Archive for: MENA

Facebook now has 114m monthly active users in MENA

Facebook now has 114m monthly active users in MENA

Latest numbers revealed by world’s biggest social networking company shows that more than 100 million people connect, discover and share on Facebook on mobile across the MENA region Regional mobile growth results in 114 million monthly active regional users Every day Facebook has 8 billion video views globally Facebook in […]

 
 

MENA Venture Capital Market Gaining Momentum

MENA Venture Capital Market Gaining Momentum

BECO Capital, a regional venture capital firm focused on technology investments in the Gulf Cooperation Council (GCC) countries, today said that the Venture Capital (VC) market has gained momentum in the last 12 months, boosted by successful fundraising by the “Big Four”, a much deeper startup ecosystem across the region, […]

 
 

MENA, India and Pakistan obsessed with looking young – new survey shows

MENA, India and Pakistan obsessed with looking young – new survey shows

Middle East and North Africa (MENA), India and Pakistan obsessed with looking young – new survey shows Highlights of the survey: – For an overwhelming majority (75%), ‘looking young’ means being active and energetic – Most favor a natural approach to stay young – Aesthetic procedures and cosmetic surgery least […]

 
 

MENA Divided over Future Advancement of Women’s Rights

MENA Divided over Future Advancement of Women’s Rights

75% of the survey respondents say women’s rights have increased in their country of residence in recent years, while only 40% feel feel things are going in the right direction. Three quarters (75%) of residents in MENA believe women’s rights have increased in their country of residence in recent years. […]

 
 

MENA financial institutions in war against cyber crimes

MENA financial institutions in war against cyber crimes

The outgoing Year 2014 presented a major threat of cyber crimes including hacktivism and spread of western cyber issues to the financial institutions operating in the Middle East and North Africa (MENA) region and future challenges keep haunting the bigwigs of the U.A.E. financial sector. The questions in the minds […]

 
 

How Ramadan impact MENA Workplace [Infographic]

How Ramadan impact MENA Workplace [Infographic]

Business is slower in Ramadan, reveals survey 94.5% of professionals say that Ramadan lifts their morale at work as it is a peaceful, spiritual, and very special month. 44.5% of respondents say that employee efficiency does not drop during Ramadan; 85% claim higher levels of socialisation between colleagues The Bayt.com […]

 
 

Youth Unemployment, Technology, spurs MENA Freelance economy  

Youth Unemployment, Technology, spurs MENA Freelance economy   

High unemployment rates in MENA and technology-based solutions have spurred increase in the region’s growth of freelance professionals. Freelancers form a dominant part of the workforce in today’s professional market because it offers independence and professionalism beyond the traditional 9 to 5 working model. Companies like Elance, which offers a […]

 
 

Five IPOs in MENA raise US$1.3 bn in Q1 2014: EY

Five IPOs in MENA raise US$1.3 bn in Q1 2014: EY

Although MENA IPO market is off to a slower start in the first quarter compared to the same period last year, experts deem Q1 2014 has been one of the best performing quarters. The largest IPO value was Mesaieed Petrochemical Holding Company in Qatar raising US$905 million Oil and gas […]

 
 

The African Economic Safari: Booming Onwards

The African Economic Safari: Booming Onwards

African economy is gearing up for unprecedented boosts thanks to boosts in the form of vital FDI, PEs and SWFs. The National Bureau of Statistics quite recently published the report on the Nigerian economic rebasing endeavour which put the West African country’s GDP ahead of South Africa, making it the […]

 
 

Why None Succeeded to Reform Arab Bureaucracies

Why None Succeeded to Reform Arab Bureaucracies

During the first decade of this century, both governments and organizations were occupied by several analytical processes to reevaluate their achievements and shortcomings, cope with the mainstream trends of people, and of course, make plans for the future. Developed countries and advanced organizations have skillfully utilized most of the novel […]

 
 

Stanton Chase & Pi Slice Collaborate to Increase micro-lending in MENA

Stanton Chase & Pi Slice Collaborate to Increase micro-lending in MENA

Stanton Chase & Pi Slice Collaborate to Increase Funding for MENA’s Micro Finance Institutions  Partnership to help build a sustainable for MENA micro-Entrepreneurs Stanton Chase Middle East is proud to announce its partnership with Pi Slice, as part of the company’s Corporate Social Responsibility (CSR) activities and its continuous commitment […]

 
 

Social Media in the MENA region [Infographic]

social media. Photo-Gavin Llewllyne

Social Media usage in the Middle East and North Africa (MENA) is growing at a fast pace. Majority of the Arab Internet users are less than 40 years old, and almost all of them are on at least one or more social media networks — for several hours a day.  […]

 
 

Middle East Pivot to Asia for Big Trade & Energy Growth

Middle East Pivot to Asia for Big Trade & Energy Growth

Middle East & North Africa need $1 trillion energy boost by 2030 Six Gulf Cooperation Council countries will make up 50% of MENA GDP by 2015, says IHS in their latest report More than USD1 trillion of investments are needed by 2030 to meet demand for gas and electricity in […]

