The Partnership for Open & Fair Skies, a coalition of US airlines, has long been charging three Middle East airlines of unfair trade practices, but neither the Obama administration nor the Trump White House have taken notice or acted on the issue. The coalition includes United, American and Delta airlines, who contend that there should… Continue Reading
Category Archives: Business
Bombardier, Maker of Learjet, Shows Latest Models in Dubai
Montreal-based Bombardier Business Aircraft, a producer of business grade jets, projects that its Middle East market should remain strong in the near future. “Our market forecast predicts 350 deliveries valued at $12 billion over the next 10 years, with medium and large category aircraft accounting for about 95 per cent of these deliveries,” said Senior… Continue Reading
Yellow Cab Pizza Coming to Middle East Locations
Beginning in January, 2017, Kuwait, Bahrain and Oman will be seeing a new restaurant chain within their borders. Over the next five years approximately 22 Yellow Cab Pizza restaurants will be established after a deal was forged between casual dining chain and owner of the Yellow Cab Pizza brand, Max’s Group Inc., and Silver Group.… Continue Reading
Mondelez Restructuring Sending Workers to Singapore and Zurich
Due to global restructuring, the giant snack/candy manufacturer Mondelez will be reducing its Dubai presence over the coming months. The goal will be to reduce its international structure down from five world regions to only four. Mondelez is the company behind such popular treats as Oreo biscuits and Cadbury Dairy Milk. The region that will… Continue Reading
Barclays to Cut 150 Jobs in Dubai
The downtown Dubai offices of Barclays Plc in Emaar square are closing due to worldwide overhaul in structuring of the giant lending institution headquartered in the U.K. Approximately 150 people will be fired, while others, such as bankers and support staff, will be move to Barclays’ office at the Dubai International Financial Center. The corporate… Continue Reading
Halal Certified Cleanser Wins Additional Contracts in Middle East
Belfast-based Medizar, maker of anti-bacterial and microbial sanitizers which are 100% alcohol free, has increased its business investment in the Middle East by a £250,000. The company has already been supplying its products to the United Arab Emirates and Qatar since 2013, and was able to obtain additional contracts after participating in an Invest NI… Continue Reading
China Telecom Expanding Business in Middle East and Africa
In order to take advantage of the growth potential in the under-served MENA sector, China Telecom opened an operating unit in the region which will control business there. The African and Middle Eastern-based China Telecom will manage their network and push for greater business development in the area. It will also oversee its local subsidiaries. … Continue Reading
Oil Prices Falling as OPEC Nixes Cut in Production
Listen to an overview of the OPEC decision not to cut production as a method to boost prices. Gulf countries are looking instead to improve business by keeping prices down through achieving increased market share and the ability to realize a number of political objectives. Brent crude was selling for below $70/barrel and West Texas… Continue Reading
Accor Doubling Rooms by Decade’s End
Sébastien Bazin, chairman and CEO of Accor HotelServices Middle East announced that the company is looking to double the number of hotel rooms they offer by the year 2020, to 30,000 rooms. The plan was revealed as the company celebrated the milestone of having 100 hotels under their auspices in the Middle East with a… Continue Reading
Panasonic Boosting Middle East Market Share
Shinichi Wakita, managing director of Panasonic Marketing Middle East and Africa told reporters at the Gitex event in Dubai that the Japanese consumer electronics giant is aiming to double their penetration in the MENA market in the next few years. Wakita admitted that Panasonic has been facing fierce completion lately in this market, eating into… Continue Reading