#middle east

Nearly 50% residents in the region intend to move houses in next 12 months due to pandemic

Apartments are the most widely adopted form of accommodation in the region

How the regional wealth management model is set to evolve?

The adoption rate for digital wealth management solutions has increased dramatically during the pandemic

DP World, Israel Shipyards weigh joint bid for Haifa port

Dubai-based DP World will set up a venture with Israel Shipyards Industries to participate in the tender for the port’s privatisation

Max Mara

Max Mara, Boohoo launch new e-commerce platforms for the Middle East

Max Mara launched its new portal on September 14, while Boohoo will launch its e-commerce website on September 23

Saudi Binladin to hire more advisers for $15bn debt revamp

The kingdom’s top builder reached out to restructuring specialists across the Gulf to assist with reorganising the business

Nissan Ariya

How Nissan is preparing to reboot its Middle East business

The Japanese carmaker has had a rocky year that has brought it to the brink. However, a four-year transformation strategy has plotted out an aggressive turnaround plan.
Here’s what to expect in the Middle East

US Secretary of State Mike Pompeo arrives in UAE

His visit to the UAE forms part of a broader Middle East tour

Mideast equity markets mixed with oil prices in focus

Kuwait’s main equity index led losses in the region

Israel asks UAE Crown Prince to visit as peace moves intensify

Israel and the UAE disclosed on Thursday that they had decided to put aside decades of official animosity in favour of normalising ties

Anwar Gargash, Minister of State of Foreign Affairs

UAE says pact with Israel not about confronting Iran

The deal is all about the UAE, Israel and the United States, says Gargash

Dubai UAE

JPMorgan sees virus fallout stoking Middle East deals into 2021

The first six months saw $72bn of bond issuance from the region

Huawei - Sanjay Sainani copy

Planning for the data centres of tomorrow in the Middle East

Ensuring data centers are fully prepared to meet the future demand is a critical endeavour to support the new digital economy

Gonzalo Usandizaga

Why businesses within the Middle East need to guard against a “new normal” wave of cyberattacks

While cybersecurity systems in place may have been enough before the pandemic, companies need to reassess their frameworks in light of this increased stress to ensure business continuity

Saudi Arabia’s King Salman bin Abdulaziz Al Saud

Saudi Arabia’s King Salman admitted to hospital

He will undergo medical tests due to cholecystitis – an inflammation of the gallbladder

Dubai’s Emirates to resume flights to four more cities

The carrier’s passenger network will grow to 62 destinations in August

OPEC cuts output to lowest since 1991 as virus slams oil demand

The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month

JAPAN-AUTOMOBILE-NISSAN

Nissan Middle East reports 0.5% growth in domestic sales for FY 2019

It will introduce eight new models to the region over the next two years

UK-based Arena Group merges UK, Europe, Middle East and Asia divisions

The company said the move will allow for “maximum utilisation of resources” across the EMEA region

Goldman banker moving from Dubai to London in latest change to Mideast lineup

Fabrice Francois will join Goldman’s mid-market advisory franchise, known as the cross markets group

Global high net worth wealth to dip by $3.1 trillion in 2020 – study

Increased digital engagement has supported the need for wealth managers to redefine their delivery models and grow their digitisation efforts

Hyundai to donate medical equipment worth $2.4m to countries in MEA

Over 603,000 items including face masks, hand sanitisers, protective equipment and 43 ambulances will be donated to 37 countries

Uber’s Middle East unit Careem sees recovery after 80% slump

According to the CEO, Careem has ruled out further job cuts after reducing staff by 31 per cent in May

Women’s wealth in Middle East to rise 9% by 2023 – report

Women’s wealth in the UAE and Saudi Arabia amounts to $103bn and $224bn respectively

Listen in: OPPO Enco W31 launches in the Middle East

The company’s first-ever wireless headphones is now available in the region

Message from the top: Jack Long, CEO, Tecno Mobiles ME

As companies across the GCC tackle the challenges posed by the Covid-19 pandemic, regional business leaders reveal insights on what their organisations are doing and offer advice on how to deal with the current crisis

GE’s regional head Nabil Habayeb takes on global role in the company

Habayeb has now been named as the senior vice president of GE, and the president and CEO of its Global Growth Organization

Mandatory quarantine for passengers arriving in India from UAE, Oman, Kuwait, Qatar

The measures will be in force until March 31 and will be reviewed subsequently

Middle East airlines rank top for passenger traffic growth in 2015

The share of international traffic carried by ME airlines hit 14.2 per cent

Middle East Sales Drive Rolls-Royce’s Record Year

The UAE was the third largest market for Rolls-Royce after the US and mainland China in 2014, while Saudi Arabia was fifth.

HP To Launch Envy 2X Hybrid Tablet In ME

The new tablet-laptop hybrid will be launched in the region next month along with the release of Windows 8.