News archive

August 2016

Steinert Technology appoints Ralf Sundmaeker as director of sales for machinery

31-08-2016

From September 1, Ralf Sundmaeker will join Steinert Technology as their new sales director for their machinery division in Southeast Asia and will be based in Bnagkok, Thailand. Mr Sundmaeker is a 30-year veteran in the woodworking machinery industry. He joins Steinert Technology from Karl Heesemann Maschinenfabrik where he was there …

Dubai tourism up, spelling for growth retail and hospitality

31-08-2016

From January to June, Dubai received about 59,800 visitors from Oman, a 23% increase compared to the same period last year. The figures bump the sultanate up to be the fourth largest source of visitors, making it the country to experience the highest increase in the number of visitors.  With continuous growth in India and Saudi Arabia, the …

5% growth in Finnish sawn softwood for first half of 2016

31-08-2016

In the latest figues from the Finnish Forest Industries Federation (FFIF), Finnish sawn softwood production increased by 5% in the first half of 2016. The total softwood sawn timber production between January to June amounted to 5.8 million m³ while the second quarter has already seen a production of 3.1 million m³, a 16% …

MENA's hotel performance in July 2016

30-08-2016

In July this year, hotels in the Middle East reported mixed results, while hotels in Africa posted positive in the three key performance metrics when reported in U.S. dollar constant currency, according to data from STR.Compared with July 2015, the Middle East recorded a 4.8% rise in occupancy to 58.0%, but average daily rate (ADR) was down …

MENA region to see 541 hotel openings before 2020

30-08-2016

With 541 new hotels in the pipeline across the Middle East, it brings an additional 158,950 hotel rooms to the region, as revealed in an industry report. Prepared by TOPHOTELPROJECTS exclusively for The Hotel Show Dubai 2016, the Middle East Hotel Construction Overview report forecasted that majority of  the new hotel rooms will open before …

Binderholz expands CLT production capacity

30-08-2016

In a move to extend its large-format capacity, - builds its third cross laminated timber (CLT) plant at its Burgbernheim site in Germany, which will become operational in December 2016.   The company also invested in extending product and factory assembly capacity at its main site in Unternberg, Austria late last year. Following this …

Bahrain's real estate growth bolsters confidence in property project developers

29-08-2016

In recent reports by property business analysis firm, REIDIN, growing demand in Bahrain real estate sector amid construction and tourism markets expansion has resulted in brick-wall confidence for mega project developers. With the construction industry reaching 4.5% year-on-year growth rate and the influx of 11.6 million tourists in 2015 …

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