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Oman's oil and gas sector to grow 14%

September 22, 2020

Oman s oil and gas industry is expected to grow at a compound rate of 14 per cent during the period from 2020 to 2027 a new report prepared by the CMFE Insights Research Foundation has said. The repor... View more

UAE construction sector to grow by 3.8pc in 2021, says expert

September 15, 2020

The UAE construction industry is expected to grow by 3.8 per cent in 2021 according to latest market research by leading international construction consultancy Linesight. With the ongoing economic vol... View more

Polymer emulsion market to grow 8.6% to $38bn by 2025

September 8, 2020

The global polymer emulsion market size is projected to grow from an estimated value of 25.2 billion in 2020 to 38.1 billion by 2025 at a CAGR of 8.6% during the forecast period says a report. The gro... View more

Mideast construction chemicals sector to grow 5.5pc by 2024

August 24, 2020

The Middle East construction chemicals sector is expected to grow by 5.5 per cent compound annual growth rate by 2024 shrugging off Covid-19 after-effects that threatened to cripple most industries. T... View more

Dubai airport passenger traffic numbers grow

August 17, 2020

Dubai Airport has witnessed a dramatic increase in the arrival of travellers at the airport since the emirate reopened its doors to tourists on July 7 a report said. Everyday we have more than 20 000 ... View more

UAE courier market set to grow by 7.5% annually

July 27, 2020

The UAE s courier express and parcel (CEP) market is expected to post 7.5 per cent compound annual growth rate between 2020 to 2025 due to demand generated by the coronavirus outbreak across the globe... View more

Public cloud revenue to grow 6.3% in 2020: study

July 26, 2020

The worldwide public cloud services market is forecast to grow 6.3% in 2020 to total 257.9 billion up from 242.7 billion in 2019 said leading research and advisory firm Gartner in a new report. Deskto... View more

Saudi economy to grow 3% during 2021-24

July 21, 2020

Saudi Arabia s economy is expected to grow at an average rate of around 3% during 2021-24 nearly double the average during 2015-19 (1.6%) but lower than the 4.1% growth rate recorded during 2005-14 Mo... View more

UAE millionaires number to grow by 4.2pc annually: BCG

July 20, 2020

The number of millionaires in the UAE is expected to grow by 4.2 percent annually over the coming years said global management consultancy Boston Consulting Group (BCG) in a new report adding that 48.... View more

New digital initiative to help SMEs grow amid Covid-19

July 7, 2020

Gulf Capital SME Insights a new digital initiative by Gulf Capital and MEED-GlobalData has been launched to support the region s small and medium enterprises (SME) economy. The digital platform will p... View more

Saudi construction equipment market set to grow 4.79pc by 2025

July 5, 2020

The Saudi construction equipment market is poised for solid growth over the next five years thus registering a CAGR of 4.79 per cent during the forecast period of 2020-2025 according to a new survey b... View more

Saudi mortgages likely to grow 40% in 2020: report

June 17, 2020

Mortgage growth in Saudi Arabia is likely to be strong having already clocked more than 50% of 2019 disbursements in the first four months of 2020 a report said. Even during the curfew months of April... View more

Islamic finance to grow at slower pace in 2020-21: S&P

June 15, 2020

The global Islamic finance industry will show at best stable total assets or low-single-digit growth in 2020-2021 after strong performance in 2019 underpinned by a more dynamic sukuk market said S&P G... View more

Green energy capacity to grow despite Covid-19: IEA

May 22, 2020

Overall global renewable power capacity is expected to grow by 6 per cent in 2020 surpassing the total power capacity of North America and Europe combined despite the slowdown in new additions said th... View more

GM reveals new batteries; plan to grow EV portfolio

March 5, 2020

General Motors Co has revealed new Ultium batteries and a flexible global platform to rapidly grow its electric vehicle (EV) portfolio. GM gathered hundreds of employees dealers investors analysts med... View more

UAE aviation sector set to grow 170pc by 2037

January 28, 2020

The UAE aviation sector is expected to achieve a robust growth of 170% by 2037 thanks to the great priority given by UAE leaders to this sector said Sultan bin Saeed Al Mansouri UAE Minister of Econom... View more

