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Gross Premium Written to grow by 5-10pc in KSA: S&P
August 8, 2022
S&P Global Ratings foresee Gross Premium Written (GPW) in Saudi Arabia to grow by approximately 5%-10% in 2022. GPW is a closely monitored earnings metric because it reflects the growth or decline in ... View more
Electricity demand likely to grow 2.4% this year: IEA
July 25, 2022
Global electricity demand is expected to grow by 2.4% in 2022 after last year s 6% increase bringing it in line with its average growth rate over the five years prior to the Covid-19 pandemic the Inte... View more
Firms ‘leveraging NFTs to grow online communities’
July 19, 2022
Non-fungible tokens (NFTs) represent a golden opportunity for organisations looking to take back control of their brands and grow their online communities said a top official. I m seeing a trend where... View more
Rotana to grow Egypt footprint with Luxor Rotana
July 14, 2022
Rotana one of the leading hotel management companies in the region with over 100 properties across the Middle East Africa Eastern Europe and Turkey has announced the signing of the management agreemen... View more
Petrofac, Hitachi Energy to grow offshore wind market
June 28, 2022
Petrofac and Hitachi Energy have entered into a collaboration to provide joint grid integration and associated infrastructure to support the rapidly growing offshore wind market. The collaboration bui... View more
Material handling equipment market set to grow
June 15, 2022
The global material handling equipment market size is set to register significant growth through 2027 due to the growing labour costs says a study by market research firm Graphical Research. The Covid... View more
Global government IT spend to grow 5pc to $565.7bn in 2022
June 13, 2022
Worldwide government IT spending is forecast to total 565.7 billion in 2022 an increase of 5% from 2021 according to Gartner a technological research and consulting firm. Government IT spending in the... View more
Exxon to grow shareholder value by meeting twin objectives
May 26, 2022
Hydrocarbon major ExxonMobil has said it plans to grow shareholder value by delivering solutions that meet the twin objectives of meeting the global need for energy and lowering greenhouse gas emissio... View more
Mastercard and OPay to grow cashless ecosystem
May 19, 2022
Mastercard and fintech giant OPay have announced a tie-up which marks a major boost for wider financial inclusion and economic prosperity by opening up digital commerce to millions of people across Mi... View more
Troon International continues to grow golf globally
May 9, 2022
During the first couple of months of 2022 Troon International golf clubs around the world have continued in their goal to increase participation in golf and encourage people to get outside and give go... View more
5G voice users to grow 780pc to 2.5 billion globally by 2026
May 4, 2022
The total number of Voice-over-5G users will reach 2.5 billion globally by 2026; rising 780% from only 290 million in 2022 a new study by Juniper Research has found. This remarkable growth will be dri... View more
Oman GDP set to grow by 5.6% in 2022: IMF
April 21, 2022
Oman s gross domestic product (GDP) will grow by 5.6% in 2022 and by 2.7% in 2023 said the recent report of the International Monetary Fund (IMF) titled World Economic Outlook . Oman s current account... View more
Arab economies expected to grow by 5% in 2022: AMF
April 19, 2022
Arab economies are expected to grow by 5% in 2022 supported by the increase in oil production and its prices in international markets and the continuation of stimulus packages to support economic reco... View more
Metso buys Tesab; to grow further in the mobile crusher markets
April 12, 2022
Finnish industrial major Metso Outotec has signed a deal to buy Tesab Engineering Ltd a Northern Ireland based firm offering mobile crushing equipment for aggregates applications including quarrying r... View more
Mashreq Bank launches Neopay to consolidate and grow
March 28, 2022
Mashreq Bank one of the leading financial institutions in the UAE has launched Neopay which will comprise Mashreq s leading merchant acquiring business which processes over 22 billion of annualised vo... View more
Energy investments in Mena will continue to grow: Apicorp
February 21, 2022
Energy investments in Middle East and North Africa (Mena) are forecast to grow in 2022 from 805 billion and continue in the next five years on the strength of higher oil and gas prices and planned unc... View more
Mena end-user spending on security and risk to grow 11.2pc
February 15, 2022
End-user spending on security and risk management in the Middle East and North Africa (Mena) region is forecast to hit 2.6 billion in 2022 an increase of 11.2% from 2021 according to Gartner a leading... View more
Aramex FY 2021 revenues grow 10% to record $1.65bn
February 10, 2022
