Business & Money | Thursday 6 July, 2023 9:15 am

78% of Middle East Employees Believe the Rewards of Generative AI Outweigh the Risks

In the Middle East, the new wave of generative artificial intelligence (GenAI) tools, such as GPT-4 and DALL-E, are transforming businesses at an unprecedented pace. Employees in the region are optimistic about how AI—and generative AI, in particular—will affect their work. However, sentiments...

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Business & Money | Thursday 6 July, 2023 9:11 am

EY MENA expands consulting services with addition of The Collective

EY MENA announces the addition of The Collective, the region’s largest independent digital agency, to its Consulting practice. Over 130 digital specialists from the agency will join EY MENA to bolster the design, technology, and marketing capabilities of the service line.The Collective, which...

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Business & Money | Wednesday 5 July, 2023 12:16 pm

Bena, Alderley sign MoU for joint opportunities in energy conversion field

Bena Steel Industries Co. signed on July 4 a memorandum of understanding (MoU) with Alderley PLC to accelerate the capabilities and necessary solutions in energy conversion field in Saudi Arabia.    The six-month MoU focuses on establishing a...

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Business & Money | Wednesday 5 July, 2023 9:45 am

Private equity firm Berkeley Assets highlights key financial insights for the Middle East

Berkeley Assets, a British private equity firm with over 15 years of experience, has revealed the latest financial insights for the Middle East’s investment sector.  Preservation and capital protection, diversification of investments into private markets and the digital transformation of...

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Business & Money | Wednesday 5 July, 2023 9:32 am

Game on: Why we’re expanding our support of esports with VALORANT

Gaming has evolved into a global phenomenon. Yes, its revenues are now bigger than the movie and music industries combined, and competitive gaming — esports — has morphed into a full-fledged global spectacle that rivals, and even dwarfs, many traditional sports. The passion for...

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Business & Money | Wednesday 5 July, 2023 9:09 am

Saudi agricultural GDP reaches SAR 100 bln in 2022

Saudi Arabia’s agriculture sector achieved a record contribution to gross domestic product (GDP) at SAR 100 billion in 2022, Vice Minister of Environment, Water & Agriculture (MEWA) Mansour Bin Hilal Al Mushaiti said.   The Kingdom adopted many strategies, initiatives and...

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Business & Money | Wednesday 5 July, 2023 9:06 am

Naqi Water acquires SAR 7 mln poultry project

Naqi Water Co. signed on July 3 a contract to fully acquire a poultry project from Abdullah bin Saleh bin Abdullah Al-Bethi for Poultry in Qassim at a total value of SAR 7 million, according to a statement to Tadawul.  The project spans 447,700 square meters in Unaizah...

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Business & Money | Tuesday 4 July, 2023 11:04 pm

The Advantages of Forex Trading in Dubai: Tax Benefits, Diversification, and Accessibility

 Forex trading, also known as foreign exchange trading, has gained immense popularity worldwide as a lucrative investment opportunity. Dubai, one of the fastest-growing financial hubs in the world, has emerged as a prominent destination for forex traders. The city's favorable business...

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Business & Money | Tuesday 4 July, 2023 12:43 pm

The Luxe Developers launch AED1.5 billion Al Marjan Island project at star-studded Atlantis The Royal event

UAE-headquartered real estate development firm The Luxe Developers has officially launched its upscale twin-tower waterfront development located on Al Marjan Island, Ras Al Khaimah, during a star-studded event at Atlantis The Royal.   The project, valued at over AED1.5 billion,...

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Business & Money | Tuesday 4 July, 2023 11:13 am

Standard Chartered: “Prioritising High-Quality Bonds, Cautious Equities in H2 2023”

Standard Chartered announced today its Global Market Outlook report for the second half of 2023, offering insights into major asset classes worldwide. The report advises investors to seize income opportunities by increasing their allocation to High Quality Bonds, while adopting a cautious stance...

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