On Hospitality: Rotana CEO Omer Kaddouri

On Hospitality: Rotana CEO Omer Kaddouri

On Hospitality: Rotana CEO Omer Kaddouri As Abu Dhabi hotel group Rotana celebrates its 25th Anniversary, Omer Kaddouri explains why the last  have been the toughest yet When UAE hotel group Rotana opened its 1st property in Y 1993, a year after its founding, the Gulf hotel market was unrecognizable from the glittering towers and […]

The GCC is in Tech Transformation Mode

The GCC is in Tech Transformation Mode

The GCC is in Tech Transformation Mode From less traffic congestion on roads to connected healthcare systems, smart cities are moving to revolutionize the way the region functions The GCC region has been witnessing transformation on an unprecedented scale in the last few years, with economic challenges and technological progress having a combined effect on […]

Housing is The Top Consumer Spending Category in the UAE

Housing is The Top Consumer Spending Category in the UAE

Housing is The Top Consumer Spending Category in the UAE Among GCC countries, consumer spending per household in the UAE was highest during Y 2016 at $103,000 Consumer spending in the UAE is expected to exceed $261-B in Y 2021, compared to nearly $183-B in Y 2016, according to research released by the Dubai Chamber […]

UAE Debuts Smart System to Provide Visas in 10 mins

UAE Debuts Smart System to Provide Visas in 10 mins

UAE Debuts Smart System to Provide Visas in 10 mins The smart system will allow UAE citizens and residents to undertake all Visa-related activity The UAE’s Ministry of Interior launched a new smart services system that will allow nationals and residents apply for entry permits and residency Visas within 10 minutes. The new service, called […]

Qatar’s Response to Gulf Neighbors Demands “Very Negative”

Qatar’s Response to Gulf Neighbors Demands “Very Negative”

Qatar’s Response to Gulf Neighbors Demands “Very Negative” Egyptian Foreign Minister Sameh Shoukry said Wednesday that Qatar’s response to the demands of Egypt and Gulf countries was “very negative.” Shoukry’s comments came during a press conference after his meeting in Cairo with his counterparts of Saudi Arabia, the United Arab Emirates (UAE) and Bahrain to […]

The Future of e-Commerce in the UAE

The Future of e-Commerce in the UAE

The Future of e-Commerce in the UAE  Ulugbek Yuldashev outlines the changes on the horizon for the UAE’s online shopping market It’s no secret that e-Commerce is gaining immense popularity by the minute in the UAE and throughout the GCC, with the retail sector witnessing a steady shift from brick and mortar to online shopping. […]

GCC Rift Could Escalate into a ‘Military Standoff’ – Sultan Al Qassemi

GCC Rift Could Escalate into a ‘Military Standoff’ – Sultan Al Qassemi

GCC Rift Could Escalate into a ‘Military Standoff’ – Sultan Al Qassemi Saudi Arabia, the UAE and Bahrain have completely cut ties with Qatar UAE closes its airspace to planes from Doha, blocks Qatari websites The website of Qatar Airways has now been blocked in the UAE The rift between the GCC states has intensified […]

Dubai’s Ruler Launched New Cyber Security Strategy

Dubai’s Ruler Launched New Cyber Security Strategy

Dubai’s Ruler Launched New Cyber Security Strategy The strategy aims to make Dubai “the safest city in the world – digitally” A new cyber security strategy for Dubai has been launched by the UAE’s Vice President and Prime Minister Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum. The strategy was unveiled on Wednesday as Sheikh […]

Ferrari (NYSE:RACE) Launches the 812 Superfast Road Car

Ferrari (NYSE:RACE) Launches the 812 Superfast Road Car

Ferrari (NYSE:RACE) Launches the 812 Superfast Road Car $RACE The launch of Ferrari’s new 812 Superfast at Alfardan Sports Motors’ exclusive pavilion Monday marked a “super” start for the 5-day Qatar Motor Show (QMS) 2017. Alfardan Sports Motors, the official dealer of Ferrari in Qatar is committed to bringing Ferrari’s Italian heritage to the forefront […]