 
 

Intigral launches MENA’s first comprehensive digital idea incubator AFKAR.me

Intigral launches MENA’s first comprehensive digital idea incubator AFKAR.me

Intigral set to shake up the digital sector with MENA’s first comprehensive digital idea incubator AFKAR.me Intigral, MENA’s leading digital hub, has today launched AFKAR.me, the region’s first full-spectrum digital sector start-up and entrepreneur incubator. AFKAR.me sits at the core of Intigral’s commitment to grow the region’s digital ecosystem, and […]

 
 

GCC sukuk market is weak, while Malaysia’s surges

GCC sukuk market is weak, while Malaysia’s surges

A decrease in the sale of Gulf Islamic bonds reveals that the market for the Shariah-compliant instrument is still forming-up and that much more needs to be done to encourage investor interest. Data by Bloomberg points out, that compared to the previous year, the number of sukuk offerings in GCC […]

 
 

Business Confidence Index: Upgrade for Dubai

Business Confidence Index: Upgrade for Dubai

The composite Business Confidence Index (BCI) for the second quarter of 2013 in Dubai reached to 120.7 points, which is a 14.6 points increase over the same period in 2012. BCI has also grown by 6.7 points between the first two quarters of 2013 as seen in the quarterly business confidence […]

 
 

GCC Glass industry records sharp growth

GCC Glass industry records sharp growth

Boosted by heavy public and private spending in various infrastructure projects, the GCC glass industry is enjoying a period of tremendous growth. Latest market intelligence report by UK-based Bowmedia Group shows that the demand for flat glass will continue to see an upward trend due to construction of several new […]

 
 

Energy efficiency = comfort, lower utility bills

Energy efficiency = comfort, lower utility bills

Across the UAE, where the average daily temperature in the summer can soar to over 40-degrees celsius (104-degree Fahrenheit) for weeks at a time, it might seem the weather is to blame for the country’s huge per capita carbon footprint, as the perpetual heat makes air-conditioning a necessity for most […]

 
 

MENA embraces green revolution

MENA embraces green revolution

A new report shows the Middle East and North Africa (MENA) region is making a conscious effort to reduce its reliance on hydrocarbons and aggressively move toward renewable energy resources. The MENA Renewables Status Report by the World Future Energy Summit says the region must reconsider its approach to energy […]

 
 

UAE tops MENA list Most Socially Advanced nations

UAE tops MENA list Most Socially Advanced nations

UAE topped the list of MENA countries ranked in the latest ‘The Social Progress Index‘, which ranked a group of 50 countries by their social and environmental performance, with Tunisia, Jordan, Morocco and Egypt also making it to the list. The Social Progress Index measures the extent to which countries provide […]

 
 

Wysada.com – Beautiful Décor for Your Home

Wysada.com – Beautiful Décor for Your Home

Wysada.com Founder Mohammad Musleh tells us how Wysada.com is changing the home interiors and lifestyle retail market across the Arab World. Wysada.com is an online private sales club that offers members fast and easy access to irresistible luxury interior design and high-quality home wares at exceptional value. Just like its brand […]

 
 

E-Government – The Key to Creating Value in MENA

E-Government – The Key to Creating Value in MENA

Although some governments in the region are removing resources from e-government programs due to a number of other pressing social needs, they must find ways to make such initiatives sustainable, to ensure the net benefits for citizens will continue. Over the past decade, MENA governments have developed pioneering e-government programs […]

 
 

UAE: Living The Branded Life

UAE: Living The Branded Life

UAE consolidates its position as the Mecca of global brands, home to 15 of the top 50 brands in MENA for 2013. A study by Brand Finance, values UAE brands at USD 14.5 billion. Emirates, Etisalat, DP World, Emaar Properties, QNB, Kuwait Finance House, and Arab Bank, all scored impressive […]

 
 

Middle East North Africa trade – $300bn by 2020

Middle East North Africa trade – $300bn by 2020

Middle East North Africa trade could double by 2020 to $300 billion. In 2013, the total value of MENA oil production will be roughly five times greater than it was just a decade ago. Tim Reid; “MENA is an attractive market for businesses all over the world and the competition […]

 
 

MENA to outpace global economy

MENA to outpace global economy

Despite facing challenges of a weak global economy and volatile domestic politics, the MENA region is showing robust economic performance. According to the QNB Group, the region’s economy will grow by 3.5 to 4 percent this year. Further improvements are expected in 2014 along with growth rates of 4.5 to […]

 
 

Middle East e-payment conference tackles concerns

Middle East e-payment conference tackles concerns

Mobile commerce expert, Sammy Tuffaha, has called for marketing campaigns to raise public awareness of e-payment services in the MENA region, that promote the culture of electronic payment to national institutions and private sector companies. Tuffaha made the comments during his participation in the Cards and Payments Middle East Conference […]

 
 

MENA Online advertising – 37% growth in 2013

MENA Online advertising – 37% growth in 2013

MENA online advertising is growing at an unprecedented rate of 37 percent and is expected to hit USD 2.8 billion in 2016. As the region plays ‘catch-up’ with other world markets, the potential for meteoric growth in the sector is clear. “We are living in times when the ones who […]

