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Oil demand will continue to grow: Aramco CEO

April 27, 2017

Oil demand will continue to grow in absolute terms at fairly healthy levels for the foreseeable future driven by the growing global economy and the increase in population said Amin Nasser president an... View more

Dxb Entertainments plans to grow Lapita Hotels brand

April 20, 2017

DXB Entertainments the Dubai-based leisure and entertainments company has announced its intent to grow its Lapita brand in the region. This announcement comes following the official opening of the fir... View more

Dubai trade volumes grow 8.2pc in 2016

April 2, 2017

Dubai s trade volumes grew a healthy 8.2 per cent in 2016 compared to the previous year despite a challenging macroeconomic environment which impacted global trade reflecting the resilience of the Emi... View more

Domestic tourism in Saudi Arabia set to grow 40pc

March 22, 2017

Government led investment is driving a surge in domestic tourism across Saudi Arabia with experts predicting a 40 per cent rise in the number of internal trips made between 2015 and 2020. The Euromoni... View more

Insurance premiums set to grow in GCC: report

March 19, 2017

Gross premiums in the four largest GCC insurance markets will continue to increase in 2017 despite the the current economic slowdown in the region which is the result of relatively low oil and gas pri... View more

Mena railway supply market to grow 3pc annually

March 6, 2017

Industry players are upbeat about the region s railway supply market prospects noting that the sector will grow about 3 per cent annually in the next four years a report said. Helmut Scholze partner a... View more

Mena railway supply market to grow 3pc annually

March 6, 2017

Industry players are upbeat about the region s railway supply market prospects noting that the sector will grow about 3 per cent annually in the next four years a report said. Helmut Scholze partner a... View more

Saudi women cosmetics market to grow 11pc

February 22, 2017

Aggressive advertising coupled with increasing disposable income will see the market of women cosmetics in Saudi Arabia grow at a compunded annual growth rate (CAGR) of over 11 per cent during 2017 - ... View more

Future computers 'could grow food '

February 14, 2017

The UAE imports 85 percent of its food at the cost of 15 percent of its GDP. Though this might be a scary thought it is also an opportunity for this generation to make a real impact said an expert on ... View more

Future computers 'could grow food '

February 14, 2017

The UAE imports 85 percent of its food at the cost of 15 percent of its GDP. Though this might be a scary thought it is also an opportunity for this generation to make a real impact said an expert on ... View more

GCC hospitality sector set to grow 7.6pc by 2020

February 4, 2017

The GCC s hospitality market is expected to grow at a 7.6 per cent CAGR from an estimated 25.4 billion in 2015 to 36.7 billion in 2020 according to Alpen Capital a leading investment bank. The RevPAR ... View more

Gulf healthcare market to grow to $144bn by 2020

February 2, 2017

The Gulf Cooperation Council (GCC) countries face massive demand in medical sector which will spur rapid growth in the healthcare sector according to a top regional healthcare expert. We believe that ... View more

MEA rough terrain cranes market to grow at 5.6pc

January 19, 2017

The overall long-term outlook on the growth of MEA market for rough terrain cranes remains optimistic with the market projected to grow at a promising CAGR of 5.6 per cent through 2026 a report said. ... View more

UAE elevators market to grow 8pc till 2021

January 17, 2017

The UAE elevators market is projected to grow at a CAGR (compound annual growth rate) of eight per cent till 2021 said a report. Growing disposable income and booming construction market coupled with ... View more

GCC non-oil growth expected to grow by 3.3pc

January 3, 2017

The GCC region s non-oil growth is projected to rise gradually from 2.5 per cent this year to 3.3 per cent by 2018 as the economies gradually digest the ongoing reforms according to a regional economi... View more

ME cloud data center traffic to grow 440pc

December 18, 2016

Cloud data center traffic in the Middle East and Africa will grow 4.4-fold by 2020 to reach 451 exabytes per year up from 105 exabytes per year in 2015 growing at a CAGR of 34 per cent a report said. ... View more

