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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Business & Money | Sunday 8 March, 2015 1:42 pm

67% of working women believe workplace equality to be on par with Western countries

While 43% of working women in the Middle East and North Africa (MENA) region believe they are paid less than their male counterparts, the general sentiment is that workplace equality across the region has grown to be on par with working environments in the Western world. Further data from the...

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Environment & Energy | Sunday 8 March, 2015 1:39 pm

Dampened Middle East oil and gas transaction activity in 2014

While the Middle East has substantial oil and gas reserves and production, in the context of the global transactions market both current and historic levels of activity are relatively low, according to EY’s Global Oil and Gas Transactions Review 2014. In the Middle East, transaction activity in...

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Technology & IT | Friday 6 March, 2015 10:55 am

Kaspersky Lab Products Achieve Outstanding Results in Independent Tests throughout 2014

Kaspersky Lab has once again led the way in the Top-3 Protection rating for 2014, reflecting the enduring superiority of its products. The rating is based on the results of a series of independent evaluations of security solutions carried out throughout the past year. According to this rating,...

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