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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 innovation fuels surge in Iraq’s banking sector

"These banks excel not only in financial performance but also in adapting and innovating. Through partnerships with global entities like...

Strengthen emotional security to thwart cyberattacks

While love, loneliness, and excitement are easily exploitable emotions, any factor impacting someone’s emotional state can make them a target....

Marketwatch: Recession fear hurts commodity market

"As the gold correction unfolded last week, platinum remained supported due to supply concerns from South Africa facing frequent power...
  • Crude prices are heading for their biggest weekly loss since last month's banking turmoil-led sell-off, wiping out most of the gains that followed the OPEC+ cut announcement
  • Mining companies' quarterly results highlight that global tightness in the copper market will continue, but the short-term outlook points to continued rangebound trading

Marketwatch: Commodities navigate turbulent waters

Grains sector was on track for its first monthly gain this year, bolstered by a resurgence in corn prices due...
  • The energy sector experienced significant weakness, with a nearly 9 percent decline exacerbated by a 26 percent drop in US natural gas futures
  • Grains sector was on track for its first monthly gain this year, bolstered by a resurgence in corn prices due to increased export demand

Embracing the future: Why Biden’s banking regulation push needs to include digital financial institutions

In an age driven by rapid innovations, more people are turning to fintech and digital banking solutions as traditional banking...
  • The Biden administration's push for tighter banking regulations is well-intentioned but must include a focus on digital banking to keep pace with rapid tech innovations
  • As more people are turning to fintech and digital banking solutions, the US government risks falling behind in a fast-changing sector by focusing only on legacy banks

Markets get affected as financial turmoil resurfaces

Crude oil has been challenged by the continued loss of risk appetite. The banking crisis has particularly impacted the energy...
  • The collapse of Silicon Valley Bank and troubles at Credit Suisse sparked turbulent trading activity, particularly in the bond market
  • Gold and silver have benefited from a 3.5% drop in the dollar and a 110bps collapse in the two-year US government bond yield

Fed in dilemma over inflation, financial stability

"It appears that the Fed has not learned from the mistakes of the 1980s. Throughout much of the 1970s, the...
  • If the US Federal Reserve had implemented an increase of more than 25 basis points, it could have triggered further instability
  • The Fed must learn from the past mistakes and proceed with caution to avoid financial instability, says deVere CEO Nigel Green

Optimal user experience crucial for hybrid workers

More than 60 percent of employees worldwide have chosen hybrid work structures, and over 66 percent of UAE employees prefer...
  • More than 60% of employees worldwide have chosen hybrid work structures, and over 66% of UAE employees prefer to work from home, says an expert
  • Remote workers face IT challenges that impede productivity, from UCaaS quality concerns to VPN access challenges, adds Gaurav Mohan of NETSCOUT

ESG investment, COP28 drive GCC sustainability bid

As the effects of climate change intensify each year, there is an urgent need to transform multiple industries to meet...
  • UAE accelerates its sustainability objectives with laser-focused ESG plans and policies, writes Damian Hitchen, CEO of SAXO Bank MENA
  • As the UAE is all set to host COP28, an investment pledge of AED600 billion by 2050 comes with its own set of challenges, he adds

MENA region shines more on the global energy map

The Abraham peace Accords between Israel and some Middle Eastern countries has paved the way for new cooperation and energy...
  • Diplomatic efforts, capacity building, and support for sustainability make Middle East and GCC region significant in global energy arena, says an expert
  • Tension between Russia and western Europe prompts search for new energy sources, benefiting oil-producing companies in the region, adds Ritu Singh of Stone X

Marketwatch: Commodities see bumpy start to March

The Chinese government’s desire to avoid making the same mistakes other governments and central banks have made has driven inflation...
  • March kicked off with continued and broad weakness after China and the US, the world’s two biggest commodity consuming nations, both delivered price softening news
  • Sentiment received a further setback after steep losses in two small US lenders – helping drive the S&P 500 index to a two-month low, a report by Saxo Bank suggests

Openness to new financial models and regulations draws international blockchain companies to the UAE

The UAE is poised to become a hub for blockchain firms and startups, and a leading example for the rest...
  • UAE's supportive regulatory environment and willingness to embrace innovative financial models attracted global firms and entrepreneurs to leverage web3 technologies
  • The growth and potential of virtual assets within the UAE are undeniable, and the country has created a framework that fosters innovation and economic sustainability

Digital innovation fuels surge in Iraq’s banking sector

"These banks excel not only in financial performance but also in adapting and innovating. Through partnerships with global entities like...

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Social media plays key role in shaping online trading

"The rapid pace and fervor surrounding social media have introduced volatility into financial markets, leading to instances where stocks, particularly...

AI, Industry 4.0 transform Middle East manufacturing

"As we look ahead, the manufacturing landscape is set to continue evolving, navigating through the VUCA (volatility, uncertainty, complexity, and...

AI, NLP transform business operations in Gulf region

AI and NLP are revolutionizing workplace efficiency by enabling employees to swiftly access essential information, thereby augmenting customer and personal...

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Russia-UAE economic ties strengthen with $9bn trade

The streamlined IP processes, including efficient patent registration and robust litigation frameworks, are key factors contributing to this thriving bilateral...
  • The UAE's innovations in the oil sector offer patent opportunities in Russia.
  • Intellectual Property (IP) protection vital for Russian imports of UAE goods.

Urgent need for container-specific data protection

With cyber-attacks up to 85% from 76% last year, organizations must prioritize proven backup and recovery plans to stay ahead...
  • Container technology, while not new, is reaching a widespread adoption tipping point.
  • Misunderstandings persist around container technology and Kubernetes management.

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...
  • AI-driven portfolio management systems are challenging traditional investment methods.
  • The future of investment may lie in a hybrid approach, combining AI with human insight.