Tag Archives: GCC

GCC Diversifies into Non-oil Sectors to Achieve Macroeconomic Stability amid Oil Price Fluctuations

GCC countries to use more renewable energy resources to preserve the oil wealth, finds Frost & Sullivan’s Visionary Innovation team read more

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UK’S FIRNAS AIRWAYS LAUNCHES INNOVATIVE EQUITY CROWD-FUNDING SCHEME TARGETING GCC INVESTORS

Start-up airline bids to raise up to US$1.29 million in capital via Dubai-based Eureeca.com as it eyes 2018 launch read more

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GCC Businesses are still not prepared for VAT Implementation finds new survey

With less than six months until the GCC implements value added tax (VAT), a new survey from ACCA (the Association of Chartered Certified Accountants) and Thomson Reuters has found that there is a significant lack of preparation and awareness among businesses in the region of how it will affect them. read more

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

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

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

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LED Lighting Industry: Middle East to Become One of the Fastest Growing Markets

City-wide lighting overhauls expected with huge growth opportunities for companies, finds Frost & Sullivan’s Energy & Environment team read more

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The Future of Retail in GCC – RECon Forum Jeddah

RECon Forum Jeddah

Retail business in the GCC region is rapidly growing accompanied with swift changes in regulations and competition. This year, the Middle East Council of Shopping Centres (MECSC) and the International Council of Shopping Centers (ICSC) and the Jeddah Chamber of Commerce will be holding the RECon Forum Jeddah –  first to be hosted by MECSC – from 7th to 8th May.  The forum is held under the theme “Retail of the Future – Saudi Vision 2013”; the event is under the patronage of HRH Prince Mishaal bin Majed Al Saud, The Governor of Jeddah and in association with Jeddah Chamber, Jeddah Tourism Development Council and Saudi Commission for Tourism & National Heritage. read more

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Middle East Facility Management Market to Witness Radical Changes

Service delivery quality and Robustness of portfolio to be defining forces that will influence emergence of growth opportunities finds Frost & Sullivan’s Building Technologies Team read more

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The GCC cyber security market is booming

Nowadays, cyber-security is not just a technology issue, it’s a real business issue which should engage all business functions. read more

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Auger Torque, UK-based global engineering equipment manufacturer, sets up operations in UAE, GCC, following business partnership with United Motors Heavy Equipment

Newly formed company Auger Torque Middle East is set to bring in innovative technologies to the construction and infrastructure segment in the UAE and the wider GCC region. The launch will take place in Abu Dhabi on 25th April 2017, with support of the Department of International Trade (part of the British Embassy UAE). read more

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