UAE Business Magazine

AM Best Revises Outlook to Stable for GCC Market

February 27, 2019 UAE Business 0

LONDON — AM Best has revised its outlook on the insurance markets of the Gulf Cooperation Council (GCC) to stable from negative. Key factors supporting the outlook include the settling down of geo-political risks, limited disruption caused by the implementation of value-added tax, advances in risk management and improved regulatory sophistication across the region, continually strong capital buffers and extensive reinsurance support. Read more

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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