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Commercial aircraft services market to grow

April 1, 2024

The Middle East s commercial aircraft services market will more than double in value by 2042 according to Airbus latest Global Services Forecast (GSF). Growing to 28 billion from 12 billion today and ... View more

Realising UAE Net Zero 2050 to ‘grow country’s GDP to $1trn’

March 5, 2024

Realising UAE Net Zero 2050 could help the country grow its GDP by approximately 1 trillion says Green Future Project (GFP) a B-Corp providing corporate sustainability solutions. Briano Martinoni Co-f... View more

Mideast aircraft fleet to grow 51% in 10 years

March 4, 2024

The commercial aviation fleet is projected to grow 28% over the next 10 years expanding from today s 28 400 aircraft to 36 400 by 2034 according to a new report from consulting firm Oliver Wyman a bus... View more

Dubai's economy would grow by around 5pc this year: Al Ghurair

February 23, 2024

Dubai s economy would grow by around 5% this year predicts Abdul Aziz Abdulla Al Ghurair Chairman of Dubai Chambers. He mentioned that Dubai benefits from robust infrastructure an appealing business e... View more

UK, Norway O&G industry to grow significantly in 2024

February 15, 2024

UK and Norway s oil and gas industries are expected to experience significant growth in 2024 with companies gearing up for exploration and development opportunities according to Westwood Global Energy... View more

UAE's real GDP to grow by 5.3pc in 2024: S&P Global

February 8, 2024

The UAE s real GDP is set to grow by 5.3% this year when compared to 3.4% in 2023 according to top credit rating agency S&P Global Ratings. In a new report released today the credit rating agency said... View more

Adnoc to grow diversified portfolio; invest $23bn

January 22, 2024

Adnoc Abu Dhabi s state-owned oil company has been directed to grow its diversified portfolio and provide secure reliable and responsible energy to support the delivery of a just orderly and equitable... View more

UAE's GDP to grow over 5% in 2024: S&P

January 16, 2024

The UAE s GDP is expected to expand by over 5% in 2024 exceeding the 2.8% growth expected for the global economy according to Standard and Poor s Global Ratings projections. Tatiana Leskova Associate ... View more

Dubai’s real GDP to grow 4pc in 2024: Emirates NBD Research

January 11, 2024

Emirates NBD Research forecasts 4.0% real GDP growth for Dubai in 2024 in line with its estimate for last year. Input price pressures eased to a five-month low in December enabling firms to discount a... View more

KPMG MESAC revenues grow 22.4pc; global revenues hit $36bn

December 26, 2023

Amid economic and geopolitical slowdowns KPMG Middle East South Asia and Caspian (MESAC) announced a 22.4% growth in the aggregate revenue of its member firms for the fiscal year ending September 30 2... View more

‘Travellers grow weary of uniformity’

December 1, 2023

When it comes to hospitality what sets the luxury sector apart is not just customised service and ultimate comfort but the promise of truly authentic and unique experiences. At the moment people are t... View more

Food consumption in the GCC ‘to grow at a steady pace’

November 28, 2023

Food consumption in the region will grow at a CAGR of 2.8% to reach 56.2 million MT by 2027 says UAE-based investment banking advisory firm Alpen Capital in its latest GCC Food Industry report. The ve... View more

UAE investment tech sector 'to grow 2.5 times by 2025'

November 21, 2023

The investment technology market in the UAE will increase by 145% by the end of 2025 reaching 313.5 million said analysts of UnaFinancial a global fintech group of companies. The determining factor fo... View more

AlBawani expects revenue to grow to $7.2bn by 2027

November 20, 2023

AlBawani Holding Company a diversified Saudi conglomerate registered a growth of 39 per cent last year and anticipates its revenue to increase to SR27 billion ( 7.20 billion) by 2027 Eng Fakher Alshaw... View more

ME travel sector to grow by 40% by 2026: study

October 13, 2023

The Middle East travel sector is expected to grow by 40% between 2022 and 2026 mainly led by the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) said a report. The Middle East Travel ... View more

UAE economy set to grow 3% this year; 4% in 2024

September 26, 2023

The UAE economy is forecast to grow 3% in 2023 and 4% in 2024 driven by the non-oil sector which is expected to benefit from strong growth in tourism government initiatives and technological advanceme... View more

