The intense pressure created by oil prices falling below $50 is challenging cash flows, to which companies are expected to respond with mergers and acquisitions and reshape the competitive landscape to their advantage, a report said.
The sports industry in the Middle East is experiencing the fastest growth globally, with revenues projected to grow at 10 per cent per year over the next three years, said an industry expert.
There is significant appetite in the r
Insurance profitability across top 30 conventional insurers in the GCC dropped over the last four years from 28 per cent in 2007 to 9 per cent in 2011, a report said.
Revamping operating models with profitability pillars prevents further d
Four GCC countries rank in the top 20 emerging markets for global retail expansion, confirming the strength of the retail sector in the region and continuing to be an attractive target for retailers, a report said.
While UAE clai
GCC banks urgently need to enhance their capabilities and level of customer service, after several years of relatively low investments, said a report.
Their challenge will be to do this in an environment where cost-to-income ratios remain
The demand for electricity in the GCC will grow at a rate of 7 per cent per year over the next 20 years, which can be met by improved interconnections and migration to renewable sources, said a report.
The GCC power requirements measure up
UAE, Kuwait and Saudi Arabia featured among the top five most attractive apparel retail hotspots, in addition to China and Russia, said a report.
China ranked as the most attractive emerging market for apparel retailers, driven by the coun
In spite of the recent challenging political and social events in the Middle East, GCC banks continue on the path of recovery, a report said.
But that growth will be more subdued than in the pre-crisis years, according to a report by glob
Affordable housing market in the Mena region is worth $125 million annually, according to a new report.
A T Kearney, one of the world’s leading management consulting firms, sees affordable housing as the new frontier for the Mena real esta
The latest financial results of the leading GCC banks reveal an overall positive trend, said a new study on banking by a leading management consulting firm .
The global economic crisis has provided GCC banks with the impetus to t