by Jibran Munaf | August 16, 2024 | Market Analysis & Commentary, Market Commentary, News, Retail
Retail spending in the GCC is projected to increase by 37% from 2022 levels, reaching $300 billion by 2028. Cities in the region are emerging as top global shopping destinations, with Dubai leading the way. Dubai is the only GCC city among the six top global retail...
by Jennifer George | August 16, 2024 | Industry, News, Technology
Swedish startup Enride became the world’s first company to operate a driverless electric truck on a public road in 2019. Unlike other iterations of a similar concept, Enride’s trucks were the first in the world to operate without a safety driver in the...
by Jennifer George | August 15, 2024 | Industry, News, Retail
Political unrest in Bangladesh is beginning to cost the nation. Global fast fashion brands like Spain’s Zara, Sweden’s H&M, and Japan’s Uniqlo are redirecting orders for Bangladesh to Cambodia or Indonesia. Bangladesh’s retail clothing...
by Jennifer George | August 15, 2024 | Aviation, Industry, News
Dubai’s Al Maktoum International Airport is set to host the tenth edition of the MEBAA Show, the leading business aviation event, from December 10-12, 2024. The MEBAA airline show aims to foster key business discussions and decisions that echo the booming...
by Jennifer George | August 15, 2024 | Industry, News, Technology
In May 2024, SoftBank’s group subsidiary Arm announced plans to design AI chips. Recent negotiations with Intel to spearhead mass production of Arm-designed chips fell through in light of Intel’s drastic cost-cutting plans, including thousands of layoffs,...
by Vasu Jit Kalia | August 14, 2024 | Energy
French energy major TotalEnergies has joined a growing list of Western multinationals moving out from Pakistan, in the latest blow for the economy in crisis. At least nine companies, including Norwegian telecom Telenor and Shell Oil, have announced moves to partly or...
