Impact of growing inflation rates on the region’s economy and businesses, along with expert insights
business outlook
Latest in business outlook
business activities
Business conditions in Dubai rise to near three-year high
There has been a strong rebound in the travel and tourism sector which helped push up business activity in May
business outlook
Emaar Properties, Emaar Malls see credit ratings rise on strong 2021 performance, stable 2022 outlook
Emaar Properties’ profitability may rise slightly in 2022-2023 after a strong 2021, despite higher raw material prices and general cost inflation, according to an S&P Global Ratings report
Abdul Aziz Al Ghurair
Over 3,000 firms join Dubai Chamber of Commerce in April 2022 making it the largest in the world
Dubai Chambers is in the process of developing and launching several new initiatives designed to improve ease of doing business in Dubai, remove trade barriers, and enable Dubai businesses to tap into growth opportunities, the chairman said
business in the UAE
Dubai issues 24,600 business licenses in Q1 2022 as investor confidence in the economy strengthens
The 58 percent rise in the number of business licenses issued, compared to 2021, underlines Dubai’s robust fundamentals, resilience, and sustainability of the economy
Business activity
UAE businesses see revenue surge on horizon as hiring efforts hot up
Three out of four companies in the UAE expect to hire staff in the coming 12 months, according to a new HSBC survey of more than 2,000 global businesses
business activities
Saudi business activity expands at fastest pace in three years
The kingdom’s Purchasing Managers’ Index survey compiled by IHS Markit rose to the highest since January
business outlook
RAK Ceramics records strongest first quarter since 2016
The ceramics giant has recorded its strongest start to the year since 2016, with first quarter revenue increasing 21.9 percent year-on-year to AED722.8 million
Business confidence in UAE
Dubai business activity improves as tourism, vaccines gain steam
The private sector, excluding oil, grew for a fifth-straight month in April, according to IHS Markit
business activities
Saudi private-sector employment rises for first time this year
Saudi Arabia’s business outlook fell to a 10-month low, while job creation improved at the strongest pace since late 2019
business outlook
Builders and vaccines power UAE business growth near 2-year high
The Arab world’s two biggest economies are on the mend as their inoculation efforts and higher oil prices power a rebound from last year’s recessions
Business activity
Companies in GCC rush to launch new products as sectors recover from coronavirus
Emergence of the new ‘brick and click’ retail networks also add to companies’ confidence to advance their new launch plans
business outlook
Third of CEOs expect business to return to pre-pandemic levels this year
Exclusive survey shows the impact of coronavirus on companies across the world
business activities
Saudi, UAE business conditions improve, though employment falls
PMI surveys compiled by IHS Markit in December for the two Gulf nations rose above the threshold of 50 that separates growth from contraction
business activities
Subdued demand halts coronavirus rebound for UAE businesses
IHS Markit says non-oil private sector activity in the UAE worsened in November
Accor
Video: The worst is behind us, says Accor CEO
Sebastien Bazin, chief executive officer at Accor SA, discusses his outlook for his business in the second half of the year, the trends he’s seeing in the industry and where he’s seeing opportunity.
Business activity
5 things to know about the legal steps to help protect your business
Entrepreneurs can take certain precautions to fortify their companies during the Covid-19 outbreak and beyond. So how can one, as a business owner protect such a situation from adversely affect business in the future?