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Tag Archives: GCC

Hyperloop connections to boost GCC tourism infrastructure to $56bln by 2022

UAE ranked the most competitive in the region, driven by the development of multiple transport projects UAE – GCC capital investments in tourism infrastructure are expected to reach $56 billion by 2022, with the UAE ranked the most competitive in the region, driven by the development of multiple transport projects, according to the latest research published ahead of Arabian Travel …

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GCC tech companies close gender gap to unlock $100trillion in global GDP

Ann Gallo, chief communications officer of Hitachi Vantara, recently spoke at The Marketing Society UAE’s Leadership Breakfast, sharing her insights as the GCC technology companies work to close the gender gap and increase corporate competitiveness to unlock nearly $100 trillion in global GDP by 2025. Women in the GCC represent only two per cent of board positions and 13 per …

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Saudi Arabia, GCC to be connected by ultra-fast tube transportation system

The entire Gulf region will be connected through an ultra-fast tube transportation system, which will operate at a velocity of 1,100 km per hour. Founder of US-based Virgin Hyperloop One, Josh Giegel spoke to Arab News on Thursday soon after he signed an agreement with the MiSK Foundation for an ultra-fast tube transportation system and to train Saudi youths on …

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GCC countries adopt draft UAE regulations for electric vehicles

GCC Standardization Organization, is currently preparing the draft of GCC regulations according to the UAE project. ABU DHABI- GCC countries have adopted the UAE’s draft regulations on the use of electric vehicles, thanks to their positive features which take into account safety requirements, overall performance of electric vehicles, and their adaptation to weather conditions in the region. Abdulla Al Maeeni, …

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Artificial intelligence: GCC schools show more interest in adopting education technology-CEO

The Gulf region is showing more interest in adopting new technologies in the education sector, a chief executive officer (CEO) of an Abu Dhabi-based software company said. “Education is always a pillar of any economy,” Saleh Al Hashemi, the CEO of Alef, a privately-owned firm that sells education software to schools told Zawya in an interview on Monday on the …

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Exponential growth seen in GCC assets under management

Dubai is set to reinforce its status as the region’s leading financial hub with new legislation and regulation expected to attract inward investment as the GCC is forecast to see an exponential growth in assets under management to nearly $111 billion by 2020, a new study reveals. While fund managers in the UAE are expected to see their asset under …

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Apple v Samsung: Can new iPhone launch help revive sluggish GCC smartphones sales?

The Gulf’s mobile phone market remained flat in the second quarter of this year, but Apple will be hoping that sales of its new iPhones will help it overtake its rival Samsung and give the market a new lease of life. The new iPhone 8, launched last week, is already available for sale online in the United Arab Emirates, with …

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Saudi Arabia, UAE salary increases highest in GCC

Saudi Arabia, followed by Kuwait and the UAE continue to lead the region in salary increases in 2017, according to a new survey. The GCC-wide survey of 600 multi-national companies and locally-owned conglomerates by Aon, also showed that Saudi Arabia and Kuwait have the highest salary increase projections for 2018, at an optimistic 4.5 per cent. The data showed that, …

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Siemens and Strategy& joint study outlines roadmap for a digitalized future for GCC businesses

60% surveyed believe digitalization has potential to create new business models or lead to a more open culture of innovation Only 3% of organizations in the GCC believe they are at an advanced stage of their digital transformation The GCC is positioned to embrace the disruptive potential of digitalization Governments and consumers lead the digital uptake in the GCC Dubai, …

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Low emissions targets and new cleaner technology are priority for GCC infrastructure companies

Expert to speak at Middle East Concrete and PMV Live 2016 about emerging trends and the impact on heavy machinery industry. Infrastructure companies in the Middle East will have to embrace new technologies in order to make their contribution to a cleaner environment and meet low emissions targets, according to leading industry expert Prasad Mane of Frost & Sullivan. Prasad, …

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