Residential Property Sales & Leasing in UAE to be Exempt from VAT

Residential Property Sales & Leasing in UAE to be Exempt from VAT

Residential Property Sales & Leasing in UAE to be Exempt from VAT $GLD, $SLV, $PLAT The 1st sale of new residential property in the country will be subject to the Zero rate of VAT. Investment Gold, Silver and Platinum will also be Zero-rated. Supplies of residential property including sales and leasing in the UAE will be […]

How GCC Family Philanthropy Creates a Lasting Impact

How GCC Family Philanthropy Creates a Lasting Impact

How GCC Family Philanthropy Creates a Lasting Impact Ramy Sfeir examines the ways family businesses can make a difference to their communities Family businesses in the Gulf Cooperation Council (GCC) are major forces in regional philanthropy, supporting a wide range of causes. And as they undergo important internal changes, with new generations taking control, these […]

Emaar Malls’ Souq.com Bid to Limit Amazon’s Regional Growth

Emaar Malls’ Souq.com Bid to Limit Amazon’s Regional Growth

Emaar Malls’ Souq.com Bid to Limit Amazon’s Regional Growth $AMZN Emaar Malls has submitted an $800-M bid to acquire Souq.com Emaar Malls’ “competitive” bid for UAE-based e-Commerce retailer Souq.com could help the traditional retailer prevent Amazon’s immediate entry into the regional market, according to an analyst. Dubai-listed Emaar Malls confirmed Monday that it had submitted an […]

Brexit: Theresa May Triggers Article 50 of the Lisbon Treaty Wednesday

Brexit: Theresa May Triggers Article 50 of the Lisbon Treaty Wednesday

Brexit: Theresa May Triggers Article 50 of the Lisbon Treaty Wednesday $GDPUSD UK PMTheresa May will trigger Article 50 of the Lisbon treaty Wednesday, 29 March, thus starting the 2-year Brexit negotiation process with the EU. The EU leaders will hold a Summit on 29 April to adopt Brexit guidelines. There are 3 possible situations […]

GCC States Push for UK Free Trade Deal After Brexit

GCC States Push for UK Free Trade Deal After Brexit

GCC States Push for UK Free Trade Deal After Brexit Trade between Britain and the GCC totals about $37.5-B annually Gulf Arab states are pressing for an early deal on free trade with Britain to secure preferential arrangements after Brexit, and could have a draft agreement ready within months, officials said Monday. Britain cannot formally […]

The Growing Regional Power of the United Arab Emirates  

The Growing Regional Power of the United Arab Emirates  

The Growing Regional Power of the United Arab Emirates In recent years, the United Arab Emirates (UAE) has positioned itself as a Key player in the processes shaping the region (GCC). After dealing with potential threats at home, the federation took a leading role in contending with some of the political, economic, and military challenges […]

Local Talent To Drive GCC’s Cyber Security Industry

Local Talent To Drive GCC’s Cyber Security Industry

Local Talent To Drive GCC’s Cyber Security Industry Cyber security companies are now looking to develop talent locally The Gulf Cooperation Council (GCC) has the potential to develop its own cyber security industry rather than rely on international talent, according to 2 leading executives. Speaking on the sidelines of an event in Abu Dhabi, the […]

Dubai Launchs UAE Food Bank

Dubai Launchs UAE Food Bank

Dubai Launchs UAE Food Bank The food bank will partner with food producers, volunteers and partners to store and distribute excess food for Zero waste Dubai is aiming to become the 1st city in the GCC to achieve Zero food waste with the launch of a new UAE Food Bank. The initiative was launched by […]

The Boardroom is Different in the Gulf Countries

The Boardroom is Different in the Gulf Countries

The Boardroom is Different in the Gulf Countries GCC boards do not necessarily stick to international corporate governance standards There are 2 ways to look at the gap between where most corporate boardrooms (boards) are in the Gulf today and where the current international best practices for corporate governance are considered to be. One implies […]

Iran is open for business, what does it mean for GCC companies?