Aramex a leading global provider of logistics and transport solutions has seen full year 2021 revenues grow 10% to record AED6.07 billion ( 1.65 billion) as buoyant global e-commerce continued to driv... View more
Global IT spending to grow 5.1% to $4.5trn in 2022
February 9, 2022
Worldwide IT spending is projected to total 4.5 trillion in 2022 an increase of 5.1% from 2021 said global research and advisory firm Gartner in a new report. Despite the potential impacts of the Omic... View more
Turkish food exports to UAE and the Gulf rise as ties grow
January 26, 2022
The UAE is not only Turkey s largest trading partner in the GCC region it is also a reliable business ally and a strategic link in Gulf trade. This according to Ali Can Yamanyilmaz Deputy Chairman of ... View more
Deposits at UAE banks grow 80% over 10 years
January 17, 2022
Deposits at UAE banks grew 80% to AED1 884 billion ( 512 billion) in 2020 from AED1 049 billion in 2010 according to a report by the Federal Competitiveness and Statistics Centre. The report which doc... View more
New malicious files grow daily by 5.7pc to 380,000 in 2021
December 19, 2021
In 2021 Kaspersky s detection systems discovered 380 000 malicious files per day indicating a 5.7% increase compared to 2020. This growth correlates with the continuous rise in the number of devices u... View more
DDoS attacks grow by 24% in Q3: Kaspersky
November 11, 2021
The total number of Distributed Denial of Service (DDoS) attacks increased by nearly 24% in the third quarter (Q3) of 2021 when compared to Q3 2020 said global cyber security solutions provider Kasper... View more
Mideast tourism set to grow 27% this year: WTTC
October 31, 2021
New research from the World Travel & Tourism Council (WTTC) reveals the Middle Eastern Travel & Tourism sector should grow by 27.1% this year slightly behind the global average of 30.7%. WTTC which re... View more
Driver Trett continues to grow its business in Qatar
October 27, 2021
Driver Trett a Global Construction Consultancy has announced two new additions to its Qatar team Farshad Mousavi Doust and Robbie Beattie. These hires reflect the continued expansion strategy across t... View more
End-user spending on public cloud to grow 19% in Mena
October 27, 2021
End-user spending on public cloud services in the Mena region will total 5.7 billion in 2022 an increase of 19.2% according to the latest forecast by global research and advisory firm Gartner. While s... View more
GCC economies to grow over 14.5pc in 2021: Report
September 20, 2021
The economies of the GCC countries will witness a significant increase of 14.51 per cent this year said a report released by Orient Planet Research (OPR) the market research unit of the Orient Planet ... View more
Global economy set to grow fastest in 50 years: UNCTAD
September 19, 2021
While the global economy will bounce back with growth of 5.3% in 2021 the fastest in nearly 50 years the rebound is highly uneven along regional sectoral and income lines according to UNCTAD s Trade a... View more
Exports of intermediate goods grow 20% in Q1
September 5, 2021
World exports of intermediate goods (IG) such as parts and components rose by 20% year-on-year in the first quarter of 2021 said the World Trade Organisation (WTO) in its quarterly report released to ... View more
Global govt IT spending to grow 6.5% in 2022: Report
August 31, 2021
Worldwide government IT spending is forecast to total 557.3 billion in 2022 an increase of 6.5% from 2021 said global research and advisory firm Gartner in a new report. Governments will continue to a... View more
Batelco employees honoured at Grow & Empower awards
August 24, 2021
Batelco recently held a virtual awards ceremony to celebrate employees who have successfully completed management and leadership training programmes offered by the company. The two programmes Grow and... View more
Global data analytics in banking market to grow up to 2026
August 24, 2021
The global data analytics in banking market is expected to witness steady growth up to 2026 according to TechSci Research report. Growing demand of hyper personalised experience and the emergence of b... View more
Global oil & gas market to grow this year to $5.87 trillion
August 16, 2021
The global oil and gas market is expected to grow from 4.68 trillion in 2020 to 5.87 trillion in 2021 at a compound annual growth rate (CAGR) of 25.5%. According to the Oil and Gas Global Market Repor... View more
Etihad on path to recovery as operations grow
August 10, 2021
Etihad Airways has reported a progressive recovery across its business in the first half despite a slower than expected return to global air travel. Announced its operating and financial results for t... View more
Dubai Customs’ H1 transactions grow 53% to 11m
August 8, 2021
Transactions completed by Dubai Customs reached 11.2 million in the first half of 2021 staggeringly growing 53.4% from 7.3 million transactions in the corresponding period in 2020. Dubai is leading th... View more
