Business

US firm set to build Somerset HQ despite concerns

US firm set to build Somerset HQ despite concerns

US firm Epic's tech park plan in North Somerset greenbelt, approved despite 700+ objections, brings 2150 jobs but faces review. Locals cite losses.

Real pay rises at fastest rate since 2021

Real pay rises at fastest rate since 2021

UK real wages grew fastest in 3+ years (3.4%), driven by private sector pay. Despite inflation risks, interest rate cut is expected after inflation drop.

Transportation prices raise annual inflation in Saudi to 1.2%

Transportation prices raise annual inflation in Saudi to 1.2%

Saudi Arabia's inflation rose 1.2% YoY in Jan '22, driven by transport/food. It's projected at 1.3% in '22 and 2% in '23/'24.

IMF: UAE competent in opening its economy while protecting citizens

IMF: UAE competent in opening its economy while protecting citizens

IMF's Azour: Mideast recovery aided by oil & COVID response. Challenges remain: unemployment, inflation, debt. Region divided by growth prospects.

Finance House to invest $81.67 million in Abu Dhabi capital market

Finance House to invest $81.67 million in Abu Dhabi capital market

Finance House & ADX partner to boost liquidity, with FH injecting 300M dirhams. ADX also launched financial literacy campaign & saw 2.66B direct deals.

Sustainability: a non-negotiable for leaders in the Middle East

Sustainability: a non-negotiable for leaders in the Middle East

Mideast firms prioritize sustainability, driven by demand & govt initiatives. CSOs are key, with internal/external hires. All leaders must share the vision.