• Governments of UAE, Egypt launch ‘Egypt Services Center’

    ASWAN, EGYPT - The governments of the UAE and Egypt inaugurated the Egypt Services Center in the Aswan Governorate, which is the first of its kind in Egypt. The inauguration is part of the strategic partnership between the two countries in government modernization. The Emirati delegation which attended the inauguration...
  • GCC adopts tourism strategy, launches new platform

    The Gulf ministers review projects aimed at strengthening joint Gulf action in tourism as well as strategic partnerships between the GCC and other countries and stakeholders.
  • How the Middle East can promote agritech

    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.
  • Shamma bint Sultan calls for collaboration on climate change

    Executive Director of the UAE Independent Climate Change Accelerators (UICCA) Sheikha Shamma bint Sultan bin Khalifa Al Nahyan highlighted the rapid escalation of the climate crisis in recent years, and UAE’s efforts to mitigate the effects through its Net Zero strategy.
  • GCC banks cash in on high deposits, rising oil prices

    Rising oil prices, which have proved to be a windfall for governments and companies in the upstream sector, has strengthened balance sheets of the region's banking sector.
  • Loan exemptions: GCC’s way to help individuals, firms

    The Gulf countries assist loan defaulters by delaying payments or exempting those who can't pay to save emerging companies and prevent their accumulation of financial burdens.
  • Stocks push higher, but yen and euro under pressure

    European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain surging inflation. Frankfurt, London and Paris equities carved out gains despite poor German data, a day after tumultuous trading as Russia curbed gas supplies to Europe.
  • Julian Assange: Black eye of free press

    Whether it is the killing or state-sponsored arraignment of journalists or the closure of defiant media organizations, press freedom is under huge stress around the world.
  • Slow tech adaptation hurts online banking in GCC

    Smaller banks may be left behind if they don't invest appropriately in digitalization, Redmond Ramsdale, Head of Middle East Bank Ratings at Fitch Ratings, tells TRENDS.
  • SME development in Gulf region still in early stages

    It is essential to know that the governments can't and shouldn't do everything independently to encourage their national talents. A practical partnership between the public and private sectors is the only way forward in terms of cultivating and encouraging indigenous talent, he adds.
  • IEA appeals to governments to cut oil use over supply fears

    The IEA urged governments to urgently implement measures to cut global oil consumption within months following supply fears stemming from Russia's invasion of Ukraine. The IEA also called on the OPEC+ group of oil-producing nations led by Saudi Arabia and Russia to help "relieve the strain" on markets.
  • How GCC nations can tame rising inflation?

    Investing in inflation-protected bonds and gold may provide some hedge against consumer price rise. Putting money into the real estate sector is also a safe bet, believe some regional experts.
  • Ecommerce prospers in GCC amidst Covid-19 woes

    An improved regulatory support, government promotional initiatives, and heightened interest from business leaders in the private sector benefits the sector in the region.