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Aramco Q1 profit down 14.5%

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

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

Five skills workers require in real estate

Saudi Arabia’s real estate sector is evolving with new regulations, creating fresh job opportunities. The latest initiatives seek to enhance...

Tough laws, quotas may plug GCC gender gap

Despite being the most educated demographic, women in the region have the lowest employment rates. it is crucial to incorporate...
  • Experts say that at this pace, it will take Middle East and North Africa region more than 142 years to bridge the gender gap.
  • While more companies are paying closer attention to Diversity, Equity and Inclusion issues persist in the GCC region.

Excess, storage issues behind food waste in GCC

Globally, around 14 percent of food produced is lost between harvest and retail, while an estimated 17 percent of total...
  • When food is lost or wasted, all the resources that were used to produce this food - including water, land, energy, labor and capital - go to waste.
  • The UN says the disposal of food loss and waste in landfills, leads to greenhouse gas emissions, contributing to climate change.

MENA startups raise $103 million in Jan

Startups in the Middle East and North Africa raised $3.94 billion in 2022, a 24 percent increase in investment value...
  • In the first half of 2022, startups in the Middle East raised around $1.8 billion, according to a MAGNiTT report.
  • The fintech sector remained the most capital attracting sector last year, raising nearly $1.7 billion.

UAE tops globally in tertiary education

For the 12th year in a row, Switzerland leads the ranks on the Global Innovation Index. South Korea was the...
  • The 2022 GII says it tracks the most recent global innovation trends against the background of the pandemic, slowing productivity growth and other evolving challenges.
  • It looks at whether stagnation and low productivity growth are here to stay, or whether we are about to enter a new era, where new innovation spurts.

WEF-supported TTI to fuel UAE growth spurt

The initiative is a crucial step in modernizing global trade, using the tools of the Fourth Industrial Revolution, said Dr...
  • The UAE signed an MoU with the World Economic Forum during the annual meeting at Davos to support its Trade Tech Initiative.
  • It is aimed at accelerating the digitization of international supply chains, enhance customs procedures and spur trade growth.

Resilient UAE health sector attracts job seekers

At G20's first Health Working Group meeting in India, UAE affirmed its commitment to play an active role in addressing...
  • One of the prominent successes of Nafis program has been the inclusion of local students in health sector cadre development.
  • A UAE delegation attended G20's first health working group session held in India from January 18 -20.

Two UAE cities among best expat destinations

Expat Essentials Index ranks cities on the basis of quality of life, ease of settling in, working abroad, personal finance...
  • The United Arab Emirates is the best place for expatriates to thrive professionally, according to InterNations Expat City Ranking 2022’s Expat Essentials Index
  • The rankings are based on in-depth information about five areas of expat life: Quality of Life and Ease of Settling In Working Abroad, Personal Finance and new Expat Essentials.

Gulf states stare at slower GDP growth in 2023

The world, according to the latest World Bank report, may be edging toward a global recession this year. Here is...
  • The world may be edging toward a global recession in 2023 and a string of financial crises in emerging market and developing economies, according to the World Bank.
  • The head of the IMF, Kristalina Georgieva, also talked of a tougher 12 months ahead and expects a third of the world to experience a recession.

Saudi-China relations warm up with strategic deals

A recently reached Comprehensive Strategic Partnership Agreement has further enhanced the historical friendly relations between Saudi Arabia and China.
  • A recently reached Comprehensive Strategic Partnership Agreement has further enhanced the historical friendly relations between Saudi Arabia and China.
  • The two sides had recently signed several agreements and MoUs to enhance bilateral ties to serve the interests of the two countries and their people.

35.6% rise in Saudi women’s economic participation makes TOP CEO Conference’s May predictions true

The confirmation of an increased participation of women in workplace comes months after the TOP CEO Conference held in May...
  • The confirmation of an increased participation of women in workplace comes months after the TOP CEO Conference held in May 2022 had highlighted its economic justifications
  • Saudi Khaled Almaeena had stressed on how the private and public sectors were essential in encouraging women to work and took measures like having nurseries in the offices

Focus shifts to societal impact and ethical use of AI

AI and data stakeholders will gather at Global Data Dialogue 2023 -- to be hosted in Dubai next week by...

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Saudi Arabia hub of big healthcare firms

The current healthcare expenditure in the Gulf Cooperation Council region is expected to reach $135 billion in 2027, implying an...

Innovation key to solving Gulf water woes

Improved farming techniques, better desalination technologies, awareness campaigns and global cooperation can mitigate the regions problems caused by water scarcity.

UAE and Saudi to lead GCC e-commerce boom

The UAE is likely to remain the top e-commerce market in the GCC in 2023 but Saudi represents the largest...

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Real estate, e-commerce to push UAE growth

Global economic challenges have led the UAE to review priorities and investment trends, with a focus on five key sectors:...
  • The UAE economy recorded its fastest growth rate in over a decade despite the global economic slowdown.
  • The IMF expects the UAE’s non-oil economy to grow by about 4 percent in 2023 and accelerate over the medium-term.

Tough laws, quotas may plug GCC gender gap

Despite being the most educated demographic, women in the region have the lowest employment rates. it is crucial to incorporate...
  • Experts say that at this pace, it will take Middle East and North Africa region more than 142 years to bridge the gender gap.
  • While more companies are paying closer attention to Diversity, Equity and Inclusion issues persist in the GCC region.

Excess, storage issues behind food waste in GCC

Globally, around 14 percent of food produced is lost between harvest and retail, while an estimated 17 percent of total...
  • When food is lost or wasted, all the resources that were used to produce this food - including water, land, energy, labor and capital - go to waste.
  • The UN says the disposal of food loss and waste in landfills, leads to greenhouse gas emissions, contributing to climate change.