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Saudi Aramco boss says global gas crisis is boosting oil demand
Crude consumption has risen by around 500,000 barrels a day, according to CEO Amin Nasser Source link
October 4, 2021 in Business News -
Qatar places $760m order for liquid-gas ships with China
Qatar Petroleum said the vessels will be built by Hudong-Zhonghua Shipbuilding Group Co., a subsidiary of China State Shipbuilding Corp Source link
October 4, 2021 in Business News -
Oman suspends flights, UAE on high alert as cyclone approaches
Omani government declared a public holiday on Sunday and Monday ‘due to the adverse climate conditions’ Source link
October 3, 2021 in Business News -
Abu Dhabi's Agthia completes acquisition stake in Egypt's Ismailia Investments
Ismailia Investments, which focuses on frozen processed chicken and beef products, has a processing capacity of around 70,000 tons per year through its facilities and production lines Source link
September 15, 2021 in Business News -
UAE firms secure approval to continue camel milk exports to Europe
About 4,500 tons of camel milk and associated products are produced annually and are among the UAE’s signature foods Source link
September 14, 2021 in Business News -
6 steps to creating patient trust in telehealth
With Covid-19, came a flood of new telehealth (virtual consulting) healthcare solutions, exposing more patients to its benefits and features. More advertising, more awareness and more conversations have introduced telehealth to a broader public, and this can only be good for everyone. The question remains though, how do we create that trust in telehealth for
September 14, 2021 in Property & Real Estate -
Shuaa ex-deputy CEO eyes $1.3bn target with new asset management firm
From helping transform one small boutique firm to a $14bn AUM giant, Mustafa Kheriba has now established Arithma Capital to become ‘a leading asset manager with an alternative approach’ Source link
September 14, 2021 in Business News -
Nicole Bessick teaches Lerato Kganyago a style K.O. on the next episode of Skip Style Council
The Skip Style Council heads to the boxing ring for the next session of this exciting visual podcast series packed with tips, hacks, and tricks to elevate your wardrobe. Titled True Champion, this week’s episode profiles actress and boxing queen Nicole Bessick who tells viewers about how she can juggle being a knockout in the
September 14, 2021 in Energy -
UAE eyes $1trn in business with Israel over next decade
Economy Minister Abdulla Bin Touq says UAE has signed over 60 memorandums of understanding with Israel since normalising relations in 2020 Source link
September 13, 2021 in Business News -
Nicole Bessick teaches Lerato Kganyago a style K.O. on the next episode of Skip Style Council
The Skip Style Council heads to the boxing ring for the next session of this exciting visual podcast series packed with tips, hacks, and tricks to elevate your wardrobe. Titled True Champion, this week’s episode profiles actress and boxing queen Nicole Bessick who tells viewers about how she can juggle being a knockout in the
September 13, 2021 in Investments -
Fluence Capital offers businesses guidance and support in lockdown
Fluence Capital, a financial and strategic advisory company, is now offering pro-bono support and guidance for South Africans facing the potential loss of their business due to the Covid-19 lockdown. Analysts expect the lockdown to result in massive job losses and business closures, with the International Labor Organization (ILO) increasing its job loss forecasts to
September 13, 2021 in Investments -
GITEX 2021: Sitecore to showcase innovations that deliver memorable customer experiences
Sitecore will hold first standalone participation at GITEX where it will share Middle East innovations with a global audience Source link
September 13, 2021 in Business News -
Dubai-based start-up Valeo brings health to home
Users can receive in-home tests, and certified wellbeing coaches, trained and qualified in behavioural health and nutrition, help better understand the wellbeing data Source link
September 12, 2021 in Business News -
UAE-based Gulf Craft expands footprint in Europe
Ahead of Cannes Yachting Festival, the boat and yacht maker has entered markets in Germany, Spain, the Netherlands and Portugal, among others Source link
September 11, 2021 in Business News -
Expo 2020 Dubai visitors won't need Covid-19 vaccine, negative PCR
Across the Expo site, dozens of checkpoints will ensure people provide a pass to enter, while visitors will have to wear masks and abide by stringent social distancing regulations. Sanitising stations will be scattered in every corner Source link
September 11, 2021 in Business News -
UAE residents outside country told they can come back, even if abroad for over six months
Arriving passengers must apply via the website of the Federal Authority for Identity and Citizenship (ICA), and complete the vaccination application in order to get the necessary approvals, in addition to presenting the approved vaccination certification upon departure for the UAE Source link
September 10, 2021 in Business News -
SA Tourism reconnects Chinese buyers with South African trade
In a bid to kick start travel to South Africa from China, South African Tourism has announced the 2021 China Virtual Road Show & Virtual Fam to reconnect Chinese buyers with South African trade, from 13 to 17 September 2021. China is one of South Africa’s key source markets. This virtual tour aims to boost
September 10, 2021 in Manufacturing -
#BreatheEasierSA with RespiClear Decongestant range. Now in Dis-Chem stores nationwide
South Africans are now able to breathe easier with the new RespiClear® Decongestant range from OBEL®. The range boasts steroid-free nebs, petroleum-free vapour rub and preservative-free drops for inhalation. All products are formulated with key essential oils, including eucalyptus and menthol, both with excellent anti-viral properties. The RespiClear® Decongestant Nebs are the first steroid-free nebules
September 10, 2021 in Manufacturing -
Aramco considers opening $110bn gas project to investors
State-controlled producer is working with an adviser as it explores raising new equity or debt for its vast Jafurah site Source link
September 9, 2021 in Business News -
This Heritage Month, explore South Africa’s rich stories on Showmax, from Flatland to United Apart SA
Berlin Panorama opening film Flatland; SAFTA Best Soap nominee Arendsvlei; and Covid-19 lockdown doc United Apart SA FLATLAND | Stream now Flatland opened the 2019 Berlin Panorama, selling out all its screenings, and has a 91% critics rating on Rotten Tomatoes, with Variety calling the South African film “an exhilarating fusion of contemporary western and
September 9, 2021 in Manufacturing -
Why it's an employee's market
Companies that prioritise their employees and do everything in their power to make them happy and motivated will be the winners in this new upcoming era Source link
September 9, 2021 in Business News -
Further easing of travel restrictions by Saudi 'only a matter of time' says business expert
Latest move welcomed amid expected boon for tourism and business in UAE Source link
September 8, 2021 in Business News -
Satellite data provides fresh insights into the amount of water in the Nile basin
As countries vie for these resources, there has been immense tension. Most notably, Egypt and Sudan have challenged Ethiopia’s decision to construct and fill the Grand Ethiopian Renaissance Dam. This is a huge project on one of the Nile’s main tributaries, the Blue Nile, which supplies more than 80% of the water reaching Egypt. Treaties
September 8, 2021 in Manufacturing -
Satellite data provides fresh insights into the amount of water in the Nile basin
As countries vie for these resources, there has been immense tension. Most notably, Egypt and Sudan have challenged Ethiopia’s decision to construct and fill the Grand Ethiopian Renaissance Dam. This is a huge project on one of the Nile’s main tributaries, the Blue Nile, which supplies more than 80% of the water reaching Egypt. Treaties
September 8, 2021 in Energy -
Bahrain's cashless payments surge by 65% in August hitting almost $744m
More than 53 million digital payments were conducted during the first half of the year, according to data from the Central Bank of Bahrain Source link
September 8, 2021 in Business News -
Africa Rising International Film Festival puts spotlight on GBV, BLM and unjust systems
The third instalment of the Africa Rising International Film Festival (ARIFF) is scheduled to take place virtually from 27-29 November 2020. True to the time, the 2020 edition will be both a virtual experience with one or two live experiences. Using film to create awareness and contribute to urgent conversations needed, and hopefully drive change,
September 7, 2021 in Manufacturing -
Will small companies forced to investigate financial crimes be able to cope?
“With constantly evolving regulatory and reporting requirements, SMEs are in a fix” Source link
September 7, 2021 in Business News -
The UAE start-up making insurance more 'tolerable'
Hala is the emerging insurtech start-up that pivoted from serving insurers to serving their customers Source link
September 6, 2021 in Business News -
Balwin secures approval for BEE transaction
JSE-listed Balwin Properties announced on Monday, 6 September, that it has secured shareholder approval for its Black Economic Empowerment (BEE) transaction led by Aobakwe Reginald Koketso Kukama. Aobakwe Reginald Kukama and Steve Brookes, Balwin Properties “I’ve been working on a suitable empowerment transaction since listing and Balwin is delighted with the shareholder support received to
September 6, 2021 in Property & Real Estate -
Africa Rising International Film Festival puts spotlight on GBV, BLM and unjust systems
The third instalment of the Africa Rising International Film Festival (ARIFF) is scheduled to take place virtually from 27-29 November 2020. True to the time, the 2020 edition will be both a virtual experience with one or two live experiences. Using film to create awareness and contribute to urgent conversations needed, and hopefully drive change,
September 6, 2021 in Property & Real Estate -
Satellite data provides fresh insights into the amount of water in the Nile basin
As countries vie for these resources, there has been immense tension. Most notably, Egypt and Sudan have challenged Ethiopia’s decision to construct and fill the Grand Ethiopian Renaissance Dam. This is a huge project on one of the Nile’s main tributaries, the Blue Nile, which supplies more than 80% of the water reaching Egypt. Treaties
September 6, 2021 in Property & Real Estate -
AB Real Estate Forum: Property is back
Arabian Business will be tapping into great knowledge and expertise of panelists at the next edition of its live events series – the AB Real Estate Forum – to be held at the JW Marriott Marquis on September 20, where we will be striving to reveal the current state-of-play within the industry Source link
September 6, 2021 in Business News -
Why Dubai is the city of 'miracles and positive surprises'
UAE’s handling of coronavirus built up trust among incoming tourists; upcoming season will be ‘amazing’ for the emirate’s hotel and hospitality sector, said Raffles the Palm MD Source link
September 5, 2021 in Business News -
Union Properties unit wins contract to manage 14 Expo 2020 Dubai pavilions
ServeU to meet the demands of facilities covering a total area spanning 30,000 sq m of the Expo 2020 site with a team of 300 Source link
September 4, 2021 in Business News -
How humanity has reached a 'code red' climate emergency
The good news is that there is still a sliver of hope to help communities respond to this threat through well-informed, solid and sustained actions Source link
September 4, 2021 in Business News -
US operator Choice Hotels commits to open 10 Saudi hotels by 2026
First three hotels to open in Jeddah and Riyadh by the end of this years in deal with Saudi-based travel major Seera Source link
September 3, 2021 in Business News -
Where to next? The case for crypto-asset regulation just got bigger
The alleged loss of some $3.6bn bitcoin through Africrypt investment company brings home just how risky this asset class truly is. Such incredible loss, though unfortunately not yet falling under the FSCA’s direct responsibility is likely to impact the velocity of crypto-asset regulatory development. Richard Rattue, managing director of Compli-Serve SA The recent announcement by
September 3, 2021 in Investments -
Saudi energy giant confirms plan to list on Tadawul
ACWA Power announces plan for initial public offering of 81,199,299 shares, representing 11.1% of its share capital Source link
September 3, 2021 in Business News -
FIVE grows its Dubai hotels and resorts portfolio with FIVE Beach
The former under-construction Corinthia in Dubai has been acquired by FIVE, to be reflagged as FIVE Beach and set to open in 2023 Source link
September 2, 2021 in Business News -
Absa PMI rebounds in August after steep fall on July riots
South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) recovered in August, after a steep drop in July when arson and looting gripped parts of the country, a survey showed on Wednesday. Source: Getty The index, a gauge of manufacturing activity in Africa’s most industrialised nation, rose to 57.9 points in August from 43.5 in July,
September 2, 2021 in Manufacturing -
Abu Dhabi's TAQA mulls sale of oil and gas assets
Abu Dhabi National Energy Company says that it has initiated a strategic re of its oil and gas operations Source link
September 1, 2021 in Business News -
Saudi power major ACWA said to eye more than $1bn from IPO
Sources say Riyadh listing may value ACWA Power International at $10bn or more Source link
September 1, 2021 in Business News -
HSBC launches Saudi Arabia's first climate change-focused investment fund
HSBC Global Equity Climate Change Fund offers investors exposure to renewable energy, clean transport, sustainable water management and climate change adaptation Source link
August 31, 2021 in Business News -
UAE announces price for all PCR Covid tests to be reduced to AED50
Ministry of Health and Prevention says change applies from Tuesday, will monitor adherence to new price Source link
August 30, 2021 in Business News -
Edge Growth to administer J.P. Morgan’s groundbreaking Abadali EEIP Fund
There is no doubt that the extreme disruptions and repercussions caused by the Covid-19 pandemic in South Africa will continue for some time. The long-term effect on the already challenged small and medium businesses will also be profound. Fortunately, initiatives such as the newly launched Abadali Equity Equivalent Investment Programme (EEIP) aims to have a
August 30, 2021 in Investments -
Oversubscribed Vukile bond issue attracts more than R2.1bn in bids
Vukile Property Fund recently issued R500m of senior unsecured corporate bonds with one- and three-year maturities. The issue was significantly oversubscribed, with the auction attracting bids of more than R2.1bn. Laurence Rapp, CEO of Vukile Three-year notes of R342m were placed at a margin of 185bps, better than guidance and favourably priced relative to recent
August 30, 2021 in Property & Real Estate -
Jess Cleland appointed Broll COO: Africa
The Broll Property Group has appointed Jess Cleland as COO: Africa. This includes responsibility for all operations outside of South Africa, in addition to heading up the group’s valuations and property intel divisions across all countries. Jess Cleland, Broll COO: Africa Since joining Broll in 2013, Cleland’s positions have included group managing director: East Africa
August 30, 2021 in Property & Real Estate -
The importance of a Zoom-ready face
Nazila Zoulfaghari, vice president of TEOXANE MENA, explains why the pandemic has benefited the cosmetic and aesthetic industries Source link
August 30, 2021 in Business News -
Dubai poised to benefit from cryptocurrency growth, Bittrex says
Dubai, the region’s financial hub, has already taken several steps to bolster the use of blockchain within the city in recent months Source link
August 29, 2021 in Business News -
Abu Dhabi bourse says to cut fees again, extend trading hours
