Investment and innovation behind Qatar’s tech success
Maher praises the Gulf country for its substantial efforts, investments, and innovative ideas that have transformed it into a prime...Economy
UAE presses for ‘sustainable development policies’ at BRICS meeting in Brazil
Sao Paulo, Brazil-- The UAE has affirmed that it collaborates with the BRICS nations in order to establish sustainable development...Economy
Inflation, uncertainty rule as 2022 comes to an end
The country profiles -- arranged in alphabetical order -- summarize recent data, presenting statistical narratives of a country that include...As the new year is set to begin, TRENDS wishes all its readers a very happy and prosperous New Year.
We also consider it crucial to review and document the profiles of the important countries in the region and across the world.
Data set to drive GCC telecom growth in 2023
Mobile data service revenues are expected to reach 60 percent of the total GCC mobile service revenues by 2026.The GCC mobile market is forecasted to grow meagerly at a CAGR of 1.9 percent during 2021-26.Â
To arrest a further decline in voice revenues, mobile operators have been selling mobile voice and data service bundles.
Dubai records US$2.6bn in weekly real estate transactions
DUBAI, UAEÂ - A total of 2,790 real estate transactions worth US$2.6 billion (AED9.6 billion) were conducted during the week...A total of 2,790 real estate transactions worth $2.6 billion were conducted during the week ending December 30, 2022.
The DLD report showed that 179 plots were sold for $378 million.
Dubai Courts, Moro Hub ink pact to enhance cooperation in cyber security
DUBAI, UAE - Dubai Courts signed a Memorandum of Understanding with Moro Hub, a subsidiary of Digital DEWA, the digital...Leveraging on Moro’s capabilities, the MoU will serve the society’s interest in providing a comprehensive legal framework to combat cybercrimes.
The MoU will help in exchange of knowledge and leverage on expertise as per Dubai Courts mission of achieving precise and swift justice.
10 oil field workers killed in Syria attack, says state media
BEIRUT, LEBANON -  An attack in eastern Syria killed 10 oil field workers, state news agency SANA reported on Friday, a...In addition to 10 dead, two others have been wounded in a terrorist attack that targeted three buses transporting workers from al-Taim oil field, state media said.
The agency did not provide any information on the nature of the attack in the Kurdish-held area or who may be behind it,
EAD imposes fines worth US$89,312 over environment violations
ABU DHABI, UAE - The Environment Agency – Abu Dhabi (EAD) has imposed 32 administrative fines, totaling US$89,312 (AED328,000) since...The Agency followed up with the violating establishments to ensure that corrective measures were taken to remove or mitigate the causes.
Violations included submitting incorrect data to EAD, changing data contained in licenses, or polluting the soil, water or air in protected areas.
Surging UK energy bills spark tensions among tenants
In Britain, the average domestic energy bill has roughly doubled over the last 12 months. That has helped push inflation...Household electricity and gas bills have rocketed across Europe this year, after key energy producer Russia invaded Ukraine in February
Simon Francis, campaigner at pressure group End Fuel Poverty expressed concern that some tenants - whose rent includes energy bills - might not benefit from state assistance
Debt spiral engulfs Turkish voters months before polls
Turkish media say the total number of debt recovery cases rose by about 1.5 million in a year and exceeded...The main banking regulator says the value of unpaid individual loans in the nation of 85 million people rose from 17 billion to 29 billion liras between March and September
Economist Erinc Yeldan said Turkey was experiencing fallout from a years-long policy that encouraged cheap lending to achieve rapid rates of economic growth
AGFUND, AMF ink MoU to promote economic development in Arab region
The MoU will focus on supporting micro, small and medium-sized agricultural projects, and digital financial transformation.The MoU will focus on supporting micro, small and medium-sized agricultural projects, and digital financial transformation
AGFUND also announced its support for the comprehensive economic reform programme signed between the AMF and the Yemeni government, funded by Saudi Arabia
Unemployment rates to decline in Saudi, UAE in 2023: report
Many markets in the Middle East and Africa show a larger gap between affluent and non-affluent households in 2019 vs...Many markets in the Middle East and Africa show a larger gap between affluent and non-affluent households in 2019 vs 2022 discretionary spending
As food and energy costs eat up a greater share of the consumer budget, lower-income households will feel an especially strong pinch
