Saturday 23 May 2015
 
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GCC

GCC lenders join hands for Pacific Controls deal

Qatar-based Al Khalij Commercial Bank (al khaliji) said it has joined hands with National Bank of Fujairah (NBF) for a landmark structured finance deal for Pacific Controls, a pioneer of  IoT (Internet of Things) and a global player in the

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Efficiency, safety within GCC fleets ‘need to be addressed’

Efficiency and safety are the two key elements that need to be addressed on the highly-developed Gulf roads, according to MiX Telematics, a leading global provider of fleet and mobile asset management solutions. In the Middle East

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GCC construction sector leads surge in pay hike

Pay packages across the GCC have bulked up by seven per cent with the turn of the year across different sectors, with senior executives in the construction segment raking in as much as $1.2 million per annum as basic pay, an industry expert said

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GCC construction sector leads surge in pay hike

Pay packages across the GCC have bulked up by seven per cent with the turn of the year across different sectors, with senior executives in the construction segment raking in as much as $1.2 million per annum as basic pay, an industry expert said

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GCC tourists' spend in UK up 4pc; Saudi posts fastest growth

Tourists from GCC states spent a whopping £1.1 billion ($1.72 billion) in the UK during the first nine months of 2014 on the back of surging visitor numbers from Saudi Arabia, which has emerged as the fastest growing market in the region f

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GCC completed projects to grow by 7.7pc

The GCC completed projects in residential, commercial, retail, medical, and education sectors are set to grow by 7.7 per cent from 2014 to hit $72 billion this year, according to a recent report. In the build-up to World Expo 2020

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US keen on boosting ties with GCC states

US President Barack Obama has pledged new co-operation in many areas including counterterrorism, maritime security, cyber security and ballistic missile defence to GCC leaders. A written annex accompanying a joint statement from t

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Obama vows to 'stand by' Gulf allies amid Iran concerns

President Barack Obama vowed on Thursday to back Gulf allies against any ‘external attack,’ seeking to reassure them of Washington's iron-clad commitment to their security amid Arab anxiety over US-led efforts to reach a nuclear

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GCC hospitals to go ‘paperless' with digital transformation

Paperless hospitals in the GCC could become a reality as early as next year, an expert has said. Offering better quality and safety measures, reduced errors, increased efficiency, improved practices and long-term cost savings, a p

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GCC-wide energy drinks ban proposed

Energy drinks could be banned in Bahrain under a new GCC-wide proposal currently under discussion. The idea was put forward at a high-level meeting of health ministries, which constitute the GCC Food Safety Committee, at a summit

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