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Middle East CEOs confident about economic growth in 2023, finds PwC survey

According to the survey, 61 per cent of Middle East CEOs expect regional economic growth to improve in 2023 and are ‘very confident’ about prospects for business revenue growth over the next three years

UAE, WHO sign $25m agreement

UAE, WHO sign $25m agreement for Al Makassed Hospital in East Jerusalem

The agreement comes as part of the UAE’s efforts to support the medical and healthcare sectors in Palestine

Renjan George and Sabu Thomas of DVCOM on the last day of GITEX

Gitex Africa: Dubai tech firm DVCOM is ready to launch global collaboration solutions

Gitex Africa will take place in Marrakech, one of the Morocco’s largest cities from May 31 to June 2, 2023

Amman’s Queen Alia International Airport welcomes over 5.8m passengers during Jan-Sep 2022

The passenger numbers registered a 89.6 per cent increase against 2021 figures

Mashreq, Anghami sign strategic partnership

Mashreq, Anghami announce regional strategic partnership

The partnership will see Anghami produce an exclusive podcast for Mashreq’s Brand Campaign “Rise Everyday” and offer the bank’s customers access to its content catalogue

UAE israel education

Sheikh Abdullah bin Zayed arrives in Tel Aviv on Abraham Accords’ second anniversary

Besides the UAE foreign minister’s latest visit, we take stock of the key developments and events since the signing of the historic accords

Tourist project

In pics: UAE President, regional leaders inspect tourism project in Egypt

The leaders were briefed about the five-star hotel which features several tourist facilities

Explainer: How companies in Middle East approach diversity, equality and inclusion?

Current efforts are not limited to just hiring, but also include investing in developing female talent to build up diverse pipelines, opines Maliha Jilani, member of the global social impact practice and partner at Heidrick & Struggles (Dubai)

Egypt carbon dioxide

Egypt to store carbon dioxide in cooperation with Italian Eni

The project will capture and store between 25,000 and 30,000 tonnes of carbon dioxide per year

The Food Lab, Egypt’s cloud kitchen operator, raises pre-seed round of $4.5m

Nuwa Capital, Shorooq Partners, and 4DX Ventures co-led the round, which comprised investors from all across the world

How DIFX is bridging the gap between traditional and digital assets

With a growing startup ecosystem and tech-driven individuals, the Middle East region is on the verge of becoming a global fintech leader, says Jeetu Kataria, co-founder and CEO at DIFX

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Lebanon strikes $3bn IMF deal in step to addressing crisis

The IMF loan will be disbursed over four years in return for the phased implementation of an economic recovery plan

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Saudi Arabia, UAE to give $3bn to Yemen in new peace push

Saudi Arabia will also provide $1bn for the purchase of oil products and to support of development projects

Here’s how advancements in robotics are driving micro-mobility innovation

Micro-mobility is playing a significant role in decarbonising transportation across the world, says Amir Melad, GM-Middle East at Tier Mobility

Huawei’s R&D investment soars to $22.4bn in 2021

The company’s total revenue in 2021 reached $99.9bn, and generated a net profit of $17.8bn

How 2021 was a record year for M&A

Regional and global M&A activity witnessed strong growth last year

EMEA to see increasing investment in DeFi in 2022: KPMG

KPMG’s latest Pulse of Fintech report shows investment in fintech companies in Europe, Middle East and Africa touched $77.4bn across 1,859 deals in 2021

Oil and gas prices are likely to remain elevated in 2022: APICORP

Power sector investments in the MENA region are also expected to continue to thrive, with an accelerating shift towards renewables

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The Middle East’s first large-scale NFT collection to launch in Dubai

The Bored Falcon initiative has been created and fuelled by a collective of artists across Dubai, Manama, Beirut, and Damascus

Middle East M&A activity scales 51% in 2021

The region’s M&A deal volumes for FY 2021 were up 58 per cent from 2020

RouteQ launches operations in Dubai to expand its presence in the Middle East

The technology provider aims to address the key delivery challenges in the Middle East such as inaccurate addressing and package tracking

Power Letters 2022: Mohamed Ebeid, CEO, EFG Hermes’ Investment Bank; group executive committee member

In Egypt, we closed three accelerated equity offerings, out of which one was the first dual listing of a London listed company on EGX

UAE retailer GMG to open more than 100 stores in Egypt by 2026

Sun & Sand Sports, a GMG brand and the Middle East’s sports retailer, is already slated to open at the City Centre Almaza as well as Mall of Egypt

Here’s how biometric has changed the airport environment

Although the pandemic has affected the air travel industry, new technologies and contactless systems can eliminate the bottlenecks, says Osama Nawayseh, Middle East sales manager at Vision-Box

AD Ports Group signs multiple agreements for tourism and maritime enhancement projects in Jordan

It will be the first facility to be developed by AD Ports Group in the Hashemite kingdom of Jordan and its first cruise facility outside of the UAE

Abha International Airport Saudi Arabia

Saudi forces destroy armed drones launched towards Abha and Jazan airports

The coalition later said that it carried out airstrikes on “legitimate military targets” in Sana’a

Voices from the top: Josette Rizk, director of institutional clients, MEA, Invesco

Invesco’s client-centric approach has enabled its EMEA business to grow in assets under management

Here are the foundational elements of Middle East’s digital economy

As core infrastructure like 5G grows across the region, optimising ICT infrastructure with a focus on sustainability is critical to building a flourishing digital economy, says Steven Yi, president, Huawei Middle East

Advanced infrastructure and youth talent pave way for Jordan’s growing ICT sector

The government initiative ‘Jordan Source’ will facilitate and ease new investments into Jordan’s digital outsourcing economy and create more jobs for its digital talents

Missile Attack

Video: Saudi forces destroy ballistic missile targeting Riyadh

The interception resulted in scattered debris over some residential areas, with no damages reported