INTERNATIONAL. In its latest monthly Global Focus, Standard Chartered predicts there will be no sharp upturn in the current US recession and it will have a global impact. The rest of world may be better insulated, but not decoupled, and as risk aversion mounts, countries with current account deficits will see their currencies under pressure.The big story that is set to continue to unfold over coming months, and indeed years, is how the balance of global economic and financial power is shifting, from West to East. But three issues currently stand out. First, how severe will be th
UAE. Broadcast rights deals push entire Premier League into world's 40 highest earning clubs;
Middle Eastern commercial partnerships contribute to significant commercial increases at both Manchester City and Paris Saint-Germain.
UAE. Joint study by Al-Sayedah Khadijah Bint Khawilid Center and Strategy& finds women have the opportunity to take on more active roles; Transition to third generation presents family businesses great opportunity to draw from the entire talent pool.
UAE. Second Global Talent Competitiveness Index ranks leading economies on their ability to attract and retain talent; UAE, Qatar and Saudi Arabia ranked in top 35 for ability to grow, attract and retain talent; Switzerland and Singapore top global rankings
UAE. HSBC survey highlights that almost half (46%) are either not currently saving for their retirement or do not intend to start; More than two in five (46%) say that their income is not keeping pace with the cost of living.
UAE. Millennial readers preferring print to digital, helping 2015 sales to be five times higher than eBook; A million drones predicted to be in use worldwide by end of 2015; For the first time ever, the smartphone upgrade market predicted to exceed one billion.
UAE. The deal entails early repayment of US$2.92 billion due this year and the extension of debt due in 2018 to 2022; The company also said it pledged additional collateral and increased pricing as part of the agreement, without giving further detail.
SAUDI ARABIA. Saudis follow local political news the most (56%) followed very closely by the Middle eastern news (55%) and a bit distantly from Health (46%) , Science/technology (45%) and Sports News (44%), according to the latest Ipsos News Pulse Survey.
INTERNATIONAL. The region is emerging from the uncertainty of the past half-decade, and the foundations of its future are taking shape. This process will not be neat or orderly, but changes are clearly taking place.
UAE. GCC shows high potential to become global meetings hub according to a study by management consultancy Strategy&; GCC countries have major competitive advantages as meetings tourism destinations; UAE has the most robust meetings tourism model among the GCC countries.