finance

  • BlackBerry Reports Record GAAP Gross Margin of 67%, Driven by Growth in Software and Services Revenue

    BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global software leader in securing, connecting and mobilizing enterprises, today reported financial results for the three months ended November 30, 2016 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

  • Booz Allen Hamilton forecasts energy trends in 2017

    Change continues to be the defining feature of the global energy sector in 2017.  In the oil and gas industry, as well as in electric power, major internal and external forces are driving change, requiring industry leaders to revisit strategies. 

  • Brazil’s coffee exports to Arab world records9 per cent YoY growth

    Brazil exported1.09 million coffee bags to the Arab world from January to October 2017generating USD 179.5 million in revenues, according to the Brazilian Coffee Exporters Council(Cecafé). 1.09 million 60 kg-bags of the product were shipped to the region’s countries. Coffee exports to the Arab countries increased 9 per cent in volume during this period, compared to the same period last year.In total, Brazil exported 24.7 million coffee bags in thefirst ten months of 2017, generating USD 4.2 billion.

  • Brazilian coffee exports to MENA region witnesses 30 per cent increase during first seven months of the year

    A rise in coffee exports from Brazil to the Arab region led to sales of USD 122 million, as shipping volume increased during the first half of 2017. According to the Brazilian Coffee Exporter Council (Cecafé), revenue gained from coffee exports from Brazil to the Arab region witnessed a 29.7 per cent increase at USD 112 million during the first seven months of the year, in comparison to 2016. A total of 653,200 bags of coffee were exported to Arab counties between January and July 2017, while 645,100 were exported during the same period last year, indicating a 1.2 per cent increase in export volume to Arab countries.

  • Brazilian exports of machinery & construction products to Arab World records significant increase

    Arab-Brazilian Chamber of Commerce (ABCC) has announced that Brazilian exports of machinery and construction products to Arab countries have increased significantly. According to recent statistics, Arab countries have purchased USD 226.31 million worth of machinery in 2015 compared to USD 211.43 million in 2014, registering a 7 per cent growth. The export of construction items, on the other hands, remains stable at USD 41.34 million in 2015. The growing volume of outbound trade demonstrates an increasing demand for Brazilian products in the Arab World, reflecting flourishing bilateral ties between the region and the South American country.

  • Brazilian exports to Arab countries reflect vibrant trade for H1 2016

    The Arab Brazilian Chamber of Commerce has recently noted thriving trade between Brazil and the Arab World as attested to by the impressive numbers issued by the organization covering Brazilian exports to Arab countries during the first half of 2016. These positive numbers reflect the great strides that companies across various sectors are making towards strengthening communications between the two countries.

  • Brazilian exports to Arab countries touch USD 1 billion in March 2015

    Revenues from Brazilian exports to Arab countries accelerated for the first time this year in March 2015, demonstrating thriving mutual trade relations. The latest statistics released by Brazil’s Ministry of Development, Industry and Foreign Trade and compiled by the Arab-Brazilian Chamber of Commerce show that Brazil exported USD 1.036 billion worth of products to the MENA region in March 2015, an increase of 1.03 per cent from the same period of the previous year. Consequently, the total export volume touched 3.8 million tons, growing 27.7 per cent from March 2014.

  • Brazilian exports to Arab World reach USD 5.789 billion during H1 of 2015

    Recent statistics released by Brazil’s Ministry of Development, Industry and Foreign Trade and compiled by the Arab-Brazilian Chamber of Commerce indicate thriving trade relations between Arab countries and Brazil. The South American country exported USD 5.789 billion worth of products to the region during the first half of 2015. Exports to Qatar grew significantly at 28.89 per cent from USD 152 million in the H1 of 2014 to USD 195 million over the same period in 2015.

  • Brazilian exports to Arab World show substantial gains in 2015

    The Arab-Brazilian Chamber of Commerce has announced that Brazilian exports to Arab countries registered significant growth in 2015. According to recently released data, the South American country exported products worth USD 12,122.37 billion to the region last year. The growing outbound trade volume reflects an increasing demand for high-quality Brazilian products as well as the excellent bilateral relations between Brazil and Arab nations.

