finance

  • 19th Arab-German Business Forum opens in Berlin showcasing participation of over 600 decision makers and businessmen from German and Arab countries

    The 19th edition of the Arab-German Business Forum opened on Thursday, May 26, 2016, in Berlin, attended by leading decision makers, senior government officials and businessmen coming from Arab countries and the Federal Republic of Germany.

  • 1st International Innovative Platform for Islamic Economy Products kicks off on November 22

    The ‘International Innovative Platform for Islamic Economy Products 2015’ (IIPIEP 2015) is set to kick off on November 22, 2015 at the Al Safina Ballroom of the Jumeirah Beach Hotel in Dubai. Organized by the International Centre of Islamic Economy and the Dubai Airport Freezone Authority (DAFZA), the event is part of efforts to encourage innovation and creativity in the development of new products as key additions to the international Islamic economy. The two-day event will be held in conjunction with UAE Innovation Week which was launched by H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, in line with of the directives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, upon declaring 2015 as the ‘Year of Innovation’. The international platform is poised to attract more than 300 participants including top-notch financial and economic experts, decision makers and representatives from official, supervisory, regulatory, legislative and executive entities to share the latest innovative ideas related to Islamic economic sectors.

  • 2015 NISSAN SENTRA EARNS TOP SAFETY AWARD FROM INSURANCE INSTITUTE OF HIGHWAY SAFETY (IIHS)

    The Insurance Institute for Highway Safety (IIHS) awarded the 2015 Nissan Sentra a “Top Safety Pick” vehicle safety rating. The Institute’s “Top Safety Pick” award recognizes passenger vehicles that excel in protecting passengers in moderate overlap front, side, roof strength and head restraint tests and also achieve a “Good” or “Acceptable” rating in the small overlap frontal test. The 2015 Sentra scored “Good” in all five of the “Top Safety Pick” categories.

  • 2015, Yet Another Record Year for Karcher

    Karcher, the world leader in innovative cleaning technology solutions, has once again achieved growth in the financial year 2015 and set a new record with sales totalling AED 9.2 (€2.22) billion. Compared to 2014, this is an increase of AED 450 (€108) million or 5.1%. With 12.87 million machines sold, Karcher also achieved the highest sales in the company's history in the past year.

  • 2018 continues to boost hope and optimism among investors worldwide - Al Masah Capital Weekly Investment report

    2018 continues to boost hope and optimism among investors worldwide, with almost all of the main indices ending the second week of the year on a positive note.

  • 2019 Annual Training Plan of Emirates Institute for Banking and Financial Studies Underpins Focus on Digital Transformation

    Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, today unveiled its 2019 Annual Training Plan with a strong emphasis on digital transformation and smart technologies.

  • 44 additional free zones to join World Free Zones Organization

    The World Free Zones Organization (World FZO) concluded its 2nd Board of Directors meeting this year held recently in Tangier, Morocco. The session was headed by Dr. Mohammed Al Zarooni, Chairman of the World FZO, in the presence of a number of senior officials and members. Among the highlights was the announcement of the inclusion of 44 new free zones to the ranks of the World FZO amidst growing acclaim for the organization’s pivotal role in supporting the growth of free zones around the world and supplying them with the necessary facilities to actively contribute to economic and social development.

  • 500 Million Dollar Venture Mall.Global to Give Online Shopping a Facelift: True Hybrid the Future of Retail

    Online shopping will become a lot more exciting with the launch of Mall.Global. The USD 500 Million debut venture of the Dubai based tech firm revealed the project outline that is all set to give traditional e-commerce a facelift by incorporating immersive technologies and operational practices.

  • 52% of Online Transactions May Be Misattributed by Middle East Marketers Not Using Cross-Device Measurement: Criteo

    Criteo (NASDAQ: CRTO), the performance marketing technology company, has released its State of Cross-Device Commerce Report for the GCC. The analysis reveals insights into consumer shopping habits and forecasts predictions for cross-device commerce across the globe.

  • 65 per cent of GCC Expats do not have a Pension, survey finds

    GCC expats are miles behind their counterparts in North America, Europe and Asia when it comes to retirement planning, a study by global financial firm Guardian Wealth Management has found.

  • 66% of interviewed UAE residents would prefer to be entrepreneurs if given the choice

    Small and medium enterprises are the thriving force for any economy and are considered one of the main drivers for innovation and employment generation, and in the UAE, the vast majority of residents (66%) would like to be entrepreneurs. In fact, a new survey conducted by Bayt.com, the number one career site in the Middle East, and YouGov, a pioneer in online market research, entitled ‘Entrepreneurship in the MENA 2015’ has revealed that 84% of UAE respondents personally know at least one entrepreneur in their country of residence; 96% of whom are believed to have been successful in their endeavor.

  • 70% of remittances from Qatar is received by South Asian countries

    Citing data from the World Bank, Xpress Money, one of the world’s most dependable money transfer brands has pointed out that South Asian countries are the largest beneficiaries of remittances originating from Qatar.

  • A . T. Kearney: Growth in the IoT solutions market to generate potential value for the GCC economy of nearly US$ 160 billion (AED 587.68 billion)

    The Internet of Things (IoT) has the potential to unlock up to 11 percent in incremental GDP driving economic growth in the GCC region, according to A. T. Kearney’s latest report, ‘IoT in the GCC: Building a Brighter, More Sustainable Future’. By 2025, the IoT solutions market in the region will be worth US$ 11 billion, generating potential value for the economy of nearly US$ 160 billion; implying that every dollar spent on IoT solutions could produce nearly US$ 14.50 in economic value.

  • A flying economy – the economic powerhouse above the clouds

    For the people of Flyland – the 11.9 million individuals from around the world who take to the air every day – business is soaring, according to new research and analysis from HSBC.

  • A Good Start to Fiscal 2017

    Evonik increased sales considerably by 19 percent to €3.68 billion in the first three months of 2017. The main growth drivers were higher demand, which boosted sales volumes, and the first-time inclusion of the Air Products specialty additives business.

  • a range of security solutions to protect individuals and merchants from online financial fraud

    UL, a global safety science company, has advised shoppers and businesses in the UAE to be proactive to keep online payments safe and secure this festive season.

  • A Strict CFO Could Be Bad For Business, Survey Shows

    How and why Chief Financial Officers advocate technology investments to support business operations can vary according to their own personal leadership style. That’s one of the key findings stemming from new global survey research* released today by Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations.

  • A.T. Kearney Predicts Record-High M&A Activity Will Reshape the Utilities Industry

    Last year was a record year for M&A in the utilities sector globally, with total deal value reaching €329 billion, according to A.T. Kearney’s new report Mergers and Acquisitions in Utilities 2017. And, the report finds, this trend is expected to continue in 2017, as investors take on an active role to remodel the industry.

  • A.T. Kearney—Challenges Ahead for Global Chemicals M&A

    The peak in chemicals M&A may be coming to an end, according to A.T. Kearney’s new Chemicals Executive M&A Report. Despite more than 60 percent of global chemicals sector executives anticipating stronger M&A activity in 2018 than in 2017, a growing number expect a drop in activity as a result of the limited availability and high prices of targets.

  • A.T. Kearney: Political Risk and Technology are Front of Mind for Global Business Executives

    Global executives expect economic and financial volatility to be higher over the next 12 months than it was in the past year, according to the 2017 report “Views from the C-Suite” published by A.T. Kearney’s Global Business Policy Council. Volatility is perceived as yielding both positive and negative prospects. One-third of global C-suite executives surveyed identify a stronger macroeconomic environment as a top external opportunity this year.