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Middle East Business

Latest business news and events happening within the Middle East region, and between this important region and other countries around the globe.
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Business dynamics and economic and socio-economic issues, investment prospects and business trends.

06/02/2023

UAE’s Investopia signs partnership with Emirates Development Bank
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Both entities will leverage their core competencies to drive economic growth, diversification and industrial transformation.

06/02/2023

Taxis in Dubai to become 100% eco-friendly by 2027
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The operating taxi fleet in the emirate totalled 11,371 by the end of 2022.

06/02/2023

Aldar unveils Manarat Living on Saadiyat Island in Abu Dhabi
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Apartments are available for purchase from February 9.

06/02/2023

Women in tech: Aliona Geckler, SVP business operations and chief of staff at Acronis
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Equal career opportunities, equal pay, a flexible work environment and positive work culture are some of the aspects that attract women to enter tech jobs.

06/02/2023

LEAP23 announces investments of over $9bn to support future technology and startups
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The event is running at Riyadh Front Exhibition & Conference Centre from today until February 9.

06/02/2023

Dubai’s DP World reports 1.4% rise in gross container volumes in 2022
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Jebel Ali handled 14 million TEU (twenty-foot equivalent units) in 2022, up 1.7 per cent year-on-year.

06/02/2023

Masdar opens office in Azerbaijan, aims to support country’s clean energy objectives
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Masdar will work closely with the government and other stakeholders in Azerbaijan to accelerate the growth of its renewable energy sector.

06/02/2023

Dubai’s Jumeirah Group acquires property in Geneva, expands presence in Europe
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The art deco property features 109 keys with 87 rooms and 22 suites, offering panoramic views across Lac Léman and the mountain peaks of Mont Blanc.

06/02/2023

UAE’s GMG acquires Aswaaq to expand retail footprint
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The acquisition adds a total of 11 community malls and 22 supermarkets to GMG’s retail network.

06/02/2023

Dell to cut about 6,650 jobs, battered by plunging PC sales
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The reductions amount to about 5 per cent of the company’s global workforce.

06/02/2023

Turkey, Syria earthquake: Hundreds dead, many trapped
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An earthquake with a magnitude of 7.8 occurred at 04:17 local time at a depth of 17.9km near the city of Gaziantep.

06/02/2023

Oracle to open third public cloud region in Saudi Arabia
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The new region in Riyadh is part of the company’s planned $1.5bn investment to expand cloud infrastructure in the kingdom.

06/02/2023

Saudi Arabia, Oman sign executive programme to enhance ICT infrastructure
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The programme will boost cooperation to enhance telecommunication and information technology infrastructure, and high-speed digital interconnection for data exchange.

06/02/2023

LEAP23: Second edition of technology event opens today in Riyadh
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The Riyadh Front Exhibition & Conference Centre is set to host around 100,000 tech innovators.

06/02/2023

Dubai receives 14.36 million international visitors in 2022
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The emirate closed in on its pre-pandemic visitor figures of 16.73 million recorded in 2019.

06/02/2023

Dubai real estate: Sales transactions record over 128.5% YoY rise in Jan, reveals Property Finder
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Off-plan transactions witnessed a remarkable performance, with a 90 per cent YoY increase recording over 5,000 transactions.

05/02/2023

SME Story: Interview with Rami Shaar, CEO of Washmen (ShoeCare)
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When sourcing new talent, it is essential that we leverage their skills and readjust their mentality to the way we work.

05/02/2023

Top 5 benefits of investing in blockchain-based solar energy programmes
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Blockchain has the potential to spur sustainable development through increased efficiency and reduced environmental impacts.

04/02/2023

SME Story: Interview with Prabhakar Posam, CEO of Patang
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In terms of the blockchain and metaverse, the Web3 industry is still in the early adoption stage with limited participation.

04/02/2023

Apple again dominates smartphone profit, taking record 85% share
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The Cupertino, California-based tech giant collected 48 per cent of revenue from smartphone sales over the course of the year.

03/02/2023

Women in tech: Orla Mc Carthy, director of Professional Services – META at Cloudera
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Female leaders, play a pivotal role in attracting and retaining female talent.

03/02/2023

Autodesk cuts about 250 jobs, joining flurry of tech layoffs
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The cuts amount to less than 2 per cent of the company’s global workforce.

03/02/2023

Power Letters 2023: Naim Yazbeck, general manager, Microsoft UAE
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Microsoft continues to commit heavily to education and skilling initiatives.

03/02/2023

Dubai Health Authority, Trends sign MoU to collaborate on research projects
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The MoU will support the authority’s efforts to develop an innovative health system based on scientific research.

03/02/2023

Details of first long-duration Arab astronaut mission announced
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The mission will make the UAE the 11th country to send astronauts on a long-duration mission to the International Space Station.

03/02/2023

Abu Dhabi to deploy laser-based technology to measure vehicle emissions
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The three-week study will detect and quantify emissions from moving vehicles in real time at six locations in Abu Dhabi.

03/02/2023

Crypto exchange Kraken shuts Abu Dhabi office, lays off 8 employees
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The exchange has suspended support for transactions in the UAE’s currency, but clients in the region will still be able to use other products and services.

03/02/2023

Saudi’s King Salman appoints new central bank governor
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Former governor, Dr Fahd Al-Mubarak, takes on the role of adviser at the royal court.

03/02/2023

Masdar City breaks ground on net-zero energy co-working and living space
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The Link will feature a gross floor area of 30,000 square metres comprising sustainable offices, residences, visitor centre, multi-use hall and leisure amenities.

03/02/2023

Abu Dhabi Chamber launches new strategy to boost economy
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The chamber has focused on six strategic objectives, in its 2023-2025 strategy.

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