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TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

‘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...

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...

‘Challenging year ahead for logistics industry’

Companies have used innovative methods to keep their operations running while overcoming numerous challenges linked to Covid-19 pandemic. However, the...
  • The limited capacity and high freight rates will remain until global vaccine campaigns gather traction
  • Logistic companies who fail to recognize necessity of digital adoption will be left behind

Ecommerce is fastest-growing channel in ME

In the Middle East, Saudi Arabia, Egypt, and the UAE account for nearly 80 percent of the overall ecommerce market.
  • A PwC report indicates that UAE consumers are making purchases on smartphones (53 percent), computers (39 percent) and tablets (31 percent)
  • As a result, the UAE’s retail ecommerce market reached $3.9 billion in 2020, indicating a 53 percent year-on-year increase

Breathable sand could disrupt UAE agri-sector

The technology could help the UAE grow more crops within its boundaries, ensuring food security, says Dake Rechsand CEO and...
  • The UAE is 80 percent desert, with less than 1 percent agricultural land
  • Systemic, climatic, and geographic concerns threaten food and water security in the country

New Dubai adventure: Eco-friendly surfing

What makes Dubai a tourist hub and an essential market for sustainable surfing is the region’s proximity to the sea?...
  • What makes Dubai a tourist hub and an important market for sustainable surfing is the region’s proximity to the sea
  • Artificial surfing has now takers in countries like Saudi Arabia, Oman, Qatar, and Egypt which also boast of a strong community of surfers

Jordan eyes investments with ICT growth

Investment opportunities also exist in IT solutions for Jordan's financial sector and enterprise solutions and emerging applications. In addition, Jordan...
  • Jordan's ICT sector generates 75 percent of the region’s Arabic internet content
  • Jordan offers a competitive proposition for investment in content applications and e-learning with fairly priced broadband internet tariffs

Saudi Arabia looks to lead solar-cell industry

Demand for PV technology will increase in 2022, says Fahad Bin Omairah, CEO of Bin Omairah Holding Company.
  • Masdar is a state-of-the-art PV solar panels factory with a total capacity of 1.2 GW and a SAR700 million investment
  • Solar panel systems are now priced $1-1.5 per watt

‘Saudi women entrepreneurs have it easier now’

Boundary-pushing journalist and entrepreneur Muna AbuSulayman tells TRENDS how things have changed for businesswomen in Saudi Arabia.
  • Young entrepreneurs who have never worked before struggle severely, and their businesses fail early, says Muna AbuSulayman
  • Influencers should create important and meaningful content for this new world and the new generations, she adds

Fast-rising politician pushes rebirth of Iraqi city

Halbussi, 40, travels frequently about the region, trading his elegant suits for jeans during field visits to shepherd the projects...
  • Halbussi, 40, travels frequently about the region, trading his elegant suits for jeans during field visits to shepherd the projects in Anbar province
  • Over the years Halbussi has been known to maintain good ties with the Baghdad federal government while cultivating relations with regional powers

Mikati seeks global support to revive Lebanon

The country no longer has the money needed to support its economy, says the new Prime Minister Najib Mikati said...
  • Lebanon is going through a major economic and political crisis
  • The World Bank has termed it as one of the deepest recessions recorded in modern times

Digitization key to Tamer Group’s success: Chairman

Tamer Group has achieved significant milestones in B2B to support digital fulfillment and enhance its services, chairman Ayman Tamer tells...
  • Mumzworld Acquisition will help the Group improve the B2B services and extend the digital journey to include B2C, says Ayman Tamer
  • As a Pearl Initiative partner, Tamer Group says it has adopted the best corporate governance and transparency standards

‘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...

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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...

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 —...

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...

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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

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

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