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Autos & Transport

FEATURED REPORT...
Posted: 18-12-2008
INTERNATIONAL. The global credit crisis will make 2009 a challenging year for car sales in the exporting Gulf region, top automakers said yesterday. Land Rover, Mercedes-Benz of Daimler and General Motors are among those who have noticed a slowdown in the region during the past couple of months.“There’s been a 10-15% reduction in sales in the last two months due to a lack of financing from banks,” said Mike Devereux, the Middle East managing director of General Motors.“Up to November this year, sales have been up 10% to 134,000 vehicles in this region, an all-time record,” he told Re
Posted: August 31, 2010
UAE. As part of its ongoing commitment to social responsibility, BMW Group has pledged its support and unity to the victims of the devastating floods that hit Pakistan.
Posted: August 29, 2010
UAE. Land Rover MENAP will be donating six Land Rover Defender 110 station wagons to the Pakistan Red Crescent Society and six more to the Pakistan Army in order to help the disaster relief operation.
Posted: August 29, 2010
SAUDI ARABIA. Increased availability of lending facilities supports growth as loans expected to account for up to 70% of car sales, up from 50%.
Posted: August 29, 2010
EGYPT. Citadel Capital's shareholding in the national railway of Kenya and Uganda reaches the 51% mark as transactions close.
Posted: August 29, 2010
SAUDI ARABIA. Saudi Binladin Group, Freyssinet Saudi Arabia and Saudi Oger bid for the US$2.1 billion contract to build four passenger stations.
Posted: August 27, 2010
KUWAIT. Huge transportation projects are underway in Kuwait in order to improve the country's connectivity with its neighbors and reduce its congestion and traffic problems.
Posted: August 22, 2010
QATAR. Alfardan Premier Motors Company has recently kick-started its Ramadan promotion for the Jaguar range.
Posted: August 22, 2010
UAE. The XJ75 Platinum Concept is the company's first demonstration of the design customisation potential of the new XJ luxury salon.
Posted: August 21, 2010
SAUDI ARABIA. First Middle East award for Ford's flagship sedan; 2010 Taurus adds to its International Car Of The Year (COTY) accolades.
Posted: August 21, 2010
INTERNATIONAL. President Obama's clean energy agenda is on track as the US tagged US$1.5 billion of the US$2.4 billion in electric technology development funds for battery manufacturing projects.
Posted: August 19, 2010
UAE. Dates and water provided to motorists during Iftar time.
Posted: August 18, 2010
INTERNATIONAL. Ali Alghanim & Sons Automotive and Dana Motors revealed as official McLaren Automotive dealers in Kuwait and Qatar.
Posted: August 18, 2010
UAE. Record 72% regional growth caps strong year for company in FY '09-'10
Posted: August 15, 2010
UAE. Allows vehicles to run on internal combustion, electric or combined power; Models to complement alternative energy initiatives in the Middle East.
Posted: August 15, 2010
UAE. National Automotive Trading Co. announced as official partner; Dealership to open in Erbil/Kurdistan in September; Further expansion in Iraq planned.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 2, 2010
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
date:Posted: September 1, 2010
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
date:Posted: September 1, 2010
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.
INTERNATIONAL. Masood Ahmed, Director of the IMF's Middle East and Central Asia Department, described the flooding as a "human catastrophe that is still evolving." Reconstruction costs expected to run into billions of dollars.