Economy & Trade

Red Sea Security Concerns Hit Suez Canal Earnings

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Suez Canal earnings fell nearly 25 percent from July 2023 to June 2024 as shipping companies chose alternative routes to avoid Houthi attacks in the Red Sea.

Saudi Arabia, Thailand Strengthen Economic Ties with New Investment Office in Riyadh

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The Riyadh investment office is part of Thailand BOI’s broader strategy to extend its presence across the Middle East, underscoring the country’s ambition to position itself as a gateway for Middle Eastern investors looking to access ASEAN markets.

UAE Retains Crown as World’s Top Wealth Magnet: A Closer Look

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The UAE has retained its position as the world’s top “wealth magnet” for the third consecutive year, attracting high-net-worth individuals with its favorable tax regime, golden visa policy, luxury lifestyle, and strategic location.

2024 Iranian Presidential Elections Results and Economic Outlook

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The 2024 Iranian presidential election results, which saw victory for reformist candidate Masoud Pezeshkian, offers key insights into the country’s political dynamics.

Digital Transformation Drives 97% Surge in Oman’s Commercial Registrations in Q1 2024

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By the end of Q1 2024, legal and commercial registrations in Oman’s governorates surged by 97 percent, totaling 450,768.

Where to Set Up in Qatar: Special Economic Zones and Industrial Areas

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Qatar offers a unique and strategic location for businesses looking to expand in the Middle East. We spotlight sector-specific locations.

Riyadh Only Arab City to Rank on Savills Latest Growth Hubs Index

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Saudi Arabia’s capital Riyadh is projected to be among the top 15 fastest-growing cities by 2033, fueled by a 26 percent population increase, sustained government infrastructure spending, and attractive fiscal policies.

Investing in Dubai: Industry Prospects

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We discuss how investing in Dubai presents an exceptional opportunity, driven by its strategic advantages and robust economic prospects.

UAE Firms Report Increase in New Orders Even as June PMI Dips Slightly

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The S&P’s Purchasing Managers Index (PMI) for UAE in June revealed a score of 54.6, slightly down from May’s 55.3, but still indicative of robust business activity within the UAE economy.

Freshworks Inc. Expands Presence in MEA with New UAE Data Center Powered by AWS

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Freshworks’ partnership with Amazon Web Services (AWS) is integral to its strategy in Middle East & Africa (MEA), and is representative of how companies in the UAE are investing in digital infrastructure to provide advanced customer and employee service solutions while ensuring regional data compliance.

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