Sunday 19 April 2015
 
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Boom time for Saudi earthmoving equipment market

Saudi Arabia is fast becoming a major market for earth moving equipment manufacturers, thanks to the  ongoing construction and infrastructure development activities in the kingdom, said a report. The earth moving equipment ma

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UAE perfume market set to reach $304m

The UAE perfume market is set to reach Dh1.12 billion ($304.8 million), as compared to its Dh937 million last year, according to a new research by Euro Monitor International. The global fragrance market has been forecast to grow t

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Gold market confidence ‘starting to return’

Confidence in the global gold market is starting to return, with the physical market adjusting and taking comfort from the price stabilisation since November, according to a recent survey. The ‘Gold 2015,’ the 49th in

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Outdoor design market products to go on show in Dubai

International brands and local industry leaders will showcase a range of products in the outdoor design market – from vertical garden systems to a fibre-optic replica of the Burj Khalifa tower. The Outdoor Design and Build S

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Fly to showcase top line-up of deals at Gitex Shopper

Top European mobile player Fly is bringing its innovative range of products to this year’s Gitex Shopper, with a value-packed line-up of promotions to reward its loyal customers with the best possible deals on the market. Ha

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$15.7m Muharraq market plan may be shelved

A contract to build a new BD6-million ($15.7 million) central market in Muharraq could be deemed null and void after Bahrain’s Works, Municipalities and Urban Planning Affairs Minister Essam Khalaf referred it to the Legalisation and Legal

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Wearables market to hit $130bn

The $4 billion wearables market could increase from 20 million devices last year between 200 and 500 million devices by 2020, to reach $130 billion, according to a report. Several industry forecasts have pointed out that more than

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China’s luxury market shows shift in ties to GCC

China’s luxury market is undergoing a fundamental shift, brought on by evolving customer dynamics, an influx of new, emerging luxury labels, an economic slow-down and ties to the GCC. According to Bain & Company’s

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Abu Dhabi's property market remains buoyant

The real estate market in Abu Dhabi, UAE, will continue to remain buoyant in 2015 due to its strong growth potential and rise in demand for luxury properties, said international property agency Chestertons. "There are over 20

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Adnoc sells naphtha below market rate from Ruwais

Abu Dhabi National Oil Co (Adnoc) has sold about 125,000 tonnes of naphtha to Vitol at premiums that were at least $10 below the market rate of $28 a tonne to Middle East quotes on a free-on-board (FOB) basis, traders said on Friday.

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