Ajman exports grow 19.6% in H1 to $1.24bn

September 22, 2023

The Ajman Chamber of Commerce and Industry (ACCI) has revealed that the volume of exports from the emirate grew 19.6% during the first half of 2023 (H1 23) WAM said in a report. The emirate s total ex... View more

Mena IT spending to grow 4pc to $183.8bn in 2024: Gartner

September 20, 2023

IT spending in the Middle East and North Africa (Mena) region is forecast to accelerate in 2024 increasing 4% from 2023 according to the latest forecast by Gartner a leading management consultancy fir... View more

UAE wealth to grow 5.5% to hit $1.3trn in 2027: report

September 12, 2023

The United Arab Emirates (UAE) financial wealth is anticipated to experience a robust Compound Annual Growth Rate (CAGR) of 5.5% in new wealth rising from 1 trillion to 1.3 trillion from 2022 to 2027 ... View more

Arab economies likely to grow by 4pc next year, says AMF

September 4, 2023

Arab Monetary Fund (AMF) has announced that as per its projections the regional economies are set for a forecasted growth rate of 3.4% this year with expectations of this figure increasing to 4% in 20... View more

Middle East digital economy to grow to $780bn by 2030: UBS

August 30, 2023

The Middle East s digital economy will grow from 180 billion in 2022 to 780 billion in 2030 or roughly 20% growth per annum making it one of the fastest growing digital economies globally said UBS a m... View more

UAE women realty investment to grow by 50pc in 2023

August 30, 2023

Women investment in UAE s real estate has contributed over AED58.8 billion ( 16 billion) to the sector recent data from the Dubai Land Department (DLD) shows. Recent market data in the real estate sec... View more

DP World revenues grow 13.9% to $9bn in H1

August 17, 2023

DP World Limited has announced resilient financial results for the first six months to 30 June 2023 with its revenue growing 13.9% to 9.037 billion on a reported basis. Adjusted EBITDA grew by 7% to 2... View more

Oil and services see UK-GCC trade grow 70pc to $82.7bn

August 7, 2023

Total trade between the UK and GCC countries rose by more than 70% to 64.5 billion ( 82.7 billion) in the year to the end of March driven by rising oil prices and a demand for services as Gulf states ... View more

Global IT spending to grow 4.3pc to $4.7trn in 2023: Gartner

August 1, 2023

Worldwide IT spending is projected to total 4.7 trillion in 2023 an increase of 4.3% from 2022 according to the latest forecast by management consultant company Gartner. As CIOs continue to lose the c... View more

GWC posts H1 net of $31.6m as revenues grow 9pc to $271m

July 25, 2023

Qatar s logistics leader Gulf Warehousing Company (GWC) has posted a first-half (H1) net profit of QR115 million ( 31.6 million) on the back of a 9% increase in revenues at QR786 million ( 271 million... View more

Global oil demand to grow by 2.2% in 2024, says Opec

July 15, 2023

The world oil demand will grow by a healthy 2.2 million to 104.25 million barrel per day (mb/d) in 2024 said the Organisation of the Petroleum Exporting Countries (Opec) in its review thus raising its... View more

Saudi mortgages grow sharply by 65pc to $1.8bn in May: Al Rajhi

July 2, 2023

Saudi Arabia mortgages grew sharply by 65% in May to SR6.8 billion ( 1.8 billion) a smart recovery from April s SR4.1 billion according to Al Rajhi Capital Research. In our view non-REDF (Real Estate ... View more

UAE gold forecast to grow by 3.7pc annually through 2030

June 13, 2023

The UAE s precious metals market including gold jewellery gold bars and silver which was valued at AED8.52 billion in 2020 is expected to reach a value of AED13.21 billion ( 3.6 billion) by the end of... View more

WEMIX, Hub71 to grow global blockchain startup ecosystem

May 31, 2023

Leading Korean blockchain developer WEMIX and Hub71 Abu Dhabi s global tech ecosystem have signed a deal to create and accelerate growth opportunities for their respective portfolio companies and Web3... View more

Global government IT spend ‘to grow 7.6pc to $589.8bn in 2023’

