Loyalty Lost: How brands need to adapt to the modern traveler
Dubai, UAE: As 2025 unfolds, travel brands are facing a significant challenge: customer loyalty. Traditional rewards programmes, often based on points systems, struggle to meet the expectations of modern travelers who increasingly value personalised experiences over generic incentives. To stay competitive, brands must move away from price-based rewards like discounts, which can...
Ducab, Somagec ink MoU
The MoU will enable UAE-based firm to enter Angolan market.
Al Ansari Financial Services okays dividend
The first proposed interim dividend is of $81 million.Electricity-starved Iraq looks to sun to power its future
To encourage renewable energy, Iraq's Central Bank in 2022 announced the allocation of $750 million in almost zero-interest loans for individuals and private companies adopting solar power. But the initiative is "stalling due to a lack of cooperation from banks", according to Mohamed al-Duleimi, an expert in renewable energies.Intrinsic values, futuristic strategies elevate Dubai
Dubai's evolution from a simple fishing village to a premier global tourist hub is credited to its innate advantages, deliberate investments, and cohesive destination development.Climate ‘loss and damage’ fund tops UAE talks ahead of COP28
Abu Dhabi, UAE - Setting up a "loss and damage" fund for poorer nations hit by climate change dominated preliminary talks on Tuesday, one month before COP28 in Dubai where delegates look set to tussle over the future of fossil fuels.Around 70 ministers have gathered since Monday at the Emirates Palace,...
Dubai records realty deals worth $116 billion in nine months
Dubai, UAE -- Dubai recorded 116,116 real estate transactions worth AED 429.67 billion ($116.98 billion) during the first nine months of 2023, recording more than 36.7 percent in value and 33.8 percent in the number of transactions compared to the same period in 2022.Real estate investments also witnessed steady growth...
Futuristic strategies elevate Dubai
Dubai's transformation from a humble fishing village to a global tourist powerhouse is nothing short of remarkable. Just decades ago, it was a budding coastal town with limited allure. However, the discovery of oil in the 1960s ignited a metamorphosis, with the government astutely channeling wealth into infrastructure, iconic landmarks,...Arab Bank posts net profit
It posted a profit of $630 million in January-September 2023.1.5C goal on the line as countries gear up for key climate talks
Paris, France -- Facing record-shattering temperatures and a geopolitical tinderbox, countries are scrambling to lay the groundwork for crucial UN climate talks next month tasked with salvaging global warming goals laid out in the landmark Paris deal.Ministers meet next week in the United Arab Emirates to grapple with flashpoint issues, including...AI revolutionizes real estate across GCC countries
Cities like Dubai and Riyadh are harnessing AI to redefine every facet of property dealings, from development to management, Tripler CEO Sam Singh tells TRENDS.
GFH Capital mulls listing on Saudi market, says CEO
RIYADH, SAUDI ARABIA - GFH Capital is considering the offering of its unit in Saudi Arabia on the Tadawul.GFH Group's plans are unchanged with regard to listing in other markets, CEO Razi Al Murbati said.The group is listed on the stock exchanges of Bahrain, Dubai, Abu Dhabi and Kuwait, indicating...Dubai among top 25 global cities for third consecutive year
Dubai, UAE -- Dubai has retained its leading position in the MENA region on Kearney's Global Cities Index, ranking 23rd globally and claiming a spot in the top 25 for the third consecutive year.According to the report, prominent emerging hubs around the world, particularly in the Middle East, have seen...DEWA okays H1 dividend of $843m
The company had reported a net profit of $540 million for Q2.
RAKBANK reports highest ever net profit
The bank's income increased by 35.4% year-on-year.Tech ticks: Metaverse, AI boost Jamaica’s tourism
From the metaverse allowing virtual experiences to the use of AI in training, Jamaica is at the forefront of integrating technology into its tourism sector, the minister tells TRENDS.
Nedaa, Dubai Customs ink MoU
MoU to enhance digital solutions for efficiency.
Knowledge E and HBMSU sign agreement to ‘reshape future of education’
Dubai, UAE-- Hamdan Bin Mohammed Smart University (HBMSU) and Knowledge E have signed a memorandum of understanding to reshape the future of education in the emirates.The MoU was signed by Dr. Fahad Al Saadi, HBMSU Vice Chancellor, Learners Development, and Kamran R. Kardan, Founder and Chief Executive Officer of Knowledge...
Dubai’s top 10 land deals in 2023 is worth US$2.3bn
DUBAI, UAE – A real estate brokerage based here has compiled the 10 largest land deals in the Emirate since the beginning of this year, with a total value of US$2.3 billion (Dhs8.6 billion).The study based on data from the Dubai Land Department showed that the largest land sale deal...Policy and infra drive Dubai’s global rise
The emirate's pro-business policies, dedicated trade zones, and emphasis on tech innovation position it as a premier financial hub, George Pavel of Capex.com tells TRENDS in an interview.
