Monday 21 May 2018
 
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economy

AI to add billions to UAE, Saudi economies

Artificial intelligence (AI) has the potential to boost growth in the UAE and Saudi Arabia and add $182 billion and $215 billion, respectively, to the national economies of the two countries by 2035, according to a recent report by Accenture.

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Abu Dhabi, Dubai growth to stay at 3pc: Fisch

Growth in Abu Dhabi and Dubai will remain at a sustained level of approximately3 per cent over the next few years, if oil prices remain stable around current levels, according to Fisch Asset Management, a leader in credit analysis.

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GCC digital economy is expanding, says UAE C-suite

C-suite executives from over a 100 leading UAE companies have given a resounding assertion that the digital economy is now expanding throughout the Arabian Gulf with most planning expansion of their digital footprint this year. Th

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Tourism contributes over $40bn to Dubai GDP

The tourism sector is estimated to have contributed over Dh150 billion ($40.8 billion) to the Dubai's  GDP (4.6 per cent of GDP) in 2017, providing almost 570,000 jobs (4.8 per cent of total employment), said a report.

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Gulf chemical industry ‘must embrace circular economy’

The chemical industry in the Gulf region must embrace the circular economy, which if correctly leveraged, can generate huge economic and environmental benefits, said speakers during the 9th GPCA PlastiCon, being held in Dubai, UAE.

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Saudi Arabia’s credit to private sector edges up

Saudi Arabia’s credit to the private sector rose on a monthly basis for the first time in five months in January 2018 reflecting a 0.2 per cent increase month-on-month (m-o-m), said Al Rajhi Capital, a top financial services provider.

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Emirates unveils refurbished aircraft interiors

Emirates has unveiled a brand new Business Class cabin and configuration on its Boeing 777-200LR aircraft, with new wider seats laid out in a 2-2-2 configuration for the first time. The airline has invested over $150 million to re

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Aluminium to contribute 15pc to Bahrain’s economy: Alba CEO

Bahrain’s aluminium industry will account for 15 to 16 per cent of the kingdom’s gross domestic product (GDP) with the beginning of the commercial operations of Aluminium Bahrain’s (Alba) brownfield Line 6 Expansion Project nex

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World only 9pc 'circular' in resources use

With over 90 percent of the raw materials used globally not cycled back into the economy, our planet is left with a massive strain on its natural resources and climate that needs to be urgently relieved, according to a ground-breaking report l

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World only 9pc 'circular' in resources use

With over 90 percent of the raw materials used globally not cycled back into the economy, our planet is left with a massive strain on its natural resources and climate that needs to be urgently relieved, according to a ground-breaking report l

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