Despite global challenges such as inflation and geopolitical tensions, the total pipeline value of unawarded construction projects in Mena region is set to hit $3.9 trillion with UAE holding a 15% share worth $590 billion, according to an industry expert.
Renewable energy sources will likely form a major proportion of energy generation in future as the region races to achieve a net-zero goal. Grid-scale energy storage will be key in facilitating these sources in digitalised smart grids, said an expert.
The ESG (environmental, social, and governance) sukuk will cross $50 billion mark globally in the next two years as issuers aim to meet their funding diversification goals and ESG mandates, alongside new regulatory frameworks, according to Fitch Ratings.
Dubai flag-carrier Emirates has signed an expanded two-way interline partnership with leading Saudi airline flynas in a move mainly aimed at opening up connections and more travel choices for flynas customers via Dubai.
Despite firm belief in AI plans, businesses’ fragmented AI strategies and execution that overlook end-to-end lifecycles will not deliver successful outcomes, says a research report assigned by Hewlett Packard Enterprise.
About 80% of next-generation philanthropists are moving away from their family foundations and businesses with over 45% employing non-traditional giving methods such as impact investing, microlending, and donor-advised funds, says a study.
The hospitality industry thrives on the dynamic flow of mobility. This is where strategic partnerships, particularly between hotels and chauffeur services, become crucial, says the General Manager of a professional car service in Dubai.
The growth of internet usage in Saudi Arabia reached 99% of the population, with the average mobile data consumption per person reaching 44 GB monthly, data said. Also, mobile phones are the most used devices for browsing, accounting for 98.9%.
Expanding into new sectors and markets ranked first on the list of priorities for Dubai’s next generation of family business members, with business development second and the adoption of new technologies following in third place.
As AI becomes more and more sophisticated, it is imperative that it is figured out how to harness the power of its innovations without opening up to dangerous risks.
