As the Gulf Cooperation Council (GCC) experiences a significant influx of global wealth, banks in the region are pivoting their strategies from mere customer acquisition to enhancing digital retention efforts. This shift reflects a broader recognition that sustainable revenue growth hinges on deepening existing client relationships rather than aggressively pursuing new ones. The wave of...
The FTSE 100 index has experienced a notable decline as rising oil prices contribute to heightened concerns among investors. The increase in oil prices is often seen as a double-edged sword; while it can benefit energy companies, it raises fears about inflation and potential economic slowdown, impacting broader market sentiment. This decline in the FTSE...
The recent rise in oil prices has contributed to significant concerns among investors, as reflected in the decline of the FTSE 100 index. As market volatility escalates, investors are increasingly apprehensive about the potential implications for economic stability, particularly in the wake of fluctuating energy costs. This downturn in the FTSE 100 is particularly noteworthy...
UAE-based agribusiness Elite Agro Holding is taking significant steps to position Lebanon as a potential agricultural hub to serve Gulf markets. This initiative follows the company’s recent agreements to foster agricultural cooperation in Lebanon. During a visit to the Chouf region, Elite Agro’s CEO, Hassan Halawy, met with Lebanese Agriculture Minister Nizar Hani to evaluate...
On September 2, 2026, Preston Trading Dubai announced the extension of Finance Director Arif Patel’s term until June 30, 2031, reflecting the company’s confidence in his leadership. This decision by the Board of Directors underscores Patel’s significant role in navigating the company’s financial strategies amidst a dynamic market environment. Under his stewardship, Preston Trading has...
Odisha’s Chief Minister, Mohan Charan Majhi, is set to spearhead a high-profile delegation to Dubai for a pivotal Investors’ Meet scheduled for September 8 and 9. This two-day event aims to showcase the investment potential of Odisha and attract foreign direct investment (FDI) into the state. The Investors’ Meet in Dubai represents a significant opportunity...
Dubai has long been regarded as a global hub for entrepreneurship and business development. For individuals looking to establish a small-scale business, the traditional requirement of a physical office may not be as critical as once thought. This flexibility can significantly impact startups’ operational costs and their capacity to prioritize growth during the initial phase...
Dubai has cultivated a reputation as a global financial hub, attracting wealth from around the world, but it faces increasing scrutiny regarding the sources of that wealth. The emirate has developed a highly efficient system that facilitates the influx of capital, often with minimal questions asked. High-value assets like gold and real estate have become...
The UAE government’s bold target of creating 10 million jobs over the next five years is encountering significant challenges stemming from the realities of the labor market. While this initiative aims to address rising unemployment and diversify the economy, factors such as automation, skill mismatches, informal employment, and lack of investment are complicating its execution....
During World Water Week 2026 held in Stockholm, the Abu Dhabi Department of Energy (DoE) underscored its commitment to advancing global water resilience and integrated governance for water and energy resources. Led by its Chairman, Dr. Abdullah Humaid Al Jarwan, the delegation engaged with a diverse group of stakeholders including governmental bodies, regulators, and key...