UAE. A total of 38 corporate senior managers from Dubai World business units returned from a six-day Global Learning Journey to Singapore, Hong Kong and China under the Dubai Leaders’ Programme, a high-end leadership development initiative launched by the Dubai-based holding company in cooperation with the Wharton School of the University of Pennsylvania.
The group spent three days in Singapore and three days in Hong Kong and China, during which they visited major corporate houses and ports in the region and interacted with senior business leaders and technical experts. As part o
INTERNATIONAL. Port owners and shipping companies are flexing their muscles when it comes to supply chain negotiations, according to an independent market report by Trelleborg Marine Systems.
KUWAIT. Net profit in the three months to June 30, came in at KWD18.09 million (US$62.90 million), down from KWD38.04 million in the same period a year earlier.
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.
INTERNATIONAL. Masood Ahmed, Director of the IMF's Middle East and Central Asia Department, described the flooding as a "human catastrophe that is still evolving." Reconstruction costs expected to run into billions of dollars.
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