Sunday 21 December 2014

GCC braces for $350bn loss on oil plunge

Gulf countries could lose at least half their oil revenues or around $350 billion a year as crude prices plunge, according to senior analysts.   The GCC states, which pump about 17.5 million barrels per day, are bracing for tough times after oil prices have drop


Connected wearables shipment growing at 55pc

Shipments of smartwatches, smart glasses, fitness trackers, and people monitoring medical devices as well as other connected wearable devices are growing at a compound annual growth rate (CAGR) of 54.7 per cent, and are forecasted to reach 168 million units in 2019, a report said.


Obesity ‘can be deemed a disability at work’

Europe's top court ruled that obese people can be considered as disabled, but stopped short of saying that obesity was a condition that needed specific protection under European anti-discrimination laws. The landmark decision will be closely read by European employers and mea


Majority of Mena women see gender equality in jobs

While 51 per cent of women in the Mena region consider recruitment and selection opportunities are regardless of gender, 31 per cent believe that women are treated less favourably in terms of salary, a report said. Women in the Mena region mostly seek employment in order to be more fin


Oil slump won't derail $500bn Gulf infrastructure plan

Slumping oil prices will not halt a massive ramp-up in Gulf infrastructure spending, as rich nations deploy huge reserves to maintain a breakneck development pace and the rest turn to buoyant funding markets. However, states are being urged to consider the most effective funding


Global population living 6 years longer than in 1990

Global life expectancy has risen by more than six years since 1990 thanks to falling death rates from cancer and heart disease in rich countries and better survival in poor countries from diarrhoea, tuberculosis and malaria. In an analysis from the 2013 Global Burden of Disease (


Banks top insurers for trust in UAE, Saudi

In Saudi Arabia and the UAE, the level of consumer trust in insurers is just 52 per cent, compared to 73 per cent for supermarkets, 71 per cent for banks, and 67 per cent for pharmaceutical companies, a report said. In terms of trust in insurance companies, the UAE ranked 13th an


Saudi construction sector on track to hit 11pc growth

A rising population, plans to overcome the housing shortage, and efforts to develop the transport network and renewable energy infrastructure will set the Saudi Arabian construction industry on track to record a growth of 10.98 per cent CAGR (compound annual growth rate) until 2018, a report sa


Online ventures target global Muslim consumer market

From travel guides to shopping portals, new Internet ventures aim to capitalise on the growing "Muslim lifestyle" market, which is expanding beyond food to include areas such as tourism, fashion and credit cards. Excluding food, where ‘halal’ dietary restric


Financial profiles of banks to strengthen in 2015

The standalone creditworthiness of banks across the globe will continue to stabilise in 2015, a report said. At the same time, the number of negative banking system outlooks has risen, primarily reflecting the potential for a decline in systemic support, particularly in Europe, a

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