Latest initiatives are part of the ADX One strategy announced earlier this year to bolster market activity and to deepen liquidity Source link
August 29, 2021 in Business News -
Saudi F1 race to offer 'something the world has never seen before', says circuit designer
Carsten Tilke delivers update on the construction of the fastest street track in Formula 1 history Source link
August 28, 2021 in Business News -
Man vs Machine: How AI robots are taking over online trading
Talal Al Ajmi, founder and CEO of VI Markets, shares his insights on how artificial intelligence (AI) and machine learning technologies are becoming a disruptive and prominent force in the online trading world Source link
August 27, 2021 in Business News -
How to identify and manage risk in your business
Business risks refer to all the factors that may lead to lower profits or even cause a company to close and fail. Lungile Phakathi, a CA(SA) and the managing director for the Modern Firm, gives practical advice on how you can identify and manage risks in your business. What does risk management mean in the
August 27, 2021 in Investments -
In conversation with South Africa’s central bank governor Lesetja Kganyago
South African Reserve Bank governor Lesetja Kganyago. Andrew Caballero-Reynolds/AFP via Getty Images Mills Soko: When you were appointed as governor one of the first things you did was to go to your village and you went on a shopping spree. What was the significance of this gesture? Lesetja Kganyago: I felt it was an opportunity
August 27, 2021 in Investments -
UBS hires team of Middle East private bankers from Credit Suisse
World’s largest wealth manager set to expand in the Gulf region, according to reports Source link
August 27, 2021 in Business News -
Historic SA wine estate owned by Anne Cointreau goes under hammer
A 329-year old South African wine estate owned by Anne Cointreau, a scion of the family famous for French cognac and orange liqueur, was sold on Wednesday to an international buyer in Europe for just over R52m ($3.5m). Source: Supplied The Morgenhof estate in Stellenbosch, owned for nearly three decades by Cointreau, was sold as
August 26, 2021 in Property & Real Estate -
How Saudi reforms could end the kingdom's 'fly-in-fly-out' culture
Experts say new measures don’t create competition between Saudi and the rest of the region Source link
August 26, 2021 in Business News -
Arçelik brings Beko appliances to SA as it advances African expansion
Turkish multinational consumer durables and electronics manufacturer Arçelik is expanding its portfolio in southern Africa by adding the Beko brand to its local portfolio. Beko is a freestanding home appliances brand in Europe in the white goods sector and the number one large home appliances brand in the UK. Beko store in Durban. Source: Supplied
August 26, 2021 in Manufacturing -
Why cybersecurity is essential for future-proofing businesses in the Gulf
Region’s companies need to invest in protecting themselves against the growing threat of ransomware Source link
August 25, 2021 in Business News -
New Electrolux SA MD shares growth opportunities
International home appliances maker Electrolux expects strong demand to continue as a result of the stay-at-home trend prompted by the Covid-19 pandemic. Source: Electrolux Helping to capitalise on growth opportunities in the South African market is Murray Crow, the new Electrolux managing director for SA, who has previously held posts as MD of Whirlpool South
August 25, 2021 in Manufacturing -
UAE assessing net-zero emissions target ahead of COP26
In December, the UAE pledged to cut greenhouse gas emissions by almost 25% over 10 years, from a baseline that assumes moderate economic growth Source link
August 25, 2021 in Business News -
New attraction Ain Dubai set to open on October 21
World’s tallest observation wheel will eclipse the 190-metre New York Wheel planned for Staten Island Source link
August 24, 2021 in Business News -
Further expansion for Only Realty Group with Halbe Properties acquisition
Only Realty Property Group is continuing its expansion of its national franchise footprint with the recent acquisition of Halbe Properties, an established real estate company with two offices. “We continuously work to achieve great success year-on-year and our recent acquisitions will further solidify our positioning and brand promise – particularly in Gauteng,” says Only Realty
August 24, 2021 in Property & Real Estate -
The SA design duo breaking into the US decor market
Pretoria-based sisters Morongwe (Mo) Mokone and Michelle Mokone lead the all-woman team behind Mo’s Crib, a South African home decor business creating stylish products from recycled materials, and creating employment for women by equipping them with artisanal skills. Michelle and Morongwe Mokone, owners of Mo’s Crib. Source: Supplied Mo’s Crib specialises in proudly South African
August 24, 2021 in Manufacturing -
UAE's ADNOC signs deals worth up to $1bn with top contractors
Abu Dhabi National Oil Company inks agreements for concept and front-end engineering design services for major projects Source link
August 24, 2021 in Business News -
Sapin to host free webinar on estate planning for property investors
This September, SA Property Investors Network (Sapin), in partnership with personalised online wills platform SmartWill, is hosting a free webinar covering the hidden costs of death for property investors. The webinar aims to educate and add value to anyone involved in the property industry, by shining a light on common, but not always known pitfalls,
August 23, 2021 in Property & Real Estate -
How Switzerland's private sector stands to benefit from Expo 2020
UAE-based branches of Swiss companies are driving interest in the exhibition, ‘proof of the belief that Expo will enhance trade between the two countries’, said Swiss Pavilion head Source link
August 23, 2021 in Business News -
If you want something, go get it
Stories inspire many of us. In fact, most of us probably have at least one story – be it fact or fiction – that has set off a spark of inspiration instrumental in motivating us. My life story was inspired by the Will Smith movie, The Pursuit of Happyness. The movie is based on the
August 23, 2021 in Investments -
Greener pastures for green finance in the MENA region
Out of the 12 MENA green and sustainability-linked debts issuances, four deals from Saudi Arabia account for almost 63% of the region’s total volume, with the UAE holding the remaining 37% Source link
August 22, 2021 in Business News -
UAE's half-year tourism revenues rise to $3bn as Covid recovery continues
Emirates Tourism Council data also reveals that average hotel occupancy rates increased to 62% in first half of 2021 compared to 53.6% in H1 2020 Source link
August 22, 2021 in Business News -
How Bahrain is helping Saudi Arabia get ready for F1 debut
Saudi Automobile & Motorcycle Federation has called on the expertise of a team of specialist Bahraini marshals ahead of December race Source link
August 21, 2021 in Business News -
Saudi Arabia among first countries to accept IATA Travel Pass
Used to confirm pre-departure Covid-19 test results for departing and arriving passengers, the pass will be available in the kingdom from September 30 Source link
August 20, 2021 in Business News -
Why real estate investors can make a real difference to climate change
Climate change and its potential costs to humankind made headlines again last week. What was new was the clarity of the message putting changes to the planet’s climate down to the human race. Source: Gallo/Getty The findings of the Intergovernmental Panel on Climate Change (IPCC) place climate change firmly on our doorstep, and has demanded
August 20, 2021 in Property & Real Estate -
Why the centuries-old tradition of wooden dhow trade is making a revival in Dubai
Dubai sees exports through wooden dhows touch 365,632 tonnes and imports reach 260,001 tonnes in the first half of 2021 Source link
August 20, 2021 in Business News -
Record-low interest rates drive five-year-high house price growth
According to the latest data from Lightstone, national house price inflation is at its highest in five years, proving a success story notwithstanding the ongoing Covid-19 pandemic and recent unrest in parts of KwaZulu-Natal and Gauteng. Carl Coetzee, CEO of BetterBond “The housing market remains the surprise success story of recent months and, contrary to
August 20, 2021 in Property & Real Estate -
Saudi retail major returns to profitability following five quarters of losses
Fawaz Abdulaziz Alhokair Co reports net profit of $12.2m for the quarter ended June 30 Source link
August 19, 2021 in Business News -
Suites at Expo 2020 Dubai's only on-site hotel almost sold out
Hotel is among the structures that will remain after global showpiece event ends in March next year Source link
August 19, 2021 in Business News -
Bahrain approves booster doses of Covid vaccination jabs
Kingdom’s National Medical Taskforce for Combating the Coronavirus has announced booster shots of the Pfizer-BioNTech and AstraZeneca will be available for fully vaccinated immunocompromised individuals and people over the age of 60. Source link
August 18, 2021 in Business News -
The Explainer: Quantum computing and how it's set to revolutionise the business world
Abu Dhabi’s plans to develop its own quantum computer could lead to ‘technological sovereignty’, says research professor Source link
August 17, 2021 in Business News -
Credit ratings are punishing poorer countries for investing more in healthcare during the pandemic
A credit rating, like a credit score, is an assessment of the ability of a borrower – whether it’s a company or a government – to repay its debts. Lower credit ratings drive up the cost of borrowing. This threat prompted some poorer countries to avoid tapping investors for vital financing during the pandemic, while
August 17, 2021 in Investments -
Abu Dhabi reveals monthly tariff for electric vehicle charging
New framework aims to enhance the integration of electric transport networks and encourage the participation of the private sector and consumers Source link
August 17, 2021 in Business News -
UAE fintech start-up SimpliFi in talks for partnership deals across MENAP
Start-up aiming to go commercially live in the whole region by 2022 is also looking at its next round of fundraising to generate more capital to finance ambitious growth plans Source link
August 16, 2021 in Business News -
More women independently purchasing property than ever before
More South African women are purchasing property on their own, without help from a partner, than ever before. Andrea Tucker, director of MortgageMe, says the shift shows more women are confident enough to exchange renting for the potential returns, peace of mind, and financial freedom that sole home ownership can provide. Andrea Tucker, director of
August 16, 2021 in Property & Real Estate -
Nixon’s decision to delink the dollar from gold still hounds the IMF, South Africa and Africa
Nixon’s action – announced on 15 August 1971 – had profound and long-lasting effects on the International Monetary Fund , South Africa and Africa. Nixon’s decision breached the US’s treaty obligations. But he had little choice. By 1970, the rest of the industrialised world had accumulated such large dollar holdings that the US did not
August 16, 2021 in Investments -
Dubai's Union Properties announces $7.3m profit for Q2 amid emirate's property boom
Real estate developer’s profits increased by 483% in the second quarter of the year, compared to Q1, as Dubai’s economy continues to chart a recovery from coronavirus Source link
August 15, 2021 in Business News -
Hyperforce is coming to the uae – here's why that matters
Salesforce is bringing its Hyperforce architecture to the UAE in partnership with AWS. What does that mean for your business? Source link
August 15, 2021 in Business News -
Bahrain's Gulf Air adds more routes to IATA Travel Pass trial
Available initially on routes from Bahrain to Athens, London and Singapore, the airline has now added flights to Dubai, Frankfurt and Paris flights to the trial Source link
August 14, 2021 in Business News -
UFC set to return to Abu Dhabi's Yas Island in October
Second edition of Abu Dhabi Showdown Week comes as part of the five-year partnership forged by UFC and DCT Abu Dhabi Source link
August 14, 2021 in Business News -
World's tallest observation wheel set to open in Q4 after key appointment
Dubai Holding has confirmed the appointment of Ronald Drake as general manager of Ain Dubai Source link
August 13, 2021 in Business News -
SeaWorld Abu Dhabi to include world's largest aquarium
Construction of the latest Yas Island tourist attraction is on track for completion in 2022 Source link
August 12, 2021 in Business News -
Building a consumer-centric supply chain in consumer goods
Globally, consumer packaged goods (CPG) companies are under intense pressure to profitably grow. Yet, incumbent companies are losing out to nimble, digital-native competitors. For large CPGs, it’s no longer enough for supply chains to be engines of efficiency. Source: Getty Supply chains must become laser-focused on delivering the outcomes that enable the company to meet
August 12, 2021 in Manufacturing -
Bitcoin is not gold
Bitcoin and a slew of other cryptocurrencies are gaining traction as alternatives to fiat currencies as mediums of exchange. But could they also challenge gold as the ultimate store of value? William Fraser, portfolio manager, Foord Asset Management To my mind, there are so few similarities between gold and Bitcoin that to compare them seems
August 12, 2021 in Investments -
Unrest, uncertainty spills over to property valuations
According to Gary Palmer, CEO of Paragon Lending Solutions, the recent unrest set a new financial low in South Africa’s already difficult economy and, much like the initial start of the Covid-19 pandemic, dealing with the fallout will take time. Recovering from the approximately R50bn – and counting – in losses won’t be easy, even
August 12, 2021 in Property & Real Estate -
Dunlop celebrates women driving the world forward
In honour of Women’s Month in August, we’re highlighting the significant contributions of women as the driving force behind creating safer experiences on the road. Those who believe they can change things for the better and do just that. To celebrate these phenomenal women, Dunlop has created a ‘Women driving the world forward’ website showcasing
August 12, 2021 in Manufacturing -
Blue Amber ready to take advantage of Zanzibar’s new tax, residency scheme
Pennyroyal’s Blue Amber development in Zanzibar is one of the first real estate projects to be awarded Strategic Investment Status (SIS) by Zanzibar’s government. Blue Amber is a 411-hectare luxury mixed-use waterfront, resort development spread along the Muyuni coastline in the north-eastern part of Zanzibar. It incorporates residential, hotel, tourism, and community and public amenities.
August 12, 2021 in Property & Real Estate -
High freight charges affecting businesses and consumers
The high shipping expenses are being factored into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers Source link
August 12, 2021 in Business News -
Etihad Cargo reclaims 90% of pre-Covid destinations
The Abu Dhabi-based cargo operation also recorded a 20 percent increase in tonnage compared to the same period in 2019 Source link
August 11, 2021 in Business News -
Fortress looks to increase solar output with launch of R900m sustainability-linked bonds
The JSE has granted Fortress Reit the listing of a three-year sustainability-linked bond of R495m and a five-year sustainability-linked note of R405m. Although the bonds do not have specific use-of-proceed requirements, the funds will assist Fortress with the continued installation and increase of solar energy in South Africa across its retail and logistics portfolios. Image
August 11, 2021 in Property & Real Estate -
Riots cost SA Corporate Real Estate more than R500m
SA Corporate Real Estate, a real estate investment trust (Reit) put an estimate of R558.243m on Tuesday on the total cost of damage to its properties and loss of income after the recent looting and vandalism. The unrest last month led to damage to hundreds of businesses and about 3,000 stores were looted and vandalised.
