Dubai moves from importing innovation to exporting it, says Future Solutions Head
Dubai’s innovation ecosystem is entering a new phase, argues Amer Abdulraoof, Head of Dubai Future Solutions – Prototypes for Humanity,...
Interview
A dirham and a dream: Matthews Southwest’s Jay French on future of UAE real estate
From an institutional investor-based viewpoint, it is becoming of interest more now than it ever has been. And that's a...
Interview
Interview
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
Interview
MENA businesses are battling social media scams
Saeed Ahmad, Callsign’s Managing Director for the MENA region, explains how a single fraudulent message impersonating an entity can erode...
- Scams have targeted 66 percent of people in the UAE in recent years, and the phenomenon is spreading
- Around 50 percent of the region’s consumers lose faith in an organization whose name appears in a scam message
Interview
F&B sector in GCC eyes greater sustainability
Tetra Pak Arabia Managing Director Niels Hougaard explains what lies ahead for F&B companies — bith regionally and globally —...
- Pollution and plastic litter in the ocean are the joint top environmental worry, while global warming is a close second
- GCC countries have launched several initiatives to educate consumers about recycling and sustainable consumption
Business
New UAE law boosts family business growth
Haoula considers it extremely important to sustain family businesses as a recognition for their efforts historically, and for the advantages...
- Corporate tax in the UAE is expected to be among the most competitive in the world, due to the 9% introductory rate and no tax for profits up to $102k
- Personal income that does not come from a licensed business or commercial activity in the UAE will not be subject to corporate tax
Interview
Saudi Crown Prince opens up on every little thing
Saudi Arabia’s Crown Prince Mohammed bin Salman has created quite a few ripples with his views on all things important...
- The crown prince said he was leaning towards taking Saudi Arabia towards the ‘real teachings’ of Islam
- He also said the country was working towards codifying Islamic law as had been handed down directly by the Prophet
Interview
Israel stock exchange eyes GCC investors
In an exclusive interview, Tel Aviv Stock Exchange CEO Ittai Ben-Zeev speaks on his strategy to attract investors from the...
- The UAE is key to the relatively small but growing Israeli bourse’s new strategy of “going east” to globalize its foreign investment pool
- Tel Aviv Stock Exchange has traditionally been heavily oriented towards the US, but is now looking to expand to the GCC and the rest of the world
Interview
GCC beauty sector puts best face forward
Consumers are spending more on beauty products and fragrances despite inflation, says Salem Kaissi, Vice-President of multi-brand luxury beauty concept...
- Brands have had to strategize and react quickly to continue resonating with consumers in the market
- According to Euromonitor International, the sector is estimated to be worth $58.3 billion by 2025
Interview
AI/ML boosts efficiency of GCC frontline workers
The Gulf region leads in adoption of artificial intelligence or machine learning to boost productivity, says Rami Darwish, CEO of...
- The pandemic has highlighted the importance of making digital solutions available for field staff
- Frontline and back-office must be on the same platform to facilitate information flow
Analysis
What’s driving EV uptake in MENA?
Experts help TRENDS see the road that lies ahead for electric vehicles in the region, and its one of hope:...
- Globally, 88 percent of EV owners are under the age of 45
- A recent EV study revealed a similar trend in the UAE and Saudi Arabia
Interview
Remote working becoming a norm in MENA: Zoom
The year 2022 would “offer a more comprehensive acceptance of remote working policies, as more companies are allowing employees anywhere,”...
- Around 76% of the UAE respondents chose Zoom as their preferred platform
- Zoom is working hard to accelerate the UAE’s digital development across various sectors
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Dubai moves from importing innovation to exporting it, says Future Solutions Head
Dubai’s innovation ecosystem is entering a new phase, argues Amer Abdulraoof, Head of Dubai Future Solutions – Prototypes for Humanity,...
Interview
Company News
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‘KSA bets big on technology and AI, makes global supply chain excellent’
Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef highlighted his ministry’s role in the country’s development in...
Interview
Rise and fall of luxury-loving former Malaysia first lady
Rosmah Mansor, who was sentenced to 10 years in prison and given a US$216 million fine for graft, has been...
Geostrategy
Qatar Economic Forum highlights country’s role
The forum reflects the strategic position of Qatar as an influential economic player and as a bridge for communication and...
Interview
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Business
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
Analysis
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
Interview
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