Search Results for: Middle East
Fintech in the Middle East and North Africa is booming
April 20th, 2017
Fintech startups in the Middle East and North Africa have raised $100-million over the last decade, yet 28% fail in their initial years, says a new report by business support organisation Wamda and online payment gateway Payfort. Released last ...
What set to be the driving force for the Middle East economy
April 13th, 2017
The aviation and tourism industry in the Middle East is set to be a driving force for the region’s economy, according to the 6th Arab Aviation Summit’s white paper report released today. The region is expected to deliver a ...
Amazon to acquire Middle East ecommerce leader Souq.com
March 28th, 2017
The global e-retailing giant Amazon has acquired Souq.com, the regional ecommerce leader, in one of the most anticipated corporate deals in the region so far this year. The value of the deal has not been formally announced. The acquisition ...
Middle East and North Africa region visitors rate to grow higher than the world average
March 27th, 2017
Visitors to the MENA region will total 195 million by 2030, growing at a rate higher than the world average, according to figures by the World Tourism Organisation (UNWTO). The rapid development of the sector will form part of ...
How the stock market in Middle East perform; The Saudi, Dubai, Qatar, Kuwait, Abu Dhabi markets
March 23rd, 2017
Saudi Arabia’s stock market outperformed the region in early trade on Thursday, recovering some of the previous session’s losses, while in Dubai builder Drake & Scull climbed after it agreed to sell a major asset. The Saudi stock index ...
Salaries in the Middle East to see slight increase in 2017
February 9th, 2017
The strongest salary growth of 3 per cent is expected in the procurement and supply chain sector Salaries in the Middle East are anticipated to increase by an average of 2 per cent this year, according to a new ...
Kuwait ranks among top ten Middle East cities to live in
December 5th, 2016
In a new survey by Bayt.com titled ‘Top Cities in the Middle East and North Africa’, Kuwait City ranked among in the Top 10 Cities to live in. In Kuwait City, 40 percent of the citizens were happy about ...
Middle East economies rise in doing business rankings; UAE and Bahrain among top 10 improvers
October 27th, 2016
A record 137 economies around the world have adopted key reforms that make it easier to start and operate small and medium-sized businesses, says Doing Business 2017: Equal Opportunity for All, the World Bank Group’s annual report on the ...
Middle East investment in global real estate reaches $10b
September 8th, 2016
Middle East outbound capital flows into global commercial real estate touched $10 billion in the first half of 2016, with international market destinations becoming more diverse, according to CBRE’s Middle East ‘In and Out’ 2016 report. Investors from the ...
Winners of Middle East Hotel Awards 2016
May 30th, 2016
12 Dubai Hotels win at Middle East Hotel Awards 2016 The awards ceremony, held on 24 May at the Palazzo Versace Dubai, witnessed a 63 per cent increase of submissions on the previous year’s edition, with the 6-month old ...
