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Banking & Finance

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Visa Impact series: Empowering small businesses with financial tech

A recipient of Visa’s She’s Next program, Mariem Faghraoui is helping promote economic growth for local artisans in Morocco through her online marketplace Neolli

UAE Central Bank’s effective strategies to fuel banking sector’s continued growth in 2024

The CBUAE has demonstrated its commitment to promoting economic and financial stability within the country

Moody’s affirms stable outlook for Bahraini banks amid non-oil growth

Non-oil economic growth in Bahrain is projected to remain stable at 3.2 percent

Andrew Torre on Visa’s financial inclusion of small businesses, latest campaign

Torre highlights three examples from the Visa Impact Series Campaign that changed the lives of not only entrepreneurs but also their partners and customers

UAE financial system more secure and efficient than ever before: Central Bank report

Report highlights sector's technological advancements and operational efficiency

ADNOC signs 15-year LNG supply deal with German energy firm

Strategic deal reinforces ADNOC's role in global energy transition

ADNOC Drilling shareholders set to receive $358 million as H2-2023 dividend

The dividend will be paid to all record shareholders as of March 21, 2024, on or around April 3, 2024

LNG market disrupted by Red Sea crisis, prices fall sharply

Stability attributed to relatively mild winter, robust stockpiles

Four fundamental actions to build resilience in energy and natural resources in the Middle East

Challenges and opportunities amid geopolitical conflicts, pandemic recovery and climate change

UAE extends oil output cut of 163,000 bpd until end of June 2024

The oil output cut is in addition to the voluntary cut of 144,000 bpd previously announced by the UAE in April 2023

Why mental healthcare in the UAE needs to be formalised, more accessible

Licensing bodies must engage with residents through a public-facing website to provide necessary information

ADGM Academy forges 3 healthcare partnerships to empower national cadres

Partnerships seek to support the UAE national workforce development

Dubai Stem Cell Congress: Showcasing breakthroughs in regenerative medicine

Gathering explores the role of stem cells in treating cancer and diabetes

Egypt inks $300 million deal for integrated medical and educational project in Shorouk City

The project is expected to generate over 2,000 job opportunities

Industry

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Saudi Arabia’s mineral wealth estimated at $2.4 trillion

Exploitation licenses in the Kingdoms mining sector soared by 138 percent

UAE industrial exports surge to $50.9 billion in 2023, marking 61 percent growth

Sheikh Mohammed bin Rashid chaired UAE Cabinet meeting, reviewing accomplishments of industrial sector

Oman empowers industrial jobseekers: A collaborative agreement for skill enhancement

A comprehensive training program will be developed to refine the participants' skills

Investments in 11,670 Saudi factories reach $410 trillion by January

A total of 152 new industrial licenses were issued in January

Saudi Arabia’s industrial production index up 0.3 percent in January on mining and quarrying

Manufacturing activities in the Kingdom rose by 1.1 percent in January 2024

Saudi Arabia’s Ceer awards $1.3 billion contract for EV manufacturing complex

Saudi Arabia's first EV brand advances Vision 2030 with state-of-the-art facility

Logistics

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Air Arabia shareholders approve 20 percent dividend following record financial performance in 2023

Robust expansion and profitability reinforce strength of low-cost carrier's business model

Non-oil trade between UAE and U.S. reaches $31.4 billion in 2023

UAE investments in U.S. continue to grow in real estate, manufacturing, healthcare and technology

Oman’s MTCIT achieves 66 percent revenue growth, surpassing $77.9 million

The allocation of funds is geared towards road construction and maintenance

Abu Dhabi to host inaugural Global Rail conference in October

The event will bring together more than 15,000 senior decision-makers, thought leaders and 1,000 delegates

Global supply chains signal recovery for first time in nearly a year: Report

GEP Global Supply Chain Volatility Index rises to highest in 10 months in February

DP World revenue up 6.6 percent at $18.25 billion for 2023

In terms of cash flow, DP World generated $4.579 billion from its operating activities in 2023

Central Bank of Oman raises $181.84 million through T-bill allotment

The T-bills with a maturity period of 28 days have been allotted a value of $12.98 million

Oil prices hold near four-and-a-half month high on reduced exports, market caution

Surging prices fueled by refinery activity, China demand, and Middle East disruptions

Bitcoin: Is the cryptocurrency really back?

From abysmal lows to historic highs and rapid descends, Bitcoin is doing what it does best

Oil prices extend gains ahead of anticipated Fed meeting, rising supply risks

The recent attacks on refineries added a risk premium of $2-$3 per barrel to crude prices

Miscellaneous

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DWTC achieves remarkable growth in 2023, welcomes 2.47 million visitors

Unprecedented growth cements Dubai's position as a global hub for business and trade

Upcoming business events in Dubai in 2024

Conferences and summits are among the best platforms to expand your network

Intersec launches new global platform for excellence in policing

The Intersec Police Summit will be featured in the lineup of exhibitions in 2025

Skyscrapers in the UAE: Ranking the tallest buildings

Burj Khalifa, Marina 101 and Princess Tower are among the tallest

How to renew a trade license in Dubai in 2024

Learn how to renew your trade license in Dubai

Real Estate

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Abu Dhabi records $23.7 billion in real estate transactions in 2023

The emirate saw 9,448 newly registered investors and 1,098 non-resident investors last year

Real estate transactions in Oman surpass $539 million by January 2024

Oman’s real estate deals surged to $6.7 billion in 2023

Nakheel and Meydan to merge under Dubai Holding, announces Sheikh Mohammed

The board of directors of both Nakheel and Meydan will be abolished

Construction begins on Al-Urubah Park, Riyadh’s largest green space project

More than 600,000 trees and shrubs will be planted, covering 65 percent of the park area

Oman reveals $1.3 billion waterfront project in Muscat Downtown

The 3.3 million sq m project has been designed by Zaha Hadid Architects

Telcos in the GCC embrace technology for revenue diversification: Report

The revenue contribution from non-telecom operations will not have immediate impact on ratings, as per the report

Yahsat and e& UAE to empower smartphone users with satellite connectivity

The deal establishes e& UAE as the first telecom operator to partner with Yahsat under its D2D strategy

LEAP 2024: stc Group’s Riyadh Muawad on how AI can change sports, health sector landscapes

Spearheading connectivity, AI, and cloud solutions in smart cities, industry, and healthcare

Fida Kibbi on Ericsson’s commitment to delivering the network of the future

Telecom giant’s growth strategy includes innovation and inclusivity

LEAP 2024: Ericsson, Mobily boost digital transformation with AI-powered managed services

The two companies extended the managed services partnership for another three years

LEAP 2024: Ericsson and ACES partner to revolutionize indoor 5G connectivity in Saudi Arabia

The deal aims to create a neutral host ecosystem, allowing service providers to share infrastructure