RIYADH, SAUDI ARABIA - A total of 6,225 Saudi industrial businesses are operating in Egypt with US$30 billion worth of investments, Abdulrahman Altawil, the Kingdom’s Deputy Minister, Developmental Housing, Municipal and Rural Affairs and Housing said here. This reflects their confidence in the Egyptian market, he said. In a speech...

DUBAI, UAE -  Over 300 prominent wealth and asset management (WAM) firms have established themselves in Dubai International Financial Center (DIFC). This milestone reinforces DIFC's position as the leading financial center for WAM companies in the Middle East Africa South Asia (MEASA) region. With an industry size of US$450 billion,...

DUBAI, UAE - Dubai Customs and Dubai Chambers discussed supporting  businesses and the private sector and enhance the emirate’s competitiveness following Dubai's strategic plans and vision. These were the highlights of the meeting between Ahmed Mahboob Musabih, Director-General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation and...

Under the MoU terms, the Ministry of Economy and Planning and Clarity AI will work together to explore potential areas of cooperation, such as using big data.

Organizations that decide not to or are unable to act will continue to find themselves patching together reactive solutions to problems. If 2023 is a year of slowdown, instead of battening down the hatches, firms should use the opportunity to move toward smarter manufacturing, he adds.

Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while only 50% trust retailers in the region.

Damascus, Syria-- Syrian student Ziad al-Ezz can no longer get to university as severe fuel shortages cripple the capital Damascus, pushing residents to seek alternatives for heating and shuttering businesses. With the country's economy battered by more than a decade of war, authorities have announced four fuel price hikes since the...

Post Covid, professionals are reviewing and updating their skills to stay competitive in the job market where remote work ha becoming increasingly popular, says a report.

As the world gears up for the FIFA World Cup 2022 in Qatar, the positive ripple effect is being felt in the business fraternity across the Gulf region, especially in the UAE.

The region’s agriculture suffers from a variety of economic and policy problems. There is a lack of agricultural labor. The sector’s capabilities are underdeveloped, yields are low, soil salinity is an issue, and there are shortages of arable land, feed resources, and water, he adds.

Facebook, Instagram, Twitter and other social media platforms have reportedly blocked campaigns aimed at influencing opinion in Central Asia and the Middle East.

About 42.6 percent of jobs in the region will be automated by 2030, ahead of the global average of 32 percent, predicts a McKinsey report.

Widespread availability of cashless payment methods and universal access to affordable internet services are major facilitators of digital transformation in the region.

The leader of Italy's far-right League party, Matteo Salvini, has sparked debate by saying that the unprecedented sanctions the West had imposed on Russia over the Ukraine invasion weren't working. "Several months have passed and people are paying two, three, even four times more for their bills," he told Rtl...

Addressing the annual gathering of central bankers in Jackson Hole, Wyoming, Powell did not hold back or leave room for doubt about the Fed's plans, pledging to act "forcefully." He warned that the world's largest economy is likely to slow for a sustained period, and the strong US job market...

For decades, the emirate has been a global player with a plethora of capital, talent, corporate tax incentives and ground-breaking technologies, says the latest BCG report.

Remote work seems to be here to stay, and digital transformation will continue to facilitate it. For companies that haven’t embraced it, now is the time to invest in the digital transformation strategies that enable remote work, and in the technologies that spur digital transformation, Kazak points out.

The Saudi Central Bank (SAMA) said a study revealed that electronic payments increased from 44 percent in 2019 to 62 percent of all payments by volume in 2021.

However, there are numerous economic sectors where tech penetration remains in its infancy, such as in logistics, e-commerce and supply chains, which retain enormous growth potential irrespective of recession risks, and in many cases can be accelerated by cost concerns, Deschamps adds.

The most successful active owners keep a ‘Plan B’ ready. Many real-life structural and organizational conditions need to be in place to enable strategy optimization. A constructive board of directors, including vocal independent members and experts, is an indispensable ally of the active owner, he adds.

Australian businesses in the UAE grew six fold and the number of Australians in the Emirates nearly four fold since the country’s diplomatic mission was opened in 2004, Australia’s Governor-General David Hurley said. "Australia had a diplomatic presence in the UAE since 2004. Since then, until 2022, diplomatic relationship has...

The fund will target investments in tech-enabled businesses.

Dubai Chamber of Commerce facilitated 1,500 bilateral business meetings between UAE investors and their global counterparts, and received 1,746 visiting delegations from over 60 countries during the mega event, which were joined by 3,350 government and business leaders. Seven new economic and professional bodies were licensed by the Dubai Association...

Artificial intelligence and machine learning are stirring as much of a concern about job security as they are steering efficient outcome strategies.

Cloud market in UAE is at emerging stage and is likely to witness rapid growth in the coming years due to high adoption rate among SME’s and the digital transformation agenda.

Flouting norms, massive mismanagement and lack of transparency and corporate governance have potential to take any company the Marka Holding way

The sale of tickets, easing of travel restrictions and positive investment projections point to a surge in economic activity in the run-up to the mega event.

Businessmen on both sides to exchange knowledge and ideas to create opportunities for collaboration.

A survey says making full use of the analytic expertise core requirement for the Gulf to continue competing globally.

PMI falls for the first time in four months in July. The downgrade driven by weaker growth in output, new orders and employment.

Beneficial Owner refers to individuals and entities that benefit from owning a registered business in UAE. Data required include  nationality, passport number

Following the introduction of an anti-concealment law early this year, Saudi Arabia has stepped up its efforts to crack down on the shadow economy.

Saudi Arabia has officially allowed businesses to remain open during the five daily Muslim prayers. The decision is said to be part of the fight against the coronavirus pandemic. 

The funding to Egyptian businesses is expected to boost job creation The funding will also go towards purchasing factory machinery and medical equipment Small and medium-size enterprises in Egypt will receive a big boost from Saudi Arabia in more than $17.25 million funding, allowing them to stay afloat. This was...

Under the deal, Beehive will provide $8.16 million as loans to qualified businesses Beehive uses crowdfunding to connect small businesses to retail investors Emirates Development Bank (EDB) has signed a deal with a Dubai-based peer-to-peer platform to give small to medium-sized enterprises (SMEs) more funding options. Under the deal, Dubai’s...