Chinese state media has reported that China may soon publish rules restricting outbound investment by Chinese firms in certain sectors. According to Chinese Commerce Minister Zhong Shan, a few Chinese companies have invested overseas “blindly and irrationally”. The government will now seek to closely monitor “irrational” investment in sectors like real estate, sports and entertainment,…
In 2016, Chinese entities made 932 deals worth over USD 220 billion, representing an increase of 246 percent over the previous year. The massive rise in deal value mirrored the shifting direction of Chinese economic growth, toward a model driven by technological innovation, consumption and industrial knowledge. It was also at least partly driven by…
Rising incomes and a growing middle class in China is boosting investment into healthcare, pharmacy and self-care. This was recently highlighted by the announcement that a Chinese investor group will be acquiring the condom division of Ansell Ltd, the world’s second-largest condom maker, for USD 600 million. The amount represents 16 times the division’s earnings…
Dubai Financial Services Authority has recently announced the launch of its Innovation Testing Licence (ITL). The ITL will ease regulatory requirements for firms that provide financial technology services in the region, allowing qualifying firms to develop and test innovative concepts from within the Dubai International Financial Centre (DIFC). Firms under the new licence will not…
Oracle Hospitality will be at HITEC DUBAI on November 14-15, 2017. The company has published a report on what customers REALLY want from hotel loyalty programs. Insights from the report will help hotel operators and hotel owners: Better understand how consumers want to be rewarded What to avoid when creating a loyalty program How to tailor loyalty…
On Friday, May 12, 2017, news broke about the ransomware attack which infected more than 200,000 systems in over 150 countries. The attack affected National Health Service centres in the UK, Renault production facilities in France and government agencies in Russia and China, just to name a few. Hackers responsible, suspected to be from North…
Alia was born in Pakistan and raised in North America (Canada and the United States). Her entrepreneur ways sowed its seeds as early as 2000 when she set up a media and marketing company in Los Angeles. In 2011 she furthered her Islamic studies in Jordan, at Amman’s Qasid Institute. Alia moved to the United…
Suraj Padmanabhan from Thumbay Group received the HR professional of the year (private sector) award at the MENA HR Excellence Awards held at Sofitel The Palm Dubai on May 1st, 2017 as part of the 12th Human Capital Forum. He was awarded for his exceptional performance in aligning the HR function with the organisation’s strategic…
Oracle Hospitality, an exhibitor at HITEC Dubai 2017, recently concluded a research study asking guests about ways to improve their hotel experiences. Insights from the report will help hoteliers and hotel owners: Identify key areas to invest in technology to enhance your guest’s experience Better utilise personal interactions between guests and staff to positively impact…