By L.S. Herdenia BHOPAL: Brisk preparations are on for the mega investors’ summit to be held in Indore in the first week of October. Chief Minister Shivraj Singh is hopeful that the summit will open the doors for massive investments in Madhya Pradesh. Almost all the important and leading industrial houses of the country are likely to be present in the summit. According to a government spokesman, […]
BlackBerry Ltd Chief Executive Officer John Chen said he wants to return to the consumer market someday, though it’s too soon right now. The smartphone maker is focusing on business users, Chen told reporters yesterday at BlackBerry headquarters in Waterloo, Ontario. Already, the new Passport device for professionals has surpassed his expectations, selling 200,000 units since it was unveiled two days ago, according to Chen. “Over time […]
Defiant pro-democracy demonstrators remained on the streets of Hong Kong’s financial center early Monday, after a day of protest-fueled clashes that left at least 38 people injured. Despite calls from organizers for them to return home, many of the protesters continued to jam streets of the business district. The demonstrations, which authorities have intermittently attempted to disperse by force, follow a week of student-led boycotts and protests […]
Dubai construction company Arabtec is close to completing the planning and design stage of its $40 billion deal to build one million homes in Egypt, the company said on Sunday. Arabtec originally announced in March that it had agreed with the Egyptian army to build the homes at 13 locations around the country on land provided free by the armed forces. Construction was to start in the […]
BBK relaunches training plan for Bahraini graduates MANAMA, 6 hours, 22 minutes ago BBK, a leading bank in the Middle East, has announced the relaunch of its management trainee development programme, as part of its ongoing talent development and succession planning strategy. The bank has developed this programme to identify and foster future leaders in the banking Industry, reported the Gulf Daily News, our sister publication. This […]
FTTH Council to host 6th annual conference DUBAI, 3 hours, 27 minutes ago Fibre to the Home (FTTH) Council Mena, has announced the launch of its sixth annual conference in the UAE under the theme of ‘FTTH – The Rise of Smart Nation’.According to a 2013 study conducted by the council, UAE has the highest penetration rate in the world of fibre to the home connectivity for […]
By BRUCE WEBER September 27, 2014 Michael Harari, an Israeli intelligence agent who led the hit squad that was sent to avenge the murders of 11 Israeli athletes by Palestinian terrorists at the 1972 Olympic Games in Munich, died on Sept. 21 in Tel Aviv. He was 87. His death was reported by The Associated Press, citing a statement by Israel’s prime minister, Benjamin Netanyahu, who called Mr. Harari […]
Al Sudairy … GEMS is a leading player Saudi group buys waste management firm for $300m RIYADH, 1 days ago Jadwa Waste Management Opportunities Fund, a unit of leading Saudi Arabian private equity house and investment bank Jadwa Investment, has acquired Global Environmental Management Services (GEMS) together with its co-investment partners in a deal valued at around $300 million. The acquisition was funded by funds managed by […]
Genesis offers financial monitoring class DUBAI, 1 days ago Genesis Institute, a leading financial trainer, has launched courses in financial monitoring for businesses to enable them to analyse their performance, reduce losses, improve profits and detect accounting fraud. “You don’t have to be a finance expert in order to see when you’re business is in jeopardy and in fact, it is crucial to be able to tell […]
Deloitte Middle East hires 700 new staff BEIRUT, 2 days ago Deloitte Middle East, a leading provider of audit, tax, consulting, and financial advisory services, hired 700 new people this year while continuing to deliver double digit growth, said the company’s chairman and chief executive. “The firm is also investing heavily in its internal systems and in developing world-class expertise in such areas as cyber security, Private […]
[embedded content] Sustainable business and production practices are one reason people love Patagonia gear. With their new Truth To Materials program their processes & products become even cleaner, by sourcing materials like reclaimed down, wool, cotton and natural, un-dyed cashmere directly through co-ops and local suppliers. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s […]
Leading Saudi IT firm achieves 20pc growth RIYADH, 21 hours, 18 minutes ago Al Falak Electronic Equipment & Supplies Company, a leading IT and communications solution provider, said it has registered a growth average of 20 per cent for the last three years. The company has been witnessing continuous growth in its operations in both Saudi Arabia and the rest of the GCC region over the last […]
