Tag: mideasthome

  • Smart Stores Exhibition

    Smart Stores Exhibition

    Start Date: 04 September 2018 End Date: 06 September 2018 After receiving an overwhelming response and support from exhibitors and visitors, Smart Stores Expo is back with a second edition in 2018. This time, the show will have its presence in Dubai! The Smart Stores Expo has been conceptualised to integrate the growing retail market […]

  • Mideast oil demand to expand by 50tb/d in 2018: Opec

    Mideast oil demand to expand by 50tb/d in 2018: Opec

    The Middle East region’s oil demand is anticipated to expand by around 50 tb/d in 2018. In the Mideast, oil demand growth is expected to gain further strength in 2019 compared with the current year, with the estimations hovering around 90 tb/d of forecast oil demand growth, amid a strong rebound in economic activities. Opec’s […]

  • China to pledge $20bn in loans for Arab states’ economic reform

    China to pledge $20bn in loans for Arab states’ economic reform

    China is expected to allocate $20 billion in loans to Arab countries for economic development, President Xi Jinping told top Arab officials on Tuesday. This pledge comes in line with Beijing’s plans to build its influence in the Middle East and Africa, French news agency AFP reported. China will earmark this amount for “projects that will […]

  • Middle East M&A deals adapting ‘new normal’ – PwC Middle East

    Middle East M&A deals adapting ‘new normal’ – PwC Middle East

    Deal volumes shrank over the past two years, with some positive signs of activity picking up with expectations to gain momentum towards the end of 2018 and early 2019 as the Middle East market begins to embrace the “new normal”, according to PwC Middle East’s new report “TransAct ME – Deals trends and outlook for […]

  • Mideast construction market to hit $336bn by 2020

    Mideast construction market to hit $336bn by 2020

    It is expected that construction market in the Middle East and North Africa (MENA) will hit $336 billion by 2020 compared to $235 billion in 2016, BMI Research said on Sunday in a report. While the 19th edition of Hardware + Tools Middle East, the region’s only dedicated trade fair for tools, hardware, materials, and machinery, […]

  • AI to contribute $320bn Mideast GDP by 2030

    AI to contribute $320bn Mideast GDP by 2030

    Artificial Intelligence (AI) will contribute $320 billion to the Middle East economy by 2030 – the equivalent to 11 per cent of GDP, according to a new report from PwC, a global provider of assurance, advisory and tax services. The PwC research outlines that there are greater, untapped opportunities that could increase the impact of […]

  • BinGhatti Hospitality to invest over AED500m in GCC

    BinGhatti Hospitality to invest over AED500m in GCC

    BinGhatti Hospitality, the investment army of BinGhatti Holding, on Monday announced that it plans to expand its hospitality service across the GCC and Middle East, in addition to developing and managing hotels. The Dubai-based group has entered the food and beverage (F&B) sector in the UAE’s market through establishing three new brands as part of […]

  • Brazil’s poultry exports to Middle East reaches $2.4bn

    Brazil’s poultry exports to Middle East reaches $2.4bn

    Brazil’s total poultry exports, including raw and processed items, rose 5.7 per cent from $6.848 billion in 2016 to $7.236 billion in 2017, according to data released by the Brazilian Animal Protein Association (ABPA). Of this total, 33.51 per cent was exported to the Middle East, which accounted for $2.4 billion, up 2.1 per cent, […]

  • Jazeera launches flights to Kochi, Ahmedabad

    Jazeera launches flights to Kochi, Ahmedabad

    Kuwait’s leading low-cost airline Jazeera Airways has launched its inaugural flights to the Gulf state Indian cities of Ahmedabad and Kochi as part of its regional expansion strategy. Last year it began flights to the southern city of Hyderabad. The debut Ahmedabad flight took off from the Kuwait International Airport and landed at Sardar Vallabhbhai […]

  • MIDEAST MONEY-Surge in foreign fund inflows sets stage for Egyptian boom

    MIDEAST MONEY-Surge in foreign fund inflows sets stage for Egyptian boom

    Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic about prospects for the North African country after years of political turmoil. Foreign holdings of Treasury bills hit a record high in December, foreign inflows into the stock market last year were the highest since […]