Business & Money | Monday 23 March, 2015 5:59 pm

Precious metals enjoy boost from dovish FOMC

Head of Commodity Strategy at Saxo Bank Ole Sloth HansenThe Federal Open Market Committee meeting on Wednesday was the highlight of this week. A lot of attention is currently being given to the US Federal Reserve as speculation about when and by how much it will raise its official Fed Funds rates....

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Business & Money | Wednesday 18 March, 2015 12:11 am

THE RICHEST REAL ESTATE TYCOONS IN THE MIDDLE EAST

Behind the projects that made the region’s property billionaires richSaudi Arabia’s Alwaleed Bin Talal Alsaud is the Middle East’s richest real estate tycoon, according to the 2015 Forbes Billionaires List. A member of the Saudi royal family, he is one of three businessmen from the region...

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Environment & Energy | Monday 16 March, 2015 12:00 am

US supply and potential Iran deal have Crude back on the run

Head of Commodity Strategy at Saxo Bank Ole Sloth HansenThe rising dollar has become one of the most watched features and one the biggest drivers across most asset classes. During the past month the Greenback has rallied by almost 5% against a basket of 10 leading global currencies, as improved US...

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Cars & Autos | Thursday 12 March, 2015 3:11 pm

Audi CEO: “We delivered more in 2014 than promised”

With a new record for deliveries of more than 1.74 million automobiles, Audi for the first time increased its revenue to more than €53 billion in 2014. Operating profit amounted to €5.15 billion and the operating return on sales of 9.6 percent was at the upper end of the strategic target...

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Technology & IT | Thursday 12 March, 2015 1:54 pm

Public Sector is One of Middle East’s Largest Producers of Big Data

As the Middle East’s public sector is one of the largest producers of Big Data, government agencies need to train staff in Big Data analytics to deliver enhanced citizen services, industry experts announced today.In the Internet of Things era, global cellular machine-to-machine (M2M) connections...

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Business & Money | Thursday 12 March, 2015 8:31 am

Laurent A. Voivenel on Mastering Growth in Halal-Friendly Segment

Increasing investor appetite in the Middle East underpinned by strong trading performance and tourism growth has triggered unprecedented development in the hospitality sector. According to industry sources, through projects announced to date, by 2020 the region will add airport capacity for 300...

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Business & Money | Tuesday 10 March, 2015 11:13 am

Investcorp portfolio company L’azurde announces dividend of $16.7 million

Investcorp, the asset management firm specialising in alternative investments, today announced that its portfolio company L’azurde, one of the world’s top five gold jewellery manufacturers, has distributed $16.7 million in dividends to its shareholders, following a strong performance in...

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Business & Money | Tuesday 10 March, 2015 10:28 am

Bayt.com Named Among Top 10 Best Places to Work in Asia

Bayt.com, the Middle East’s leading career site, has been named among the top 10 Best Small and Medium Workplaces in Asia, in the prestigious 2015 Best Workplaces in Asia awards that were announced this month. The ranking follows Bayt.com’s top-10 ranking in the Top Places to Work in the UAE...

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Business & Money | Monday 9 March, 2015 12:30 pm

Good performance in a challenging environment

2014 was a successful year for Henkel. In a challenging and very competitive market environment we achieved our financial targets and made very good progress in implementing our strategy 2016,” said Henkel CEO Kasper Rorsted. “All three business units contributed with profitable organic growth...

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Technology & IT | Sunday 8 March, 2015 4:11 pm

Middle East and Africa to Post World’s Second-Fastest IT Growth

Organizations in the Middle East and North Africa (MENA) are early adopters of the technology innovations, as the wider region will post the world’s second-fastest IT growth in 2015, announced SAP MENA’s new Head of Customer Office.The Middle East and Africa’s ICT spending is set to pass USD...

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