January 18, 2020
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December 15, 2019

RIYADH — A new study by Boston Consulting Group (BCG) has found that residents in the Gulf Cooperation Council (GCC) region are optimistic about their economic futures – the highest level of optimism that BCG found across similar consumer surveys conducted across the world. More than a quarter (27%) of consumers in the GCC countries plan to increase spending on products and services in the next 12 months.

In a recent regional BCG study, 90% of consumers have expressed high optimism for their futures,"...

 

January 16, 2020

MANAMA — Leading global alternative asset management firm Investcorp has raised $130 million in anchor commitments which will primarily provide last mile funding in India, a market currently going through a liquidity crunch.

BAe Systems Pension Funds Investment Management Limited is the cornerstone investor for this initiative, which will focus on projects in the affordable and mid-market housing segment in the top seven cities in India and is subject to regulatory approvals and registrations.

Vikram Aggarwal, Head of Private Markets, BAe Systems Pensions, said “we believe that the Indian affordable housing"...

 
 
January 16, 2020

AMMAN, Wednesday, January 15, 2020 (WAFA) - The Jerusalem District Electricity Company (JDECO) and the Jordanian National Electricity Company signed today in the Jordanian capital, Amman, an agreement to raise Palestine’s electricity supply capacity by bolstering the electrical connection between them that would allow an increase in the quantity of current exported to Palestine from 26 MW to 80 MW.

The agreement was signed in the presence of the Jordanian Minister of Energy and Mineral Resources, Hala Zawati, the head of the Palestinian Energy and Natural Resources"...

 
 
January 16, 2020

Volvo Cars and China Unicom, a leading telecom provider, are joining forces on using 5G next generation mobile network technology for communication between cars and infrastructure in China.

The two companies have agreed to work together in researching, developing and testing automotive applications of 5G and emerging vehicle-to-everything (V2X) technology, said a statement.

As the fifth generation of mobile network technology, 5G is many times faster, has a higher data capacity and offers lower response times than its 4G predecessor. As more data can be transferred to and from cars more quickly and with less latency,"...

 
 
January 16, 2020

Minor Hotels has announced a series of senior appointments in its Middle East Regional Office.

Rachid Benwahmane: Group Director of Finance – Middle East & North Africa
Benwahmane joined the Minor Hotels regional team in the Middle East in July last year, bringing a wealth of experience managing multiple properties and brands in various countries across the Middle East and Africa, as well as having worked on the owner’s side and in asset management. Benwahmane joined the company from Meraas where he held the position of group finance director in the Hospitality Division.

An experienced financier,"...

 
 
January 16, 2020

The Emirates Nuclear Energy Corporation (ENEC) has showcased at World Future Energy Summit the impactful role that nuclear energy will play in sustainably powering the growth of the country, in line with the UAE Energy Strategy 2050.

The strategy includes a reduction in carbon dioxide emissions by 70 per cent, an increase in clean energy use by 50 per cent and a 40 per cent improvement in energy efficiency by the middle of the century.

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