August 11, 2021 in Property & Real Estate -
Saudi Arabia issues record number of foreign investor licences
Ministry of Investment of Saudi Arabia says it issued 478 licences in the first quarter of the year as economy continues to recover from the impact of coronavirus Source link
August 10, 2021 in Business News -
Prudential’s Leshni Dial-Harikaran on the beauty of a perfectly balanced spreadsheet
As a typical Capricorn, Leshni Dial-Harikaran says she likes order and structure and really enjoys beauty, whether it be in nature, design, cars or a perfectly balanced excel spreadsheet. Leshni Dial-Harikaran, credit analyst, fixed income team, Prudential Investment Managers Therefore the credit analyst in the fixed income team at Prudential Investment Managers, says, numbers and
August 10, 2021 in Investments -
QCH signs agreement to manufacture, sell HempTrain in SA
South African hemp products development company Quattro-Canna Holdings (QCH) has signed a license agreement with Canadian Greenfield Technologies Corp. for the sole rights to manufacture and distribute the HempTrain decorticator plant in South Africa for local and regional sales and support. Source: Canadian Greenfield Technologies Corp. The HempTrain decorticator plant is a complete, whole plant
August 10, 2021 in Manufacturing -
Knight Frank Kenya notes increase in market activity in H12021
According to Knight Frank’s First Half 2021 Kenya Market Update report, prime residential rents declined at a slower rate of 6.02% over the past 12 months to June, compared to a 7.62% decline in a comparable period in 2020, attributing the change to the reopening of the economy, rollout of vaccinations and landlords adjusting rental
August 10, 2021 in Property & Real Estate -
Radisson Hotels signs its 16th hotel in South Africa
The Radisson Hotel Group has announced the signing of Radisson Hotel Middelburg. Set to open at the end of 2023, the hotel boosts the group’s South African portfolio to 16 hotels in operation and under development. It also places the group firmly on track to reach its ambition of 150 hotels in operation and under
August 10, 2021 in Property & Real Estate -
Women increasingly looking to property to build wealth
According to Chrissie Johnson, customer relationship manager for Seeff North Coast, having long been the primary influencers in property purchasing decisions, women are now not just confident purchasers of their own residential homes but are increasingly building property portfolios. Image supplied Statistics from Seeff’s mortgage originator further shows that there are more single women compared
August 10, 2021 in Property & Real Estate -
Abu Dhabi allows full foreign ownership for 604 classes of professional licenses
Foreign owners now may be fully licensed in fields such as accounting, training, consultancy, beauty centres, computer and internet network companies, and others Source link
August 10, 2021 in Business News -
Short-form video content to disrupt MENA digital media, research shows
Users of short-form video content are also higher online spenders than non-users across product categories; the variation in spend is estimated to be between 40 percent and 130 percent, the report by internet services consultancy RedSeer said Source link
August 9, 2021 in Business News -
Emirati entrepreneur Maryam Al Nuaimi is first woman in UAE's BPO industry
In an exclusive inter with Arabian Business, Nuaimi opened up about her journey to gain the trust of society and her clients in the business process outsourcing industry Source link
August 9, 2021 in Business News -
#WomensMonth: Self-mastery essential in driving your growth
Having started her career at Liberty Two Degrees (L2D) in 2012 as a property analyst, Sumenthree Moodley has since worked her way up to a more senior position at the company, currently serving as its head of analysis. This includes overseeing the monitoring of operational performance of the portfolio, analysing trading patterns and financial returns
August 6, 2021 in Property & Real Estate -
Mboweni steps down, Godongwana steps up as finance minister
Tito Mboweni’s long-standing request to be excused from his role as finance minister was finally granted in president Cyril Ramaphosa’s cabinet reshuffle last night. He is replaced by Enoch Godongwana. New minister of finance, Enoch Godongwana. Source: Mondi Mboweni took up this position following the sudden departure of former minister Nhlanhla Nene in October 2018.
August 6, 2021 in Investments -
Mpact invests over R500 million in growth projects after returning R257 million to shareholders
Mpact, the largest paper and plastics packaging business and recycler in southern Africa, reported the results for the six months ended 30 June 2021 today. Bruce Strong, Mpact Chief Executive Officer said: “Mpact continues to show tremendous resilience, firmly anchored in our purpose of making a difference, providing our customers with sustainable packaging and giving
August 5, 2021 in Manufacturing -
Retail major Landmark inks Dubai Metro stations naming rights deal
Jaffliya Station will be renamed Max Fashion while Al Rashdiya Station will be renamed Centrepoint under new agreement Source link
August 5, 2021 in Business News -
Mamedupi Matsipa’s passion for finance charted her career path
A passion for finance, investing, how businesses work and the drivers of various industries were behind Mamedupi Matsipa’s decision to switch from IT to a career path that has lead her to her current role as chief executive officer (CEO) of Ata Capital. Mamedupi Matsipa, CEO, Ata Capital “As a student, my career choices were
August 5, 2021 in Investments -
Why mental health is a luxury Lebanese can't afford
There’s little fuel, less electricity and medicine shortages have emerged; the foods in the supermarkets aren’t what they used to be. Add to that Covid-19 which has added further stress on a failed economy. The country, and those who reside in it, are in survival mode Source link
August 4, 2021 in Business News -
SA factory activity shrinks on unrest, Covid-19 restrictions
South African private sector activity fell at its fastest rate in 10 months in July as output tumbled in the wake of civil unrest in some parts of the country and tighter coronavirus lockdown restrictions, a survey showed on Wednesday. Source: Reuters/Mike Hutchings/File Photo IHS Markit’s Purchasing Managers’ Index (PMI) fell to 46.1 in July
August 4, 2021 in Manufacturing -
Potential hijack in the Gulf of Oman says UK maritime agency
A shipping incident in the Gulf of Oman, roughly halfway between Iran and the United Arab Emirates, has been upgraded to a “potential hijack” according to the U.K.’s UKMTO, which monitors shipping in the region. Source link
August 3, 2021 in Business News -
Women can, and should, occupy more space in FMCG
The ground is ripe for women in manufacturing to take charge and drive localisation by playing a meaningful role in the fast-moving consumer goods (FMCG) sector. Zahra and Nadia Rawjee, founders and directors, Uzenzele Holdings Capitalise on incentives According to niche capital raising consulting company, Uzenzele Holdings, women should take up more space in the
August 3, 2021 in Manufacturing -
Pension-backed lending: The good, the bad, and the ugly
Victor Bucarizza, GIB Financial Services Limited</span>Finance minister, Tito Mboweni, has expressed a desire to allow South Africans to make a withdrawal from their pension funds to provide relief for those whose finances are under pressure during these trying times. Mboweni said that this is proving to be a complex problem to solve if we are
August 3, 2021 in Investments -
Mozambique’s fossil fuel drive is entrenching poverty and conflict
A coal beacon hill mine in Tete. Joshua Kirshner, Author provided Nearly two weeks later, the army had managed to secure the town. Yet the French oil and gas firm Total had already called off the planned resumption of construction at its £14.4bn LNG project near Palma on the Afungi peninsula, and pulled all staff
August 3, 2021 in Energy -
Lonsa acquires majority stake in fibre cement manufacturer Everite
Lonsa Group Limited (Lonsa), a Mauritian principal investment entity investing in the energy, industrials, logistics and property sectors in Africa, has acquired majority and controlling shareholding in Everite for approximately R600m. Everite is an industrial manufacturer of a range of building products for the commercial, industrial and residential markets. The deal, which was effective 1
August 3, 2021 in Manufacturing -
Star Indian start-up founder Nikhil Kamath to woo cash-rich Gulf-based NRIs with new $200m India-focused fund
True Beacon II is to be launched next week and will have a minimum investment requirement of $1m Source link
August 3, 2021 in Business News -
Bahrain's Gulf Air ramps up Paris flights after green list ruling
National carrier to fly to French capital on daily basis after authorities add Bahrain to its green list of destinations Source link
August 2, 2021 in Business News -
Back to nature with Sonto Pooe’s NativeChild
Behind every braid or big afro there is a story to be told. For Sonto Pooe, it began at the tender age of 8 when she tried to braid her own hair after a cruel experience with a hairdresser who braided it too tightly, leaving her unable to sleep for days. Sonto Pooe, founder and
August 2, 2021 in Manufacturing -
DAFZA eyes post-Covid recovery following significant growth in sales revenues
Free zone recorded an 88.4% increase in the number of registered companies for first six months of 2021 Source link
August 2, 2021 in Business News -
Re: Inside Dubai Creek Harbour's hidden gem
European-style restaurant Mondoux offers delicious all-day dining in a picturesque setting Source link
August 1, 2021 in Business News -
Lagoon move leads to investor demand surge in Dubai project, says Azizi
Senior exec says the addition of a lagoon to its flagship Riviera project has become a major selling point to investors Source link
July 31, 2021 in Business News -
Tour de France winner commits to UAE Team Emirates until 2027
Tadej Pogacar has signed a contract to stay with UAE Team Emirates after winning second Tour de France Source link
July 31, 2021 in Business News -
Saudi Arabia set to reopen to foreign tourists from August 1
Minister of Tourism hails decision to reopen borders to international tourism after Covid-related suspension Source link
July 30, 2021 in Business News -
SimpliFine expands in Kenya with locally produced products
Kenyan integrated food producer, SimpliFine, is expanding across Kenya with new, locally-produced meat and vegetarian products. SimpliFine president Steven Carlyon with SimpliFine staff. | Source: Supplied SimpliFine’s new range of meat and vegetarian products, sourced directly from farmers, include frozen meats, prepared meal accompaniments and a range of ready-to-cook prepared meals. The food producer uses
July 30, 2021 in Manufacturing -
Investors are flocking to Mauritius. Here’s why
Best known for its exquisite white beaches and get-away-from-it-all lifestyle, Mauritius is about so much more these days. In fact, the island paradise is currently the highest ranked economy in sub-Saharan Africa, according to the World Bank’s Ease of Doing Index. And that’s in no small part because of key factors such as its sophisticated
July 30, 2021 in Property & Real Estate -
Sectional title industrial property: It makes good business sense for SMEs
You mean, stop renting? Yes. In the new post-pandemic world, factors like low interest rates, and the availability of smaller ‘micro-industrial’ spaces combine with industrial sector-specific variables – like high rental returns and longer average occupancy – to produce a very real investment opportunity for small and medium-sized enterprises: buy. What’s more, industrial property that
July 30, 2021 in Investments -
Dubai bourse sees H1 net profit halve despite rising tide of foreign investors
Dubai Financial Market chairman says foreign investors accounted for 69% of the new investors in H1 Source link
July 29, 2021 in Business News -
SA property, retail firms bet on townships despite unrest
Recent unrest in South Africa damaged hundreds of businesses but property developers and retailers say they remain committed to the fast-growing consumer markets of its predominantly Black townships. Members of a private security company at a looted shopping mall in Vosloorus, Gauteng, 14 July 2021. Reuters/Siphiwe Sibeko Riots broke out this month after former President
July 29, 2021 in Property & Real Estate -
Consumers encouraged to save during Savings Month
With South Africans having one of the lowest household savings ratios in the world, at just 0.6%, National Savings Month in July provides a great opportunity for South Africans to consider their saving habits and how they can save more. Savings Month was launched in 2001 by non-profit organisation, the South African Savings Institute (SASI).
July 29, 2021 in Investments -
JLL SA Q2 report reflects positive outlook for industrial, warehousing sector
According to JLL’s latest Q2 city report, South Africa’s corporate real estate sectors remain under pressure, partly due to the ongoing Covid-19 pandemic and resultant restrictions. Johannesburg Johannesburg’s office market is anticipated to remain in turbulent waters over the foreseeable future, with vacancy rates and rental levels expected to continue softening. Sustained real economic growth,
July 29, 2021 in Property & Real Estate -
Saudi Arabia to impose three-year international travel ban on citizens who visit 'red list' countries
Ban includes those who violated restrictions by visiting ‘green list’ states first as coronavirus continues to impact many countries worldwide Source link
July 29, 2021 in Business News -
Middle East air travel demand remains 80% below pre-pandemic levels
Latest IATA data shows Middle East airlines reported a small improvement in passenger demand in June compared to May Source link
July 28, 2021 in Business News -
Creecy calls for greater access to finance for low-carbon investment in emerging markets
With emerging markets requiring an estimated $3-4tn annually in low-carbon investments over the next 15 years, Minister of Forestry, Fisheries and the Environment Barbara Creecy has called on developed countries to ensure access to long-term, predictable, and affordable finance for developing countries. Source: Gallo/Getty The minister made these remarks during the Ministerial Climate Change meeting
July 28, 2021 in Investments -
World's deepest pool in Dubai opens to the public on Wednesday
Deep Dive Dubai announces that public bookings are now open online at deepdivedubai.com Source link
July 28, 2021 in Business News -
Saudi Arabia reveals sweet tooth with $9.3bn industry investment
Figures released by the Ministry of Industry and Mineral Resources reveal 1,066 sweets and chocolate factories across the kingdom Source link
July 27, 2021 in Business News -
Redefine lists R1bn sustainability-linked bond
Redefine Properties has listed a R1bn issuance on the JSE for its first sustainability-linked bond – the largest amount raised so far by a South African real estate investment trust (Reit) in the growing sustainability-linked bond space in the country. Redefine CEO Andrew Konig The funds will be used to refinance upcoming bond maturities which
July 27, 2021 in Property & Real Estate -
IZA proposes new zinc refinery in SA to meet local demand
According to Simon Norton fromt the Africa Desk of the International Zinc Association, South Africa needs a zinc refinery to assist with the vast quantities of galvanised steel likely to be taken up by the government’s ambitious infrastructure development plans. Skorpion zinc refinery in Namibia. Source: Supplied “If we intend to rebuild our water and
July 27, 2021 in Manufacturing -
The importance of mentorship in a founder's journey
Industry leaders need to utilise all available resources at their disposal to accelerate progress. Seeking support, working with others and asking for help are the most basic but the most important growth tools they could tap into Source link
July 26, 2021 in Business News -
Millions of Koo and Hugo’s canned veg products recalled
Tiger Brands is recalling certain Koo and Hugo’s canned vegetable products produced from 1 May 2019 to 5 May 2021 due to “an extremely small number” of defective cans supplied by a packaging supplier, the FMCG company said on Monday. Source: Tiger Brands The cans may have a defective side seam weld that could cause
July 26, 2021 in Manufacturing -
Former Lebanese leaders back Mikati for premier, NNA says
Talks set to take place between Lebanese President Michel Aoun and lawmakers to try to agree on a new prime minister-designate Source link
July 26, 2021 in Business News -
Saudi Arabian Grand Prix tickets on sale as organisers eye capacity crowds
Saudi Automobile & Motorcycle Federation has released 40% of tickets initially, with a plan to increase this up to full capacity in line with the global vaccine response Source link
July 25, 2021 in Business News -
Giant Dubai property project on track for 2025 completion, says developer
Sobha Realty says nearly 30% of flagship Sobha Hartland in Dubai has been sold to investors Source link
July 24, 2021 in Business News -
UAE firm bolsters Australian hospitality portfolio with Brisbane hotel
Ghassan Aboud Group says deal for Vincent Hotel makes it Australia’s largest independent owner of five-star hotels Source link
July 24, 2021 in Business News -
Emirates expects 'high demand' after launching Miami flights
Dubai airline says it is committed to expanding services to the US after launching 12th destination Source link
July 23, 2021 in Business News -
Distell expects up to 20% rise in full-year profits
Drinks maker Distell said on Friday its full-year profit would be up to around 20% higher than a year earlier, but a fourth ban on alcohol in its home market South Africa had cost it about R30m so far. Source: Three Ships Whisky Distell, in talks with Heineken over a possible buy-out, was hit hard
July 23, 2021 in Manufacturing -
Interest rate holds steady in face of economic instability
Following the recent wave of economic instability, the Monetary Policy Committee (MPC) announced that interest rates will remain stable at 3.5% (repo rate), with the prime lending rate then remaining at 7%. Adrian Goslett, regional director and CEO of Re/Max of Southern Africa This was a prudent decision, as many have entered the property market
July 23, 2021 in Property & Real Estate -
Steady repo rate positive news for home buyers
The Monetary Policy Committee has adopted an accommodative approach, says Dr Andrew Golding, chief executive of the Pam Golding Property group, keeping the repo rate steady at 3.5% and the prime lending rate remaining at 7%. This following the vulnerability of South Africa’s economy in the wake of the recent unrest. Dr Andrew Golding, chief
July 23, 2021 in Property & Real Estate -
Repo rate unchanged at 3.5%
The Monetary Policy Committee (MPC) agreed unanimously to leave the repo rate unchanged, opting to keep it at the current 3.5% per annum. Lesetja Kganyago, Sarb governor While domestic economy grew by 4.6% in the first quarter of 2021, the MPC estimated the unrest to have fully negated the better growth results from the first
July 23, 2021 in Investments -
Dubai developer Azizi on hiring spree as real estate demand rebounds
Azizi Developments says it is upsizing by recruiting more than 200 new staff to deal with growing number of enquiries in projects Source link
July 23, 2021 in Business News -
Judges announced for 2021 Sapin Investor of the Year Awards
The SA Property Investors Network (Sapin) has announced the lineup of judges for the 2021 Investor of the Year Awards. The third annual awards is being hosted at the Marriott Hotel in Sandton on 18 November, but can be attended virtually. Investor of the Year Award team. Source: Supplied “We are thrilled with the calibre
July 22, 2021 in Property & Real Estate -
crypto is the inevitable future.
