Business News

FEATURED REPORT...
Posted: 02-08-2011
UAE. Classic brands are playing by different rules today to grow in the new markets of the East. But is the “New Look” worth it? The continued growth of emerging markets like the Middle East and China are “transforming the luxury industry”, said Claudio D’Arpizio, a Bain & Company partner and lead author of its ‘Spring 2011 Update: Luxury Goods Worldwide Market Study’ upon the report’s release in May. “Luxury has made a brilliant return to the retail stage, but the script has been re-written” to suit both the escalating demand and the new consumer. The Chalhoub Group,
Posted: May 20, 2015
INTERNATIONAL. State-owned oil marketer Somo plans to load more than 1.2mn b/d of Basrah Heavy in June, boosting total Iraqi sales from its southern export terminals.
Posted: May 20, 2015
UAE. Abraaj will be the cornerstone investor in the new Fund; The Fund will invest in SMEs across the Middle East, North Africa and South Asia (MENASA) region.
Posted: May 20, 2015
SAUDI ARABIA. The seminar attracts 300 senior governance, risk and compliance professionals from the Kingdom of Saudi Arabia and beyond.
Posted: May 20, 2015
UAE. The first quarter of the year saw overall home values edge downward by a further -0.8%, leaving average prices -0.5% down on this time last year and 19.4% below the Q3 2008 historic peak.
Posted: May 20, 2015
KUWAIT. UBG taps Bluemix and IBM cloud data centers to increase productivity for developers and to offer managed services to customers.
Posted: May 20, 2015
UAE. Services include commissioning management, commissioning authority, LEED & estidama commissioning, re commissioning and specialist resting.
Posted: May 20, 2015
INTERNATIONAL. The combination of the Dimension Data MCP and Deloitte's business transformation solutions enables clients to align IT to business outcomes.
Posted: May 19, 2015
UAE. Beam Pro is the next generation device which goes beyond traditional video conferencing products, with robotic features that has the freedom of full mobility without the limitations of wiring.
Posted: May 19, 2015
UAE. SAS to provide its analytics platform to help EBTIC create value out of UAE's data assets.
Posted: May 19, 2015
UAE. The financial markets have encountered a volatile day due to a variety of economic data, ECB messages and the Greece headlines inspiring volatility.
Posted: May 19, 2015
UAE. Luminous Carpets: a practical application for high traffic sites such as airports, and a possible effective emergency safety mechanism in hotel corridors.
Posted: May 19, 2015
SAUDI ARABIA. After extensive negotiations between AHAB and the Steering Committee, the Company will present an enhanced settlement proposal at a Claimants' meeting to be held in Dubai on June 2nd.
Posted: May 19, 2015
INTERNATIONAL. Expectation of Fed rate rise moves towards 4Q15; Long U.S. dollar remains investment markets' most crowded trade, in fund managers' view. However, the survey's 41% reading on this measure has fallen sharply from last month.
Posted: May 19, 2015
UAE. Amlak's "Istithmari" offers comprehensive one-stop-shop solution for property investors.
Posted: May 19, 2015
UAE. The agenda will involve an engaging series of keynote speeches, case studies and panel discussions, encompassing the implications of smart data and analytics across industries such as telecom, e-commerce, retail and services.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 22, 2015
INTERNATIONAL. The minutes basically unofficially confirmed that there are only the slimmest of chances for a US interest rate increase next month.
date:Posted: May 21, 2015
UAE. New study conducted by YouGov and commissioned by the social enterprise C3 reveals the impact of CSR programs on UAE residents; Around three-quarters of residents are more likely to purchase from companies that actively contribute to the community.
date:Posted: May 20, 2015
UAE. According to a new report by The Boston Consulting Group, 33% of consumers would rather accept a 20% reduction in salary than give up their mobile phone; SME mobile leaders in emerging markets are leapfrogging older generations of technology still widely used in developed markets.
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