#middle east

Total passenger traffic rises 64.4% in 2022

Global airlines poised for 2.7% jump in profit in 2024, says IATA

Industry profits will reach $25.7bn in 2024, which is a slight improvement over this year’s $23.3bn

How AWS is supporting MENA’s cloud journey

Exclusive: Jonathan Allen on how AWS is supporting MENA’s cloud journey

AWS’ director of enterprise strategy tells Gulf Business that the company has three data centres in the UAE and Bahrain, giving customers access to key cloud computing services

Faraday Future targets Middle East drive with aiFalcon model

EV maker Faraday Future forays into Middle East, unveils new model

The automaker plans to launch a limited-edition model, the FF 91 2.0 Futurist aiFalcon, tailored to the local market

UAE President receives Bahraini Foreign Minister

UAE President Sheikh Mohamed receives Bahraini Foreign Minister

Sheikh Mohamed expressed his best wishes to King Hamad and Bahrain and its people for continued development and growth

How dealmakers in Middle East are enhancing M&A strategies

How dealmakers in Middle East are enhancing M&A strategies

Dealmakers and their advisers are including insurance on their agenda just as much as the traditional corporate risk manager

israel crisis puts investors on edge

European shares rise on mining boost; investors eye Middle East conflict

The mining index rose 1.3 per cent as prices of base metals were lifted by hopes of stronger demand from China

Radisson announces ambitious expansion plans for middle East

Radisson targets to have 100 operational hotels in Middle East by 2026

Radisson Hotel Group’s current portfolio has 77 properties in the Middle East comprising over 11,619 keys

Protiviti's George Thomas on the M&A trends

Opinion: Will M&A transactions continue to surge in the Middle East?

Regional integration efforts like the GCC facilitating smoother M&A transactions by streamlining regulations and cross-border investments will support M&A growth

Radisson Blu Dubai Waterfront image Radisson Hotel Group1

Radisson Hotel Group reports strong H1 growth, with over 100 signings, openings  

The group is looking to grow its portfolio in the Middle East to reach 150 properties in operation and under development by 2030

Régis Schultz, CEO of JD Sports (L) and Mohammad A. Baker, Deputy Chairman and CEO of GMG (R) at the signing of the franchise agreement _ image GMG

UAE’s GMG to bring JD Sports to the Middle East, signs franchise agreement

Under the terms of the 10-year agreement, GMG will open around 50 stores under the JD fascia by 2028, across the UAE, Saudi Arabia, Kuwait and Egypt

Hyatt Miraval The Red Sea (Image: Supplied by Hyatt)

Hyatt to triple Saudi Arabia portfolio in five years

The Middle East, Europe and Africa region represents 10 per cent of Hyatt’s global pipeline

real estate

Alvarez & Marsal says dealmaking wave robust in MENA despite global dip

The increased interest rates have not had a material impact on dealmaking activity in the region

7
Celebrities endorsing brands in the Middle east. Image credit: Instagram/sofiavergara/iamsrk/davidbackham/leomessi/prideofgypsies

7 A-list celebrities who are brand ambassadors in the Middle East

Penelope Cruz, Jason Momoa, Sofia Vergara are the new face of home-grown brands in the UAE and Saudi Arabia respectively

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

e& enterprise

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