Thursday 3 December 2020 \

 

Gulf countries

Mideast $1 trillion construction projects seen over in 2 decades

Source : SG / 21 Nov 2013

As many as 117 major construction projects, with an estimated total costs of more than $1 trillion are planned for completion over the next two decades across the Middle East, GCC, said EC Harris in its latest study titled “Middle East major construction programs – Mitigating the risk”. The GCC countries alone have projects planned for completion valued at more than $1 billion, it added.

However, the completion of these development plans come with a number of risks that could result in program failure for some, it warned.

 

Glitzy Dubai eyes profit in setting Islamic standards

Source : Reuters / 20 Nov 2013

From cosmetics to accommodation, travel to toothpaste, complying with religious principles is becoming big business in the Muslim world, and Dubai, better known for flamboyance and unrestrained consumerism than Islamic scholarship, sees an opportunity.

The emirate is mounting the world’s first systematic drive to profit from “halal” goods and services by setting global standards for them and providing certification where the standards are met.

 

World Economic Forum begins in Abu Dhabi

Source : IINA / 19 Nov 2013

The Arab world's acute unemployment problem will be high on the agenda at this week's World Economic Forum (WEF) meeting in Abu Dhabi, as experts grapple with the need for millions more jobs over the next decade.

Around 1,000 global thinkers are due to descend on the UAE capital for the WEF's 'Summit on the Global Agenda 2013' meeting, which starts today. Arab unemployment will be a key issue for discussion, said Martina Gmür, the WEF's senior director and head of the network of global agenda councils. "We see youth unemployment as a major issue, because that can have disruptive effects beyond just employment," Gmür told Al Arabiya News.

 

Saudi Arabia to be world’s 3rd largest exporter of petrochemicals by ’15

Source : SG / 18 Nov 2013

The Kingdom of Saudi Arabia is expected to become the world’s third largest exporter of petrochemical products with its market share poised to reach 10 percent by 2015. Saudi plastics and petrochemical exports grew from less than $500 million in 1985 to $22 billion in 2011.

Moreover, the outlook for domestic plastics and petrochemicals is highly favorable as the country shifts its focus beyond increasing oil production capacity towards expanding its natural gas, refining, and petrochemicals industries.

 

Kuwait to review $16 bln annual subsidies

Source : World Bulletin / 12 Nov 2013

Kuwait's government plans to form a special committee to review subsidies on goods and services which are costing the Gulf Arab state more than 4.5 billion dinars ($15.9 billion) a year, daily al-Qabas reported on Sunday, citing government sources.

Like other wealthy countries in the region, Kuwait does not tax earnings and provides a generous welfare system for its citizens. All residents, including foreigners, benefit from subsidised petrol, cheap electricity and water, while Kuwaiti nationals get extra support for housing and food.

 

Dubai is top destination for Saudis during Eid, say industry experts

Source : Saudi Gazette / 14 Oct 2013
 
Saudis who traveled abroad for the Eid al-Adha holidays were divided between Dubai, Turkey, Malaysia, Jordan and some European countries, a Saudi newspaper reported, quoting industry sources.
 
“Dubai has topped the most favorable spots for the Saudis. Reservations to the United Arab Emirates began very early this year. The political events in some favorite traditional Arab countries have encouraged Saudis to proceed to Dubai,” Dr. Nasser al-Tayyar, president of al-Tayyar Tourism and Travel Group, said to business daily, al- Iqtisadiah.

 

Passports of Arab, Muslim states among the 10 worst in the world

Source : Al Arabiya / 2 Oct 2013
 
The passports of seven Arab or Muslim states are among the 10 worst in the world in terms of free access to other countries, according to a recently published Henley & Partners Visa Restrictions Index.
 
Afghanistan, Iraq, Somalia, Pakistan, Palestine, Eriteria, Nepal, Sudan, Sri lanka and Lebanon, remain in the bottom 10 places of the ranking. This means that the citizens of these countries enjoy the least freedom of international travel, according to the index.

 

Reuters poll reveals gulf economies to grow in 2014 despite cheaper oil

Source : Reuters / 1 Oct 2013

 
Wealthy Gulf states are likely to see their oil and gas revenues drop next year but heavy government spending and increasingly energetic private sectors will keep economic growth robust, a Reuters poll showed.
 
Global oil prices are expected to fall moderately in 2014 as new supply comes on line from the United States, Iraq and other countries. Futures markets indicate lower prices next year.
 

YouTube allows Gulf users to get paid for their videos

By Paul Crompton / 17 Sep 2013

Online video-sharing giant YouTube has on Monday expanded its operations in the Gulf, allowing the Google-owned website’s users in Kuwait, Qatar, Bahrain, and Oman to get paid for their video content and for advertisers to display locally-relevant ads.

Maha Abouelenein, Google's Middle East and North Africa (MENA) Head of Communications, told Al Arabiya English that monetizing the website for the users creates a way for content creators to create a business on the site.

 

Gulf’s entry-level job market is recovering, say experts

By Paul Crompton / 31 Aug 2013

The Gulf’s job market for entry level professionals and graduates is showing signs of recovery, although there is a widening skills gap, according to recruitment firms and specialists based in the region.

“We’ve seen an increase over the last six months of graduate and entry-level positions, there just seems to be a bit more buoyancy in the market in general. Obviously, there are a lot more graduates now,” said Bobbi Hartshorne,

Head of Education Partnerships at Dubai-based Laimoon, a regional online recruiting site.

 
 

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