Bitcoin will hit its previous all-time highs again by the end of the year with prices driven higher by the “carefully considered arguments” and “new measured tone” being put forward by the likes of Elon Musk, Jack Dorsey and Cathie Wood at the recent The B Word Conference Bitcoin surged as much as 10% on
July 22, 2021 in Investments -
Two Gulf-based airlines named in world's top five
A new global ranking by AirlineRatings.com names both Qatar Airways and Emirates in their top five, while Etihad was also included in the top 20. Source link
July 22, 2021 in Business News -
Balancing food safety with packaging sustainability
The tension between food safety in packaging on the one hand, and environmental protection on the other, is a longstanding dilemma that has been brought into sharper focus by Covid-19. This conflict was unpacked in Tetra Pak’s global research Tetra Pak Index 2020: Covid-19 and the Food Safety-Sustainability Dilemma undertaken in partnership with Ipsos. Tetra
July 22, 2021 in Manufacturing -
3 major trends in the commercial property space in Africa
The ongoing Covid-19 pandemic has seen three major trends emerge as drivers of investment in Africa’s commercial property space. Though this sector has certainly taken a big knock, and commercial office space is still slow to recover, we are seeing positive activity in light industrial property, data centres, healthcare and pharmaceuticals, and even in hospitality,
July 22, 2021 in Property & Real Estate -
LG aims for 100% renewable energy use by 2050
LG Electronics has pledged to transition completely to renewable energy by 2050 as a key component of its sustainability strategy. The announcement formed part of the new LG Electronics Sustainability Report and comes on top of the company’s earlier promise to achieve carbon neutrality by 2030 through the Zero Carbon 2030 initiative, in which LG
July 22, 2021 in Manufacturing -
Assets of Gulf's biggest sovereign wealth funds exceed $2trn
Four Gulf-based sovereign wealth funds have been included among the world’s top 10 in July Source link
July 21, 2021 in Business News -
Average Dubai property sales prices rise by more than a third in a year
Broker Allsopp & Allsopp says average values have jumped 35% to about $810,000 since Q2 2020 Source link
July 21, 2021 in Business News -
Top UK fintech Napier opens new office in Dubai amid global growth
Provider of advanced anti-financial crime compliance solutions announces expansion to Dubai International Financial Centre Source link
July 20, 2021 in Business News -
#BizTrends2021: The commercial property sector: Where to from here?
The Covid-19 pandemic disrupted the commercial real estate sector’s traditional value proposition – virtually overnight. The industry has answered the call for flexibility and innovative strategies, but the third wave of the Covid-19 pandemic coupled with calamitous riots, looting and subsequent damage to properties has key industry players asking: “where to from here?” John Jack,
July 20, 2021 in Property & Real Estate -
China’s clamps down on US listings, here’s what investors need to know
Global investors are reeling from China’s latest announcement to heighten restrictions on its US-listed companies, including the likes of Didi, Alibaba, Tencent and Bytedance. In a recent statement, the state council, which is constitutionally synonymous with the Central People’s Government, said the regulations governing the international listing system will change, while measures that limit cross-border
July 20, 2021 in Investments -
Ethiopia says second filling of giant dam on Blue Nile complete
Ethiopia has completed filling the reservoir of its huge dam on the Blue Nile river for a second year and the plant may start generating power in the next few months, a minister said on Monday, 19 July, a move that has already angered Egypt and Sudan. Ethiopia’s Grand Renaissance Dam is seen as it
July 20, 2021 in Energy -
NCC warns against inflated prices for essential goods
The National Consumer Commission (NCC) has sent a strong message discouraging suppliers from inflating prices of essential items amid the unrest that engulfed the country the past few days. Source: Getty According to the NCC, these are the goods listed under Consumer and Customer Protection and National Disaster Management Regulations and Directions, issued in terms
July 20, 2021 in Manufacturing -
One year on, the success of the Emirates Mars Mission explained
Project director Omran Sharaf says confidence in Hope Probe is going from strength to strength Source link
July 19, 2021 in Business News -
Toyota might stop investing in South Africa after KZN violence
Toyota said it’s unsure about continuing investment in KwaZulu-Natal and the country and that it’s worried about the violence in the province. Toyota’s regional officer for Africa, Toshimitsu Imai, expressed his concerns to eThekwini mayor Mxolisi Kaunda in a letter, according to a Netwerk24 report. The authenticity of the letter was confirmed by Mzolisi Witbooi,
July 19, 2021 in Manufacturing -
Bahrain-GCC trade continues recovery after pandemic
Trade between Saudi Arabia and Bahrain accounted for around half of total Bahrain-GCC trade, at $781 million Source link
July 19, 2021 in Business News -
Why the UAE is 'ahead of the curve' in sustainability
The country is leading the region when it comes to food security but its recycling industry is still emerging, said PepsiCo regional executive Source link
July 18, 2021 in Business News -
Dubai healthcare shake-up as ruler issues law to raise global status
Establishment of Dubai Academic Health Corporation is part of the broader strategy to strengthen the knowledge economy Source link
July 18, 2021 in Business News -
Kuwait's credit rating cut for second time in two years by S&P
Ratings agency says fall in oil revenue and increased spending has pressured the Gulf nation’s fiscal outlook Source link
July 17, 2021 in Business News -
Abu Dhabi to bring in new Covid capacity limits for retail, tourism businesses
Abu Dhabi Emergency, Crisis and Disasters Committee says new restrictions will come into force from Monday Source link
July 16, 2021 in Business News -
Banning fossil fuels in sub-Saharan Africa could slow the transition to renewable energy
Electricity is vital for improving the quality of life of many in rural sub-Saharan Africa.Source: USAID_images/Flickr Take sub-Saharan Africa’s energy systems, which are currently patchy and often unreliable. Many countries’ reliance on fossil fuels has led policymakers to suggest that fossil fuel systems should either be banned or indirectly discouraged through imposing a carbon tax.
July 16, 2021 in Energy -
Operation ‘rebuild and restock’ underway as unrest wanes
The intensity and frequency of riots eased on Thursday, and businesses and residents are in the throes of repairing the damage to property and clearing the debris that has resulted from days of looting, arson and vandalism in KwaZulu-Natal and parts of Gauteng. A screen grab taken from a video shows the damage inside a
July 16, 2021 in Manufacturing -
Standard Bank set to buy out Liberty
Standard Bank is planning to buy up the 46% of shares in Liberty it does not already own, to take full ownership of the insurance company. Liberty offers life insurance, asset management, investment, and health products to more than one-million clients across Africa., while Standard Bank is Africa’s biggest lender in terms of assets at
July 16, 2021 in Investments -
Lebanon's fate hangs in balance as Hariri decides future
He submitted a draft lineup of ministers the day before to President Michel Aoun, a Maronite Christian, in what seemed to be his last attempt to reach an agreement Source link
July 16, 2021 in Business News -
Saudi sovereign fund PIF completes $140m deal for stake in port terminal
Public Investment Fund, Cosco Shipping each acquire 20% stake in Red Sea Gateway Terminal Limited Source link
July 15, 2021 in Business News -
Property winners and losers may shift in second half of the year
The last 18 months have seen some clear winners and losers in the property industry. However, things may not stay the same in the next six months, especially if we experience an extended period of high levels of Covid infections and even more shutdowns. Gary Palmer, CEO of Paragon Lending Solutions Residential property The big
July 15, 2021 in Property & Real Estate -
UAE's Air Arabia inks deal to launch new national carrier in Armenia
New Armenian airline will operate as a low-cost passenger airline under similar model used by Air Arabia Source link
July 14, 2021 in Business News -
Decentralised finance may be the panacea for filling Africa’s investment gap
African countries continue to face substantial financing gaps as they take on projects of all sizes in pursuit of development. To tackle the slowdown in foreign direct investment since the onset of the pandemic, some African countries are actively courting their diaspora and looking for pockets of cash-rich businesses around the continent. Each country is
July 14, 2021 in Investments -
South African rand, bonds under pressure amid violence
South Africa’s rand was hovering around three-month lows in early trade on Wednesday, as the country prepared for what could be another day of unrest linked in part to anger over poverty and economic inequality. South African Rand coins are seen in this illustration picture taken 30 October, 2020. Reuters/Mike Hutchings/Illustration The continent’s most industrialised
July 14, 2021 in Investments -
Effective property finance in a post-Covid-19 Africa requires a new approach to capital structuring
One of the significant impacts that Covid-19 and the global lockdowns have had on the international property markets is a fundamental shift in the financing needs of property developers and investors. Before Covid-19, the priority of the vast majority of borrowers was to reduce the cost of capital. Typically, this involved maximising the debt component
July 14, 2021 in Property & Real Estate -
Crowdfunding: Advantages and disadvantages in a post-Covid world
Given the dire straits the pandemic has created for many SMEs, it could be that crowdfunding provides a vital business lifeline beyond government and bank loans, handouts and support schemes – many of which are now drying up Source link
July 14, 2021 in Business News -
LG factory in Durban looted and set alight
LG Electronics has said in a statement that its South African factory in Durban has been looted and burned down as part of protest action. According to the Korean embassy in South Africa, roughly 90 rioters broke into the factory in Cornubia, north of Durban, at 1am on 12 July to steal appliances made at
July 14, 2021 in Manufacturing -
ESG investment: What does good look like?
Mamedupi Matsipa, CEO, Ata Capital</span>While most private equity managers undertake investments on the premise of adding value to the companies in which they invest, they should not only consider ways to improve their portfolio company’s environmental, social and governance (ESG) or green credentials, but also ensure that their investments reduce harm in the long term.
July 14, 2021 in Investments -
Emirates launches first coders club as the UAE seeks to lead digital revolution
EK Koders, created by the National Program for Coders in collaboration with the Emirates Group, is part of plan to attract and train more than 100,000 coders Source link
July 13, 2021 in Business News -
No quick recovery expected for the commercial real estate sector
Commercial tenants showed signs of recovery in the first quarter of 2021, mirroring the better-than-expected GDP figures revealed for the same period by Statistics South Africa. A recovery in the commercial real estate sector relies heavily on business recovery. Constraints to business productivity, including the continued work-from-home trend, has had a significant impact on the
July 13, 2021 in Property & Real Estate -
Tunisian garment workers fight for unpaid wages in pandemic’s shadow
Racking up debts and running out of options, Tunisian seamstress Najeh is pinning her hopes on her employer’s promise to pay four months of overdue wages in August. Source: Reuters/Siphiwe Sibeko/File Photo The 44-year-old, who declined to give her last name for fear of reprisals, is the main breadwinner in her household and has been
July 13, 2021 in Manufacturing -
$530m roads projects launched to shorten UAE travel times
Sheikh Mohammed inaugurates series of new road networks and development projects Source link
July 13, 2021 in Business News -
Interesting indices: Should you invest in tech?