Qatar’s sanitary ware market to grow at 9pc by 2021

December 9, 2016

Qatar s sanitary ware market is projected to grow at a compound annual growth rate (CAGR) of over nine per cent during 2016 to 2021 said a report by TechSci Research a global management consulting fir... View more

GCC plastic processing to grow 3pc this year

December 4, 2016

The plastics processing industry in the GCC is expected to grow at a little over three per cent while total polymer demand is estimated to be just less than five million tonnes by the end of 2016 a re... View more

Iran’s dairy products market to grow at 22pc

November 30, 2016

Iran s dairy products market is projected to grow at a high compound annual growth rate (CAGR) of around 22 per cent during 2016 to 2021 according to report by TechSci Research a research based global... View more

Japanese companies grow by 19pc in Dafza

November 16, 2016

The number of Japanese companies in the Dubai Airport Freezone Authority (Dafza) grew by 19 per cent at the end of the third quarter of 2016 over the same period in 2015. Companies involved in automob... View more

UAE food sales projected to grow by 7pc

November 6, 2016

UAE food sales are projected to grow by an annual average of 7.3 per cent between 2015 and 2020 according to a new BMI report commissioned by Dubai World Trade Centre (DWTC). The report was released i... View more

Offshore wind power could grow more than 650pc

October 31, 2016

Offshore wind power has the potential to grow from just 13 gigawatts (GW) in 2015 to 100 GW in 2030 marking a growth of more than 650 per cent according to new analysis from the International Renewabl... View more

World air cargo traffic to grow at 4.2pc: Boeing

October 29, 2016

Global air cargo traffic will grow at an annual rate of 4.2 per cent over the next 20 years with 930 new and 1 440 converted freighters needed to meet market demand by 2035 according to a new report r... View more

UAE facility management market to grow over 9pc by 2021

October 28, 2016

The facility management market in the UAE is anticipated to grow at a compound annual growth rate (CAGR) of over nine per cent during 2016-2021 on account of the booming commercial sector and increasi... View more

Oil spill management market poised to grow by leaps

April 25, 2016

After reaching 94.2 billion in 2013 global oil spill management market is now expected to reach 125.62 billion by 2022 growing at an estimated CAGR of 3.2 per cent from 2015 to 2022 according to a new... View more

Reserves grow modestly as crude oil production climbs

March 28, 2016

The world s crude oil reserves totalled 1.656 trillion barrels at year-end 2015 compared with 1.654 trillion a year earlier while total natural gas reserves were 6.95 quadrillion cubic feet up 30.7 tr... View more

City trips set to grow

March 1, 2016

CITY trips are the fastest-growing part of the international leisure travel market as Europeans Asians North and South Americans head for attractive destinations in nearby countries and also overseas.... View more

Investors grow warier of Opec

December 7, 2015

Oil investors are paying more to bet on a rise in the price of crude than on a decline for the first time in six weeks as they prepare for the possibility of a surprise from Opec which is due to relea... View more

Global petrochemical market to grow 6.7pc through 2018

September 16, 2014

THE global petrochemical market will reach 791 billion in 2018 with an average compound annual growth rate (CAGR) of 6.7 per cent between 2012 and 2018 predicts a new report by Transparency Market Res... View more

Rosneft struggles to grow as sanctions hit

September 11, 2014

The Kremlin s prized oil firm Rosneft is cutting staff and production and selling stakes in Siberian fields in the strongest evidence to date that Western sanctions are hurting what was the world s fa... View more

ROV operations expenditure to grow to $9.7bn by 2017

April 23, 2014

DOUGLAS-WESTWOOD an energy research group in its sixth edition of the world remotely operated vehicles (ROV) operations market forecast 2013 to 2017 report says ROV operations expenditure will grow 80... View more

World land drilling rig market set to grow by 23pc by 2017

February 27, 2014

THE outlook for growth in the world drilling rig market is positive through to 2017 says a report. Following a 16 per cent dip during the economic recession in 2008-2009 operational rigs grew by 6 per... View more

Region’s homegrown brands grow into a powerful force

February 24, 2014

HOMEGROWN hotel brands from across the Middle East will have a significant presence at this year s Arabian Travel Market (ATM) in Dubai UAE. As the number of hotels in the region continues to grow una... View more

