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Daikin opens first exclusive showroom in the UAE
February 18, 2018 Daikin, in collaboration with registered dealer Al Motaheda Electrical and Mechanical Works, has opened their first exclusive showroom in Al Ain and is eying a number of new showrooms in the emirate in the future. Located in Al Ain Town Centre, the showroom will feature the bran.../images/up/News/201821911263752373.jpg
Honeywell launches industrial cyber security facility
February 13, 2018 Honeywell has announced the launch of its first industrial cyber security centre of excellence (COE) at its Middle East headquarters in Dubai. The centre will test and demonstrate process control network vulnerabilities and threats, train customers with real-time attack simulat.../images/up/News/20182141184786946.jpg
TCL Air Conditioner After-Sales Training Tour Started In Iraq
2018-01-11 TCLaircon TCL had a successful training tour in Iraq at the beginning of the year 2018. From Jan 6th to 11th, TCL Air conditioner, cooperated with Iraqi exclusive distributor -- RDK Electronics FZCO, held the after-sales training program in Iraq, with two sessions in Bagdad, and one .../images/up/News/201812710403855928.jpg
Saudi HVACR and FM sectors see growing demand
Recently concluded trade shows in Jeddah welcome 18% more visitors in 2018 January 24, 2018 An increased number of visitors at a leading show in Saudi Arabia has highlighted a growing demand in the kingdom’s HVACR market and Facilities Management sectors. More than 5,000 delegates attended the .../images/up/News/201812611424262068.jpg
Economic recession in Latin America over the past three years has prompted many global companies, including U.S. and Japanese companies, to close local businesses and withdraw from the local market. It has also exacerbated the contraction of the local air conditioner market. However, the general opi.../images/up/News/20181220472757334.jpg
Iraq’s air conditioner market was recovering in 2017 and reached a market scale of 341,000 units. RACs dominate the market and increased by 8.2% year on year. Due to sanctions on Iran several years ago, foreign companies have found it very difficult to export products to Iran. A large number of a...
Sales total of RACs and PACs in Iran recorded 532,000 units in 2017, an increase of 4.8% from 2016. Smuggled air conditioners are common in the market. In January 2016, the United States lifted sanctions on Iran. The foreign exchange rate fluctuated chaotically, and the Iranian government enacted.../images/up/News/20181220441882616.jpg
In 2017, UAE RAC market scale decreased by 2.8%, down to 537,000 units, and PAC sales also decreased to about 192,000 units. Window-type units comprised approximately 50% of the RAC market. Despite the downward trend in 2017, UAE is a potential market thanks to a boom in construction market. The .../images/up/News/2018122043951254.jpg
2.9 MIDDLE EAST: Saudi Arabia
Saudi Arabia is still experiencing economic stagnation due to the fall in oil prices, and a sense of political uncertainty lingers. The RAC market reached about 1.4 million units, a decrease of 14.4% year on year. Sales in the PAC market also decreased to 212,000 units in 2017. The year-round hot.../images/up/News/20181220345852614.jpg
The Middle Eastern market has not yet escaped from stagnant growth, with the economy hurt by falling oil prices and political instability. According to the IMF, economic growth rates in the all major Middle Eastern countries decreased in 2017 compared with 2016: Saudi Arabia decreased to 0.1% in 201.../images/up/News/201812120563748129.jpg
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