GCC economies must invest in exports to reduce dependence on commodities Falling oil prices will pose a challenge to GCC hydrocarbon exporters unless governments step up their diversification efforts and develop more export industries, according to a new report by...
• 64 per cent of UAE CEOs expect major disruption in their sector in the coming three years • 88 per cent of UAE CEOs believe that there will be growth in their own industry over the next three...
"No separate ways of thinking, no divisions, no restrictions". These are the opening lines of Saudi's NEOM's trailer. Women in modern clothes, clean energy sources and a lot of open mindedness -- NEOM, Saudi Arabia's $500 billion mega city...
In the run up to Ramadan 2017, YouGov surveyed residents in the UAE and Saudi Arabia as part of their annual Ramadan study to discover expected changes in consumer behaviour in and around Ramadan.  In the survey, not surprisingly a...
MENA shoppers prefer VISA cards A visible surge has been recorded in the demand for Visa debit, credit, and prepaid cards off-late as shoppers across the Middle East and North Africa (MENA) region opted for electronic payment method on the...
Latest Emirates NBD UAE PMI data shows that the UAE's economic output growth picks up at start of 2018. Improving economic conditions resulted in further gains in output and new orders at UAE non-oil companies at the start of 2018....
startAD's Venture Launchpad is UAE’s first hardware startup program aimed at making Abu Dhabi the center for innovation in hardware. The hardware venture launchpad provides startups with the resources, tools, and network to accelerate significantly in a short time span. startAD has...
report is our major annual economics study, which measures the factors that are crucial to future productivity and prosperity. Ten years on from the global financial crisis, economies remain at risk from further shock and are ill-prepared for the...
Almost half of UAE residents are worried that they will not be able to afford the increased cost of living brought about by the country’s implementation of value-added tax (VAT), a survey from Dubai based comparison site yallacompare reveal. Over 62% of...
Our sit down with Bhupender Nath, CEO and Owner of Passion F&B, on ease of doing business in UAE amidst looming oil price slump and its impacts. What brought you to Dubai -- work or personal reasons? Business brought me to...
When the Leavers claimed victory in the referendum, mainstream media as well as  social media went into a frenzy predicting doomsday for UK. Ironically the similarities are striking – where social and economic discontent capitalised by tapping the fear...
Property and real estate are two aspects in an economy that are highly vulnerable and immensely susceptible to the slightest variation. When these two elements enjoy a period of boom, there’s much to speak about – boast and brag...
Whether you’re going on a first date, celebrating your wedding anniversary or proposing to the one you love, Dubai is not short of special restaurants that cater for each and every special occasion. In this article we look at three...
Just as Theresa May's government appeared to be on the brink of collapse, the European Commission President asked the British Prime Minister to meet him in Brussels to jointly announce that negotiators had achieved the breakthrough needed in order...
On June 23, 2016 the United Kingdom held an historic referendum so that voters could decide whether they wanted to leave the European Union governance architecture and over 52% of UK voters elected to "Leave" the EU. Subsequent divorce negotiations...
Freelancing, specifically online freelancing, is still a tiny part of the global staffing industry, which is estimated to be $422 billion. Last year the combined online staffing industry was $1.5 billion and this number is expected to grow to...
Dubai International Boat Show growth contributes to robust regional marine industry 22nd edition showcases 430 boats valued at AED 1.8 billion The show’s largest-ever superyacht to be showcased along with 42 global and regional premiers and 750 exhibiting companies and brands Dubai...
As far as years go, UK Prime Minister Theresa May must be glad to see the end of 2017 as are many others in Britain and around the world. In matters Brexit, it was a year of low-level chaos...
It's starting to heat up in Brexit-land after 17 months of jockeying for position, and this month more than any month since June 2016 might indicate whether UK Prime Minister Theresa May's critics are right or wrong. Will Theresa May...
UAE flowers and plants business estimated at over Dhs140m while the GCC region is estimated to be worth around Dhs970m. UAE geographic location and revival of real estate helping it become a major hub for flowers and plants trade. The UAE...
