Category Archives: Investment

REC and O Capital Join to Sell Solar in MENA

Two companies have signed a deal to sell solar panels and other related services in the Middle East and Africa. O Capital and REC Solar Holdings are embarking on this partnership with the intention of taking advantage of what they see will be major growth in the renewable energy sector. “Beginning in 2017, we are… Continue Reading

Middle East Seeing Surge in High Tech Economy

An SAP and Economist Intelligence Unit (EIU) report shows that many businesses are realizing surprising benefits to their bottom-lines due to better access to information, including data on prospective clients, current customers, or internal functioning. McKinsey & Company also point out that businesses that are incorporating the digital marketplace will able to potentially see an… Continue Reading

Oman Discussing Power Rationing for Summer

Corporate Communication Specialist Zahran Zahir Al Ruqeishi of the Muscat Electricity Distribution Company (MEDC) said, “The need (for rationing) is not just from the ‘saving money’ point of view, but also due to environmental factors.” Al Ruqeishi emphasized that consumers are for the most part unaware that the indiscriminate use of electricity leads to exorbitant… Continue Reading

Qatar Investment Firm Launching Mega IPO

A huge initial public offering will be presented in May for a multi-billion dollar investment company which was begun by Qatar at the beginning of 2013. Shares will be on offer to individuals, local companies and institutions. At the beginning of the century Qatar launched three giant primary issues for its own citizens, businesses and… Continue Reading

Aspect Software Appoints Sanjay Gupta to Lead Asian and Middle East Efforts

In order to strengthen its reach to Asia and the Middle East, Aspect Software appointed Sanjay Gupta as managing director for India, Middle East and SAARC (South Asian Association for Regional Cooperation.) One of the world’s leading providers of customer contact and enterprise workforce optimization, Aspect would like to extend its reach more successfully into… Continue Reading

Dubai Ranked 25th for World’s Most Expensive Office Rentals

According to the international real estate services firm CB Richard Ellis, Dubai is among the world’s most expensive countries in which to rent office space, ranking 25th in the world. Overall occupancy costs average out to about $92.56 per square foot in the Gulf emirate. Abu Dhabi was also examined in the report, but found… Continue Reading

TRI Hospitality Survey Reveals Dubai Hotels Doing Well

TRI Hospitality Consulting conducted a HotStats survey which showed that UAE hotels had excellent improvement in performance in all the relevant indicators in January of 2012. The strong performance was partly attributed to increased tourism for the Dubai Shopping Festival. According to the survey Dubai hotels outperformed the other MENA markets by a wide margin.… Continue Reading

Robots Coming to Abu Dhabi

According to the financial journal Arabian Business, a Barcelona-based company, PAL Robotics, has developed a human-size robot which is designed to replace non-skilled and low-skilled workers in factories and other places of employment. PAL Robotics, a subsidiary of the Abu Dhabi-based conglomerate Royal Group, is dedicating its research and development department to the production and… Continue Reading