Beauty, wellness industry bracing for dramatic growth in Middle East, North Africa

Euromonitor International recently reported that the beauty and wellness market in the Middle East and Africa is expected to see a 6.4 percent rise over the next five years, with a total value of $34.7 billion by 2020. “That the region is a fast-growing beauty market is no surprise actually,” Ahmed Pauwels, CEO of Messe Frankfurt Middle East, recently told the Gulf News Journal. Read More »

Al Hamra Real Estate Development garners major awards at the MEED Quality Awards for Projects

Al Hamra Real Estate Development (AHRED), a Ras Al Khaimah-based real estate developer, bagged both the Best Tourism and Leisure Project UAE and Best UAE Residential Property of the Year at the recent MEED Quality Awards for Projects .AHRED won the Best Tourism accolade for its Waldorf Astoria Ras Al Khaimah while its Bayti development garnered the Property of the Year award. Read More »

Digital marketing can be a big draw in the Gulf region

Should more firms in the Middle East be using new digital methods of marketing? Naufel Vilcassim, professor of marketing at the London Business School, suggested how companies in the region can move from traditional print and broadcast media marketing to a more sophisticated and modern multichannel strategy. This is just one of many reports in the region recommending that some of the newest forms of marketing can do well for businesses in the Gulf. Read More »

Dubai's GITEX Technology Week to tackle questions about future of banking, financial markets

With big financial changes on the horizon, financial experts are looking very closely at how new technologies will affect traditional banking systems. With that in mind, local teams in Dubai are working to prepare for the 2016 GITEX Technology Week, the biggest technology convention of its kind in the Middle East and Africa, to be held Oct. 16-20 at the Dubai World Trade Center.   Read More »

DEI photo services contract to enhance theme park experience at IMG Worlds of Adventure in Dubai

IMG Worlds of Adventure, set to open Aug. 15 in Dubai, will be the biggest indoor theme park of its kind, with major components that will include Cartoon Network- and Marvel-themed areas and the Lost Valley Dinosaur Adventure. DigiPhoto Entertainment Imaging (DEI) has won a contract to provide digital photography services such as souvenir pictures and augmented reality 3-D images. Read More »

GCC countries' plans to implement value-added tax putting businesses in bind

Gulf Cooperation Council nations are planning a radical shift in tax policy, with the U.A.E. and Qatar as early adopters of a new value-added tax (VAT), and Kuwait, Saudi Arabia, Oman and Bahrain planning to implement the tax within two years. The pending tax policy is shaking up the accounting market as businesses scramble to secure the personnel they will need to complete paperwork. Read More »

World Bank conference on Islamic banking to shed light on post-oil economic scenarios

The Accounting and Auditing Organization for Islamic Financial Institutions will host the 11th edition of the World Bank Annual Conference on Islamic Banking and Finance on Nov. 6-7 in Bahrain. Islamic Finance in the Post-Oil Economic Scenario will be the theme of the conference, being held in collaboration with the World Bank and under the auspices of the Central Bank of Bahrain. Read More »

Western Union builds on spirit of Ramadan with '30 Days of Betters' program

The Western Union Company participated in Ramadan by augmenting an existing program with a “30 Days of Betters” Ramadan initiative in the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Indonesia and India. The Ramadan program was derived from Western Union's “Moving Money for Better” program as well as social media platforms for those who wanted to engage in better behavior toward others. Read More »

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