Source: Image supplied</span>In 2020, big tech companies like Amazon, Apple, Google, several big gaming companies and Facebook skyrocketed in value – largely due to Covid-19. Read more… | Send to a friend Source link
July 12, 2021 in Investments -
SA manufacturing production up 35.3% in May
South African manufacturing production increased by 35.3% in May 2021 compared with May 2020. Workers sort avocados at a farm factory in Nelspruit in Mpumalanga province, about 82 km north of the Swaziland border, South Africa. Source: Reuters/Siphiwe Sibeko The largest contributions were made by the following divisions: • motor vehicles, parts and accessories and
July 12, 2021 in Manufacturing -
Business 101: Relationships and the art of the deal-maker
Relationships, from matchmaking to dating, and business investments are almost the same, says Kris Ankem, director and CTO of the Office of Sheikh Ahmed Bin Obaid Al Maktoum Source link
July 12, 2021 in Business News -
What architects need to see in manufacturers’ architectural specifications
According to Morag Evans, CEO of BuildConnect, a division of Databuild, manufacturers that fail to improve the quality of architectural specifications provided online, risk not being specified in architects’ projects. Source: Supplied “As the construction industry claws its way back to recovery, architects are under immense pressure to source building materials and products for their
July 12, 2021 in Manufacturing -
UAE's digital strategy ramps up as it partners with tech giants
Google, Microsoft, Amazon, Cisco, IBM, HPE, LinkedIn, Nvidia and Facebook, plus homegrown successes such as Emirates NBD and Dubai World Trade Centre, are among the names supporting the National Program for Coders which aims to train and attract up to 100,000 programmers. Source link
July 11, 2021 in Business News -
Dubai real estate: Short-term lets, long-term rewards
How the rental market in Dubai is moving towards a short-term, on-demand model – and what that could mean for investors Source link
July 10, 2021 in Business News -
Saudi Arabia looks to UK to 'share tourism experiences' for kingdom's megaprojects
Kingdom is seeking global personnel and investment for its huge pipeline of megaprojects, say experts Source link
July 9, 2021 in Business News -
Space-as-a-service: Thinking differently about industrial real estate
Space-as-a-service (SPaaS) – that complete paradigm shift in how the real estate industry provides value-adding products and services to tenants – is most commonly associated with retail, commercial and, to an extent, residential property. But I like to think about how it applies to what author Dror Poleg, in his book Rethinking Real Estate, refers
July 9, 2021 in Investments -
UN Security Council backs AU bid to broker Ethiopia dam deal
UN Security Council members on Thursday, 8 July, backed African Union mediation efforts between Ethiopia, Egypt and Sudan in a dispute over the operation of a giant hydropower dam on the Blue Nile in Ethiopia, urging the parties to resume talks. The Blue Nile sets the border between Amhara and Oromia regions in Ethiopia. By
July 9, 2021 in Energy -
Why Middle East countries using Chinese, Astra shots are increasingly eyeing boosters
Officials are being motivated by concerns that delta and other variants appear to be breaking down defences of vaccines not made from the super-effective messenger RNA technology, or mRNA Source link
July 9, 2021 in Business News -
European demand driving Dubai real estate's upward trajectory
Property prices reached $251.6 per sqft in June, the highest recorded in two years, mainly for completed villas in traditionally sought-after communities Source link
July 8, 2021 in Business News -
Tunisia pushing UN action on Ethiopia dam, Ethiopia opposed
Tunisia has proposed the UN Security Council push for a binding agreement between Ethiopia, Sudan and Egypt on the operation of a giant hydropower dam within six months, according to a draft resolution seen by Reuters on Wednesday, 7 July. Ethiopia’s Grand Renaissance Dam is seen as it undergoes construction work on the river Nile
July 8, 2021 in Energy -
Emirates named most recommended brand in UAE, according to YouGov survey
Dubai-based carrier was rated number one with a score of 91.4 percent, ahead of iPhone (89.4 percent), Adidas (88.8 percent), Nike (86.9 percent) and fellow UAE airline Etihad Airways taking fifth spot (86.3 percent) Source link
July 8, 2021 in Business News -
Why Zoom in the Middle East remains in focus despite office return
Global results for the first quarter of the year – Zoom is unable to provide regional breakdowns – revealed total revenues of $956.2m, up 191% year-on-year Source link
July 7, 2021 in Business News -
UN urges Ethiopia, Egypt and Sudan to recommit to dam talks
The United Nations called on Ethiopia, Sudan and Egypt on Tuesday, 6 July, to recommit to talks on the operation of a giant hydropower dam, urging them to avoid any unilateral action, a day after Ethiopia began filling the dam’s reservoir. The Blue Nile River is seen as the Grand Ethiopian Renaissance Dam reservoir fills
July 7, 2021 in Energy -
Nedbank IMC speaker Khensani Nobanda
Khensani Nobanda, group executive Marketing and Corporate Affairs at Nedbank (the IMC’s naming sponsor) is going to be in conversation with group CEO Mike Brown, discussing how to ensure your CEO doesn’t see marketing as an indecent proposal. “I think it’s a key topic because a lot of times marketing is looked at as a
July 7, 2021 in Investments -
Crown Prince says Dubai tourism rebound is 'gathering pace' in 2021
Latest figures show Dubai attracted 3.7m tourists since the city reopened its borders to international visitors a year ago Source link
July 6, 2021 in Business News -
Impact investing’s growing attraction
The principles of environmental, social and governance (ESG) investing are capturing the growing attention of mainstream investors who are seeking attractive returns but also a new social contract with all stakeholders. This is contributing to the significant increase in flows out of traditional equity funds, and into ESG-focused funds. Assets in sustainable funds globally hit
July 6, 2021 in Investments -
Commercial property buying/selling markets substantially oversupplied
We continue with the second quarter 2021 results of our FNB Commercial Property Broker Survey, which surveys a sample of commercial property brokers in and around the six major metros of South Africa, namely, City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay. Given FNB Commercial Property
July 6, 2021 in Property & Real Estate -
Egypt notified that Ethiopia has resumed filling of giant dam
Egypt’s irrigation minister said on Monday, 5 July, he had received official notice from Ethiopia that it had begun filling the reservoir behind its giant hydropower dam, the Grand Ethiopian Renaissance Dam (GERD), for a second year. Ethiopia’s Grand Renaissance Dam is seen as it undergoes construction work on the river Nile in Guba Woreda,
July 6, 2021 in Energy -
Botswana issues licence for first large scale solar power plant
The Botswana energy regulator has granted a generation licence for a 100MW solar project to local firm Shumba Energy, a company executive said on Monday, making it the first independent power producer to set up a large scale solar plant in the country. A solar plant is seen in Uyayna, north of Riyadh, Saudi Arabia
July 6, 2021 in Energy -
Saudi Aramco appoints ex-HSBC CEO Stuart Gulliver to board
HSBC was the only international adviser to hold a senior role on Aramco’s 2019 initial public offering, the world’s largest Source link
July 6, 2021 in Business News -
Saudi Arabia says to add tariffs on imports from GCC free zones, Israel
Decree issued as Saudi Arabia increases pressure on international firms to shift their Middle East hubs to the kingdom Source link
July 5, 2021 in Business News -
Inflation: a concern or opportunity?
For many years prior to 2020, the word “inflation” was less prevalent in investment vocabularies. However, it is one of the words most bandied about in markets. For some investors it is a concern, and for others it represents an opportunity. In the short term, economic indicators, both globally and in SA, are showing price
July 5, 2021 in Investments -
Must companies offering financial assistance register as a credit provider?
Is a company that provides a loan to a person to buy shares in that company required to register as a credit provider in terms of the National Credit Act 34 of 2005 (NCA)? Darryl Furman, director, Fluxmans In considering the answer one must have reference to both the NCA and the Companies Act 71
July 5, 2021 in Investments -
UAE approves use of Moderna coronavirus vaccine: reports
Ministry of Health and Prevention has approved of the vaccine’s emergency registration after clinical trials Source link
July 4, 2021 in Business News -
OPEC+ fails to reach output deal with talks kicked to Monday
Talks ended without a deal to increase output after the United Arab Emirates stuck to demands for better terms Source link
July 4, 2021 in Business News -
Oman's tourism arm appoints Barcelo Hotel Group to run all-inclusive resort
Oman Tourism Development Company says it aims to re-position Al Mussanah as an all-inclusive family destination Source link
July 3, 2021 in Business News -
How Dubai attraction is providing 'global' platform for start-ups
CEO of Global Village believes venue is an ideal incubator for new businesses and companies looking to enter the emirate, the country and the region Source link
July 3, 2021 in Business News -
Dubai chases 100,000 business leaders to maximise Expo 2020 impact
Newly formed board of Dubai Chamber of Commerce has adopted a 90-day plan to drive business growth in the emirate Source link
July 2, 2021 in Business News -
Emira Property Fund raises R805m sustainability-linked debt financing
Emira Property Fund has listed a new unsecured three-year R380m sustainability-linked bond as part of its DMTN programme. The Reit worked with investors to incorporate sustainability targets into the terms of the note. On that basis, the issue received more demand than could be executed. The oversubscribed issue, arranged by RMB, attracted five investors, and
July 2, 2021 in Property & Real Estate -
UN Security Council likely to meet next week on Ethiopia dam
The United Nations Security Council will likely meet next week to discuss a dispute between Sudan, Ethiopia and Egypt over a giant dam built by Ethiopia on the Blue Nile, French UN ambassador Nicolas de Riviere said on Thursday, 1 July. Ethiopia’s Grand Renaissance Dam is seen as it undergoes construction work on the river
July 2, 2021 in Energy -
Emaar teams up with supercar maker Lamborghini to offer luxury Dubai villas
Purchasers of the cluster of 40 luxury villas can enjoy upscale design inspired by Automobili Lamborghini Source link
July 1, 2021 in Business News -
Absa PMI expands at slower rate in June
South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) expanded at a slower rate in June as growth in sales orders and business activity slowed, a survey showed on Thursday. Source: Getty The index, a gauge of manufacturing activity in Africa’s most industrialised economy, fell slightly to 57.4 points in June from 57.8 points in May,
July 1, 2021 in Manufacturing -
Bongumusa Makhathini to lead Empowerment Capital as CEO
A Harvard Business School graduate and current chairman of the SABC Board, Bongumusa Makhathini has held several directorships, including at SA Breweries (director of Corporate Affairs & Transformation), British American Tobacco (director of Legal & External Affairs) and African Commercial Diplomacy Consulting (managing director). Bongumusa Makhathini, Empowerment Capital Investment Partners’ first CEO Makhathini has been
July 1, 2021 in Investments -
India's latest flight ban extension labelled 'shocking' by leading travel official
Directorate General of Civil Aviation announced the extension until July 31 in a circular on Wednesday Source link
July 1, 2021 in Business News -
How Dubai aims to become major hub for global digital economy
UAE’s Minister of State for Artificial Intelligence is named chair of the new Dubai Chamber of Digital Economy Source link
June 30, 2021 in Business News -
Dubai's new official crowdfunding platform scores first successes
Dubai Next, launched by Crown Prince Sheikh Hamdan last month, helps to secure funding for start-ups Source link
June 29, 2021 in Business News -
New UAE initiatives drive economic growth, support family-owned businesses, start-ups, SMEs
Among the new initiatives are the Skill-Up Academy for entrepreneurs, the Scale-Up platform for start-ups looking to grow, and the Grow in UAE web portal that will provide information about policies and investment in the UAE Source link
June 29, 2021 in Business News -
Volkswagen to launch electric vehicles in region in 'two-or-three years'
German car manufacturer has previously said it plans to invest around $19bn in future trends such as ‘e-mobility, hybridisation and digitalisation’ by 2025 Source link
June 28, 2021 in Business News -
6 savvy money tips when you start your first job
When you’re young and just started working, your financial planning is the furthest thing on your mind, but the biggest lesson you can learn as you start out on your journey is don’t get trapped in living from pay cheque to pay cheque, rather work smart with your money. “Debt can be healthy and unhealthy.
June 28, 2021 in Investments -
What is PrimeXBT? All about the award-winning broker
The crypto market is brimming with competition – companies and corporations everywhere are seeking a piece of the emerging asset class and nascent technology. In no sector is competition more fierce than in the realm of trading platforms, each offering more interesting and compelling selling points than the next. Few of these platforms, however, have
June 28, 2021 in Investments -
Inospace’s latest acquisition set to become a micro-logistics and distribution park
Inospace, the South African business park specialist, has acquired a new multi-let industrial property in Cape Town’s northern suburbs. The property is Inospace’s fifth acquisition this year. The 8,005m² property in Peerless Park, Kraaifontien is currently leased to 22 small and medium-sized companies and will be renamed Peer Works. It will become the company’s 18th
June 28, 2021 in Investments -
Sudan rejects Ethiopian plan to fill giant dam a second time
Sudan has rejected an Ethiopian proposal to manage the filling for a second time of a giant dam that it is building on the Blue Nile, a senior official said on Sunday, 27 June, deepening a regional dispute over the project. Ethiopia’s Grand Renaissance Dam is seen as it undergoes construction work on the river
June 28, 2021 in Energy -
Binomo platform review and step-by-step trading guide
You have most likely come across Binomo in South Africa. This article will review a website and an app replying to the question: How does Binomo work? to help you make a wise decision regarding whether to proceed. You can use this guide to get started. Some beginners may ask “How to play Binomo?”, but
June 28, 2021 in Investments -
Emaar Properties' outlook revised to stable from negative amidst Dubai premium property boom
S&P Global Ratings also affirmed its BB+ long-term issuer credit ratings for the company and its subsidiary Emaar Malls PJSC Source link
June 28, 2021 in Business News -
Dubai-based online glasses retailer eyewa raises $21m
Eyewa has a presence in the UAE, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain Source link
June 27, 2021 in Business News -
Dubai restructures business chambers to lead 'economic transformation'
Ruler Sheikh Mohammed bin Rashid Al Maktoum announces move to create new entities for commerce, digital economy and international trade Source link
June 26, 2021 in Business News -
UAE remains on UK travel red list, quashing hopes of air route revival
No Middle Eastern countries are added to Britain’s quarantine-free travel list in latest blow to regional tourism industry Source link
June 26, 2021 in Business News -
When are electronic signatures binding on sale of property agreements?
