Friday 29 April 2016
 
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Middle East

Mideast funds reduce cash as markets find floors

Middle East fund managers are reducing their cash holdings and building back long positions in equities and fixed income because of signs that markets have bottomed out, a monthly Reuters poll shows. During the previous six months

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Bulgaria's RT Consult eyes bigger ME role

Bulgaria’s RT Consult, a specialist in architecture, interior design, sustainable design and consulting sector, is at gulfBID expo in Bahrain to boost its profile in the region, said a company spokesman. Established in 2004

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NavLink inks key EMEA telco services deal

NavLink, a key provider of managed information communication technology (ICT), has partnered with a leading cloud backup and recovery software provider Asigra to deliver backup-as-a-service to telcos and enterprises in Europe, Middle East and Af

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Mideast remittances top $120 billion in 2015

The Middle East is among the top outward remittance hubs in the world, with the figure in excess of $120 billion for 2015, a report. Remittances within the Middle East are rising rapidly as well, particularly with the Arab nationa

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Mideast M&A value declines 67pc in Q1 at $4.7bn

The value of merger and acquisition (M&A) transactions with any Middle Eastern involvement reached $4.7 billion during the first quarter (Q1) of 2016, a decline of 67 per cent compared to Q1 2015 and the slowest first quarter since 2014, sai

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Brazil farm, livestock exports to Mideast hits $724m

Total exports of agricultural and livestock products from Brazil to the Middle East amounted to $724.3 million in March 2016, up 46.3 per cent in comparison to figures from the same period last year, according to statistics released by the Brazi

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Hansgrohe opens two new showrooms in region

Leading German sanitary fittings manufacturer Hansgrohe has opened two new showrooms in the Middle East. The latest regional openings – in Abu Dhabi (UAE) and Amman (Jordan) - are part of Hansgrohe’s wider expansi

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Middle East M&A deal count remains steady in Q1

A total of 13 merger and acquisition deals with a value of $1.5 billion were announced in the Middle East in the first quarter of this year, according to a report. The total number of deals was the same as in Q1 2015, but the tota

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ME airports invest heavily in tech for enhanced security

As the Middle East outpaces global growth in air traffic, airports in the region are investing millions of dollars toward airport technology and system upgrades to ensure seamless passenger experience along with security.  

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ME companies losing out on spin-off advantages

Globally, one of the big trends in the increasingly active market for corporate transactions has been the growing popularity of one particular type of transaction: the spin-off. Unlike selling a business to another company for cas

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