Thursday 5 March 2015

One billion new unique mobile subscribers by 2020

An additional one billion people will become mobile subscribers over the next five years, according to a major new report published today (March 4) at the ongoing Mobile World Congress in Barcelona, Spain. The new report, ‘The Mobile Economy: 2015’ forecasts that the


Four Seasons Bahrain - a destination within

The newly opened Four Seasons Hotel Bahrain Bay, a destination in itself with world class facilities and outlets, hopes to bring a qualitative leap in the kingdom’s hospitality sector. The urban resort hotel, situated on a private island in the $2.5-billion Bahrain Bay developmen


Customer service ‘falling below expectations’

The most frustrating aspect of customer service is dealing with service representatives who are not adequately prepared to resolve the issue at hand, a report said. While 95 percent of consumers believe that there is a sufficient variety of channels for reaching out to customer s


Oil plunge slows deposit growth at Gulf banks

Low oil prices are slowing or reversing deposit growth at Gulf Arab banks, but not enough to cause the liquidity squeeze that bankers fear. Deposits from governments, quasi-government bodies and national oil companies provide around 10 to 35 per cent of banks' non-equity fund


Saudi king keeps close hand on oil in new strategic team

Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the king's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed. The most notable change was the pro


Mobile broadband key to bringing ‘education to all’

Mobile devices with broadband connectivity could prove the panacea in the global effort to bring educational opportunities to people everywhere, especially the world’s poorest, or most isolated communities, a report said. Worldwide, over 60 million primary-school age childr


Oil rich Gulf countries ‘receive relatively high FDI’

The oil rich countries in the Gulf - Saudi Arabia and Kuwait - are receiving relatively high foreign direct investment in the Middle East, according to a report. The report developed by Deloitte in conjunction with the Social Progress Imperative (SPI) also found that conflict and


Private sector job creation ‘critical for GCC growth’

Private sector job creation and maintaining an inclusive labour market are crucial to achieve long term fiscal sustainability in the GCC countries, a report said. Fiscal pressures on GCC economies are mounting with dropping oil prices accelerating the need to broaden and strength


Throwing light on GCC dispute rules

In the last three to four years, the construction industry in the GCC has shown positive signs of recovery. There is still some way to go before the numbers can be compared to the pre-recession era. Qatar, Bahrain and Saudi Arabia have seen an influx of a number of foreign contra


Push for better flight tracking a year after MH370

Australia, Indonesia and Malaysia are launching a trial to allow air traffic controllers to more closely track aircraft traversing remote oceans such as the one believed to be the final resting place of Malaysia Airlines Flight MH370. No trace has been found of the Boeing 777 air

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