Business News and Insights into business affairs in the Middle East
In business, sometimes you need to raise cash fast.Perhaps you have just received a big order from an important client but you don’t have enough money to fulfill it. You can’t afford to disappoint the client. Or payday is around the corner and your business doesn’t have enough money to pay its employees. You can’t afford to delay their wages.Regardless of the situation, you have no time for self-pity. You have to raise the working capital you need to keep
If your company is considering adopting a DevOps Model, there are many advantages to multiple departments of your company. This model focuses on culminating the various market cultures, philosophies, tools, and practices that would elevate an organization’s efficiency to deliver quality services or products that satisfy every customer criterion.When you do a DevOps Market Analysis, it allows great insight into what companies to invest in and how to maximize the benefits of the DevOps market. The market targets improving the
Over the years the Arab states of the Persian Gulf have proven to be countries filled with opportunities. With thriving economies from their oil and gas production, Bahrain, Oman, and Kuwait have all become countries that provide significant opportunities for employees, whether they are locals or ex-pats.But how do these countries compare when it comes to employee rights?The following will highlight employment rights and benefits to provide an overview of what employees and employers should expect when working or employing
In the extremely competitive market today businesses are struggling to find new and innovative ways to attract new customers. From conventional outdoor advertisements to ultra-modern social media marketing, businesses leave no stone unturned when it comes to promotion and progress. However, despite the new and complicated marketing strategies being increasingly used today, research studies have shown that the conventional cold calling services technique is still the most effective and efficient in attracting new customers.Leading cold calling services providers, such as
The Indian economy has seen tremendous growth in the industrial sector in the past few years. The country has been attracting large amounts of foreign direct investments, or FDIs as they are popularly known, in the last two decades. Not only this, but there has also been a huge jump in the investments coming in from the Non-Resident Indians (NRI) to the Indian markets. All of this is possible because of the conducive environment and sufficient stability and flexibility that
By Glyn Yates The upheavals caused by the Coronavirus crisis show us what the future of work could look like and how important digitalization is. This also applies to the HR department. Over the past few weeks, many HR departments have experienced what it is like to do their tasks completely remotely. This quickly shows where the opportunities of digitalization for HR are, as well as where the limits are. Here are some learnings and tips we can take away. Digital Transformation
The internet puts at your disposal various marketing tools. Thanks to the internet, it has never been easier to promote a business and a product. However, not every promotional strategy will work for your business. Certainly, the most effective way to keep in touch with your clients are social media platforms. Having an active profile on social media platforms is a must in the nowadays business world. They should be part of every marketing strategy that your company uses.For example,
It’s getting harder to stay afloat in the sea of business companies. The competition is stronger than ever in the marketplace. Every new business company tries to fulfill the customer’s needs and give extra features and benefits. The product line is various and you can find everything that you need. On top of that, companies are trying their best to stand out from the competition and make their company become a recognizable brand.For example, online casino games are gaining popularity
Businesses can improve efficiency by automating tasks, encouraging communication, and downloading handy applications There is always room for improvement in business. To become more organized, increase productivity and grow your profitability, you must look for ways to create a more efficient work environment. By doing so, you can improve employee morale and job satisfaction, which could lead to lower staff turnover. Find out how to boost business efficiency.Automate TasksBusiness automation should be viewed as a necessity and not a luxury. To
Over the past few years the UAE has seen a boom in start-ups and online businesses. The influx of female entrepreneurs heading start-ups have systemically changed office culture, making it accessible for all genders, and giving a stronger voice to women in general.In fact, the UAE is considered one of the best markets for business women. Back in 2017 the UAE pledged $50 million to the Women Entrepreneurs Finance Initiative fund. In fact, the UAE managed to close the overall
Saudi Arabia’s energy-sector manufacturing – industrial activities that are principally related to the energy value-chain – are set for robust growth in the coming decade, not only adding to the Kingdom’s exports but also promoting job creation among highly-skilled Saudis and strengthening the Small and Medium Enterprises (SME) sector, reports the findings of the first-of-its-kind study on the Saudi industrial and energy manufacturing landscape by GE. Unveiled at the Future Investment Initiative, the white paper titled ‘Building Saudi Arabia’s Energy Manufacturing Ecosystem:
