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UAE tyre market to keep booming

March 2, 2016 UAE Business 0

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. Read more

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USD 1.5 Trillion Investment Opportunities over the next Decade to Propel Iran as the ‘Go to Market’ in the Middle East– notes Frost & Sullivan

March 2, 2016 UAE Business 0
Domestic Companies look for Investment/Technology/Manufacturing Process Enhancement Partners as Key Drivers of Transformational Growth in the Region

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. Read more

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Zebra Technologies and iCertainty Help Improve Food Safety

March 1, 2016 UAE Business 0

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. Read more

Saudi Downstream Forum 2016 – Event Preview

March 1, 2016 UAE Business 0

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. Read more

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Tough times for Middle East and North Africa insurance markets

March 1, 2016 UAE Business 0

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. Read more

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National insurance takes a blow in the UAE

March 1, 2016 UAE Business 0

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. Read more

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Conception of informational technology usage in public administration

February 25, 2016 V G 0

The core of informational technology usage conception in public administration is all about Joint Information Center and public communication supervision and an interaction logging that is held by information management system. The system includes automated online rating of particular public servants and managers and whole state agency. All citizens’ unfilled requests escalate to the superior level of public administration until dispute would be settled. This conception enables marketing of public communication on the state level. Read more