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Topic - Middle East
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
Feb 27, 2009
Feb 26, 2009
Feb 26, 2009
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
Feb 16, 2009
Feb 16, 2009
Although it was difficult to forecast the future impact of the current global economic volatility on local companies, construction and engineering firm Group Five remained confident that it would achieve earnings growth in the next two to three years. “Although the...
Feb 13, 2009
Construction and engineering firm Murray & Roberts (M&R) expects its diluted headline earnings a share for the half-year ended December 31, 2008, to be between 35% and 40% higher than the 216c a share recorded the year before. Further, its diluted earnings a share...
Feb 10, 2009
Attached please find a press release on: For more and more bodyshops in the Middle East, Glasurit® has become the product of choice. Glasurit, a BASF Coatings’ paint brand, has strengthened its position in the market for automotive refinish products in the United...
Feb 10, 2009
Attached please find a press release on: SAS the leader in Business Analytics software and services, has appointed Riad Gydien to the position of Vice President for Africa and the Middle East.
Feb 06, 2009
INVESTMENT flows into emerging markets, a category which includes South Africa, will drop significantly this year, following a fall last year (2008). This is the forecast from the Institute of International Finance (IIF), which is the global association of major banks.
Feb 04, 2009
State freight logistics group Transnet confirmed on Wednesday that it had “withdrawn” a tender for 212 diesel locomotives, ending protracted commercial discussions with Electromotive Diesel (EMD), of the US, which had been named previously as the preferred bidder for...
Feb 03, 2009
Global industrial and technology giant General Electric (GE) remained sanguine about Africa’s growth potential and said on Tuesday that it had not received a single order cancellation across the continent as a consequence of the economic slowdown. Since 2004, the...
Feb 02, 2009
Vehicle manufacturer General Motors South Africa (GMSA) could shed more jobs should Hummer production be halted at the company's Port Elizabeth plant. "This would impact on jobs, particularly those that are linked directly to the Hummer," says company spokesperson...
Jan 30, 2009
The share of alternative energies in the worldwide energy supply is expected to grow significantly in the future, primarily driven by the political risk of relying on declining oil reserves and concerns about global warming, inspiring many countries to enact...
Jan 30, 2009
Jan 26, 2009
Attached please find a press release on: Avaya, a global leader in business communications applications, software and services, recently announced the appointment of Thomas Veit to the role of director, Avaya Europe, Middle East and Africa (EMEA) Distribution,...
Jan 26, 2009
Minister of Environmental Affairs and Tourism Marthinus van Schalkwyk on Monday launched the draft Tourism Planning Toolkit for Local Government, which would clarify how to complete a basic tourism plan within a South African local municipality. The toolkit was put...
Jan 23, 2009
Finalise an appropriate stimulus package to revive a flagging economy; stem the unemployment tide; close Guantanamo Bay detention centre; and deal with a pressing new conflict in the Middle East. And that’s just day one. Then there are the complex healthcare,...
Jan 22, 2009
South Africans remained optimistic about the immediate future of the economy, the MasterCard Worldwide Index of Consumer Confidence published on Thursday found. The Index is based on a survey that measures consumer confidence on prevailing expectations in the market...
Jan 22, 2009
China, a country that doubled its steel output within five years, has become the first country ever to produce more than 500-million tons of steel in one year, the World Steel Association (WSA) reported on Thursday. China’s crude steel output jumped 2,6% in 2008 to...
Jan 21, 2009
South African construction company Group Five on Wednesday said that it expected to see increased earnings a share of between 30% and 40% for the interim period ended December 2008, when compared with the same period in 2007. Headline earnings a share of between 45%...
Jan 21, 2009
South African construction giant Group Five on Wednesday reported that one of its projects in the Middle East worth some R654-million was suspended, and another contract in the Middle East, worth R3,3-billion has been cancelled. The company assured shareholders that...
Jan 21, 2009
Jan 20, 2009
South African construction firm Murray & Roberts (M&R) on Tuesday confirmed that a second contract in the Middle East had been scrapped. The JSE-listed company said Sama Dubai had terminated a resort project in Bahrain, where M&R partnered with Nass Corporation. In...
Jan 19, 2009
International communications provider Tata Communications on Monday lifted its stake in South Africa's second national operator, Neotel, to over 50%, after buying the 30% stake previously owned by the State-owned entities Eskom and Transnet. Tata Africa Holdings,...
Jan 16, 2009
Attached please find a press release on: UPS (NYSE:UPS) today began offering domestic express pickup and delivery services inside South Africa and inside 15 additional countries across Europe, Africa, the Middle East and Latin America.
Dec 12, 2008
What’s On provides you with information about conferences, exhibitions, seminars, training courses and other events pertaining to general industry and the mining sector. To include information about an upcoming event, e-mail with key...
Dec 12, 2008
South African automotive components suppliers can use the current weakness of the rand to grow export volumes, says General Motors South Africa (GMSA) global purchasing and supply chain vice-president Evan Dold.
Dec 12, 2008
Private equity group Actis remained confident of achieving “first close” on what could emerge to become a $1-billion emerging-market infrastructure fund by the end of the first quarter of 2009, the group’s head for Africa Peter Schmid confirmed last week. Speaking...
Dec 09, 2008
Three Boeings operated by the defunct airline, Nationwide, have been sold to an unknown bidder for $1,07-million, asset sales and services company the Alliance Group announced on Tuesday. "Today's auction was the first time in South African history that Boeings...
Dec 05, 2008
What’s On provides you with information about conferences, exhibitions, seminars, training courses and other events pertaining to general industry and the mining sector. To include information about an upcoming event, e-mail with key...
Dec 01, 2008
Emerging-market focused private equity company Actis expects to invest as much as $1-billion of a larger $2,9-billion private equity fund, which was closed on Monday, into Africa, with more than half of that to flow towards buyout and growth deals in South Africa....
Dec 01, 2008
Attached please find a press release on: Softworx, a division of EOH and distributor of Infor in Sub-Saharan Africa, was recently awarded the Channel Partner award for Europe, Middle East and Africa (EMEA) at Infor’s Partner Summit held in Marbella, Spain. The award...
Nov 28, 2008
What’s On provides you with information about conferences, exhibitions, seminars, training courses and other events pertaining to general industry and the mining sector. To include information about an upcoming event, e-mail with key...
Nov 24, 2008
Gold producer dehedging slowed in the third quarter of the year, showing its smallest quarterly cut since the end of 2006, precious metals consultancy GFMS said on Monday. Gold producers cut 2,03-million ounces during the quarter ended September, leaving the global...
Nov 21, 2008
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