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UAE tops region for tourism receipts in 2012The United Arab Emirates has topped the Middle East region for international tourism receipts in 2012, a report said. Globally, the UAE was ranked 31st with receipts of about $10 billion, while Saudi Arabia claimed the 35th positi More… |
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Mena fastest growing e-commerce regionThe Middle East and North Africa represents the fastest growing e-commerce region worldwide with an estimated 45 per cent year-on-year growth in its value which soared to $15 billion in 2012 from $10 billion the previous year, said a study condu More… |
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Mena fastest growing e-commerce regionThe Middle East and North Africa represents the fastest growing e-commerce region worldwide with an estimated 45 per cent year-on-year growth in its value which soared to $15 billion in 2012 from $10 billion the previous year, said a study condu More… |
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Deutsche Bank named top FX bank in MideastDeutsche Bank has been named the leading forex (FX) bank in the Middle East with 16.15 per cent of overall market share. This is attributed to the significant investment Deutsche Bank made in upgrading its pricing and distribution syste More… |
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Xerox names new MEA managerXerox has appointed Simon Howells as the new manager for the Managed Print Services (MPS) at its Global Document Outsourcing of Xerox Middle East & Africa unit. Simon’s primary role is to expand the company’s MPS d More… |
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Mideast facing ‘double dilemma’ over oil futureThe Middle East is facing a double dilemma over the global competitiveness for oil in the future, said experts at a panel discussion held by the International Institute for Strategic Studies (IISS) - Middle East in Bahrain. On the More… |
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Grace plans $200m UAE fluid cracker JV plantWR Grace & Company, a premier global specialty chemicals and materials company, has joined hands with UAE-based Al Dahra Agriculture to build its first fluid catalytic cracking (FCC) catalysts manufacturing facility in the Middle East. More… |
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Hansgrohe revenue rises 5.4pc to $1bn in 2012Germany’s Hansgrohe Group, a leading sanitary fittings manufacturer, has posted revenues of 805 million euros ($1.04 billion) in 2012 as against 764 million euros in 2011, marking a 5.4 per cent rise year on year. Revenues w More… |
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Hilton announces key ME appointmentHilton Worldwide Middle East & Africa has announced the appointment of Christian Muhr as the new vice president of operations for Hilton Worldwide, Egypt & Levant region. Muhr, a Hilton Worldwide veteran with an extensive More… |
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ME tourist numbers to Austria rise 35pcAustria recorded a total 712,514 overnights from the Middle East in 2012, reflecting an increase of 35.2 per cent over the previous year, said a top official. “The majority of Middle Eastern guests in Austria came from Saudi More… |
