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TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.
  • Arab states erupt in condemnation after US strikes on Iran

    Iran's former arch-rival in the region, Saudi Arabia, which has been engaged in a Chinese-brokered détente with Tehran since 2023, expressed "great concern" over the attacks. Gulf countries have been engaged in a diplomatic frenzy for solutions since Israel launched its air campaign on their neighbor Iran on June 13.
  • Gulf states on Iran’s doorstep scramble for end of war

    Doha, Qatar -- As Iran and Israel trade strikes and the US weighs joining in, wealthy Gulf states on the conflict's doorstep are engaged in frantic diplomacy to halt the war -- but solutions remain elusive. A spillover of the conflict or the Iranian government's collapse are both worrying outcomes...
  • Israel arms exports to UAE, Bahrain, Morocco rise sharply after 2023

    Sales to countries considered part of the Abraham Accords -- the United Arab Emirates, Bahrain and Morocco who signed groundbreaking normalization agreements with Israel in 2020 -- appeared to have sharply risen from 3 percent in 2023 to 12 percent.
  • How Sustainable Palm Oil Is Powering Gulf Hospitality: Strengthening Malaysia-MENA Trade

    Palm oil is an indispensable part of the Middle East and North Africa’s food and hospitality industries. From luxury hotel kitchens to spa treatments and guest amenities, palm oil continues to be an essential ingredient powering world-class guest experiences across the region.
  • South East Asia, Gulf and China three-way talks ‘response to call of times’

    The trade-dependent economies are looking to insulate themselves after US President Donald Trump blew up global trade norms by announcing a slew of tariffs targeting countries around the world this year.
  • Arab League to meet in Baghdad to discuss regional crises, key leaders may give it a miss

    The Arab League is meeting in Baghdad on Saturday to discuss Gaza and other regional crises, but some key leaders are expected to miss the talks that come straight after US President Donald Trump's Gulf tour.
  • Trump heads to the Gulf eyeing deals amid diplomatic offensive

    In the days before the trip, the White House has played an instrumental part in hammering out a ceasefire between India and Pakistan, the release of an American hostage in Gaza and holding another round of nuclear talks with Iran.
  • Massive GCC infrastructure investments set stage for rising foreign equity: Franklin Templeton

    The Franklin Templeton Emerging Markets Equity outlook emphasizes how GCC countries have reduced their dependence on oil and gas, opened their capital markets, and diversified their economies — all underpinned by strong fiscal positions that bolster investor confidence.
  • F1 on Jeddah’s streets – talking points ahead of the Saudi Arabian GP

    Jeddah, Saudi Arabia - This weekend's Saudi Arabian Grand Prix is the final leg of the first 'triple header' of the season. From Suzuka in Japan, to the desert of Bahrain, Formula One now pitches up on the shores of the Red Sea in Jeddah.AFP Sport looks at five talking...
  • Bridges in the Gulf: wealthy states mediate crisis after crisis

    Dubai, United Arab Emirates - When US and Iranian negotiators meet in Oman on Saturday they will be just the latest to turn to crisis mediation in the Gulf Arab states, whose wealthy rulers are increasingly seeking out the role. Oman is a long-established venue for Iranian talks, while promoting...
  • Logistics: At the heart of economic activity

    The global logistics market is expected to be around US$10 trillion in 2024, and is estimated to reach US$21.91 trillion by 2033, registering a healthy CAGR growth of 9.35 percent from 2024 until 2033.
  • GCC healthcare: Transforming the region and impacting the world

    PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size
  • Females make up 37.6% of the GCC population of 57.6 million

    Muscat, Oman - The population of the six GCC countries reached 57.6 million in 2023, compared to 56.6 million in 2022. Males accounted for 62.4% of the total population, while females made up 37.6%.The report also indicates that the population density was 23.9 people per square kilometre, with the total...
  • UK Prime Minister to talk trade, Middle East during Gulf visit

    London, United Kingdom -- Britain's leader Keir Starmer makes his first trip to the Gulf as prime minister from Sunday, seeking to attract investment from the region's oil-rich states, Downing Street announced.Starmer will first visit the United Arab Emirates and then travel to Saudi Arabia, before stopping off in Cyprus on...
  • Middle East crisis top-of-mind at first EU-Gulf summit in Brussels

