Tag Archives: GCC
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.
Stable confidence levels in the region as the GCC adopts VAT, finds Global Economic Conditions Survey
Arabic.pdf Confidence in the Middle East is stable, even with the adoption of VAT in the GCC, according to the latest edition of the Global Economic Conditions Survey (GECS) released today.
Companies that pursue value-addition strategies will secure new business, finds Frost & Sullivan’s Metals & Minerals team
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.
GCC Ceramic Tiles Market Poised for Growth Through Urbanisation, Construction Boom, and Quality Tile Demand
Strong supply chains that cater to bespoke demands and provide reverse feedback and intelligence on trends are key to success, finds Frost & Sullivan’s Homes & Buildings team
ENGIE, the leading independent power and water developer/operator in the GCC countries, has been awarded ‘Power & Water Company of the Year 2017’ by MEED.
- 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.
Successfully launching Digital Forensics & Analysis Summit GCC supported by the Ministry of Interior
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.
- 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.
GCC countries to use more renewable energy resources to preserve the oil wealth, finds Frost & Sullivan’s Visionary Innovation team
Start-up airline bids to raise up to US$1.29 million in capital via Dubai-based Eureeca.com as it eyes 2018 launch
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.
Unified Communications Market in the Gulf Grows through Competitive Pricing, Customer-friendly Service, and Comprehensive Offerings
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.
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.