UAE. Results from the recently concluded Consumer Confidence Index survey conducted jointly by Bayt.com, the Middle East’s number one job site, and research and consulting organisation YouGov shows that residents in the UAE hold an optimistic view of their personal financial future, as well as of the country’s economy.
However, a majority of surveyed employees feel that the current remuneration is not in line with the cost of living, with only 17% believing that now is a good time to buy consumer durables.
According to the Bayt.com quarterly MENA Consumer Confidence Index survey, expec
UAE. Bain & Company Diamond Industry Report predicts a potential market rebound in 1-2 years, but not before current turmoil forces the mid-market to reevaluate their business models; "The GCC jewelry retail market has performed better than other luxury goods categories in 2015, due to a lower sensitivity to non-GCC tourists."
INTERNATIONAL. New report forecasts that "by 2020, 10% of enterprises will have included canceling their on-premises ERP vendor maintenance agreements in their postmodern ERP strategy, lowering annual support costs by up to 50%".
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset
position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
UAE. Mr. Thomas will be based in New York where he will be responsible for all commercial activity for Etihad Airways, as well as further growing the airline's relationships with trade and corporate partners.
UAE. The fourth quarter of 2015 was marked by new attack channels used by cybercriminals to disable resources. It also saw the longest botnet-based DDoS attack in 2015, which lasted more than two weeks.
UAE. ATM 2016 roadshow highlights trending mid-market tourism; expanding low cost airlines will spur growth; Dubai offers tax break for mid-scale investment; less than 30% of Dubai hotel stock is three-star and below.
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."