Friday 1 August 2014
 
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Mena region

VLCC set to ramp up Mena presence

VLCC, a leading wellness brand in ME region and South Asia, is set to significantly ramp up its presence in the Mena region, having delivered top line and Ebidta growth of 26 per cent and 43 per cent respectively last year. The br

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Myriad to open offices in Dubai, India

Myriad Group, a global leader in mobile technology, said it plans to expand its global presence with the opening of new offices in India, Mexico and Dubai. The Switzerland-based group, which has shipped over 3.8 billion software applicatio

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EBRD plans Arab expansion, Russia urges caution

The European Bank for Reconstruction and Development (EBRD) agreed on Saturday to begin the process of expanding lending into the Mena region, following a string of popular revolts in the Arab world. The expansion has been supported by the

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Mena solar sector 'needs better regulation'

International firms are gearing to tap opportunities in the Mena solar power sector but the lack of a regulatory framework will hinder growth, industry executives said. Most countries in the region have relied on their rich oil and gas re

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ME unrest may hurt commercial aircraft companies

The unrest in the Mena region could derail long-term growth in demand for commercial aircrafts due to the impact on oil prices, with supply-driven price hikes likely to dent airline margins, Sanford C. Bernstein analysts said. If margins f

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Silk Invest cuts Saudi, Qatar exposure

Niche frontier markets manager Silk Invest is reducing exposure in Saudi Arabia and Qatar and moving to cash as it takes a cautious approach following political unrest in Egypt, a top executive said on Wednesday. London-based Silk Invest,

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66pc Mena employers plan to hire 'in a year'

About 66 per cent of organisations in the Middle East and North Africa (Mena) region likely to recruit in a year’s time, according to a new study by a leading Middle East jobsite. The Bayt.com Jobs Index study conducted in conjun

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More 'tax reforms likely in Mena region'

The governments in the Mena region have implemented new tax regimes and expanded their commercial laws relating to inward investment and now more tax reforms are likely in 2011, said a top Ernst & Young official. 'Changes in the re

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Mena real estate 'will focus on logistics sector'

Real estate markets across Mena region will see a significant shift in emphasis over the next few years, with far greater attention being focused on the light industrial and logistics market, a report said. This is consistent with governme

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Mena IPO market dips 79 per cent in Q3

Capital markets in the Middle East and North Africa region raised $177 million in the third quarter of 2010, down 79.7 per cent from $871.8 million raised in Q3 last year, according to a new report. Ernst & Young’s quarterly IPO Update

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