#middle east

Honor

Ahead of the game: Honor’s quest to become the preferred choice in the Middle East

The GCC has witnessed huge commitment from the global technology brand to drive innovation, aiming to create a smarter and more inclusive future for all

Dimitrios Dosis, president– Mastercard EEMEA

Cover story: Mastercard’s Dimitrios Dosis talks strategy and innovation

The company’s EEMEA president shares how the company is contributing to the digital economy and serving communities

Club Lab Golf co-founders

Club Lab Golf launches in the Middle East with Dubai studio

The bespoke studio is equipped with the latest cutting-edge sports technology and the venue includes two practice bays with large launch monitors

Middle East

Middle East airports to handle 1.1 billion passengers by 2040

Airports in the Middle East will need to invest around $151bn in capacity expansion

Smartphone market

Is the region’s smartphone market expected to grow in 2023?

The competition remains stiff in the coming years, especially for emerging brands

Plant-based meat

Dubai opens 100% plant-based meat factory

Dubai Industrial City will be home to IFFCO’s Thryve factory, which is catalysing the move towards a healthier food supply chain

Healthcare

How digital revolution is reshaping healthcare in the Middle East

As the healthcare sector faces new challenges, emerging technologies are helping leaders to improve performance and manage costs

Netflix

Netflix lowers price of plans by up to 50% in over 100 countries

Netflix is lowering prices in countries that account for a small percentage of its subscriber base

Euronet

Interview: Mohamed Mousa, VP-Euronet Worldwide and chairman – Euronet ME

Euronet aims to enable payment digitisation across the Middle East and provide consumers with the state-of-the-art payment experiences they want to use

UAE's Julphar appoints new CEO to drive growth strategy

UAE’s Julphar appoints new CEO to drive growth strategy

Basel Ziyadeh will succeed Dr Essam Mohamed, who stepped down from the role, having joined in 2020

Dana gas

Dana Gas reports 53% rise in adjusted net profit for 2022

Revenue rose 17 per cent to reach $529m last year, compared to $452m in 2021

India

India energy firms see growth prospect in Africa and Middle East

State-run energy consultant Engineers India expects to finalise a nearly $25m order for a chemicals and fertiliser plant in Nigeria

Middle East CEOs PwC global ceos survey GettyImages-645973195

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

Power Letters 2023: Nabil Habayeb, SVP – GE, President and CEO – GE International Markets

January 2023 will start with the creation of GE HealthCare, a company which will drive precision health to improve patient outcomes

Mubadala kkr tie-up

Davos 2023: Mubadala says Emirates Global Aluminium IPO may happen this year

A listing of the company this year would follow a boom for IPOs in the region that started in 2022 and fetched almost $23bn

Smartworld

UAE’s etisalat by e& named strongest Middle Eastern brand

Tech giant Amazon regained top spot from Apple to become the world’s most valuable brand

Middle East aviation stats for Nov 2022

Middle East airlines witnessed 84.6% rise in traffic in November, says IATA

Total global traffic in November rose 41.3 per cent compared to the previous year

Hotels Courtesy Dubai Media Office

12 stunning new hotels in the Middle East that demand a visit

We look at some of the most interesting hotels scheduled to open in the Middle East in 2023

How life sciences will define the next chapter in the Middle East transformation story

Life science companies are in a unique position to work with local governments to support capacity-building around early diagnosis and treatment

Nomura

Nomura to hire bankers in Dubai for Middle East push

The Japanese firm has received in-principle approvals from the Monetary Authority of Singapore and Dubai Financial Services Authority to set up a branch in the Middle East

Breaking new ground: The impact and legacy of the FIFA World Cup

The tournament is set to begin on November 20, placing host country Qatar under bright lights

OPEC cuts oil demand outlook as it starts to curb production

OPEC expects that it will need to pump an average of 28.92 million barrels a day of crude to satisfy demand during the fourth quarter

PIF partners with Blackrock to explore investments in Saudi Arabia, Middle East

The two entities will collaborate to attract regional and international investors, and boost foreign direct investment into Saudi Arabia

KFC

Gulf KFC operator seeks up to $1.8bn from Saudi, UAE IPO

The final offer price is expected to be announced on November 23 and trading on both exchanges will start December 6

Saudi Arabia commits $2.5 bn for Middle East Green Initiative

Saudi Arabia commits $2.5bn for Middle East Green Initiative

The Middle East Green Initiative was launched by the Crown Prince last year as part of efforts to reduce regional carbon emissions

Kuwait starts commercial operations at new Al-Zour mega-refinery

Kuwait starts commercial operations at new Al-Zour mega-refinery

Comprising three mini refineries, Al-Zour is the biggest of several oil-processing facilities being added across the Middle East

Web3 Middle East

Web3: Transforming the Middle East business landscape

The ability for blockchain to be adopted at a national level is a huge opportunity for it to step into the spotlight as the rightful pioneer in the Web3 space

Saudi Stock Exchange CEO Sees Strong IPO Pipeline in Busy Year

Saudi stock exchange CEO sees strong IPO pipeline in busy year

The Middle East is having a banner year for IPOs on the back of high oil prices, investor inflows and strong demand for share sales

Dubai district cooling firm Empower to sell 10% stake in IPO

The firm has said it expects the minimum dividend to remain at $231m annually for two years after the IPO

In conversation with Radisson Hotel Group’s Elie Milky

The vice president of business development shares Radisson Hotel Group’s plans in the Middle East, its growing focus on Saudi Arabia and upcoming openings