The personal computer (PC) market in the Middle East and Africa region grew by 7.4% y/y in the third quarter of 2011, The Saudi Gazette reported citing figures from global IT advisory firm International Data Corporation (IDC). Around 4.7mn PC devices were shipped to the region in the three-month period, with notebook shipments increasing 15.1% y/y to 2.94mn and desktop shipments declining 3.3% y/y to 1.78mn. Most of the shipments, especially in the notebook segment, were directed to the markets of the UAE, Saudi Arabia and Egypt. Global PC and IT facilities manufacturer HP topped the MEA PC market list in Q3 with a sales growth of 37.1% y/y. |
Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more
National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more
The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more