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: April 23, 2015
SAUDI ARABIA. "We have moved our position significantly and, without question, this deal represents the best option for financial institutions seeking recoveries."
Posted: April 23, 2015
UAE. Service charges should be applied and recovered on a non-profit/non-loss basis.
Posted: April 23, 2015
SAUDI ARABIA. Tenth Anniversary Euromoney Saudi Arabia Conference examines opportunities arising from increased government focus on SME sector.
Posted: April 23, 2015
UAE. Three days of workshops and sessions showcased the latest Android advances, and featured expert speakers and people from across the tech and Android industry.
Posted: April 22, 2015
UAE. Promontory CEO explains what tough regulatory expectations mean for the region and the world.
Posted: April 22, 2015
INTERNATIONAL. Bank issues Convertible Tier 2 Notes in exchange for EUR 46.25 million and new equity capital in the amount of EUR 31.25 million.
Posted: April 22, 2015
INTERNATIONAL. Hurt by an accounting scandal and a price war sparked by the march of discount groups, the supermarket wrote down the value of its business by 7 billion pounds to reflect restructuring charges and lower sales.
Posted: April 21, 2015
INTERNATIONAL. General Electric is in early-stage talks with Wells Fargo & Co about selling its entire US$74 billion U.S. commercial lending and leasing portfolio to the bank.
Posted: April 21, 2015
SAUDI ARABIA. The order from the country's Capital Market Authority was made late last year and affects HSBC Saudi Arabia's US$7 billion asset management arm, according to people with knowledge of the matter.
Posted: April 21, 2015
UAE. Company warned of the damaging effects from the flow in Chinese and Turkish steel to the UAE markets.
Posted: April 20, 2015
UAE. Strong start to the year as Etisalat releases consolidated financial statements for the three months ending 31st March 2015.
Posted: April 20, 2015
UAE. An overriding 64% of employees in the UAE rate flexible working hours, provided by employers based on personal circumstances, as good or very good.
Posted: April 19, 2015
UAE. 3rd Edition of ArabNet returns to the UAE from May 27-28; Research by McKinsey &Co goes as far as saying that those who become digital leaders can expect 50% profit boosts in their next five years.
Posted: April 19, 2015
BAHRAIN. The specialist savings, investments and pension provider creates 30 new roles in support of its growing sales and marketing initiatives.
Posted: April 18, 2015
UAE. Traditional approaches to information security are no longer adequate to protect information networks from modern threats.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 26, 2015
UAE. Financial services industry losing out as customer reward programme satisfaction ranks low, according to Collinson Latitude; Consumer expectations have changed: they expect to be rewarded for their custom 24 hours a day, 7 days a week, on the device of their choice.
date:Posted: April 25, 2015
JORDAN. Lower oil prices will support growth prospects, ease pressure on public finances, and help contain current account deficits. Bilateral loans and grants will support financing needs.
date:Posted: April 25, 2015
UAE. "Arab cinema industry must get more commercial and international," says Mohamed Hefzy, the award winning Egyptian producer and director; More investment is needed in Arab entertainment sector to enable the players to raise the bar, according to Fortress Capital Investments.
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