Middle East

2012.07.05

13630Hastie administrator faces Middle East confrontation

3 July 2012 Middle East division of building services group demands adminstrator ‘gets his arse over to the UAE’   PPB Advisory, the administrator of the Hastie Group, which is currently estimate...

2012.07.03

13597Abu Dhabi to get more air-conditioned bus shelters

Date :  28/06/2012 Type :  Technology   Abu Dhabi’s Department of Transport (DoT) is to install additional air-conditioned bus shelters in Abu Dhabi, Al Ain and the western region. &nb...

2012.06.29

13530NFRC: a new centre for natural refrigerants in Pakistan

25/06/2012 The Natural Fluids Refrigeration Centre (NFRC) is the result of a partnership between GIK Institute of Engineering Sciences and Technology in collaboration with Isotherm, Inc. USA.   ...

2012.06.28

13510Lochinvar Names Goodwin President, Chief Operating Officer

June 26, 2012 LEBANON, Tenn. -- Wallace E. “Eddie” Goodwin has been named president and chief operating officer of Lochinvar LLC, a leading manufacturer of high-efficiency water heaters, boilers, pool heaters, and commercial solar thermal equipment.   Goodwin will be responsible for managing day-to-day operations of the company as well as working with senior leadership to establish long-range...

2012.05.30

13181Hastie Group collapse affects 4,700 jobs in Australia and Mi

28 May 2012 Subcontractors told to stop work on Hastie projects, as there is no ‘access to cash’   Adminstrators of Australian rac giant Hastie Group said there are no funds for 33 of the companies it is administering in the M+E and plumbing (MEP) sector in Australia and the Middle East, affecting a total of 4,700 jobs.   Banks appointed administrator PPB Advisory today, as a result, PPB...

2012.05.29

131422.9.4 Israel

Last summer, large social justice demonstrations were held in Israel to protest the lack of housing for young couples and students. As a result, the Israeli government recently approved a new housing plan designed to add tens of thousands of apartments to the housing market, which may increase air conditioner installations in the country.   With a market size of about 450,000 units last year,...

2012.05.29

131412.9.3 Iran

Iran’s air conditioner market scale in 2011 is estimated at 513,000 units. The market was slighlly contracted from the previous year due to the international economic sanctions imposed on Iran. However, with a large population of over 75 million and a very hot climate, the market has potential. Whether the economic sanctions are relaxed is the key to future growth.   Window-type units account...

2012.05.29

131402.9.2 UAE

The economy of the United Arab Emirates (UAE) grew moderately in 2011 due to higher oil prices and trade with Asia. Sectors such as real estate, however, have not yet fully recovered from the 2009 deb...

2012.05.29

131392.9.1 Saudi Arabia

Saudi Arabia has enjoyed solid economic performance due to stable oil prices and has been investing heavily in public works around the country, including university construction. Air conditioner deman...

2012.05.29

131382.9 Middle East

According to IMF data, real GDP growth for the Middle East combined with North Africa (MENA) was 3.5% in 2011, falling below the 4.9% posted in 2010.   Iran’s real GDP growth fell to 2.0% in 2011...

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