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UAE. Purchases 25% minority stake owned by Carrefour Group for US$684 million; Operates 50 hypermarkets and 44 supermarkets under the Carrefour brand.
INTERNATIONAL. Moustaki penned some 300 songs including the 1958 hit "Milord" sung by Edith Piaf which created a worldwide sensation.
UAE. 'We all have a role to play ', says ACCA welcoming a proposed international framework for audit quality. "All the stakeholders in the corporate reporting supply chain have to pull together."



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MIDDLE EAST BUSINESS SECTORS

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 23, 2013
UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system?
date:Posted: May 23, 2013
UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years.
date:Posted: May 22, 2013
iNTERNATIONAL. Control over Homs will enable al Assad to rapidly move forces from the north to the south to meet emerging rebel threats. It will also provide a key avenue of retreat to the Alawite coast in the event that he needs to flee Damascus.

MIDDLE EAST COUNTRIES

UAE. Experts address information security issues at Gulf Information Security Expo and Conference; Kevin Mitnick, hacker turned international cyber security guru, to deliver keynote address on the threat hackers pose to corporate security.
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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