FinTech will radically improve the financial health of the people of the Gulf through access to next-generation banking services, says Simon Galpin, managing director of Bahrain Economic Development Board.
Global exchange-traded funds are building cash piles to place in Saudi Arabian equities, according to a ranking compiled by Bloomberg.It comes as the country joins the FTSE Russell emerging markets index, which is expected to attract billions of dollars in foreign fund inflows.“We believe Saudi’s inclusion in the FTSE Russell EM Index will have a significantly positive impact on stock markets, Salah Shamma, the regional head of investment at Franklin Templeton Emerging Markets Equity, told Arab News.
Kuwaiti authorities have arrested a Syrian businessman who is close to the head of the Syrian regime, Bashar al-Assad.Mazen Tarazi was arrested late Monday at his offices at Al-Hadaf magazine, his lawyer Badr Al Yacoub told Agence France Presse, saying he did not yet know the reasons behind his client’s arrest. Al-Qabas newspaper said on its website that Tarazi was accused of money laundering and printing texts without authorization.
A steady decline in the number of white collar expatriate employees has hit housing rental market hard in Oman. Rents declined by 10-15 per cent in 2018 compared to 2017.
Since the demand is mainly from these expatriates, their declining number is resulting in stress in rental as well investment properties, according to the March 2019 Property Report from Al Habib, the largest real estate solutions provider in Oman.
The European Union’s antitrust regulators on Wednesday (March 20) fined Google 1.49 billion euros ($1.7 billion) for abusing its dominance in the online search market by blocking rivals.
Google has abused its market dominance by imposing a number of restrictive clauses in contracts with third-party websites which prevented Google’s rivals from placing their search adverts on these websites, the European Commission (EC) said in a statement.
The UAE education is experiencing oversupply of schools which will force the low-performing institutions out of the market while the medium and high-end schools will see consolidation, industry executives and experts said during a panel discussion on Wednesday.
Despite the oversupply in the market, they believe opportunities still existing for new players who can offer quality education at competitive prices.
“There is certainly oversupply in the market. Hence, there will be competition among new entrants,” said Dino Varkey, CEO, Gems Education.
Innovation is king. In the face of rising expectations and disruptive digital competitors, enterprises are desperate to innovate to safeguard their businesses and unlock future growth. Yet how often do we see many struggle to be able to execute? Look at Xerox, Kodak, Nokia. All big names that struggled to adapt to the changing demands of the market. Yet, interestingly, these companies often had “the next big thing” first yet failed to deliver on those innovations and instead found themselves ceding to others. Why?
Gulf Air, the national carrier of Bahrain, was recently named the ‘Fastest Growing Airline in the Middle East region’ at the 19th Airline Marketing Workshop, organised by Athens International Airport in the Greek capital.
The event takes place annually in Athens and includes all carriers that operate to and from Athens International Airport. The award ceremony was attended by Gulf Air’s representative who accepted the award on behalf of the airline.