Finance & Banking

FEATURED REPORT...
Posted: 11-08-2011
UAE. Dubai state companies are securing bank financing as the latest tumult in global markets fails to derail the emirate's recovery from the 2009 debt crisis. Dubai Holding LLC, one of the three main state-owned holding companies, reached an accord with lenders to extend a US$1.16 billion loan to December 2016, according to a company official. Port & Free Zone World FZE, an intermediate holding company for port operator DP World Ltd. (DPW), is raising US$850 million to refinance debt, three bankers familiar with the plan said. Investment Corporation of Dubai said on August 8 it will rep
Posted: May 20, 2016
INTERNATIONAL. Regional Managing Partner for Financial Services in EMEIA to head up EY's second largest geographic area by revenue; Joins EY's Global Executive committee.
Posted: May 20, 2016
UAE. Approximately one in five respondents in the Middle East explicitly stated that they are willing to act unethically and offer entertainment to win or retain business; 23% of respondents agree that it is common practice to use bribery to win contracts.
Posted: May 20, 2016
INTERNATIONAL. Global stocks overlooked the resurgence in oil prices with most major stocks tumbling to fresh six week lows during trading on Thursday, on the possibility that the Fed could raise rates in Q2.
Posted: May 19, 2016
UAE. Company requested to no longer participate in A.M. Best's interactive rating process.
Posted: May 19, 2016
UAE. Follows recent launches in Singapore and Japan due to rising worldwide demand for Fenergo's compliance, data and client lifecycle management solutions
Posted: May 18, 2016
INTERNATIONAL. Announces a significant donation to the Bloomsbury Research Institute; will help accelerate the development of new treatments, vaccines and diagnostics for major global killers.
Posted: May 18, 2016
UAE. In 2015, 38% more security incidents were detected in the Middle East than in 2014; Theft of "hard" intellectual property increased to 56% in; Incidents attributed to business partners climbed to 22%, from 18% in 2014.
Posted: May 17, 2016
UAE. Shopping Centre also utilises mobile solutions for contact and prospect management.
Posted: May 17, 2016
LEBANON. Byblos Bank/AUB Consumer Confidence Index improved by 5.7% in January, but declined by 1.3% in February and regressed by 10% in March 2016, which constituted the steepest monthly drop since September 2015.
Posted: May 17, 2016
UAE. Former Sabre Travel executive's hiring expands CellPoint Mobile's footprint in the Middle East to serve a booming airline market.
Posted: May 16, 2016
UAE. The Mowgli Foundation has published a report that highlights the need for entrepreneurship ecosystems and funders alike to focus on and invest more in the development of human capital.
Posted: May 13, 2016
INTERNATIONAL. Anxiety from Europe created a bearish domino that wasted no time in infecting Wall Street which was already engaged in a losing battle with faltering US rate hike expectations.
Posted: May 13, 2016
INTERNATIONAL. New approach delivers an interactive, real-world experience to help jump-start transformation strategies.
Posted: May 12, 2016
INTERNATIONAL. Most finance leaders are more concerned about the impact of change from outside their organization than from within; Over half say their existing finance system is unlikely to cope effectively with near future demands.
Posted: May 12, 2016
UAE. Pre-tax profits of £120m, down from £190m in 2013/14; Combined revenues increased by 3% to £3.4bn, a new record.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 20, 2016
UAE. Approximately one in five respondents in the Middle East explicitly stated that they are willing to act unethically and offer entertainment to win or retain business; 23% of respondents agree that it is common practice to use bribery to win contracts.
date:Posted: May 20, 2016
INTERNATIONAL. Global stocks overlooked the resurgence in oil prices with most major stocks tumbling to fresh six week lows during trading on Thursday, on the possibility that the Fed could raise rates in Q2.
date:Posted: May 18, 2016
UAE. In 2015, 38% more security incidents were detected in the Middle East than in 2014; Theft of "hard" intellectual property increased to 56% in; Incidents attributed to business partners climbed to 22%, from 18% in 2014.
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."
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