Brent Crude Oil to Average in the $60s a Barrel

Brent Crude Oil to Average in the $60s a Barrel Range Next Year, According to 45% of respondents to a GIQ Industry Survey of 100 Energy Industry Professionals Conducted on the Eve of ADIPEC 2017 Abu … [Read more...]

ALFANAR closes the financing for the landmark 50 MW Solar PV IPP project under FIT program Round II in Egypt

Dubai, UAE -- Alfanar Company closes last week the financing for the development, construction, ownership and operation of a 50 MW solar PV plant which will be located in the proposed 1.8-GW Benban … [Read more...]

Annual Meeting of the Global Future Councils Ends with Pledge to Put People at the Heart of the Fourth Industrial Revolution

Meeting closes with the UAE announcement of a new Centre for Future Readiness – supported by “future ambassadors” and global protocols on artificial intelligence and the Fourth Industrial Revolution … [Read more...]

GIC Invests US$ 100 million in UAE-based Tristar Group

Dubai, UAE -- UAE-based Tristar Group has successfully sold an equity stake to Kuwait-based Gulf Investment Corporation (GIC) by issuing US$ 100 million worth of fresh shares to GIC. The proceeds will … [Read more...]

Survey of GCC CFA Societies unveils views of local investment professionals on VAT

UAE – A survey of local investment professionals across the GCC region reveals that real estate is likely to become a costlier investment following the implementation of value-added tax (VAT), in … [Read more...]

NEOM: Social media trends

On the 25th of October, Saudi Arabia’s crown prince, Mohammed bin Salman, revealed plans to launch a futuristic city – under the name of ‘Neom’ – that stretches borders into both Egypt and … [Read more...]

Organisations are failing to prepare effectively for cyberattacks

● Forty percent of survey respondents cite the disruption of operations as the biggest consequence of a cyberattack, followed by the compromise of sensitive data (39%), harm to product quality (32%), … [Read more...]

Dubai Exports to host 2-day summit on future manufacturing and trade

Dubai - The significance of Dubai Industrial Strategy 2030 in the context of Fourth Industrial Revolution and global trends in industrial production will be on focus at the ‘Future Manufacturing & … [Read more...]

Reports Confirm Tourists from the GCC Account for 80% of the Total $50 Billion Spent by Middle East’s Travellers

Abu Dhabi, UAE - In the upcoming year, the Arab sector will focus on boosting tourism in Morocco by stimulating an influx of tourists and travellers from the GCC region and the Middle East to the … [Read more...]

Four Seasons and Jabal Omar Development Company to Open New Hotel in Makkah, Saudi Arabia

Dubai, UAE -- Four Seasons Hotels and Resorts, the world’s leading luxury hospitality company, and Jabal Omar Development Company (JODC), a leading developer in the Middle East, announce plans for a … [Read more...]

PwC Middle East Economy Watch: Economic growth prospects improve for 2018 after falling short of expectations in 2017

● 2017 shows signs of improvement on 2016, but less than anticipated at the start of the year due to the oil market ● Deficits could be larger than anticipated for the year as a whole, likely … [Read more...]

Disrupt and Grow is highlight of KPMG’s first Saudi Arabia Chief Executives Outlook Survey

Riyadh, Saudi Arabia – KPMG in Saudi Arabia has issued the results of its first KPMG Saudi Arabia CEO Outlook Survey, which offers insights into the opportunities and challenges faced by chief … [Read more...]

GIQ Industry Survey: Oil to Average in the $50s a Barrel in 2018

Fujairah, UAE -- The average price for Brent crude oil in 2018 will be in the $50s a barrel range, according to 61% of respondents to a GIQ Industry Survey of 250 energy industry professionals … [Read more...]

Nuvias Appointed a Pan-EMEA Distributor for Juniper Networks

London -- Nuvias has been appointed as a pan-EMEA distributor for Juniper Networks’ full range of high-performance networking, security, data centre and cloud solutions. High-value distribution … [Read more...]

UAE consumer spending forecast to exceed USD 261 billion in 2021: analysis

Dubai, UAE -- Dubai Chamber analysis predicts a CAGR of 7.5% in UAE consumer spending over the next 5 years - Housing identified as top spending category in 2016, accounting for 41% of total … [Read more...]

Abu Dhabi Global Market successfully closed 2nd batch of FinTech RegLab applications

Abu Dhabi, UAE -- Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has successfully closed the application for its second cohort of the ADGM FinTech Regulatory … [Read more...]

Access World to build a 3PL facility in Jebel Ali Free Zone

Dubai, UAE -- Access World Logistics L.L.C., a joint-venture between U.A.E. based Rais Hassan Saadi (RHS) Group and Switzerland-headquartered Access World Group (Access World) organized a … [Read more...]

Regional banks urged to consider assurance of capital numbers

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged banks in the Middle East to follow its newly published framework for assuring bank capital numbers. The framework aims to … [Read more...]

King Salman appoints commissions to develop Al-Ola and Diriyah Gate

Jeddah, Saudi Arabia -- King Salman bin Abdulaziz has decreed the establishment of renovation commissions tasked with the development of two of the most important archaeological and historic sites in … [Read more...]

Saudi Aramco and Jacobs create Joint Venture for Social Infrastructure Program Management

Saudi Arabia -- Saudi Aramco entered into an agreement today with Jacobs (NYSE:JEC) to form a Saudi Arabia-based joint venture company to provide professional program and construction management … [Read more...]