Video length: 04:10 Dubai Airshow Aviation Middle East open to new airlines to meet demand Boeing sold nearly 200 jets to Middle Eastern airlines during this year’s Dubai Airshow and the US plane manufacturer believes the region is ready for “more new entrants”. “Because of the geography and economic growth, this region will support more competition and new entrants, not only for local passengers but also for connecting economies throughout […] November 19, 2023
Video length: 01:47 Dubai Airshow Aviation Boeing remains cautious on prospect of supersonic flight Neom Investment Fund – part of the Saudi giga-project Neom – has invested in US aircraft manufacturer Boom Supersonic, and Riyadh Air is also considering supersonic flight in its future projects. Saudi Arabian entities, it appears, are not fazed by the view of some industry experts that faster-than-sound flight poses unique difficulties. Darren Hulst, commercial […] November 15, 2023
Video length: 04:43 Video Sustainability Masdar City exec: Let’s talk about greenwashing Greenwashing – a deceitful marketing gimmick where companies exaggerate their environmental actions – is “egregious” as it takes advantage of a movement that affects everyone on earth, according to Bill Weir, CNN’s chief climate correspondent. A recent global survey conducted by US-based The Harris Poll and sponsored by Google Cloud found that six out of […] November 8, 2023
Video length: 04:10 Finance King Abdullah Financial District helps grow FDI Global consultancy business JLL recently announced the establishment of its regional headquarters in King Abdullah Financial District, joining other multinationals such as Pfizer, Bupa and Arthur D Little that are already set up there. Launched in 2006 and located in northern Riyadh, KAFD plays an important role in Saudi’s push towards attracting foreign investments and […] November 3, 2023
Video length: 05:38 VIDEO Banking & Finance Standard Chartered chief aims for ‘100 years’ in Egypt As Standard Chartered plans its expansion into Egypt, the company’s regional CEO warns that the region “is not immune” to global economic turmoil. “If there is going to be a steep recession in the US and Europe, then the impact will be felt here,” said Sunil Kaushal, CEO of Standard Chartered Africa and Middle East, […] October 31, 2023
VIDEO FII A look inside the Future Investment Initiative Energy transition, artificial intelligence and the burgeoning role of the Global South were just some of the key themes covered at the seventh edition of the Future Investment Initiative (FII) held in Riyadh, Saudi Arabia. Held under the theme “The New Compass”, the three-day conference concluded with total investments worth $17.9 billion made. FII 2023 […] October 27, 2023
Video length: 3:34 VIDEO Tech New sectors to drive e& growth as telecoms becomes ‘saturated’ UAE tech and telecoms company e& – formerly Etisalat – is looking at more acquisitions in the GCC as well as Africa and Eastern Europe. “We are in processes as we speak,” said Salvador Anglada, CEO of e& enterprise, during an exclusive roundtable at Gitex. The telecoms major rebranded from Etisalat last year to become […] October 20, 2023
Video length: 03:47 VIDEO Food & Drink Why so much food is wasted in the UAE The UAE aims to reduce food loss and waste by 50 percent by 2030. “There is not much time left so we are working with speed to meet those targets,” said Khuloud Hasan Al Nuwais, chief sustainability officer of Emirates Foundation, which runs the national food loss and waste initiative Ne’ma. Food waste in the […] October 16, 2023
Video length: 23:02 Video Business of Sport Business of sport: Where the Middle East money goes The World Economic Forum has reported that the Middle East’s sports industry is expected to grow by 8.7 percent by 2026, compared with global sector growth of 3.3 per cent over the same period. AGBI recently hosted the Business of Sport roundtable covering a wide range of pressing topics, including M&A activities; outbound vs inbound […] October 15, 2023
Video length: 05:10 VIDEO Finance Explained: Green bonds and how they work The aggregate listing value of green bonds and sukuks on Nasdaq Dubai stands at around $24 billion, according to Christian Kunz, DIFC’s chief strategy, innovation and ventures officer. Regional conglomerates, as well as global companies, have recently used the exchange to raise funds to finance their green projects. Retail giant Majid Al Futtaim raised $500 […] October 6, 2023
Video length: 01:23 Exclusive Food & Drink Talented Emiratis don’t have appetite for food-related jobs Working in the UAE’s food and agriculture businesses is not “very attractive” for Emirati students and the industry must do more to attract local talent, according to the chief of a Dubai Chamber-run food entity. “Nationals don’t even represent two percent of the overall workforce in the food sector,” Saleh Lootah, chairman of the F&B […] September 28, 2023
