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Topic - Middle East
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
Apr 03, 2009
Mar 27, 2009
Mar 27, 2009
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
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...
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