Tuesday 29 July 2014
 
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Middle East

Wearable device growth 'facing key challenges'

High cost of devices and fast wireless connectivity are key challenges to the adoption of wearable devices in the Middle East, according to Huawei Device Middle East president Jiao Jian.  

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ME/Africa housing demand to reach 13m units by 2018

New dwelling demand in the Africa/ Middle East region is expected to reach 13 million units in 2018 with an annual growth of 3.7 percent, according to a report. The Freedonia research report, World Housing, said the demand will be

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Middle East markets to close for Eid

Middle East bourses will close for large portions of next week because of Eid al Fitr holidays. The stock exchanges of Saudi Arabia and Kuwait will close for all of next week and trade will resume on Sunday, August 3, the exchange

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Sage Mideast to launch ERP version 7 at Gitex

Sage Middle East, a leading provider of business management software to small and medium sized companies, is set to launch the new Sage ERP X3 version 7 during the upcoming Gitex in Dubai. &nb

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Mideast hotel occupancy reaches 64pc in H1

The Middle East and Africa region has reported a one per cent increase in hotel room occupancy to 64.6 per cent in the first half of the year, according to an STR Global report.  

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Mideast firms face $91bn refinancing needs

Middle East investment grade companies are facing refinancing needs of about $91 billion from bank and bond debt due to mature over the next four years, according to a recent report.  

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Mideast packaging industry to grow 5pc annually

The $4 billion worth flexible packaging industry in Middle East and Africa is forecast to grow five per cent annually and is one of the fastest growing sectors in the manufacturing industry in the region, accordi

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400 experts to discuss GCC banking sector’s IT spend

More than 400 C-level executives, IT experts, retail banking specialists and finance heads are set to attend a leading banking technology summit in Dubai in September.   The

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Ford to launch 25 new vehicles in ME by 2016

Ford Motor Company has announced an aggressive product acceleration in its newest business unit, Middle East & Africa, leveraging the company’s One Ford global portfolio. The company will target opportunities for growth

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2015 Nissan Sunny debuts in Mideast

Nissan has unveiled its 2015 model Sunny in the Middle East, which will be available at all its dealerships across the region from August 1.   The sedan boasts enhanced technology with a new styling taking its cu

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