Press Releases

FEATURED REPORT...
Posted: 03-12-2008
UAE. Liverpool Football Club Captain Steven Gerrard joined forces with ‘Team Azizi’ last night at a VIP launch event for the Dubai-based developer Azizi Investments at London’s Dorchester Hotel. Gerrard gave his seal of approval to his signature tower - the Azizi Crystal at The Palm Jebel Ali - at the launch, which was attended by a host of VIP investors as well as guest speakers from CNN and Bloomberg. Within minutes of launch, the developer said it had achieved sales of more than AED150 million, dramatically bucking overall market trends and indicating continued interest in the
Posted: July 27, 2014
BAHRAIN. Securities & Investment Company (SICO) operating income grew by 87% to BD8.2 million; "All core business areas generated strong revenues, with fee-based income revenue reaching BD 3.9 million."
Posted: July 25, 2014
UAE. Strong revenue growth recorded across Aramex's geographies; E-commerce remains significant driver of growth; Momentum strong through Q2 as economic conditions improve.
Posted: July 25, 2014
UAE. The growth comes following a significant year for Eversheds across the region.
Posted: July 24, 2014
UAE. Like Swiss Emmental Cheese, the ways your online banking accounts are protected might be full of holes, according to a new Trend Micro whitepaper.
Posted: July 24, 2014
UAE. "We believe these results represent a strong client endorsement of Deloitte's security consulting services."
Posted: July 24, 2014
UAE. The growth is partly attributable to net inflows of CHF 2.4 billion; The Group's net consolidated earnings have risen, by 6.2%, to CHF 82 million (US$92.5 million); With its Tier 1 ratio of 28%, UBP is one of the best-capitalised Swiss banks.
Posted: July 24, 2014
INTERNATIONAL. The state-of-the-art system employs GfK's universal metering system, TV Loggers, which gave outstanding performance in the field test and is being successfully used in Lebanon.
Posted: July 24, 2014
UAE. Overall group revenue up 14% year-on-year to AED 12.8 billion for H1 2014; Successful opening of the Mall of the Emirates Fashion District; Issued its first 10 year US$$500 million bond.
Posted: July 23, 2014
UAE. Net profit increased to AED 1.16 billion; Operating income up by 26% YoY to AED 2.9 billion; Liquid assets stand at 29%; Capital adequacy steady at 16.1%.
Posted: July 23, 2014
UAE. Net Profit for H1 2014 Notches up AED114.6 million, an increase of 145% from AED46.6 million for H1 2013; Launched bespoke hotel apartment project "The Atria" in Business Bay in Q2 FY14.
Posted: July 23, 2014
UAE. The UAE Central Bank has announced recently a new lending facility to assist banks which face short term liquidity shortfalls in the future.
Posted: July 23, 2014
UAE. Griffiths joins the company from Thailand-based Oriental Copper, one of the top 5 global suppliers of fabricated copper based products and solutions for the electrical energy and electronics industry.
Posted: July 22, 2014
UAE. If Saudi Arabia was to join the MSCI Frontier Markets, it would become its first component with a weighting above 60%.
Posted: July 22, 2014
UAE. Global banking sector increases IT spend to meet customer and regulatory demands, with 65% saying mobile is most important tech trend, according to SAP study.
Posted: July 22, 2014
UAE. Awards aim to promote ethics and innovation in financial services.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 27, 2014
QATAR. In the long run, the dynamism and innovation of the private sector is expected to drive growth and development with the government focusing on creating the right physical and legal environment to encourage that process.
date:Posted: July 25, 2014
UAE. Royal Decree amending some of the provisions of the Oman Agencies Law comes into force; Marks a significant departure from the regime under the old law.
date:Posted: July 24, 2014
UAE. There is evidence of a more litigious approach developing in the area of medical malpractice. Damages awards which have historically been low, are now on an upwards trend.
QATAR. In the long run, the dynamism and innovation of the private sector is expected to drive growth and development with the government focusing on creating the right physical and legal environment to encourage that process.
INTERNATIONAL. The future will be decided in a race between global advances in demand for resources, complex technology and biotech innovation, and growing sovereign debt.
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