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Gavin Gibbon

Senior editor

Gavin is a journalist with over 23 years of experience in the industry, working on daily and weekly titles in the UK before moving to magazines and digital in the UAE in 2013. He specialises in business reporting, covering all countries across the Middle East and North Africa

Gavin Gibbon
Italy won't let the Fiat Topolino fly the Italian flag because Stellantis makes it in Morocco

Stellantis to remove Italian flag from Fiats made in Morocco

The automobile giant Stellantis will remove the Italian flag from its Fiat Topolino model after being accused of breaking Made In Italy laws because the car – technically a quadricycle – was produced in Morocco. Dozens of the vehicles were seized at the port of Livorno for violations of the law, which insists on strict […]

Beekeepers in Mannouba, Tunisia. The country has 305,000 hives

Tunisia’s honey production hit by global warming

Almost three-quarters of beekeepers in Tunisia have seen their honey production curtailed by climate change. The North African country has 305,000 hives tended by 13,000 beekeepers, according to Hassene Ben Salem, chief engineer at the Office of Livestock and Pastures. But he said extreme weather conditions have almost halved honey production, from an average of […]

People on the Ain Dubai ferris wheel on Bluewaters Island admire the view of Palm Jumeirah. Both locations were popular with Russian property buyers

From buyers to sellers: Russians cool on Dubai real estate

Russian property owners in Dubai are cashing in and moving to alternative foreign enclaves, pushed out by currency issues and the rising cost of living in the emirate. Emigrants from Russia flocked to Dubai in 2022 at the start of the country’s war with Ukraine. The UAE, although condemning the invasion, proved a safe haven […]

Man looks out at Doha's skyline. Qatar's debt as a percentage of GDP is expected to be just over 37% in 2024

Qatar to use $549m budget surplus to reduce debt

Qatar recorded a budget surplus of QAR2 billion ($549 million) in the first quarter of 2024, its finance ministry has announced. The ministry said the surplus would be used to reduce public debt, according to the state-run Qatar News Agency. Total revenue was QAR53.4 billion ($14.7 billion) in Q1, down 22 percent year on year. […]

Iranian president Ebrahim Raisi died in a helicopter crash following a trip to the Azerbaijan border

Oil prices steady following death of Iranian president

Oil prices remained steady on Monday morning following the death of Iranian president Ebrahim Raisi, who was killed over the weekend in a helicopter crash in mountains near Iran’s border with Azerbaijan. Brent crude rose less than 1 percent percent at $84.37 a barrel – slightly below the estimated breakeven price at which Saudi Arabia, […]

Tunisia olives

Soaring olive oil exports help Tunisia balance books

Tunisia’s soaring olive oil exports have almost doubled to close to $1 billion in just five months, helping it claw back its current account deficit.   However the increased revenues merely “paint over the cracks” and the country is still probably heading towards a sovereign default, according to an economic expert. Tunisia’s current account deficit narrowed […]

Saudi aluminium producer Talco is offering 12 million shares

Aluminium producer Talco announces Saudi IPO

Aluminium producer Al Taiseer Group Talco Industrial Company (Talco) is the latest entity to reveal initial public offering (IPO) plans in Saudi Arabia. The Riyadh-based company, which was set up in 2009, is offering 12 million shares, a 30 percent stake, on the Saudi Exchange (Tadawul) at a nominal value of SAR10 ($2.67) per share. […]

Mark Foster, who played professional rugby for Gloucester and now heads LIV Golf, says the sport is ripe for investment

LIV Golf chief says rugby next in line for Gulf funds

Talks are taking place with sovereign wealth funds and private equity entities about potential Gulf investment in rugby, according to Mark Foster, senior vice president of finance operations at Saudi-backed LIV Golf Investments. Foster, a former Gloucester and Exeter Chiefs professional rugby player, told The Good the Bad & the Rugby podcast that discussions have […]

Investment talks. Dubai reported 1,650 FDI projects in 2023

Dubai tops ‘greenfield’ FDI ranking for third year

Dubai is the world’s top location for “greenfield” foreign direct investment for the third consecutive year, according to fDi Markets. A total of 1,070 greenfield FDI projects, where a company sets up in a foreign country, building its facilities from the ground up, were reported in Dubai in 2023. This was more than double the […]

Tourists photograph the Abu Dhabi skyline. Travel funding is small compared to how much tourism contributes to the economy

Travel startups seen as ‘high risk’ by VC investors

The co-founder and CEO of Dharma, an Abu Dhabi business travel management platform, has claimed the tourism sector isn’t seen as attractive enough for investors.  Dharma, which was one of the first startups accepted into Abu Dhabi’s Hub71 incubation programme, closed a $4.7 million Series A funding round last year. “I think for venture capital […]

Traders look at the screens at Bahrain Bourse in Manama, Bahrain, February 7, 2018. REUTERS/Hamad I Mohammed

