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The “inflationary increase in the cost of living" is thought to have prompted the focus on personal savings

Mena professionals vow to build up their savings in 2023

Saving money is the top new year’s resolution for Mena professionals, a survey has found. In the poll by jobs site Bayt.com, almost two-thirds (63 percent) of the 2,988 respondents said building a nest egg was their No 1 priority for 2023. Keren Bobker, a Dubai-based independent financial adviser and senior partner at Holborn Assets, […]

Hotdesk co-working space

Dubai co-working startup eyes new funding as it goes global

Hotdesk, an on-demand workspace booking platform based in Dubai, is preparing to launch a Series A round of funding as the startup continues to enjoy exponential growth throughout the region and globally. The company, which provides access to co-working spaces at the click of a button, was launched in 2021. It has since expanded into […]

Jaguar

UAE goes vintage with classic car race and centre for collectors

The UAE and supercars have been synonymous for decades, with the very latest luxury models frequently spotted on its roads – but a new industry of classic cars is also gaining speed. This weekend the country plays host to 100 classic cars from around the globe in the first ever UAE edition of Italy’s 1,000-mile […]

Office space

Riyadh prime offices almost full as foreign firms flock to Saudi

Unprecedented demand for prime office space in Riyadh has taken Grade A office occupancy levels close to 100 percent, driven by a massive increase in the number of foreign investment licences issued this year.  More than 4,400 licences were issued in the second quarter of 2022, a rise of almost 700 percent on the same […]

Table Lamp, Lamp, Woman

Cherie Blair ‘optimistic’ for Middle East entrepreneurial equality

Nearly 20 years ago, Cherie Blair CBE, leading King’s Counsel and committed campaigner for women’s rights, predicted that the UAE would lead the Middle East’s drive on gender equality. Her first visit to the GCC region – during her husband Tony’s 10-year stint as British Prime Minister – was promptly followed by the appointment of […]

The business of sleep: from beating jet lag to space-age linen

“I think it’s probably the easiest topic in the world because everybody is interested in it,” says Lilburne Opie, founder and CEO of Dubai-based company Linen Obsession, when we meet for this interview. She’s talking about sleep, which, like breathing, eating and drinking, is a vital necessity. “Even if you get enough time in bed, […]

Higher wages in Emirates entice Filipino expats to invest

Four-fifths of Filipino expats in the UAE plan to make investments in the next 12 months as rising wages and a strong dollar give them greater purchasing power back home.  The UAE’s official population statistics do not provide a breakdown by nationality, although by unofficial estimates there are around 560,000 Filipinos living in the UAE, […]

UAE tops ‘digital lifestyle’ rankings amid investment push

The UAE ranks among the world’s leading countries in several digital life indexes. It’s the first globally in terms of mobile internet speed, with the average speed in being 134.48 megabytes per second (Mbps) compared with the global average of 30 Mbps, according to a report published by the UAE’s Telecommunications and Digital Government Regulatory […]

From Chauf-fur to diamond dog collars, UAE pet sector booms

Whether it’s on a doggie cut and blow dry, a luxury kennel stay, or the finest food and bling accessories, UAE households spend nearly a quarter of a billion dollars on their four-legged friends every year. Market research firm Euromonitor International estimates that the UAE pet care industry will be valued at around AED854.4 million […]

Tech workers reap big salaries amid urgent skill shortage

Dubai-based software engineers can earn up to 30 percent more than similar workers in rival tech hubs in Europe, due to an ongoing skills shortage within the sector across the Middle East. Amanda Line, a partner at global consultancy firm PwC, said that the Middle East and North Africa (MENA) region needs to create 300 […]