Category Archives: Business & Investments

Retail Congress MENA 2024: Igniting the Future of Retail in Saudi Arabia

Riyadh, Saudi Arabia – The retail industry is on the cusp of a new era, and the Retail Congress MENA 2024 is set to be the catalyst for its transformation. This landmark event, taking place on November 4-5 at the Mandarin Oriental, Al Faisaliah in Riyadh, is a celebration of the 30th anniversary of the Middle East Council of Shopping Centres & Retailers (MECS+R).

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Inaugural Global Conference on Economic Diversification 2024 explores policy options, pathways and challenges on its first day

  • The policy-focused and scientific conference builds on the outcomes of the annual Economic Diversification Index series, published by the Mohammed Bin Rashid School of Government at the World Government Summit.
  • The inaugural edition of the conference brought together around 150 experts from 30 countries and international organisations, and focused on policy, thought-leadership, methodological, and theoretical research related to economic diversification.
  • H.E. Alia Bint Abdulla Al Mazrouei, UAE Minister of State for Entrepreneurship, delivered a keynote speech at the inaugural event.

Dubai, UAE – 31 October 2024 – The first Global Conference on Economic Diversification launched its two-day agenda in Dubai today, Thursday, 31 October 2024, organised by the Mohammed Bin Rashid School of Government (MBRSG) at its headquarters in the Dubai World Trade Centre.

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CriminalsReverting to Old-School Tactics with New Twists, Visa’s State of Scams Report Shows

Latest Visa Biannual Threats Report highlights emerging scams targeting consumers, merchants and financial institutions.

Dubai, UAE—October 30, 2024–Visa, a global leader in digital payments, published the State of Scams: Fall 2024 Biannual Threats Report. The latest edition of the report brings to light several emerging threats and scams targeting banks and consumers, including a surprising resurgence of small-scale physical crime.

“Visa invested $11 billion dollars in technology and infrastructure in the past five years, and our network is more secure than ever,” said Paul Fabara, Chief Risk and Client Services Officer at Visa. “As payments becomesafer, fraudsters are reverting to tried-and-true tactics that target the weakest link in the ecosystem: consumers. Visa is committed toremoving risks across a transaction, regardless of how you’re paying, but that doesn’t mean consumers should let their guard down.”

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Build Well delivers 99 construction projects as Middle East project pipeline value exceeds US$3.9 trillion in 2024

Established in 2007, Build Well currently serves in seven countries across three continents serving hundreds of clients in delivering world-class projects

Date: Dubai, UAE; Wednesday, October 30, 2024

Build Well, a construction and building materials company that specialises in the supply and installation of fire-rated steel doors, architectural hardware (ironmongery), and various high-quality building materials for the construction industry, is growing its footprint across the Middle East and the world with eight offices that will help it to support the US$3.9 trillion (Dh14.3 trillion) construction projects industry in the Middle East.

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Global gold demand reaches a record high value of US$100 billion

The World Gold Council’s Q3 2024 Gold Demand Trends report reveals that total gold demand[1] increased 5% year-on-year to 1,313t, a record third quarter. Total demand exceeded US$100bn for the first time on record, supported by strong investment in a record-high price environment.

Global investment demand more than doubled year-on-year to 364t, driven by a shift in demand for gold ETFs primarily from Western investors. Globally, gold ETFs added 95t, marking the first positive quarter since Q1’22. Bar and coin demand fell 9%, but the year-to-date total remains strong at 853t compared to the 10-year average of 774t.

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