MEA

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.

  • Middle East and Africa smartphone shipments surge 30% YoY in Q4 2023

    Dubai, Riyadh - Smartphone shipments in the Middle East and Africa (MEA) region witnessed a remarkable surge, growing by 30% year-over-year (YoY) and 9% quarter-over-quarter (QoQ) in the final quarter of 2023, according to Counterpoint’s Market Monitor Service.  The MEA region demonstrated the highest YoY growth globally during this period,...

  • MEA brands focus on personalized customer experience

    "Post-Covid GCC travel trends are promising: about 50% of customers plan to increase digital spending in travel and retail. With the right engagement strategies, travel brands can tap into this surge and deliver delightful customer experiences," adds Badiani, the regional vice-president at Moengage for Middle East, Africa and Turkey.

  • UAE investors behind Bahrain’s $492m tourism investment

    Investments from UAE-based property developers helped Bahrain’s tourism sector remain buoyant during the pandemic.

  • Ipsen expands into MEA with UAE headquarters

    The French pharmaceutical firm has inaugurated its new regional headquarters in Dubai.

  • 3M appoints new VP, MD to lead MEA

      Svinger will oversee the strategic expansion of 3M across the region The appointment further strengthens 3M’s developing business in the MEA region 3M Wednesday announced the appointment of Laszlo Svinger as its new Vice President and Managing Director, Middle East, and Africa. In his role, Svinger will oversee the...

  • MEA IoT spending to grow manifold as investments ramp up

    The Middle East and Africa (MEA) Internet of Things (IoT) market is set to grow 15 percent year on year in 2018, according to a recent update to the Worldwide Semiannual Internet of Things Spending Guide from International Data Corporation (IDC). The global technology research and consulting firm's latest forecast...