By Saifur Rahman Valletta, Malta: The Government of Malta is seeking greater ties with the Gulf countries and India, in order to accelerate its economic growth, highest among the European Union countries, a top official said. The country is also expected to make the best use of the World Expo 2020 in which it is preparing a three-pronged strategy to promote its culture, economy and heritage through government-to-government, business-to-business and business-to-consumer engagement, Mr Carmelo Abela, Maltese Minister for Foreign Affairs and Trade Promotion, told
Instead of walking in the fabulous city of Dubai and looking for a proper means of transportation to take you from point A to point B, alongside with your family and friends, you can ask for a luxury car for rent in Dubai. There are numerous advantages for renting a luxury car in Dubai and, among these, the possibility of choosing the car you want for long or short-term rental.Ask for pick and drop car rental services in DubaiWould you
|By Arabian Post Staff| Dubai Land Department (DLD) announced the launch of the Smart Audit initiative that allows the completion of real estate transactions on the same day. This comes as part of its tireless efforts to develop and formulate modern 10X initiatives that guarantee the smooth provision of services to its customers, ensuring their comfort. During the first week of the evening audit, more than 112 transactions were implemented, reflecting the success and popularity of this initiative. Through this highly
|By Arabian Post Staff|Home Owners Direct (HOD) has launched a new e-marketplace platform -HOD.co - that directly connects property owners with buyers, tenants and developers.Placing total control of property deals in the hands of the consumers, the platform will help deliver significant savings for users with zero commission to be paid on any property deal as it is directly made between the two parties. Democratising the property market with the power of digital technology, the platform also has a marketing
|By Arabian Post Staff| UAE's integrated steel maker Emirates Steel, nd a subsidiary of the General Holding Corporation (SENAAT), has signed a strategic agreement with Abu Dhabi Marine Services (SAFEEN), a subsidiary of Abu Dhabi Ports, which has been valued at AED 1 billion.The agreement, which will be implemented in January 2021 and will extend over the following ten years, is the result of Emirates Steel’s commitment to both providing high quality products, and optimizing its supply chain in accordance
Hosts offering lodgings in the Middle East, travelers and tourists can now connect with each other on a new online platform, Baitoka.com.The Middle East saw $224 billion spent on tourism and travel in 2017. It is expected to reach $234 billion by the end of 2018, and forecast to rise by 4.6% pa to $365 billion by 2028. Coupled with a vacation rental market, also known as the VR industry, flourishing at a rapid pace at $100 billion in 2016,
Azizi Developments, one of the leading private developers in the UAE, has announced a construction update for their upcoming AED 470 million project in Dubai Healthcare City, Azizi Aliyah Residences.Construction is progressing rapidly with concrete works fully completed. The developer has announced that finishing and façade works are currently underway, ensuring that the project meets the highest construction and building design standards.Commenting on the update, Mirwais Azizi, Chairman of Azizi Group, said: “Dubai Healthcare City offers a prime location because
The Ministry of Climate Change and Environment (MOCCAE) and the International Center for Agricultural Research in the Dry Areas (ICARDA) signed a Memorandum of Understanding (MoU) to strengthen research in forage production in the UAE.The MoU was signed by Sultan Alwan, Assistant Undersecretary of the Regions Sector at MOCCAE, and Dr Aziz Awlad Bilqasim, Regional Coordinator for ICARDA. Speaking on the partnership, Sultan Alwan said that the MoU is a step towards building the much-needed synergy between MOCCAE and ICARDA in
The first of its kind Ramadan offer allows ready businesses, start-ups and distressed companies to commence operations immediately and pay rents and related costs in 2019, when their financial position is better-off. The business incubator-like initiative benefit new investors to kick-start, grow, diversify and expand across the business. The initiative comes at a time when Dubai is making concerted efforts to bring in new businesses and investments in the Emirate, while, Dubai Economic Department issues 1,848 new business licenses in April
Etisalat Digital announced that it has signed strategic partnerships with four scale-ups as part of the ‘Dubai Future Accelerators Program,’ the world’s largest governbment supported accelerator.The 4th cohort of the ‘Dubai Future Accelerators’, launched in March this year with the participation of Etisalat Digital and other government bodies and in cooperation with the world’s most innovative companies, came to a close on xx May.The program pairs innovative scale-ups from across global markets with the Dubai government entities allowing them to
Minor International( MINT) announced that it has reached agreement to acquire 30,000,000 shares in NH Hotel Group in a transaction valued at EUR 192 million, which together with its existing shareholding will increase MINT’s stake in NH Hotel Group to 8.6% on a fully diluted basis.NH Hotel Group is the sixth largest hotel chain in Europe and this investment offers important strategic benefits to MINT which, with its deep hospitality and food & beverage experience, also brings strategic value to