‘Palestinians never die, they always come back’: Bassem Youssef in viral interview
Dubai, UAE - Egyptian comedian and TV host Bassem Youssef's recent interview with British TV host Piers Morgan has garnered widespread attention due to his impassioned and satirical take on the Israel-Hamas conflict. When asked about his views on the deadly Hamas attacks on Israel, Youssef, while acknowledging the "terrible" nature...
Turkey’s Atis Yapi opens Dubai office
This is the real estate giant's first office in the UAE.
Dubai’s tech ambitions take center stage at GITEX Global
Dubai, UAE - Global tech giants such as Google, Microsoft, Zoom and Huawei are among more than 6,000 businesses displaying their latest advancements in fields like artificial intelligence, cybersecurity, mobility and sustainability at the 42nd annual GITEX Global, the biggest tech event of the year.Spanning a five-day extravaganza, the event...Outrage, condemnation over deadly Gaza hospital strike as Russia, UAE call for UNSC meeting
The 57-member Organisation of Islamic Cooperation denounces Israel's backers for granting the country "impunity in its war in Gaza, taking advantage of the double standards that provide cover for the occupying power".Moro Hub and DDA sign MoU to safeguard Dubai’s information assets
Dubai, UAE--Moro Hub, the digital arm of DEWA, has signed a memorandum of understanding (MoU) with Digital Dubai Authority (DDA) to deliver state-of-the-art cyber security services to various government entities across Dubai.As part of this agreement, Moro Hub will extend its comprehensive suite of managed cyber security services to safeguard...
Gulf Navigation posts profit
Its net profit rose to US$9.53m in the first nine months of 2023.
UAE Minister Al Gergawi backs ‘curiosity’ and ‘equity’ at World Economic Forum
Dubai, United Arab Emirates – Considering opposing views, exchanging ideas and developing pathways for collaboration are essential to improving lives and protecting the planet in an increasingly polarized and fragmented world. That was the key message of the opening sessions of the World Economic Forum’s Annual Meeting of the Global...
Funds raised by startups within TECOM Group’s in5 hub up 20%
Dubai, UAE -- in5, part of TECOM Group and an innovation and entrepreneurship hub in the region, has witnessed a 20 percent increase in the total funding raised by start-ups within its ecosystem since its inception, surpassing AED 2.9 billion ($789 million).In the first nine months of 2023, a total...
Artificial intelligence key focus as GITEX 2023 begins
GITEX, Dubai's premier tech event, kicks off its 43rd "Technology Week" at the Dubai World Trade Center, spotlighting the latest innovations, trends, and tech breakthroughs.Dubai becomes haven for firms of all sizes
Dubai's fintech expansion, the enticing Golden Visa program, competitive tax structures, a talented workforce, and a robust real estate sector collectively amplify its allure on the global stage.
Dubai’s economy grows 3.2 percent in H1 2023
DUBAI, UAE – The Emirate's economy grew 3.2 percent in H1 2023 to reach US$60.9 billion (AED223.8 billion). The performance was driven by a 3.6 percent growth in real GDP in Q2 2023.Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum hailed the strong performance of the...
UAE economy robust, bolstered by tourism and real estate: OPEC
Vienna, Austria--The UAE’s economy remains robust, with constant contributions from the non-oil sector, especially from tourism, leisure, and real estate, according to the OPEC’s Monthly Oil Market Report (MOMR) for October 2023.MOMR noted the UAE’s tourism sector, which accounts for more than 16% of the country’s GDP, continued to rebound...Dubai’s sustainable vision beyond skyline
Dubai is prioritizing renewable energy, sustainable design, water conservation, and biodiversity protection. Its commitment to a sustainable future showcases its dedication to preserving the environment.Dubai records weeklong real estate deals worth $3.51 billion
Dubai, UAE -- A total of 1,659 real estate transactions worth over AED 12.9 billion ($3.51 billion) were conducted during the week ending 13th October 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 297 plots were sold for AED 5.08 billion, while 1,362...UAE and US aim to speed up cooperation in clean energy, technology
Abu Dhabi, UAE-- The UAE and US have reviewed ways to accelerate cooperation in priority sectors such as clean energy, sustainable industrial development and advanced technology – areas where the UAE and US already share a successful track record.The discussion on the boosting of ties came up in a meeting...
