Markets GCC UAE

UAE supports GCC efforts to accelerate trade, industrial & investment integration & promote non-oil sector growth

PR News Desk 19/09/2023

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led the UAE delegation participating in the 65th GCC Trade Cooperation Committee meeting, the 51st GCC Industrial Cooperation Committee meeting, and the sixth meeting of the GCC Ministerial Committee for Standardization. The

NEWS DESK GCC Markets UAE

Mariam Almheiri heads UAE delegation at G77+China Summit in Cuba

PR News Desk 18/09/2023

Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, headed the UAE delegation to the G77+China Summit, held in Cuba, where she met Cuban President Miguel Díaz-Canel and ministers and senior officials worldwide. Almheiri affirmed that COP28, being hosted by the UAE, is an opportunity to turn the world’s collective focus to conclude […]

Markets

Hyundai Motor Group donates AED3.68m for Morocco and Libya natural disasters

Arnold Pinto 18/09/2023

Amount collected from four Hyundai affiliates Hyundai Motor Group has donated AED3.68 million ($1.1 million) to assist Morocco and Libya in their recovery efforts following the recent severe earthquakes and floods in the two North African nations. The donated amount comes from the four affiliates of Hyundai Motor Group – Hyundai Motor Company, Kia, Hyundai […]

Markets

Do you know the US is the #1 country for migrants since 1970?

Arnold Pinto 15/09/2023

India had the most people living abroad in 2020 According to the UN’s latest data published in the latest World Migration Report 2022, the United States has been the number one country for migrants from across the globe since 1970. The report confirms that the number of foreign-born people in the continental United States has increased more […]

Automotive Markets

Motul flows into the Middle East with NGEN range of engine oil

PR News Desk 13/09/2023

New lineup comprises bio-sourced and premium regenerated base oils Motul, a world leader in the formulation, production, and distribution of high-tech engine oils, has launched its NGEN engine oil range in the Middle East region. The NGEN range is made of bio-sourced and premium regenerated base oils for passenger hybrid cars and motorcycles. The lubricant […]

Markets GCC NEWS DESK Saudi Arabia

One million users sign up for Saudi Arabia’s first social network

PR News Desk 10/09/2023

Jaco platform aiming for 5 million users by the year-end September 10, 2023: In his first appearance on the business stage of Saudi Arabia’s first social network, Jaco’, Saudi entrepreneur Fahd Al-Shidi, the project supervisor, announced that the team expects to reach five million users soon. Al-Shidi added that Jaco’s ability to collect of more […]

Tech Markets

Middle East’s digital economy set to touch $780bn in 2030

Arnold Pinto 03/09/2023

Software, internet, and data centres standout sectors The latest information technology report issued by UBS – the largest global wealth manager – has identified the Middle East as the next significant digital frontier market in global tech. The UBS AG Singapore branch and UBS Financial Services prepared and released the report, part of a TechGPT […]

Markets Business

Arab nations urged to align their economies on global trends

Arnold Pinto 02/09/2023

Ministers of economy meet at Arab League HQ in Cairo The UAE has called for reformulating Arab economies policies and programmes to align with global trends. This was the message of Abdullah bin Touq Al Marri, UAE Minister of Economy when he addressed the 112th session of the Economic and Social Council of the Arab […]

Automotive Markets

A US customer buys the five millionth Jeep Wrangler SUV

Arnold Pinto 01/09/2023

Landmark achievement coincides with 2024 Jeep Wrangler launch In the United States, a retail customer in Camden, New Jersey, has purchased the five millionth Jeep Wrangler, a 2023 Jeep Wrangler Rubicon 4xe 20th anniversary edition in Earl exterior paint. Announcing the record-breaking sale on August 31, 2023, the Jeep automotive brand stated that the new owner […]

Business Markets

Forex.com forecasts a positive economic outlook for the GCC region in the second half of 2023

Arnold Pinto 28/08/2023

The six GCC countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE – are exhibiting a positive economic outlook for the second half of 2023 (H2 2023) thanks to several factors, including oil prices, according to new research conducted by Forex.com. Based in New Jersey, Forex.com is part of New York-based financial services […]

Markets Business

More power to the Global South as 5 MEA countries will join the BRICS bloc

Arnold Pinto 26/08/2023

A record five Middle East and Africa (MEA) countries will formally join BRICS – the bloc of five major emerging economies – from January 1, 2024. The five MEA nations are Iran, Saudi Arabia, Egypt, Ethiopia, and the United Arab Emirates (UAE). BRICS currently comprises Brazil, Russia, India, China, and South Africa. South Africa joined the group in 2010, […]

Markets

World to have 1.5 billion inbound roaming connections in 2024

Arnold Pinto 16/08/2023

Juniper Research predicts there will be more than 1.5 billion inbound roaming connections globally in 2024, which are expected to rise to 2.4 billion by 2028.  In its newly released global report, ‘Roaming Intelligence Centre’: Global Wholesale Roaming Market 2023-2028’, the UK-based specialist in identifying and appraising new high-growth market sectors within