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Bahrain expects tourism to contribute $1bn to economy by 2020

  With a steady increase in the number of visitors, Bahrain is optimistic about tourism potential in the kingdom. In fact, Bahrain’s Economic Development Board is placing renewed emphasis on tourism as a key economic driver with 3,000 hotel rooms in the development pipeline. Tourism is expected to contribute $1 billion to the economy by […]

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Aramco IPO: It’s not about the money

  “Welcome to Aramco… the government’s pampered baby”. Those were the exact words I heard from my scholarship manager upon joining the Saudi oil empire twenty years ago. Back then, the prospect of selling any part of the Saudi piggy bank was more science fiction than science fact. But the rationale behind contemplating such a […]

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UAE’s high Internet penetration helps fuel e-commerce boom

The UAE’s e-commerce industry is experiencing record growth and is set to expand from its current value of $2.5 billion (AED9.2 billion) to $10 billion by 2018, according to a recent survey by MasterCard. As the fastest-growing industry in the UAE, this explosion in growth can be attributed to the nation’s large number of Internet […]

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Top 4 M&A trends for 2016

It was a record-breaking year for mergers and acquisitions (M&A) in 2015, with volumes reaching an all-time high and acquirers getting record returns. Completed M&A deals reached an unprecedented 1,041 last year. Here’s what Willis Towers Watson predicts will the four key M&A trends in 2016: 1. Economic instability characterised by events such as further rate […]

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HILVERSUM, NETHERLANDS - FEBRUARY 06, 2014: Social media are trending and both business as consumer are using it for information sharing and networking.

Middle East mobile shipments grow 4.4 percent in Q3 2015

  People in the Middle East bought 29.75 million mobile phones in Q3 2015, a 4.4 percent increase over the previous quarter. According to global market intelligence firm IDC, the UAE, Turkey and Saudi Arabia were primarily responsible for this growth, accounting for 30 percent of the region’s mobile shipments, with respective quarter-on-quarter increases of 11.2 […]

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Fed move, a test for global stocks

  The extraordinarily low interest rates of the last seven years have stoked a bull market in stocks, fueled a global boom in commodities, prompted a wave of corporate mergers and led companies to borrow trillions of dollars in the markets. Now, the moment Wall Street has long dreaded has finally occurred. The Federal Reserve […]

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2015 Dubai realty in numbers

CBRE has released its Dubai Annual market Update Report looking back at the real estate sector’s performance in 2015. Here are some numbers from that report that sum up the key findings 33 percent – the year-on-year drop in the number of residential unit transactions in 2015. 10 percent – the expected drop in prices in Dubai residential real […]

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Are GCC boards managing risk effectively?

  Forty percent of GCC board members would like to see more audit and risk management at the board level, the GCC Board Directors Institute (BDI)’s recent survey on board effectiveness has revealed. While companies have been paying more attention to risk management following the latest financial crisis, “not enough board directors in the Gulf […]

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7 tech trends to watch in 2016

More than once you’ve probably looked at some new digital or technological development and asked yourself, “How did we miss that?” Here are some tech trends to note for 2016. — Algorithmic personality detection. Did you know that some life insurance underwriters are attempting to assess your personality — via your magazine and website subscriptions, […]

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