Renewable energy capacity to grow to 30,000 MW in region

December 24, 2013

THE Middle East this year enters a new era in which renewable energy will play a strategic role in delivering electric power to agriculture industry and urban areas. Total renewable energy capacity wi... View more

Mena renewables to grow 30pc by 2020

December 2, 2013

The non-hydro renewable energy capacity is poised to grow 30 fold in the Middle East and North Africa (Mena) region by 2020 thanks to the over 100 renewable energy projects in the region said a report... View more

Integrated services market to grow

August 22, 2013

THE global pump services market as estimated by global consultant Frost & Sullivan shows the market is expected to grow more than 30 per cent between now and 2016. Revenues in 2012 topped 13.3 billion... View more

Air Arabia continues to grow

March 17, 2013

Air Arabia the first and largest low-cost carrier (LCC) in the Middle East and North Africa reported that it carried a record 5 301 484 passengers in 2012 a 13 per cent growth compared to the previous... View more

Ammonia world trade volume to grow 26pc by 2015

March 3, 2013

THE president of the Gulf Petrochemical Industries Company (GPIC) Abdulrahman Jawahery says he expects to see an increase in the world production of ammonia to about 186 million tonnes by the year 201... View more

Saudi electricity output to grow 49pc through 2019

February 7, 2013

Saudi Arabia has earmarked around SR502.5 billion ( 134 billion) for power generation and water projects in a bid to raise electrical generation at 49 per cent through 2019 said organisers ahead of an... View more

EPC market set to grow steadily

October 24, 2012

LEADING engineering and project management consultant Mott MacDonald expects the oil and gas market to grow steadily in the Middle East over the next five years but skilled staff shortages and competi... View more

Unimac’s infrastructure prowess continues to grow

September 20, 2012

UNITED Maintenance & Contracting Company (Unimac) is a specialised engineering and contracting company established in Riyadh in the 1970s focusing exclusively on the design construction and maintenanc... View more

Emirates continues to grow with Erbil launch

August 26, 2012

EMIRATES commenced its new non-stop service between Dubai and Erbil city in Iraq making it the eleventh destination launched by the airline this year. The new route marks Emirates newest destination i... View more

Millennium Offshore Services to grow through acquisitions

June 25, 2012

RIDING high on the recent acquisition of its jack up accommodation unit Burj offshore accommodation specialists Millennium Offshore Services (MOS) plans to continue its strategy for growth through acq... View more

Kuwait petchem sector to grow, but rather slowly

April 30, 2012

THE petrochemical sector in Kuwait has expanded despite the global recession and losses incurred by producers in various parts of the world. Expansion of basic petrochemical production in the Middle E... View more

Saudi petrochemical sector to grow 9pc

March 26, 2012

Despite adverse market conditions the Saudi petrochemical sector is expected to grow this year backed by new production plants and feedstock advantage a report said. NCB Capital forecast that in spite... View more

Worldwide oil production steady; reserves grow

March 26, 2012

WORLDWIDE oil reserves showed an increase to 1.52 trillion barrel at the end of 2011 from 1.47 trillion reported in December 2012 a survey reports. The bump in oil reserves is largely due to additions... View more

City Seasons expects demand for meetings space to grow

February 27, 2012

THE meetings market is set to be a key growth area this year according to the UAE-headquarted City Seasons Hotels. Director of sales and marketing City Seasons Hotel and City Seasons Suites Dubai Syed... View more

PTT oil revenues to grow 10pc

January 5, 2012

PTT Thailand s top energy firm said it expected 2012 revenue growth of about 10 per cent on the back of the country s economic growth forecasts and stable oil prices. State-controlled PTT expected ave... View more

Mideast online travel bookings grow unabated

November 22, 2011

The region s travel agents are diversifying their traditional booking channels in the face of increasing competition from technology as business and leisure travellers make the move from offline to on... View more