    Confirmed at the last minute, the presence of Saudi Arabia's Crown Prince among the six Gulf leaders in attendance heightened expectations. Trade, energy and climate change were all on the table, but Israel's conflicts in Gaza and Lebanon -- on which the two groups hold broadly converging views -- were...
  • ‘Visa-free entry for GCC nationals will enhance business collaboration’

    In an interview with TRENDS, CEO of ITCN Asia, Muhammad Umair Nizam highlights the expanding role of Pakistani IT firms in the GCC tech landscape.
  • ‘Digital transformation levels the playing field for GCC small businesses’

    Digitalization is revolutionizing GCC entrepreneurship, offering vast opportunities and challenges, and driving innovation and growth, Jigar Sagar, an influential figure in the GCC's entrepreneurial ecosystem., tells TRENDS in an exclusive interview.
  • Top Middle East sovereign wealth funds invested $38.2 billion in 58 deals

    Investments in H1 2024 led by the top Middle East sovereign wealth funds reached$38.2 billion in 58 different deals, according to industry tracker Global SWF, Zawya reports.The amount invested by the ‘Oil Five’ - Saudi’s PIF, Abu Dhabi’s ADIA, Mubadala and ADQ, and Qatar’s QIA - is more than double...
  • From fighting boys to Saudi Olympic history for female taekwondo star

    Abha, Saudi Arabia - Saudi taekwondo standout Donia Abu Taleb had an unusual introduction to the sport: for years she trained at a boys' club because there were no girls to compete with.Now the 27-year-old has become the first Saudi woman to qualify for the Olympics and is dreaming of bringing...
  • Kuwait emir names former PM as new crown prince

    Kuwait entered new political turbulence in May when the 83-year-old emir, Sheikh Meshal al-Ahmad al-Sabah, dissolved parliament just six weeks after elections. He also suspended some provisions of the constitution. He then named the second government since he took over as head of state in December.
  • Dubai airport diverts flights as ‘exceptional weather’ hits Gulf

    Dubai, the Middle East's financial centre, has been paralyzed by the torrential rain that caused floods across the UAE and Bahrain, and left 18 dead in Oman on Sunday and Monday. Dubai airport operations were suspended for 25 minutes in the afternoon before resuming.
  • GCC, Israel, Iran, middle east, conflict,

    ‘Bad for business’: Gulf states scramble to avert wider war

    Gulf states are grappling with the widening Middle East conflict as hostilities between Iran and Israel threaten their security and ambitious plans to reshape their economies.Leaders of the resource-rich Gulf monarchies engaged in a rapid round of diplomacy after last weekend's Iranian drone and missile strikes on Israel raised the...
  • Opposition retains majority in Kuwait parliament post elections

    Kuwait City, Kuwait - Opposition lawmakers maintained a majority in Kuwait's parliament, results showed Friday, after the Gulf state's third parliamentary vote in as many years held just months into the new emir's reign.Opposition candidates won 29 seats in the 50-member assembly, according to results carried by the official KUNA news...
  • Russia working to establish visa-free travel with Gulf nations: Bogdanov

    Moscow, Russia -- Russia is working to establish a visa-free regime with all Gulf countries, said Mikhail Bogdanov, Russia's deputy foreign minister and special presidential representative for the Middle East and African countries."In principle, such work is going on systematically. Because, of course, I think it is in the interests...
  • Ireland wants to be a gateway for UAE, Gulf states to EU market: Irish minister

    Abu Dhabi, UAE--Ireland wants to become a gateway for the UAE and other Gulf states to the European Union (EU) market, Simon Coveney, Ireland’s Minister for Enterprise, Trade and Employment, told the Emirates News Agency (WAM).As evidence of thriving relations, he highlighted the growing Irish diaspora in Gulf Cooperation Council...
  • Qatar says hopeful for Gaza truce before month of Ramadan

    Doha, Qatar - Qatar is "hopeful" of a Gaza war ceasefire and is pushing for an agreement before Ramadan, its foreign ministry spokesperson said on Tuesday.The gas-rich Gulf state, which hosts Hamas's political bureau, has been a key mediator in negotiations involving the Palestinian fighters, Israel, the United States and Egypt."We...
  • Gulf economies to outpace global forecast for 2024: FAB report

