Two companies have signed a deal to sell solar panels and other related services in the Middle East and Africa. O Capital and REC Solar Holdings are embarking on this partnership with the intention of taking advantage of what they see will be major growth in the renewable energy sector. “Beginning in 2017, we are… Continue Reading
Category Archives: Regional
Middle East Seeing Surge in High Tech Economy
An SAP and Economist Intelligence Unit (EIU) report shows that many businesses are realizing surprising benefits to their bottom-lines due to better access to information, including data on prospective clients, current customers, or internal functioning. McKinsey & Company also point out that businesses that are incorporating the digital marketplace will able to potentially see an… Continue Reading
Oman Discussing Power Rationing for Summer
Corporate Communication Specialist Zahran Zahir Al Ruqeishi of the Muscat Electricity Distribution Company (MEDC) said, “The need (for rationing) is not just from the ‘saving money’ point of view, but also due to environmental factors.” Al Ruqeishi emphasized that consumers are for the most part unaware that the indiscriminate use of electricity leads to exorbitant… Continue Reading
Aspect Software Appoints Sanjay Gupta to Lead Asian and Middle East Efforts
In order to strengthen its reach to Asia and the Middle East, Aspect Software appointed Sanjay Gupta as managing director for India, Middle East and SAARC (South Asian Association for Regional Cooperation.) One of the world’s leading providers of customer contact and enterprise workforce optimization, Aspect would like to extend its reach more successfully into… Continue Reading
Middle East Economic Recovery Prompting Private Equity Firms to Sell Assets
Signs of economic recovery are in the air as several private equity firms in the Middle East prepare to leave a variety of investment vehicles in the coming weeks and months, according to executives in the industry. After the economic challenge of the Arab Spring, compounded by the international financial crisis, investors now feel the… Continue Reading
TRI Hospitality Survey Reveals Dubai Hotels Doing Well
TRI Hospitality Consulting conducted a HotStats survey which showed that UAE hotels had excellent improvement in performance in all the relevant indicators in January of 2012. The strong performance was partly attributed to increased tourism for the Dubai Shopping Festival. According to the survey Dubai hotels outperformed the other MENA markets by a wide margin.… Continue Reading
Iran Displays Sajjil Missile During Military Parade
The 31st anniversary of the commencement of the Iraq-Iran war was marked last week with a spectacular military parade complete with a display of Iran’s growing arsenal of short and medium range ballistic missiles. The solid-fuel Sajjil was brought back for another year, after its parading last year was such a success. The Sajjil missile… Continue Reading
Syria Cracks Down on Rebels Near Turkish Border
Violence has stepped up a notch or two in Syria as the government continues to crackdown harshly on anti-government protestors across the country. One hundred people or more have already died just this past week in the Syrian regime’s attempts to suppress rebels in the face of growing concern and criticism within the international community.… Continue Reading
HSBC Planning Job Cuts in Six Middle Eastern Countries
Beginning of Major Lay-Off Plan The bank which calls itself “The World’s Local Bank,” HSBC, has decided to lay-off at least 200 employees in six countries in the Middle East. The job cut of 200 in the region is just the beginning of a major reduction in worldwide employees reaching as many as 30,000 cuts… Continue Reading
Putting on the Ritz in Abu Dhabi
Those visiting Abu Dhabi will soon be able to do so in even more style. That’s because they are projecting to have the First Ritz-Carlton finished in the area by the end of 2011. Abu Dhabi National Hotels is spearheading the work, with CEO Richard Riley. Pushing for an Opening As Riley told Hotelier Middle… Continue Reading