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Chris Hamill-Stewart

Chris Hamill-Stewart

Dubai entrepreneur to launch crypto community for nickel

A prolific Dubai-based entrepreneur is set to launch a crypto token aimed at opening up the asset market and “shaping the future of nickel”. The Nikel token will launch in Dubai next week. Safi Qurashi, CEO of NewTek, told AGBI that it will “create a community that can help shape the future of nickel, and […]

Iridium uses AI to cut through jargon and multiple data points to offer actionable insights
  • Exclusive

Dubai firm using AI to plot corporate sentiment in the Gulf

A UAE management consultancy firm is using artificial intelligence to help companies understand corporate sentiment across sectors and regions. Iridium Advisors in Dubai uses AI analysis to scan and draw insights from 6.7 million words in 1,300 historic earnings calls from companies across the GCC, quantifying what management teams, investors and analysts are telling the […]

UK offshore wind

UK energy windfall tax ‘could scare off Gulf investors’

London’s plan to introduce a windfall tax on the profits of energy producers has prompted widespread disdain from the industry. Experts have warned that the tax could harm the country’s long-term economic growth and deter international investors, including those from the Gulf, from pursuing new deals. On November 17, chancellor Jeremy Hunt announced he would […]

food waste turned into compost

Coffee Planet using its waste to help turn desert into fertile soil

A partnership between Dubai-based coffee shop company Coffee Planet and sustainability startup The Waste Lab is helping to turn parts of the desert into arable soil. Desert soil is not completely unusable, but it lacks the organic matter needed to grow crops or vegetation. Coffee shops, meanwhile, have an abundance of organic matter, in the […]

Fertilisers

Morocco aims to become the world’s premier fertiliser producer

Russia’s invasion of Ukraine has upset the global agricultural industry in more ways than one – but for Morocco, one of the world’s largest fertiliser producers, it has presented an opportunity. Not only were Russia and Ukraine some of the world’s most important wheat and grain exporters, but they also played a central role in […]

Dubai’s bricks-and-mortar stores hold their own against e-commerce

Dubai is experiencing a retail boom — and, bucking global trends for online shopping, much of it is being led by brick-and-mortar stores catering to in-person shoppers. According to a new report by Dubai-based Commercial Real Estate Consultants (CRC), in-person retail transactions in the city this year are up by 133 percent, and transaction value […]

Red Sea Development: Saudi Arabia's Vision 2030 airports and gigaprojects are viewed as opportunities by public services provider Serco

Serco expects 50% of Middle East revenue to come from Saudi

London-based public service provider Serco expects to draw 50 percent of its Middle East revenue from Saudi Arabia by 2026. Daniel McGregor, corporate development director at Serco Middle East, told AGBI that this ambitious plan is already in motion — and it is being formulated to capitalise on Saudi Arabia’s huge investment in public infrastructure, […]

UAE jobs

Tech and tax jobs fuel UAE’s strongest job growth in 6 years

The UAE has recorded its strongest employment growth since 2016 in a jobs boom fuelled by technology and professional services. But despite a growing number of vacancies and intense domestic and regional competition for the best candidates, analysts have warned that salaries — while rising — are failing to keep up with the red-hot jobs […]

Elon Musk's plans for Twitter include overhauling the blue verification system, leaving Dubai influencers planning their response

Dubai’s influencers will weather the blue tick Twitter storm

Twitter is going through an historic overhaul: thousands of staff members fired, a new senior leadership team in place, and a new CEO at the helm – Tesla and SpaceX founder Elon Musk. Among Musk’s flagship plans for the platform, perhaps the most eye-catching is an overhaul of the verification system — Twitter’s blue ticks. […]

Egypt’s ‘Golden License’ bonanza aims to plug ailing private sector

Egyptian President Abdel Fateh Al-Sisi has announced that Egypt will accept all applications from investors for “Golden Licenses” for the next three months, in a bid to spur private investment in the Arab world’s most populated country. The Golden Licenses allow foreign investors to buy or rent land, operate and manage projects, and allocate the […]

Boat, Transportation, Vehicle

‘Encouraging’ signs for UK firm’s $206m Moroccan gas deal

British firm Sound Energy has announced that it is extending negotiations with Morocco’s largest bank over a $206 million deal for the Grand Tendrara and Anoual exploration permits. The London-headquartered company, which has a wholly owned subsidiary in Morocco, has until December 15 this year to agree terms of a financing agreement with Attijariwafa Bank. […]

Despite Turkey’s high inflation, President Recep Tayyip Erdoğan is pushing for more cuts in interest rates

Turkish manufacturing in worst slowdown since May 2020

Turkey’s manufacturing sector slowed for the eighth consecutive month in October, experiencing its most precipitous drop since May 2020. Analysts see no end in sight for the country’s inflation problem, which is weighing down manufacturing and the wider economy. The Istanbul Chamber of Industry Türkiye Manufacturing Purchasing Managers’ Index (PMI), compiled by ratings agency S&P […]

Person, Human, Monitor

Cairo is the tech hub of Africa – and it’s just getting started

Almost 20 percent of African tech startups are based in Egypt, and the vast majority in its sprawling capital of 10 million inhabitants. Egypt is Africa’s tech hub and Cairo is its heart. According to Access Partnership, a public policy consultancy focused on technology, more than a third of Egypt’s startups have benefited from national […]

Egypt’s industrial sector ‘building on strong foundations’

Egypt defied global trends – and the expectations of many – to grow throughout the coronavirus crisis. With its sizeable population, rising middle class and tech-savvy population, the country “showed resilience in the face of the pandemic” and is forecast to record GDP growth of 5.9 percent in 2022, according to the International Monetary Fund. […]

Gas-rich Algeria struggles to assuage Europe’s energy crisis

The Algerian energy sector looked well placed to capitalise on the war in Ukraine and the European energy crisis that it unleashed — but it has failed to live up to that expectation. In fact, rather than increasing gas exports to fill the gaping hole left by Russian energy, Algerian exports have plunged in 2022. […]

Shopping malls are thriving since the pandemic eased

Let the tills ring out: retail is back with a vengeance in the UAE

The UAE’s leading retailers are benefiting from a post-pandemic boom that has them eyeing further expansion into the region’s largest markets. Dubai was among the first economies to reopen after lockdown in 2020. It welcomed a flood of holidaymakers from all over the world to the relative freedom of the emirate. Anthony Spary, head of office […]

aston martin middle east

PIF’s Aston Martin deal will put Saudi’s auto industry in fast lane

The Saudi Arabian Public Investment Fund’s (PIF) £78m investment in Aston Martin is set to turbocharge the kingdom’s domestic automotive manufacturing industry, according to experts. Last week, the PIF announced it would be a part of a £653 million takeover of Aston Martin Lagonda, and that the kingdom’s sovereign wealth fund — one of the […]

Dustin Johnson, at No 13 in the world, is the highest ranked player in the field and stands to earn $125 million from the series

LIV Golf tees off amid smears and controversy

Rival PGA Tour bans players for chasing ‘boatloads of cash’ Heated politics have overshadowed play in what is fast becoming golf’s most controversial tournament in history – the Saudi Arabian-funded LIV Golf Series. Teeing off on June 9, the LIV Series’ inaugural UK event clashed directly with the start of the RBC Canadian Open, an […]

How London became the Islamic finance capital of the West

London has in recent years cemented its position as a vital hub for Islamic finance thanks to history, circumstance and a concerted effort by the government to support the sector. With its strong financial infrastructure and burgeoning fintech space, the UK capital is primed to dominate Western Islamic finance for the foreseeable future. “London and […]