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Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Boeing to sell some assets to Thoma Bravo

The $10.55 bn sale includes portions of digital aviation solutions business.

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Innovation key to solving Gulf water woes

  • World Economic Forum says the Middle East and North Africa is one of the most water-scarce regions in the world.
  • For years, the water crisis has exacerbated conflict and political tensions, while UNICEF says 90% of children in the region live in water stress areas.

Dubai, UAE — A World Economic Forum article, which was part of the Forum’s annual meeting this year, said the Middle East and North Africa (MENA) is one of the most water-scarce regions in the world. For years, the water crisis has exacerbated conflict and political tensions. Moreover, the article said, the issue continues to significantly impact the health and wellbeing of people in the area, especially women and children. In fact, according to UNICEF, nearly 90 percent of children in the region live in areas of high or extremely high water stress. There is an urgent need for taking measures before the situation gets out of hand. TRENDS takes a look how the region can overcome its water woes: