report

  • Airbnb is Just One Part of Dubai’s Sharing Economy

    SHARING ECONOMY SPENDING PASSES $10 BILLION 

    Within the GCC, estimated spending in the sharing economy has topped $10 billion. While the transportation sector has seen the highest spending at nearly $3 billion, the accommodation section is expected to see the highest rate of growth going forward— whopping 42%. From those registered with sites like Airbnb and Booking.com and the guests that use the sharing economy for accommodations, this growth rate is exciting.

  • Airbnb's Business Travel Trends for 2019

    Dubai is one of the world’s most vibrant cities, with a range of nationalities and cultures. As a global business hub, Dubai is a growing destination for foreign investment, with Dubai FDI reporting inflow of foreign capital into the emirate of Dh17.7billion in the first half of 2018.

  • Airbnb’s Trending Destinations for Spring Getaways

    The clouds have rolled in for a few weeks which can only mean that the temperatures are on the way up. As we watch the mercury rise, make the most of March and April! They are a special time to host family and friends in Dubai or look for a springtime experience abroad before Ramadan starts and the scorching summer hits. Airbnb, the accommodation and Experiences platform, that enables inspiring and unique travel experiences, has shared fresh data on where their guests are traveling this spring. Maybe some inspiration for your own travel adventures?

  • ALL THAT GLITTERS IS GOLD FOR GCC ONLINE SEARCH TRENDS

    Demand for higher karat gold has taken an upward turn across the GCC during the past nine months, according to website search trend data from SEMrush, the leading award winning online digital marketing suite.

  • Allsopp & Allsopp Real Estate Quarter 1 Report

    Allsopp & Allsopp’s Quarter 1 (Q1) of 2019 has seen a rise in buyer and tenant registration against a backdrop continued reports of oversupply in the Dubai property market. Buyer registration is up by 20% with sales transactions experiencing an 18% increase. Tenant registration is up considerably at 55% with rental transactions seeing an extensive 75% increase. The population of Dubai is continuing to grow, according to the Dubai Statistics Center the city has seen a 6.5% rise since March 2018 putting the population up to 3.1 million. This rise in population is slowly but surely matching the property supply and we are seeing this with the rise in buyer and tenant registrations.

  • Arab Bank Group first quarter profits grow by 5.2% to $ 231.8 million

    Arab Bank Group announced its results for the first quarter of 2019 reporting 5.2% growth in net profit after tax of $231.8 million as compared to $220.3 million in 2018, with net income before tax increasing by 9.1% to reach $312.8 million. Group equity stood at $ 8.5 billion, while loans increased to reach $25.8 billion and deposits increased to $33.7 billion.

  • Arc Faults Can Trigger $46,000 Downtime Costs Per Day

    Research by Eaton estimates the cost of production downtime alone could reach $46,000 within 24 hours of an arc fault. Then there is the threat to life safety posed by the initial explosion, the potential for reputational damage and the the cost of replacement assemblies and parts to consider. These can be catastrophic consequences, particularly in power-critical environments such as process plants and hospitals. As such, the power management company has launched a campaign to highlight the risk of arc faults arising from low-voltage electrical distribution panels in commercial and industrial buildings.

  • ARTIFICIAL INTELLIGENCE TO IMPACT REGIONAL POWER SECTOR JOBS

    Artificial Intelligence (A.I.) will significantly impact roles within the regional power sector according to the newly-released Middle East Electricity A.I. & Energy Report, which forecasts major adjustments to jobs in power generation plant operations and maintenance as sensors, digitisation and machine learning are increasingly adopted.

  • As Predicted, Mobile Continued Its Platform Dominance on Black Friday through Cyber Monday

    Akamai predicted in September 2018 that mobile shopping would continue its growth this holiday shopping season. That prediction held true as we saw mobile devices  increase its share of online shopping traffic volume to 57.55% and 35.91% for desktop. Compared to Black Friday 2017 (24 Nov), mobile increased by 12% while desktop decreased by 8%.