GCC video surveillance storage market to grow 6.6pc by 2025

January 23, 2020

The GCC video surveillance storage market is expected to grow at a compound annual growth rate (CAGR) of 6.6 per cent during 2019 to 2025 according to a report by 6Wresearch a global market research a... View more

MEA biometrics market ‘set to grow at over 21pc’

January 15, 2020

The Middle East and Africa biometrics market is being forecast to surge at a 21.25 per cent compound annual growth rate until 2027 with cloud-based biometrics identified as a growth driver said intern... View more

Millennium plans to grow Saudi footprint

January 2, 2020

MILLENNIUM Hotels & Resorts MEA the region s fastest-growing hotel management company has revealed ambitious development plans for Saudi Arabia with a goal of operating 25 hotels kingdom-wide by 2025.... View more

Millennium Hotels plans to grow footprint in Saudi Arabia

December 22, 2019

Millennium Hotels & Resorts MEA has revealed ambitious development plans for Saudi Arabia with a goal of operating 25 hotels kingdom-wide by 2025. The group which currently operates nine hotels across... View more

Flying drone shipments to grow 50pc in 2020: Gartner

December 5, 2019

Worldwide shipments of Internet of Things (IoT) enterprise drones (defined as flying drones) will total 526 000 units in 2020 an increase of 50 per cent from 2019 said Gartner a leading research and a... View more

Global RFID market to grow 9.9pc

December 4, 2019

The global radio-frequency identification (RFID) tags market is expected to witness a strong compound annual growth rate (CAGR) of 9.9 per cent over the course of the forecast period. The market is pr... View more

ME industrial refrigeration market to grow 7.3pc

December 3, 2019

The Middle East industrial refrigeration systems market revenues are projected to grow at a compound annual growth rate (CAGR) of 7.3 per cent during 2018 to 2024 according to a report by 6Wresearch. ... View more

GCC aluminium industry 'will continue to grow'

November 20, 2019

The GCC aluminium industry will continue to grow despite the current economic challenges being faced by the global aluminium industry noted leading aluminium producers and manufacturers gathered at th... View more

India's oil demand to grow two-fold to 9m bpd by 2040: IEA

November 17, 2019

In an augury that recent initiatives between India and Gulf states such as the UAE and Saudi Arabia are on the right course the International Energy Agency (IEA) has forecast that India s oil demand w... View more

Gulf hospitality sector to grow $32.5bn by 2022

November 12, 2019

The overall outlook for the Middle East hotels sector remains positive with the Gulf hospitality sector leading the charge and predicted to grow to 32.5 billion by 2022 this according to Alpen Capital... View more

Global economy likely to grow by 3pc this year: IMF

October 20, 2019

The global economy is projected to grow by about three percent this year but the pace has continued to weaken since April according to the International Monetary and Financial Committee (IMFC). Growth... View more

Global steel demand to grow by 3.9pc on China strength

October 14, 2019

The World Steel Association has revised its 2019 short-range outlook (SRO) for steel demand higher at its General Assembly in Monterrey Mexico on Monday on the back of resilient Chinese demand. Provid... View more

Saudi fire safety equipment, systems market to grow by 5.6pc

September 18, 2019

The fire safety equipment and systems market in Saudi Arabia will witness a remarkable growth of 5.6 per cent during the next five years according to an industrial report discussed during the Saudi In... View more

Gas, renewables demand will grow: report

September 12, 2019

Gas and variable renewables will be the only energy sources for which demand is higher in 2050 than today according to a new forecast of the energy transition by DNV GL. However they must work togethe... View more

Golf tour operator sales continue to grow

September 11, 2019

Worldwide golf tour operator sales notched up a seventh consecutive year of growth in 2018 according to the 2018 Golf Tourism Report by global golf tourism industry association IAGTO. Golf tour operat... View more

Dubai’s economy to grow at 2.5pc through 2022: S&P

September 3, 2019

Dubai s economic growth is expected to pick up averaging about 2.5 per cent annually over 2019-2022 supported by increased economic activity associated with Expo 2020 and after that by traditional gro... View more

