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New rules to discipline hiring practices in UAE
New labour contract rules will develop a free labour market in the UAE and discipline hiring practices in the country, according to experts and top executives.   Referring to new standardised contract that became effective from January 1, theyRead More...
Social media influences consumers
Dubai: Social media is faster than anything and it plays strong role in influencing purchase decisions in addition to connect all stakeholders in almost real time.   With the rise of social media, retail in particular is gearing up and adaptinRead More...
Africa: Buhari, Jonathan, Adesina, Elumelu, Others Among 100 Most Influential Africans
President Muhammadu Buhari, former president Goodluck Jonathan, AfDB president Akinwumi Adesina and Tony Elumelu, chairman, Board of Directors, United Bank for Africa (UBA) Plc, have been named among the 100 most influential Africans of 2015.  Read More...
Tata International focuses on agri business in Africa
Tata International Ltd, the trading and distribution arm of Tata Group, is focusing on the agri commodities segment to grow its business in Africa after achieving a significant market penetration in the infrastructure (automobiles, construction equipRead More...
Gulf economies embark on reforms as oil prices plunge
Abu Dhabi: Gulf countries are undertaking reforms to cut subsidies and increase fuel prices as oil hovers near eleven year lows on abundant supply and slowing demand.   Bahrain will be increasing fuel prices starting from Friday, according to Read More...
Iraq plans to sell shares in $1.3b Grand Faw Port plan
Arbil: Iraq aims to sell shares to the public in the $1.3 billion (Dh4.7 billion) Grand Faw container port first proposed in 2011 before falling oil prices crimped the government’s ability to support the project on its own.   The local gRead More...
Ghana is 8th best country for business in Africa on Forbes 2015 ranking
On the Forbes 2015 ranking of 144 Best Countries for Business in the world, Ghana ranks 79th and 8th in Africa.   Ghana is ahead of countries like Senegal, Tunisia, Namibia and the Seychelles. Some of the other countries that Ghana is ahead ofRead More...
Dubai to host 2,000 business leaders in March
Young Presidents’ Organization (YPO), the world’s premier peer network of chief executives and business leaders, has selected Dubai as the host city for its landmark annual event, the YPO Edge, in 2016. Each year, the world’s premiRead More...
South Africa Approves 9,600-Megawatt Nuclear Procurement Plan
South Africa approved a plan for the country to procure as much as 9,600 megawatts of nuclear-generated power. “Electricity produced from the new generation capacity shall be procured through tendering procedures which are fair, equitable, traRead More...
Saudi Arabia spends billions to get Asia hooked on its crude oil
Dubai: At the heart of Korea’s Onsan Refinery lies a street called “A.I. Naimi Road,” an homage to Saudi Arabia’s oil minister. The reason: state-owned Saudi Arabian Oil Co. holds a 65 per cent stake in the complex.   TRead More...
Generation Investment Management leads $19M fund raising round in M-KOPA Solar
M-KOPA Solar, the world’s leading pay-as-you-go energy provider to off-grid homes, has announced the closing of a US$19 million financing round led by Generation Investment Management LLP. M-KOPA provides off-grid customers a way to leapfrog oRead More...
Dubai Chamber promotes e-commerce in Gulf
The Dubai Chamber of Commerce and Industry (DCCI) recently headed a seminar to raise awareness about the prospects of e-commerce at the Makkah Chamber of Commerce and Industry.   This is part of efforts to promote e-commerce among Gulf chamberRead More...
Nigeria automobile sector may contribute 4.5% of Global automobile sales in 2016
According KPMG 2015 global Automotive Summary Survey, the automobile industry across Africa will increase in volume. Global sales will pass the magical 100 million mark and continue to rise till the end of the decade.   In 2015 investment in tRead More...
Dubai Islamic Bank breaks records at the Islamic Business & Finance Awards 2015
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has emerged triumphant at the 10thIslamic Business & Finance Awards 2015 by winning a total of eight accolades. Recognised for its accomplishments across all business lines including Read More...
Atlantic Energy repositions for the future
Atlantic Energy Drilling Concepts Nigeria Limited, an indigenous exploration and production company, said it is undergoing a holistic transformation aimed at placing it on a good pedestal to compete in the nation’s oil and gas industry. ThRead More...
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