Iran is open for business, what does it mean for GCC companies?

Iran is open for business, what does it mean for GCC companies? In January this year, senior diplomats from around the world formally announced the lifting of sanctions against Iran. In principle this put a definitive end to 37 years of various degrees of sanctions imposed on the country. Boardrooms of global Fortune 500 companies […]

UAE has ‘No Plans’ to Introduce Income Tax

UAE has ‘No Plans’ to Introduce Income Tax

UAE has ‘No Plans’ to Introduce Income Tax Projects in latest budget will not rely on new taxes or additional fees, finance ministry said The UAE has no plans to impose new taxes on individuals and the government is not studying the introduction of more fees for services, Younis al-Khouri, under-secretary at the finance ministry, […]

Dubai to Overtake London as Top Pick for Wealthy GCC Investors

Dubai to Overtake London as Top Pick for Wealthy GCC Investors

Dubai to Overtake London as Top Pick for Wealthy GCC Investors Softening prices in Dubai was cited as the top reason for its increase in attractiveness Dubai’s property market is set to overtake the international destinations of London, New York and Singapore as the Top choice for the GCC’s wealthiest investors next year, a report […]

GCC Countries Discussing Uniform Laws to Combat Terrorism

GCC Countries Discussing Uniform Laws to Combat Terrorism

GCC Countries Discussing Uniform Laws to Combat Terrorism The GCC countries are considering introducing a uniform law to combat terrorism in member states, according to reports. The law was discussed during a meeting between the justice ministers from the 6-member bloc in Riyadh, Saudi daily Arab News reported. Some of the other Key issues at […]

Gulf Millionaires to Invest in Dubai Real Estate Over London in 2017

Gulf Millionaires to Invest in Dubai Real Estate Over London in 2017

Gulf Millionaires to Invest in Dubai Real Estate Over London in 2017 Cluttons forecast places Paris and Doha alongside UK capital, Toronto the 3rd choice Dubai’s real estate market is set to overtake the international destinations of London, New York and Singapore as the top choice for GCC wealthiest investors next year, a new report reveals. […]

Kuwait Scraps Nuclear Power Plans

Kuwait Scraps Nuclear Power Plans

Kuwait Scraps Nuclear Power Plans Ministry says alternative sources are more cost effective   Kuwait’s Ministry of Electricity and Water has reportedly scrapped plans to build a nuclear power plant citing cost concerns. The country had planned to obtain a licence for the project from the United Nations. Kuwait Times reports that the ministry decided […]

VC Investors are Emerging from the GCC

VC Investors are Emerging from the GCC

VC Investors are Emerging from the GCC Arab Angel Fund founder Kyle Hendrick explores how Gulf investors can make the most of the United States’ tech start-up scene  In cafes and conference rooms across the world’s leading and emerging technology capitals, it is not uncommon to hear the same conversation-starter. Members of the investment community […]

Dubai Real Estate Investment + 7.5% in 1-H

Dubai Real Estate Investment + 7.5% in 1-H

Dubai Real Estate Investment + 7.5% in 1-H Emirati and Indian investors led the real estate investment market, according to DLD  Total real estate investment in Dubai increased 7.555 Y-Y to Dhs 57-B ($15.5-B) in 1-H of Y 2016, according to the emirate’s land department. Investment in the emirate’s property market totalled Dhs 53-B ($1.44-B) […]

$80 Fine for Saudi Motorists Caught Playing Pokemon Go

$80 Fine for Saudi Motorists Caught Playing Pokemon Go

$80 Fine for Saudi Motorists Caught Playing Pokemon Go $NTDOY “Playing Pokemon Go will distract the driver who may hurt himself, other motorists and pedestrians,” an official warned.  Saudi Motorists found playing mobile game Pokemon Go will be fined SAR 300 ($80), the country’s traffic department said. The Traffic Department director general for the Eastern […]

