MENA

Saudi Arabia launches ‘Our Guests Are Our Priority’ campaign to improve hospitality standards compliance

The campaign's initial phase centers on media and awareness initiatives that engage various stakeholders in the tourism sector

Qatar’s CPI sees 1.15 percent increase in August 2024

Five categories experienced increases, four saw declines, and three remained stable

MENA private equity investments hit $5.9 billion in H1 2024: Report

Since 2020, private equity deal value has remained above $10 billion, supported by mega deals

Dubai to host ‘The Africa Debate’ on October 31 to boost trade, investment

The event reflects the UAE's commitment to strengthening its economic and trade relationships with African nations

UAE’s investment in clean energy reaches over $12.25 billion, says minister Al Mazrouei

The country has significantly increased its clean energy share to 27.83 percent in 2023, aiming for 32 percent by 2030 

Saudi Arabia’s annual inflation rate stands at 1.6 percent in August 2024, highlighting economic robustness

This stability positions Saudi Arabia's inflation rate among the most dependable globally

S&P affirms Saudi Arabia’s A/A-1 credit rating, citing reforms and non-oil growth

The agency noted that the Kingdom’s outlook improved to ‘positive'

Sheikh Hamdan approves Dubai RDI Grant Initiative to foster scientific advancements, attract global talent

This program aims to fund research projects that will advance Dubai's key economic sectors

Operations and supply chain decarbonization in the Middle East 

Each company faces unique decarbonization challenges, but many struggle to meet ambitious targets

Picking the who and the why in the GCC’s key growth sectors

Opportunities in retail, local manufacturing, entertainment, and tourism

UAE banks’ capital, reserves reach $134.8 billion by June 2024, says Central Bank

National banks comprised 86.3 percent of the total capital and reserves, amounting to $116.4 billion

UAE’s Ajman real estate transactions surpass $427.4 million in August 2024

The trading volume in the emirate reached AED950 million from 1,005 individual transactions 

Dubai Taxi Company secures 300 new plates, projects $27.2 million in extra annual revenue

This acquisition raises the company’s fleet to nearly 6,000 vehicles, increasing its market share to 46 percent

UAE ministry of energy launches Data Bridge to enhance customer service, streamline government operations

This project enables MoEI to deliver proactive services, request data just once, and exchange digital documents in real time

Qatar Airways resumes flights to Saudi Arabia’s Abha, expands NEOM services

The airline will launch two weekly flights to Abha International Airport starting January 2, 2025

Islamic banks to outpace conventional banking in GCC, says Moody’s

Non-oil economic growth in GCC countries to remain strong in 2025 due to ambitious government economic diversification plans

Dubai introduces AI Security Policy to strengthen cybersecurity, position UAE as global leader in AI by 2031

This initiative promotes a secure cyberspace, strengthening Dubai's digital infrastructure and global cybersecurity leadership

UAE’s Sheikh Mohammed bin Rashid, King of Bahrain discuss in Abu Dhabi strong and longstanding relations between two countries

His Highness and His Majesty discussed advancements in cooperation, and the need for better collaboration for mutual development

Dubai’s dnata wins contract with Royal Jordanian at New York JFK

dnata's team aims to enhance the travel experience for 125,000 passengers on Royal Jordanian’s 360 annual flights 

Gross banks’ assets surpass $1.16 trillion by end of June 2024, reports UAE Central Bank

Gross credit rose by 1.1 percent to AED2,100.9 billion by the end of June 2024

Kuwait-India non-oil trade surpassed $2 billion in 2022, says Chamber

The Chamber highlighted that Kuwait and India's relationship extends beyond business due to their historical ties

UAE’s AD Ports awards $114.34 million crane contracts to ZPMC for terminal projects in Africa

Terminals will get three Super Post-Panamax STS cranes, servicing 21 container rows over 60 meters

Abu Dhabi’s NMDC Energy starts trading on ADX following 31.3 times IPO oversubscription

The offering comprised 1.15 billion shares of the company, 23 percent of total capital, priced at AED 2.8 each