Dubai, UAE - The total economic output generated by 63 large-scale events hosted at Dubai World Trade Centre (DWTC) reached $3.53 billion (AED 13 billion) in 2022. Out of this amount, a substantial $2.01 billion (AED 7.4 billion) was retained within the local economy, showcasing the venue's strong contribution to...

The net profit for the year was $31.96 million, the firm said.

Ras Al Khaimah, UAE-- Ras Al Khaimah Economic Zone (RAKEZ) welcomed over 4,200 new companies to its business community in 2022, recording 18 percent growth compared to 2021. The economic zone recorded a 206 percent growth in new general trading companies, with 413 licenses issued. E-commerce businesses were second with...

TRENDS looks back at the events that grabbed attention worldwide. From Russia-Ukraine war to Saudi summits to Argentina's marvelous World-cup victory, 2022 had seen it all.

From among a small pool of short-listed CEOs of listed firms, each winner was picked on the basis of growth, size, profitability, and corporate governance of the company they led.

The tourism sector of the Jordanian economy has seen a huge growth, with more than 1.9 million visitors arriving in the kingdom during the first six months of the current year Tourism Minister Nayef Al-Fayez described the situation as reassuring. He said the return of expatriates was an important component...

During the first half of the current year, startups in the Middle East have succeeded in raising $1.8 billion, according to a MAGNiTT report. The fintech sector remained the most capital attracting sector, raising nearly $1.7 billion and accounting for 34 percent of the total funding secured across all markets....

Egypt is expecting to rake in $3.5 billion in revenues from the Suez Canal during the first half of 2022, according to Osama Rabie, the chairman of the Suez Canal authority. 

Japan's economy shrank slightly in the first quarter of 2022, official data showed Wednesday, hit by Covid-19 restrictions and higher prices. Growth was also hit by the rising cost of imports with energy prices surging and the yen falling to its lowest level against the dollar in 20 years.

Saudi Arabia has okayed six tourism projects to the tune of $400 million in the first quarter of 2022.

The Saudi dairy company recorded 9% jump in net profit.

The International Data Corp. has predicted Saudi spending on information and communications technology to touch $33 billion in 2022, a growth of 2.3 percent.

Saudi Ports Authority has posted a 17.5 percent increase in its general cargo's volume of tons in 2022, compared to the same period in 2021.

Some 80 percent of Saudi Arabia's employers are considering to add to their workforce in 2022, with a reasonable decline in the rate of coronavirus infection in the kingdom and beyond in the GCC.

Moody’s has depicted a bleak outlook for sukuks in the current year because of a spike in oil prices and lower financing needs in the GCC.

A year after it posted sharp growth, global trade in goods and services is expected to slow down, according to the UN's estimate.

Sukuk issuance volumes will not grow significantly in 2022 as global interest rates rise and funding needs for Gulf economies fall, according to a report from S&P Global Ratings.

Powered by a highly personalized content recommendation system TikTok can help brands connect with a qualified, engaged audience, the Talkwalker and Hubspot research says.

After the progress and setbacks to travel and tourism in 2021, enthusiasts are looking to make the best of 2022.

The Atlantic Council has announced that the 2022 Global Energy Forum will now be held alongside Expo 2020 in Dubai from 28-29 March, 2022.

In 2021, the total market capitalization for the crypto market increased from around $800bn to $2.2trn. The year also witnessed some of the important developments in the crypto market.

The year 2021 was, despite the dampened activity due to the Covid-19 pandemic, chock-full of landmark events.

The UAE Innovates 2022, which is aimed at cultivating a culture of innovation within the public sector and engaging the community to help create future initiatives, will be launched on 1 Feb. 2022. It is expected to witness a joint effort by the government, the private sector and individuals to...

The Dakar rally will be raced across the daunting deserts of Saudi Arabia again in 2022 with organizers on Sunday revealing the full route that exploits the depths of the Rub' al Khali.

The United Arab Emirates (UAE) will throw open schools, colleges, and universities from January next year to welcome students back after nearly two years of distance learning or online classes, necessitated because of the Covid pandemic.

Iraq is expected to scale up its oil exports to 3.4 million barrels per day in the first quarter of 2022. Ihsan Abdul Jabbar, the Iraqi oil minister, was quoted by the Iraqi state news agency as saying.

Saudi Arabia is set to begin mining gold from one of the biggest reserves of the kingdom in the first quarter of next year.

Organizers of the 2022 World Cup in Qatar hope to attract 1.2 million tourists to the Gulf country, an official said, hosting them in traditional hotels and "innovative" accommodation.

Although Dubai is set for a ‘modest’ recovery this year on the back of a high vaccination rate in the UAE and fewer Covid restrictions, but a slower rebound in international tourism could be a drag on the economy until the end of 2022.

The cabinet also approved the 2022 budget, which calls for spending of AED 58.931 billion ($16.05 billion).

Saudi Arabia will develop a new luxury mountain resort as the giga project inches closer to welcoming its first guest in 2022.

Standard Chartered has forecast that Bitcoin will touch the magical figure of $100,000 in the first quarter of 2022, and in the longer term, the cryptocurrency will hit $175,000. On Wednesday, Bitcoin was trading at a little more than $46,000.  Ethereum and Binance Coin were trading at $3,413 and $409,...

Countries across the world are expected to be spending some $557 billion in 2022, up by 6.5 percent compared to 2021, on IT services and software.

Pandemic resulted in banks’ higher impairment charges, lower operating income and reduced profitability The report demonstrates that the UAE banking sector remains resilient, with sustained lending capacity The Central Bank of the UAE (CBUAE) expects the UAE GDP to grow by 2.4 percent in 2021 and 3.8 percent in 2022...

  The figure of $20 billion represented 11 percent of the country’s gross domestic product in 2019 The construction and tourism industries are expected to benefit the most from the event   Qatar hopes to gain $20 billion from hosting the World Cup in 2022. “We anticipate the contribution to...