Monday 29 December 2014
 
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EY

Dubai hotel occupancy edges down in October

Hotels across Dubai recorded a small drop in average occupancy by 0.3 per cent in October compared to the same time last year, due to the additional supply of hotel rooms, a report said. Dubai also witnessed a slight decrease in t

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UAE insurers face challenges with new regulations

Solvency requirements, realignment of investment portfolios, need for independent actuarial reviews and increased regulatory compliance are among the potential challenges UAE insurers face with new regulatory changes, said experts.

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Banks top insurers for trust in UAE, Saudi

In Saudi Arabia and the UAE, the level of consumer trust in insurers is just 52 per cent, compared to 73 per cent for supermarkets, 71 per cent for banks, and 67 per cent for pharmaceutical companies, a report said. In terms of tr

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Islamic banking assets to top $778bn in 2014

Islamic banking assets with commercial banks in international markets are set to exceed $778 billion this year, a report said, adding that the global profit pool of Islamic banks is set to triple by 2019. Global Islamic banking as

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Dubai hotels see 9pc drop in August daily rates

Dubai’s overall hospitality market recorded an average daily rate (ADR) of $195 in August as against $213 in the same month of 2013, marking a drop of 9.23 per cent, a report said. Average occupancy jumped month-on-month fro

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Four key areas to target for long-term GCC growth

Nationalisation, diversification, global positioning and stability are key areas for governments and businesses in the region to consider for the future of GCC growth, said a report. The four biggest drivers of policy, common acro

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GCC takaful contribution to hit $8.9 billion this year

GCC's gross takaful contribution is estimated to reach around $8.9 billion in 2014 from an estimated $7.9 billion last year, according to a new report. Global Takaful Insights 2014, the latest report from EY, a multinational p

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Non-oil sector to drive UAE, Qatar GDP

While global rapid-growth markets (RGMs) will grow by over 4.5 per cent in 2015, in the UAE and Qatar, growth in the non-oil sector will be a significant driver of GDP, a report said. “With global oil production already high

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Mena IPOs raise $2.4bn in H1, up 14pc

The Mena IPO market recorded a total of 16 deals raising $2.4 billion in the first six months of the year, up 14 per cent for both volume and proceeds on the same period last year, said a report.

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Private sector to 'boost opportunities for power deals'

The increasing role of the private sector in both power generation and water could boost opportunities for large-scale transactions in Mena in the future, according to an EY report.   The leading professional ser

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