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Topic - Middle East
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Jul 15, 2009
The global financial architecture must change to ensure that developing countries are represented, President Jacob Zuma said on Wednesday. "The total inability of the financial institutions to respond to the financial and economic crises and to prevent a global...
Jul 15, 2009
Gold equities were likely to significantly outperform the gold price in the second half of 2009, Investec Asset Management fund managers specialising in commodities and resources said on Wednesday. Speaking during an international conference call, global commodities...
Jul 13, 2009
A group of 12 large European companies, nine of them German, on Monday signed up to an ambitious transcontinental renewable-energy project, which proponents argue could eventually supply up to 15% of Europe's electricity requirements by 2050 and involve an investment...
Jul 10, 2009
Government should consider reducing the production volumes required to qualify for support under the Automotive Production and Development Programme (APDP), said General Motors South Africa (GMSA) and General Motors (GM) African Operations MD and president Steve Koch...
Jul 10, 2009
Mercedes-Benz South Africa ‘s (MBSA’s) East London plant is the fifth best vehicle production site in the world, this according to global consumer research firm JD Power and Associates.
Jul 09, 2009
Global electrical engineering group Siemens would next week throw its weight behind an ambitious project to harvest solar and wind energy from the deserts of North Africa to supply the growing electricity needs of both the region and Europe, managing board member Dr...
Jul 08, 2009
Attached please find a press release on: GE Healthcare, a global leader in healthcare solutions providing transformational medical technologies and services and the Children’s Cancer Hospital Egypt (CCHE) “57357”, the largest pediatric oncology center of its kind in...
Jul 03, 2009
Technology in the form of an intelligent infrastructure is fundamental to the building industry today, says Electrical Engineering Solutions (EES) MD Bradley Hemphill.
Jul 03, 2009
Jul 03, 2009
Jun 30, 2009
Jun 29, 2009
 
 
 
Jun 26, 2009
Mobile telecommunications operator MTN on Friday announced the company would combine its international carrier services with Belgacom International Carrier Services (Bics). Bics and MTN had an existing strategic cooperation agreement since 2005, and this would be...
Jun 25, 2009
Jun 24, 2009
South African construction and engineering group Murray & Roberts (M&R) said on Wednesday that its order book had stabilised at the R42-billion level over the past two months. Its order book had “settled” at this level in March, following the cancellation of a...
Jun 24, 2009
Mercedes-Benz South Africa 's (MBSA's) East London plant is the fifth best vehicle production site in the world, this according to global consumer research firm JD Power and Associates. MBSA manufacturing executive director Joachim Follmann says the Eastern Cape...
Jun 23, 2009
The International Finance Corporation (IFC) will be providing cellular network provider MTN Afghanistan a $65-million loan and $10-million in equity to support the expansion of the company’s mobile telephone network and meet the country’s growing demand for...
Jun 22, 2009
International capital inflows to developing economies would fall to $363-billion in 2009, down from the $707-billion in 2008 and a sharp decline from the $1,2-trillion in 2007, the World Bank reports in its ‘Global Development Finance 2009’ report. Developing...
Jun 10, 2009
Gold major AngloGold Ashanti has formed a strategic alliance with United Arab Emirates gold exploration company Thani Dubai Mining to explore, develop and operate mines across the Middle East and in parts of North Africa. Each company would own a 50% stake in the...
Jun 10, 2009
Attached please find a press release on: Outsourcing firms handling call volumes from Europe, the Middle East, and Africa (EMEA) continue to remain competitive and profitable with successful initiatives to contain cost during the global economic downturn. Outsourcing...
Jun 09, 2009
Attached please find a press release on: Automechanika Middle East in 2009 concluded on a positive note on Tuesday, (June 2, 2009) with international buyers turning out in big numbers from the GCC, the Middle East, Iran, Africa, CIS, India, and many more countries.
Jun 08, 2009
The provisional liquidators for struggling gold company Pamodzi Gold will allow parties to submit bids for the firm’s East Rand operations until June 19. The closing date for bids for the junior miner’s two other operations – the Free State assets and Orkney mine –...
 
 
 
 
Jun 05, 2009
The main risk to South Africa’s credit rating was not an internal policy “shift to the left”, but rather the external threat posed by a possible “night frost” that could undermine the “green shoots” of the global economic recovery and revive emerging-market risk...
Jun 03, 2009
The Provisional liquidators for struggling gold producer Pamodzi Gold, the SBT Trust, on Wednesday confirmed that Harmony Gold had made a bid for the junior company’s Free State operations. Provisional liquidator Enver Motala told Mining Weekly Online that the group...
May 29, 2009
As the Middle Eastern construction market falters and South African construction companies pull their resources back home, margins are increasingly coming under pressure as competition escalates.
May 28, 2009
South African steel producer ArcelorMittal South Africa, which ran at around 65% of capacity in April, will produce well below that level in May, following two incidents at its Corex furnace. The company has confirmed that the furnace will be out of commission for...
May 27, 2009
The main risk to South Africa’s credit rating was not an internal policy “shift to the left”, but rather the external threat posed by a possible “night frost” that could undermine the “green shoots” of the global economic recovery and revive emerging-market risk...
May 25, 2009
May 25, 2009
Telecommunications giants MTN and Bharti Airtel announced that they have renewed preliminary discussions for a transaction that could see the creation of an “emerging market telecom powerhouse”, where the Indian firm would own a 49% stake in MTN, and MTN would hold a...
May 19, 2009
As the Middle Eastern construction market faltered and South African construction companies pulled their resources back home, margins were coming under pressure as competition increased. However, this pressure was not severe, said Sanyati CEO Malcolm Lobban on...
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
Telecoms operator MTN on Monday said that it increased subscriber numbers by 8% in the quarter ended March 2009, to 98 202 000 subscribers, and further reported that the group reached the 100-million subscriber milestone in April. The company stated that strong...
Apr 29, 2009
Attached please find a press release on: : Leaders from around the world will be descending upon Dubai from 11-14 May for a 4 day meeting that will unveil the next generation of rail projects being rolled out across the Middle East and North Africa.
Apr 24, 2009
One of the leading Middle East and North Africa project management companies, Projacs International is expanding its services to South Africa.
Apr 23, 2009
JSE-listed technology group Allied Technologies (Altech) reported a 42% increase in profits for the year ended February 2009 on Thursday, with net profit rising to R616-million from R435-million in the corresponding period of 2008. Headline earnings a share improved...
 
 
 
 
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.
 
 
 
 
 
 
 
 
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