The Gulf’s Top 10 Entrepreneurs

The Gulf’s Top 10 Entrepreneurs

The Gulf’s Top 10 Entrepreneurs The GCC has long been a center of entrepreneurship and today’s entrepreneurs are as good as it gets From global initiatives to disruptive concepts, the passion and talent of the region’s pioneers and innovators is as strong as it has ever been. We look at 10 of the finest entrepreneurs […]

Cyber Attacks from Terrorists ‘just a matter of time’

Cyber Attacks from Terrorists ‘just a matter of time’

Cyber Attacks from Terrorists ‘just a matter of time’ In Q-1 of Y 2016 alone, there were 2.2-B cyber attacks globally Rapidly evolving threats from cyber criminals and terrorist groups including ransomware and cryptoware could result in major attacks on critical infrastructure and industrial systems in the Middle East, according to prominent technology security firm […]

80% of Professionals Will Leave GCC if Income Tax Introduced

80% of Professionals Will Leave GCC if Income Tax Introduced

80% of Professionals Will Leave GCC if Income Tax Introduced VAT in the UAE will bring higher inflation, society of finance professionals says An overwhelming majority of finance professionals would leave the Gulf Cooperation Council (GCC) if income tax was implemented, research has revealed. In a study by CFA Society Emirates, 80% of the respondents said that […]

Setting Up Business in Dubai Design District

Setting Up Business in Dubai Design District

Setting Up Business in Dubai Design District With world class facilities and smart initiatives, d3 is calling creative people across world Dubai is known for its unique sky scrapers, beautiful beaches and luxurious hotels. Now Dubai wants to become the design capital of the world. Dubai Design District, popularly known as d3, is calling designers […]

Dubai Headed to a Period of Accelerated Growth

Dubai Headed to a Period of Accelerated Growth

Dubai Headed to a Period of Accelerated Growth Dubai is weathering the Crude Oil-led economic slowdown afflicting its GCC neighbors and will enter a period of “rapid acceleration” in the buildup to the Expo 2020 trade fair, the International Monetary Fund says. Speaking to the media, the IMF’s mission chief for the UAE, Zeine Zeidane, […]

Four Seasons Hotel Abu Dhabi Opens

Four Seasons Hotel Abu Dhabi Opens

Four Seasons Hotel Abu Dhabi Opens The 200-Room hotel is located on Al Maryah Island The third Four Seasons in the United Arab Emirates (UAE), and 1st in Abu Dhabi, saw its 1st guests Thursday. Located on Al Maryah Island, the 200-room hotel adjoins the Abu Dhabi Global Market Square,  the UAE capital’s new international […]

Good Nutrition Can Help Beat Stress and Add Productivity

Good Nutrition Can Help Beat Stress and Add Productivity

Good Nutrition Can Help Beat Stress and Add Productivity Tim Garrett explains why he believes the food you eat could be Key to regulating stress levels in the workplace Stress accounts for billions of dollars worth of lost productivity for companies across the Gulf Cooperation Council (GCC) and the world. Here I explain why stress […]

GCC Investment In French Riviera Properties Up 30%

GCC Investment In French Riviera Properties Up 30%

GCC Investment In French Riviera Properties Up 30% Falling prices and steady fixed interest rates have encouraged regional investment Gulf Cooperation Council (GCC) investors in the French Riviera have increased 30% in the past year, encouraged by low prices and fixed interest rates, according to a luxury real estate investment firm. Michael Zingraf Real Estate […]

Major Seychelles Developer Eyes UAE Property Investors

Major Seychelles Developer Eyes UAE Property Investors

Major Seychelles Developer Eyes UAE Property Investors Just under 10% of Eden Island investors are from the GCC The island nation of Seychelles remains an attractive destination for property investors from the Gulf Cooperation Council (GCC), especially those from the United Arab Emirates (UAE), according to one of its biggest developers. Located 200 metres from […]