Search Results for: UAE

Promoting women to corporate boards within the Middle East and elsewhere can directly improve profitability and change the way a company approaches its market, participants at a recent networking breakfast hosted by ACCA concurred.

Entitled ‘Women in Finance: beyond the numbers’, the event was held on February 2 at the Four Seasons resort hotel in Dubai and attended by senior finance professionals and leaders from the United Arab Emirates (UAE).…

Terrorist financing is continuing in the Middle East, highlighted by the devastating attack in Istanbul over the new year. Radical Islamic groups still operate in Iraq and Syria, notably the Islamic State and the Levant, or ISIL (also known as ISIS), and the source of funding for these terrorist groups is a contentious issue.…

EAGER to give a new twist to the abaya (the robe-like dress worn by some Muslim women), she went on to create dozens of unconventional designs of the traditional garment and opened three branches of her boutique in the United Arab Emirates (UAE).…

THE UNITED Arab Emirates (UAE) has managed to ride out the economic and political instability that has afflicted much of the Middle East since the onset of the Arab Spring, but low oil prices have impacted the paint sector, with fewer mega developments and infrastructure projects in the pipeline than several years ago.…

Arab Gulf governments are repeatedly accused of aiding terrorist financing on and, more often, off the record. Calls to get tough on these states have been sidelined by political and economic expediency, while Gulf moves to curb terrorist financing have been lacklustre and there may be risks ahead, reports Paul Cochrane, in Beirut.…

The Italian beauty and personal care industry has headed into 2017 with optimism, on the heels of a still slow yet solid recovery in the domestic market and the strengthening of its competitive edge in foreign markets. Although the most recent confirmed data goes back only to 2015, industry association Cosmetica Italia’s latest forecast for the sector, released in July 2016 and entitled, ‘Economic Forecasts, Trends and Investments in the Cosmetics Sector – July 2016’, gives a good idea on the 2016 year-end results we can expect from the Italian cosmetics industry.…

Her Excellency Sara Al Madani ventured into the business world at a time when very few Emirati women dared to do so. Defying gender and cultural norms, she started her fashion label Rouge Couture at the age of 15.

Eager to give a new twist to the abaya (the robe-like dress worn by some Muslim women), she went on to create dozens of unconventional designs of the traditional garment and opened three branches of her boutique in the United Arab Emirates (UAE).…

ONE of the wealthiest countries in the world, Qatar’s gross domestic product (GDP) per capita was estimated at USD73,653 in 2015, according to the World Bank. Close to 85% of the country’s 2.5 million population are expatriates and this has influenced the skincare products on offer, while high levels of disposable income continue to drive consumption.…

United Arab Emirates

Population 9.1 million – 2015

GDP 2015 – USD370 billion (up 3.2% on previous year)

Projected 2016 GDP growth – 2%

Size of non-oil economy 2015 – 66% (IMF)

Proportion of local nationals in private sector – 1% (LSE estimates 2014)

Saudi Arabia

Population 31.5 million – 2015

GDP 2015 – USD646 billion (up 3.5% on previous year)

Projected 2016 GDP growth – 1.86%

Size of non-oil economy 2014 – 57% (IMF )

Proportion of local nationals in private sector 2016 – 16% (Oxford Strategic Consulting)

Qatar

Population 2.2 million – 2015

GDP 2015 – USD166 billion (up 2.9% on previous year)

Projected 2016 GDP growth – 3.3%

Size of non-oil economy 2015 – 49% (IMF)

Proportion of local nationals in private sector 2014 – 5% – (Qatar Statistics Authority)

Bahrain

Population 1.3 million – 2015

GDP 2015 – USD32 billion (up 2.9% on previous year)

Projected 2016 GDP growth – 2.2%

Size of non-oil economy 2015 – 76% (IMF)

Proportion of local nationals in private sector 2013 – 18% (Bahrain’s Labour Market Regulatory Authority).…

IRAN’S rose water export sector is facing the potential for rapid expansion now that the country can trade freely globally after the bulk of international banking and economic sanctions imposed over the Iranian nuclear programme were lifted this January (2016).…