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Eye of Dubai

ABU DHABI COMMERCIAL BANK PJSC REPORTS
Business & Money | Wednesday 22 April, 2015 2:43 pm
FIRST QUARTER 2015 NET PROFIT OF AED 1.249 BN, AN INCREASE OF 13% YEAR ON YEAR, AND 22% QUARTER ON QUARTERAbu Dhabi, 21 April 2015 – Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results for the first quarter of 2015 (“Q1’15”).Financial...
Arab Tech Industry in Need of Easier Access to Capital, Friendlier Regulations and Government Support
Culture & Education | Wednesday 22 April, 2015 12:28 am
The nascent technology sector in the Arab region needs to be reinforced by government support and backed by proper funding from sovereign wealth funds (SWFs) and local institutional investors if it is to flourish and create the next technology titans, according to BECO Capital, a regional Venture...
Cleaning, Polishing, Odor-Fighting: 6 Alternative Uses For Olive Oil
Culture & Education | Wednesday 22 April, 2015 12:24 am
Olive oil is an integral part of many cuisines. From the Middle East to Europe, the olive branch has been representative of many cultures and olive oil production has contributed to the growth of many economies. Tunisia, Syria, Jordan, Egypt and Lebanon are amongst the top producers of olive oil in ...
Deloitte’s predictions report for the Dubai real estate sector in 2015
Business & Money | Sunday 19 April, 2015 11:18 am
Deloitte Financial Advisory launched its inaugural Real Estate predictions report for the Emirate of Dubai. The report takes an in-depth look at the economy, as well as residential, hospitality, office and retail spaces in 2014 and provides outlooks for 2015.“Dubai’s property market has...
UAE Ranks 5th among ‘Most at Risk’ Regions in Aruba Network’s Global Mobile Security Threat Study
Technology & IT | Saturday 18 April, 2015 12:39 pm
Global Study by Aruba Networks Confirms the Need to Identify and Support High-Risk, Security-Agnostic Employees to Protect Sensitive Data Aruba Networks, Inc. (NASDAQ: ARUN) is calling for businesses in the UAE to take action as a new mobile security risk report reveals that businesses are ill...
Barwa Bank net profit up by 41.5% in 2014
Business & Money | Saturday 18 April, 2015 12:36 pm
Barwa Bank’s financial results for 2014 showed strong growth across all segments, with Net Profit reaching QAR 713 million, up by 41.5% as compared to 2013. Total assets grew by 14% reaching QAR 38 billion, driven mainly by strong growth in the bank’s financing portfolio which grew from QAR...
Middle East Oil and Gas Companies Urged to Innovate from Growing Volume to Optimizing Operations
Business & Money | Wednesday 15 April, 2015 2:26 pm
In an era of lower prices but rising demand, Middle East oil and gas companies are urged to innovate from growing volume to optimizing their operations to support economic growth, industry experts announced today.While global oil prices reached their lowest level in four years in 2014, global oil...
A Forced CEO Turnover Costs a Large Company $1.8B More in Shareholder Value than a Planned Turnover
Business & Money | Tuesday 14 April, 2015 2:37 pm
CEO turnovers at big public companies are inevitable and rarely easy. But what is the cost?In terms of shareholder value, it’s more than significant. Simply having a CEO turnover reduces median total shareholder return to -3.5% in the year after the turnover takes place, based on the last three...
J.P. MORGAN PRIVATE BANK INVESTMENT BAROMETER REVEALS HIGH NET WORTH INVESTOR SENTIMENT
Business & Money | Tuesday 14 April, 2015 12:50 am
AND THE BIGGEST THREATS IN 2015• Equities retain the confidence of investors (51%), while the number of investors who believe oil could outperform this year has doubled since 2014• Overall 41% of European High Net Worth investors believe the pace of global growth could exceed expectations,...
Saudi fragrance market to reach US$2 billion in 2018
Beauty & Style | Monday 13 April, 2015 4:18 pm
The Middle East is establishing itself as a global hub of trendsetting perfume creations, as its legendary penchant for fine fragrances and exotic ouds leads international perfumers to set up base in the region to better interact with their favoured customers. Fragrances accounted for 19.6 per cent ...
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