Friday , 17 August 2018

Business

KFH Wins STP Award 2016 from Citi Bank

Award Affirms KFH’s Excellence in Utilizing Technology. Kuwait Finance House (KFH) won STP award 2016 from Citi Bank, as the best financial institution in the Middle East to deal with Citi Bank, yet the bank that has achieved the highest rates in the award-winning criteria. STP is an award for “Straight Through Processing” without manual intervention for remittances to Citi. …

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UPDATE 2-IMF agrees $12 billion 3-year funding deal with Egypt

IMF loans to help budget deficit and dollar shortage Deal still to be approved by IMF executive committee Markets cautious, pending implementation By Lin Noueihed and Ahmed Aboulenein CAIRO, Aug 11 (Reuters) – The International Monetary Fund has agreed in principle to grant Egypt a $12 billion three-year loan facility, to support a government reform programme aimed at plugging a …

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ISG Middle East appoints Steve Ramsden as Managing Director

ISG Middle East announced today the appointment of Steve Ramsden as managing director. Ramsden will step into his new role this month, having been ISG Middle East’s general manager from February 2016. He succeeds the current managing director Alan McCready, who will be stepping down after almost eight years at the helm, to pursue other professional ventures. Ramsden said: “I …

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Ooredoo Inks Partnership with MBC Group for Exclusive Content

7-year deal with more value-added offerings to be revealed soon… New Agreement is “The Biggest Content Partnership Deal Ever for Ooredoo” With More to Come… Ooredoo and MBC Group have today signed a seven-year partnership granting Ooredoo the exclusive rights in Qatar to some of the most popular High Definition (HD) channels, offering customers an incredible range of entertainment. The …

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Global leaders to meet in Dubai for annual African investment conference in October 2016

Leading government and business figures from across the globe to meet in Dubai to discuss investment opportunities in Africa McKinsey & Co to present key findings from the upcoming McKinsey Global Institute (MGI) report ‘Lions on the move II’ including analysis of the continent’s 700 largest companies Leading government and business figures from across the globe to meet in Dubai …

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Monster Employment Index Records High Demand for UAE Medical Professionals

UAE healthcare professionals continue to be in high demand with 12 percent year-on-year growth in job opportunities listed online in July 2016 Opportunities increase in consumer goods (25 percent) and manufacturing (8 percent) Bahrain, Kuwait and Oman register positive year-on-year growth in July 2016 amongst GCC countries UAE shows a negative growth of 22% in job opportunities listed online in …

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MARC affirms its AA+IS rating on Kapar Energy Ventures Sdn Bhd; revises outlook to negative

MARC has affirmed its AA+IS rating on Kapar Energy Ventures Sdn Bhd’s (KEV) RM2.0 billion Sukuk Ijarah (sukuk) but revised the outlook to negative from stable. The affirmed rating incorporates a two-notch uplift from KEV’s standalone rating of AA- based on MARC’s continued assessment of a high probability of parental support from KEV’s majority shareholder, Tenaga Nasional Berhad (TNB), which …

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Ras Al Khaimah economic department completes Q1 2016 survey

GDP forecast to break through the 30 billion dirham barrier. Ras Al Khaimah – The Ras Al Khaimah Department of Economic Development (DED), in cooperation with the Federal Competitiveness and Statistics Authority, has completed its annual economic survey and quarterly survey (first quarter 2016), which ran from 10th April through 16th June. The surveys involved 1200 companies across a variety …

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Ajman Chamber signs a partnership agreement with The Global Franchise Market

The Ajman Chamber of Commerce and Industry signed a partnership agreement with The Global Franchise Market Ltd. (TGFM) to organize the “Ajman Franchising, Brands & Retail Expo 2017”, reflecting the objectives of the Ajman Chamber to strengthen its role in supporting and sustaining the franchise sector. The agreement was signed by H.E. Abdullah Al Muwajai, Chairman of the Ajman Chamber …

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Sharjah Chamber of Commerce & Industry launches its ‘Business Intelligence System’

Supporting its smart organizational structure… Sharjah – Sharjah Chamber of Commerce & Industry (SCCI) launched its ‘Business Intelligence System’ – a smart scheme that aims at fully boosting the chamber’s digital transformation process for all its transactions and inquiries, in a move to exploit digital and technical technologies providing cutting-edge support to administration decisions and corporate reports’ preparations within inspiring …

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