Business & Money | Sunday 13 March, 2016 3:08 pm

GOIC: Oil Prices… Repercussions and Available Options

The Gulf Organization for Industrial Consulting (GOIC) has issued an economic report on the Repercussions and Available Options in the face of oil prices decline, noting that Oil is the main source of income and the backbone of GCC economies, as its share of the GDP is approximately 47%. Without...

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Business & Money | Sunday 13 March, 2016 12:54 pm

BECO Capital Expects a Regional Boom in Startups and Venture Capital, if Oil Prices Linger at Their Current Levels

BECO Capital, a regional Venture Capital firm that invests in technology startups, expects entrepreneurship and VC activity in the Arab region to surge if the global and regional economies continue to slow down. There is a strong positive correlation between a weak economy and a booming tech...

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Culture & Education | Thursday 10 March, 2016 2:24 pm

GCC Education Sector Spearheads Adoption of Advanced Technology to Enhance Learning Experiences

A region wide IDC survey commissioned by Intel has found that educational institutions in the GCC have deployed complex learning systems as well as hardware, and are on track to embrace trends such as the Maker Movement, in a bid to enrich student learning experiences.   The Maker...

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Business & Money | Thursday 10 March, 2016 11:16 am

Visa-Commissioned Study Estimates Migration to Electronic Payments Added Nearly $300B to GDP Across 70 Countries

Visa Inc. today released the results of a new 2016 study conducted by Moody's Analytics that analyzed the impact of electronic payments on economic growth across 70 countries between 2011 and 2015. The Visa-commissioned study found that increased use of electronic payment products, including...

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Business & Money | Wednesday 9 March, 2016 3:52 pm

Gulftainer Registers 4% Growth in Container Volume across Global Portfolio in 2015

Gulftainer, the world’s largest privately-owned, independent port operator based in the UAE, recorded a strong performance in 2015 with an overall growth of four percent across its global portfolio. Gulftainer’s operations in the UAE currently include the Khorfakkan Container...

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Culture & Education | Tuesday 8 March, 2016 12:50 pm

Turner Reveals Significant Findings in Kids Compass Study

Turner, a division of Time Warner, has revealed key insights about the entertainment behaviors, spend, attitudes and purchasing power of kids in the Middle East in a new study titled Kids Compass. Leading the way in the children’s entertainment genre with channels such as Cartoon Network and...

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Business & Money | Tuesday 8 March, 2016 11:51 am

Analytics gaining ground in Saudi Arabia’s manufacturing industry

With the Internet of Things (IoT) transforming the ways in which sensor-generated data is gathered, evaluated and leveraged, various industries in the Kingdom of Saudi Arabia are realising the importance of analytics in enabling more efficient and competitive monetisation strategies.  By...

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Tourism & Hospitality | Tuesday 8 March, 2016 6:37 am

STARWOOD Accelerates Growth in Gateway European Cities

From the International Hotel Investment Forum (IHIF) in Berlin, Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced its continued expansion in Europe with a record 18 organic hotel openings in 2015 and over 30 hotels already under development and expected to open in the...

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Tourism & Hospitality | Sunday 6 March, 2016 3:26 pm

Increased competition, demand to spur hospitality growth in UAE and region during 2016: Expert

With increasing number of hotels opening and due to open over the next couple of years, the hospitality industry across the UAE and region is set for a new phase of growth as hotels and related sector players jostle for increased market share amidst rising demand, an industry expert has...

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Business & Money | Sunday 6 March, 2016 12:00 pm

VAT in the GCC: Now or Never?

Though nothing has as of yet been confirmed, senior officials from Saudi Arabia, Oman and the UAE have all referred to implementing Value Added Tax (VAT) by GCC governments over the next two years and so it seems only a matter of timing rather that 'if' VAT will come. To that...

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