For European-headquartered manufacturers, it’s a common (if existential) question: How will we grow our business and keep ahead of ever-rising operating costs, without sacrificing product quality and innovation? In response, many European manufacturers decided to open a facility in the U.S. or Canada to support expansion and to put production…
FDI
What a German Recession Means For The Rest of Europe
The German economy grew at its slowest annual rate between August 2018 and July 2019 since the depth of the 2011 euro crisis. The September PMI numbers dropped to 49. It is the first time since April 2013 that Germany’s PMI, which tracks manufacturing and services sectors, fell below 50.
Dubai Soars to Number Eight Amongst Global Financial Powerhouses
Dubai has risen up the ranks of the Global Financial Centres Index (GFCI) to number eight position, representing its highest ever ranking. The city is the only financial centre within MEASA to appear within the top 10 rankings, placing it alongside other pivotal financial hubs such as London, New York,…
Mark Geilenkirchen Chief Executive Officer- SOHAR Port
CEO Insight: How would you describe SOHAR’s near-term objectives and long-term vision? Mark Geilenkirchen: Our near-term and long-term vision is intrinsically linked, with the objectives of Vision 2040 being the driving force behind our business today. SOHAR Vision 2040 will help us rapidly grow in a way that is…
15 Years of Continued Growth
The Sultanate of Oman is experiencing solid growth in the food logistics and e-commerce sectors. Over the course of recent years, there have been various efforts focusing on economic diversification initiatives towards the non-oil sectors of the economy. This national strategy has given rise to a thriving logistics sector, with…
South Africa Regains FDI Allure
According to a recent UN report, foreign direct investment into South Africa grew from $1.3bn in 2017 to $7.1bn in 2018, a 446% increase. This will have come as a welcome boost to President Cyril Ramaphosa and his plan to attract $100bn of new investment to the country. Ramaphosa has…