May 28, 2023

Worldwide government IT spending is forecast to total 589.8 billion in 2023 an increase of 7.6% from 2022 according to Gartner a leading management consulting company. Global challenges like inflation... View more

KSA lays out strategy to grow logistics sector to $15.31bn by 2030

May 24, 2023

Saudi Arabia s Ministry of Transport & Logistics Services (MOTLS) has laid out an ambitious strategy to grow the kingdom s logistics sector market size to SR57.4 billion ( 15.31 billion) by 2030 and p... View more

UAE's non-oil economy to grow by 4.8% in 2023: World Bank

May 17, 2023

The World Bank has projected that the real GDP of the UAE will grow by 2.8% in 2023 as the non-oil sector is expected to achieve strong growth of 4.8% driven by robust domestic demand particularly in ... View more

DIC signs ambitious deals to grow UAE manufacturing sector

May 3, 2023

Dubai Industrial City (DIC) a member of Tecom Group PJSC has signed three major strategic partnerships to attract international manufacturers to strengthen the UAE s and Dubai s industrial ecosystems.... View more

GCC’s ‘real GDP to slow; Islamic finance to grow 10pc’

May 1, 2023

S&P Global Ratings expects a material slowdown in GCC economies real GDP growth in 2023-2024 compared with 2022 largely based on lower oil production. However we think that Saudi Arabia s banking syst... View more

Worldwide IT spend to grow 5.5pc to $4.6trn in 2023: Gartner

April 10, 2023

Worldwide IT spending is projected to total 4.6 trillion in 2023 an increase of 5.5% from 2022 while in the Middle East and North Africa (Mena) IT spending is estimated to rise 2% to 175.5 billion up ... View more

Mena e-commerce market to grow to $57bn by 2026

March 27, 2023

The Middle East and North Africa (Mena) region s total e-commerce market size is expected to reach 57 billion in 2026 with a CAGR of 11% over the 2022-2026 period. The market reached 37 billion in 202... View more

Investcorp plans to grow business from $50bn to $100bn AUM

March 14, 2023

Investcorp a leading global alternative investment firm plans to grow its business from 50 billion assets under management (AUM) to 100 billion AUM said Mohammed Alardhi Investcorp s Executive Chairma... View more

Morocco economy to grow 3.1% in 2023: World Bank

February 16, 2023

Morocco s economic growth is expected to accelerate to 3.1% in 2023 thanks to a rebound of the primary sector said the World Bank in a new report noting that downside risks persist due to geopolitical... View more

Hyatt to grow luxury product by 30pc

February 1, 2023

By 2026 Hyatt expects its luxury brand footprint in Europe Africa and the Middle East (EAME) region to grow by over 30 per cent. We spoke to Ludwig Bouldoukian Regional Vice President of Development M... View more

Nasma to grow luxe short-term holiday property portfolio

January 26, 2023

Nasma Luxury Stays a division of Al Tamimi Investments and a specialist in executive living and vacation rentals is all set to start 2023 strong on the back of the rising demand for short-term propert... View more

Ecommerce in Mena to ‘grow at 15pc CAGR till 2023’

December 27, 2022

The ecommerce market in Middle East and North Africa (Mena) is expected to see significant growth over the next few years with an estimated compound annual growth rate of 15% between 2021 and 2023. Th... View more

UAE realty to grow at 8pc CAGR till 2027: Unique Properties

December 19, 2022

UAE real estate which logged 9 000 deals worth AED26 million ( 7.08 million) in October alone is projected to grow at a CAGR of 8% between now and 2027 according to Unique Properties one of Dubai s le... View more

RAK hospitality rooms supply to grow 70% in 5 years

December 15, 2022

Ras Al Khaimah is set to grow its hotel rooms supply by over 70% in the next five years said Stirling Hospitality Advisors (SHA) a top boutique advisory institution announcing the tenacious growth pla... View more

Hilton plans to grow its Saudi portfolio to 75 hotels

December 15, 2022

Hilton has announced a strategic partnership with the Saudi Tourism Development Fund (TDF) as well as agreements with several public and private developers for new hotels in destinations across Saudi ... View more

UAE coffee market to grow at 8.3pc CAGR through 2027

December 13, 2022

The World of Coffee exhibition 2023 will reinforce the increasing growth of the UAE coffee market and according to 6wresearch it is expected to grow at a CAGR of 8.3% during the forecast period of 202... View more

