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Tag Archives: Finance

Ericsson & MTN collaborate on M-wallet services

Partnership based on co-development and co-operation drives innovation and change in mobile financial services Ericsson (NASDAQ:ERIC) and MTN Group are establishing a strategic partnership to launch m-wallet services in Africa and the Middle East.  MTN will become the first operator to deploy Ericsson Converged Wallet platform, a new complementary service to the integrated pre-paid charging system and mobile financial services …

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CNBC live from Abu dhabi with focus on investment

CNBC, the leading business and financial news network, will be reporting live from Abu Dhabi this week, focusing on investment opportunities across the region. CNBC journalists Yousef Gamel El-Din and Louisa Bojesen will be interviewing business leaders from across the UAE and providing reports to CNBC’s global television network. On Wednesday CNBC will reporting live, as official media partner, from …

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Dubai Islamic Bank wins three Islamic Finance News awards

Dubai, March 17, 2012: Dubai Islamic Bank (DIB) announced today that it has won three awards at the prestigious Islamic Finance News Awards hosted in Dubai on 29thFebruary 2012. The bank won the awards in the “Corporate Finance,” “Restructuring” and “Structured Finance” Deal of the Year categories. Established in 2005, the Islamic Finance News Awards honour excellence in the Islamic finance industry. DIB was …

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UnitedHealthcare International Launches Strategic Alliance to Offer Insurance in the Middle East

Seamless coverage for UnitedHealthcare’s ‘Global Solutions’ expatriate insurance clients in eight Middle Eastern countries  DUBAI, United Arab Emirates, Mar 14, 2012 (BUSINESS WIRE) — UnitedHealthcare International, a UnitedHealth Group UNH +0.11% company, is offering international insurance coverage to employers with employees in the Middle East through a new strategic alliance with Dubai-based Al Sagr National Insurance Co. This new alliance will provide local …

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Prepaid Middle East Awards; Finalists announced ahead of the summit

Prepaid Summit: Middle East 2012 Conference, Expo and Awards Networking Dinner, March 21 2012 Westin Dubai Mina Seyahi Beach Resort & Marina, Dubai www.vrl-financial-news.com  Inaugural Middle East Prepaid Awards in five key categories  More than 40 nominations across the region Local names such as Abu Dhabi Islamic Bank and RAK Bank chosen in multiple categories including Product Innovation UAE retailers MAF Finance, …

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Commitment to the MENA delivers results, with positive outlook for 2012

Hikma Pharmaceuticals PLC (LSE: HIK) (NASDAQ Dubai: HIK), the fast growing multinational pharmaceutical group, with sales in more than 40 countries across Europe, MENA and the USA, reports its preliminary results for the year ended 31 December 2011. Group revenue increased by 25.6% to $918.0 million, with organic growth of 7.6%, in line with the company’s guidance. Adjusted operating profit grew by …

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North Africa: Waiting Game

As new and emerging governments establish political office in Egypt, Libya and Tunisia, strategies to tackle economic exclusion are still lagging. From the self-immolation of 26 year old Tunisian fruit trader Mohamed Bouazizi in protest at the confiscation of his stall, the Arab Spring has economic roots. For the last year, North Africa’s focus has been on political reform and …

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Middle East: How banks can grasp a $350 billion opportunity

The question of how to serve micro, small and medium enterprises (MSMEs) in emerging markets is not new – so why are we writing about this now? A new report by McKinsey & Company’s financial services practice shows that there is an interesting opportunity for banks and others to achieve a step change in their approach to MSMEs, in light …

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Gulf Business Magazine: Top 100 World Most Influential Arabs for 2012

The known “Gulf Business” Magazine recently declared the list of Top 100 World’s Most Influential Arabs for 2012, these figures cover various sectors: finance, real estate, science and technology, culture and society, and trade. “Gulf Business”, in spite of the radical changes caused by the revolutions of Arab spring in the region, the magazine chose the young Tunisian Mohamed Bouazizi, …

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Innovation key for future success of Islamic finance system

Innovation is the key to the future success of the Islamic finance industry and to meet the challenges of contributing to economic growth and to facilitate internationalization of the industry. According to Nor Mohamed Yakcop, minister in the prime minister’s department in Malaysia, “the Islamic financial system has to continually innovate and adapt in order to be competitive. At the …

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