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GCC projects to hit $1.35 trillion by 2013-endThe GCC projects industry is expected to have another stellar year in 2013 as the value of contracts to be awarded is poised to reach $1.35 trillion by year-end, significantly higher than the $730 billion total last year, said an expert ahead of More… |
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Public-private partnership 'must for affordable housing'Regional governments must collaborate more with the private sector to help address the growing crisis of affordable housing, a new report said. Saudi Arabia has some of the GCC’s lowest &l More… |
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E&Y, AAOIFI ink Shari’a agreementErnst & Young has signed a working agreement with Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) to assist in Shari’a certification of core banking systems (CBS) used by Islamic banks. O More… |
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E&Y appoints new Mena healthcare leaderLeading professional service organisation, Ernst & Young, has announced the appointment of Andrea Longhi as the new Mena advisory healthcare leader. The appointment reflects the growth of the healthcare industry in the region, More… |
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Oil-gas tops M&A transactions listWith an average of over four transactions announced globally every day in 2012, the oil and gas sector has remained one of the most active sectors for mergers and acquisitions, said a report. Oil and gas transactions totalled a st More… |
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Bahrain hotels see rise in occupancy ratesBahrain hotels see rise in occupancy rates Manama Bahrain hotels reported an increase of 7 per cent in occupancy rates overall and by 4 per cent last November, said a report, adding that hotel room profitability has also go More… |
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500 experts for Bahrain insurance forumMore than 500 leading players, industry thought leaders and key regulators in the regional and international insurance industry are set to gather in Bahrain next month at for the ninth annual Middle East Insurance Forum (MEIF). ME More… |
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Dubai hotels occupancy up 5.6pc in OctThe overall occupancy rate in Dubai’s hotels increased to 86.6 per cent in October, which is 5.6 per cent higher than it was in October 2011, said an expert. “In addition, the rooms yield (RevPAR) increased by 12 per c More… |
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Islamic banks set to expand worldwideIslamic banks are set to expand as they compete increasingly with conventional lenders in attracting mainstream customers, according to a report by consultancy Ernst & Young released on Monday. More… |
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Sukuk issuance boost for Islamic financeThe success of sukuk issuances by financial institutions underlinine the tremendous potential of Islamic finance industry, which has shown healthy growth despite the global financial crisis and the lull after it, said an expert. & More… |