Enterprise, automotive IoT to grow 5.8 billion endpoints in 2020

September 3, 2019

The enterprise and automotive Internet of Things (IoT) market will grow to 5.8 billion endpoints in 2020 a 21 per cent increase from 2019 according to a forecast by Gartner a leading research and advi... View more

Global infrastructure spend ‘to grow by 4.8pc to 2023’

August 19, 2019

Global infrastructure construction is forecast to grow by 4.8 per cent on an annual average basis in real terms between 2019 and 2023 according to GlobalData a leading data and analytics company. This... View more

Global construction additives market to grow at 6.6pc

August 13, 2019

The market for construction additives such as superplasticisers and iron-oxide pigments is expected to expand at a CAGR of 6.6 per cent from 2018 2025 said growth partnership company Frost & Sullivan ... View more

UAE’s dairy products market to grow 7pc by 2024

July 25, 2019

The UAE s dairy products market is projected to grow at a compound annual growth rate (CAGR) of over 7 per cent during 2019-2024 owing to increasing concerns about nutrition and health changing consum... View more

UAE's online F&B sales grow at a CAGR of 21pc

July 24, 2019

Internet food and beverage sales in the UAE have grown at a compound annual growth rate (CAGR) of 21 per cent between 2015 and 2018 according to a new analysis issued by Dubai Chamber of Commerce and ... View more

Riyadh hospitality sector continues to grow - report

July 18, 2019

Saudi Arabian capital city Riyadh continues to see growth in the hospitality sector fueled by increasing demand from visitors according to a new report. According to the new H1 2019 Riyadh Market Snap... View more

Global oil demand in 2020 to grow by 1.14m b/d: Opec

July 12, 2019

With global economic growth expected to remain at 3.2 per cent in 2020 world oil demand in 2020 is forecast to grow by 1.14 million barrels per day (mb/d) y-o-y a media report said citing the Opec Mon... View more

World trade projected to grow 2.6pc in 2019: WTO

June 6, 2019

Mounting trade tensions an increase in trade-restrictive measures and continuing economic uncertainty created real challenges for world trade in 2018 with trade projected to grow by just 2.6 per cent ... View more

Bahrain’s GDP to grow at 2.4pc over 3 years: S&P

June 2, 2019

Bahrain s average real GDP growth over 2019-2022 is expected to be 2.4 per cent said S&P Global Ratings in a new report. We expect the government s plans to promote infrastructure development includin... View more

Saudi economy likely to grow at 2-2.5pc over next 5 years

May 2, 2019

Saudi Arabia s economy is expected to grow at 2 to 2.5 per cent per annnum over the next five years according to report by Moody s Investors Service. The (A1 stable) credit strengths include a robust ... View more

Mideast economy to grow by 33.5pc in 2019: study

April 24, 2019

The economy in the Middle East is expected to grow this year by around 3.5 per cent finds the latest Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accounta... View more

Global aircraft video surveillance systems demand to grow

April 18, 2019

The global demand for commercial aircraft video surveillance systems is expected to remain strong at an estimated compound annual growth rate (CAGR) of 5.1 per cent over 2018 to 2028 according to a re... View more

GCC health services to grow at 12pc in 2019: study

April 18, 2019

GCC countries will represent 13 per cent of global revenues for healthcare products in 2019 with services growing at 12 per cent said growth partnership company Frost & Sullivan in a new report. The r... View more

UAE’s GDP to grow 4.7pc to $455bn in 2019: IMF

April 18, 2019

The International Monetary Fund (IMF) has forecast the UAE s nominal Gross Domestic Product (GDP) to grow 4.7 per cent to Dh1.673 trillion ( 455 billion) in 2019 compared to Dh1.589 trillion a year ag... View more

Global plastics, rubber industry to grow 4pc annually

April 17, 2019

The global plastics and rubber industry has continued to achieve annual growth rates of between 4 per cent and 5 per cent since the turn of the millennium with the Middle East witnessing phenomenal ex... View more

Mideast polyethylene capacity ‘set to grow at 6.3pc’