Brocade unveils Vyatta SDN controller DUBAI, 21 hours, 28 minutes ago Brocade, an American technology company specialising in data and storage networking products, recently introduced the Brocade Vyatta Controller as part of the company’s strategy that delivers an open and modular networking platform for cloud service providers. The Software-defined networking (SDN) controller from Brocade that is scheduled for general availability in November this year is a key […]
Firms with women at top ‘perform better’ LONDON, 1 days ago Companies with higher female participation at board level or in top management exhibit higher returns, higher valuations and higher payout ratios, a report said. While the representation of women in management positions and on the boards of companies is similar, it is qualitatively different in its makeup, added the CS Gender 3000: Women in Senior Management […]
Shares of Marka started trading Thursday at a premium of 77% to its 1 U.A.E. dirham ($0.27) issue price. Asa Fitch for The Wall Street Journal Shares of Marka, a brand-new retail and hospitality company in the United Arab Emirates, began trading at a huge premium to their initial public offering valuation on the Dubai Financial Market Thursday, underscoring both a revival of confidence and what could […]
Batelco launches fixed broadband for businesses Batelco starts key services in Amwaj Islands MANAMA, 1 days ago Batelco has launched its fixed broadband for businesses on Amwaj Islands in Bahrain. This follows the launch of broadband services for home users earlier this month, said a report in the Gulf Daily News (GDN), our sister publication. Batelco said it aims to satisfy high-speed broadband requirements by extending its […]
Staying in touch with technology is crucial for success The five must-have tools for everyone in real estate RIYADH, 1 days ago As new technologies continue to evolve, the necessary tools for success in the real estate industry have developed. It has become essential for real estate agents, developers, buyers, and sellers to take advantage of the features provided by the innovative apps, devices, and technology that […]
Demand for aircraft leasing is expected to stay steady. Aircraft lessors wary as new rivals crowd into aviation ISTANBUL, 1 days ago By Tim Hepher Aircraft leasing companies voiced confidence in steady jetliner demand, but warned new aviation investors that they may take a painful hit when central banks start unwinding their efforts to stimulate the economy. Deterred by poor returns elsewhere as interest rates remain at […]
Several factors could stimulate growth in the sector toas many as two billion by 2020. M2M connections to account for 10pc of mobile market ATLANTA, 1 days ago Cellular machine-to-machine (M2M) communications will account for at least 10 per cent of the global mobile market by 2020, according to a new study by GSMA Intelligence, the research arm of the GSMA. The study, entitled ‘Cellular M2M forecasts […]
Gulf Capital buys into top Egypt glass firm ABU DHABI, 21 hours, 31 minutes ago Gulf Capital, a leading alternative investment firm, has completed the acquisition of a strategic minority stake in Middle East Glass Manufacturing (MEG), Egypt’s largest container glass and PET manufacturer. MEG is a worldwide approved supplier of glass bottles for Coca-Cola, an approved supplier for Pepsi, Nestle and other major beverage producers locally […]
Vivek Uberoi, country head of Mashreq Bank Bahrain Mashreq names new country head for Bahrain MANAMA, 1 days ago UAE-based financial institution Mashreq has appointed Vivek Uberoi as the new country head of Mashreq Bank Bahrain. Uberoi has more than 20 years experience in the banking and financial sector, and has held various senior positions with international banks, said a report in the Gulf Daily News (GDN), […]
| By Peter Garnry| What is clear post the Alibaba IPO is that the market is presumably mispricing Yahoo. Basically, it does not make sense if we assume markets are rational. Yahoo closed at $40.93 last Friday but based on a sum-of-the-parts (SOTP) analysis the stock should trade closer to $45. The table below outlines the SOTP analysis behind Yahoo’s fair value. The company has $3,408 million […]
The Rawabi project displayed at Cityscape Global in Dubai. Rory Jones for The Wall Street Journal New settlements in the West Bank are often heatedly discussed in Dubai. But at the emirate’s showcase real estate event Cityscape Global, it was Palestinian, not Jewish building that was on the tips of tongues. Rawabi, a controversial housing project billed as Palestine’s first planned city, was this week being sold […]
Image: Bigstockphoto. For illustration purpose only How UAE’s private sector can improve Emiratisation DUBAI, 1 days ago There has been an increasingly competitive talent attraction landscape amongst UAE businesses for some time now, with many companies, particularly in the private sector, struggling to recruit enough Emirati nationals to fulfil goals laid out by the government. Gavin Smith, managing director of ReThink MEA, a specialist recruiter in the […]
