Tuesday 17 January 2017
 
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growth

UAE elevators market to grow 8pc till 2021

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 the booming construction market coupled with favourable government ini

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Saudi growth to decline this year: IMF report

Saudi Arabia is expected to see a decline in growth to 0.4 per cent in 2017, compared with a growth of 1.4 per cent in 2016, an IMF report said. The kingdom is expected to grow at 2.3 per cent in 2018. The Middle East, North Afric

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Global economic growth gathers pace: IMF

The global economic landscape has started to shift in the second half of 2016 and developments since last summer indicate greater growth momentum coming into the new year in a number of important economies, the IMF said. "Our

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Saudi Arabian logistics sector to see stable growth

Sustained industrial and retail expansion, along with infrastructural development is likely to drive Saudi Arabia’s logistics sector, according to Ken Research, a leading market research and data analytics company. The repor

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Air cargo sector sees higher growth in November

November showed an acceleration in year-over-year (YoY) volume growth in the air cargo sector for the fourth month in a row, according to WorldACD, a provider of unique information on air cargo markets. The usual air cargo peak se

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GCC automotive sector to see growth in 2017

The GCC automotive sector, after an unstable 2016 resulting in a drop in new vehicle sales, is expected to stabilise and show a moderate growth in 2017, a report said. The industry faced an overall tough market in 2016 due to vari

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Saudi GDP growth outpaces forecasts

Saudi Arabia's gross domestic product (GDP) expanded 1.4 per cent year-on-year in 2016, higher than the IMF forecast of 1.2 per cent, said a report quoting the kingdom's budget document. GDP growth is expected to accelerat

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Emirates adds 36 aircraft to fleet in 2016

Emirates, the world’s largest international airline, rounded off another year of growth in 2016, underlined by fleet and network expansion, as well as customer focused product investments. Commenting on 2016, Sir Tim Clark,

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KPMG reports 10.7pc growth in region

KPMG in the Middle East and South Asia (MESA) region has reported a 10.7 per cent growth in aggregated revenues of member firms across the region for the fiscal year ended September 30, 2016. This is the third consecutive year for the r

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RAK Airport hits many milestones in 2016

Ras Al Khaimah International Airport has enjoyed a highly successful 2016, according to its chairman Engineer Sheikh Salem bin Sultan Al Qasimi.   Sheikh Salem said the year will be the airport’s most positive year so f

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