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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: May 15, 2013
UAE. The development will offer its guests 481 large rooms and suites, and 221 signature Viceroy Residences all with breathtaking views of the Arabian Sea made possible by innovative architecture and design.
Posted: May 15, 2013
UAE. The awards evening was a inspirational gathering, stirring budding entrepreneurs to aspire to brilliance and well-established businesses to expand their horizons, collaborate with the best in the region, and win.
Posted: May 15, 2013
UAE. Launch of new integrated training website that centralizes all the courses.
Posted: May 15, 2013
UAE. IPIC's Khalifa Abdulla Al Romaithi assumes post from ENOC's Saeed Abdulla Khoory
Posted: May 15, 2013
BAHRAIN. Wael Aburida will lead the MENA private equity and real estate team covering the Middle East, North Africa and Turkey, with responsibility for deal origination, negotiations, execution, portfolio management, and exits.
Posted: May 14, 2013
KUWAIT. The shareholder in luxury carmaker Aston Martin is offering some of its assets to creditors as the Kuwaiti company restructures debt.
Posted: May 14, 2013
INTERNATIONAL. The Kuwait Investment Office, Borealis Infrastructure Management Inc. and Universities Superannuation Scheme have approached the utility regarding a possible bid.
Posted: May 14, 2013
UAE. SAP urges MENA business-leaders to wholeheartedly embrace an "unprecedented enterprise mobility boom" or risk rapid competitive stagnation.
Posted: May 14, 2013
uAE. The net loss was 5.9 million dirhams (US$1.6 million) compared with 8.5 million dirhams a year earlier.
Posted: May 14, 2013
UAE. Total volumes traded on Exchange since inception in 2005 reaches 24.5 million contracts, valued at US$1.025 trillion; April 2013 volumes total 1.3 million, up 139%; Gold and silver futures register growth of 24%.
Posted: May 13, 2013
JORDAN. Significant minority equity stak in one of the largest producers of frozen and chilled food products in Jordan; First investment in Jordan by Carlyle.
Posted: May 13, 2013
BAHRAIN. Net profit of BD 1.02 million for the first quarter of 2013, compared with BD 1.58 million for the corresponding period in 2012.
Posted: May 13, 2013
UAE. AED106 million (US$28.9 million) contract awarded to United Engineering Construction LLC (UNEC) for the construction of 90 homes.
Posted: May 13, 2013
UAE. BMA Middle East to increase education and networking opportunities for business-to-business marketing professionals.
Posted: May 13, 2013
UAE. Rules are for people who don't know what to do, says DDB's Keith Reinhard; Debate on the relationship between Creativity and Humanity takes place at a special invitation-only breakfast briefing at Dubai's Capital Club.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 18, 2013
UAE. "The general trading atmosphere is sufficiently negative for gold to enable sellers to have a firm grip on the market. However, I fail to see how the rally in the stock markets can be put into any sensible relation to the economic plight of the underlying countries."
date:Posted: May 17, 2013
EGYPT. The Egyptian government has taken tentative steps towards reducing the roughly US$20 billion subsidy system that supporters say provides vital aid to the one-in-four Egyptians in poverty, and critics say is unsustainable and enriches the corrupt.
date:Posted: May 17, 2013
UAE. Red Hat's Mark Little and Tom Llewellyn explain how Large-scale Elastic Architecture for Data-as-a-Service (LEADS) will enable enterprises to leverage all of the public data on the web against privately held data.
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.



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