Insights: General
Cultural awareness, expat life and practical guides for anyone building a life or career in the Middle East.
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Kuwait strike boosts oil despite failure of Doha talks
Kuwait strike boosts oil despite failure of Doha talks Oil prices rebounded on world markets on Tuesday after a plunge caused by the failure of Opec and other producing nations, including Russia, to agree to a deal to freeze output at a meeting on Sunday in Doha. The main reason for Tuesday’s price recovery appeared
Teamwork: What does it mean for managers?
The picture of the modern office is becoming one composed of teams. It seems that the ladder system of individuals reporting to the next higher authority is going the way of the flip phone. Replacing it are semi-independent teams that interact with one another, only occasionally reporting to management at key milestones. In that scenario,
Dubai rents fall further on increased supply
Dubai: Housing rents in Dubai fell further during the first three months of the year as more residential units were delivered and property market conditions continued to soften, a leading real estate broker said.Leasing rates dropped by 5 per cent, while house prices dipped by 10 per cent compared to the same period last year,
Dubai continues to remain a rental market
Dubai: Build, sell and then build some more – Dubai’s developers have stuck to this simple formula through every turn of the market cycle. Only rarely have they made a foray into creating rental properties, and mostly done by government-owned developers. For a private developer to do so was unheard of. It’s a fact that
Expat Employment for International Businesses
Global expansion can be a tedious process, many times companies turn to “expat employment” in their target country to have a sense of familiarity and security. This is a very common practice for companies to send existing employees to oversee the new operations. As we have discussed before in this Post, hiring an expat is not
Saudi construction industry to reach $148bn in 2020
The outlook for Saudi Arabian construction remains bright as the industry’s output value is forecast to rise at a CAGR of 7.05 per cent by 2020, compared with 6.35 per cent during the review period (2011-2015). However, low oil prices present major downside risks to the forecast. According to a report from Timetric’s Construction Intelligence
Settling in to a new school: A parent’s view
Andi Ondhia, a parent at ACS Hillingdon and a member of Parent Teacher Organisation’s Welcome Team, explores how an international school community is ideally placed to support new families through the relocation process. Relocating, whether it’s your first experience or your third, fourth or fifth, can be a daunting prospect with worries about how your
SPAR International said to target 24 new stores in Oman
Dutch supermarket chain SPAR International reportedly plans to open 24 outlets in Oman by 2017, as part of significant expansion plans in the Gulf. In an interview with Times of Oman, Tobias Wasmuht, managing director of SPAR International, said: “This year, we plan to open 14 stores. By the end of 2017 we will have
Dubai’s Azizi enters hospitality sector with $125m project
Azizi Developments has announced its entry into Dubai’s hospitality sector with the launch of Candace, its first serviced residences project. The developer said in a statement that the AED460 million ($125.2 million) project will feature two towers called Candace Aster and Candace Acacia at Dubai’s upcoming Al Furjan community, where Azizi Developments is the biggest
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