Challenges prevail as UAE adapts to remote work
The UAE labor law has introduced changes to support remote workers, but there are still gaps compared to European countries, Liam Dogerty of Connect Resources tells TRENDS.Oil price, COVID-19 spur Arab world’s public finance
Central banks are prioritizing fiscal and monetary policy coordination to boost macroeconomic stability, cut inflationary pressures, and support long-term growth.Boeing expects number of planes in air to double in 20 years
The American aircraft manufacturer estimates 48,575 planes will be in service in 2042, compared with 24,500 last year. This will require producing, across all manufacturers combined, 42,595 planes -- half to replace existing aircraft, and the other half to account for growth. The projections are in line with ones Boeing...ADB operations cross $20bn
Financial results were published in ADB’s Annual Report 2022.Volvo shares up after Q1 profit
The firm's net Q1 sales rose by 24.8 percent.Construction industry contributed $186.8bn to Arab GDPs in 2021
The Saudi and UAE construction sectors contributed the most to their countries' GDPs, with around $45.5 billion and $36.8 billion, respectively, AMF report said.Video highlights: Futuristic TOP CEO 2022 discusses economic opportunities
The TOP CEO Conference, held in Dubai in Q2, discussed several burning global and regional issues of the time. It may help policymakers devise better strategies.Arab League Cairo ministerial session discusses Greater Arab Free Trade Area
The meeting is a preparatory session preceding the regular 31st session of the Arab League Summit, which will be hosted by Algeria in November.Gulf airlines recoup losses, make profits after 2 years
The global aviation sector's losses, which rose to around S138 billion in 2020, dropped to nearly $42 billion in 2021. The IATA hopes that making profits this year appeared is within reach for the airlines as people are traveling in greater numbers and freight is doing very well despite economic...More MENA businesses now swipe virtual credit cards
Local lenders are offering more services online to cater to a young, tech-savvy consumer base, speeding up the transition of the $200-billion digital business in the Middle East.GCC FMCG market faces headwinds
Certain FMCG companies benefited from the pandemic since people spent more time at home baking and spending time together. As a result, sales of packaged foods, for example, surged during the pandemic.Japan grants $3.35m emergency aid to Gaza Strip
Japan will provide humanitarian assistance, such as food provision, targeted at vulnerable Palestinians.Israeli PM tests positive for Covid after Blinken talks
Israeli PM who also visited the northern Israeli city of Hadera on Sunday after gunmen shot dead two police officers.Jordan passes 2022 budget with spending volume of over JD12 billion
The government’s action prioritizes the completion of the regional electricity linkages with Egypt, Palestine, Iraq, and Lebanon.Top oil producers eye modest output boost as prices surge
The 23 members of the OPEC+ oil cartel, who meet on Wednesday, are expected to stick to their guns and increase output modestly as the price of crude surges. As in January, analysts expect the taps to be opened slightly, to the tune of an additional 400,000 barrels per day,...WHO warns of Covid medical waste threat
The extra waste is "threatening human and environmental health and exposing a dire need to improve waste management practices", the UN health agency said.World tourism won’t return to pre-Covid levels until 2024: WTO
In Europe and the Americas, foreign visitor arrivals surged by 19 percent and 17 percent, respectively, last year over 2020. In the Middle East, however, arrivals declined by 24 percent in 2021, while in the Asia-Pacific region they were 65 percent below 2020 levels, and 94 percent down on pre-pandemic...Jordan: 118% rise in tourist traffic to Petra city
A total of 236,088 tourists of all nationalities visited the city, including 135,064 non-Arab visitors, 16,026 Arabs 11,615 and 84,776 Jordanians.Iraq records high positive indicators for the economy in 2021
The Ministry of Planning has not prepared a report on economic indicators during the year 2021 but there is an improvement in many fields.Jordan tourism revenues pass $21 million in first 11 months of 2021
The total number of tourists coming to the Kingdom in the period has surpassed 2.1 million, while the number of overnight tourists has inched up by 8.9 percent.Qantas picks Airbus over Boeing
Boeing currently supplies much of Qantas' domestic fleet.WHO warns of ‘toxic mix’ as EU chief mulls mandatory Covid jabs
Nations with high vaccination rates are also struggling to contain rising infection numbers of Covid-19.Pfizer already working on Covid vaccine targeting Omicron: CEO
Bourla likened the situation to the scenario earlier this year when Pfizer and its German partner BioNTech developed a vaccine in 95 days against Delta which ultimately was not used.China’s birthrate plummets to lowest figure in decades
Last year, China recorded 8.52 births per 1,000 people according to the 2021 Statistical Yearbook released in the past week - the lowest figure since 1978.E-commerce leads change in Mideast retail, fashion
"During the pandemic, e-commerce grew in popularity since it was the most viable — or only — choice at the time. But, as meteoric commerce's rise continues, shoppers — notably in the fashion-lifestyle area — are returning to physical stores in growing numbers," said Shehbaz Shaikh, chief retail officer of...Covid-19, conflict and costs pushing Syria beyond limits: WFP
World Food Program Executive Director David Beasley has warned that more people in Syria are in the grips of hunger than at any time in the country’s decade-long conflict. He blamed a deadly combination fighting, climate change, Covid-19, and rising food and fuel costs for the problems.Dubai Expo unveils its gleaming pavilions
Dubai's edition, the first in the Middle East, is expected to be the biggest event ever held in the region with estimates of 25 million visitors over its six-month lifespan.Fed may hint at ending stimulus, but no big moves expected
The growing consensus is that the much-anticipated first step will not be announced until November and ultimately begin in December.Cloud adoption picks up pace in GCC region
The strong demand for cloud computing in the Gulf region is driven by efforts of the member states to diversify economies, a young digital society and increasing digitization by firms.Digitization key to Tamer Group’s success: Chairman
Tamer Group has achieved significant milestones in B2B to support digital fulfillment and enhance its services, chairman Ayman Tamer tells TrendsMena in an interview.Improve employee wellbeing to advance your bottom line: Gallup
Higher life evaluations, wellbeing are positively associated with productivity, innovation, and safety 84 percent of MENA employees are not engaged or are actively disengaged A Gallup report revealing the decline in employee well-being across the globe during the Covid-19 pandemic has called on organizations to address the issue for...Organizations hope post-pandemic working will be hybrid: Study
Survey confirms productivity and customer satisfaction have increased during the pandemic Most organizations are yet to have a detailed vision on how to make the hybrid working a permanent feature In the post-pandemic future of work, nine out of 10 organizations will be combining remote and on-site working, according...

































