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7.3pc GROWTH
Mideast IT spending to top $32bn in 2014
The Middle East region will be one of the world's fastest growing IT markets with spending on the products and services likely to top $32 billion in 2014 growing at an average 7.3 per cent year on year, according to a report.
1
SAUDI, UAE BILLIONAIRES SHINE
Mideast super-rich's wealth surges to $354bn
The Middle East’s billionaires – with a combined net worth of $354 billion – hold a higher percentage of total wealth than in any other region in the world with Saudi Arabia and the UAE topping the list, said a report.
2
STRATEGIC INVESTMENT
Saudi Alkhabeer buys key stake in UAE packaging firm
Jeddah-based Alkhabeer Capital, a leading investment & asset management firm, has acquired a majority stake in Dubai-based packaging products company Express Group.
3
ANALYSIS
Mena banks’ outlook 'in sharp contrast'
The outlook for banks in the Mena region is split between buoyant operating conditions for banks in the Gulf countries and the unsettled political environments that will weigh on banking operations in the rest of the region, a report said.
4
SPOTLIGHT
Family, politicans battle over Brand Mandela
From political posters to bottles of wine and kitchen aprons, the face and name of Nelson Mandela are a potent commercial and political brand in South Africa. Little wonder it's so sought after - and the source of occasional squabbles.
5
IMAGE OF THE DAY
Rocking Santana
Musician Carlos Santana is escorted as he arrives with fellow 2013 Kennedy Center honorees for a reception to mark their lifetime contributions to American culture at the White House in Washington on December 8.
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Saudi Alkhabeer buys key stake in UAE packaging firm
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Mideast IT spending to top $32bn in 2014
The Middle East region will be one of the world's fastest growing IT markets with spending on the products and services likely to top $32 billion in 2014 growing at an average 7.3 per cent year on year, according to a report.
More…
GCC union 'best option to confront threats'
A GCC union is the best and only option in the face of threats confronting Gulf states and its creation has now become all the more a matter of urgency and necessity, said Bahrain's Prime Minister at a major regional summit in Manama.
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Gulf traffic expo kicks off in Dubai
More than 200 of the world’s leading traffic and transport infrastructure suppliers will showcase their latest innovations, products and services at Gulf Traffic Exhibition and Conference that opened in Dubai today (December 9).
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Saudi hospital implements patient safety project
Saudi-based King Faisal Specialist Hospital & Research Centre said it has selected healthcare IT companies Health Matrix and Datix for its optimizing patient safety project.
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Sony wins $143m Al Jazeera project
Sony Professional Solutions MEA said it has signed a landmark $143 million project with Al Jazeera Media Network (AJMN) to build a hitech 3G broadcast infrastructure for the Doha-based group.
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NBAD partners with top business school
The National Bank of Abu Dhabi (NBAD) has teamed up with Insead, a leading international business school, to provide one of its staff members each year the opportunity to study for its global executive MBA course every year.
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300 brands on show at Saudi Foodex
More than 300 brands from 27 countries are on display at the inaugural Foodex Saudi exhibition that opened yesterday (December 8) in Jeddah.
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