The region's luxury goods market was worth US$ 10.52 billion in 2023, with long-term growth expected, reaching US$ 13.70 billion by 2028.

Madrid-based Halo Space Company has selected Saudi Arabia as its launch site for space tourism, offering tours at $164,000 per person for a unique stratospheric Earth view.

The ongoing fasting month brings traditional practices and modern shopping habits together, impacting market trends significantly in the Gulf region.

Amidst an electric vehicle market boom, a looming global shortage of crucial minerals such as lithium and cobalt threatens to double metal prices. The region expects to benefit from it.

While rising EV demand may cause a global shortage of metals like cobalt and lithium by 2030, the Gulf region's vast resources position it as a potential recycling leader.

China's approach, characterized by a combination of economic incentives and a focus on development, contrasts with the more assertive and unilateral approach often associated with the United States. For Arab nations, China's appeal also lies in its geo-economic-centric relationship, he adds.

The Gulf countries are playing an important role as the estimated cost of providing the necessary aid has surged to around US$51.5 billion, marking a 25% increase, says a report.

The Kingdom holds 323.1 tons of gold, accounting for 21.4% of the total yellow metal held by central banks in the Arab countries. Qatar, UAE and Kuwait are also regional leaders.

Gulf nations make significant strides in battling scorching summer by implementing groundbreaking technologies to create cooler and more comfortable urban environments.

The weakening of the judiciary and concentration of power will harm the high tech sector, deter foreign investment and make Israel less attractive as an economic partner.

Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages.

Josep Borrell, the EU High Representative for Foreign Affairs and Security Policy, points out that since the Ukrainian crisis, an important part of energy supplies to the EU has been coming from the Gulf countries, including the UAE. “This has changed the energy landscape of Europe,” he says.

The global economic stagnation is expected to impact the GCC growth due to the decline in industrial and economic activities even as the region is benefiting from high oil prices

The global inflation wave -- affecting the US, EU and China and spreading to the Gulf countries -- is forcing common people to look for solutions away from the govt actions.

Saudi Crown Prince Mohammed bin Salman will visit Turkey on June 22, a Turkish official said on Friday. The details of the visit will be announced "over the weekend", the official added. The two countries will sign several agreements during the trip, which is expected to be in the capital...

The UAE's Ministry of Health and Prevention, for example, is cooperating with other health authorities to implement an epidemiological surveillance system to ensure sustainable efficiency and community protection from communicable diseases, and their rapid detection and cure.

From overseas to the domestic circuit, the tourism industry in the Gulf Cooperation Council is witnessing a welcome resurgence, especially after two years of the Covid-19 pandemic.

From the UAE to Saudi Arabia, Qatar to Kuwait, the GCC countries have posted robust growth in the real estate sector, with the transactions touching $137.4 billion in 2021.

The ongoing conflict will directly impact the Gulf and Arab countries since they import vast food items from the two countries, particularly wheat.

Saudi Arabia on Thursday reimposed social distancing measures at the Grand Mosque in Makkah, after recording the highest number of infections in months. Workers have returned floor markings removed on October 17 to guide people to social distance in and around the Grand Mosque -- which is built around the...

Amir Sayoud scored a goal in the ninth minute of extra-time while Yacine Brahimi scored with the final kick of the game to win Algeria the title of Arab champions. This, even as goalkeeper Rais Mbolhi kept Tunisian attacks at bay.

The annual growth rate of the Middle East AI market is about 20 to 34 percent, led by the UAE and Saudi Arabia.