Tag: mideasthome

  • Arab Contractors, Orascom to build Egypt’s debut monorail

    Arab Contractors, Orascom to build Egypt’s debut monorail

    Arab Contractors, a leading construction company in the Middle East and Africa, has joined hands with Orascom Construction Company, a global engineering and construction contractor, to build Egypt’s first primary monorail project in capital Cairo. Both the companies will work with Canadian Bombardier Company for the construction of the $1.4 billion project, reported Amwal Alghad, […]

  • ANALYSIS: Debunking Iran’s claim of ‘advisory roles’ in Middle East wars

    ANALYSIS: Debunking Iran’s claim of ‘advisory roles’ in Middle East wars

    Mohammad Ali Jafari, commander of Islamic Revolutionary Guard Corps (IRGC), has acknowledged that his forces played a significant role in the killing of former Yemeni president, Ali Abdullah Saleh. “Today, Yemen is ruled by the Ansarullah (Houthi Movement), and Iran’s assistance is confined to advisory missions and spiritual support, which Yemen needs most,” he noted. IRGC admits […]

  • Blockchain ‘can transform the Mideast financial services sector’

    Blockchain ‘can transform the Mideast financial services sector’

    Blockchain’s potential to transform businesses is becoming increasingly clear today, with the financial services being the most likely sector to be disrupted by this technology, experts said. While blockchain investments are growing faster and new blockchain FinTech players are rapidly emerging, more financial institutions in the region are launching initiatives to understand possible business and […]

  • Mideast business confidence drops amid global uncertainty

    Mideast business confidence drops amid global uncertainty

    Business confidence in the Middle East remained subdued in Q4 2016, with 51 per cent of firms reporting that they feel less confident about the future, according to a report. The latest Global Economic Conditions Survey from ACCA (the Association of Chartered Certified Accountants) and the IMA (the Institute of Management Accountants) suggests that the […]

  • Five megatrends transforming the Middle East

    Five megatrends transforming the Middle East

    Demographic and social change, shift in global economic power, rapid urbanisation, climate change and resource scarcity and technological breakthroughs will dictate and shape the future of the region, says a new report. PwC, one of the world’s largest professional services firms in the region, has launched its first-ever regional megatrends report entitled Middle East Megatrends: […]

  • Mideast smart airport market to hit $850m by 2019

    The smart airport market in the Middle East region is expected to reach $850 million over the next three years, growing at a compound annual growth rate (CAGR) of more than four per cent, said a report. The growth in the region will be spearheaded by the Gulf countries ably supported by Egypt, Iran, Iraq, […]

  • Mideast buyers invest €4.79bn in European hotels in last 2 years

    Mideast buyers invest €4.79bn in European hotels in last 2 years

    Middle Eastern buyers including high net Qatari investors invested €4.79bn ($5.22bn) in some of the world’s most iconic hotels across key European markets in the last two years, according to ‘Check In’, a European inbound hotel investment report by CBRE, a global real estate consultancy. The UK was the key target market for Middle Eastern […]