Video length: 06:36 VIDEO Trade Abraham Accords – 3 years on, $3 billion in trade An Israeli politician has described how the Abraham Accords, signed three years ago today, have “opened a floodgate to, hopefully, a new Middle East”. Fleur Hassan-Nahoum, deputy mayor of Jerusalem, tells AGBI in an exclusive video interview that the agreement signed at the White House on September 15 2020, is transforming Israel’s relations with the […] September 15, 2023
Video length: 03:33 VIDEO Tech AI ‘can solve the problems’ for Middle East digital growth The Middle East’s digital penetration stands at 4.1 percent of its overall economy – where “China was 15 years ago”, according to a strategist at Swiss bank UBS. A recent technology report published by UBS highlights how the Middle East could be the next digital frontier, and why artificial intelligence could play a pivotal role. […] September 5, 2023
Video length: 03:36 VIDEO Economy Brics expansion could hasten move away from dollar The addition of six new countries to the Brics bloc – including some of the world’s largest oil exporters – is likely to expedite the decline in the US dollar’s prominence in global trade, according to a Dubai financial analyst. Saudi Arabia, the UAE, Egypt, Iran, Argentina and Ethiopia have all been accepted as members […] August 29, 2023
Video length: 03:55 VIDEO Environment Who is Sultan Al Jaber? The decision to name Sultan Ahmed Al Jaber to lead the Cop28 climate conference in Dubai has been criticised, as he is also CEO of fossil fuel producer Abu Dhabi National Oil Company (Adnoc). However, the UAE minister of industry and advanced technology also heads renewable energy business Masdar and has other sustainable credentials that […] August 29, 2023
Video length: 00:56 VIDEO Oil & Gas Drilling to begin on Lebanon’s block 9 Exploratory drilling in Lebanon’s offshore oil and gas block 9 will commence on Thursday of this week, caretaker energy minister Walid Fayad has said. “On August 24 the drilling process will begin, and it will be a historic day,” the state-owned National News Agency reported, citing the minister. “After 67 days, we will know the […] August 23, 2023
Video length: 5:59 VIDEO Media & Advertising UAE streamer Starzplay is ‘not chasing Netflix’ Video-on-demand service Starzplay is capitalising on its sports and Arabic content offering to attract subscribers and increase revenues. The UAE-based platform was acquired by e& subsidiary E-vision and Abu Dhabi holding company ADQ last year. It has 2.9 million subscribers across 19 countries in the Mena region and Pakistan. Competitors such as Netflix and Dubai-based […] August 23, 2023
Video length: 03:16 Video Economy Inflation in Egypt hit hard by Russia Inflation in Egypt is going to be a “long-stretched affair”, according to a Mena market researcher in a video interview with AGBI. Egypt’s annual headline inflation increased to a record 36.5 percent in July driven by high food prices. Currency devaluation and the Russia-Ukraine war have been the main factors contributing to the inflated prices. […] August 16, 2023
Video length: 02:36 VIDEO Real Estate Dubai office rents spike as employers vie for talent Office rents in Dubai rose sharply in the first half of this year as demand continues to grow, according to new research. Demand reached 580,000 sq ft in H1 2023, a 23 percent increase on the same period last year. Businesses are gravitating towards Grade A space, using the high-quality offices as a “showroom” to […] August 8, 2023
Video length: 03:43 VIDEO Banking & Finance Crypto trading fuels financial crime in the UAE The rise in the use of cryptocurrencies in the UAE has resulted in an increase in financial crime, according to a Dubai lawyer. “Cryptocurrency has given money launderers a feature that they have dreamt of – secrecy,” Maroun Abou Harb, an associate at law firm BSA, said during an exclusive video interview with AGBI. “This […] August 4, 2023
Video length: 03:53 VIDEO Construction Dubai tests modular building to cut demand down to size Dubai Municipality has awarded Linq Modular a licence to start work on a pilot for a seven-storey modular building. Linq will design and build the pilot modules at its 300,000-sq-ft factory in Dubai Industrial City – which has the capacity to produce 1,900 units per year. The units could be used for a residential or a […] August 1, 2023
Video length: 2:58 VIDEO Lifestyle Private vaults fill the gap as banks abandon deposit boxes Private vaults in Dubai are emerging to take the place of the safety deposit boxes once provided by traditional banks. Costs, concerns over legal liability and the rise of online banking have made providing safety deposit boxes less appealing for banking giants. Capital One, HSBC, Barclays and JPMorgan Chase have all withdrawn from the market. […] July 24, 2023