of support for several commodities

Hybrid healthcare puts patient at the center

Beside facilitating the delivery of quality treatment, telehealth has altered the competitive landscape of private healthcare, allowing providers to offer...
  • A vast majority of healthcare institutions has adopted new telehealth solutions while others expanded their existing programs to ensure patient care continuity
  • In the UAE, the telehealth market is predicted to reach over US$535.5 million by 2025, expanding at a CAGR of 25 percent from 2020 to 2025

IoT Connectivity: The Backbone of Modern Business

As IoT protocols evolve, companies are building robust infrastructure to support applications across sectors, from asset tracking in logistics to...

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Global AI economy will reach over $32 trillion by 2027

The emergence of AI-managed portfolios marks a notable change in the investment realm. Success in this evolving landscape will require...

Expo City Dubai’s adaptive reuse redefines urban living

"With sustainability as a top priority in the region, we are excited to see more developers consider repurposing properties and...

Dubai’s real estate defies the odds during global crises

The Palestine-Israel conflict and the war in Ukraine illustrate the difficulty in forecasting the enduring impact of such events. In...

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Women break barriers for gender equality in finance

This culture should recognize and value the contributions of women and prioritize their growth and development. By highlighting successful women...
  • In the financial sector, diverse teams enhance decision-making and performance, yet women occupy just 10% of CEO roles in Fortune 500 companies
  • Emirati women constitute 31% of the UAE's finance sector workforce, underscoring the crucial role of mentorship and role models in advancing their careers.

For GCC, centralized demand planning is indispensable

Facing challenges like varied categorization and technical standards, GCC economies are turning to innovative solutions. With digital technologies and unified...
  • GCC governments can attain more effective demand planning by mandating a common harmonized data structure and forecasts based on volatility metrics
  • As GCC aims to reshape their economies by fortifying local industries, governments and SOEs have a golden opportunity to attract the necessary investment

MEA brands focus on personalized customer experience

"Post-Covid GCC travel trends are promising: about 50% of customers plan to increase digital spending in travel and retail. With...
  • In the digital era, customer engagement is vital, shifting from transactional ties to interactive bonds; 20% of engaged patrons drive 80% of sales through endorsements
  • Post-Covid, travelers see personalized offers, not just reminders; 34% might switch due to poor communication; GCC sees rising digital spend; CEPs promote sustainable growth.