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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

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....

Gold jumps out of the gate to kick off 2023

Traders' conviction at the beginning of a new trading year always tends to be low for fear of catching the...
  • Gold, together with silver and platinum, is among a few commodities trading up as the new year gets under way, writes Ole S Hansen, the Head of Commodity Strategy at Saxo Bank
  • Gold’s newfound resilience and momentum from December has been carried over to January as investors seek shelter from what has been forecast to be another overall challenging year

What 2023 has in store for the GCC auto industry?

A number of other things will also influence the auto industry this year. The most obvious being the expectation of...
  • In 2022, customers across the GCC faced issues in availability of vehicles, restrictions on configurations and delays in those vehicles once orders were placed
  • The semi-conductor crisis is far from completely resolved and will impact the auto industry in the GCC and the rest of the world in 2023

Industrial manufacturers need to be proactive amidst rising rates, skilled labor crunch and fewer subsidies

Organizations that decide not to or are unable to act will continue to find themselves patching together reactive solutions to...
  • While the global slowdown may reduce some of the tension on the labor markets, having access to the right skills in the right place will be an ongoing challenge
  • The year 2023 is expected to see increasing attempts at cyberattacks, both to gain access to critical data and to enact ransomware

IT sector needs to prioritize few key areas in 2023

Telco companies have already been building clouds for years, but as the drive towards distributed applications, choice and a highly...
  • Technology, by and large, continues to present huge promise at a time when certainty and reliability is otherwise in short supply, says Joe Baguley of VMware
  • Finite financial resources with rising costs and an increasing drive for more effective governance fail to slash the list of IT leaders’ priorities, he adds

Networking set for major transformations next year

With an intensified focus on end user quality of experience while increasing protection from cyberattacks, IT will look to a...
  • The network now plays an even stronger role, powering the transformation journey that’s needed to thrive during uncertainty and preparing organizations for what comes next in 2023
  • Adopting a NaaS strategy will help organizations meet sustainability objectives since leading NaaS suppliers have adopted carbon-neutral and recycling manufacturing strategies

Improved management may reduce insurers’ costs

Insurance claims are the ‘moment of truth’ for the customer and the biggest cost in the potential profit and loss,...
  • Claims management is growing increasingly complex, making it hard to identify the opportunities and define the solutions that are vital to future success
  • Closed claims assessment can be an intense and time-consuming activity, but the savings potential outweighs the effort involved, says an Arthur D. Little report

EVs help GCC countries achieve net zero goals

Through strategic investments in our vehicles, services, businesses and technologies, we are leading the way toward a cleaner, smarter and...
  • We remain optimistic for a bright future of mobility as regional governments bring to life various net zero visions, writes Gary West of General Motors
  • Through strategic investments in our vehicles, services, businesses and technologies, we are leading the way toward a cleaner, smarter and safer society, he adds

Stories from MENA that defined democracy in 2022

The MENA region remains largely uneven, and the democracy and human rights situation looks bleak with little prospect of improvement...
  • During 2022, autocrats in the region have taken advantage of opportunities to extend their powers, says International IDEA’s Global State of Democracy 2022 Report
  • Overall, the MENA region remains largely uneven, and the democracy and human rights situation looks bleak with little prospect of improvement in 2023, the report adds

Growing skill gap adds to cybersecurity burnout

Studies suggest that the Middle East and Africa region rank fourth worldwide in terms of the most ransomware attacks. Between...
  • Less than half of new employees receive cybersecurity training and regular updates throughout their career, highlights a study by Accenture
  • Well-trained staff and a monitored environment are crucial to the successful protection of any organization, says Adrian Taylor of A10 Networks

The rise of the new Arab World

Cities across Europe and North America, and their infrastructure, service and hospitality are pale in comparison to the Arab region...
  • Today, Abu Dhabi, Doha, Dubai, and Riyadh [in alphabetical order] are among the best cities/markets to work and live in, with opportunities and speed of execution unseen elsewhere
  • The developments of the past two months have shown the world that this part of the planet will have a bright future, writes Julien Hawari, a Dubai-based thought leader

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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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.