April 17, 2019

Polyethylene capacity in the Middle East is expected to increase from 20.80 metric tonnes per annum (mtpa) in 2018 to 28.52 mtpa in 2023 at an average annual growth rate (AAGR) of 6.3 per cent said Gl... View more

Global chlorine capacity to grow 5pc by 2023

April 15, 2019

Global chlorine capacity is poised to see growth over the next five years potentially increasing from 83.03 million tonnes per annum (mtpa) in 2018 to 87.04 mtpa in 2023 registering a total growth of ... View more

UAE LED lighting market to grow by 12.1pc

April 8, 2019

The UAE LED lighting market is expected to register a compound annual growth rate (CAGR) of 12.1 per cent from 2019 to 2023 on the back of the construction of commercial and hospitality space said a r... View more

Ultra-rich numbers to grow 20pc in Middle East

March 6, 2019

Global Ultra-high-net-worth individuals (UHNWI) population (those with 30 million and more in net assets) is forecast to rise by 22% over the next five years according to a new report. In the Middle E... View more

Bio-based polymers capacity, market to grow 4pc

February 28, 2019

The capacities and production of bio-based polymers will grow at a compound annual growth rate (CGAR) of about 4 per cent until 2023 a report said. This will be at about the same rate of growth of pet... View more

Saudi auto services market set to grow 6pc

February 27, 2019

Saudi Arabia s auto services and spare parts market is estimated to grow 6 per cent annually over the next five years it was revealed at the Automechanika Jeddah 2019. More than 80 exhibitors from 15 ... View more

Global ammonia capacity to grow 20pc by 2023

February 19, 2019

Global ammonia capacity is poised to see a growth of 20 per cent over the next five years according to a report by GlobalData a leading data and analytics company. The capacity will potentially increa... View more

Individual firms grow by 16pc in Saudi Arabia

February 18, 2019

The Saudi Arabian Ministry of Commerce and Investment has revealed that the total number of individual firms grew by 16 per cent in 2018 to 945 278 while the limited liability companies (LLCs) increas... View more

Region poised to grow as hub for ethylene industry: Minister

February 13, 2019

The Middle East region is poised to grow as a hub for the ethylene industry because of its ability to provide raw materials at a competitive price Bahrain s Oil Minister Shaikh Mohammed bin Khalifa Al... View more

Tourism sector's share in Bahrain GDP set to grow

January 7, 2019

The tourism sector s share in Bahrain s economy is expected to grow to 8.3pc in 2022 from 6.5 per cent last year said Bahrain Tourism and Exhibitions Authority (BTEA) CEO Shaikh Khaled bin Hamoud Al K... View more

UAE's real GDP expected to grow 3.7pc in 2019

January 5, 2019

The outlook for the UAE economy is highly positive despite global headwinds with the country s real gross domestic product (GDP) is expected to grow 3.7 per cent this year reported state news agency W... View more

Data storage needs ‘likely to grow 40pc annually’

December 24, 2018

The global data centre market is expected to see an 11 per cent compound annual growth rate (CAGR) increase between 2016 and 2020 with data storage requirements expected to grow 40 per cent year-on-ye... View more

Cryptojacking set to grow in 2019: Eset

December 24, 2018

Cases of cryptocurrency mining and cryptojacking will continue to grow in 2019 as attackers target smart devices and home assistants to build cryptomining farms according to Eset s latest trends repor... View more

Retail sales across four Gulf states to grow by $24bn

December 10, 2018

Retail sales across four Gulf countries are projected to increase by more than 24 billion over the next five years with the UAE expected to lead this trend with an estimated growth rate of 16 per cent... View more

Global wearables sales to grow 26pc in 2019: Gartner

December 6, 2018

Worldwide shipments of wearable devices will reach 225 million in 2019 an increase of 25.8 per cent from 2018 according to leading research and advisory firm Gartner in a new report. End-user spending... View more

Halal travel to grow, says ITB

December 1, 2018

International trips by Muslims have experienced high growth rates over the last decade says research by ITB Berlin and IPK International also citing city breaks and shopping as particularly favoured h... View more

