Most companies are opting to maintain existing workforce levels, with subdued demand growth and global market shifts prompting a cautious approach.
The latest Purchasing Managers...
Oman’s Nama Power & Water Procurement Company has received competitive bids from 12 major global and regional developers for its strategic Independent Power Projects...
The optimistic market sentiment can be attributed to the influence of new government programmes and wider economic growth, creating a positive market outlook.
According to Sir Timothy Clark, President of Emirates Airline, demand will continue to be as robust as it has been recently, and the leisure and hospitality sectors will see a big uptick in the next five to 10 years.
His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, has officially inaugurated Arabian Travel Market marking the start of the 30th edition of the Middle East’s largest travel and tourism exhibition.
Bank Muscat posted a net profit of RO 51.30 million for the period compared to RO 48.26 million reported during the same period in 2022, an increase of 6.3 per cent.
AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress, says H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology.
However, the GCC growth will still outperform the wider Middle East and North Africa region, forecast to grow by 3% in 2023, down from 5.8% growth in 2022.
