From 2018 to 2022, the private-sector healthcare spending is forecast to increase at a cumulative annual growth rate (CAGR) of 9.5 percent

The economies of the region are recovering fast on the back of the rising oil prices and speedy vaccination programs, says Jean Claus, CEO of Euler Hermes Middle East

The 49-year-old Trudeau won the election, but did not get simple majority, which could make things difficult for him, just like they did in 2019. He now stands similarly weakened, with a tough road ahead of him.

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.

Several airports in the region have announced plans to expand their airports to meet the expected growth in travel demand.

Due to supply shortages and high levels of inventory carried over from the first quarter, smartphone shipments to the GCC were more constrained than expected in Q2, believe experts. Samsung dominated the GCC smartphone market during the period with a share of 44.9 percent, according to a report by International...

The region’s industry executives are working hard to improve the dented image and put the sector back on track by attracting more foreign investors.

Real time data coupled with effective supply chain technology came in handy for the industry after the aviation sector was grounded following the spread of COVID-19 globally.

It has been a roller coaster ride for insurance companies in the GCC countries and the health care sector since the outbreak of COVID-19 in the region.

The SWFs of Abu Dhabi, Kuwait and Qatar have underpinned the resilience of their sovereign ratings despite lower oil prices and COVID-19 shock.

The MENA region will have 80 million 5G subscriptions, representing about 10% of total mobile subscriptions by 2025, according to the latest Ericsson Mobility research.

The GCC nations are looking at the $500-billion market for Green Hydrogen by 2050, but will it be enough?

Across the MENA region, years of corruption has left countries woefully unprepared to face the COVID-19 pandemic

The relations between the Arab world and China have touched new highs particularly after China launched the Belt & Road Initiative project in September 2013.

The airport City Central Park is designed as a botanical garden.

Demand for food in the Gulf Cooperation Council (GCC) will reach 52.4 million metric tons (MT) by 2025, up from 46.8 million in 2020.

The two sides have not had a mutual FTA for more than 10 years now.

The growth was spurred by abundant liquidity created by easing monetary and fiscal policies besides a rebound in oil prices.

The Covid-19 pandemic has acted as a force multiplier for existing cyber threats while giving birth to a whole new set of cyber risks. Cyber criminals have switched tactics to exploit the new reality of remote working on personal devices. In 2020, the UAE has experienced around 15.8 million brute...

As part of economic transformation, some Gulf countries seek to achieve targets in digital transformation via long-term plans such as Saudi Vision 2030 and UAE Vision 2030.

DUBAI: Kuwait’s equity market sustained its upward momentum in August as Kuwait All Share index rose 3.1 percent for the month and 22.4 percent for the year, according to Kuwait Financial Centre, Markaz. In its Monthly Market Review report for August, Markaz said the market liquidity in August, as indicated...

Saudi Arabia and the UAE are already off the starting mark in their efforts to supply alternative fuels to the global maritime industry.

The group has endorsed the full acquisition of BMB Group.

The Arab world may be awash in oil and other minerals, but it is lacking in that one commodity upon which the whole existence rests: water.

The UAE and Saudi Arabia have already formed policies to regulate cryptocurrencies, while Bahrain has given an official stamp on CoinMENA, which has got regulatory approvals. Now Islamic banking-compliant cryptocurrencies are also in the fray.

Local media showed women picking up customers in the Al-Ahsa governorate.

While joblessness will be a worry, the economies of the GCC countries are expected to grow by about 2.5 percent between 2021 and 2023.

The Gulf hotel sector's investments, according to reports, have reached $27 billion. New hotel projects worth $3.5 billion in the region were approved in 2020, indicating that investors expect the hotel market to return to normal in the next two or three years when activities resume at normal level.

Family-owned businesses in the Middle East, estimated to be worth more than $1 trillion, have been bogged down with issues such as corporate governance, estate planning and succession.

Private banks cater to the complex banking needs of the Ultra High Net Worth Individuals and High Net Worth Individuals whose number has been increasing in the region.

The GCC might have been a late entrant to the exclusive club of space programs, but with its deep pockets it has gradually squeezed its way to the top.

