Company News

FEATURED REPORT...
Posted: 08-08-2011
UAE. Emirates, Dubai's flagship carrier, said the European Union's planned carbon emission scheme may cost it as much as US$1 billion over 10 years, as it joined others airlines in objecting to the tax. From January, airlines flying to or from Europe will have to buy permits from the EU's emissions trading scheme (ETS) for 15% of the carbon emissions produced during the entire flight. "It (the scheme) will have a very significant impact on Emirates," Andrew Parker, Emirates' senior vice president for industry and environmental affairs, said at a conference in Dubai. "It's safe to assume som
Posted: July 29, 2014
EGYPT. EMC EMEA's leadership team shares key innovations and milestones of Egypt's Centre of Excellence; Reiterate commitment to customers and partners to help redefine the future of IT in Egypt, as "Third Platform" applications rise to prominence.
Posted: July 28, 2014
SAUDI ARABIA. The outlook on ANB mirrors the positive outlook on the bank's country of domicile, Saudi Arabia, and S&P's view that the bank's capitalization will continue to improve.
Posted: July 28, 2014
UAE. For every dirham spent, four dirhams could be gained on reduced absenteeism and increased productivity.
Posted: July 28, 2014
INTERNATIONAL. The new requirements, which form part of the now-complete new standard on financial instrument accounting, IFRS 9, will provide more timely information about expected credit losses.
Posted: July 27, 2014
BAHRAIN. Securities & Investment Company (SICO) operating income grew by 87% to BD8.2 million; "All core business areas generated strong revenues, with fee-based income revenue reaching BD 3.9 million."
Posted: July 25, 2014
UAE. Strong revenue growth recorded across Aramex's geographies; E-commerce remains significant driver of growth; Momentum strong through Q2 as economic conditions improve.
Posted: July 25, 2014
UAE. The growth comes following a significant year for Eversheds across the region.
Posted: July 24, 2014
UAE. In March, TAQA said a consortium led by it had agreed to buy the two power plants from Jaiprakash Power Ventures; TAQA senior official states "a change in strategy."
Posted: July 24, 2014
UAE. Like Swiss Emmental Cheese, the ways your online banking accounts are protected might be full of holes, according to a new Trend Micro whitepaper.
Posted: July 24, 2014
UAE. "We believe these results represent a strong client endorsement of Deloitte's security consulting services."
Posted: July 24, 2014
UAE. The growth is partly attributable to net inflows of CHF 2.4 billion; The Group's net consolidated earnings have risen, by 6.2%, to CHF 82 million (US$92.5 million); With its Tier 1 ratio of 28%, UBP is one of the best-capitalised Swiss banks.
Posted: July 24, 2014
UAE. "I have focused management efforts on balance sheet optimization, diversification of income, addressing the legacy NPL position, improved capital efficiency and stronger liquidity."
Posted: July 24, 2014
INTERNATIONAL. The state-of-the-art system employs GfK's universal metering system, TV Loggers, which gave outstanding performance in the field test and is being successfully used in Lebanon.
Posted: July 24, 2014
UAE. Overall group revenue up 14% year-on-year to AED 12.8 billion for H1 2014; Successful opening of the Mall of the Emirates Fashion District; Issued its first 10 year US$$500 million bond.
Posted: July 23, 2014
UAE. Net profit increased to AED 1.16 billion; Operating income up by 26% YoY to AED 2.9 billion; Liquid assets stand at 29%; Capital adequacy steady at 16.1%.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 29, 2014
KUWAIT. US$35.1 billioln of new sukuks issued during 2Q14; GCC primary market account for 26.7% market share or US$17.7 billion of the total global new sukuk issuances in 1H14.
date:Posted: July 28, 2014
INTERNATIONAL. Janet Yellen is very different from any of her predecessors. She is likely the most dovish and politically leftist Fed Chair in the Central Bank's history; She sees the Fed's mission as a tool to promote progressive social policy.
date:Posted: July 28, 2014
QATAR. The potential in Indonesia is enormous and more rapid growth could generate opportunities for a number of foreign companies, says QNB Group report.
INTERNATIONAL. Another sign of deteriorating relations between the United States and Russia; The Cold War treaty, ratified in 1988, was designed to eliminate ground-launched cruise missiles with ranges of 500 to 5,500 km.
INTERNATIONAL. The future will be decided in a race between global advances in demand for resources, complex technology and biotech innovation, and growing sovereign debt.
dhgate