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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.
  • How Eco-Conscious Practices Are Shaping the Future of Luxury Spas?

    In recent years, ‘wellness’ has come to mean many things for hotel operators. The term encompasses guest-centric experiences, environmental initiatives and architectural innovations – extending beyond the spa or health facilities to holistically shape the entire hotel journey.As Area Director of Spa & Wellness, Middle East with Mandarin Oriental Hotel...
  • Buildings should absorb more carbon than they release

    "Buildings should produce more clean energy than they consume. This transformation demands a reevaluation of our relationship with nature. Rather than viewing ourselves as separate from nature, our future progress hinges on the health of natural systems that supply life's essentials," he adds.
  • Retail plays a pivotal role in UAE’s Net Zero mission

    “To achieve our climate objectives, every segment of the economy, including retail, must work towards a greener future. The upcoming COP28 will see UAE businesses actively participating, not just observing. They will demonstrate that businesses are integral to the climate solution,” she adds.
  • Diversification remains crucial for oil-rich nations

    Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview.
  • Sustainable finance part of UAE’s climate action plan

    "The UAE's financial markets are proactively broadening sustainable finance options. The Dubai Financial Market has rolled out regulatory frameworks for environmental, social, and governance reporting, urging listed companies to enhance ESG information disclosure and adopt ESG reporting practices," she adds.
  • World’s biggest sustainable farm in Saudi enters Guinness Records

    Riyadh, Saudi Arabia – A farm in Saudi Arabia has entered the Guinness World Records as the world's largest sustainable farm by area. The farm is one of the extension farms of the rejuvenated water farming research unit of the Bin Heshbal Valley in the Asir Region.The total area of...
  • Qatar signs joint cooperation agreements with IMF on SDRs

    Dubai, UAE - Qatar has signed two agreements with the International Monetary Fund (IMF) on its contributions towards IMF's poverty reduction and sustainable initiatives.The agreements were signed on the sidelines of the Annual Meetings of the Boards of Governors of the World Bank Group (WBG) and the IMF in Morocco.The...
  • Dubai emerges as global hotspot for startup innovation

    The emirate has transformed into a hub of entrepreneurship and ingenuity over the years. Renowned for its ambitious vision and relentless drive for excellence, the city epitomizes the boundless opportunities available for those with a pioneering mindset and a passion for innovation.
  • Infra investments crucial to Dubai’s growth and global allure

    Dubai's iconic skyline and architectural marvels have garnered global attention, offering stunning views for visitors and residents alike. This allure has attracted many to work, live, and invest in the emirate, solidifying Dubai's reputation as a thriving, futuristic metropolis where visionary projects come to life.
  • Jordan takes measures to cut effect of global crises on food security

    Amman, Jordan-- Jordan has taken measures to hedge against the impact of international crises on food security and lower its impact on families, local communities and the national economy of the kingdom.This was revealed by the kingdom's Minister of Agriculture Khaled Hneifat while speaking the 6th General Assembly meetings of...
  • ‘Mainstream sustainability for a net-zero future’

    “As the UAE gears up to host COP28, it's crucial to involve all partners in hastening climate action, both locally and globally. Our objective is to mainstream sustainability. We're convinced that if we can make intricate climate change issues relatable worldwide, we can undoubtedly fulfill the Paris Agreement's objectives,” she...
  • Ras Al Khaimah’s first organic fertilizer project to cost $20m

    Ras Al Khaimah, UAE - Ras Al Khaimah’s is building its first organic soil fertilizer project at a cost of $20 million. Being built by Uterra Middle East Agro Industries, the project aims to transform agriculture, address environmental challenges and promote sustainabilityA part of a multi-national UniPax Investment Group, Uterra...
  • Automation revolutionizes financial business models

    The financial services sector is witnessing transformative changes, driven by rising demands for personalized services and the integration of cutting-edge technologies.
  • Project reuse helps UAE boost sustainability drive

    Amid UAE's urban expansion, there's a wealth of structures across the country ripe for revitalization, significantly offsetting the environmental impact of new developments.
  • RSG gets Mostadam Diamond Certification

    The accolade recognizes RSG's commitment to sustainability.
  • UAE and Africa strengthen carbon market collaboration

    "Our collaboration with the Africa Carbon Markets Initiative provides carbon market buyers in the UAE and wider region with access to high-quality carbon credits in Africa. This does not only help to unlock Africa’s carbon credit generation potential, but also supports sustainable investment opportunities and long-term climate impact," she adds.
  • Dubai’s realty builds on innovation and sustainability

    Dubai's skyline epitomizes modern development, with its appeal bolstered by strong property management and developers capitalizing on increasing sales.
  • Celebrating their success, UAE observes women’s day

