Saturday 25 October 2014
 
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GCC

GCC food imports to top $53bn by 2020

Food import bill of GCC region will rise to over $53 billion by 2020 as soaring population and up to 90 per cent reliance on imported products foster long term supply concerns, according to a study. GCC governments must focus on s

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GCC food imports to top $53bn by 2020

Food import bill of GCC region will rise to over $53 billion by 2020 as soaring population and up to 90 per cent reliance on imported products foster long term supply concerns, according to a study. GCC governments must focus on s

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GCC upbeat on hiring, but young talent ‘a concern’

GCC employers looking to hire hundreds of thousands of new recruits in the next 12 months are also projecting an average 9 per cent increase in salaries, but a new study says they face a major challenge with young talent. The firs

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New GCC joint energy projects planned

Bahrain could partner with other GCC countries to build power plants abroad, which will feed energy back into the power grid. A shared GCC power grid has been active for five years and until now has primarily been used to guarante

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GCC major player in $3.8 trillion petchem market

More than 10 per cent of the global petrochemical and chemical production worth over $3.8 trillion came from Gulf nations, said a top industry expert. "During 2012, the Gulf’s production capacity of petrochemicals and c

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GCC housing shortage to top 1m units by 2018

The young demographic structure of the GCC region is creating a surge in demand for housing that could lead to a shortage in excess of one million units by 2018, a report said. With the GCC region set to face a massive shortage of

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GCC investment on 'track’ to create opportunities

GCC economies are perusing investments in the right direction, addressing infrastructure needs and investing in sectors that will create more opportunities in the long run, said a report. Standard Chartered has published the lates

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Chivas launches ‘The Venture’ in GCC

Chivas Regal has launched ‘The Venture’ in the GCC, as part of a global search for the most promising social entrepreneurs - those with businesses or ideas that use enterprise and innovation as a force for good. &lsquo

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UAE, Saudi Arabia, Oman top Mice destinations in GCC

The UAE, Saudi Arabia and Oman have emerged as the top three meetings, incentives, conferences and exhibitions (Mice) destinations in the GCC. The number of international association meetings in the region has more than tripled over the

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GCC’s travel catering business to grow 5pc annually

The GCC travel catering market is expected to witness an annual growth rate of five per cent, a recent report said. This is due to the rapid increase in passenger volumes, expansion of GCC airline fleets and the high priority given to t

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