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Tag Archives: Finance

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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Citadel Capital Ranked No. 1 PE Firm in Africa for 3rd Year

Citadel Capital, the leading private equity firm in the Middle East and Africa with investments of US$ 8.6 billion under control, has been ranked the number one private equity firm in Africa for the third year in a row in Private Equity International’s annual ranking of the world’s largest and most active PE firms.

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Financial Services Sector

The financial services industry has grown increasingly reliant on advances in technology to remain competitive. Banks, insurance companies, credit card companies, investment funds, stock brokerages and government treasuries are all in need of new innovations to remain competitive. If you have ideas to contribute in any of the above areas – the world is waiting for you Visit Financial Services …

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