Thursday 2 October 2014
 
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Mideast ICT market to hit $20bn, outpacing global average

The Middle East region’s information and communication technology (ICT) market is set to jump from a projected $15 billion this year to $20 billion in 2020, outpacing the global average, according to market intelligence firm IDC.

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Global management withdraws resignations

Global Investment House said its executive management team, including Group chief executive Maha Al-Ghunaim, had withdrawn their resignations after resolving certain unspecified issues with the board. The Kuwait-based firm's m

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Mideast investors to spend $180bn in global real estate markets

Middle Eastern investors are set to spend $180 billion in global commercial real estate markets in the next 10 years, according to leading real estate consulting firm CBRE’s recent report. The ‘Middle East: In and Out&

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6 Mideast firms feature in BCG’s ‘global challengers’ list

Six companies from the Middle East were named ‘global challengers’ by The Boston Consulting Group (BCG), in recognition of their rapid growth, global expansion and emerging position as leaders in key markets. The organ

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280 exhibitors take part in Cityscape Global

The 13th edition of Cityscape Global, the Middle East’s largest international real estate event, opened today in Dubai, UAE, with more than 280 exhibitors from 28 different countries taking part. Sheikh Ahmed bin Saeed Al Ma

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Port operators join hands to combat global warming

DP World and Hutchison Port Holding (HPH) have joined hands to combat global warming in a ‘Waste Reduction Campaign,’ that seeks to will multiply the effect of their individual efforts to curb global greenhouse emissions.

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Bahrain ranks high in global competitiveness

Bahrain is ranked the 44th most competitive nation globally, according to the World Economic Forum's 2014-15 Global Competitiveness Report. Switzerland has topped the Global Competitiveness Index again this year, keeping its f

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GCC sukuk industry shows massive growth potential

The Sukuk industry in the Gulf Co-operation Council (GCC) region is set to be one of the fastest growing segments of the Islamic finance industry with huge growth potential, particularly in Dubai, UAE, said a report. The Dubai Cha

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Kuwait's Global in talks to sell Al Jazeera Steel stake

Kuwait-based Global Investment House is in talks to sell its 51 per cent in stake in Oman’s Al Jazeera Steel Products, said a report. The bank, which has restructured its $1.7 billion of debt twice in the past five years, he

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Emiratis top in Dubai’s real estate market investment

Emiratis accounted for Dh12.54 billion ($3.41 billion) or 66 per cent of the total Dh19 billion ($5.1 billion) pumped into Dubai’s real estate market by GCC nationals in the first half of 2014, sending a message across the world that the r

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