Business & Management

RAK focuses on SMEs

Ras Al Khaimah is focusing on small and medium enterprises (SMEs) by directing them to invest in untapped areas, increasing their management skills and ensuring high sales of their products.

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Qatar’s tourism sector set for main revenue growth

Qatar’s tourism sector set for main revenue growth

QATAR’S TOURISM SECTOR is expected to sustain its six per cent annual revenue growth rate in 2010, and will particularly continue to focus on inbound travel being generated by the rapidly expanding local meetings, incentives, conferences and exhibitions (MICE) segment. The more than 180 major events scheduled in Qatar this year are expected to further increase demand for hotel rooms, mirroring the solid 25 per cent increase in room space recorded in 2009.

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Demand for third-party logistics to grow

Demand for outsourced services from logistics providers, also known as 3PL (third party logistics), will grow more than 20 per cent in the region as companies streamline their core businesses to enhance efficiency, said senior industry players.

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Sector ripe for M&A activity

A LOGISTICS EXPERT has said that the GCC's logistics sector is becoming increasingly appealing for merger and acquisition (M&A) activity in today's environment.

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Another world first for Mitsubishi

European production of the world’s first 4.0 to 5.0 tonne capacity hybrid forklifts will commence in 2011, according to sources at Mitsubishi Forklift Trucks.

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