Majid Jafar to Speak at Annual World Economic Forum in Dubai

High on the agenda for the delegates at this year’s World Economic Forum summit are income parity and employment in the Middle East. The Summit on Global Agenda, taking place from November 9-11, 2014 in Dubai, will feature over 1,000 delegates. Included among them are international leaders such as Al Gore, Gordon Brown and JoseContinue Reading

Accor Doubling Rooms by Decade’s End

Sébastien Bazin, chairman and CEO of Accor HotelServices Middle East announced that the company is looking to double the number of hotel rooms they offer by the year 2020, to 30,000 rooms. The plan was revealed as the company celebrated the milestone of having 100 hotels under their auspices in the Middle East with aContinue Reading

Panasonic Boosting Middle East Market Share

Shinichi Wakita, managing director of Panasonic Marketing Middle East and Africa told reporters at the Gitex event in Dubai that the Japanese consumer electronics giant is aiming to double their penetration in the MENA market in the next few years. Wakita admitted that Panasonic has been facing fierce completion lately in this market, eating intoContinue Reading

Majid Hassan Joins Mirabaud Asset Management

Majid Hassan Joins Mirabaud Asset Management

Majid Hassan will be joining Mirabaud Asset Management as the new head of business development focused on Middle East investors. Hassan will be seeking out investors from a wide range of backgrounds, including banks, pension funds, and sovereign wealth funds from within the Gulf Cooperation Council (GCC) countries. Hassan will be headquartered in Mirabaud’s DubaiContinue Reading

CBRE Appoints Two New Employees

CBRE Appoints Two New Employees

Louise Liddel will be joining the team at CBRE as the new associate director for valuation consultancy. With seven years of valuation experience behind her, including her last three years in the Middle East, Liddle will be based in Dubai. She will focus on valuations for CBRE’s clientele interested in the MENA region. Her servicesContinue Reading

Jadwa Investment Picks New CFO

Jadwa Investment Picks New CFO

Abdulaziz Al-Arifi was appointed to be the new chief financial officer of Riyadh-based Jadwa Investment. The appointment is part of the major investment firm’s expansion, with Al-Arifi being given the responsibility of leading the company’s new business strategy. Al-Arifi has more than ten years of experience working in the financial services sector. He is comingContinue Reading

Air Travel Booming in Middle East

Air Travel Booming in Middle East

According to data supplied by the International Air Transport Authority, demand for air travel soared in April, 2014, by 18.6 percent. The figures represent the largest growth for any region in the world. Capacity also climbed by 13.1 percent while the load factor increased by 3.8 percent bringing the total to a respectable 80.8 percent,Continue Reading

WHO Declares MERS Not a PHEIC

WHO Declares MERS Not a PHEIC

After meeting for five hours in an emergency meeting the World Health Organization announced that the new deadly MERS (Middle East Respiratory Syndrome) virus is causing a “significant increase” in concern but does not yet qualify as a global public health emergency- Public Health Emergency of International Concern (PHEIC.) “The committee concluded that the conditionsContinue Reading

Arabs Rank High on Forbes Billionaires List

Arabs Rank High on Forbes Billionaires List

Saudi Arabian Prince Alwaleed bin Talal once again topped the list of the world’s richest Arabs according to the Forbes annual survey. His net worth is estimated to be $20.4 billion. Coming in second place on the Arab scale is the Lebanese-Brazilian banking magnate Joseph Safra, with about $16 billion in wealth. The third placeContinue Reading

Cyber-Attacks on the Rise in the Middle East

Cyber-Attacks on the Rise in the Middle East

According to the Cisco 2014 Annual Security Report, Middle East businesses have been confronted by a growing number of cyber-attacks, reaching their highest-ever numbers last year. “Organizations across the Middle East and Africa must realize that it is no longer if they will be targeted by cyber-attacks, but rather when,” said Dr. Tarig Enaya, ManagingContinue Reading