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Emirates NBD generates financial report 30pc faster with MDS DUBAI, 4 days ago Emirates NBD has generated its year-end financial statements 30 per cent faster than the previous year, working with the MDS ap, an exclusive partner on the SAP Business Analytics Portfolio of products. The application allowed it to manage critical disclosures and heighten trust and transparency for investors, said a statement. Surya Subramaniam, group chief […]

Crayon, LiveRoute partner to offer Microsoft cloud DUBAI, 3 days ago Crayon Middle East, part of Crayon Group, the global leaders in Software Asset Management (SAM), has announced LiveRoute, a Mideast-based cloud solutions provider as its Microsoft Office 365 deployment partner in the region. The collaboration with LiveRoute will secure clients an all-inclusive solution for Microsoft Cloud services starting from acquiring the right licenses to full deployment […]

Cisco appoints new MD for Mideast operations MANAMA, 3 days ago Cisco has appointed Ziad Salameh as managing director to lead its Gulf (Oman, Kuwait and Bahrain), Levant, Pakistan and Iraq region and Middle East services. Salameh’s focus will be on driving growth for Cisco as it supports Middle East countries in building a robust national broadband infrastructure, said a report in the Gulf Daily News (GDN), […]

Political unrest dents business confidence in region DUBAI, 3 days ago Political turmoil and instability in the region have led to a drop in business confidence in the UAE and Middle East in the first quarter (Q1) of 2015, according to a new survey of finance professionals. The Global Economic Conditions Survey for the first quarter of 2015, carried out by ACCA (the Association of Chartered Certified […]

BAHRAIN. Fitch Ratings has downgraded Bahrain’s Long-term foreign currency Issuer Default Rating(IDR) to ‘BBB-‘ from ‘BBB’ and Long-term local currency IDR to ‘BBB’ from ‘BBB+’. The Outlooks are Stable. The issue ratings on Bahrain’s senior unsecured foreign and local currency bonds have also been downgraded to ‘BBB-‘ from ‘BBB’ and ‘BBB’ from ‘BBB+’, respectively. The agency has simultaneously affirmed Bahrain’s Country Ceiling at ‘BBB+’ and Short-term foreign […]

UAE. Consumers are keener than ever to shop around for a good deal when it comes to their finances, you just need to look at the rise of personal finance sites like Money Saving Expert to see that. Armed with smartphones and 4G, they compare everything from the cheapest travel insurance to the best credit card rate, and are not afraid to do their research in order […]

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A sign in Bethlehem, in the West Bank, calls for a boycott of products from Israeli settlements in the occupied territories. By RICK GLADSTONE June 5, 2015 South Carolina has become the first state to enact legislation aimed at thwarting an international pro-Palestinian economic and disinvestment campaign intended to penalize Israel. Illinois will soon become the second, and advocates say plans are underway for similar laws in 18 more […]

|By Rashidul Bari|One may expect the title “Grameen and Muhammad Yunus” to reflect Yunus’ founding of the Grameen Bank (which won the Nobel Prize in 2006) in 1983 to provide miniature loans to the poor—especially women who were trapped in an endless cycle of poverty. Why then does the title involve John Nash, a math genius who won the Nobel Prize in 1994, instead of Yunus? Does […]

By DIAA HADID June 5, 2015 RAMALLAH, West Bank — France is “firmly opposed” to a boycott of Israel, the French foreign minister said Friday, after the partly state-owned French telecommunications company Orange said it would seek to withdraw its brand from the Israeli market. The company’s decision was seen in Israel as the latest in a rapid succession of blows meant to isolate and punish the country over […]

Continuing its efforts to increase its appeal to enterprise users, Dropbox announced this week that it is expanding its business-level service with new features in administration, security, and integration. Dropbox has made several moves in recent months to boost Dropbox for Business, including certification with ISO 27018, a new standard for data security and privacy that mandates strict requirements for data handling and employee access control. In […]

June 4, 2015 Open Source By ROBERT MACKEY While many Israelis were enraged by comments from the chief executive of the French telecommunications company Orange, who told journalists in Egypt that he would like to cut ties to an Israeli cellphone service provider that operates in the occupied West Bank, pro-Palestinian activists working to isolate Israel argued that the statement was insufficient. The Orange chief executive, Stéphane […]