    Abu Dhabi, UAE -- The economies of the UAE and Gulf countries will outpace the global forecast for 2024, helped by the domestic multi-year investment cycle in the region, a report says.Despite recent geopolitical headwinds and muted global recovery, national and regional growth is expected to be driven by the...
  • Indian PM Modi seeks enhancing of ties in Qatar visit

    Doha, Qatar - Indian Prime Minister Narendra Modi on Thursday committed to strengthening ties with Qatar during his first visit to the gas-rich Gulf emirate since 2016.During a meeting with Qatar's ruler, Modi gave a "commitment to further expanding and deepening bilateral cooperation with Qatar", a statement from India's foreign ministry...
  • Riyadh to host Saudi’s first snooker event in 2024

    London, UK - Saudi Arabia will stage its first ranking snooker event in 2024, with a prize pool of more than £2 million ($2.5 million) for the "fourth major".The inaugural Saudi Arabia Snooker Masters will trail only the World Championship in terms of prize money.The World Snooker Tour has branded it...
  • India says Qatar freed eight ex-navy personnel

    "The Government of India welcomes the release of eight Indian nationals working for the Dahra Global company who were detained in Qatar," the foreign ministry said in a statement. "Seven out of the eight of them have returned to India," it added, thanking Qatar's Emir Sheikh Tamim bin Hamad Al...
  • Saudi more than doubles tourism target by 2030, says minister

    Riyadh, Saudi Arabia - Saudi Arabia drew 27 million foreign tourists in 2023 and has more than doubled its goal for the end of the decade, an official said on Tuesday.The announcement came less than five years after the Gulf kingdom fully opened up to tourism and as fears persist that...
  • Iran’s navy seizes oil tanker off Oman in dispute with US

    The announcement came hours after a British-navy maritime security agency said armed men boarded the Greek-owned, Marshall Islands-flagged St Nikolas off Oman and changed course towards Bandar-e-Jask in Iran. Four or five "unauthorized boarders are reported to be wearing military-style black uniforms with black masks", the United Kingdom Maritime Trade Operations...
  • UAE orders trial of 84 on terrorism charges, says media

    Dubai, UAE - The Emirates is to put 84 people on trial for terror-related offenses, state media said on Saturday. The Gulf state's attorney general ordered the trial of "mostly members of the terrorist organization of (the) Muslim Brotherhood", official news agency WAM said.In 2013, the UAE tried 94 activists, lawyers,...
  • Hamas urges US diplomat to end Israeli aggression in Gaza

    ISTANBUL, TURKEY - Hamas leader Ismail Haniyeh has called on US Secretary of State Antony Blinken to use his current Middle East tour to end Israel's "aggression" as war rages in Gaza.The top US diplomat arrived in Turkey on Friday at the start of a trip that includes planned visits...
  • Saudi Arabia, Qatar denounce Gaza’s residents emigration plan

    Saudi Arabia and Qatar condemned comments by two Israeli ministers calling for Palestinians to emigrate from the Gaza Strip. Israel's National Security Minister Itamar Ben-Gvir on Monday called for promoting "a solution to encourage the emigration of Gaza's residents" and the re-establishment of Israeli settlements in the Gaza Strip.
  • New PM announced by Kuwaiti ruler to end political stalemate

    Sheikh Meshal al-Ahmed Al-Sabah, who was sworn in as emir last month, named Sheikh Mohammed Sabah al-Salem Al-Sabah, a popular ex-foreign minister, as the new premier. He replaces Sheikh Ahmed Nawaf al-Ahmed al-Sabah, son of the late emir whose death has raised hopes of a political shift in the country.
  • India says Qatar reduced death sentence of 8 navy personnel

    Indian media have reported that the eight Indian nationals -- among them former high-ranking and decorated officers, including captains who once commanded warships -- were arrested in Doha in August 2022.
  • Norway fund drops Aramco, 11 other Gulf firms over ’rights concerns’ 

