Wednesday 26 July 2017
 
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GCC

Lulu Exchange acquires Al Falah

Lulu Exchange, a leading foreign exchange and remittance company, has entered into an agreement to acquire 100 per cent ownership of Al Falah Exchange Company in the UAE.   This is a first of its kind large scale acquisition i

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Oil sector could offset GCC non-oil growth: report

An anticipated non-oil sector growth of 2.6 per cent across the GCC in 2017 will be offset by a further three per cent contraction in the oil-producing sectors, said a report. The acceleration of global trade in the first half of

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Oil sector key market for drones in GCC

The market for drones in the GCC is expected to reach $1.5 billion by 2022, presenting a massive opportunity for regional telecom operators, according to Strategy&, formerly Booz & Company, and part of the PwC network. By

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Fairmont Quasar Istanbul unveils offer for GCC families

Fairmont Hotels & Resorts opened its doors to Fairmont Quasar Istanbul in January 2017 and after successful visitor numbers from the GCC, the hotel now plans to attract larger family groups.   The hotel has hosted over 7,5

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Non-oil sector ‘will claim 80pc of UAE, Saudi GDP’

Non-oil sectors will account for more than 80 per cent of GDP in the UAE and Saudi Arabia by 2025, said a new report, highlighting the steps taken by GCC governments to boost private-sector investments, construct new tourist attractions and expa

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IoT solutions market in GCC to hit $11bn by 2025

The Internet of Things (IoT) solutions market in the GCC region is poised for solid growth and is likely to be worth $11 billion over the next eight years, said an industry expert. The IoT has the potential to unlock up to 11 per

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IoT solutions market in GCC to hit $11bn by 2025

The Internet of Things (IoT) solutions market in the GCC region is poised for solid growth and is likely to be worth $11 billion over the next eight years, said an industry expert. The IoT has the potential to unlock up to 11 per

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IoT solutions market in GCC to hit $11bn by 2025

The Internet of Things (IoT) solutions market in the GCC region is poised for solid growth and is likely to be worth $11 billion over the next eight years, said an industry expert. The IoT has the potential to unlock up to 11 per

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GCC on track to add 1.5 mbpd refining capacity

GCC is leading the greenfield projects and refinery expansion drive in the Middle East with 1.5 million barrels per day (mbpd) of new refining capacity expected online by 2021, a report said. The new capacity will be dominated by

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How do GCC millennials shop online?

Eighty-three per cent of local GCC millennials have shopped online in the past six months, with 42 per cent shopping on local websites and 41 per cent on international sites, says a recent study from YouGov, a global market research firm.

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