Dubai emerges as global hotspot for startup innovation
The emirate has transformed into a hub of entrepreneurship and ingenuity over the years. Renowned for its ambitious vision and relentless drive for excellence, the city epitomizes the boundless opportunities available for those with a pioneering mindset and a passion for innovation.
MENA awards $101 billion construction projects in first half
Dubai, UAE -- Despite global economic uncertainties, the construction industry in the Middle East and North Africa (MENA) awarded a staggering $101 billion worth of projects in the first half of 2023, a report by JLL's Construction Market Intelligence said, based on insights gathered from industry experts and sources.The lion's...Infra investments crucial to Dubai’s growth and global allure
Dubai's iconic skyline and architectural marvels have garnered global attention, offering stunning views for visitors and residents alike. This allure has attracted many to work, live, and invest in the emirate, solidifying Dubai's reputation as a thriving, futuristic metropolis where visionary projects come to life.Dubai at top global ranking for attracting Greenfield FDI projects in H1 2023
DUBAI, UAE - Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate attracting 511 such projects in H1 2023, as per Financial Times ‘fDi Markets’ data - the comprehensive online database on cross-border greenfield investments.Dubai continues to set new benchmarks in global...Dubai Customs strengthens partnerships with courier firms to expand e-commerce
DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering the seamless operation of e-commerce activities.It also aims at solidifying Dubai's position as a global e-commerce epicenter, aligning with the strategic objectives of the Emirate’s economic agenda.The meeting was attended...Most Arab youth against normalization with Israel, more so Palestinians: survey
Dubai, UAE - The majority of Arab youth are against the normalization of relations with Israel, with Palestinians and Iraqis being the most vehemently opposed, the 2023 Arab Youth Survey reveals.However, those from the UAE, Morocco and Egypt are supporting it. What is more, the normalization is opposed by the 98% of...Dubai’s weeklong real estate transactions exceed US$2.5bn
DUBAI, UAE - A total of 1,445 real estate transactions worth over US$2.5 billion (AED 9.5 billion) were conducted during the week ending October 6, 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 248 plots were sold for US$476 million ( AED 1.75...‘Act of cruelty’: 150 cats dumped in UAE desert, dozens die
Dubai, United Arab Emirates - Some 150 cats have been found left for dead in the desert in the United Arab Emirates, the animal rights group PETA said on Friday.Activists in the oil-rich Gulf state said dozens of the cats had died, while some were rescued alive.PETA called on the UAE...Tens of millions of children uprooted by climate disasters: UNICEF
In a sweeping report on the issue, the United Nations agency detailed the heart-wrenching stories of some of the children affected, and co-author Laura Healy told AFP the data only revealed the "tip of the iceberg," with many more likely affected. According to the prediction of UNICEF report, Floods linked...Value of Dubai realty deals up 40 percent in third quarter 2023
Dubai, UAE -- The value of real estate deals in Dubai increased by 40 percent to reach AED 97.55 billion ($26.55 billion), compared to AED 69.5 billion in the third quarter of 2022, real estate company D&B Properties said.The emirate's market surged 22 percent in terms of transactions, with Q3...
Miss Universe Bahrain and Pakistan promote halal and wellness tourism in Philippines
Dubai, UAE - : Recently crowned Miss Universe Queens Miss Universe Bahrain 2023 Lujane Yacoub and Miss Universe Pakistan 2023 Erica Robin on Tuesday promoted halal and wellness travel in the Philippines, after the country won the Emerging Muslim-Friendly Destination Award earlier this year.With the Muslim travel market forecast to...Rise in EVs drives Middle East toward greener future
A transformative shift is unfolding in the region as more people transition from gasoline-powered vehicles to electric ones, an in-depth TRENDS report reveals.Rise in EVs drives Middle East toward greener future
A transformative shift is unfolding in the region as more people transition from gasoline-powered vehicles to electric ones, an in-depth TRENDS report reveals.Yemen economy tanks as peace talks make no headway, say NGOs
"While economic challenges are rife across the country, rising inflation and the deterioration of public services are making life unbearable," said a statement signed by 35 Yemeni groups and 13 international aid organizations including the Danish Refugee Council and Save the Children.
ACWA Power signs $911 million water purchase agreement with DEWA
Dubai, UAE -- Dubai Electricity and Water Authority (DEWA) Tuesday signed a 30-year water purchaser agreement worth SAR 3.42 billion ($911 million) with Saudi Arabia’s ACWA Power for phase 1 of the Hassyan sea water desalination project using solar power. The project is part of DEWA’s efforts to increase its...Dubai must possess its distinct emblem, says new decree
Dubai, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. 17 of 2023 which stipulates that Dubai must possess its distinct emblem, one that mirrors its values and principles, local media reports said.The emblem is considered the property of Dubai,...
