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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.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

‘UAE’s new labor law is a game-changer’

Legal and business leaders tell TRENDS that the new legislation is in line with the industrial modernization roadmap that the...
  • The changes in the new labor law are fairly substantial and necessitate amendments to existing employment contracts
  • They also call for modifications to policies and procedures concerning future agreements with new employees

Musk’s world and we just live in it

Buying Twitter is just the latest conquest for Musk, who has revolutionized the car industry, sent his own rocket to...
  • Musk, 50, last year became the world's richest person taking the title from Amazon's Jeff Bezos
  • His new guise as a social media overlord will fuel controversy over his political views, business methods and outsized personality

Should you invest in Metaverse real estate?

The economic opportunities and jobs created by the Metaverse will revolutionize how we work, socialize, play, and earn, says Sebastien...
  • Revenues from the Metaverse are estimated to grow to $800 billion in 2024
  • Metaverse plot prices rose from $100 in January 2021 to $15,000 in December 2021

GCC FMCG market faces headwinds

Certain FMCG companies benefited from the pandemic since people spent more time at home baking and spending time together. As...
  • Rising worldwide raw material and transportation costs have put pressure on FMCG profits
  • The current global issues caused by rising oil prices is also impacting consumers and prices

Abu Dhabi to trade carbon credits like assets

Carbon credits can be traded on legal carbon markets, such as the Emissions Trading System of the European Union. They...
  • Expected to launch in Q3 2022, ACX will be established as a recognized investment exchange regulated by ADGM
  • The GCC's broader plan to achieve net-zero was one of the main factors in establishing a carbon market in Abu Dhabi

BNPL gains currency in the UAE

It also seems to be extremely helpful for customers who want to pay for a purchase in installments or make...
  • BNPL payments in the UAE are expected to grow 89.4% on an annual basis to reach $1.82 billion in 2022
  • BNPL is not just for Gen Y and millennials; it is expected to see adoption by elderly individuals as well

GCC luxury market grows despite supply chain woes

The GCC personal luxury market will continue to be on a ‘strong growth trajectory,’ Chalhoub Group Chief Strategy Officer (CSO)...
  • High-end jewelry is expected to continue to record strong growth in the region
  • Meanwhile, online shopping has doubled in the Middle East in the last two years

Inspiring people is ‘a good legacy’: Sheikha Lubna

Sheikha Lubna Bint Khalid Al Qasimi, the first woman to be an Emirati cabinet minister, opens up to TRENDS about...
  • In the UAE, every generation witnesses significant changes, but one constant is the government’s support towards and confidence in youth, said the Sheikha
  • Empowering women and giving them the right opportunities is not new; it had already started since the foundation of the UAE, she added

Smartphones, net speed fuel Saudi ecommerce boom

Pablo Martinez, Managing Director and Senior Partner at the Boston Consulting Group, sheds light on what lies ahead for the...
  • In 2020, the Saudi ecommerce accounted for only 6% of overall retail sales, while major markets contributed 18%
  • Only a small set of online retailers in influential cities of the kingdom offers same-day delivery, a standard in developed markets

GCC retail electronics set for boost as buyers return

The retail electronics sector has proliferated in GCC countries, with demand rising not only due to the urge to own...
  • In 2020, the global consumer electronics market was expected to generate revenues of $1.4 bn, with a CAGR of 4.6%
  • The retail electronics market reached over $1 bn globally in 2022, and is expected to grow by 1.82% annually

‘Visa-free entry for GCC nationals will enhance business collaboration’

In an interview with TRENDS, CEO of ITCN Asia, Muhammad Umair Nizam highlights the expanding role of Pakistani IT firms...

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Should you invest in Metaverse real estate?

The economic opportunities and jobs created by the Metaverse will revolutionize how we work, socialize, play, and earn, says Sebastien...

GCC FMCG market faces headwinds

Certain FMCG companies benefited from the pandemic since people spent more time at home baking and spending time together. As...

Abu Dhabi to trade carbon credits like assets

Carbon credits can be traded on legal carbon markets, such as the Emissions Trading System of the European Union. They...

Most Read

GCC luxury market grows despite supply chain woes

The GCC personal luxury market will continue to be on a ‘strong growth trajectory,’ Chalhoub Group Chief Strategy Officer (CSO)...
  • High-end jewelry is expected to continue to record strong growth in the region
  • Meanwhile, online shopping has doubled in the Middle East in the last two years

Inspiring people is ‘a good legacy’: Sheikha Lubna

Sheikha Lubna Bint Khalid Al Qasimi, the first woman to be an Emirati cabinet minister, opens up to TRENDS about...
  • In the UAE, every generation witnesses significant changes, but one constant is the government’s support towards and confidence in youth, said the Sheikha
  • Empowering women and giving them the right opportunities is not new; it had already started since the foundation of the UAE, she added

Smartphones, net speed fuel Saudi ecommerce boom

Pablo Martinez, Managing Director and Senior Partner at the Boston Consulting Group, sheds light on what lies ahead for the...
  • In 2020, the Saudi ecommerce accounted for only 6% of overall retail sales, while major markets contributed 18%
  • Only a small set of online retailers in influential cities of the kingdom offers same-day delivery, a standard in developed markets