Gender pay gap narrows in Saudi
In terms of non-Saudi earnings, non-Saudi female average salaries were higher than the sum of non-Saudi male average incomes
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China faces new worry as banks sell off bad loans at record rate
During the January to September 2023 period, 60 billion yuan worth of bad loans were exchanged on the official marketplace for credit assets, a 61%
Airfares to Cairo decrease amid winter travel rush in MENA region
The average cost of the Kuwait to Cairo route has decreased by 62% when compared to the pre-pandemic average
MENA Watch: Oracle to provide AI training to 50,000 Saudi citizens
According to Oracle, Local talent will receive training and certification in the newest cloud-powered digital technologies
Is Sweden economically prepared for a real estate bloodbath?
Sweden, during the early 1990s, saw a financial crisis caused by its commercial real estate sector
Aramco’s AI push signals major market moves
Aramco wants to invest in ways that more accurately reflect its broad market reach and enable it to react to changes in the market more
UAE holds interest rate steady as country set to double its growth in 2024
The report noted that the UAE’s GDP already grew by 3.7% year-on-year in the second quarter of 2022
Saudi Vision 2030: Kingdom postpones projects beyond deadline year to avoid inflationary pressures
According to the International Monetary Fund, Saudi Arabia would require crude at $86 per barrel to balance its budget, a price higher than its average
Boost for UAE’s ‘Cloud Computing’ dreams as it gets leadership of World Bank working group
In 2021, almost 43% of organisations in the UAE region adopted cloud computing, compared to 49% in Western Europe and North America region
Go Green with GBO: Why is MENA investing in ‘Green Steel’?
MENA could benefit from other recent advances that promise to increase the production of green steel while reducing emissions and waste