Corporate World

Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, today announced that Gemini Technical Industries (GTI) and Sahara Trading Company have both selected the next-generation enterprise resource planning (ERP) solution, Epicor ERP, to improve key business processes within their respective organisations.

Private equity (PE) in 2015 turned in a solid year against a backdrop of slowing global economy, increasing volatility in public equity markets and feverish competition that drove investment multiples to new highs.  New PE deal-making ground on steadily in 2015, as it has every year since 2010 – the start of this remarkably durable PE cycle.  Deal value for announced global buyouts totaled $282 billion, a shade more than in 2014, and deal count dropped 14 percent – a tad lower than last year.  Yet, PE firms face intense pressure from continued competition and ferocious deal-making, requiring a mandate to differentiate.  This is according to the seventh annual bellwether Global Private Equity Report released today from Bain & Company, the world’s leading advisor to PE investors.

Menacorp, the UAE’s leading financial services firm, has touched another milestone after securing the top ranking position on the Dubai Financial Market (DFM) in terms of trade value and market share for the first quarter of 2016.  Menacorp has maintained this leading position since 2013, consistently outranking and outperforming its 49 competitors over the past three years.    

Hyundai’s sixth generation Elantra has been named as the best new Small Sedan at the prestigious Middle East Car of the Year (MECOTY) awards for 2016. Selected by jury of 12 leading motoring writers from across the GCC and Levant, the MECOTY awards are the most comprehensive, independent awards for carmakers in the Middle East.

Ideal Standard, the leading provider of innovative and design-driven bathroom solutions, has announced that its Tonic II total bathroom solution has achieved tremendous success across the Middle East since its launch in 2015, with its clean, aesthetic smart storage solutions coupled with a wide choice of products and layouts.