SNC-Lavalin announced that it has been awarded an engineering, procurement and construction (EPC) contract by Central District Cooling Company, a subsidiary of Saudi Tabreed, for the expansion of its Jabal Omar Development Company (JODC) district cooling scheme in Makkah, Saudi Arabia. Under the contract, SNC-Lavalin is responsible for the design, procurement, construction and commissioning of an additional cooling capacity of 12,000 Refrigeration Tons (RT) with all associated equipment, energy transfer stations and chilled water network - achieving a total cooling capacity
|By Arabian Post Staff|Emaar Chairman Mohamed Alabbar said that the new digital marketplace Noon, founded by him, will be rollled out in Saudi Arabia before the end of this year. He was addressing a media briefing with Faraz Khalid, Chief Executive Officer of Noon, on the sidelines of the Future Investment Initiative in Riyadh.Headquartered in Riyadh, Noon is a joint venture with the Public Investment Fund and a group of prominent Gulf investors, with an initial
|By Arabian Post Staff|Saudi Arabia is holding one of its most important investment summits ever, named the Future Investment Initiative (FII), considered to be game-changing forum in Riyadh. The landmark event is being attended by more than 2,500 delegates and internationally-renowned business and investment leaders from over 60 countries.The three-day event will explore new trends, opportunities, challenges and emerging industries that will shape the world economy and investment environment over the coming decades.The first day of the conference will begin with
|By Arabian Post Staff| Saudi Arabia’s Public Investment Fund (PIF) has announced the establishment of the Saudi Real Estate Refinance Company (SRC) to improve the performance of the real estate market, increase its contribution to GDP, and raise the rate of homeownership among Saudis to 52% by the end of 2020. Demand for real estate financing in the Kingdom is expected to increase from SAR 280 billion in 2017 to SAR 500 billion in 2026. Launched in partnership with the Ministry
|By Arabian Post Staff| The combined value of the Expo 2020-related development projects has touched $33 billion (Dh121 billion) as the UAE begins the three-year countdown for the six-month-long mega global event that will kick-off on October 20, 2020, according to BNC Network, a project research and intelligence provider in the Middle East and North Africa (MENA) region. These projects include transport infrastructure, such as the expansion of the road networks, several highways, roundabouts, interchanges and Dubai Metro line to
|By Arabian Post Staff| Pay levels for management accountants are performing well against the backdrop of low global inflation.The latest annual salary survey from the Association of International Certified Professional Accountants reveals average earnings for qualified Chartered Global Management Accountant designation-holders in the United Arab Emirates are AED 402,000, rising by an average of 8 per cent in the next 12 months.Pay prospects for CGMA trainees are even brighter, with students en route to full CGMA status believing their
|By Arabian Post Staff| Dubai’s Al Ghurair Properties has announed a series of new devlopment projects worth AED 5 billion, which is expected to add new impetus to the Dubai property sector.The plan envisages the construction of 58 distinctive residential projects of new age homes with high quality infrastructure, the company said in a statement. The statement cited real estate agency, JLL MENA, findings that as a result of Dubai’s improving economy, the real estate sector is set for an
|By Arabian Post Staff|Consumer confidence in the UAE remained uncertain in 2016 resulting in the Dubai retail market experiencing further softening in Q1 2017, according to a latest report by Knight Frank.“Well-established malls with higher footfall continue to maintain healthy occupancy rates; however the delivery of additional retail supply is expected to put pressure on overall occupancy rates. UAE shopping malls are also expected to experience further competitive pressures from online rivals, as more consumers embrace e-shopping,” the report said.Knight
By Pete Schroeder | WASHINGTON WASHINGTON U.S. Treasury Secretary Steven Mnuchin told lawmakers Thursday that the Trump administration does not actually support separating investment and commercial banks.The administration has previously expressed support for some return of the Glass-Steagall Act, which established a firewall between investment and commercial banking. But Mnuchin was explicit before the Senate Banking Committee that that vision did
By Jamie McGeever | LONDON LONDON The turmoil in Washington surrounding Donald Trump's presidency is rattling world markets, and the burst of volatility could force investors into a strategic or tactical rethink of how much risk they are happy to face.Increasingly damaging revelations about the Trump administration's and election team's dealings with Russia triggered the biggest fall on Wall Street on
CHICAGO Wal-Mart Stores Inc reported higher-than-expected quarterly comparable sales on Thursday, helped by greater traffic at Wal-Mart and Sam's Club stores and a rise in online sales. Sales at U.S. stores open
MUMBAI Apple Inc has begun assembling its low-priced iPhone SE at its contract manufacturer's plant in the technology hub of Bengaluru in southern India, the company said in a statement. Cupertino, California-based Apple, is keen to boost its market share in one of the world's fastest growing mobile phone