5G network infrastructure revenue to grow 39% in 2021
August 5, 2021
Worldwide 5G network infrastructure revenue is on pace to grow39% to total 19.1 billion in 2021 up from 13.7 billion in 2020 said leading research and advisory firm Gartner in a new report. Communicat... View more
Global economy to grow at 6% this year: IMF
July 28, 2021
The International Monetary Fund (IMF) has sharply upgraded its economic outlook this year for the world s wealthy countries especially the US as Covid-19 vaccinations help sustain solid rebounds from ... View more
Global IT spending to grow 9c to $4.2 trillion in 2021
July 17, 2021
Worldwide IT spending is projected to total 4.2 trillion in 2021 an increase of 8.6% from 2020 according to the latest forecast by Gartner. Even as many companies still suffer revenue declines IT spen... View more
UAE dietary supplements market to grow at a CAGR of over 6%
June 23, 2021
Alterations in lifestyle increased product innovation and government-led health campaigns higher disposable income increasing health consciousness rising number of gyms and wellness centers etc. are e... View more
Bahrain's Islamic banking sector set to grow: Fitch
June 10, 2021
The market share of Islamic banks in Bahrain is expected to increase in 2021-2022 after reaching 37.1% of domestic banking system assets and 17.2% of total banking system assets (including foreign ass... View more
Dubai Chamber, eBay team up to help UAE businesses grow online sales
June 7, 2021
Dubai Chamber of Commerce and Industry and eBay have signed a memorandum of understanding (MoU) to help Chamber member companies and UAE businesses go global and boost their online sales abroad by lev... View more
Global economy to grow fastest in 40 years in 2021: EI
June 7, 2021
The global economic outlook has improved since the first quarter (Q1) of 2021 with the global real GDP growth this year now expected to be the fastest in more than 40 years at 5.8% followed by 4.5% gr... View more
Africa hotel development continues to grow despite Covid-19
May 20, 2021
African hotel development continued its growth trend in 2020 with 82 000 rooms in 447 hotels in the pipeline at the beginning of 2021. This is according to the 13th annual survey by W Hospitality Grou... View more
AFS, Discover grow global footprint with new alliance
May 18, 2021
Leading digital payment solutions provider Arab Financial Services (AFS) and Discover a digital banking and payments services company have signed a strategic network alliance agreement that will incre... View more
EU economy forecasted grow by 4.2% in 2021
May 13, 2021
The European Union (EU) economy will expand by 4.2% in 2021 and by 4.4% in 2022 according to the Spring 2021 Economic Forecast which noted that the euro area economy is forecast to grow by 4.3% this y... View more
Saudi Arabia medical devices market to grow at a significant rate through 2026
May 2, 2021
Saudi Arabia medical devices market is expected to witness steady growth for the next five years according to TechSci Research report. Access to healthcare facilities is considered as a basic right in... View more
ExxonMobil commits to grow shareholder value
April 27, 2021
ExxonMobil has released a detailed investor presentation reiterating the company s strategy to capitalise on its industry-leading resources to drive earnings and cash flow growth maintain a strong div... View more
Oman’s GDP to grow by 7.4% in 2022: IMF
April 12, 2021
Oman s gross domestic product (GDP) is expected to grow by 7.4% in 2022 against 1.8% in 2021 according to outlook of the International Monetary Fund (IMF). Inflation in the Sultanate is seen retreatin... View more
Arab economies on track to grow 2.8% in 2021: AMF
April 7, 2021
The Arab economies are forecasted to witness a gradual recovery and to grow around 2.8% and 3.6%in 2021 and 2022 respectively said the Arab Monetary Fund (AMF) releases the April edition of the Arab E... View more
HK export confidence continues to grow
March 23, 2021
The HKTDC Export Index rose a further 2.8 points to 39.0 in the first quarter of this year compared with the preceding quarter the Hong Kong Trade Development Council (HKTDC) has announced. Although t... View more
Dukhan Bank assets grow 12pc
March 8, 2021
Dukhan Bank s assets in 2020 grew significantly by 12% exceeding QR86 billion ( 23.62 billion) underscored by a growth in its financing activities which exceeded 12.7% recording over QR58 billion as c... View more
Global smartphone sales to grow 11% in 2021: Gartner
February 4, 2021
Worldwide sales of smartphones to end users will total 1.5 billion units in 2021 a 11.4% growth year over year said leading global research and advisory company Gartner in a new report. In 2020 consum... View more
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
