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. Phase Two will add 25,000m2 in gross leasable area (GLA); Multi-stage redevelopment, worth more than AED1 billion, includes a new 24 screen VOX Cinemas and further entertainment, dining and retail experiences.
UAE. Karim Daoud, MD of Pearson's Middle East Hub says the commendable performance of Saudi Arabia, the UAE and Qatar in the 2014 Index is in part due to the commitment seen in these countries to embedding meaningful education reform.
UAE. The results of a CRS allow informed decisions to be made on how to maximize the use of equipment and devise a modernization schedule to increase equipment uptime and improve material handling productivity.
UAE. With its oil wealth, population growth and strong demand for industrial and consumer goods, the MENA region is an attractive market. There are, however, potential pitfalls in doing business, particularly when it comes to appointing local agents to distribute products in the region.
UAE. Dar Al-Handasah will undertake design, engineering and supervision services for the project, for which a construction tender will be released in Q1 2015. The mall is due to be completed in Q2 2017.
SAUDI ARABIA. The Saudi Arabian index is the region's most diverse capital market due to its size and maturity; Jadwa Investment views the opening up of the Tadawul as an overall positive but believes a cautious and considered path to reform is the best way forward, much like the Chinese example.
INTERNATIONAL. "With business operations in both the UK and the GCC, BLME has made significant progress in the first half of the year"; The Group increased its Operating Profit before Impairment charges by 177%.
UAE. Dubai World, the state-owned company at the center of the emirate's 2009 financial crisis, reached a deal with its main creditors to extend the repayment of US$10.3 billion of debt, according to people with knowledge of the matter.