INTERNATIONAL. Kraft's recent announcement to split its operations into two publicly traded companies outlines a plan to create two different trading entities with distinct priorities and strengths.
This is intended to help the company achieve the next stage of its ongoing restructuring process, since its acquisition of Cadbury in January 2010.
Kraft is now bundling and spinning off its US Beverages, Cheese, Convenient Meals and Grocery segments, the non-snack categories in Canada and its foodservice operations, which are worth an estimated US$16 billion in sales in total.
The larger of t
UAE. "Combining the phenomenal management team that created bubsboutique.com, with our existing team at BabySouk.com, will substantially accelerate our combined growth initiatives and extend our reach to significantly more parents throughout the MENA region much more rapidly."
UAE. The very interesting angle to the story is that these days you can no longer pin a major security event on a CISO (chief information security officer) or CIO (chief information officer) alone, but the CEO also has to take responsibility.
UAE. EMs expected to grow three times faster than mature markets during this time frame, according to McKinsey report; Dubai strong contender to lead emerging markets in apparel's industry, says Abu Ghazaleh.
BAHRAIN. Leading designer, marketer and distributor of branded and high-quality functional accessories; Globally recognized brands, stable demand and high quality products provide scaled platform for growth.
INTERNATIONAL. Janet Yellen is very different from any of her predecessors. She is likely the most dovish and politically leftist Fed Chair in the Central Bank's history; She sees the Fed's mission as a tool to promote progressive social policy.
INTERNATIONAL. Another sign of deteriorating relations between the United States and Russia; The Cold War treaty, ratified in 1988, was designed to eliminate ground-launched cruise missiles with ranges of 500 to 5,500 km.
EGYPT. EMC EMEA's leadership team shares key innovations and milestones of Egypt's Centre of Excellence; Reiterate commitment to customers and partners to help redefine the future of IT in Egypt, as "Third Platform" applications rise to prominence.
INTERNATIONAL. In a presidential statement, the 15-member body expressed strong support for a ceasefire, and urged all parties to accept and fully implement it into the Eid period marking the end of the Muslim fasting month of Ramadan and beyond.