Environment & Energy | Tuesday 3 March, 2020 1:31 pm

GE Powers The ‘Age Of Gas’ In The Middle East

As we look at the decade ahead and beyond, there can be no doubt that gas will continue to play a critical role in the Middle East’s energy mix.    The underlying factors behind this projection and next-gen solutions that will continue to drive the power sector forward were...

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Business & Money | Monday 2 March, 2020 11:55 am

Deloitte Global report forecasts robust M&A activity for chemical industry in 2020

The Deloitte Global Chemical Industry Mergers and Acquisitions Outlook (2020 Outlook) expects robust merger and acquisition (M&A) activity to continue throughout the coming year, despite the trade and geopolitical tensions, and slowing economies that shape today’s...

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Technology & IT | Wednesday 26 February, 2020 4:41 am

Saudi Arabia Among Top 3 Countries Leading Digital Readiness Across MEA: Cisco Study

Cisco’s 2019 Global Digital Readiness Index has identified Saudi Arabia as one of the top three countries in the Middle East and Africa in its readiness transitioning towards a digital economy. Now in its second edition, the company’s report combines analysis from sources including...

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Business & Money | Tuesday 25 February, 2020 12:35 am

Majid Al Futtaim Reports Increased Revenue and EBITDA in 2019

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has announced its audited operational and financial results for 2019, highlighting a revenue increase of 1% year-on-year to AED35.2 billion. Solid operational...

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Business & Money | Monday 24 February, 2020 12:45 pm

Saudi Arabia’s entertainment-led developments continue to drive forward the Kingdom’s real estate industry in 2020

Saudi Arabia’s real estate industry continues to be well-positioned to benefit from the growth of the Kingdom’s entertainment industry and new major entertainment-led projects. These and other initiatives are aimed at positioning the country as a global hub for leisure, tourism and...

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Business & Money | Sunday 23 February, 2020 11:44 am

Middle East Gas Market Growing at Double the Rate of Global Energy Demand

The natural gas market in the Middle East is experiencing a substantial growth phase, with its cost of supply remaining competitive in the long-term despite shale revolution. The recent report by Boston Consulting Group’s (BCG), Snam, and the International Gas Union (IGU) reveals...

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Tourism & Hospitality | Sunday 23 February, 2020 1:31 am

Low-Cost Carriers to boost Middle East aviation market

Low-Cost Carriers (LCC) are driving growth in the Middle East aviation market, recording a 9.3% increase in seat capacity in 2019, according to CAPA Centre for Aviation. Indeed, LCC’s share of total seat capacity across the Middle East increased from 14.9% in 2018 to 16.5% in 2019, with a...

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Business & Money | Thursday 20 February, 2020 2:02 pm

KPMG Survey: Saudi CEOs identify cybersecurity as greatest threat to business

Cybersecurity is the top risk to an organization’s growth, according to chief executives in Saudi Arabia, as opposed to 2018 when it was ranked the sixth among greatest threats, according to the latest Saudi Arabia CEO Outlook report by KPMG.    The report found that 20% of...

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Technology & IT | Monday 17 February, 2020 3:31 pm

New year, new capabilities: infamous Ginp banker now spurs victims to loose credentials via fake SMS

Kaspersky researchers identified a new version of the Ginp banking Trojan, first discovered by the company’s analyst in 2019. Apart from the standard functions of Android-focused bankers – capacities to intercept and send SMS, perform window overlays – the new resurfaced ...

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Tourism & Hospitality | Friday 14 February, 2020 4:07 am

Short leisure breaks to drive 38% increase in visitors to KSA by 2024, says new ATM research

Visitors to Saudi Arabia are predicted to increase 38% from 15.5 million in 2019 to 21.3 million by 2024, according to new research by Colliers International, commissioned by Arabian Travel Market (2020), which takes place at Dubai World Trade Centre from 19—22 April 2020.   This...

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