 
 

India and Oman explore B2B opportunities

India and Oman explore B2B opportunities

India and Oman explore B2B links. India, with an estimated GDP CAGR of over 14.46% by the year 2017, is easily one of the fastest growing economies in the world. Attempting to further its growth, India needs to focus on effectively expanding and managing its supply chain, but also exploring global […]

 
 

World Bank: MENA needs 85 mln more jobs by 2023

There are a growing number of unemployed graduates either due to the irrelevance of the skills they acquire, the cronyism that still dominates the region’s economies, or the lack of sufficient capacity to absorb the increasingly educated and skilled labor force.

World Bank: 85 million additional jobs for youth, required in the MENA region by 2023. ‘Youth Unemployment’ in MENA region, highest in the world. ‘Female Youth Unemployment’ averages 40 percent within MENA. Recent statistics released by the World Bank reveal the youth unemployment rates across the MENA region are the […]

 
 

UAE is the hotbed for Startups in the Middle East

UAE is the hotbed for Startups in the Middle East

49% of total Middle East startup investment now in UAE The ArabNet Digital Summit, the biggest annual gathering of digital professionals and entrepreneurs, will be held June 24-26 at the Atlantis, The Palm, in Dubai. The event will place over 800 digital experts, investors, and industry leaders at the heart […]

 
 

Millionaires descend on Qatar

Millionaires descend on Qatar

Gas-rich Qatar has the highest density of millionaires in the world, where 143 out of every 1,000 households have private wealth of at least $1 million, followed by Switzerland (116), Kuwait (115), Hong Kong (94), and Singapore (82). The U.S. had the largest number of billionaires in 2012, but the […]

 
 

E-commerce in the Middle East [INFOGRAPHIC]

E-commerce in the Middle East [INFOGRAPHIC]

E-commerce in the Middle East is booming, with seemingly unprecedented growth just on the horizon. If your business is active or if you are considering doing business in the GCC region, this infographic has plenty of practical e-commerce information for you. The GCC has 90 million internet users, and in […]

 
 

Top 5 Beauty and Personal Care Trends in MENA

Top 5 Beauty and Personal Care Trends in MENA

Global market research company Euromonitor International announced today the launch of a new eBook – Top 5 Beauty and Personal Care Trends by Country in the Middle East and North Africa, which identifies how the beauty market in the Middle East and North Africa is changing and which trends are shaping […]

 
 

UAE solar power capacity to reach 20GW by 2030

UAE solar power capacity to reach 20GW by 2030

UAE solar power capacity to reach 20GW by 2030, predicts Masdar. MENA region requires 120GW in new generation capacity by 2017, costing $250 billion. The UAE could economically deploy 20GW of solar power generation capacity by 2030, if the under-reported ‘avoided and opportunity costs’ of new fossil power generation are […]

 
 

Solar desalination projects power the future

Solar desalination projects power the future

Solar desalination projects in the MENA region will shape the future. Solar power and water desalination, it turns out, go together like bread and butter. Who knew? The MENA region is increasingly dependent on desalinated water, as the region’s standard of living continues to rise, along with its rapid population […]

 
 

YouTube debuts MENA comedy bandwagon

Youtube Comedy Week Logo.

Who doesn’t like a good laugh? In fact, the easiest way these days to have a good laugh, is to scour YouTube. There, amazing humourists, some of them quite young, will have you grasping to retain your composure. It is one of the single most popular pastimes with millions of […]

 
 

MENA lags in mobile digital advertising

MENA lags in mobile digital advertising

Research shows the disparity between smartphone users and advertising spend on mobile and digital in the Middle East and North Africa (MENA) region remains one of the highest in the world, offering huge potential for growth in the future. The report by Deloitte, titled The Telecoms Media and Technology Predictions […]

 
 

Kuwait Petroleum Corp wins Leadership Award

Bilateral US Arab Chamber of Commerce Conference. Image Courtesy:US-Arab Chamber of Commerce

The Insight to MENA at OTC offshore technology conference will be held in Texas, on May 6th, and is the largest energy conference in the world. The Conference is a highly anticipated event and is a meeting ground for fostering relationships and facilitating international deals and economic partnerships across the […]

 
 

ADIBF 2013: Sheikh Zayed Book Award Winners Host Literary Discourse

ADIBF 2013: Sheikh Zayed Book Award Winners Host Literary Discourse

The Annual Abu Dhabi International Book Fair (ADIBF  2013) is the most professionally organised, ambitious and fastest growing book fair in the Middle East and North Africa. Held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of […]

 
 

UAE leads merger and acquisition activity

UAE leads merger and acquisition activity

The domestic merger and acquisitions market in UAE remained the most active in MENA region during the first quarter of 2013. The Ernst & Young’s MENA Mergers & Acquisitions update reveals that a total of 11 deals worth USD 2.2 billion were concluded in the UAE. These deals account for […]