Many Middle East Businesses Not Cyber-Protected

A new report released by the anti-virus software company Symantec and the research firm Deloitte shows that many small to mid-size companies in the Middle East do not have adequate protection against internet attacks. The report affirms that only about 30 percent of Middle East-based companies have the necessary protection which would protect them fromContinue Reading

S&P Lowers Ratings of ME Oil Producing Countries

Due to the recent drastic decline in the price of oil, the S&P decided to lower the sovereign credit ratings of several Middle Eastern oil producing countries. The price of oil has crashed since June, with S&P cutting their forecast for average Brent oil from $105 per barrel down to $55 for 2015. An increaseContinue Reading

Rolls-Royce Rolls in Best Year Ever

In 2014 Rolls-Royce, the uber-luxury car maker, sold 4,063 cars throughout the world, the highest number ever. In terms of growth rates RR says that they saw double digit growth in just about every region in which they sell cars. In North America sales were up by 30%; in the Middle East growth increased byContinue Reading

Oil Prices Falling as OPEC Nixes Cut in Production

Listen to an overview of the OPEC decision not to cut production as a method to boost prices. Gulf countries are looking instead to improve business by keeping prices down through achieving increased market share and the ability to realize a number of political objectives. Brent crude was selling for below $70/barrel and West TexasContinue Reading

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