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Topic - Middle East
May 18, 2009
Attached please find a press release on: The latest luxury women’s watch from Baume & Mercier - Ilea - was unveiled recently for the Middle East market.
May 13, 2009
Specialists information technology (IT) services provider Dimension Data interim profit attributable to equity shareholders increased by 18% to $65,99-million, the London- and Johannesburg-listed company said on Wednesday. Basic earnings a share increased to 3,9 c a...
May 13, 2009
May 12, 2009
Telecommunications tower sharing could save mobile operators across Africa and the Middle East about R70-billion in ongoing capital and operational expenditure over the next five years, said telecoms advisory firm Delta Partners. In its report ‘Tower Sharing in the...
May 08, 2009
THE air freight sector in Africa is, unlike its counterparts elsewhere in the world, already showing signs of recovery, although a modest one
May 08, 2009
The current state of the local valve industry reflects the global economic downturn, South African Valves and Actuator Manufacturers Association (Savama) president Ted Atkins, tells Engineering News.
May 05, 2009
A consortium of South African and Middle Eastern investors was at the ready to buy the provisionally liquidated Pamodzi Gold for $150-million and invest the rest of a $500-million fund at its disposal as the “first tranche” of an elaborate mining investment...
May 05, 2009
Chrysler South Africa remains in "excellent" financial health and will continue with a “business-as-usual” strategy, while its US parent pursues a far-reaching restructuring under the bankruptcy protection offered by US law, Chrysler South Africa CEO and MD Trent...
May 04, 2009
Apr 29, 2009
Apr 24, 2009
Apr 23, 2009
Apr 17, 2009
Growth partnership company Frost & Sullivan reports that at a global level, electricity consumption is forecast to increase from 10 543-billion kilowatt hours in 1990 to over 30 116-billion kilowatt hours in 2030 at a compound annual growth rate of 3,6%.
Apr 16, 2009
Apr 16, 2009
South African construction and engineering group Murray & Roberts (M&R) has pulled out of another contract in Dubai, bringing its total cancelled order book in the Middle East and elsewhere to R20-billion. The group said in a statement to shareholders on Thursday...
Apr 09, 2009
A survey of nearly 200 leading entrepreneurs across Europe, the Middle East and Africa has revealed that entrepreneurs remained relatively optimistic about business opportunities, despite the global recession. The study carried out by audit and business advisory...
Apr 08, 2009
Attached please find a press release on: A survey of nearly 200 leading entrepreneurs across Europe, the Middle East and Africa has revealed that despite the recession they remain relatively optimistic about business opportunities.
Apr 03, 2009
Mar 27, 2009
Opportunities exist to invest over a trillion dollars in infrastructure in 12 African countries over the next 40 years, a recent industry study has found.
Mar 27, 2009
Never believe it when a smooth-talking, immacutely dressed Hollywood action hero jumps behind a black-and-white police car for protection when the bullets start flying. Or when a single bullet pierces the fuel tank and the car explodes in a spectacular ball of fire.
Mar 27, 2009
The recent three-way merger between Connell Wagner, of Australia, and Africon and Ninham Shand, of South Africa, to form Aurecon, effectively created a new South African consulting-engineering giant that is four-times larger than its nearest domestic competitor. But...
Mar 26, 2009
Mar 25, 2009
South African construction major Murray & Roberts (M&R) reported on Wednesday that a joint-venture contract, worth R5-billion to the group, for the construction of the Tameer Towers project, in the emirate of Abu Dhabi, in the United Arab Emirates, had been...
Mar 20, 2009
Global steel output fell by 22% in February to 84-million tons, with nearly all major steel-producing countries reporting lower output, the World Steel Association reported on Friday. However, the association said that Iran and China reported an increase in steel...
Mar 20, 2009
South Africa’s chemical and petrochemicals industry is of substantial economic significance to the country, contributing around 5% to gross domestic product and about 25% of its manufacturing sales.
Mar 18, 2009
Perth-based Gleneagle Gold has been granted shareholder approval for a series of transactions relating to the acquisition, financing, and execution of a landmark coal mining and independent power producer strategy, in the Waterberg coalfield, in South Africa. The...
Mar 16, 2009
Mar 13, 2009
"We are on the acquisition trail," says Basil Read CEO Marius Heyns. "We have to beef up our buildings division with some acquisitions. We'll make an announcement as soon as we are ready."
Mar 13, 2009
Supplier of security and life safety technologies GE Security has launched a technical training security facility in Johannesburg.
Mar 13, 2009
Engineering contractor Murray & Roberts (M&R) has warned that working capital risks could increase as public infrastructure projects become core to order books, owing to the fact that public clients generally take longer to approve payments for project...
Mar 12, 2009
Mar 12, 2009
Mar 12, 2009
Mar 10, 2009
Making progress in ‘banking the unbanked’ in Africa, telecoms operator MTN on Tuesday announced that the launch of Mobile Money Transfer (MMT) in Uganda would mark the start of planned launches of the banking function across its operations in Africa and Middle East....
Mar 10, 2009
Attached please find a press release on: The MTN Group has announced that the successful launch of Mobile Money Transfer (MMT) in Uganda marks the beginning of a series of planned launches across its operations in Africa and Middle East.
Mar 09, 2009
Global consulting and engineering firm the DHV Group, which owns a majority stake in South Africa’s SSI, reported a 57% increase in net profit for the 2008 financial year. Net profit rose to €9,4-million, from the €6-million recorded over the previous period. The...
Mar 06, 2009
The information technology (IT) market will be shaped by two major forces “colliding with each other” as the deepening global recession meets an ongoing IT industry transformation, says International Data Corporation (IDC) Central Europe, Middle East and Africa MD...
Mar 06, 2009
Protective clothing manufacturer Sweet-Orr & Lybro has risen above the global financial crisis to buy out its equity partner African Merchant Bank’s 44,5% share in the company.
Mar 02, 2009
Attached please find a press release on: As part of Eaton’s global strategy to reposition itself, Eaton Electrical Group has deployed a brand strategy for its Power Quality Solutions throughout Europe, the Middle East and Africa (EMEA). Legacy brands, like the South...
Feb 27, 2009
The World Steel Association (WSA) reports that world crude steel production reached 1,3-billion tons in 2008.
Feb 27, 2009
There is a significant lack of green building information, with the strongest shortage felt in Sub-Saharan Africa, according to McGraw-Hill Construction, an international construction industry media, research and information company.
Feb 27, 2009
Group Five does not anticipate its operating margin to come under pressure this year, despite the current economic crisis, says CEO Mike Upton.
Feb 26, 2009
The International Air Transport Association (Iata) said on Thursday that the global scheduled traffic results for January showed a deepening year-on-year demand slump. The association stated that international passenger demand fell by 5,6% in January, compared with...
Feb 26, 2009
Leading South African engineering contractor Murray & Roberts (M&R) warned on Thursday that, while public infrastructure projects would definitely provide order-book impetus in the coming months, working capital risks could also increase, given that public clients...
Feb 25, 2009
South African engineering and construction major Murray & Roberts (M&R) reported on Wednesday that its project order book had fallen marginally to R60-billion as of the end of December against the R61-billion reported at the end of September. However, it also...
Feb 20, 2009
Freight logistics group Transnet has reportedly invited three international original equipment manufacturers (OEMs) to bid to supply 100 diesel locomotives, following the State-owned enterprise’s earlier decision to withdraw a tender for 212 diesel locomotives.

Feb 17, 2009
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