UAE leads as ease in doing business makes prospects bright for small startups, self-employed across GCC
The market for small startups and self-employed entrepreneurs will boom due to lower startup cost amidst policy reforms and more...
Interview
Abu Dhabi launches association to promote blockchain in region in line with TOP CEO Conference call in May
The Middle East, Africa and Asia Crypto and Blockchain Association aims to bring industry players together to discuss strategies and...
Business
Business
Artificial intelligence will add $10 trillion to global economy: IBM CEO
Greater adoption of AI in the UAE could also add up to $200 billion in productivity gains by 2030, he...
- Arvind Krishna, Chairman and CEO of IBM, was speaking at the World Government Summit 2022
- He warned that the planet lacks skilled people to keep up with the pandemic-induced disruptions
Business
FedEx founder quits as CEO
Frederick Smith is stepping down after some five decades at the post.
- The change in guard will take place on June 1, with Smith becoming executive chairman
- Meanwhile, Chief Operating Officer Raj Subramaniam will ascend to president and CEO
Interview
Skills gap challenge for GCC digitization, says du CEO
GCC companies should work closely with digital and software companies to expedite digital transformation, says Fahad Al Hassawi, CEO of...
- du is the second largest telecom service provider in the UAE, and its 2021 revenues grew by 5.4% to $3.19 billion
- Agility will be key to the telecommunications industry and requires telecom operators to look beyond connectivity, says al Hassawi
Business
Arab News joins hands with Arab Women Forum
Arab women leaders will share their success stories, challenges and opportunities at the Forum organized by Special Edition in Dubai...
- Senior government officials, women business leaders, academicians, technocrats, and entrepreneurs are expected to participate in this year’s Forum
- The Forum will discuss topics ranging from the image of Arab women to the issues with a quota system, workplace of the future, women entrepreneurs and Arab women in technology
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
Business
The Blockchain Opportunity
Are regional governments ready to adopt blockchain technology to boost business payments, transactions, interbank payments and corporate dealings?
- Adopting blockchain is likely to boost financial transactions, interbank payments and corporate dealings in the region
- From banking to healthcare, blockchain business applications are transforming the way data is stored, and accessed
Economy
Bahrain’s Growth Dynamics
Bahrain has a $90 per barrel breakeven oil price, so the country is moving forward with serious economic diversification plans...
- Bahrain has a $90 per barrel breakeven oil price, so the country is moving forward with serious economic diversification plans
- The economy of Bahrain has particular strength in the financial services and technology sectors and related industries
Why are you cutting costs and how?
While restructuring should be a regular part of economic and business cycles, what’s happening in the GCC region is just...
- Global slowdown has led to volatile oil prices, businesses, geopolitical tensions and a pullback in government spending
- Key industries in the GCC from construction and retail to logistics and energy are feeling the strain of lower-than-expected growth rates
Business
Humanity vs Technology
Artificial intelligence and machine learning are stirring as much of a concern about job security as they are steering efficient...
- Artificial intelligence and machine learning are stirring as much of a concern about job security as they are steering efficient outcome strategies.
- About 84 percent of investors will rather depend on the human touchpoint of financial advisors than rely on automated investment technologies, says a survey
Business
Do structural reforms attract FDI?
As regional bourses aim to compete with developed markets, questions are also being raised over the state of reforms, the...
- Most countries in the GCC have embarked upon a tremendous raft of regulatory improvements
- A key factor of reform and regulation and attracting FDI into the region is investor confidence
UAE leads as ease in doing business makes prospects bright for small startups, self-employed across GCC
The market for small startups and self-employed entrepreneurs will boom due to lower startup cost amidst policy reforms and more...
Interview
Company News
Latest News
Widening cultural offerings add to Dubai’s growth
Arts & Culture
Realty helps UAE’s economy settle into new normal
The UAE's residential real estate market is poised to grow at a CAGR of 12.36 percent by 2026, Sharjah Sustainable...
Economy
Widening cultural offerings add to Dubai’s growth
Alternative cinematic content is helping the emirate's creative economy diversify and contribute to its GDP, Butheina Hamed Kazim, Founder and...
Arts & Culture
UAE, Saudi Arabia set new halal economy goals for GCC
Beside halal food business, Islamic banking holds the largest share of the Sharia-compliant industry, says Nik Joharris Nik Ahmad, country...
Business
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Business
GCC businesses need to diversify board members
The percentage of women on boards in corporate houses across the GCC countries is low, Christiane Schloderer, INSEAD Alumni Association's...
- Boards that lack women representation suffer reputational and possibly regulatory issues, says Christiane Schloderer, INSEAD Alumni Association's senior member
- Remuneration and placement committees, headhunters, and chairperson play an important role in appointing women in the key positions, she says
Business
Energy, technology and finance lead Gulf IPOs
Energy, utilities and natural resources account for 42% of the total IPO proceeds, TMT 27% and financial services 21%, Odin...
- Overall, equities in GCC capital markets performed well, with deal volume and valuation up 369 percent in 2021 compared to 2020, bringing in $7.7 billion in new money.
- Energy, Utilities and Natural Resources accounted for 42 percent of the total IPO proceeds, TMT 27 percent and financial services 21 percent.
Business
‘Digitization transforming Islamic banking in GCC’
The use of CX capabilities, digital media, predictive analytics can help banks develop personalized Shariah-compliant services, says Dubai Islamic Bank...
- The use of CX capabilities, digital media, and predictive insights and analytics can help banks develop personalized Shariah-compliant services, says Group CEO Dubai Islamic Bank
- Islamic banks partnering across the digital economy through open banking can widen choice by creating new and incredibly exciting financial and non-financial services, he adds