Oil imports grow rapidly as demand outstrips supply

August 28, 2011

SINGAPORE will account for 3.71 per cent of Asia Pacific regional oil demand by 2015 while not contributing to supply forecasts a latest oil and gas report. Regional oil use of 20.6 million barrels pe... View more

Sultanate to grow tourism GDP

July 28, 2011

OMAN s Ministry of Tourism recently set up a committee representing the local tourism industry aimed at enhancing the sultanate s tourism strategy and laying down an effective action plan to maintain ... View more

Autograph Collection continues to grow in Europe

July 28, 2011

AUTOGRAPH Collection Marriott International s fastest growing brand has announced that six luxury Boscolo Hotels in Europe will join the collection. The collection a group of exceptional independent l... View more

New tourism body on a mission to grow Fujairah’s potential

February 1, 2011

TOURISM in Fujairah has long been underplayed in comparison to her more glamorous neighbours. However officials are now working hard to redefine the emirate s tourism potential with the newly establis... View more

Visitor numbers continue to grow in Thailand

November 28, 2010

THE number of foreign tourists visiting Thailand throughout this year is expected to rise by 10 per cent to at least 15.5 million earning the country Bt536 billion ( 17 billion) in revenue according t... View more

Yokogawa to stay and grow with local human resources

September 20, 2010

YOKOGAWA the 3 billion company engaged in cutting-edge research and innovation is investing significantly in Saudi Arabia to stay and grow with human resources sourced from within the kingdom. We are ... View more

BASF committed to grow plastic additives in Mideast

September 20, 2010

BASF and Astra Polymer Compounding Saudi Arabia have decided to discontinue plans for a joint venture to produce customer specific antioxidant blends (CSB) in the Middle East region. The joint venture... View more

Visitor numbers to grow by 500 per cent

April 29, 2010

Oman is aiming to attract 12 million tourists per year by 2020 almost five times the current number. The sultanate has one of the fastest growing tourism sectors in the world but the focus on developm... View more

Oil imports grow rapidly as demand outstrips supply

April 26, 2010

THE latest Indonesia oil and gas report forecasts that the country will account for 4.38 per cent of Asia Pacific regional oil demand by 2014 while providing 11 per cent of supply. Regional oil use of... View more

Renewable energy market to grow 25pc annually

September 7, 2009

THE alternative energy sector is expected to grow 25 per cent annually and account for almost 70 per cent of the global energy market through 2030. The sector s current 150 billion share of the estima... View more

Global oil field tools demand to grow 5pc through 2012

July 26, 2009

The world oil field equipment market is projected to increase five per cent per year through 2012 to 70 billion says a new industry study World Oilfield Equipment released by reportlinker.com. This wi... View more

China fuel demand to grow 3pc in 2009-10

April 19, 2009

China s consumption of main transportation fuels may expand by nearly 3 per cent in each of the coming two years despite slowing economic growth a researcher with top state oil group CNPC said. Fuel c... View more

Pilgrimage and low budget hotel sectors destined to grow

February 25, 2008

How big was ITB 2007? How about this year? ITB Berlin was fully booked last year and will be fully booked this year. Overall around 11 000 companies from 180 countries and territories will be exhibiti... View more

RAK Airways to grow regionally

December 24, 2007

How has 2007 fared for RAK Airways? The year 2007 has been very productive as we have managed to successfully launch our inaugural flight after initial hardships. Our ongoing efforts for traffic right... View more

New hotels grow Kempinski portfolio

November 1, 2007

KEMPINSKI Hotels and Nesco Egypt for Tourism Investment have signed a series of management agreements for a total of five properties in Egypt Morocco and Syria. These are landmark projects to be invol... View more

Indian oil product sales to grow with economy

September 3, 2006

India s oil product sales rebounded in July after a drop in the previous month official data showed as erratic power supply forced shops to use diesel generators to run air-conditioners and prompted f... View more

World tourism set to grow 4pc for 10 years

May 31, 2006

THE world tourism industry is expected to grow an average of 4.2 per cent for the next 10 years according to World Travel and Tourism Council president Jean-Claude Baumgarten. He was speaking to media... View more

