#GCC

DeepFest 2024: The imperative for responsible AI

DeepFest 2024: The imperative for responsible AI

With AI increasingly evolving into a general-purpose technology, issues of control and accountability have been brought to the forefront

How GCC sovereign funds are accelerating growth

Why GCC wealth funds are becoming engines of regional growth

Sovereign funds in the GCC region are key to their respective governments’ national development plans and contribute to deploying national wealth in strategic sectors of interest

Why the UAE is emerging as the preferred wealth hub for HNWIs

Here’s why the UAE is attracting more high-net-worth individuals

Yves Bruggisser, equity partner and Head of Zone Middle East Pictet Wealth Management tells us that the UAE is at the heart of a networking hub that attracts innovation and ambition

Investcorp plans 2024 listing of GCC portfolio company

Bahrain’s Investcorp plans 2024 listing of GCC portfolio company

The alternative investment firm listed Investcorp Capital on the Abu Dhabi exchange last year, defying a depressed market for IPOs

MENA region dealmaking jumps 4% to $86bn in 2023

M&A activity in MENA region jumps 4% to $86bn in 2023

The UAE consolidated its status as the preferred destination for investors due to its business-friendly regulations and efficient legal framework

GCC travel and tourism

GCC travel and tourism: On a steady path to growth

Chris Ross, chief commercial officer, EMEA Collinson, gives us insights into how the travel industry is contributing to the region’s economy and key travel trends

HONOR rides the wave of foldables

HONOR rides the wave of foldables

The Magic V2 comes with all the bells and whistles expected of a premium phone

UAE-UK visa waiver programme

Solo travel to London anyone? UAE nationals no longer need a pre-entry visa to UK

The visa waiver programme kicks in from February and travellers can apply for it at the start of the month

Muzzammil Ahussain CEo fo Almosafer

Power Letters 2024: Muzzammil Ahussain, CEO of Almosafer

A surge in visitor numbers is on the cards both in Saudi Arabia and the wider region when the announced unified GCC tourist visa begins to be implemented

Remittances rise by 5%, reveals world bank report

Bucking the trend: 2024 GCC banking outlook

GCC banks’ financial performance remains resilient while they capture and benefit from the growth opportunities arising on the back of the long-term National Vision

Charging into the future with BMW iX5 Xydrogen

Charging into the future with BMW iX5 Hydrogen

The SUV is expected to hit the showrooms by the end of the decade

How world sees GCC: Region’s sovereign wealth funds on the rise

The GCC region has been named the “region of the year” when it comes to sovereign wealth funds, according to Global SWF

Oman heads into 2024 with projected budget deficit

The Sultanate of Oman is expecting a budget deficit for the year, after it swinging away from a surplus during 2023

Saudi Arabia’s foreign reserves fell from SAR1.57tn the previous month

Unemployment for Saudis rises slightly to 8.6% in Q3

The unemployment rate for Saudis is still lower than the 9.9 per cent recorded in the same period a year ago, according to data from the kingdom

GCC region M&A blazes trail as global deals decline

GCC region M&A blazes trail as global deals decline

The GCC region has proven to be one of the most kinetic deal markets in the world in 2023, with dealmakers expected to remain relatively active in the near future

islamic finance_ sukuks Getty images

Global outstanding sukuk market hits $823bn in Q3 2023

The growth in outstanding sukuk is attributed to several factors that are driving the issuance of Islamic bonds including issuers that seek to plug budget deficits

Masdar

Top marks for GCC nations in digital connectivity index

Countries in the GCC are ranking among the highest in the world when it comes to the state of their digital connectivity in 2023

S&P Global affirms positive outlook on Bahrain

Bahrain notched up 2.45% growth in third quarter of 2023

The Kingdom of Bahrain showcased healthy GDP growth for the third quarter of 2023, according to the latest statistics revealed by that country.

Oracle generative AI

Oracle targets training 50,000 Saudis in AI, latest tech

The training is set to form part of an initiative called ‘Mostaqbali’ (My Future), and will be supervised by Saudi Arabia’s Ministry of Human Resources and Social Development.

Ali Al Kuwari on embracing smart and sustainable practices in construction

Insights: Embracing smart and sustainable practices in construction

Here’s why modern brands and construction projects must have sustainability and smart features at their core, and not just as an afterthought

UAE ransomware

Hackers are targetting UAE, Saudi businesses’ cloud services — survey

The targetting of cloud infrastructure among corporates in these two countries is on the rise, according to a new survey.

Qatar’s Ooredoo, Zain and TASC to create 2.2bn tower company

Qatar’s Ooredoo, Zain and TASC to create $2.2bn tower company

The new tower entity is expected to achieve run-rate revenues close to $500m annually

Revealed: Winners of the Gulf Business Awards 2023

The awards celebrated luminaries from across the region’s business ecosystem

saudi arabia

Saudi Arabia trade surplus grows to $12bn — GASTAT

The trade surplus in Saudi Arabia remains stable amid continued levels of strong trade in the country

How dealmakers in Middle East are enhancing M&A strategies

How dealmakers in Middle East are enhancing M&A strategies

Dealmakers and their advisers are including insurance on their agenda just as much as the traditional corporate risk manager

How the GCC's real estate sector is pivoting towards sustainable development Image for illustrative purposes by Getty Images

Insights: How GCC real estate is pivoting towards sustainable development

With the forthcoming COP28 in Dubai, the momentum for sustainable real estate development in GCC countries is set to receive even greater international attention

Dubai Frame symbolically faces both the older and newer parts of the city.

Daily Insider: How the UAE has transformed in just 10 short years

The sheer rate of change in the UAE and gulf region over the last decade is nothing short of astounding, writes Gulf Business group editor, Gareth van Zyl.

GCC neobanks and the next banking revolution

How GCC neobanks are shaping the next banking revolution

Neobanks have reset the paradigm for the traditional banking industry in terms of customer experience, product innovation and pricing

Visa unveils visa installament payment solution in GCC Image Getty Images

Visa unveils new payment installment solution for cardholders

Participating card issuers and acquirers in UAE, Saudi Arabia and Qatar will be able to offer cardholders flexible and transparent payment plans at merchant checkouts, both in-store and online

Here’s how MoneyGram is fostering growth strategy after privatisation

Exclusive: Alex Holmes on MoneyGram’s transformation and growth journey

The global CEO and chairman explains how the company has emerged as an industry-leading digital remittance firm providing an expansive set of offerings