International tourist arrivals grow 5pc

November 29, 2018

International tourist arrivals grew 5 per cent year-on-year in the first nine months of 2018 according to the latest figures on world tourism issued by the World Tourism Organization (UNWTO). This ref... View more

Oil plunges to new three-year low as glut fears grow

November 24, 2018

Oil notched its biggest weekly loss since the depths of the last price crash as record Saudi output pressure from US President Donald Trump and a global stock sell-off intensified crude s freefall rep... View more

Global IT spending to grow 3.2pc in 2019: Gartner

November 12, 2018

Worldwide IT spending is projected to total 3.8 trillion in 2019 an increase of 3.2 per cent from expected spending of 3.7 trillion in 2018 according to the latest forecast by research and advisory fi... View more

Non-oil drives Bahrain’s economy to grow 2.4pc in Q2

October 31, 2018

Bahrain s headline real growth rate increased sharply in the second quarter of 2018 to an annual pace of 2.4 per cent according to the latest Bahrain Economic Quarterly Report (BEQ) published by Bahra... View more

Arab Bank 9-month profits grow 7pc to $643m

October 28, 2018

Arab Bank Group reported net income after tax for the nine month period ended September 30 of 643million compared to 601 million in the prior period recording a growth of 7 per cent. The Group s net i... View more

Mena enterprise IT spend ‘will grow 9.8pc in 2019’

October 22, 2018

Mena spending on enterprise information security technology and services is on pace to reach 1.9 billion in 2019 an increase of 9.8 per cent over 2018 according to the latest forecast from research an... View more

Thailand numbers grow; new hotels come up

October 1, 2018

Bangkok welcomed visitor arrivals of 22 657 730 over the period January to July 2018 up by 11 per cent over the same period of 2017 according to preliminary figures tabulated by the Ministry of Touris... View more

Iraq’s demand for dairy products to grow by 8pc

September 26, 2018

The demand for dairy products in Iraq is expected to rise at a compound annual growth rate (CAGR) of 8 per cent by 2025 according to a recent study conducted by Frost & Sullivan a business consulting ... View more

MEA UPS market ‘set to grow at 4pc through 2024’

September 20, 2018

Growing investment in commercial sector with ambitious government visions will drive the Middle East and Africa (MEA) uninterruptible power supply (UPS) market revenues to grow at a CAGR of 4.1 per ce... View more

Middle East power tools market to grow by 9pc

September 12, 2018

The Middle East power tools market is projected to grow at a compound annual growth rate (CAGR) of 9.0 per cent during 2018 to 2024 according to a recent report by 6Wresearch a global market research ... View more

India's AC market 'to grow at 17pc CAGR by 2023'

September 11, 2018

India s air conditioners market is poised for solid growth with a CAGR (compound annual growth rate) of over 17 per cent over the next five years thanks to the soaring temperature rising technological... View more

Saudi thermostats market to grow at 2.8pc: study

August 15, 2018

Saudi Arabia s thermostats valves & actuators and damper actuators market is set to grow at a compound annual growth rate (CAGR) of 2.8 per cent during 2018-24 said a report from6Wreseaerch a global m... View more

Iraq’s air conditioner market to grow 5.7pc

August 9, 2018

Iraq s air conditioner market is forecasted to grow at a compound annual growth rate (CAGR) of 5.7 per cent during 2018 to 2024 according to a new report by 6Wresearch a global market research and con... View more

Saudi solar panel market ‘to grow at 30pc CAGR’

July 23, 2018

New projects such as 200 billion 200 GW solar power plant and the 130 million Al-Khafji solar powered water desalination plant would drive Saudi Arabia s solar panel market to grow at a CAGR of 30.2 p... View more

UAE construction equipment rental market to grow 3.3pc

July 10, 2018

The UAE construction equipment rental market revenues are projected to grow at a CAGR of 3.3 per cent during 2018-24 according to a study. The market has registered substantial growth as a result of i... View more

Saudi M&A deals ‘set to grow over next 2 years’

July 9, 2018

Merger and acquisition (M&A) activity in Saudi Arabia will increase in the coming two years said KPMG Al Fozan & Partners an audit tax and advisory services provider in the kingdom. KPMG said that the... View more

