Monday 8 February 2016
 
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value

GCC project contract values set to plunge 15pc in 2016

The value of contracts awarded in the GCC is set to drop sharply by 15 per cent in 2016 as low oil prices hit government spending plans, according to the latest forecast by Meed Projects, the region’s leading project tracking service.

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SMEs playing ‘vital role in global value chains’

As global value chains have become a dominant feature of today’s global economy, there is growing evidence that the nature of trade is changing, according to World Trade Organisation (WTO) deputy director-general Yonov Frederick Agah. Sp

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US airlines receive benefits worth $71bn: study

US airlines have received benefits valued at $71.48 billion, more than $70 billion of which has been since 2000, enabling the nation's three largest carriers to transition from the verge of bankruptcy to today’s industry leaders, each

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Redington Value signs 3 new partnerships at Gisec

Redington Value, the value-added distribution division of Redington Gulf, a leading IT distributor in the Middle East and Africa, has signed three new partnerships at this year’s edition of the Gulf Information Security Expo and Conference

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Jeddah real estate value is expected to increase: survey

The majority of Saudi Arabians believe that real estate rates in Jeddah will not only hold value, but keep going up at least for the next two years, according to a recent survey. The survey conducted by YouGov and commissioned by

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Investment opportunities in Islamic markets reviewed

The $2.1 trillion halal lifestyle market value and the $1.65 trillion assets under management are key drivers for Organisation of Islamic Co-operation (OIC) economic development, it has emerged. Participants at the Global Islamic

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Nestlé launches ‘Creating Shared Value Prize’ nominations

Nestlé has launched the nominations for the 2016 Nestlé Creating Shared Value Prize, which will award the winners up to 500,000 Swiss fracs ($525,000). The investment could make a significant difference in helping to

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Saudi awards $33bn project contracts in H1

The value of contracts awarded in Saudi Arabia during the first half of this year hit SR124.6 billion ($33.2 billion), up 21 per cent over SR102.7 billion during the same period in 2013, according to a report. The kingdom recorded

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Dubai phones, PCs shares 17pc of trade value in H1

Dubai’s phones and personal computers (PC) market share was 17 per cent of the total trade value of the emirate’s foreign trade in the first half of the year. According to figures released by Dubai Customs, it showed t

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Foreign investors buy $309m worth shares on DFM

Foreign investors purchased shares worth Dh1.14 billion ($309.5 million) on the Dubai Financial Market (DFM) from August 17 to 21, while the value of stocks they sold was Dh1.08 billion, said a report. The net foreign investment d

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