Rapid advances in technology, as well as more people working remotely and avoiding face-to-face meetings, has resulted in an increase in documents being signed electronically. When it comes to the signature of agreements of sale for immovable property, people are well advised to be cautious before putting their pens aside and embracing the various applications
June 25, 2021 in Property & Real Estate -
Bank of Sharjah to deliver $27m bonus share issue after 'resilient' 2020
Bank’s chairman says move is a ‘firm endorsement’ of strong underlying profitability and operational performance Source link
June 25, 2021 in Business News -
Mercedes-Benz invests R3bn into South African manufacturing plant
Mercedes-Benz Cars has a announced a R3bn investment into the Mercedes-Benz East London plant. This comes after the car manufacturer made a R10bn investment into the same plant in 2018. Jörg Burzer, a member of the Mercedes-Benz Cars board, said: “South Africa is an important location in our global Mercedes-Benz production network. The team in
June 25, 2021 in Manufacturing -
Why a competitive local fashion industry needs the creativity of designers
The creativity of fashion designers is a valuable resource that must be nurtured if African countries are to grow their fashion industries into competitive global players. This was the impassioned message from Lucilla Booyzen, CEO of SA Fashion Week, during a recent Fashionomics Africa webinar titled Textile and Fashion Value Chains: Opportunities for the Private
June 25, 2021 in Manufacturing -
5 questions to ask when looking for a contract manufacturer
More and more small and medium business owners in South Africa are looking to develop bespoke brands in consumer product lines such as health and beauty as a way of creating value and differentiating themselves in a competitive market. They are answering the call from consumers for unique products that offer alternatives to the international
June 25, 2021 in Manufacturing -
Deutsche Bank partners with Oracle to accelerate technology modernisation
Deutsche Bank selects Oracle Exadata Cloud@Customer to consolidate key databases in its selected data centres. The innovation partnership aims to modernise Deutsche Bank’s mission-critical databases and enable new financial products and services Source link
June 24, 2021 in Business News -
Highest electricity price increase of last decade
As South Africans, we’ve become rather accustomed to the prices of just about everything going up on an annual basis. Electricity is no different. With Eskom, South Africa’s national energy provider, facing various challenges which look set to continue for the foreseeable future, 2021 will see the highest electricity price increase of the last decade.
June 24, 2021 in Property & Real Estate -
What questions should you ask before buying a business?
When you’re looking to buy a business, there are a number of considerations to make before you commit. Ascertaining any red flags when buying a business can be done by having specific business-related questions answered. These questions revolve around financial, legal, and operational factors, as well as assets. This will help give you insight into
June 24, 2021 in Investments -
SIU granted order to freeze bank accounts of Digital Vibes
The Special Investigating Unit (SIU) has been granted a preservation order to freeze approximately R22m held in bank and investment accounts linked to Digital Vibes (Pty) Ltd. The order was granted on 17 June 2021 by the Special Tribunal. This is as part of taking action against those implicated in corruption, maladministration and malpractice, in
June 24, 2021 in Investments -
UK travel industry protests, as Britain loses $132.6m on UAE route in one week
British tourism bodies up in arms as government continues to limit global travel, putting millions of livelihoods at risk Source link
June 24, 2021 in Business News -
Kuwait's $134bn pension fund has record gain in turnaround
Fund recorded 20.9% growth in assets in the year ended March 31 Source link
June 23, 2021 in Business News -
What to look for when selecting a real estate agent
Property investment is a costly affair, so one should take as much care in selecting the right sales or rental agent as one would choosing a babysitter. Source: Supplied The Rawson Property Group’s regional sales and commercial manager, Craig Mott, and national rentals manager, Jacqui Savage, share their advice on the attributes you should be
June 23, 2021 in Property & Real Estate -
Saudi Arabia extends Covid loan support for small businesses
Deferred Payment Program has already impacted $45bn of payments since it began in March 2020 Source link
June 23, 2021 in Business News -
Multinationals don’t approach investing in Africa the same way: the differences matter
But, in reality, how do multinationals respond both to global norms and diverse local expectations? This is especially salient in some African contexts. Many governments have developed empowerment regulations to increase the participation of local people in the economy. The aim has been to address the legacy of colonial policies that excluded citizens from controlling
June 22, 2021 in Investments -
Discovery Invest announces new investment solution in partnership with Goldman Sachs Asset Management
In this changing world, trends are emerging that are set to transform investment markets globally… Discovery Invest has partnered with Goldman Sachs Asset Management, to introduce a new investment opportunity giving access to a range of thematic equity portfolios designed to give exposure to global megatrends. The Discovery Global Megatrends Fund is available on both
June 22, 2021 in Investments -
Go to Sleep: The first step towards physical and mental health
The benefits of healthy sleep are numerous: a longer life, improved memory and increased creativity, physical health and weight control Source link
June 22, 2021 in Business News -
SA suppliers reap rewards of Massmart’s localisation journey
Massmart, the owner of Makro, Game and Builders Warehouse, says its localisation focus is bearing fruit with visible benefits being experienced by both the group as well as an increasing number of local suppliers. During the past nine months, the group, in partnership with the Department of Trade Industry and Competition (DTIC), has reviewed its
June 22, 2021 in Manufacturing -
AB Talks: Why citizenship by investment is becoming increasingly popular
Scott Armstrong, editor-in-chief, will be joined by experts to discuss how alternative citizenships offer invaluable opportunities to high net worth individuals to travel freely, gain access to better tax jurisdictions and explore new investment opportunities Source link
June 21, 2021 in Business News -
Steady interest rate sees bond applications continue to climb
The current record-low interest rate has sparked activity from buyers across all price bands, with one mortage originator seeing an almost 60% increase in bond applications for May, when compared year-on-year. Source: © Susan Richey-Schmitz – 123RF.com This growth is significant, as it compares favourably with the massive uptick in bond applications seen this time
June 21, 2021 in Property & Real Estate -
MENA mergers and acquisitions expected to accelerate post-pandemic
The pandemic has forced many companies to restructure, and the trend is likely to continue as consolidation occurs across sectors Source link
June 21, 2021 in Business News -
How Kuwait's $600 billion wealth fund got caught in political crossfire
The Kuwait Investment Authority, the world’s oldest state investment vehicle, has been in limbo since its board’s tenure expired two months ago Source link
June 20, 2021 in Business News -
Deyaar Facilities Management's CEO named FM executive of the year
Under Mohamad Abou Laban the Deyaar FM staff accommodation was upgraded and moved to Al Quoz, reflecting on a higher staff retention and satisfaction Source link
June 19, 2021 in Business News -
UAE's medical device market set to grow to $1.5bn by 2025 on tech advances
New research highlights annual compound growth rate of 4.4% over five years Source link
June 19, 2021 in Business News -
Abu Dhabi suspends green pass system, use of Alhosn app
The crash was caused by a surge in new subscriptions after Abu Dhabi implemented its green pass system that relies on the use of the app to enter shops, malls, events and other facilities Source link
June 18, 2021 in Business News -
Where to next? The case for crypto-asset regulation just got bigger
The alleged loss of some $3.6bn Bitcoin through Africrypt investment company brings home just how risky this asset class truly is. Such incredible loss, though unfortunately not yet falling under the Financial Services Conduct Authority’s (FSCA’s) direct responsibility is likely to impact the velocity of crypto-asset regulatory development. The recent announcement by the Intergovernmental Fintech
June 18, 2021 in Investments -
Bahrain's Batelco said to mull dual listing in Saudi Arabia
Sources say Batelco has hired the investment arm of Samba Financial Group as an adviser on the deal Source link
June 18, 2021 in Business News -
Summer subscription offer: Unlock exclusive Arabian Business content, get a complimentary beverage holder
When you subscribe, you’ll also gain access to exclusive columns from globally renowned writers and thought leaders and stream “On Demand” footage from our market leading AB Forums. Source link
June 17, 2021 in Business News -
Colossal Concrete Products acquires Aveng Infraset’s Brakpan, De Aar plants
In a partnership branded Colossal Concrete Products, Mahuma Investment Holdings (MIH) and Randvest Capital Investments, along with two other investors, have acquired Aveng Infraset’s Brakpan and De Aar facilities. Colossal Concrete Products CEO Gwen Mahuma “Following a professional, smooth and synergistic transaction with Aveng, which is effective from June 1, the two precast concrete facilities
June 17, 2021 in Manufacturing -
Gulf IPO activity disappoints in Q1 as global markets hit 20-year high
Middle East and North Africa sees just three IPOs raising $294.8m during the first quarter of 2021, down 64% on Q1 2020 Source link
June 16, 2021 in Business News -
How the UAE aims to deliver personalised healthcare for Emiratis
Sheikh Mohammed approves the formation of the board of the Emirati Genome Program Source link
June 16, 2021 in Business News -
Australia’s Fortescue in talks on giant Congo hydro project
Australia’s Fortescue Metals Group said on Tuesday, 15 June, it was in talks with the Democratic Republic of Congo’s government to develop a hydroelectric power project that could become the largest in the world. Grand Inga 3. Photo: Congo Research Group The discussions concern exclusive rights for Fortescue’s green energy unit to develop the more
June 15, 2021 in Energy -
IT could hold back digital innovation at UAE organisations
Empowering ‘citizen developers’ to lead innovation will enable UAE organisations to effectively overcome technical skills shortages and reduce time to market for new digital services Source link
June 15, 2021 in Business News -
Sectional title becoming most popular choice for Sandton home buyers
According to recent data from Lightstone Property, sectional title properties are becoming the segment of choice for home buyers in Sandton. Estate and sectional title stocks in Sandton have soared since 1994, during which time sectional title accounted for 41% of newly developed properties and the majority were released in Paulshof. In 2020, sectional title
June 15, 2021 in Property & Real Estate -
A preservation ‘revival’ will supercharge South Africa’s retirement outcomes
South Africa’s retirement outcomes will improve radically if all retirement funding contributions are kept invested when fund members change jobs. Other quick wins include increasing the minimum government pension; delaying the government retirement age beyond 60 years; and refocusing the industry from saving a lump sum at retirement to providing a sustainable income in retirement.
June 15, 2021 in Investments -
Exclusive-Galp to hold off on LNG investment until Mozambique ensures security
Portugal’s Galp Energia , a partner in an Exxon Mobil-led gas consortium in Mozambique, will not invest in onshore plants there until authorities guarantee security and social stability, which may take time, CEO Andy Brown told Reuters. A Galp Energia refinery is seen near Sines, file. Reuters/Rafael Marchante This marks a second setback to Mozambique’s
June 15, 2021 in Investments -
Dubai's Shuaa Capital set to go digital with new wealth platform
The platform, managed by newly appointed chief digital officer Hadi Raad, seizes a market opportunity in millennials and regional HNWIs Source link
June 14, 2021 in Business News -
PIC not funding SAA 51% stake takeover
The Public Investment Corporation (PIC) has confirmed that it is not funding the 51% stake acquisition in South African Airways (SAA). The confirmation comes after media reports and comments over the weekend suggested that PIC funds will be used for the acquisition of the stake by Takatso Consortium. “The PIC is not involved in this
June 14, 2021 in Investments -
SA signs plan to revive steel industry
South Africa has signed a plan that aims to revive the local steel industry and boost output, the Department of Trade, Industry and Competition said on Sunday, 13 June. A worker cuts through steel at the Southern African Shipyards in Durban. Reuters/Rogan Ward The master plan for the steel and metal fabrication sector – an
June 14, 2021 in Manufacturing -
5 reasons why now may be the time for homeowners to sell
The residential property market inevitably moves through cycles and homeowners are always wanting to know if now is the right time to sell and move or not. There are a number of reasons why now may be the right time for sellers to list their properties. 1. The market is slowly shifting The residential property
June 14, 2021 in Property & Real Estate -
TUHF launches Sustainable Bond Framework, first social bonds
TUHF, with the assistance of Standard Bank, has launched its Sustainable Bond Framework and first social bonds. TUHF is a non-bank financial services company that borrows money from the capital markets and invests it in inner-city areas, extending finance to small scale property entrepreneurs who want to grow their rental businesses. In particular, TUHF targets
June 11, 2021 in Property & Real Estate -
Post-pandemic warehousing goes digital in 2021
The global Covid-19 pandemic has altered how manufacturers view warehousing and distribution. Global lockdown caused demand and supply shock waves to ripple around the globe and shift at lightning speed as consumers were forced to swap in-store purchases to online shopping. In spite of the enduring crisis, a silver lining seems to be emerging. Recent
June 10, 2021 in Manufacturing -
Funding provided, 0% interest for investments in SilverLeaf
Time is running out to invest in the fastest growing industry on the planet, with the section 12J tax investment incentive, which ends on the 30 June 2021. “Astute investors still have an opportunity to invest in a brand new asset class, behind a solid management team, with super high investment returns and a remarkable
June 10, 2021 in Investments -
Here's what you can learn at Salesforce Live: Middle East
The cloud-based software firm has gathered together thought leaders to discuss how digital transformation, smart data and tech-driven innovation can help businesses level up in a post-pandemic world Source link
June 10, 2021 in Business News -
Aquasky’s Brendan Williamson on extracting water from the clear blue sky
Necessity breeds innovation, and this was certainly the case during Cape Town’s 2017/18 drought when dam levels reached alarming levels. The city was brimming with ideas and possible solutions from all spheres on how to avoid Day Zero – the day household taps would run dry. This is where Aquasky’s startup story begins – a
June 10, 2021 in Manufacturing -
North West govt intervenes in Clover factory closure
North West Premier, Prof Tebogo Job Mokgoro, has dispatched a team to meet the management of Clover in an effort to halt the looming relocation of the company to Durban and save jobs. The team, led by the MEC for Agriculture and Rural Development, Desbo Mohono, visited the factory on Tuesday. Clover recently announced that
June 10, 2021 in Manufacturing -
FNB’s Nicholas Riemer is passionate about financial education
Sharing knowledge that helps people make better investment decisions is a huge reward factor for Nicholas Riemer. The 31-year-old heads the investment education space within FNB Wealth and Investments, and lectures on certain financial topics to UJ, Monash as well as the South African Institute of Chartered Accountants (Saica) board courses when time permits. Nicholas
June 10, 2021 in Investments -
Jazeera set to launch Heathrow flights despite Kuwait's amber list status
Airline to become the first low-cost carrier in the Middle East to operate direct flights to London Heathrow Source link
June 9, 2021 in Business News -
Sars should give crypto investors more carrot and less stick
