Friday 12 February 2016
 
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GCC

GCC tourist numbers to Saudi Arabia up 25pc

Saudi Arabia remains a popular destination for GCC tourists, with around 7.4 million visitors entering the kingdom in the first six months of 2015, an increase of 25 per cent compared to the same period in 2014, according to official data.

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Diamond jewellery ‘claims 30pc of GCC luxury market’

Hard luxury represents as much as 30 per cent of the GCC luxury goods market, an industry expert said, adding that the EUR2.3 billion ($2.56 billion) market performed better than other luxury goods categories in 2015. Cyrille Fabr

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GCC nationals may face housing clamp in Bahrain

GCC nationals may be banned from owning residential property in Bahrain due to limited spaces available for Bahrainis. A group of MPs, led by Shaikh Majid Al Majed, is working on new legislation that would stop GCC nationals from getting their

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$900bn investment to boost GCC insurance sector

A surge in insurance activity with a growth in gross premiums is expected to unfold across the GCC over the next five to 10 years, said Central Bank of Bahrain (CBB) executive director of financial institutions supervision Abdul Rahman Al Bake

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Knight Frank boosts GCC valuation advisory team

Knight Frank, a leading property agency and consultancy, said it has hired Alexandros Arvalis, a senior professional to strengthen the service line and expand the company’s reach in the Gulf region. Arvalis joins Knight Fran

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GCC is urged to be on Zika virus alert

Countries in the Gulf are being urged to take precautionary measures to prevent the spread of the Zika virus, which is believed to be specifically dangerous to infants. The alert has been issued by the World Health Organisation (WHO), despite

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GCC expatriates sent $98bn home in 2014

Expatriates working in Gulf Cooperation Council (GCC) countries sent $98 billion in outward remittances in 2014, according to a World Bank report. GCC countries have seen a significant increase in migration inflows in the

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Complex medical procedures on the rise in GCC

Experts at a leading healthcare provider in Asia Apollo Hospitals stated that there has been an increase in robotic surgeries and several GCC patients are opting for these surgeries to be carried out in India.  

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VisitBritain launches ‘Great Britain Great Moments’ drive

VisitBritain, UK's national tourism agency, is teaming up with social media celebrities from the GCC to attract more international visitors to Britain as part of its biggest campaign for the year ‘Great Britain Great Moments’.

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One IPO in GCC in Q4 marks end to volatile year

The final quarter (Q4) of 2015 echoed the sluggish IPO (Initial Public Offering) performance in Q3 proving that 2015 was a volatile year for IPOs in the GCC, said experts, highlighting that Saudi Arabia witnessed the only IPO during Q4.

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