Finance

Orascom Construction shares begin trading on Nasdaq Dubai

Trading began in the shares of Orascom Construction on Nasdaq Dubai following its listing today on the region’s international exchange. Osama Bishai, Chief Executive of Orascom Construction, rang the market-opening bell to celebrate the event. The ceremony took place in the presence of His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC), as well as senior...

SanDisk Sets April 15 to Discuss First Quarter 2015 Financial Results

MILPITAS, Calif., Mar. 9, 2015 – SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, will host a conference call Wednesday, April 15, 2015 at 2 p.m., Pacific, to discuss its first quarter 2015 financial results. To listen to the conference call, please dial 719-325-4858 at least 10 minutes before the call commences. The dial-in password is 3263627. After the market...

Over Half of the Email is Read in Mobile Devices in the Middle East

Liana Technologies, the leading online marketing software company in the Middle East has conducted a research on mobile email usage in the area. The research was made across Liana Technologies’ clients in the region.  The results show that 61 % of email newsletter recipients read their emails in their smartphones. This number is higher compared to global average of 48 % and also correlates to the...

GE to Announce Fourth-Quarter Results on January 23, 2015

FAIRFIELD, Conn. – January 20, 2015 – GE [NYSE: GE] today announced that it will post its fourth-quarter financial results on its investor relations website at www.ge.com/investor on Friday, January 23, 2015 at approximately 6:30 a.m. Eastern Standard Time.  At that time, the company will also issue a press release. The press release will contain a link to the financial results, but will not...

SANDISK PROVIDES BUSINESS UPDATE AND SETS JANUARY 21 TO DISCUSS FOURTH QUARTER FINANCIAL RESULTS

MILPITAS, Calif., January 12, 2015 – SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, today provided preliminary revenue results for its fourth fiscal quarter ended December 28, 2014. The company estimates total revenue to be approximately $1.73 billion, lower than the previously forecasted revenue range of $1.80 billion to $1.85 billion. The lower revenue was...

Alliance with Earthport to extend our International Automated Clearing House capabilities

Standard Chartered has signed a multi-year agreement with Earthport plc. Standard Chartered offers market leading International Automated Clearing House (IACH) coverage in its network of fast growing markets in Asia, Africa and Middle East. Integration with Earthport will bring the Bank’s International ACH payments reach to 50 markets across its footprint. Global economic activity continues to...

Liana Technologies named National Champion in the European Business Awards 2014/15

Liana Technologies succeeds for the second time in Prestigious Awards competition. Liana Technologies has been named as a National Champion in The European Business Awards sponsored by RSM International; a prestigious competition supported by businesses leaders, academics, media and political representatives from across Europe. The European Business Awards now in its 8th year engaged with over...

Over half of financial professionals in the Middle East are job hunting

Global Career Satisfaction & Retention Survey by eFinancialCareers reveals nearly three quarters (72%) of finance professionals in the Middle East suffer some level of burnout, with nearly 2 in10 (19%) complaining of total burnout. Unsurprisingly, the Middle East financial markets have the highest proportion of professionals actively seeking alternative employment, 53% against 36% globally*. ...

Al Jaber Group signs debt restructuring agreements

Al Jaber Group and the lending banks have completed the signing of all the documents of the debt restructuring, thereby, concluding the negotiations for the deal. Al Jaber Group Chairman, H.E. Obaid Khaleefa Al Jaber Al Marri said, “I am pleased to announce that Al Jaber Group signed the debt restructuring agreement with its creditors. This is a great milestone for both the Group and the banks,...

Arbor Networks Showcases Traffic-Centric Approach to Network Security at GISEC 2014

  Arbor Networks, Inc., a leading provider of DDoS and advanced threat protection solutions for enterprise and service provider networks,is participating at Gulf Information Security Expo & Conference (GISEC) 2014, the regions premier security event, taking place at Dubai World Trade Centre from 9-11 June. The security vendor is using the event to educate regional enterprises on how they can...

Arabian Automobiles sees 42% growth in first quarter of 2014

Arabian Automobiles, flagship company of AW Rostamani Group and the exclusive dealer for Nissan in Dubai and Northern Emirates, has seen an unprecedented start to 2014 already, having recorded a 42% increase in sales of Nissan vehicles in the first three months of the year outperforming the UAE auto sales which saw a growth of 14% in the same period.  With a strong double digit growth, the UAE...

Residential sector leads continued growth of Riyadh and Jeddah markets

JLL, the world’s leading real estate investment and advisory firm, today has released its first quarter (Q1 2014) Riyadh and Jeddah Real Estate Overview reports that assess the latest trends in the office, residential, retail and hotel sectors of the market in Saudi Arabia’s two largest cities. Commenting on the reports, Mr Jamil Ghaznawi, National Director and Country Head of KSA Offices of...

EIAST signs MoU with Dubai Municipality to facilitate knowledge sharing & manpower investment

 In line with the common aspirations to position Dubai as a premier Smart City, the Emirates Institution for Advanced Science and Technology (EIAST) has signed a memorandum of understanding (MoU) with Dubai Municipality to facilitate knowledge transfer, sharing of data and practical experiences, and developing human resources in the areas of space science, remote sensing applications, space...

OCS Group expands Middle Eastern operation with launch of UAE business

Description: In partnership with United Technical Services, OCS Emirates will handle total facilities management from headquarters in Abu Dhabi with a supporting office in Dubai Comments: OCS Group, which is the world’s largest family-owned facilities management company, has signed a joint venture with United Technical Services to enter the UAE market and introduce customer-focussed strategic FM...

Aldar sales record fails to lift Abu Dhabi bourse

The Abu Dhabi stock market index ADXGI fell by 0.70 per cent to 4,986.09 points on Sunday, May 18. Aldar Properties, which entered the MSCI emerging market index last week, plummeted 3.22 per cent to AED3.91. Earlier in the day, Aldar revealed that it has sold all units of its new Al Hadeel residential community in Abu Dhabi, on the first day of the off-plan sales launch.  “The sell-out of...

Emirates interested in buying top airline caterer from Lufthansa

UAE. Emirates, the No. 1 airline on international routes, is interested in buying the world’s leading inflight catering business from Deutsche Lufthansa AG (LHA), the head of the Dubai-based company’s Dnata services arm said. Lufthansa’s LSG Sky Chefs would be a good fit as Emirates Group seeks deals in ground handling, catering and other travel services, Dnata President Gary Chapman said in an...

Standard Chartered sees US$5.5 billion ship loan growth on oil spend

Standard Chartered Plc (STAN), the British bank that earns most of its profit from Asia, expects to increase its $5.5 billion of loans to the shipping industry as demand for vessels recovers and oil-industry investments rise. The London-based bank’s lending to ship companies jumped more than 30 percent last year and it expects another “very active year” in 2014, Nigel Anton, head of shipping...