It has been more than three years since the South African Revenue Service’s (Sars’) media statement on cryptocurrencies, in which it said that it would apply “normal income tax rules” to cryptocurrencies when assessing whether a gain is revenue or capital in nature, and that crypto assets are not seen as currency for income tax
June 9, 2021 in Investments -
Dubai's cancer care ambitions receive $60m boost from donors
Hamdan Bin Rashid Cancer Charity Hospital is set to open its doors to the first patients in 2023 Source link
June 9, 2021 in Business News -
GCC economies continue innovating beyond pandemic
The Gulf is home to Dubai and Abu Dhabi, both of which lead the pack of the Middle East and North Africa’s smartest cities, and GITEX will play host to innovative economic leaders from across the GCC as they look at how to continue developing beyond the pandemic Source link
June 8, 2021 in Business News -
South African Breweries turns investment taps back on for home market
South African Breweries (SAB), part of Anheuser-Busch InBev, has reinstated its investment programme that was cancelled last year, allocating R2bn for its home operations, the company said on Monday. A bartender serves a beer produced by brewing company SAB Miller at a bar in Cape Town, September 16, 2015. Reuters/Mike Hutchings/File Photo The maker of
June 8, 2021 in Manufacturing -
How technology advances will make the Gulf's local manufacturing ambitions a reality
Region-wide manufacturing and industrialisation strategies are making their presence felt and specialised free zones with financial, leasing, and protocol incentives have sprung up to service these ambitions Source link
June 7, 2021 in Business News -
Reinflation is the watchword in recovering economies
The past 15 months have been an interesting but uncertain time in global markets. As several major economies started to emerge from the pandemic, the first quarter of 2021 was all about reflation – a belief that massive fiscal stimulus, historically low-interest rates and the reopening of economies on the back of Covid-19 vaccinations will
June 7, 2021 in Investments -
Thungela starts trading on JSE after unbundling from Anglo American
Thungela Resources started trading on the Johannesburg Stock Exchange (JSE) today, marking the completion of its demerger and separation by Anglo American’s South African thermal coal assets. July Ndlovu, CEO, Thungela Resources “We are excited to be listing Thungela today. The company plays an important role in providing affordable energy to both our customers in
June 7, 2021 in Investments -
Chalhoub Group to up share of local Saudis, women in workforce
In its 2020 sustainability report, the group sets new targets for its strategy in Saudi Arabia for the next three years, and its goals are in line with Saudi Arabia’s Vision 2030 Source link
June 7, 2021 in Business News -
UAE's F&B industry on steady recovery path
Dine-ins in quick bites and cafe menu categories saw the biggest uptick in Q1 2021, new research indicates Source link
June 6, 2021 in Business News -
Emirates chief hails Miami flights plan as vote of confidence in travel rebound
Sheikh Ahmed says July 22 launch also shows commitment to the US market after coronavirus crisis Source link
June 5, 2021 in Business News -
Ruler says Qatar is ready to host World Cup despite pandemic challenge
Sheikh Tamim bin Hamad Al Thani says Qatar’s preparations for 2022 World Cup are nearing completion Source link
June 5, 2021 in Business News -
Reasons to be hopeful as 2021 emerges from the shadow of the pandemic
There is a prevailing mood of optimism, even in sectors hard hit by coronavirus, specifically in the UAE and the GCC generally, writes Ali Akawi, CEO of ITP Media Group Source link
June 4, 2021 in Business News -
Digesting the Commission’s decision on Burger King deal
For the first time in 20 years, a merger may be prohibited on public interest grounds alone. A ground-breaking recommendation by the Competition Commission (Commission) to the Competition Tribunal (Tribunal) to prohibit the proposed sale by Grand Parade Investments Limited (GPI) of its investment in Burger King (South Africa) to a US private equity firm
June 4, 2021 in Investments -
South Africa’s fiscal deficits declining “faster than expected”
South Africa’s fiscal deficits are declining slightly faster than initial expectations, but slow progress on the rollout of coronavirus vaccines and structural reforms will continue to hamper progress, ratings firm S&P Global said on Thursday. The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13,
June 4, 2021 in Investments -
UAE remains on UK's travel red list, Bahrain added as Covid concerns rise
UK Government adds a further seven countries to its ‘no-fly’ list as country fears third wave of pandemic Source link
June 4, 2021 in Business News -
UAE seeing a 'rush' of applicants for US EB-5 visa programme ahead of court ruling
The Northern District California court is expected to give its judgment later this week on a lawsuit challenging certain amendments EB-5 regulations, which, according to immigration experts, could potentially bring down the investment requirement to the earlier level of $500,000 Source link
June 3, 2021 in Business News -
Midday outdoor working ban in UAE to start from June 15
Companies who do not comply will be faced with a fine of AED5,000 per worker and a maximum of AED50,000 should several employees be found to be working during the ban Source link
June 2, 2021 in Business News -
Covid-19 has shown that following the same road will lead the world over a precipice
The devastating consequences of Covid-19 have led to a deepening recognition that business as usual is highly destabilising and the source of our darkest fears. It has shattered the mental mirrors that have prevented us from breaking from the past and embracing new horizons. In “Rescue: From Global Crisis to a Better World I show
June 2, 2021 in Investments -
Spanish football league LaLiga moves Middle East HQ to Dubai's DMCC
Move comes as the MENA region is becoming an increasingly important market for the Spanish league Source link
June 2, 2021 in Business News -
Five ways to become a better leader
The sure-shot way to be a leader is a cakewalk, but it requires great courage to emerge unique and better than the rest Source link
June 1, 2021 in Business News -
SA manufacturing expands at faster rate in May
South Africa’s manufacturing activity expanded at a faster pace in May as new sales orders grew, driven by domestic demand, the seasonally adjusted Absa Purchasing Managers’ Index (PMI) showed on Tuesday. A worker checks bottles of wine coming out of a production line at Nederburg Wine Estate in Paarl, South Africa, 8 July 2020. Reuters/Mike
June 1, 2021 in Manufacturing -
Regulatory compliance will help economic recovery and sustainability in South Africa
For South Africa to work towards post-Covid economic recovery it will be necessary to reprioritise compliance to ensure both economic and environmental sustainability in the long term. Most organisations are fast realising that a compartmentalised approach to tackling compliance issues is becoming difficult to maintain as regulations increase to determine how these industries are run.
June 1, 2021 in Investments -
Dubai's Leams Education reveals roadmap for expansion
Affordable schools provider outlines vision to increase presence in UAE and grow into emerging markets Source link
May 31, 2021 in Business News -
Pieter Hanekom to replace Rhodes Food Group CEO of 22 years
Bruce Henderson, who has served as CEO of Rhodes Food Group for 22 years, is to retire in September this year and will be succeeded by Pieter Hanekom, the company announced on Monday. Based in Groot Drakenstein in the Western Cape, RFG’s growing portfolio of brands include the flagship Rhodes brand, Bull Brand, Bisto and
May 31, 2021 in Manufacturing -
Get R1 for every 55c you invest into a 12J – CPD Accredited Investor Summit, 2 June, online. Register now
This is your last chance to choose where your tax money goes. The sunset is upon us. Attend our free, final 12J Summit and have all your 12J questions answered. Investing in Section 12J is low hanging fruit and should be top of mind for every savvy investor. This is a last opportunity for South
May 31, 2021 in Venture Capital -
Commission suggests blocking R1bn acquisition of The Building Company
The Competition Commission has recommended to the Competition Tribunal that the proposed takeover of Pepkor’s hardware company The Building Company by Cashbuild be prohibited. As part of the acquisition, Cashbuild would have paid R1,1bn for The Building Company, which owns Buco, TimberCity, Tiletoria and other brands. Credit: Alexander via Pexels “The Commission found that the
May 31, 2021 in Manufacturing -
Don’t use your commercial property loan like an overdraft
In the current economic environment, businesses are keen to reduce debt by paying down their commercial loans. While this is a facility that banks offer their clients, and there are valid reasons to pay off a commercial property loan early, many clients unwittingly do so for the wrong reasons and to their own detriment. Preggie
May 31, 2021 in Property & Real Estate -
What investors must do in order to avoid financial advice 'sharks'
Opening panel at latest AB Money Forum stresses importance of trust in financial advisors Source link
May 31, 2021 in Business News -
Marriot Hotels debuts in Lagos, Nigeria
Marriott Hotels has announced its debut in Nigeria with the opening of Lagos Marriott Hotel Ikeja. Volker Heiden, area vice president – sub Saharan Africa, Marriott International, says: “We are excited to have opened the Lagos Marriott Hotel Ikeja, bringing Marriott Hotels’ transformed vision to Nigeria. “Lagos is a vibrant and bustling city
May 31, 2021 in Property & Real Estate -
Is it the best of times for Bitcoin or the worst of times?
Following the volatility in the value of the cryptocurrency, Dominic Frisby, the author of Bitcoin: the Future of Money? discusses whether it’s a crash or correction, and looks at the ‘Musk’ effect. Source link
May 30, 2021 in Business News -
Focus on the bottom line: Making your e-commerce business profitable
During the pandemic, existing e-commerce stores witnessed an unprecedented increase in sales, and many new players have entered this exponentially growing industry Source link
May 30, 2021 in Business News -
Dubai's DXB named world's busiest international airport in May
According to aviation analysts OAG, Dubai International Airport topped the global list with nearly 1.9 million scheduled seats despite ongoing impact of coronavirus Source link
May 29, 2021 in Business News -
Authorities issue 'scam' warning after new cryptocurrency targets Dubai
Dubai Electronic Security Centre says ‘DubaiCoin’ is an elaborate phishing campaign designed to steal personal information Source link
May 28, 2021 in Business News -
Summit to stimulate investment into Africa
SingularityU announces Exponential Finance Summit 2021, aimed at growing investment ecosystem in Africa SingularityU South Africa has announced its plans to host the SingularityU Exponential Finance Summit online in 2021. Taking place from 28-30 July 2021, the summit aims to build and grow an African investment innovation ecosystem by connecting South Africa and Africa’s top
May 28, 2021 in Venture Capital -
Influencers and the markets. Who will have the last say
A divisive Tweet from Elon Musk threw Bitcoin into disarray on 13 May, leaving traders wondering about the future of the cryptocurrency. Historically speaking, market reactions prompted by individuals go back a long way. We could look back at the time of JP Morgan himself in the 1920s, making various statements that led to the
May 28, 2021 in Investments -
Facing uncertainty at home, Latin America's wealthy look towards Dubai
A growing number of Latin America’s wealthy business people are looking to the UAE for 10-year investor visas, according to Damacorp Source link
May 28, 2021 in Business News -
Is it time to build your financial future? The AB Money Forum is back and here to help with a host of experts
Our exclusive in-person event at the JW Marriot Marquis in Dubai on May 31 will offer up insight on investing, real estate, crypto, online trading and the golden rules for growing your portfolio. Source link
May 27, 2021 in Business News -
Early investors to share in profit from UK government-backed SA vertical business jet
What would Naspers do to find another investment as rewarding as Tencent, and Sequoia Capital, the only venture investor in WhatsApp, which turned its $60m investment into $3bn when Facebook acquired the messaging service, do to find another winner like that? According to the Harvard Business Review, the venture capital business is no longer that
May 27, 2021 in Investments -
Green calendar aims to boost Dubai's status as sustainable tourism destination
Department of Tourism and Commerce Marketing targets residents and visitors with new ‘Get into the Green Scene’ initiative Source link
May 26, 2021 in Business News -
How ‘flipsters’ are changing the property landscape
There is a new breed of home flippers in the property space who are doing things their own way and, in doing so, not only establishing a host of new property trends, but transforming whole neighbourhoods, according to Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty. Image supplied “Flipsters are hipsters who flip homes,
May 26, 2021 in Property & Real Estate -
5th MSCI South Africa Green Annual Property Index out now
Released annually, in conjunction with the Green Building Council of South Africa (GBCSA) and sponsored by Growthpoint Properties, the MSCI South Africa Green Annual Property Index provides an independent, globally consistent view on the investment performance of green-certified and non-certified offices. Growthpoint office development at 29 Richefond Circle, Ridgeside, Umhlanga, KZN At the end of
May 26, 2021 in Property & Real Estate -
Emirates REIT debt exchange offer rejected by group of creditors
Shariah-compliant real estate investment trust last week offered to exchange the unsecured sukuk securities due in 2022 for new secured notes maturing in 2024 Source link
May 26, 2021 in Business News -
Narratives are simple, the truth is more complex
We often talk about the importance of looking beyond prevailing narratives to find value. Narratives are easy to buy into, partly because as humans we enjoy a good story, and partly because they are simple and easy to understand. They help us make sense of the world, and they also make it easy to buy
May 26, 2021 in Investments -
An urban masterplan of the future
From a city’s built-up area for expansion interspersed with green spaces to regeneration efforts and mobility planning, every aspect must be analysed to create futuristic, sustainable urban master plans Source link
May 25, 2021 in Business News -
Lightstone unpacks semigration trends across Western Cape, KZN, Gauteng
Nearly 15% of homeowners who sold and bought homes in the three years leading up to 2020 have moved from cities to smaller towns. This is according to recent data shared by Lightstone Property which highlights that most of these purchases from the Western Cape and KwaZulu-Natal show the appeal of opting for a quieter
May 25, 2021 in Property & Real Estate -
Protesters clash with police over rising unemployment in Oman city
Police fire tear gas at young Omanis outside the Labour Ministry and governor’s office in Sohar Source link
May 25, 2021 in Business News -
Saudi Arabia emerges as hot spot for start-up accelerator programmes
The country has also seen more senior corporate leaders making the switch to entrepreneurship during the pandemic Source link
May 24, 2021 in Business News -
How the world is warming to sustainable investing
The European Union (EU) is considered by many to be the leader in sustainability regulation. This is true in the sense that it was the first to set the foundations for a sustainable finance framework and has a head start in developing the corresponding regulation. Other markets, particularly Asia, are close at its heels, and
May 24, 2021 in Investments -
South African rand extends gains as rating agencies maintain outlook
The South African rand extended gains on Monday, passing the 18-month best reached on Friday as the currency drew strength from rating agencies holding the country’s credit rating and outlook at current levels. South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg, file.Reuters/Siphiwe
May 24, 2021 in Investments -
Why women have a 'big role' to play in developing Saudi Arabia's tourism industry
Dr Afnan Alshuaiby, founder and CEO of FNN International and chairperson of the Arab International Women’s Forum was addressing a panel session at the recent Arabian Travel Market Source link
May 23, 2021 in Business News -
Indian investment influx in the UAE
Dubai is a second home to a multitude of Indians from various walks of life; many own property here for investment, leisure or to live in, Over the last few years, there has been a steady rise in the number of Indian residents opting to buy a home in Dubai Source link
May 23, 2021 in Business News -
