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 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%.
Posted: July 23, 2014
UAE. Net Profit for H1 2014 Notches up AED114.6 million, an increase of 145% from AED46.6 million for H1 2013; Launched bespoke hotel apartment project "The Atria" in Business Bay in Q2 FY14.
Posted: July 23, 2014
UAE. The UAE Central Bank has announced recently a new lending facility to assist banks which face short term liquidity shortfalls in the future.
Posted: July 23, 2014
UAE. Griffiths joins the company from Thailand-based Oriental Copper, one of the top 5 global suppliers of fabricated copper based products and solutions for the electrical energy and electronics industry.
Posted: July 22, 2014
UAE. If Saudi Arabia was to join the MSCI Frontier Markets, it would become its first component with a weighting above 60%.
Posted: July 22, 2014
UAE. Global banking sector increases IT spend to meet customer and regulatory demands, with 65% saying mobile is most important tech trend, according to SAP study.
Posted: July 22, 2014
UAE. Awards aim to promote ethics and innovation in financial services.
Posted: July 22, 2014
UAE. Yas Mall to house new shopping concept set to be the largest department store in the region comprising 200,000 square feet of prime retail space.
Posted: July 22, 2014
SAUDI ARABIA. Muhammad Anum Saleem, Senior Associate, D&P Dhabaan and Partners in association with Eversheds, Saudi Arabia, comments on the opening up of the market.
Posted: July 21, 2014
UAE. Arabtec fell to the lowest level in a week as some investors questioned the government's support for the UAE's biggest publicly traded builder.
Posted: July 21, 2014
UAE. Topics of major consideration for the industry include Big Data analytics, core banking optimization, mobile and social marketing, regulatory compliance and new payment solutions.
Posted: July 21, 2014
KUWAIT. First half 2014 net profit figure represents an increase of 10% over the same period last year; Deposits increased by 4% to reach US$ 38.1 billion.
Posted: July 21, 2014
KUWAIT. Kuwait Projects Co. received an offer to buy 100 percent of OSN, the pay-TV company valued at $4.3 billion by Arqaam Capital.
Posted: July 19, 2014
BAHRAIN. The Deloitte Bahrain practice began operations in 1955 and offers a large array of professional services in Audit, Consulting, Financial Advisory and Enterprise Risk services.
Posted: July 17, 2014
UAE. Led by Dr. Sanjay Sarma, the course aims to give participants the opportunity to heighten their understanding of key technology trends applicable to the business world.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 23, 2014
UAE. Emerging capital markets are expected to double their global index share by 2030, according to the Credit Suisse Research Institute's "Emerging Capital Markets: The Road to 2030" report.
date:Posted: July 23, 2014
UAE. Colliers' Capital Flows Quarterly Report highlights Middle East investors' appetite for alternative product including hotels and serviced apartments.
date:Posted: July 23, 2014
INTERNATIONAL. The opening of the Saudi stock market to international investors is "something we have been looking for from Saudi Arabia for some time, and it's welcome news.
UAE. Emerging capital markets are expected to double their global index share by 2030, according to the Credit Suisse Research Institute's "Emerging Capital Markets: The Road to 2030" report.
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.
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