  • Asia World Sees Myanmar's New Concrete Road as Catalyst and Confidence Booster for Investments Into Rakhine

    The Asia World Foundation said today that a new, all-weather 54-kilometer concrete road will serve as a major confidence booster and catalyst for direct investments in Rakhine State which today kicked off a three-day investment fair that was inaugurated by Myanmar's State Counsellor Daw Aung San Suu Kyi.

  • Audi Abu Dhabi increases sales by 6.8% in 2018

    Audi Abu Dhabi have posted a year-on-year growth of 6.8% in 2018, in the face of competitive market conditions. Growth was driven by sales of new Audi models introduced during the year, including the all-new Audi A8, Q8, A7 and A6.

  • Aussie markets cheer Morrison's surprise win

    Summary:  Australian markets are on the rise after centre-right incumbent Scott Morrison held off the rival Labor party in this weekend's national election.

  • Axalta’s 2018 Automotive Color Popularity Report Shows White’s Continued Global Preference on Vehicles at 38 Percent

    Axalta (NYSE: AXTA) today released its 66th annual Global Automotive Color Popularity Report which shows white as the global leader in consumer vehicle color choice in 2018. At an astounding 38 percent, white held its top spot with a significant gap ahead of second-place black (18%) and a third-place tie between silver and gray (12%).

  • Bahrain tops World Bank Index for Human Capital in MENA Region

    The World Bank last week announced its inaugural Human Capital Index, with Bahrain coming in the lead for the MENA region. Focusing on health and education, the Index measures how productive a child born today will be by the time they turn 18, where the Kingdom’s score increased by 6% since the research project started in 2012.

  • Bahrain’s financial services sector presents 35% cost advantage over regional neighbours

    A KPMG report, ‘Cost of doing business in Bahrain – Financial Services’, has revealed Bahrain as the most cost effective place in the Gulf to set up and do business in the Financial Services sector, with companies enjoying up to 35% cost savings compared with the rest of the region.

  • Bayt.com Breaks New Record with 35 Million Registered Professionals

    Bayt.com, the Middle East’s #1 jobsite, just reported reaching a record of 35 million members in their database of job seekers and professionals. According to Bayt.com’s recent report, 16,000 job seeking professionals are now joining the jobsite every single day.

  • Bayt.com Poll: 95% of MENA Job Seekers Want Companies to Engage with Them via Online Job Sites

    In today’s hyper competitive market, companies have to find ways to differentiate themselves to become an employer of choice and ensure not only talent attraction, but also retention.

  • Bearish harmonic pattern for Gold - Century Financial Weekly Market Report

    Currencies

    End of QE bullish for Euro

    The European Central Bank has confirmed it is ending its huge net asset purchase programme to stimulate the eurozone economy this month. The ECB has stopped its bond-buying scheme, worth €30bn a month, despite a recent slowdown in the bloc's recovery. The move, first announced in June, is a big step towards unwinding the policies brought in to stabilise the eurozone in the wake of the financial crisis. Updated ECB projections published Thursday showed the economy continuing to expand, albeit at a slightly slower pace than previously expected. End of QE as well as economic growth, even if at lower rate should be supportive of Euro against USD.

  • Bilingual communication the most demanded skill in the UAE this year – Bayt.com research

    Most UAE employers are demanding ‘good communication in English and Arabic’ as well as ‘being a team player’ as top skills for their hires this year, according to research by Bayt.com and YouGov.

  • Black Friday alert: popular online fashion shops among top targets for data stealing malware in 2018

    As the big annual holiday shopping season gets underway, new Kaspersky Lab research shows that banking Trojans are actively targeting online users of popular consumer brands, stealing credentials and other information through these sites. Kaspersky Lab technologies detected 9.2 million attempted attacks by the end of Q3, 2018, compared to 11.2 for the whole of 2017, with detections for one malware family up by 34%. Half all online shops attacked were well known consumer apparel brands including fashion, footwear, gifts, toys and department stores. Online shoppers in Italy, Germany, the US, Russia and emerging markets appear to be particularly at risk.