  • Brazilian imports from Arab World amount to USD 2.6 billion during 1st half of 2016

    The Arab-Brazilian Chamber of Commerce (ABCC) has recently noted the impressive number of Brazil imports from the Arab World, revealing USD 2.6 billion in trade during the first half of 2016 alone. Such positive statistics reflect their strong trade relations which serves as further encouragement for more bilateral exploration of potential business ties in the near future.

  • Brazilian imports of mineral, fuel and fertilizers from GCC witness growth from Q1 to Q3 2015

    The GCC region continues to display its strong ties with Brazil as reflected in the USD 2,544.14 billion worth of imports from the Gulf recorded between Q1 and Q3 of 2015, according to the recent reviews of the Brazilian Arab-Brazilian Chamber of Commerce (ABCC). In the same period, mineral fuel and oil were noted as the top imports amounting to a total of USD 1,751.03 billion. The positive trend showcases the steady trade relations between the two regions as well as Brazil and the Gulf’s vibrant and dynamic business landscape.

  • Brexit boosting gold, oil not far behind

    The United Kingdom has voted to leave the European Union in a vote that was given this comment by the Financial Times: "Biggest jolt since the fall of the Berlin Wall. This puts 70 years of EU integration into reverse". 

  • Brexit: How expats can safeguard their investments in uncertain times

    On the eve of Britain’s upcoming EU referendum vote, financial planning firm Guardian Wealth Management has outlined how expatriates in the Middle East can safeguard their investments regardless of the outcome.

  • Burgeoning Infrastructure Investment in the Middle East to Evoke Action Against Heat Stress and Productivity losses during Summer Months

    With the Middle East and North Africa’s infrastructure spend set to top USD 280 billion by 2018, heat stress remains a major concern for the UAE and the surrounding region.

  • Business confidence upbeat despite global economic uncertainty

    A first-time survey of CEOs undertaken by the global publishing, research and consultancy firmOxford Business Group (OBG) suggests that business sentiment across the GCC remains broadly positive, despite the current challenging economic climate.

  • Business funding and regulatory easing can spark GCC SME growth explosion: BLOOVO.COM

    SMEs are a crucial component for sustainable economic growth in the GCC post the oil price decline but need to overcome key challenges to succeed. The finding comes from the latest research by BLOOVO.COM on the role SMEs play in catalysing economic success across the region.

  • Buying fatigue hits oil, gold pops back above $1,300/oz

    Commodities have outperformed other classes so far this year. Rising oil prices have steadily been feeding into an increase in headline inflation. These developments together with increased geopolitical and weather concerns have all helped support investor demand for broad-based commodities exposure.

  • Café Barbera Franchise unveils AED 2 million 8th outlet in UPTOWN Mirdiff

    Café Barbera Franchise has opened its eighth outlet in the UAE. Located in UPTOWN Mirdiff, the new branch was inaugurated by Giovanni Favilli, Italian Consul General in Dubai; fifth generation family owner Enrico Barbera, CEO and Co-Founder, Café Barbera Franchise; Sufyan Al Muhaisen, COO and Co-Founder, Café Barbera Franchise; sixth generation family owner Elio Barbera, Export Development Manager, Enrico Barbera Jr., Development Manager, Café Barbera; on September 26, 2015. The popular café brand plans to open at least six more outlets—one in London and Istanbul and two each in KSA and Dubai by the end of 2015.

  • Cairo real estate industry benefits from stabilization of Egyptian Pound

    The stabilization of the Egyptian Pound (EGP) has attracted increased interest from foreign investors and greater economic optimism in the country, according to JLL’s Q1 Cairo report released today.

  • California Department of Technology’s Office of Technology Services (OTech) Invests in Software AG “Big Iron” Solutions

    Software AG (Frankfurt TecDAX: SOW) today announced further investment by the California Department of Technology’s Office of Technology Services (OTech) in Software AG’sAdabas and Natural application modernization platform. The California Information Technology Strategic Plan 2015 Update encourages state agencies to “colloborate across agency lines, to consider mobile and cloud technologies first, and to focus on the impact to consumers in evaluating their technology investments.”