Mena IT spending to grow 3.1% in 2023: Gartner

December 13, 2022

IT spending in the Mena region is forecast to total 178.1 billion in 2023 growing 3.1% from 2022 said leading research and advisory firm Gartner in a new report. Worldwide IT spending is projected to ... View more

GCC 5G subscriptions to grow 30% annually: Ericsson

December 12, 2022

5G subscriptions in the GCC region are projected to grow at an average annual rate of 30 percent from 15 to 71 million up to the end of 2028 accounting for 86 percent of total connections at that time... View more

Bahrain's Al Salam Bank launches ‘Inspired to Grow’ campaign

November 20, 2022

Al Salam Bank has unveiled a nationwide campaign under the theme of Inspired to Grow celebrating the bank s new chapter of accelerated growth. Inspired by the bank s commitment to supporting the socia... View more

UAE banking sector assets grow 12-fold to $900bn: Al-Ghurair

November 16, 2022

UAE s banking sector assets have grown 12- fold from 75 billion in 2000 to over 900 billion in 2022 a jump from 70% of the nominal GDP in 2000 to over 250% in 2022 said Abdulaziz Al-Ghurair Chairman o... View more

LatAm commercial jet fleet ‘to grow 85% over 20 years’

October 25, 2022

With Latin American air travel outpacing the industry s global recovery the region s commercial fleet is projected to grow by more than 85% over the next 20 years on the strength of domestic and intra... View more

E-commerce set to grow for SMEs under ‘New Normal’

October 3, 2022

Both small and medium sized enterprises (SMEs) and consumers agree that there s room for further growth in the already booming e-commerce sector says a research. The latest e-commerce trends from rese... View more

DMCC looks to grow $23bn UAE-US trade corridor

September 28, 2022

DMCC a flagship free zone and Government of Dubai Authority on commodities trade and enterprise has concluded Made For Trade Live events in Miami and New York as it seeks to attract more companies fro... View more

Indian exports to GCC grow by 44pc to $43.9bn in FY 2021-22

September 20, 2022

Indian exports to GCC grew by 44% in FY2021-22 to 43.9 billion compared to last fiscal s 27.8 billion with the UAE leading the trade with 68% growth valued at 28 billion against 16.7 billion in 2021. ... View more

Arab economies likely to grow by 5.4% in 2022: AMF chief

September 18, 2022

Arab economies are expected to hit 5.4% growth compared to 3.5% in 2021 mainly driven by key factors such as the relative improvement in global demand levels and growth of oil and gas sectors accordin... View more

Saudi economy set to grow at highest rate in 10 years: S&P

September 18, 2022

Saudi Arabia s GDP is likely to grow at its highest rate in 10 years of 7.5 percent in 2022 with an expected financial surplus in the state budget of about 6.3 percent said S&P Global Ratings agency. ... View more

Asset tokenization to grow 50-fold into $16trn market

September 12, 2022

Asset tokenization will grow 50-fold to expand into a 16.1 trillion business opportunity by 2030 according to a new report by global consulting firm BCG and ADDX the digital exchange for private marke... View more

GCC GDP to grow by 6.7pc, the fastest rate since 2011: ICAEW

September 12, 2022

GCC GDP is expected to grow by 6.7% this year the fastest rate since 2011 driven by higher oil production the recycling of government revenues into investment initiatives and to a lesser extent househ... View more

Golf tourism to grow by $41.04bn: research

September 1, 2022

The Golf Tourism market value is set to grow by 41.04 billion progressing at a CAGR of 17.83 per cent from 2020 to 2025 as per the latest report by Technavio a leading market research company. Moreove... View more

Spanish exports to UAE set to grow 8pc in 2022

August 24, 2022

Bilateral trade between Spain and the UAE is bouncing back to pre-pandemic levels with Spanish exports to the UAE projected to grow 8% this year said Iñigo de Palacio España the Spanish Ambassador to ... View more

UAE economy set to grow by over 5% in 2022: UBS

August 18, 2022

The UAE s economy is expected to grow by over five percent in 2022 said Michael Bolliger Chief Investment Officer Emerging Markets at UBS Global Wealth Management. In an interview with the Emirates Ne... View more

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 Compan