January 3rd, 2017 | 0 commentsDubai has announced plans to build a unique new waterfront destination spread over 20 million sq ft that will boast the largest marina in the Middle East and North Africa (Mena) region, said a report. The project, located on King Salman bin Abdulaziz Al Saud Street, in the area between Jumeirah Beach Residence and Palm Jumeirah, also know...
December 28th, 2016 | 0 commentsSaudi-based Islamic Development Bank (IDB) has approved $434 million funding for development projects in the Middle East and North Africa (Mena) region, said a report. Of this, a $170-million funding will go towards the development of the third phase of a solar generation project in the UAE; $105 million for an aluminium group in Bahrain;...
November 24th, 2016 | 0 commentsDaimler Commercial Vehicles and Mercedes-Benz Trucks joined hands to celebrate 20 years of successful operations of its Actros Trucks in the Middle East and North Africa (Mena) region. During the celebrations, three of its UAE customers - Al Jaber Leasing Services, Western Bainoona Group and Mubarak & Sons Transport - were recognised...
November 23rd, 2016 | 0 commentsQatar recorded the highest average wealth per adult of $161,700 in mid-2016, while the UAE followed closely with $151,100, according to the Global Wealth Report 2016. Average wealth in Mena declined by 2.6 per cent in the 12 months to mid-2016 to $13,300, according to the report. Measured in local currency, average wealth increased by 2.5...
October 25th, 2016 | 0 commentsAxco Insurance Information Services (Axco), a leading provider of business information services to the insurance industry, has announced its debut into the Mena market in partnership with Dubai-based RefPoint Business Consultants. UK-based Axco has been providing country and region-specific critical information services to global insuranc...
October 12th, 2016 | 0 commentsNatural gas exports from Mena to fall by 50 billion cubic metres per annum (bcma) in 2025 from 2013 levels as domestic demand outpaces supply growth, said Apicorp’s latest Energy Research, citing an IEA report. Natural gas exports from Mena to fall by 50 billion cubic metres per annum (bcma) in 2025 from 2013 levels as domestic demand out...
August 31st, 2016 | 0 commentsThe UAE commands $18 billion of the$30 billion franchise economy of the Mena region, said the event organisers of the upcoming Middle East Franchise Expo & Forum in Dubai, UAE. The third edition of the event will be held on October 25 and 26 at the Jumeirah Beach Hotel, said Omar Al-Haza'a, vice president of the Middle East and North...
August 30th, 2016 | 0 commentsAnnounced M&A deal value in the Mena region decreased to $19.7 billion in the first half (H1) of 2016 from $21.9 billion in H1 2015, marking a decrease of 10 per cent, according to EY, a multinational professional services firm. UAE, Saudi Arabia and Egypt were the top three markets in terms of deal activity in H1 2016. Technology ($4...
August 25th, 2016 | 0 commentsThe third commemoration of the Rabaa and Nahda massacres forces us to revisit two issues, at least. The first is the international community’s phoney treatment of a bloody military coup. Hundreds were killed in civilian sit-ins that demanded ballot box respect, while influential countries rushed to justify the crime. The second is the tra...
August 12th, 2016 | 0 commentsJAC Motors, a leading Chinese automaker, said it has continued to rise in popularity in the Middle Eastern and African auto markets, with a focus on young, tech-savvy and style-conscious drivers. The launch of JAC’s S2 model SUV at Cairo’s Automech auto show in March followed the success of the record-breaking S3, said a statement from th...