    KLP, which manages over 700 billion kroner ($70 billion), said the exclusion amounted to $15 million. The fund dropped 11 companies in the telecommunications and real estate sectors from Kuwait, Qatar, Saudi Arabia and the United Arab Emirates "over unacceptably high human rights violations' risks".
  • Turkmenistan worried as Caspian Sea continues to shrink

    Turkmenbashi, Turkmenistan - On the Caspian Sea coast in Turkmenistan, Batyr Yusupov can no longer ferry his passengers between two ports. There is not enough water."I used to go between Turkmenbashi and Hazar," the 36-year-old ferry worker said of the ports separated by a small gulf on Turkmenistan's coast."But we haven't...
  • New Kuwaiti emir rebukes parliament and cabinet in inaugural speech

    Officially taking over from his half-brother Sheikh Nawaf, who passed away on Saturday, Sheikh Meshal is faced with the task of pulling the country out of longstanding political paralysis and reforming a bloated public sector that have turned Kuwait into one of the Gulf's most laggard states.
  • UK shoots down ‘suspected’ drone attack in Red Sea

    London, UK - A UK destroyer has brought down a suspected attack drone in the Red Sea, defense minister Grant Shapps said on Saturday, amid rising maritime tensions in the region.Britain announced last month that it was sending HMS Diamond, one of its most advanced naval vessels, to the Gulf to shore...
  • Kuwait emir Sheikh Al-Sabah dead at 86, says royal court

    "With great sadness and sorrow, we mourn... the death of Sheikh Nawaf al-Ahmad Al-Sabah, Emir of the State of Kuwait," said a statement aired on Kuwaiti state television. In November, Sheikh Nawaf was admitted to the hospital "due to an emergency health problem", according to the official KUNA news agency.
  • Gulf expects no change in oil export despite deal at COP28

    Dubai, UAE - An agreement to "transition away" from fossil fuels may be a landmark moment but don't expect quick changes among the major producers of the Gulf, where the deal was hammered out.After the UN's COP28 climate talks in Dubai, Saudi Energy Minister Prince Abdulaziz bin Salman immediately played down...
  • US, Israel intel chiefs in Qatar to explore ‘next phase’ of Gaza truce

    The leaders of the US Central Intelligence Agency and Israel's Mossad were scheduled to meet Qatari Prime Minister Mohammed bin Abdulrahman Al Thani, the source said, adding that Egyptian officials were also taking part. The informed source said CIA director Bill Burns and Mossad head David Barnea would hold a...
  • COP28 host UAE braces for rising heat risk, targets carbon neutrality

    As global temperatures tick higher, with this year on course to be the hottest on record, the UAE is changing its building designs and urban planning to create cooler living environments, even outdoors, Almheiri said.
  • Arab and Iranian leaders likely to attend Saudi’s dual event on Gaza

    The emergency meetings of the Arab League and the Organization of Islamic Cooperation come after over one month of Israeli bombardment has killed more than 10,000 people in Gaza, many of them children, according to the Hamas-run health ministry. With Israel's leaders rebuffing talk of a ceasefire until the captives...
  • Batelco launches mobile peering service in MENA region

    Manama, Bahrain - Batelco, part of the Beyon Group, announces its latest service “Mobile Peering” for members of the platform. Batelco is the first in the MENA region to offer a Mobile Peering service, which is an open interconnecting solution, enabling mobile operators and Internet Packet Exchange (IPX) providers to...
  • Israel Foreign Ministry denies relations with Bahrain cut off

    Dubai, UAE-- A day after Bahrain's parliament announced that its ambassador to Israel is being recalled, the Jewish state said it had not been informed about such a move, adding that relations with the Gulf state were “stable”.According to Israel's Foreign Ministry, the country has not received any “announcement or...
  • India pledges to free its ex-navy men on death row in Qatar

    India's navy chief, Admiral R. Hari Kumar, told reporters on Monday that "every effort" was being made by the government to "get relief for our personnel".
  • Eni Q3 profit drops

    This drop is smaller than the 31 percent fall in Q2.
  • Turkey and Qatar reject ‘double standards’ in Gaza response

    Qatar's top diplomat Mohammed bin Abdulrahman Al-Thani said the two governments -- both Western allies -- "reaffirm our complete rejection of responding to the crisis with double standards when it comes to human life". "It is not permissible to condemn the killing of civilians in one context and justify it...