Greeting from regional Headquarters in Dubai, At the beginning of my message today, I would like to congratulate you on your great efforts in the past quarter. Keep up the good work but do not forget to stay safe while doing so - safety comes first. In the second quarter of 2018, business in the Middle East and Africa continued to witness a double-digit growth of xx% compared to Q2 of the previous year. This increase in business happened despite the tightening sanctions in Iran. This indeed is a testimony to the resilience of our region. The Middle East and Africa platform achieved several milestones in the past quarter, We held our first conference for the newly formed region last May in Kenya, which was the final step in theintegration of two regions into one new platform, Evonik Middle East and Africa. We received great feedback and the spirit and energy of our team tookprominence at the event.
In addition, we concludedour SG&A project to identify potential saving opportunities in the MiddleEast Africa and make the regional organization leaner. My team and Isuccessfully earmarked these opportunities, and I am happy to say that theywill require no further reduction in the headcount for the employees workingdirectly on the platform. Naturally, the business lines make their decisionsindependently, and I hope they can find similar solutions. It is normal that there arealways challenges in business and the main challenge for our region year is thetightening sanctions in Iran. I am working very closely with the GeneralManager of Iran to find a solution, and we will have a meeting with the boardvery soon to discuss the topic. I hope I can offer you more information in ournext newsletter. At the end of my message toyou today, I would like to reassure you that our regional organization continues to perform well which is of course to the benefit of the entire team.I hope we continue at this pace and wish you a great quarter three... Good day
Greetings Self introduction Introduction to regional HQ