Tag: Commerce

Industrial Construction in the UAE to 2019: Market Forecast – openPR



  • The construction sector can be broadly classified into five categories: Commercial, Industrial, Infrastructure, Institutional and Residential.
  • The reasons for this growth can be attributed to various macroeconomic factors conducive to the construction sector.Key Macroeconomic Trends Driving Growth in UAE Industrial Construction SectorUAE is one of the most diversified economies in the Gulf region.
  • Looking at the Middle East, UAE can be seen as one of the fastest growing economy, with its construction industry ranked third among the construction industries of the Middle East countries.
  • The construction industry is third largest economic activity after oil and trade, in the UAE, including approximately 6000 companies with most of the construction activities taking place in Abu Dhabi and Dubai.
  • The industry’s output value in real terms is forecast to rise at a CAGR of 6.52% in the next five years period; up from 3.55% during the period 2010-2014.The promising future of the construction industry can be seen by observing its past trend.


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R3 assembles expert technology team



  • You are here: Home » News » Banking news » R3 assembles expert technology team to lead distributed ledger initiative

    Financial innovation firm R3 announced the team tasked with managing the design and delivery of advanced distributed ledger technologies to global financial markets in partnership with its consortium of member banks.

  • The R3 collaborative model is the best way to quickly, efficiently and cost effectively deliver these new technologies to global financial markets.
  • The team brings together a unique set of expertise in electronic financial markets, distributed ledgers and blockchain technologies.
  • In his fifteen-year career at IBM he specialized in the application of new technology in banking and financial markets.
  • Ian Grigg, Architecture Consultant: Ian is a financial cryptographer with 20 years experience building secure ledger systems for the internet.


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‘Amber warning light’ on economy (From Herald Scotland)



  • SCOTTISH Chambers of Commerce has declared that its latest economic survey, which shows much weaker manufacturing growth and declining confidence among services firms, is an “amber warning light” for the UK and Scottish Governments.
  • The survey shows the first fall in optimism in the Scottish financial and business services sector for a year.
  • Scottish Chambers’ survey, conducted by Strathclyde University’s Fraser of Allander Institute, flags a sharp slowdown in investment growth in the manufacturing sector north of the Border.
  • The survey signals that year-on-year growth in sales revenue in the Scottish tourism sector accelerated between the second and third quarters.
  • And it signals a fall in capital investment in the financial and business services sector.


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