Increasing high-speed connectivity, cheaper Pay TV, high-definition (HD) TV, and the growing adoption of Over-The-Top (OTT) videos will redefine the business environment for the MENA media industry in the next five years. This is the finding by Frost & Sullivan, a growth partnership company, which is the knowledge partner for CABSAT 2016, a leading conference and exhibition for broadcast and digital media industry in the MENA that will be held from March 8-10 at the Dubai World Trade Centre. Frost & Sullivan will release a ‘state of the industry’ report on March 8. This in-depth industry insight will share key findings of the industry trends in media content marketplace, changing business models, viewership habits, technology trends, drivers and challenges, factors driving technology investment, and a technology investment index of countries in the region.
Given the fact that the passenger car and commercial vehicle sales in the UAE grew at a CAGR of more than 10 per cent during 2010-2014 with the rate of growth expected to spill over into 2016, it is but obvious that this will benefit both, the tyre and the replacement tyre market across the United Arab Emirates. Major cities in the UAE such as Dubai, Abu Dhabi and Sharjah are among the leading demand generators for tyres, and are anticipated to continue as the primary contributors to the growth of the region’s tyre market over the forthcoming years.
Dubai, U.A.E. – 2nd March, 2015 – The 2025 strategic economic plan aimed at doubling the economy from the current USD 415 billion in the next decade necessitates investments to the tune of USD 1.5 Trillion. The country thus epitomizes an untapped and fully resplendent goldmine that is fast attracting the attention of global opportunity miners. The Iranian Government’s ambitious efforts to make the country globally competitive are directed towards creating a favourable business climate for companies to enter and invest in developing its core focus sectors.
Partnership with Portugal-based steel manufacturer decreases material lead time by 50%
iCertainty and Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in solutions and services that provide real-time visibility into organizations’ assets, people and transactions, today announced a new mobile food safety solution that can be licensed by hospitality establishments worldwide. Leveraging Walt Disney Parks and Resorts’ safety technology and best practices, the innovative Disney CHEFS®, powered by iCertainty, food safety solution is ideal for large worldwide restaurant chains seeking to improve food safety, deliver a better customer experience and eliminate paper-based processes.
The Kingdom’s largest gathering of downstream professionals returns in March and will be held under the Patronage of the Custodian of the Two Holy Mosques, King Salman bin Abulaziz Al Saud. The Saudi Downstream Forum 2016 will take place between 8-10 March 2016 at Al-Fanateer Cultural Center, Jubail Industrial City, Kingdom of Saudi Arabia.
With the economies of the Middle East and North Africa (MENA) impacted by the unrelenting low oil prices and persisting regional instability, their insurance markets are likely to face repercussions. Such, in fact, is the severity of the decline in the market price of crude that the price per barrel in January 2016 stood at approximately a quarter of its market value two years ago, and at the lowest point since 2003. Moreover, despite the substantial fall in the price of oil, there are further potential headwinds that can place greater pressure on the sector, including reduced levels of demand from emerging economies such as China, increased shale oil extraction mainly from the United States, and the prospect of Iran re-entering the market as a major supplier following the removal of certain oil-related sanctions.
As compared to the performance of the insurance market in the United Arab Emirates (UAE) in 2014, the results of 2015 have been disappointing. According to preliminary disclosures of national insurers listed on the Abu Dhabi Securities Exchange and Dubai Financial Market (DFM), there has been a marked deterioration in operating performance, resulting in losses. Despite that, however, the UAE remains an attractive market, with a growth in premium revenue of 7.4 per cent during 2015. The market is also highly competitive with national, regional and international insurers in the fray.
UAE Market Report January 2016
With Zebra’s New Solutions, Retailers Align In-store Environments with Online Experience
With the expected population and tourism growth, the retail market in the region has skyrocketed, with Dubai opening its arms as one of the top retail hubs in the world. The country’s leapfrogging into the top tier of the global rankings of the prime retail destinations is just reward for all the effort put in by the mall developers.
The end of 2015 and first quarter of 2016 has witnessed a significant drop in the prices of real estate business in Dubai and this can be largely attributed to the increased establishments that are being setup. Most notable real estate experiencing a major drop are the apartments and villas with their numbers in the establishment phase increasing and projected to be taken up by investors due to the increase in demand.
On a monthly basis, cement and clinker FOB and CFR prices continue to drop, according to the CW Research’s February update to Persian Gulf – Arabian Sea and East Africa Cement and Clinker price assessment.
African stakeholders to witness the top and latest trends in theme parks and family entertainment centres
What do you know about the peculiarities of business culture of the United Arab Emirates? The UAE is a specific and interesting country, which attracts people with its climate and resorts. Moreover, this country is fabulously rich and attracts businessmen from every corner of the world.
Starting a business in the UAE has been largely a favorable aspect with individuals local and foreign alike. This has been mainly fueled by the fact that the scheduled guidelines for operating the businesses have been set at a vantage point which builds investment opportunities. There are 5 modes through which individuals can start a business anywhere in Dubai;
Wadi.com, the fastest growing e-commerce platform of the Middle East, has raised USD 67m (EUR 60m) with Al Tayyar Group as the lead investor ten months after its launch.