Business & Money | Wednesday 23 September, 2015 5:18 pm

Deloitte announces 62,000 new hires and revenues of US$35.2 billion

Deloitte member firms (Deloitte) today reported aggregate revenues of US$35.2 billion for the fiscal year ended 31 May 2015 (FY15), representing 7.6 percent growth in local currency terms.    “Deloitte’s strong financial performance reflects the success of our...

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Business & Money | Tuesday 22 September, 2015 4:19 pm

“How pharmacy practice has transformed in the region”

The pharmacy practice in the GCC region is seen by many experts to have made great progress over the past years, especially in the last decade. In the past, the pharmacy profession is believed to have a “dispensary” function, as shared by Dr. Adeline Saba, Pharmacy Manager from Corniche ...

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Business & Money | Monday 21 September, 2015 2:08 pm

Back-to-school spending increases for 63% of parents in Saudi Arabia

Just under two-thirds (63%) of school parents in Saudi Arabia claim their back-to-school spending has increased by 5-10% in 2015 compared to the previous year.   Data released by YouGov from parents interviewed in the Kingdom of Saudi Arabia in the run up to the new academic school...

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Tourism & Hospitality | Monday 21 September, 2015 1:28 pm

Saudi Arabia, UAE and Turkey took delivery of largest number of business jets in the region

Private Jet Charter (PJC), one of the world's largest independent private jet charter brokers,has revealed thatNice was the most popular destination for Gulf private jets (PJ) users in the first half of 2015, with a total of 328 trips, followed by London with 290 trips and Paris with 260...

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Business & Money | Thursday 17 September, 2015 4:11 am

Little learnt from Lehman collapse

It's been seven years since the collapse of Lehman Brothers and instead of using the event as a way to deal with excess, lax structures and a lack of focus on productivity, it became a catalyst for policymakers to 'pretend and extend'. But not all is lost and while the next seven years...

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Business & Money | Wednesday 16 September, 2015 1:39 pm

Smart cities: Where to go?

In 2015 and beyond, the number and value of smart city initiatives will expand substantially, according to Monitor Deloitte’s new report “Smart cities, not just the sum of its parts”. The majority of new smart city projects globally will continue to be led by European cities and...

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Business & Money | Wednesday 16 September, 2015 1:29 pm

BECO Capital Expects Consolidation in the Venture Capital Market in the Region

BECO Capital, a regional venture capital firm focused on technology investments in the Gulf Cooperation Council (GCC) countries, today said that the Venture Capital (VC) market has gained momentum in the last 12 months, boosted by successful fundraising by the “Big Four”, a much deeper...

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Tourism & Hospitality | Wednesday 16 September, 2015 3:48 am

Tourism to contribute 5.7% of the non-oil Saudi GDP by 2020

Saudi Arabia’s non-oil sector is forecasted to maintain robust growth in 2015. Thanks to the Kingdom’s diversification strategy, the non-oil sector benefits from government spending, corporate lending, and solid domestic consumption. These benefits are likely to continue due to an...

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Business & Money | Monday 14 September, 2015 1:40 pm

Bayt.com Specialties expands with 1 million questions, blogging and article-sharing capabilities

 In just two years since Bayt.com, the leading job site in the Middle East, launched Bayt.com Specialties, it has crossed the 1 million questions mark and the 10 million users milestone, making it the top dedicated regional platform to express thought leadership, promote professional...

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Business & Money | Sunday 13 September, 2015 11:11 am

Henkel delivers solid performance in second quarter

“In a persistently challenging market environment, Henkel delivered overall a solid performance in the second quarter. We again achieved double-digit growth for both sales and earnings. The main drivers were solid organic sales growth, last year’s acquisitions and, above all, the strong ...

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