Thursday 21 September 2017
 
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growth

Abraaj Group appoints Kito de Boer as managing partner

The Abraaj Group, a leading investor operating in global growth markets, has announced the appointment of Kito de Boer as managing partner. De Boer has over 30 years’ experience across diverse geographies and sectors.

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Ras Al Khaimah transportation sector sees good growth

Ras Al Khaimah's transportation sector achieved a growth of 30.3 per cent during the years 2011-2015, according to the Ras Al Khaimah Chamber report. The report is based on statistics published by the Ras Al Khaimah Center for

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ME international travel demand up 4.5pc in July

Middle East carriers posted a 4.5 per cent increase in international travel demand for July, an acceleration from the 3.6 per cent annual growth seen in June, but still well off the five-year average pace of 11.2 per cent, recent data showed.

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Bahrain fiscal deficit set to fall this year: IMF

Bahrain's fiscal deficit is projected to improve to 12.2 per cent of GDP in 2017, from 18 per cent last year, owing to higher oil prices and continued reduction in spending, an IMF statement said. However, the real GDP growth

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Over 24,000 hotel rooms to open in Makkah

Makkah's hospitality sector is expected to witness the entry of more than 24,478 hotel keys between Q2 2017 and 2019, primarily represented by five- and four-star properties, a new report said. According to the Colliers Intern

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Siniora Food posts 36pc growth in H1 net profit

Jordan-based Siniora Food Industries, a pioneer in the manufacturing of cold cuts, frozen meat and luncheon, has reported a net profit of JD1.926 million ($2.7 million) for the first half of 2017, a growth of 36 per cent compared with the same p

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Sohar Port posts 11pc growth in container volumes

Oman's Sohar Port container volumes in Q2 of 2017 grew by 11 per cent from the same quarter last year, as the port emerged as one of the region’s prime logistical hubs. The double-digit growth was accomplished despite on

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Takaud posts solid H1 growth, nets good returns

Takaud, a specialist provider of savings, investment and pension solutions for the Middle East and North Africa (Mena) region, has registered solid growth during the first six months with a 9.9 per cent increase in the mid-year returns for its i

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Air Canada records 14pc jump in traffic growth from Dubai

Flag carrier Air Canada expects a further increase in air traffic from Dubai, UAE, this year, having recorded a 14 per cent increase in traffic between the two countries in the first five months of this year, said a report. The Ca

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Freight demand remains robust, profit margins move upward

Industry-wide freight tonne kilometres (FTK) growth has continued its strong start to 2017, with volumes up 10.6 per cent year-on-year in the three months ended April. Once again, European and Asian carriers accounted for more tha

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