Qatar Airways boss named new chairman of Oneworld airline alliance
Akbar Al Baker takes on key role at a pivotal time for the aviation industry as it slowly emerges from the impact of the coronavirus pandemic Source link
May 22, 2021 in Business News -
Saudi Arabia hires former WTTC chief to help drive tourism ambitions
Saudi Ministry of Tourism announces appointment of World Travel and Tourism Council CEO and president Gloria Guevara Manzo as chief special advisor Source link
May 21, 2021 in Business News -
UAE's largest fuel retailer hires former Tabreed boss as new CEO
ADNOC Distribution has announced the appointment of Bader Saeed Al Lamki as CEO from May 27 Source link
May 21, 2021 in Business News -
How with TLC Wendy Nwankwo found success in The Living Collective
Property entrepreneur Wendy Nwankwo, founder of The Living Collective “It’s important to be patient with yourself and growth as an entrepreneur. Success doesn’t come overnight. I feel it’s also important for businesswomen to pave the way for others to participate in industries or spaces that are male-dominated. Know that you will fail but don’t be
May 21, 2021 in Property & Real Estate -
Stable interest rate great news for best buyer’s market in decades
The decision by the Reserve Bank to retain the repo rate at 3.5% (home loan base rate at 7%) is great news and underscores the best buyer’s market in decades. While to date, much of the updraft in the property market has been interest-rate induced, driven by first-time buyers, overall volumes, which is about 20,000
May 21, 2021 in Property & Real Estate -
Oman power giant Mazoon inks $235m Islamic financing deal
Mazoon Electricity Company says funds will be used to finance its capital expenditure plans for 2021 Source link
May 20, 2021 in Business News -
Interest rate hike held off for another quarter
After announcing at their previous meeting that the interest rate may increase by 25 basis points in the second quarter, the Monetary Policy Committee (MPC) cut the country a break today when it announced that interest rates will remain stable, keeping the repo rate at 3.5% and the prime lending rate at 7%. This means
May 20, 2021 in Property & Real Estate -
Investec Property Fund says repurposing office space now vital
Investec Property Fund’s (IPF) strategy of repurposing office assets and “amenitising” office space has become even more relevant after the Covid-19 pandemic hit demand, the South African fund’s joint-CEO Darryl Mayers said on Wednesday, 19 May. Structural shifts were already emerging prior to the pandemic with the increased prevalence of flexible working and shared office
May 20, 2021 in Property & Real Estate -
Investec Property Fund says repurposing office space now vital
Investec Property Fund’s (IPF) strategy of repurposing office assets and “amenitising” office space has become even more relevant after the Covid-19 pandemic hit demand, the South African fund’s joint-CEO Darryl Mayers said on Wednesday, 19 May. Structural shifts were already emerging prior to the pandemic with the increased prevalence of flexible working and shared office
May 20, 2021 in Property & Real Estate -
When life gives you lemons, make gold
Life can be challenging and sometimes downright unfair. It is how we respond to these challenges and unfairness that determines our destiny. No one else lives inside your head except for you, and the daily decisions you make in response to everything you see, hear and dream about are what shape your future. My personal
May 20, 2021 in Property & Real Estate -
EU to reopen borders, potentially easing the way for GCC travellers
EU countries agree to reopen their borders to nations and travellers deemed safe in the continent’s most significant move yet to return to normalcy Source link
May 20, 2021 in Business News -
Global semiconductor shortage to continue until 2022
According to Gartner, the worldwide semiconductor shortage will persist through 2021 and is expected to recover to normal levels by the second quarter of 2022. Photo by Harrison Broadbent on Unsplash Kanishka Chauhan, principal research analyst at Gartner, said: “The semiconductor shortage will severely disrupt the supply chain and will constrain the production of many
May 19, 2021 in Manufacturing -
Responsible lenders need to lead the charge towards financial literacy
South Africa has a well-developed formal financial sector, however the country also has a population that ranks high in terms of indebtedness, according to the World Bank. In addition to these high levels of borrowing, South Africans also stand out in terms of poor repayments and many are trapped in a debt spiral. Brett van
May 19, 2021 in Investments -
Why domestic tourism will always be at the forefront for Saudi Arabia
CEO of Saudi Tourism Authority, Fahd Hamidaddin, reveals bold plans for relaunch of Saudi Seasons programme in Q4 this year Source link
May 19, 2021 in Business News -
Investec Property Fund reports earnings fall after hit to rental income
Investec Property Fund Limited (IPF) on Wednesday, 19 May, reported a 33.8% fall in annual distributable earnings per share due primarily to the impact of Covid-19 and related rental concessions granted to tenants. Distributable earnings per share, the primary underlying financial performance measure in the listed property sector, fell to 97.08 cents for the year
May 19, 2021 in Property & Real Estate -
Sapin to host Durban Property Roadshow
The SA Property Investor’s Network (Sapin) will be hosting a property roadshow at the Aha Gateway Hotel in Umhlanga in Durban on Thursday, 20 May. The keynote speakers for the event are Sapin CEO and founder Andrew Walker and portfolio manager at TUHF Sabir Yusuf. “It’s been a while since we’ve been able to travel
May 19, 2021 in Property & Real Estate -
Abu Dhabi owner to fund Man City fans' trip to Champions League final
Sheikh Mansour seeks to remove the most significant financial barrier to fans attending the final, says club Source link
May 18, 2021 in Business News -
Opportunity remains for aspirant home buyers as outlook keeps repo rate below 4%
Commenting ahead of the third repo rate announcement for 2021 later this week, Carl Coetzee, CEO of BetterBond, says it is unlikely that the repo rate will climb above 4% for a while yet. “Rates will eventually start to increase, but the prime lending rate is not going to hit double digits in the near
May 18, 2021 in Property & Real Estate -
African industrialisation and intracontinental trade can lead to an employment boom
Africa has the opportunity to follow in the footsteps of Asia’s manufacturing giants over the next decade, using industrialisation as a strategy to uplift millions of people from poverty and create jobs for its burgeoning young population. In doing so, it could reinvent itself as the world’s next production powerhouse. That’s according to Vinny Perumal,
May 18, 2021 in Manufacturing -
Raising capital in Africa and crossing the bridge to the US
Pardon Makumbe, co-founder and managing partner of CRE Venture Capital When you look at raising capital in Africa, what can we see in the current landscape? Our continent is a big place made up of regional ecosystems, each with its own unique personality and dynamism. The regions we know the best are South of the
May 18, 2021 in Venture Capital -
How Covid has rocked retirement savings
Accessing retirement saving early to cover the shortfall and stopping retirement savings altogether are two of the alarming trend emerging in a Transunion survey. In addition the World Bank’s 2019 report, South Africa’s savings rate is 15% of its GDP—10% below the world average. While the 2020 Ipsos/News24 poll amongst 52,287 readers, more than four
May 18, 2021 in Investments -
Akani unveils new corporate brand as it positions for growth opportunities
Akani Retirement Fund Administrators (Akani), the country’s largest Black-owned and managed retirement fund administrator with R26bn total of clients’ assets under management, has unveiled a new corporate brand to position itself for growth and in response to dynamic changes in the South African retirement fund industry. Zamani Letjane, the managing director of Akani, said: “Our
May 17, 2021 in Investments -
A rigid approach could be a death knell in the current property market
After a year of global volatility, the property market remains one of the most mercurial sectors. It’s only the most agile industry players who have weathered the pandemic storm. And, with no end to the uncertainty in sight, a responsive attitude from both landlords and developers will be required for some months yet. Gary Palmer,
May 17, 2021 in Property & Real Estate -
The systematic decline of active funds
Active funds have been subjected to continuous waves of attack from passive alternatives, and the gist of the argument is that they are in some way inferior to their passive peers. The reasoning is mixed, but the argument’s primary drivers are historic underperformance over the past five years, lower fees and fund costs, and high
May 17, 2021 in Investments -
Register now: CEO Connect discussion on Competitive Collaboration in Africa
SVAI (Shared Value Africa Initiative) is excited to invite all CEOs and executives to the 2021 CEO Connect Roundtable on 4 June! Themed ‘Competitive Collaboration in Africa – One Africa, One Voice’, this high-level leadership engagement platform aims to bring business leaders together for vital discussions reflecting the current regional, continental and global context and
May 17, 2021 in Investments -
Foreign investment into UAE increases over 44% despite coronavirus crisis
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said: “Good crisis management is a guaranteed investment.” Source link
May 16, 2021 in Business News -
Unit of Abu Dhabi's IHC buys stake in transport media firm Firefly
Deal will expand Firefly’s operations into the Middle East for the first time through a joint-venture office in the UAE capital Source link
May 15, 2021 in Business News -
UAE pharma major says Q1 net loss narrows on strong sales
Gulf Pharmaceutical Industries reports a 60% jump in net sales during Q1, boosted by a recent re-entry into key markets Source link
May 15, 2021 in Business News -
SADC focused on establishing Europlaw Group Fund
Europlaw Group, operating predominately from the Republic of South Africa and the United Kingdom, decided to establish the SADC-focused Europlaw Group Fund. From its base in South Africa, the fund will focus its attention on both the SADC and the African continent. The founding members for the Europlaw Group Fund are the Europlaw Group of
May 14, 2021 in Investments -
Abu Dhabi creates new council to oversee development of free zones
Free Zones Council will adopt key non-financial performance indicators for free zones, re legislation Source link
May 14, 2021 in Business News -
Redefine Properties defers dividend decision
Redefine Properties shareholders will have to wait a little longer for a dividend after the company said on Friday, 14 May, that it has deferred a decision on an interim payout until the release of annual results in November. The owner of retail, office and industrial properties cited the effects of the Covid-19 pandemic and
May 14, 2021 in Property & Real Estate -
What’s really behind Musk’s Bitcoin U-turn?
Elon Musk’s sudden U-turn regarding Bitcoin on Twitter – which sent prices plummeting by 15% – could be more of a PR stunt than anything else. Elon Musk. Photo: Duncan.Hull – own work/Wikipedia The Tesla billionaire boss said the company will halt sales of cars using Bitcoin due to the environmental impact of mining that
May 14, 2021 in Investments -
The pitfalls of the proposed pension fund amendments
Proposed changes to the Pensions Funds Amendment Bill, currently before Parliament’s Standing Committee on Finance, will allow retirement fund members to access a portion of their retirement savings in cash before retirement as a guarantee for a loan. But the long-term losses outweigh the short-term gains The Democratic Alliance (DA) has proposed that the law
May 14, 2021 in Investments -
UAE-India remittances flow slumps by 17% as Covid fuels 2020 job losses
World Bank says India saw remittances fell by just 0.2% in 2020 overall, as resilient flows from the US and other host countries offset decline Source link
May 13, 2021 in Business News -
South Africa investors cheer Ramaphosa rival’s suspension
Investors are celebrating the suspension of one of the main party rivals of South African President Cyril Ramaphosa as a sign that he is finally tightening his grip on the governing African National Congress (ANC). President Cyril Ramaphosa delivers his State of the Nation address in parliament in Cape Town, South Africa, February 11, 2021.
May 13, 2021 in Investments -
Why Rosebank is Jozi’s best property investment
Rosebank encompasses the excitement of fast-paced city life and the calm beauty of leafy suburbia, placing it in high demand for both business and residential investment players. All major property developers have ensured a foothold in what is fast becoming Johannesburg’s next and most sought-after urban living node. Rosebank, Johannesburg. Image source: Facebook Rosebank is
May 12, 2021 in Property & Real Estate -
Govt could curb imports in favour of more 100% local goods
Small Business Development Minister Khumbudzo Ntshavheni says the department is in talks with the Department of Trade, Industry and Competition to designate more products under the 100% local content category to support SMMEs in the local manufacturing sector. Getty The Minister said this when Ministers in the economics sector replied to oral questions in the
May 12, 2021 in Manufacturing -
SA’s manufacturing output up 4,6% in March
South Africa’s manufacturing production increased by 4,6% in March 2021 compared with March 2020, according to data from Statistics South Africa (Stats SA). A worker inspects cars at Nissan’s manufacturing plant in Rosslyn, outside Pretoria, file. Reuters/Siphiwe Sibeko The largest positive contributions were made by the following divisions:• food and beverages (10,4% and contributing 3,0
May 11, 2021 in Manufacturing -
South Africa’s rand retreats from 16-month high against dollar
The rand weakened in early trade on Tuesday, breaking back above 14.000 against the US dollar, in cautious trade ahead of local manufacturing data and US inflation figures. A street money changer counts South African rands in Harare, Zimbabwe, file. Reuters/Philimon Bulawayo At 0631 GMT, the rand traded at 14.0600 against the dollar, 0.31% weaker
May 11, 2021 in Investments -
Are businesses ready to attract tomorrow’s investors?
Like the mining companies they service, mine suppliers and technology providers should be looking beyond the customer demands of today to remain relevant to the investors of tomorrow. Joe Keenan, MD, BME The world has become rapidly alive to the threats posed by climate change, and mining companies are seeing their shareholders demanding more than
May 11, 2021 in Investments -
Zachariah George talks early-stage funding in SA
Could you take us through the funding stages of starting a business? (levels of seed funding, early stage funding, etc.) Typical stages of funding in the VC industry: Pre-Seed – typically at MVP but pre-revenue Seed Stage – some proof of concepts (“PoCs”) and/or pilots in place, could be pre-revenue still or barely post revenue
May 11, 2021 in Venture Capital -
Emaar Malls reveals 169% quarter-on-quarter increase in profits
Shopping malls and retail business giant reported profits of $87m for first three months of the year Source link
May 10, 2021 in Business News -
Will virtual reality play a part in the future of design?
Husain Roomi, co-founder of H2R Design, shares his thoughts on whether this revolutionary technology is the design world’s next big thing Source link
May 9, 2021 in Business News -
Top Dubai businessman questions UK's decision to keep the UAE on travel 'red list'
Khalaf Ahmad Al Habtoor, founder of the Al Habtoor Group, says he is ‘shocked and surprised’ by Britain’s decision Source link
May 8, 2021 in Business News -
UK delivers tourism blow as the UAE remains on 'red list'
Experts say the latest ruling will ‘substantially’ dampen travel between Britain and the UAE Source link
May 8, 2021 in Business News -
Abu Dhabi's IHC says to list three subsidiaries on local bourse in Q2
Three subsidiaries of International Holding Company will be listed on Abu Dhabi Securities Exchange’s second market Source link
May 7, 2021 in Business News -
Qatar orders arrest of finance minister Ali Sharif Al-Emadi
Qatar’s prosecutor to question minister over alleged abuse of power and misuse of public funds Source link
May 6, 2021 in Business News -
eThekwini Furniture Cluster Business Accelerator
The eThekwini Furniture Cluster (EFC) Business Accelerator is open for applications from small businesses in KwaZulu-Natal that currently supplies, or could supply, goods or services to the furniture sector. Successful applicants that excel during the pitching process will be in the running to gain a lucrative business contract with South African furniture retailers, @home, CLM
May 6, 2021 in Manufacturing