Expanding regional and global footprints, high revenues, cheap capital to invest and diversification key factors that hastened the merger processes.

Arab-based platforms such as Starz Play, Wavo, and OSN have become local competitors to Netflix and gaining the ground fast as alternative sources for entertaihment.

For the first half of 2021, GIB reported a net profit of $17.7million.

India's new Minister for Petroleum and Natural Gas, Hardeep Singh Puri,  makes courtesy calls to his counterparts in major oil producing countries in the Gulf, including Saudi Arabia, UAE, Qatar and Kuwait.

GCC demands Iran’s nuclear program, ballistic missiles, and its support for militias must be included in ongoing talks in Vienna between Iran and five world powers

Only Saudi Arabia traded more with Bahrain, with the total value reaching $781 million during the quarter Oman was followed by Kuwait, which recorded $99 million in bilateral trade in Q2 There has been an unexpected surge in trade between the United Arab Emirates (UAE) and Bahrain in the second...

The UAE’s booming economy and the gradual opening up of the world markets helped Abu Dhabi Securities Exchange’s market capitalization to cross US$300 billion (AED1.1 trillion) on 12 July 2021.

The GCC has hotel investments worth $27 billion in the pipeline, said the Arabian & African Hospitality Investment Conference (AHIC)

Griffith Foods and the IFFCO Group are launching a joint venture in the Middle East to make and sell food ingredients

Germany recorded 1.6 million overnight stays from the Gulf region in 2019 A campaign aims to inspire travelers to journey off the beaten track this summer Undaunted by the dipping level of tourists from Saudi Arabia due to the Covid restrictions, Germany hopes to encourage travelers from Saudi Arabia in...

Austria will open border for tourists from all across the world, including GCC, from July 1 The move comes as the European country post looks to implement a post-Covid-19 strategy Austria has announced that it will open its border for tourists from all across the world, including those in the...

Virtual event promises to catalyze a new era of economic collaboration Day-long summit will host discussions featuring high-profile investors from  KSA, Gulf, and top experts from the UK The longstanding ties between the UK and the Gulf Cooperation Council are set to receive a major fillip as the biggest names...

  Pent-up demand may lead to vigorous recovery in Gulf travel, tourism, hospitality sectors in the second half of 2021 Recovery will ride on increasing adoption of technology   The Gulf Cooperation Council (GCC) countries are experiencing a fast economic recovery and the pent-up demand could manifest in a vigorous...

  Report provides banking industry leaders with analysis along with insights and forward-looking views Cost and operational efficiencies expected to remain a top priority for banks in 2021   The overall non-performing loans (NPL) ratio for the Gulf Cooperation Council banking sector has increased by 0.4% and now stands at...

Incorta, a US data analytics company, conducted the survey About 153 business leaders in 11 industries from Egypt,  GCC took part in the survey About 66 percent of the business leaders in Egypt and the countries of the Gulf Cooperation Council (GCC)  plan to invest more in data analytics this...

  The combined entity will turn it into a $100m technology solutions company Kalaam will be among the top three ISPs in the GCC and the only operator with an ISP license for Bahrain, Kuwait and Saudi Arabia     Kalaam Telecom, Bahrain's leading technology solutions provider, has announced the...

  Award categories are SME Family Business, Non-Family Executive, NexGen Venture and NexGen Innovation Family businesses contribute to 60 percent GDP of the GCC   The Family Business Council Gulf (FBCG) has unveiled the first ‘Family Business Awards’ in the GCC region to honor organizations for their continued success across...

It has 7,542 solar panels producing electricity The facility is expected to reduce the emission equivalent of 5,300 tons of carbon dioxide per year Abu Dhabi’s largest solar-powered car park is complete, announced renewable energy firm Abu Dhabi Future Energy Company, aka Masdar, and Abu Dhabi Airports. With 7,542 solar...

    The fair saw buyers from several GCC states in attendance It signaled that APEDA has begun export-oriented marketing of the aforementioned products Covid-19 cases fall in India A virtual trade fair for exotic seasonal fruits, vegetables and floricultural products, organized by India’s Agricultural and Processed Food Products Export...