GCC a key player in global freight and logistics industry, says Trukkin’s Dalmia
The region leverages a strategic major hub, advanced infrastructure, and economic diversification to fuel logistics demand, says Janardan Dalmia, Founder and CEO at Trukkin, a leading UAE-based logistics firm.
Impossible Foods taps Bidfood UAE for local distribution
Bidfood UAE is part of the Bidcorp Group, and has officially been chosen to distribute the Impossible Burger across the UAE.S&P says private sector lending in GCC to stay low, but Saudi Arabia to buck trend
S&P Global Ratings has forecast that private sector lending will remain muted for one to two years in GCC countries. But, it added, that Saudi Arabia might buck the trend.R&D in Arab world: Challenges and successes
Raging political crises across the region have negatively impacted the economies of several countries. Consequently, spending on research has barely increased since 2014.E-Sports a billion-dollar industry in GCC
The Middle East has 25% of the worldwide gaming audience, followed by Latin America 13.9%, the Asia Pacific 9.2%, Western Europe 4.8%, and North America 4%.GCC and Europe to revive free trade deal talks: EU Ambassador
The Gulf Cooperation Council and the European Union have agreed to revive free trade deal talks, according to EU Ambassador Patrick Simonet.Digital transformation helps GCC banks prosper
Digital transformation brought about by COVID-19 has made banks more open to branchless and cashless banking enabling them to perform better in H1 2021 than they did in the same period last year.Infrastructure push spurs job growth in GCC
The UAE and Qatar are hosting global events like EXPO 2020 this October and FIFA World Cup in 2022 respectively and initiating infra projects worth billions of dollars.Construction works complete on a stretch of UAE rail network
DUBAI: Etihad Rail has completed construction works on a stretch of the 1200-km UAE National Railway Network, the company said on Wednesday. The work was completed ahead of schedule on Package A of Stage Two, which extends over 139 km, and its connection through Al Ghuwaifat on the border of Saudi...Ukraine looks to bolster investment cooperation with GCC, especially Kuwait
Ukraine is looking to bolster investment cooperation with the Gulf Cooperation Council (GCC) countries, especially Kuwait.India to share white shipping info with Gulf countries
India has said in a statement that the MoU would ‘contribute to enhanced maritime safety and security in the region.’Semiconductor shortage slows down GCC auto sector
Auto exports to the region are likely to suffer for the next more than a year due to an estimated net production loss of 3.9 million vehicles globally. Besides the automobile sector, e-gadgets, the smartphone and video gaming industries were impacted by the shortage.Banks rule GCC in market capitalization
Banking firms in the Arabian Gulf countries dominate the list of top companies in terms of market capitalization with Saudi players leading from the front.UAE and KSA: Competing for a real estate pie
Saudi Arabia and the United Arab Emirates contributed about 70 percent of the total value of the Gulf Cooperation Council's real estate deals in the first half of 2021What are the top ecommerce platforms in the GCC?
Ecommerce in the world in general and the GCC region in particular has proliferated despite the Covid-19 pandemic, or probably because of it.GCC nations eye Hyperloop travel by 2030
It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Gulf Arab states using clean and renewable energy.GCC: Public-private partnership to boost healthcare
From 2018 to 2022, the private-sector healthcare spending is forecast to increase at a cumulative annual growth rate (CAGR) of 9.5 percentGulf region poised for higher growth in 2021: Expert
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 EastCanada elects PM Trudeau for third term
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.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.Gulf aviation sector maintains regional lead
Several airports in the region have announced plans to expand their airports to meet the expected growth in travel demand.GCC witnesses 5.8 percent decline in mobile phone sales in second quarter
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...Region’s private equity market set to revive
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.New technology rejigs Gulf maritime sector
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.GCC insurance firms battle pandemic woes
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.Assets under GCC SWFs grow 10% to US$2.77trn
The SWFs of Abu Dhabi, Kuwait and Qatar have underpinned the resilience of their sovereign ratings despite lower oil prices and COVID-19 shock.Saudi, UAE lead MENA region in 5G deployment
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.GCC in hot pursuit of 2050 emission goals
The GCC nations are looking at the $500-billion market for Green Hydrogen by 2050, but will it be enough?UAE, Qatar least hit by graft in MENA region: Survey
Across the MENA region, years of corruption has left countries woefully unprepared to face the COVID-19 pandemicBelt and Road Initiative in GCC: A deep dive
The relations between the Arab world and China have touched new highs particularly after China launched the Belt & Road Initiative project in September 2013.Chapman Taylor designs Jeddah park
The airport City Central Park is designed as a botanical garden.Demand for food in GCC to shoot up by 2025
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.South Korea mulls reviving FTA talks with GCC
The two sides have not had a mutual FTA for more than 10 years now.GCC equity markets shine in H1 2021
The growth was spurred by abundant liquidity created by easing monetary and fiscal policies besides a rebound in oil prices.‘Cyber pandemic’ grips UAE, Saudi Arabia
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...Five cities poised to become GCC tech hubs
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.Kuwait’s equity market gains for sixth consecutive month
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...GCC can help shipping industry curb emissions
Saudi Arabia and the UAE are already off the starting mark in their efforts to supply alternative fuels to the global maritime industry.Agthia to buy Dubai snack company
The group has endorsed the full acquisition of BMB Group.Water woes push GCC leaders to act
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.GCC cautious, but optimistic about crypto
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.Saudi women drive public taxis for the first time
Local media showed women picking up customers in the Al-Ahsa governorate.Unemployment will haunt Gulf in 2021
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.GCC hotel industry readies for a comeback
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 firms call heirs to take command
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.New GCC wealth drives private banking
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.GCC looks up to stars with its space probe
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.Mergers, acquisitions in GCC up during pandemic
Expanding regional and global footprints, high revenues, cheap capital to invest and diversification key factors that hastened the merger processes.Netflix rules Mideast as rivals eye content share
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.Gulf International Bank net up to $9.8m
For the first half of 2021, GIB reported a net profit of $17.7million.India, UAE agree on extending energy relations
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.