FinanceTop StoriesInvestment Corporation of Dubai reports record profit & revenue growth for 2023GBO CorrespondentJune 6, 2024 GBO CorrespondentJune 6, 202402473 Investment Corporation of Dubai reported AED 310.2 billion in income for the year, a 16% increase from the previous year
AviationTop StoriesGulf aviation sector’s profitability to top USD 3.8 billion in 2024: IATAGBO CorrespondentJune 6, 2024 GBO CorrespondentJune 6, 202402099 The global aviation body is expecting the overall industry revenue flow to reach USD 996 billion, with total expenses also expected to reach USD 936
TechnologyTop StoriesMENA Watch: PwC executive emphasises critical role of Saudi’s digital transformationGBO CorrespondentJune 5, 2024June 5, 2024 GBO CorrespondentJune 5, 2024June 5, 202401735 The National Events Centre in Saudi Arabia is a prime example of the revolutionary potential of digital technologies
EnergyTop StoriesWith record low cost, Saudi Arabia leads Middle East’s solar revolutionGBO CorrespondentJune 5, 2024 GBO CorrespondentJune 5, 202409412 Nearly two-thirds of the solar capacity in the Middle East is anticipated to be accounted for by Saudi Arabia, the United Arab Emirates, and Oman
Real EstateTop StoriesCBRE report states 77% surge in Riyadh residential market sales in Q1 2024GBO CorrespondentJune 4, 2024 GBO CorrespondentJune 4, 202402049 In Riyadh, Jeddah, and Khobar, the price of a villa increased by 3.6%, 0.2%, and 3.1%, respectively
EconomyTop StoriesFederal Reserve reports growing uncertainty & bleak economic outlook for United StatesGBO CorrespondentJune 4, 2024 GBO CorrespondentJune 4, 202401614 The Federal Reserve has maintained interest rates at a high level in recent months, following a sharp increase in rates in 2022, to curb persistent
Oil and GasTop StoriesSaudi Vision 2030: Kingdom diversifies amid oil woesGBO CorrespondentJune 3, 2024June 2, 2024 GBO CorrespondentJune 3, 2024June 2, 202401400 Saudi Crown Prince Mohammed bin Salman has introduced the Vision 2030 plan, aiming to reduce the country's reliance on oil by investing in sectors like
EconomyTop StoriesChina, UAE media collaboration: All you need to knowGBO CorrespondentJune 3, 2024June 2, 2024 GBO CorrespondentJune 3, 2024June 2, 202401450 The officials from China and UAE talked about how to improve communication between media organisations in both countries
EnergyTop StoriesGo Green with GBO: A sneak peek into Malaysia’s drive towards sustainable growthGBO CorrespondentMay 31, 2024 GBO CorrespondentMay 31, 202401338 As a microcosm of the larger ASEAN market as well as a manufacturing powerhouse, Malaysia is essential to our regional base of operations
EconomyTop StoriesInflation up in three German states in May 2024, says dataGBO CorrespondentMay 31, 2024 GBO CorrespondentMay 31, 202401493 Germany's harmonised inflation rate is expected to increase from 2.4% in April to 2.7% in May, according to Reuters economists surveyed