Saudi Arabia canned food market to grow 1.9pc

June 28, 2018

Saudi Arabia s canned food market is expected to register positive compound annual growth rate (CAGR) of around 1.9 per cent during the period 2018-2022 said a report from Ken Research a leading marke... View more

Carsharing fleet size to grow by 13.2pc globally

May 30, 2018

The overall carsharing vehicle parc is expected to expand from 983 000 in 2017 to 1 237 000 in 2018 driven by motorists desire to use alternative modes of transport the rise in employee mobility optio... View more

Adnoc in talks to grow downstream business

May 22, 2018

The Abu Dhabi National Oil Company (Adnoc) said it is receiving considerable interest from potential partners as it explores a range of new growth options to accelerate the delivery of its recently an... View more

Mena energy needs set to grow at 6.4pc: Apicorp

May 15, 2018

The power capacity requirements of the Mena region are expected to increase at an annual rate of 6.4 per cent until 202 according to a new research released by Arab Petroleum Investments Corporation (... View more

Saudi Arabia UPS systems market to grow by 4.5pc

April 30, 2018

Saudi Arabian uninterruptible power supply (UPS) systems market revenues are projected to grow at a compound annual growth rate (CAGR) of 4.5 per cent during 2018 to 2024 according to report by 6Wrese... View more

Global IT spending to grow 6.2pc in 2018: Gartner

April 23, 2018

Worldwide IT spending is projected to total 3.7 trillion in 2018 an increase of 6.2 per cent from 2017 according to the latest forecast by leading research and advisory company Gartner. Although globa... View more

Managed cloud services ‘set to grow at 27pc’

April 12, 2018

Managed cloud services market is expected to grow at a CAGR of 27 per cent to reach Dh31.2 billion ( 8.5 billion) by 2022 in the Middle East said STME a top IT solutions provider citing a report from ... View more

Mena fintech market to grow to $2.5bn by 2022

April 9, 2018

The current Mena fintech market is estimated at 2 billion and expected to witness an annual growth of 125 million until 2022 according to Mena Research Partners (MRP) a leading research company in the... View more

Saudi pillow market to grow at 7.2pc: study

April 3, 2018

Saudi Arabia s pillow market is expected to grow at a compound annual growth rate (CAGR) of 7.2 per cent during 2018-24 a report said noting that with stabilization of oil prices the consumer buying p... View more

Saudi cable tray market revenues to grow 12pc

March 25, 2018

The Saudi Arabian Cable Tray market revenues are projected to grow at a compound annual growth rate (CAGR) of 12.1 per cent during 2018-24 according to a new report published by 6Wresearch a global ma... View more

Saudi hospitality sector to grow 13.5pc

February 20, 2018

According to a new report recent reforms in Saudi Arabia not to mention widespread investment in the kingdom s burgeoning tourism industry will drive a hospitality growth of 13.5 per cent compound ann... View more

GCC’s demand for iron, steel casting to grow by 5pc

January 17, 2018

The GCC s demand for iron and steel casting is expected to grow by 5 per cent over the next five years according to a report from Frost & Sullivan a business consulting firm involved in market researc... View more

Digital textile printing market to grow 18pc by 2021

January 15, 2018

The digital textile printing market is expected to grow at an impressive compound annual growth rate (CAGR) of more than 18 per cent globally till 2021 according to a recent data. International Expo C... View more

Dubai economy set to grow by 3.5 per cent in 2018

January 11, 2018

Diversification and the high degree of openness in Dubai along with the positive impact of global trends will boost economic growth in the emirate in 2018 and beyond by 3.5 per cent according to the D... View more

VAT registrations grow 73pc in UAE

December 25, 2017

Dubai-based Al Dhaheri Jones & Clark (ADJC) a leading accounting and tax consultation firm has reported a 73 per cent growth in VAT (value-added tax) registrations. The company anticipates further sur... View more

Saudi UPS market set to grow at 4pc: study

December 12, 2017

Emerging IT/ITeS market rising SME sector growing data center spending as well as booming tourism and hospitality sectors will drive Saudi Arabia s UPS (uninterruptible power supply) market revenue to... View more

