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UAE's export markets grow to 230 by Sept 2020
January 19, 2021
The UAE tapped into new export and re-export markets in 2020 bringing to 230 the country s total global export markets as compared to 200 in 2019 according to the Federal Competitiveness and Statistic... View more
Asian gasoil demand to grow in 2021: S&P
January 12, 2021
The Asian gasoil market will see further demand growth in 2021 with participants expecting an upswing in consumption especially in the second half of the year said S&P Global Platts a leading provider... View more
Dubai economy forecast to grow by 4% in 2021
December 24, 2020
Dubai s economic growth is expected to accelerate to 4% in 2021 taking into account prevailing conditions and the outlook for the global economy said Sami Al Qamzi Director General of Dubai Economy. A... View more
Demand for stand-up pouches to grow 6%
December 13, 2020
Through 2024 demand for stand-up pouches is expected to increase 6% annually according to a new Freedonia Group analysis. Rapid expansion is expected in nearly all major food and nonfood markets as st... View more
Hong Kong exports expected to grow 5% in 2021
December 10, 2020
The HKTDC Export Index published by the Hong Kong Trade Development Council (HKTDC) increased further in the fourth quarter of 2020. The index has now risen for three consecutive quarters - rebounding... View more
Global telco cloud revenue to grow to $29.3bn
November 25, 2020
Global telco cloud revenue will grow to 29.3 billion by 2025 up from 8.7 billion in 2020 at a 5-year Compound Annual Growth Rate (CAGR) of 27%. The telco cloud growth will be driven primarily by cloud... View more
Menap e-commerce and digital payments to grow in 2021
November 15, 2020
Across eight countries in the Middle East & North Africa Pakistan (Menap) region 47% of consumers say they expect to shop online more frequently over the next year. Only 15% expect their online shoppi... View more
Global public cloud revenue to grow to $258bn
November 4, 2020
The global public cloud services market is projected to grow by 6.3% in 2020. That would see the sector go up from a value of 242.7 billion in 2019 to 257.9 billion in 2020. Due to the global pandemic... View more
Emirati LNG exports grow by 7.6pc in Q2, says report
October 8, 2020
The UAE s liquefied natural gas (LNG) exports stood stable at 1.4 million tonnes in the second quarter of 2020 registering a growth of 7.6 per cent compared to the same period last year according to r... View more
Industrial protective fabrics market to grow 14.4%
October 8, 2020
The global industrial protective fabrics market which accrued revenue worth 3.1 in 2019 will register a CAGR of nearly 14.4% during the period from 2020 to 2026 a report said. The Industrial Protectiv... View more
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
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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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