US music company taps into Saudi hip hop with new deal Abu Dhabi’s PopArabia and Nasdaq-listed Reservoir Media have bought some of the song catalogue of Saudi Arabian hip hop label Mashrex, and will jointly release new music through the specialist label. In a similar deal last September, PopArabia and Reservoir Media acquired Lebanon’s Voice of Beirut. The US company says it aims to become the […] June 21, 2023
Video length: 04:13 VIDEO Food & Drink Abu Dhabi’s Switch feeds appetite for meat alternative UAE consumers are some of the biggest meat eaters in the world, so it might seem an unlikely place to open a plant-based meat factory. The Emirates’ average annual consumption of meat per person is 73kg – more than double the global average of 34.1kg, according to Statista. But Edward Hamod, founder and CEO of […] June 14, 2023
Lifestyle Rich Indians lift UAE to top of millionaire migrants chart The UAE had the highest net inflow of millionaires in the world in 2022, with that number set to be swelled this year by super-rich Indians. Last year 5,200 more high net worth individuals (HNWIs) relocated to the Emirates than left, according to the Henley Private Wealth Migration Report. The study forecasts a net inflow […] June 14, 2023
Analysis Food & Drink Fine wine whets appetite of Gulf investors A Methuselah-sized bottle of wine – six litres – was auctioned by Sotheby’s last December for a staggering $361,000. The sale of the 2007 Domaine de la Roman-Conti is an indication that investments of passion – art, cars, watches and wine – may not have been dented by the recent global economic worries. The region’s […] June 9, 2023
Analysis Lifestyle Rising music streaming propels region’s artists into spotlight Not long ago, the only Arab music artists to make it big were traditional singers like Egypt’s Amr Diab and Lebanon’s Nancy Ajram, firm favourites in wedding playlists and live event calendars the region over. Today, new names and genres are pushing into the mainstream. One recent prominent example is Egyptian rapper Ahmed Ali, better […] June 4, 2023
Opinion Media & Advertising Gulf News and Khaleej Times deserve a fighting chance How the region's struggling newspapers market might survive June 2, 2023
Economy Average age in Saudi is 29, as 2022 population hits 32.2m Saudi Arabia’s population reached 32.2 million in 2022, with the majority of citizens and residents aged under 30 years old, according to the country’s general authority for statistics. Saudis comprised 58.4 percent, or 18.8 million, of the total population, while 41.6 percent or 13.4 million, were non-Saudis, the General Authority for Statistics (GASTAT) said in […] June 1, 2023
Analysis Retail K-beauty is not just a pretty face in Middle East Thousands of UAE fans flocked to Expo 2022 Dubai when some of K-pop’s biggest musical acts took to the stage. From Psy and his mega hit Gangnam Style to girlband (GI)-dle, Korean superstars proved to be some of the biggest crowd pleasers at the world fair. And it would appear that devotees do not only […] May 29, 2023
Opinion Economy In the vortex of Dubai’s cost of living whirlwind Prices keep rising, but there is a flipside May 25, 2023
EXCLUSIVE Lifestyle McLaren gears up for Middle East supercar spending spree McLaren is aiming to double supercar sales in the Middle East and Africa this year, largely driven by demand in the UAE and the arrival of its Artura hybrid model. The carmaker, which is based in Woking in the UK and has Bahrain’s sovereign wealth fund Mumtalakat as its largest shareholder, expects Dubai to be […] May 23, 2023
Analysis Banking & Finance Saudi fund buys into US gaming and e-payments firms Saudi Arabia’s sovereign wealth fund has bought shares in gaming, electronic payment and alternative energy companies, increasing the value of its US holdings by 14 percent in the first three months of this year. The total value of holdings held by the Public Investment Fund (PIF) in US listed companies was $35.52 billion as of […] May 18, 2023
Analysis Food & Drink Champagne sales in the Gulf fizz by 91% World Cup fans and wealthy expats led to Champagne imports to the Gulf almost doubling in 2022. After a strong marketing push by French producers helped luxury bubbly become more mainstream, the number of bottles of Champagne shipped to the region surged 91 percent last year. Comité Champagne, the industry body representing French producers, told […] May 18, 2023
India’s JioCinema in pricing fight with Netflix and Disney Indian billionaire Mukesh Ambani’s streaming platform JioCinema announced premium pricing of INR999 ($12) a year, its first step to move away from a free content model to fight global rivals such as Netflix and Disney in the country. The move comes weeks after Reliance’s Viacom18 struck a content deal with Warner Bros, that will make […] May 14, 2023
Opinion Lifestyle Art and Capital clubbing it out in Dubai Which Dubai private members club you frequent may reveal a lot about you May 5, 2023
Opinion Lifestyle Welcome to Marinagrad, Dubai Embraced by some and resented by others, the Russian presence is changing life in Dubai April 28, 2023
Opinion Food & Drink UAE gastronomy dines out on global attention Homegrown chefs are becoming stars on the world's culinary stage April 27, 2023
Lifestyle Global finance ‘giant’ Win Bischoff dies aged 81 Win Bischoff, who was among the most influential and celebrated financiers of his generation, has died at the age of 81, prompting tributes from the industry he helped shape. The Anglo-German banker worked for some of the world’s biggest banks and finance firms in a six decade career that spanned boom and bust and criss-crossed […] April 27, 2023
Large screens and rumble seats enchant moviegoers Jason Stark’s two young sons talked excitedly for months about seeing the “The Super Mario Bros. Movie”. When the film debuted this month, he decided to make the experience a special outing. Stark took a day off from work and drove his boys, ages nine and six, about a half-hour from their Connecticut home to […] April 26, 2023
Lifestyle Alphabet CEO earns over $226m in 2022 Alphabet Inc CEO Sundar Pichai received total compensation of about $226 million in 2022, more than 800 times the median employee’s pay, the company said in a securities filing. Pichai’s compensation included stock awards of about $218 million, the filing showed. The pay disparity comes at a time when Alphabet, the parent company of Google, has been […] April 23, 2023
Opinion Lifestyle Dubai’s evolving approach to Ramadan Striking a pragmatic balance between the transactional and the spiritual April 21, 2023
Analysis Economy The rise and fall of millionaires in Morocco and Egypt The number of millionaires living in Morocco has increased by 28 percent over the last 10 years, but fallen by 25 percent in Egypt. While Morocco was awarded a $5 billion credit line from the International Monetary Fund (IMF) this week to shield it from the impact of the pandemic, droughts and the Ukraine war, […] April 6, 2023
Employment Professions named and shamed in UAE ‘worst reputation’ survey Recruiters have topped a list of the worst professionals to deal with in the UAE for the third year in a row, while social media influencers offering financial advice were also targeted as “infuriating”. UAE residents were asked which industries delivered the most unreliable customer service in a survey for the fifth annual “Worst Reputation” […] March 31, 2023