    Women entrepreneurs in the UAE succeed in breaking the barriers, distinguishing themselves in diverse fields, enabled along the way by the country's women-empowerment legislation.
  • Dubai Chambers saves water, works on sustainability agenda

    DUBAI, UAE - Dubai Chambers has contributed to the emirate’s drive for sustainability by saving a total of 72,239 litres of water between June 2022 and June 2023, equivalent to 3,822 five-gallon bottles.The savings were achieved as part of the chambers’ participation in ‘Dubai Can’, a sustainability initiative launched by...
  • Under UAE Presidency, COP28 will lead global efforts to protect the planet, safeguard future generations

    "The UAE possesses essential capabilities such as modern infrastructure, a commendable track record in sustainability and environmental conservation, recognition as a successful convener of global events, and deep-rooted relations with other countries," he adds while reviewing the preparations to host COP28 in the country later this year.
  • Five skills workers require in real estate

    Saudi Arabia’s real estate sector is evolving with new regulations, creating fresh job opportunities. The latest initiatives seek to enhance the sector’s GDP contribution while fostering job and investment prospects.
  • Ceer Siemens

    Ceer and Siemens deal to boost EV in Saudi Arabia

    Riyadh-based Ceer is collaborating with Siemens Digital Industries Software to accelerate Ceer’s digital transformation and empower its engineers to design and build truly next-generation vehicles.
  • UAE takes lead in advancing global climate action

    Through the COP28 Summit, the UAE aims to facilitate discussions, build consensus, and catalyze transformative actions to address the escalating global climate crisis.
  • Youth play crucial role in building sustainable future

    "The UAE is committed to a sustainable future, and we believe that our youth are the key to achieving this goal. By empowering young people with green skills, we can help them shape the energy landscape for the future and build a more sustainable world for all," adds Al Marar.
  • Middle East makes mark in Global Soft Power Index

    TRENDS Infographics explores prominent Arab nations in the latest Global Soft Power Index, with the UAE leading the way by entering the top 10, a first for the Middle East.
  • Saudi Arabia aims for 30% marine reserves by 2030

    Dr Faqeeha commends the G20's support for the global platform CORDAP (Collaborative Action on Coral Reefs and People), which was launched during the Kingdom's G20 presidency. CORDAP aims to accelerate research and development for coral reefs globally and strengthen preservation and restoration efforts.
  • Saudi Arabia: An emerging tourism hub

    The Kingdom is harnessing the potential of tourism for economic growth, job creation, and cultural exchange. In 2022, Saudi Arabia welcomed 16.6 million visitors, becoming the most visited Middle Eastern country. By Q1 2023, the number of tourists increased by a remarkable 64 percent compared to 2019. Key attractions include...
  • Adaptability, innovation crucial for success in Dubai’s competitive F&B industry

    Commitment, market awareness, and adaptability are keys to success in Dubai's highly competitive F&B industry, says Deepti Chawla of Infiniti Holdings & DCloud Kitchens.
  • All voices must be heard in transition, sustainability debates: OPEC

    Secretary-General of OPEC Haitham Al Ghais, speaking at the 8th OPEC International Seminar in Vienna, reiterated the organization's keenness to stabilize the market, reduce the environmental footprint and move towards a "sustainable and comprehensive energy transition".
  • VR, AI help executive education flourish across GCC

    Executive education in GCC countries is being driven by economic diversification and technological trends, Peter Zemsky, Deputy Dean of INSEAD, tells TRENDS in an interview.
  • Tech-driven sustainability focus of banks

    Financial institutions in the Gulf region are also focusing on sustainable practices like renewable energy investments, reducing their carbon footprint, and supporting sustainable businesses, say experts,
  • UAE to deepen economic tie-ups with various world countries: Sheikh Saud

    St. Petersburg, Russia-- The UAE is seeking to strengthen economic cooperation with many countries in the world in order to ensure a sustainable and prosperous future for generations to come.This was stated by Sheikh Saud bin Saqr Al Qasimi, supreme council member and ruler of Ras Al Khaimah, in a...
  • GCC ramps up ESG efforts amid green investment push

    Businesses are getting ready for COP28 by moving from starting ESG programs to growing them, and those who know the benefits of ESG Reporting may gain a lot, say experts.
  • SEWA holds talks with US consulate to promote innovation for energy solutions

    Sharjah, UAE-- The Sharjah Electricity Water and Gas Authority (SEWA) has held talks with a US consulate-general delegation to explore efforts in promoting innovation in energy and water and developing sustainable solution for energy production using advanced technologies.In this regard, Abdullah Abdul Rahman Al Shamsi, Director-General of SEWA, hosted a...
  • Kuwait Oil Company’s five-year digital strategy to reduce expenses