UAE. The Global Economic Conditions Survey for the first quarter of 2015, carried out by ACCA (the Association of Chartered Certified Accountants) and IMA (the Institute of Management Accountants) also shows that while lower oil prices have helped oil-importing nations such as the USA and Europe, they have undermined performance in many net oil-exporting regions such as Asia Pacific and the Middle East.  Confidence has dipped in […]

QATAR. Risk, governance, globalization and technology are among the many risks currently facing companies. Internal Audit plays a critical role in addressing these issues while contending with the challenge of complying with the updated Committee of Sponsoring Organizations’ (COSO)  Internal Control-Integrated Framework, which is a widely used framework around the world, in which internal control is broadly defined as a process, effected by an entity’s board of […]

UAE. Merger and acquisition (M&A) activity and stakebuilding is gaining momentum in the Middle East as financially strong and profitable insurers seek to deploy surplus capital to broaden their profiles and satisfy shareholders’ expectations. The market is ripe for consolidation as medium-size players seek to maintain their market positions, while many smaller insurers in particular struggle with profitability, owing to their high expense bases. In a new […]

By ISABEL KERSHNER June 4, 2015 JERUSALEM — A growing global pro-Palestinian movement to boycott Israel instantly created a national furor on Thursday after the top executive of Orange, a leading French telecommunications company, said he would withdraw from the Israeli market if he could. The Facebook page of an Israeli company, Partner Communications, which has a license to use the Orange brand, was filled with customer complaints demanding […]

By MERNA THOMAS and ALISON SMALE June 3, 2015 CAIRO — In an unusual daytime attack near Egypt’s most visible tourist attraction, gunmen shot and killed two police officers on Wednesday, a few hundred yards from the pyramids of Giza, security officials said. Tourism is a vital source of foreign currency for the government, and a pillar of President Abdel Fattah el-Sisi’s plan to revive Egypt’s battered economy. The years of […]

The logo of Alibaba Group is seen inside the company’s headquarters in Hangzhou, Zhejiang province early November 11, 2014. Reuters/Aly Song/Files BEIJING/SHANGHAI Chinese e-commerce company Alibaba Group Holding Ltd will invest in financial media outlet China Business Network in a deal set to be announced on Thursday, Chinese media reported on Wednesday. The investment in China Business Network, part of Shanghai Media Group (SMG), will be worth […]

UAE. According to a new report by The Boston Consulting Group (BCG), the UAE outperforms the GCC and the rest of the world in most dimensions – including income, employment, health, education, infrastructure, income equality, civil society, governance, and environment – when it comes to its current-level Sustainable Economic Development Assessment (SEDA) scores. Across these dimensions, the UAE topped the average scores of both the GCC and […]

UAE. In a report released today by A.T. Kearney the UAE is ranked as the seventh most-attractive country in the Global Retail Development Index (GRDI), marking the eighth year in a row that the country has been globally ranked in the top 10. The UAE’s retail market continues to grow steadily with retail space growing by 7 percent in 2014 to reach 1.6 million square meters and […]

UAE. On managing the work/life complexity Richard Jolly, Adjunct Professor of Organisational Behaviour, London Business School comments: “The demands from work and personal life have never been greater in the GCC. I see two reasons senior managers should take a closer look at the way the complexities of work and personal life are handled in their companies. “It’s what we call the ‘Double Crunch’ a stage where […]

ABU DHABI // The director of A Place Called Home believes his film is an insight into “the full spectrum of expatriate life in the UAE”. The documentary, produced by Abu Dhabi Media, which also publishes this newspaper, is available to watch in full on The National’s website from today. Director John Sammon said the film “shines a light on some of the harsh realities of people’s […]

|By TAP Staff| Etihad has formally submitted a document to the United States government rebutting allegations by U.S. carriers that it receives unfair subsidies. The airline announced the filing Tuesday. It is the airline’s most comprehensive response yet to American carriers’ effort to pressure Washington to renegotiate agreements that allow airlines from Qatar and the UAE to fly to the U.S. U.S. airlines have criticized Etihad and […]

Shares in Dubai Islamic mortgage provider Amlak Finance fell sharply as they resumed trading on Tuesday after being suspended for nearly six years. The stock tumbled as much as 23.5 percent shortly after opening but then pared losses to 14.7 percent. It topped trading volumes on the emirate’s bourse, whose main index slipped 0.2 percent. Trading in Amlak, part-owned by Dubai’s biggest developer Emaar Properties, was halted […]

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