Real estate market to grow 50pc

May 29, 2006

The real estate market in the Gulf Arab state of Qatar is set to grow 50 per cent this year as the government pumps money into infrastructure and oil and gas development the CEO of a top Qatari real e... View more

Iraq expects oil exports to grow

October 16, 2005

Iraq expects oil exports to rise by about 300 000 daily by January when a new government is elected with authority to decide on foreign involvement in the sector the head of Iraq s Energy Council said... View more

Malaysian LNG output to grow

October 2, 2005

Malaysia could raise production capacity at its LNG complex the world s largest by about 20 per cent in five years and is likely to sound off potential customers a senior industry source said. The liq... View more

Gulf refining set to grow

September 25, 2005

Saudi Arabia s oil minister said his country is eyeing a new export refinery as Qatar s oil minister also revealed plans for a 200 000 barrel per day (bpd) plant during Opec talks in Vienna. Saudi Ara... View more

‘MTF continues to grow’

August 29, 2005

With less than a week to go before the Mediterranean Travel Fair 2005 (MTF) throws open it doors the organisers are busy preparing themselves to welcome a larger-than-anticipated audience of internati... View more

Concerns grow over Opec output for Q4

May 15, 2005

Even if Opec pumps at full capacity it may not be able to meet strong fourth quarter demand without sufficient inventories being built up beforehand Algeria s oil minister said. Chakib Khelil said he ... View more

Refad Hotels set to grow

April 30, 2005

Refad Hotels & Resorts is one of the most aggressive new hotel chains giving hotel owners a worldwide exposure reservations and effective management enhancing the profitability of its hotels through i... View more

Qatar spa market poised to grow

April 6, 2005

Qatar is looking forward to the opening in 2006 of what is reported to be the region s largest spa facilities at the planned Al Sharq Village Resort and Spa which is being constructed for Qatar Nation... View more

Habtoor Hospitality will continue to grow

January 4, 2005

What is Habtoor s plan for 2005? During 2005 Habtoor Hospitality the hotel division of the Al Habtoor Group will be opening two prestigious properties. The first the Habtoor Grand Hotel Convention Cen... View more

FMQ continues to grow in new fields

September 27, 2004

FMQ the Saudi-based multi-disciplined project management FMQ continues to grow in new fields and construction firm continues to be amongst the leaders in its field and is committed to further improve ... View more

Tourism sector in Al Ain expected to grow

January 12, 2004

Mubarak Al Muhairi director general of the Al Ain Economic Development & Tourism Promotion Authority joined members of his team in showcasing the tourism offering - and growth potential - of Al Ain to... View more

Agents help firm to grow

May 24, 2003

Hi-Force is a leading UK based manufacturer of an extensive range of high-pressure hydraulic and pneumatic tools. In support of its product range Hi-Force has established regional offices and distribu... View more

Pipelines forcast to grow by 50,000km

October 21, 2002

Almost 50 000 km of pipeline is forecast to be installed globally over the next five years according to the new second edition of The World Offshore Pipelines and Umbilicals Report 2002-2006 published... View more

Refining capacity to grow as plants are upgraded

March 25, 2002

Saudi Arabia s oil refining capacity will grow from 1.8 million barrels per day (bpd) at present to 2.5 million bpd by 2006. The capacity expansion will be met through upgrades to existing plants and ... View more

Shell bonds grow stronger

March 25, 2002

The Royal Dutch/Shell Group has played a significant role in Saudi Arabia s industrial and economic growth the relationship between the company and the Kingdom beginning in the 1940s. Shell s in-depth... View more

Insatiable Chinese thirst to grow

August 27, 2001

China s insatiable thirst for petrochemicals will keep ethylene demand growth on an even keel of about seven per cent annually over the next five years an official with a key government agency said. F... View more

Sinopec sees higher profit as sales and assets grow

June 30, 2001

China Petroleum and Chemical Corp (Sinopec) has forecast its net profit for the year ended December 31 2001 to reach Yuan 18.023 billion ( 2.18 billion) an increase of 11.57 per cent from the Yuan 16.... View more

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