Saturday 24 February 2018
 
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GCC

Arabian Cement's 2017 gross profit down 37pc

Saudi-based Arabian Cement Company, one of the largest cement producers in the GCC, said its gross profit fell to SR349.5 million ($93 million) in 2017 from SR551.6 million ($147 million) the previous year. The plunge in these fig

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Arabian Cement's 2017 gross profit down 37pc

Saudi-based Arabian Cement Company, one of the largest cement producers in the GCC, said its gross profit fell to SR349.5 million ($93 million) in 2017 from SR551.6 million ($147 million) the previous year. The plunge in these fig

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UAE banks' assets hit $734 billion in 2017

The UAE-based banks' total assets surged to Dh2.693 trillion ($734 billion) at the end of 2017 from Dh2.642 trillion by the end of Q3 in the same year, continuing to lead GCC-based banks in terms of assets for the third year running.

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GCC construction market 'witnessing solid growth'

The GCC region's construction sector boasts a robust pipeline of projects currently in the planning stages, thus indicating there is still demand for construction projects, said a report by leading consultancy and advisory firm Deloitte.

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Dilmah looks to expand footprint in GCC

Dilmah, one of the world’s leading tea brands, is planning to enhance its sales in the Middle East by end of 2018 through tie-ups with five-star hotels, other regional airlines, and launching exclusive t-lounges. For the las

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GCC’s food, beverage sector to reach $196bn by 2021

The food and beverage sector in the GCC states is expected to continue to grow at a healthy 7.1 per cent annually, reaching $196 billion by 2021, from the current $130 billion, according to Mena Research Partners, a leading research company in t

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New GCC director for German National Tourist Office Dubai

The German National Tourist Office (GNTO) in Dubai, the local affiliate of the German National Tourism Board, has appointed Sigrid de Mazieres as its new director for the Gulf countries.   In her role, de Mazieres will be resp

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Outbound luxury travellers from GCC set to increase in 2018

The emerging outbound traveller market from the GCC appears to be focussed on luxury travel with unique holidays and individual experiences becoming increasingly popular. Whether it is in the form of flying business, or first clas

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Bahrain Pack unveils big expansion plans

Bahrain Pack (United Paper Industries), a specialist in producing a range of innovative customised packaging solutions for the GCC market, is looking at expanding its business by launching new packaging formats as well as tapping new markets in

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Bank ABC named among ‘top 10 GCC corporations'

Bahrain-based Bank ABC, a leading international bank, has been named among the top 10 GCC corporations by the Sharjah Chamber of Commerce and Industry. Bank ABC is a leading player in the region’s banking industry and provid

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