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Dubai Quality Group Conclude the 2-day Ideas Arabia 13th International Conference & Competition 2018 by honouring 16 winners from UAE & GCC

May 15, 2018 UAE Business 0
  • 300 Leaders and experts came together to meet for the two-day conference to support the “spirit of innovation” to join hands in making UAE an innovation destination.
  • Go Global! Ideas Arabia honoured two winners of 2017, for competing globally in ‘The Global Award 2018 and won 2 categories GDRFA Dubai for Executive Leadership, and Ministry of Health and Prevention for Idea of the Year.

Under the patronage of H.H. Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive of Emirates Airline & Group, Dubai Quality Group Conclude the 2 day Ideas Arabia 13th International Conference & Competition 2018 on 13th & 14th May 2018 at Le Meridien Dubai. Read more

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More than USD106 billion worth of projects being developed in the GCC’s water industry

April 30, 2018 UAE Business 0

More than USD106 billion worth of projects in the GCC’s water industry are being developed, launched or tendered to suppliers in the region. The progress of these projects and latest trends within the industry will be analysed at the Future Drainage & Stormwater Networks Abu Dhabi and Wet Infrastructure Summit, taking place from 2 to 3 May 2018 at the Sofitel Corniche Hotel. Read more

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New MEFMA report forecasts FM industry revenues in the GCC to continue growing by 10 per cent annually

April 26, 2018 UAE Business 0
  • Region’s increasing number of construction projects seen to drive in more growth
  • Market consolidation prompts increase in Mergers & Acquisition activities

 A report from the Middle East Facilities Management Association (MEFMA) confidently forecasts that revenues for the GCC region’s FM industry will continue to grow at 10 per cent annually for the next two years. The bullish outlook complements the region’s thriving FM segment with local firms placing key focus towards further growing their core business lines. The statement, which is the result of a survey commissioned by MEFMA, attributes the expected growth to drivers like the increasing demand generated from the region’s portfolio of construction projects and an expanded scope of work coming from existing clients. Read more

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Best’s Market Segment Outlook: Gulf Cooperation Council Market Outlook is Negative

February 11, 2018 UAE Business 0

A.M. Best has a negative outlook on the insurance markets of the Gulf Cooperation Council (GCC). Insurers in the GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) have historically enjoyed significant capital buffers and benefited from extensive reinsurance support; however, continuing headwinds could lead to potential volatility in the operating performance and capitalisation of market participants. Read more

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Energy from Waste; The New Revolution In The GCC

December 13, 2017 UAE Business 0

The oil price drop in 2014 has led countries in the GCC to think of better and alternative ways to generate energy other than consistent reliance on the oil. Governments within the GCC are all turning to explore the option of producing energy from waste which is in line with the UAE’s goal 2021 to divert 75 percent of solid waste away from landfills. Read more

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GCC Hospitality and Leisure Sector has $200 BN Projects Underway

October 31, 2017 UAE Business 0
  • Over 2,000 hospitality and leisure projects in the GCC with a combined estimated value of USD 200 billion, according to The Big 5’s research partner BNC Network.
  • The expanding tourism sector and hosting of large events are key drivers behind increasing hospitality and leisure projects in the region.
  • The Big 5 (26 – 29 November 2017 at The Dubai World Trade Centre) will feature over 2500 exhibiting companies and is expected to attract over 78,000 visitors.

Over 2,000 hospitality and leisure projects are currently underway in the GCC with a combined estimated value of USD 200 billion, event organisers announce ahead of The Big 5 next month.  An estimated USD 64 billion worth of related projects in the construction pipeline, coupled with increasingly relaxed visa policies highlight a developing focus on strengthening the regional tourism ecosystem. Read more

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Successfully launching Digital Forensics & Analysis Summit GCC supported by the Ministry of Interior

October 17, 2017 UAE Business 0

Officially supported by the Ministry of Interior and under the patronage of Lieutenant General HH Sheikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Interior, present at the event, Advanced Conferences & Meetings (ACM) proudly launched Digital Forensics & Analysis Summit GCC on Monday at The Westin Abu Dhabi Golf Resort & Spa. Read more

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GCC CONSTRUCTION SECTOR WORTH USD 1.7 TRILLION PUSHES DEMAND FOR PRECAST SOLUTIONS

October 9, 2017 UAE Business 0
  • USD 1.7 trillion worth of projects currently underway in the GCC region are pushing demand for precast solutions, according to BNC Network report for The Big 5 Heavy 2018.
  • The Big 5 Innovation in Precast Summit (26 & 27 November 2017) will be a prelude to The Big 5 Heavy, and will unveil the latest techniques and technology for the precast market.
  • The Big 5 Heavy (26 – 28 March 2018) will showcase the latest products in precast processing as well as machinery for the transportation and instillation of all construction materials. 

The precast market in the GCC is expected to increase against the backdrop of a growing construction industry which is calling for more flexible, cost-effective and durable concrete solutions. According to The Big 5 Heavy 2018’s research partner BNC Project Intelligence, the GCC currently has the highest number of active construction projects in the MENA region, with a total estimated value of USD 1.7 trillion. Read more

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Unified Communications Market in the Gulf Grows through Competitive Pricing, Customer-friendly Service, and Comprehensive Offerings

July 12, 2017 UAE Business 0
Government, oil and gas and BFSI sectors dominate in the UC applications and services market, finds Frost & Sullivan’s Digital Transformation team

Growth in unified communications (UC) applications and services due to the global shift from time division multiplexing (TDM) to the Internet protocol-private branch exchange (IP-PBX) telephony model is reflecting in the Gulf Cooperation Council (GCC) market as well, though at a lower rate. Cloud adoption is presently low in the region when compared with other developed and developing nations, but industry participants remain optimistic as digital investments are a priority for GCC. However, customers will seek a wide range of UC offerings at attractive price points through a single provider. Read more

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A.M. Best Briefing: VAT Implementation Poses Significant Challenges for GCC Insurers

May 28, 2017 UAE Business 0

Uncertainty persists as to when precisely Value Added Tax (VAT) will be introduced in the member states of the Gulf Cooperation Council (GCC), and the process surrounding a roll-out. However, given the fiscal pressures in the region, the introduction of taxation seems inevitable and could cause short-term cash-flow issues for insurers. Read more