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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.

CFOs at forefront of ESG integration in businesses

"The CFO's role as an ESG guardian and promoter varies significantly across organizations. CFOs with limited ESG experience should deepen...

Commodities drop amidst darkening growth outlook 

In addition, demand in China continues to linger after the IEA said the world's largest importer of oil was heading...
  • Growth and demand concerns, as well as the stronger dollar making the cost of fuel increasingly expensive around the world, remains key focus of the markets
  • Demand in China continues to linger after the IEA said the world's largest importer of oil was heading for its biggest annual drop in demand in more than three decades

Attacks using Log4j exploit, Botnets are on the rise

While attacks using the Log4j exploit vulnerability can be effective for state actors focused on specific politically targeted websites, the...
  • Some of the most notable services affected by the vulnerability include Cloudflare, iCloud, Minecraft: Java Edition, Steam, Tencent QQ, and Twitter.
  • Given that there are still millions of unpatched sites using out of date Log4j code, it’s fertile ground for hackers.

Valuations tank but it’s not yet doom and gloom

Some of the fear in markets is unjustified, at least for now. Many of the economic factors that propelled deal-making...
  • There are reasons to remain upbeat. For a start, markets have rebounded. The NASDAQ is already back to October 2021 values.
  • Many of the economic factors that propelled deal-making last year, namely interest rates, haven’t actually changed. VCs, corporates, and others are still flush with cash

Kubernetes simplifies container use in the Middle East

With Kubernetes, regional enterprises have automated their deployment, managment and scaling of containerized applications. Since it is controlled by developers...
  • With Kubernetes, regional enterprises have automated their deployment, management and scaling of containerized applications.
  • Since it is controlled by developers and not infrastructure teams, there is a better understanding that ultimately leads to high quality results

Investing in HR technology crucial for small companies

A cloud-based HR platform can help HR teams automate and streamline business processes to focus on attracting and nurturing talent....
  • For any small and medium business, a modern human resources platform can be a powerful tool for transforming the acquisition, engagement and management of people
  • A cloud-based HR platform can help HR teams automate and streamline business processes to focus on attracting and nurturing talent beside automating repetitive activities

ESG strategy of firms in Middle East must not derail

Winning firms are exploring innovative alternatives, guided by a strong sense of purpose and a flexible strategy. Disruption doesn’t demolish...
  • Over the past few years, shifting investor and customer expectations cemented the importance of ESG in the corporate world, allowing it to withstand these kinds of shocks
  • The ESG has become an explicit decision-making consideration for companies, rising to the level of finance concerns, risk, operational integrity, and customer impact

KSA’s crude advice energizes commodity markets

Inflation-fighting measures, such as hiking rates and removing stimulus, was the main driver behind the recent correction in commodities that...
  • Gains have been seen across most sectors, led by agriculture as weather woes lifted the cost of coffee and the three major crops – especially corn
  • Industrial metals receive a boost from China’s continued efforts to support its weakening economy by announcing more stimulus policies

Core inflation is unofficially dead

If the apex banks focus too much on core inflation, it will be a big mistake. Food and energy will...
  • Central banks have been very late to the inflation game as they have underestimated the effects of the stimulus during the pandemic, says an expert
  • Food and energy will be at the center of the crisis years with climate change and green transformation being inflationary in the years to come, he adds

Gulf manufacturers must adapt to changing demands

To avoid threats to market share and profitability, manufacturers must stay alert and on top of the ever-evolving trends. You...
  • Change is the only constant in manufacturing today. Disruption, innovation, and continual refinement of shopfloor processes are driving factors in today’s complex market landscape
  • To avoid threats to market share and profitability, manufacturers must stay alert and on top of the ever-evolving trends, writes Kerry Koutsikos of Infor

What’s next for e-commerce in post-pandemic world?

Post pandemic, the logistics sector is best placed to support e-commerce businesses in tapping the unlocked potential of the large...
  • The average percentage of households in the GCC that have bought goods online has gone up from 2 percent to more than 8 percent , indicating there is still significant room to grow
  • In the GCC, the top five e-commerce websites have seen annual growth of more than 50 percent since 2015, going from 3 million to 21 million users per month, according to Kearney

CFOs at forefront of ESG integration in businesses

"The CFO's role as an ESG guardian and promoter varies significantly across organizations. CFOs with limited ESG experience should deepen...

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Generative AI brings challenges and opportunities

"New technologies like generative AI bring both opportunities and risks. A holistic AI strategy ensures privacy, security, and compliance, considering...

FMCG sector drives global economic growth, innovation

"The growth of the FMCG industry is closely tied to population growth, urbanization, and rising disposable incomes. The sector is...

Comprehensive data protection strategies are crucial

A solid Data Protection and Ransomware Recovery strategy includes several components, such as Data Identification and Flow Management, Data Risk...

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Expo bid validates Saudi Arabia’s diplomatic skills

While challenges remain in Saudi Arabia's bid for the Expo 2030 despite increasing global support, the Kingdom seems determined to...
  • Saudi Arabia's deepening relations with countries across the world are reflected in the growing support for its Expo 2030 bid
  • Despite competition from Busan and Rome, Saudi Arabia is strong contender due to global support and noticeable transformations

Erdogan’s visit a game-changer for Turkish-Gulf ties

For the wealthy Gulf states, combining their resources with Turkiye's defense and industrial achievements will produce lasting benefits not only...
  • Erdogan's visit was aimed to boost economic relations and tackle Turkey's economic challenges, writes Turkish Professor Ibrahim KarataÅŸ
  • Major agreements were signed with Saudi Arabia and the UAE, with a strong focus on defense and economic cooperation, he adds

GCC governments focus on service fee reform

"Sometimes, the fees have undermined their intended purpose as a cost recovery tool for the provision of a service. For...
  • GCC governments grapple with a complex web of service fees hindering businesses and residents
  • Unintended consequences turn fees into long-term taxes, undermining their original purpose