    Kuwait -- Kuwait Oil Company announced on Saturday that it has upgraded its five-year digitalization strategy, which will contribute to reducing the operating expenses, increasing production and realizing sustainable growth.The upgrading of the strategy will also enhance safety and security, and help manage risks in a better way, Deputy CEO...
  • Rate rise boosts Gulf banks amid crisis

    Despite global economic challenges such as the crisis, inflation, and high interest rates, the GCC banking sector has shown impressive growth and adaptability. Utilizing technology and responding to evolving market dynamics, it continues to thrive. According to Elham Mahfouz, CEO of the Commercial Bank of Kuwait, the region's banks remain...
  • UAE, Peru sign air services agreement to promote bilateral trade

    Lima, Peru - The UAE and Peru signed an air services agreement for cooperation between the two countries and promote intra-trade.Mohammed Abdullah Al Shamsi, UAE Ambassador to the Republic of Peru, signed the deal on behalf of the UAE and Gervasi Díaz, Minister of Foreign Affairs, representing Peru.Al Shamsi pointed...
  • SCA to waive off registration fee for listing of green bonds, sukuk in local market

    Abu Dhabi, UAE--The Securities and Commodities Authority (SCA) board of birectors has approved a proposal to exempt companies wishing to list their green or sustainability-linked bonds or sukuk in a local market from registration fees for the year 2023.The decision aims to highlight the actions taken by the UAE in...
  • ‘UAE is laboratory of past, present and future’

    "Aside from the obvious things - the construction of museums and large collections - it seems to me that the Emirates are doing a lot of this for the education of young people," he adds, referring to the “Venice Internship program” of the NPUAE that involves Italian interns selected from...
  • Luxury car market rides on sustainability

    A shift in consumer preferences -- with a substantial percentage of sales coming from smaller and midsize vehicles -- hasn't dented the appeal of luxury cars, says Peter White, Sales Director at Audi Middle East.
  • More females steer toward luxury vehicles

    Bentley's Regional Director for the UK, Middle East, Africa, and India also anticipates further growth luxury car market throughout 2023 on the back of economic stability and increased business activity in the Middle East.
  • UAE institutional investors should focus on transition investment: NYUAD report

    Abu Dhabi, UAE-- In order to advance the United Nations Social Development Goals, the UAE institutional investors should concentrate on transition investment, taking advantage of their access to emerging markets.This is the conclusion of a NYU Abu Dhabi (NYUAD) report. The annual report "Transition Investment Lab (TIL)" was launched during...
  • DEWA, WeGO discuss cooperation to achieve sustainable development goals

    Dubai, UAE--Dubai Electricity and Water Authority (DEWA) is looking to cooperate with World Smart Sustainable Cities Organization (WeGO) in urban sustainability, smart technologies and innovate solutions in order to achieve sustainable development goals.In this regard, Saeed Mohammed Al Tayer, MD and CEO of DEWA welcomed a high-level delegation from WeGO....
  • Recession fails to dent luxury car sector

    Amid rapid tech growth and rising environmental concerns, understanding the current automotive industry trends, especially in luxury, is vital, says Dr Manfred Bräunl of Porsche.
  • MENA region takes significant strides towards renewable energy, says Prince Albert II of Monaco

    The Monaco prince commends the Saudi Green Initiative, Middle East Green Initiative and the upcoming COP in Dubai as "remarkable projects and initiatives of the region".
  • Luxury car market navigates challenges

    In addition to battery electric vehicles, BMW is exploring hydrogen fuel cell technology to harness the potential of clean hydrogen production in the region, adds the managing director of BMW Group Middle East.
  • Investcorp acquires Jianuo

    Jianuo is a leading provider of specialty premium components.
  • UAE ministry hosts discussion on poultry industry, food security

    DUBAI, UAE -  UAE Ministry of Climate Change and the Environment (MOCCAE) on Tuesday organized the second National Dialogue for Food Security.This comes in line with the ministry's keenness to implement its strategies to enhance national food security in the UAE, understand the key challenges facing the country's poultry industry,...
  • Meydan Free Zone-ADIB pact to promote SMEs, sustainability in economy

    Abu Dhabi, UAE-- The recent partnership signed between Abu Dhabi Islamic Bank (ADIB) and Meydan Free Zone is expected to promote SMEs and sustainability in the economy.Through this partnership, trade licence holders within the Meydan Free Zone will have access to ADIB's diverse range of business banking products and services....
  • Luxury markets embrace sustainability

    The luxury markets in the GCC region are experiencing significant growth, driven by an increasing demand for high-end products. Despite challenges such as the pandemic, inflation, and banking crises, individuals in the region are investing in luxury items like watches and jewelry due to their potential for future price appreciation....
  • Top car brands adopt sustainable mobility

    Sustainable mobility necessitates taking into account the entire lifecycle of a vehicle, not just the use phase. This includes sustainable design, end-of-life considerations, and incorporating recyclable materials, say experts.