Television market in MEA to grow 30pc by 2021

December 4, 2017

The television market in the Middle East and Africa (MEA) is expected to grow by 30 per cent from 2016 to 2021 an increase in value of almost 3.5 billion making the MEA region one of the fastest growi... View more

GCC economy to grow 2.5pc in 2018: Moody’s

December 4, 2017

The GCC region s economy will grow near 2.5 per cent in 2018 according to new forecasts from Moody s Analytics a leading provider of economic forecasts and data. Stable energy prices will underpin thi... View more

Dubai economy set to grow by 3-4pc in 2017-2018

November 21, 2017

Dubai s economy is expected to grow by 3-4 per cent in the 2017-2018 Hamad Buamim President and CEO of Dubai Chamber of Commerce and Industry said at a Meet the CEO event organised by the Government o... View more

Global oil demand to grow 1.51mbpd in 2018: Opec

November 17, 2017

World oil demand is expected to rise by 1.53 million barrels per day (mbpd) in 2017 after an upward adjustment of 74 000 barrels per day (bpd) to account for the better-than-expected performance of Ch... View more

DGCX currency volumes grow 225pc in October

November 2, 2017

The Dubai Gold & Commodities Exchange (DGCX) witnessed increased trading volumes in its G6 currencies and Indian SSF as traders sought protection from increasingly erratic sentiment. DGCX s G6 Currenc... View more

Digital Influencers grow in importance on the global stage

October 25, 2017

A series of sessions looking at how destinations and travel brands can work with digital influencers will take place on the Global Stage at this year s WTM London the leading global event for the trav... View more

Service robots use to grow 24pc

October 18, 2017

The installed base of service robots reached 29.6 million worldwide at the end of 2016 and the installed base of active service robots worldwide is expected to reach 264.3 million by 2026 at a compoun... View more

World oil demand likely to grow by 1.4 mbpd in 2018

October 12, 2017

World oil demand in 2018 is anticipated to grow by 1.4 mbpd following an upward adjustment of 30 000 b/d over the previous projection due to the improving economic outlook in the world economy particu... View more

Africa’s hotel supply projected to grow 11pc

October 9, 2017

The hospitality sector in Africa is showing promising growth with over 300 hotel projects in the pipeline adding 57 011 rooms - which accounts for 11.0 per cent of the continent s existing room supply... View more

WTM London to help grow Middle East tourism numbers

October 4, 2017

Travel professionals from the Middle East are heading to WTM London in November in confident mood as they look to achieve a greater share of the multi-billion-dollar international travel market. WTM L... View more

Alba's partnership with downstream units to grow

September 26, 2017

Aluminium Bahrain (Alba) the first aluminium smelter in the Gulf shares a long lasting partnership with Bahrain s downstream sector and this partnership will grow even further with the launch of Alba ... View more

UAE trade to grow 4.35pc in 2017: report

September 18, 2017

UAE is expected to record a steady rise in trade of 4.35 per cent year on year in 2017 driven by a 5 per cent growth in imports and exports of 3.7 per cent according to a BMI report published recently... View more

DP World H1 revenues grow 9.6pc to $2.29bn

August 24, 2017

Dubai-based DP World a global shipping terminal operator today announced a revenue of 2.295 billion for the first half of 2017 a growth of 9.6 per cent on reported and 3 per cent on like-for-like basi... View more

UAE air freight market set to grow 4.8pc over 2017-2021

August 23, 2017

The UAE s air freight market is expected to expand by a compounded annual growth rate (CAGR) of 4.8 per cent over the 2017-2021 period according to a recent analysis by the Dubai Chamber of Commerce a... View more

‘Destruction of Service’ attacks set to grow: report

July 24, 2017

The impact of Destruction of Service (DeOS) attacks which could eliminate organizations backups and safety nets required to restore systems and data after an attack is predicted to grow in 2017 accord... View more

Global nut, dried fruit production set to grow

July 10, 2017

Top industry experts discussed and anticipated good nut and dried fruit production levels for the 2017/18 season and sustained increase in planted areas during the 2017 INC World Nut and Dried Fruit C... View more

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

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

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

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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