Bahrain Bourse needs more liquidity despite 43% surge

The Bahrain Bourse has surged by almost 43 percent in the past five years, but experts have warned that the Gulf state must prioritise further listings to bring more liquidity into the market. The bulk of the growth on the kingdom’s main exchange has come from a select number of liquid stocks, topped by Aluminium […]

Dnata staff load cargo into a plane at Cointrin Airport in Geneva. The company's expansion into Rome will need a €20 million investment

Dnata CEO confident of victory in Rome airport case

The group CEO of Dnata, the Dubai-based global air and travel services provider, is “very confident” the company will soon begin operations in Rome. “We’re certainly planning to be operating this year,” Steve Allen told AGBI at a media event on Tuesday, referring to an appeal ruling on the decision to award ground-handling contracts due […]

Emirates chief executive Sheikh Ahmed bin Saeed al Maktoum said he was 'confident in our resilience and ability to respond quickly' to challenges such as the recent flooding in Dubai

Dubai to receive $1bn dividend after record Emirates profits

Emirates Group will pay more than $1 billion in dividends to its owner, the Investment Corporation of Dubai sovereign wealth fund, after it announced record profits of just over $5 billion for the year. The holding group includes Dubai-based flag carrier Emirates and aircraft and airport services company Dnata. It repaid $596 million from the […]

Waleed bin Ibrahim Al Ibrahim, CEO of MBC Group, which raised $222 million with its IPO

Saudi Arabia dominates Mena Q1 public listings

Saudi Arabia dominated public listings in the region in the first quarter of the year and maintains a “healthy pipeline” of IPOs for the remainder of 2024. Nine companies were brought to market in Saudi Arabia during the opening three months, according to the latest report from global consultants EY. The kingdom’s largest, and the […]

King Leung of InvestHK says Middle East investors are 'scooping up high quality, positive cash flow generating assets at very, very attractive valuations'

Hong Kong plans fund on Saudi stock exchange

Officials in Hong Kong are planning to set up an exchange-traded fund with Saudi Arabia’s stock exchange, as Middle East investors increasingly go “bargain hunting” in the Asian city state to take advantage of lower valuations. An exchange-traded fund (ETF) is an investment fund traded on regulated stock exchanges, much like individual stocks are bought and […]

Mark Kirby, CEO of Emaar Hospitality

Emaar Hotels reveals wide expansion plans

Emaar Hospitality Group is talking to investors in Europe, the Middle East and China to expand its footprint regionally and internationally. The Dubai-based company is behind iconic names such as The Address Hotels & Resorts, Vida Hotels, Palace Hotels & Resorts and Armani Hotels & Resorts. Mark Kirby, head of hospitality at Emaar Hospitality, told […]

People, Person, Adult

Emirates chairman ‘not happy’ with Boeing delays

Emirates chairman Sheikh Ahmed bin Saeed Al Maktoum has called on Boeing’s new management to address technical issues with the 777X widebody aircraft as a matter of urgency, admitting that he was “not happy” with the US planemaker. The flight operator has an order for 205 of the jets which were originally due to be […]

Last year, there was a 29 percent increase in international tourist arrivals to the GCC compared to 2022

Why ‘over-tourism’ offers an opportunity for the GCC

The GCC region and its North African neighbour Egypt can reap the rewards of over-tourism across the globe, according to industry experts, with affordability playing a key role in fuelling the sector’s growth. The number of hotel rooms in the six countries of the GCC – Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the UAE […]

Two to three cruise ships arrive in Bahrain every other Monday, carrying between 8,000 and 10,000 passengers

Bahrain port operator hopes to double cruise passenger arrivals

The operator of Bahrain’s biggest port has held discussions with international tour operators to try to double the number of cruise passengers visiting the kingdom next season. Khalifa Bin Salman Port is operated by APM Terminals Bahrain. It welcomed more than 116,000 cruise passengers in the last six-month season, which ran from October to March, […]

Nature, Outdoors, Sea South African hospitality group Mantis announced on Wednesday it will open a resort project on Bahrain’s Hawar Island in partnership with Edamah

Bahrain reveals plans to reach 2026 visitor target

Mumtalakat, Bahrain’s sovereign wealth fund, has been announced as a partner in the development of a new luxury island resort which will open later this year and include a water park and a Bear Grylls Survival Academy. The opening is part of Bahrain’s wider push to expand its tourism offering – with new hotels, beaches […]

A man moves his belongings from a flooded residential complex in Dubai. It has been reported that only 15% of UAE residents have flood insurance

Flood insurance in Dubai under threat says expert

Insurance companies could opt against covering areas of Dubai that were flooded during last month’s heavy rainfall, according to an expert from the S&P Global Ratings agency. Some areas remain badly affected since the torrential storm wreaked havoc across the emirate over two weeks ago, with record amounts of rain over a 24-hour period. It […]