With national campaigns such as The Emirates: The Startup Capital of the World setting targets of training 10,000 Emiratis and...
In an interview with TRENDS, Josh Lerner says Gulf economies pursuing diversification must recognize that transformation takes time, patience, and...
At least 50 semiconductor design companies will be established in Saudi Arabia by 2030 after a new initiative was launched to develop...To be supported by deep tech venture capital fund that exceeds $266 million
Hub is a strategic effort to establish a semiconductor design industry ecosystem in Saudi worth SR50 billion
Political and business leaders in the Arabian Gulf region push for sustainability agenda to secure clean environment for the future..."In the case of climate, we are not the dinosaurs. We are the meteor. We are not only in danger. We are the danger", says UN chief
Sheikh Mohammed bin Rashid says: "We renew our call to the younger generations to make all efforts to ensure its [environment's] sustainability."
- Geneva, Switzerland – The latest Chief Economists Outlook released on May 29 presents a growing sense of cautious optimism about...
The survey reveals a boost in the outlook for the US, where nearly all chief economists (97%) now expect moderate to strong growth this year, up from 59% in January
Expectations for China are slightly less optimistic, with three-quarters expecting moderate growth and only 4% predicting strong growth this year
Cairo, Egypt - Egypt's cabinet decided Wednesday to raise the price of subsidized bread for the first time in 30 years,...The price of a loaf, long set at five piastres ($0.001), would quadruple to 20 piastres ($0.004) from June 1, Prime Minister Mostafa Madbouly told a news conference
Madbouly acknowledged the move would be unpopular but emphasised the need to "rationalise the burden on the state treasury to ensure the sustainability of subsidies."
- Federal Reserve official Neel Kashkari has reiterated the Fed’s wait-and-see approach about possible rate cuts. In a recent interview on CNBC, Kashkari, who serves...
The labor market remains strong in the U.S.
The consensus is that the first rate cut won’t arrive before September
- For the second consecutive year, the Middle East is the fastest-growing real-time payments market globally, according to the 2024 Prime...
The region saw a remarkable YoY growth of 33.6% in 2023 with 855 million real-time payment transactions
Transaction value in the Middle East is projected to rise from US$230 billion in 2023 to US$903 billion by 2028
Asian markets diverged Thursday after minutes from the Federal Reserve's most recent policy meeting indicated officials would keep interest rates...Federal Reserve's most recent policy meeting indicated officials would keep interest rates elevated
Nvidia showed it turned a profit of $14.9 billion in the first quarter
France and the United Arab Emirates on Tuesday signed a "strategic partnership" on artificial intelligence (AI) aimed at boosting cooperation...In 2017, the UAE became the first country in the world to appoint a minister of state for artificial intelligence, digital economy and remote work
In April, US tech giant Microsoft announced a $1.5-billion investment in UAE-based artificial intelligence firm G42
Qatari Prime Minister and Minister of Foreign Affairs H E Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani delivered on...Qatar is moving towards a comprehensive digital transformation by investing more in technology, innovation and AI
The Qatar Central Bank (QCB) to issue guidelines on how to adapt artificial intelligence
- Tehran, Iran - India and Iran on Monday signed a 10-year contract to develop and equip the strategic Chabahar port in...
The agreement will give India 10-year access to use the port, located close to Iran's southeastern border with Pakistan, according to Iran's Ministry of Roads and Urban Development
The contract will in turn see India Ports Global Limited (IPGL) invest $370 million into "providing strategic equipment" and "developing the transport infrastructure of the port".
