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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.

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

Constant evolution of enterprise technology helps Middle Eastern economies grow at faster pace

Enterprise technology will move from closed, centralized platforms to more open, federated, and streaming ecosystems of services. The key battlegrounds...
  • Changes in enterprise technology lie at the root of major shifts in the economy and in the ways that companies do business, across nearly every industry
  • Customers are pulling companies toward this technology-driven edge, since many now prefer using digital platforms to deal with real people, say experts

Word of mouth eventually makes customers custodians of brands through trust and meaningful connections

People share ideas or content or experiences that reinforce their values or their sense of identity, which is good for...
  • For the last 10 years, business models have been taking big leaps toward profits with marketing strategies largely driven by new technologies
  • However, word of mouth remains the biggest driver of business even today. People share ideas or content or experiences that reinforce their values or their sense of identity

Fast-paced digital lifestyle of customers key focus of marketers as they seek to beat peers, competitors

With the use of advanced analytics platforms, marketers can measure consumer engagements, gaining insights into their brand equity, learning to...
  • Marketers are looking for platforms that can leverage unified marketing data from various channels and campaigns and simplify analysis.
  • Brands need tangible data that tells them how their campaigns are performing in real-time to optimize for improvement.

Vision 2030 empowers women in Saudi legal sector

"The progressive momentum generated in the past decade fills us with positivity and reassurance in the Kingdom, where we have...

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US curbs on Iran’s oil exports may hit global portfolios

The US tightening sanctions on Iranian oil could have a negative impact on individual and institutional investment portfolios by disrupting...

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...

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...

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New initiatives to enhance Saudi market infrastructure

"This quarter, we focused on enhancing our market infrastructure and introduced several initiatives, including changes to the debt market; negotiated...
  • In Q2 2023, Saudi's capital market grew steadily, with Main Market capitalization rising by 9.24%, despite slower GDP growth and declining inflation from Q1
  • Nomu - Parallel Market's capitalization surged by 54.61% during Q2 with eight new companies listed, as Saudi Exchange prioritized attracting foreign investors

Logistics delivers boom with value-added services

"A top-tier, industry-specific enterprise resource planning (ERP) solution is vital for efficiently delivering these value-added services. Distributors grapple with supply...
  • The Middle East and African freight and logistics market is predicted to record a compound annual growth rate of about 6% between 2023 and 2028
  • To tap into growth opportunities in the region and for better results, distributors must consider incorporating value-added services into their strategies

BRICS expansion points to a shift in global dynamics

The Middle East, with its vast resources and strategic position, can play a crucial role in BRICS' vision of a...
  • The inclusion of major Middle Eastern countries, six out of the ten biggest global oil suppliers, will now be part of the BRICS
  • This gives the alliance significant leverage in the global energy market, potentially influencing global oil prices and energy policies