Arab Business News Headlines Today

Top business news from the Arab world

• Saudi Arabia

  is a top investment hub: According to a survey by HSBC, 90% of international businesses in the UAE consider Saudi Arabia their top investment market. 96% also said that Saudi Arabia’s sustainability goals encourage their investments.

• Gulf markets ease on soft oil prices: On November 10, most Gulf stock markets were subdued due to weak oil prices and lackluster corporate earnings. However, some stocks saw positive movement; for instance, Dar Alarkan Real Estate Development Co. jumped over 5% following a rise in quarterly profit.
• AI partnership: JetBrains and the DMCC AI Centre have announced a strategic partnership to accelerate AI innovation.
• Investing in Saudi technology and innovation: The HSBC survey indicated that technology and innovation were the top investment destinations inSaudi Arabia, with 47% of current and 46% of future investments going to these sectors.
• UAE businesses favor project finance: Project finance was the most attractive channel for participating in the Saudi economy for 52% of the surveyed UAE businesses.
• Al-Futtaim’s investment in Saudi Arabia: Dubai’s Al-Futtaim has announced a $2.7 billion investment in
  Saudi Arabia

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