China Merchants Zhangzhou Development Zone Co., Ltd referred as China Merchants Zhangzhou and The CEO Clubs Network Worldwide signed a Strategic Partnership agreement for “Double Happiness Island” which is the first artificial island project in China as profit-oriented usage of ocean approved by the State Council of China. China Merchants Zhangzhou, the owners of the island visited Dubai to meet and visit Palm Island the first in the world plus other key projects in Dubai. The China Merchants Zhangzhou Delegation also meet the His Highness Sheikh Juma Al Maktoum bin Juma Al Maktoum, the Patron of the CEO Clubs Network Worldwide.
China Merchants Zhangzhou and CEO Clubs Network signed MOU for Strategic Partnership on Double Happiness Island
Growing news across oil exporting countries have been unpleasant. This Monday, Russia and Saudi Arabia announced that they request a nine month OPEC output cut extension. Following that Kuwait and Oman has joined Russia and Saudi Arabia – the two largest producers among the 24 producers who earlier agreed to cut output in 2018 for an extension.
British Centres for Business (BCB) select PRO Partner Group as ‘best-in-class provider’ for British companies looking to set up in the UAE
Global gold price dropped over recent weeks with last week recording the highest weekly percentage fall following November last year. However, it is expected to gain good stands in coming weeks as political uncertainties wave away in the European Union as France remains in the EU following the victory of Emmanuel Frederic Marcon. The euro achieved a six-month high against the dollar following the victory of Emmanuel Marcon.
Investors in Dubai have a good interest investing in the UK. As the UK experiences depreciation following effecting Article 50, will Dubai investors look into investing in the UK as the GBP depreciates as a result of Brexit? Following the Brexit referendum last year, there has been a 16 per cent fall in the value of commercial real estate in the UK. Head of residential at JLL MENA mentioned that “In the Middle East, we find that Gulf-based investors and owner-occupiers have always had a tremendous affinity for the UK as a place to invest and to spend time. The capital largely flows into London from these potential investors, but there has been increasing interest in cities such as Birmingham and Manchester in the last couple of years.”
- Ongoing liquidity issues due to lower oil price led to increase in volume of claims submitted
- Average value of construction disputes decreased, indicating higher number of lower value claims
- Failure to properly administer the contract remains the most common cause of construction disputes
- Party to party negotiation still the preferred method for resolving disputes across the region
Ongoing liquidity issues within the Middle East construction market has seen an increase in the number of claims submitted however the industry is resolving them more swiftly, according to the latest research from Arcadis. On a less positive note, basic contract issues remain the root cause of many of the disputes that materialize across the region.
SAMENA Council’s Telecom Leaders’ Summit Sends Reminder of High Expectations from the Digital Communications Industry
With the official patronage of Telecommunication Regulatory Authority (TRA) of the UAE, the South Asia – Middle East – North Africa (SAMENA) region’s most prestigious annual ICT leadership event, SAMENA Telecommunications Council’s Leaders’ Summit, held in partnership with Huawei Middle East and sponsored by Nokia, Ericsson, du and Etisalat, reminded the industry to set new aspirations and counter challenges of making the digital world more inclusive and constructive for the human cause.
27-28 September 2017
Advanced Conferences & Meetings (ACM) is launching Smart Parking UAE conference in its third edition, on 27-28 September 2017 in Dubai.
Transition to more decentralized and intelligent energy systems are driving market opportunities, finds Frost & Sullivan’s Energy & Environment team
OTT Video Service Providers in the Middle East Harness the Power of Mobile Video Content to Redefine Television Viewership
Market has an opportunity to grow to 265 million viewers by 2020, according to Frost & Sullivan’s Digital Media team