The newly formed company, Emirates Global Aluminium, will have an aggregate value of more than USD 15 billion and will be the fifth-largest global aluminum company by production, once EMAL Phase II is complete in H1 2014. In a move...
Bahrain has been ranked as the Middle East's top economically free country. According to the annual Index of Economic Freedom published by The Heritage Foundation and the Wall Street Journal, Bahrain remains the Middle East / North Africa’s (MENA) region’s...
Construction work on the replica of Titanic, an iconic ocean liner which sank on its maiden voyage 15 April 1912, is expected to start by the end of the year. Blue Star Line, which has undertaken the project, reveals talks are...
Global Economic Indicator Reveals Mid-East Professionals Believe in Flexible Working. Half of us work remotely – when will the rest catch up? Remote working is here to stay, building productivity, reducing operating costs and increasing staff retention. While the chief executive of...
"Man is born free but is kept in chains everywhere. " ~Jean Jacques Rosseau~ Rosseau's statement is central to the idea that Man is born free  and has the ability to prevent enchainment , only through institutions of righteousness, respect and...
Nigeria has pipped South Africa as the largest economy in Africa in terms of GDP figures as per the recently published report of the National Bureau of Statistics carried out after the rebasing exercise of the Nigerian economy. As per...
Real Madrid Café will be officially launched in Dubai on December 29th, 2014 as the first and only restaurant in the world named after and in collaboration with the popular football club. The momentous event will be made all the...
Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has launched the Dubai Plan 2021. Launching Dubai Plan 2021 is the beginning of a new phase of sustainable and...
Latest figures released by Google shows India’s growing inclination towards e-commerce and online purchases which witnessed an  unprecedented surge in 2015. Piyush Gupta writes on what awaits the sector in 2016. Google released a list of what India searched for...
FTA issues guidelines for smooth VAT system rollout 17 point guidelines for businesses to help companies in the UAE to transition to the new tax system The UAE Federal Tax Authority (FTA) has issued a guideline to the local businesses for...
A new report has revealed the Saudi government’s intentions to completely fill all medical jobs in the kingdom with Saudi nationals within the next five years. The Saudi government is aggressively working on plans to complete Saudization of the medical...
Lebanese Finance Minister Mohammad Safadi announced plans to raise $2 billion in eurobonds this year after borrowing costs of the most indebted Arab country registered a record drop. “We are now talking to the financial markets to get their advice...
As the world economy slows down to a halt and there is a lack of ideas on how to stimulate it, UAE still seems to be an investor’s playing ground. There is renewed belief that as the whole world...
News Summary:  His Highness Sheikh Ahmed bin Saqr Al Qasimi appointed Chairman  Rest of Board comprises leading government and business individuals from the region as well as international legal, compliance and regulatory experts  Joe Moynihan, former Director of Financial...
Dubai’s ruler, His Highness Sheikh Mohammad bin Rashid Al Maktoum, has approved Vision 2020 for tourism, which sets aggressive targets for an increase in number of tourists and overall contribution to overall economy. The Vision has been developed by the...
Growth attributed to region’s young population with high disposable income & high internet penetration rate 2016 industry value stood at USD 4.8 billion GCC market to hit USD 20-billion mark by 2020 The number of online shoppers in the...
In the hierarchy of schemes that are driven by the intention of controlling the wealth of other nations, financial imperialism is a serious contender. It is a time-tested technique for acquiring wealth from developing or emerging countries without physically...
Bright economic growth prospects for the UAE and Saudi Arabia, according to the latest Macro report from Crédit Agricole Private Banking   Q1 2014 ended with bright economic growth prospects for the UAE and Saudi Arabia Arab countries in the Middle East...
The Emirate of Ras al Khaimah got a strong vote of confidence on Sunday when a leading credit rating agency issued a positive outlook based on its sound economic policies. Fitch Ratings said the emirate's future looks stable and...
The latest report on the Saudi Arabia office sector by global real estate consultancy firm CBRE. As a significant volume of new prime office space starts to enter the Riyadh market, particularly at King Abdullah Financial District (KAFD), and the...