Florin Vasvari of London Business School says a knowledge economy requires educated local talent, global expertise and supportive regulation, tax incentives and access to capital, in an interview to TRENDS.
Saudi index reaches new highs on oil price rise
The oil price rise is expected to raise the economic growth of Saudi Arabia and the UAE. The kingdom is expected to grow by 5.1 percent next year.10 worst passports in the Middle East
Which passports are among the worst in the Arab World? Know the details in this Explainer video created by TRENDS.Qatar, Saudi Arabia lead GCC in education spend
Qatar and Saudi Arabia lead the GCC countries when it comes to spending on education.
GDP of Arab economies down 3.8 percent: World Bank
The region’s average real GDP per capita is forecast to increase by only 1.1 percent in 2021 after declining an estimated 5.4 percent in 2020.
A perceptible de-escalation in the Gulf
A photo of Saudi Crown Prince with the Qatari emir and the UAE's security adviser shows youthful, physically fit leaders enjoying a friendly, informal get-together, writes Ali ShihabiGCC airlines fly into losses amidst Covid-19
With $126 billion in losses, airline industry recently confirmed that 2020 was the worst year on record for the struggling aviation sector.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.
Gulf 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 EastWhat to Expect at Expo 2020 Dubai?
Expo 2020 Dubai is the first world expo in the Middle East, Africa, and South Asia region.
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.
$250bn GCC rail project on track after hiccups
The project linking the six GCC countries is expected to boost exports, diversify mode of transportation and reduce carbon emissions by cutting the need for trucks and cars.Belt 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.
UAE outsmarts competitors in luring foreign investors
The UAE government's recent decision to slash the fee to set up a business by 94% to US$272 is expected to attract foreign investments and propel the non-oil economy.
Holy and worldly offerings of Saudi tourism
The Arab world's most powerful economy is devoting enormous resources to attracting at least 100 million tourists by 2030. TRENDSMENA offers a glimpse into the major tourist attractions of the kingdom.
National Museum of Beirut gets Unesco polish
Unesco’s Li Beirut initiative has been working for three months to inspect the museum’s artefacts for inventory, classification, and storage.
Vaccine inequality alarming: UN
The UN leaders released a joint statement in which they condemned what they called the ‘crisis of vaccine inequity,’ among countries.
Snowden slams new Apple feature
The NSA whistleblower has said other companies following suit could lead to a torrent of privacy breaches across the board.Expo 2020 promises a productive Q4
The sale of tickets, easing of travel restrictions and positive investment projections point to a surge in economic activity in the run-up to the mega event.
UAE hotel occupancy leaps up as tourists return
In a sign of normalcy returning, hotels across the United Arab Emirates (UAE) have reported a significant rise in occupancy rates in the first half of this year.
Taliban inherit $1 trn trove of minerals
China could take lead to tap the untapped minerals including some that could power the world’s transition to renewable energies.
Lebanon unlivable as economic, fuel crises deepen
Residents line up for days to get gas, while electricity only runs for 2 hours a day
Bahrain allows use of airport for Afghan evacuees
Bahrain has announced that it is “allowing flights to make use of Bahrain’s transit facilities” amid the evacuations of Afghanistan.
Afghan evacuees touch down in UAE
About 5,000 Afghan nationals believed to be at risk due to the current crisis will be resettled in the UK.
Troubled land: The Sahel’s ‘three-border’ region
The vast arid region, along with central Mali, has become the worst-hit area in the jihadists' nine-year-old campaign
Digitization key to Tamer Group’s success: Chairman
Tamer Group has achieved significant milestones in B2B to support digital fulfillment and enhance its services, chairman Ayman Tamer tells TrendsMena in an interview.
Tunisia: US envoys want democracy back
Jon Finer, the deputy national security advisor, and the top US diplomat for the Middle East, Joey Hood, traveled to Tunis and met both Saied and civil society leadersIran may need to import 8m tons of wheat
Iran is currently suffering a drought that has led to water protests in several regions, most so in the Khuzestan province.
UAE firms face multiple cyber attacks in a day
Cyber criminals have targeted an organization in UAE 295 times per week on an average in the last six months. Banking and finance sector bears the brunt.
Facebook bins anti-vaccine campaign
Influencers who caught onto the sham turned out to be the undoing of a deceitful influence campaign orchestrated by marketing firm Fazze in Russia, according to Facebook.
Climate crisis the next great threat for Iraq
Only 3.5 percent of Iraq’s farmlands are watered with irrigation systems and rivers are polluted with viruses and bacteria, oil spills and industrial chemicals.
