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In today’s newsletter:

Discover the latest stories from Arabian Business, compiled by our editorial team. Here's what you missed on Wednesday:

CEOs in the Middle East are a diverse group of dynamic leaders who play a crucial role in shaping the region’s economic landscape, driving growth and innovation in a rapidly changing global economy. Take a look at the many Middle Eastern CEOs who come from the region’s traditional strongholds – oil and gas. These industries have been the backbone of the economy for decades.

Meanwhile, workers in the Middle East remain confident over the future jobs market, despite changes brought on by technology, according to Bayt.com and YouGov’s Future of Work in MENA 2024 survey. The survey showcases a region that is positive about its professional future, with 80 per cent of the respondent’s expressing confidence in the future of work and achieving success despite the rapidly changing job landscape, and less than 20 per cent feeling uncertain about the future.

In other news, as the United Kingdom approaches its general election on Thursday, Middle East real estate investors are closely watching the potential impact of the results on the property market. UK real estate developer Barrat London has analysed the manifestos of the Labour and Conservative Parties to understand how their policies could affect those looking to invest in London’s property market.

Aside from this, Saudi Arabia has made changes to the Social Insurance Law and will raise the maximum retirement age to 65. The General Organization for Social Insurance (GOSI) clarified the details of the Council of Ministers’ decree, which approved the New Social Insurance Law that is applicable exclusively to new employees.

In addition, major food and beverage groups from across the world are lining up to open branches of their iconic high-end restaurant chains in Saudi Arabia, with a particular focus on Riyadh and NEOM’s Sindalah Island, industry insiders told Arabian Business.

THE LONGER READ:

We explore the multifaceted importance of real estate in the UAE, encompassing economic, social, and cultural dimensions

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