Report cites job stability, higher wages for Saudi workers

In a time when the Saudi economy is struggling, there is some glimmer of light for Saudi workers, particularly native citizens. A study by the Korn Ferry Hay Group shows big increases across the board for salaries in some industries, such as high technology and transportation and logistics. The study also found that over half of Saudi nationals have held the same job for at least five years. Read More »

Ajman University of Science and Technology gains International Telecommunication Union membership

The United Arab Emirates Telecommunications Regulatory Authority (TRA) recently announced academic membership in the International Telecommunication Union (ITU) for Ajman University of Science and Technology (AUST). ITU is a specialized agency of the United Nations that focuses on information and communication technology issues. Read More »

Mubadala buying 20% stake in Investcorp

Abu Dhabi-based investment and development company Mubadala recently entered into an agreement to buy 20 percent of Bahrain's alternative investment firm Investcorp. "We welcome the opportunity to become a shareholder in Investcorp," Mubadala Development Company Group CEO Khaldoon Khalifa Al Mubarak said. The deal with Mubadala is expected to strengthen Investcorp's shareholder base. Read More »

Baker & McKenzie Habib Al Mulla bolsters UAE arbitration resources

UAE law firm Baker & McKenzie Habib Al Mulla recently augmented its professional scope by appointing two attorneys to shore up its presence and expertise in legal, regulatory and commercial practices at its Dubai office. Dispute resolution lawyer Charlotte Bijlani was named a partner in the firm’s arbitration practice, while Joanna Matthews-Taylor was tapped as a senior associate for its employment practice. Read More »

MIT Enterprise Forum Pan Arab launches contest to find solutions for refugee crisis

The MIT Enterprise Forum Pan Arab (MITEF Pan Arab), in a partnership that includes Kuwait based Zain Group, launched the Innovate for Refugees competition for solutions to problems facing refugees. The partnership also includes MBC Hope, the corporate social responsibility arm of Dubai's Middle East Broadcasting Center, and the United Nations High Commissioner For Refugees. Read More »

Study finds substantial increase in mobile commerce in the Middle East, Africa during Ramadan

Criteo’s recent report on online retail and travel industries across the Middle East and Africa region shed light on the increasing importance of mobile commerce for retailers during last year's Ramadan. The study revealed that mobile was the preferred device throughout the Ramadan period, with spending increasing from 44 percent two weeks before Ramadan to 49 percent by the last week. Read More »

New insulation technology boosts efficiency, supports Saudi Vision 2030

New spray foam insulation products have been created by Honeywell and Bayer Pearl that can be used in residential and business structures in Saudi Arabia to improve energy efficiency. Energy demand is expected to double by 2030 in the kingdom due to the boom in the region’s population, and new thermal insulation requirements have been imposed to support Saudi Vision 2030. Read More »

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