Tuesday 27 January 2015
 
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Middle East

Mideast hotel occupancy up 3.9pc in December

The Middle East/Africa region witnessed a 3.9 per cent increase in hotel occupancy levels in December last year to 61.9 per cent compared with the same period in 2013, a report released by global hotel data provider STR Global said. The

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Mideast partnerships boost football club revenues

Middle Eastern commercial partnerships contributed significantly to revenue increases of many top football clubs last season, according to a study. Revenue for the world’s 20 highest earning clubs reached $8.4 billion last s

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Renault Mideast records 44pc sales growth

French automaker has recorded a 44 per cent increase in sales in the Gulf Cooperation Council (GCC) and the Levant last year, compared to the previous year. It has also exceeded overall market performance which is approximately ei

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Oil export losses to reach $300 billion in Middle East

Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central Asia this year, as countries in the region adjust to falling crude prices, the International Monetary Fund

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Newsweek to launch Middle East edition

Newsweek, a premier weekly news magazine, has sealed a strategic partnership with ARY Digital Network for publishing its Middle East edition in the region. The exclusive licensing partnership will permit ARY Digital Network to pub

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Al khaliji wins four top accolades

Al Khalij Commercial Bank (al khaliji) has won four accolades from the 'Banker Middle East Qatar Product Awards 2014.’ The categories included ‘Best Premium Banking Service’, ‘Best Branch Design’,

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Mideast M&A value tops $50bn in 2014, up 23pc

The value of Middle Eastern mergers and acquisitions (M&A) reached $50.3 billion in 2014, finishing 23 per cent up on 2013 and the highest annual total since 2010, a report said. Outbound M&A drove 2014 activity, up 74 per

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Qatar tops Mideast region in construction costs

The construction costs in Qatar remain the highest in the Middle East, followed by the regional heavyweights the UAE and Saudi Arabia, according to an annual report released by EC Harris, an Arcadis company and global built asset consultancy fir

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UAE 'third biggest steel producer in Middle East'

The UAE has become the third largest producer of crude steel in the Middle East region with an output of 2.1 million tonnes in the first 11 months of 2014, according to recent figures released by the World Steel Association. The d

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UAE 'third biggest steel producer in Middle East'

The UAE has become the third largest producer of crude steel in the Middle East region with an output of 2.1 million tonnes in the first 11 months of 2014, according to recent figures released by the World Steel Association. The d

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