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Tag Archives: Mideast

MIDEAST STOCKS-Banks pull Qatar higher, big Mobily loss weighs on Saudi

Banks pulled Qatar’s stock market higher in early trade on Monday while Saudi Arabia’s market edged down after a string of second-quarter earnings, with telecommunications firm Mobily plunging on a bigger-than-expected loss. The Qatari index added 0.4 percent as Qatar National Bank climbed 1.0 percent and Masraf Al Rayan rose 0.8 percent. Qatar International Islamic Bank gained 1.4 percent after …

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Mideast deal activity picks up in Q2 2017

Despite a backdrop of continued political turbulence, cross-border dealmaking held steady globally in Q2 2017, with the Middle East seeing a substantial uptick in deal activity, according to Baker McKenzie’s Cross-Border M&A Index. Middle East cross-border deal-making picked up in Q2 2017, with the Middle East Index increasing to 201.5, withstanding the continuing political and economic uncertainty in the region …

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Mideast renewable power sold as low as $30/MWh

Economic and environmental sustainability has a direct relationship in which environmental measures contribute to economic gain. As more companies aim to increase their bottom line, growth stage companies that work along the value chain of the green industrial revolution are beginning to experience rapid growth. “Investors who want to be a part of the Green Industrial Revolution’s success story need …

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MIDEAST STOCKS-Gulf wilts in early trade as Brexit risk saps sentiment

Stock markets in the Gulf edged down in early trade on Thursday after international bourses and oil markets slipped, partly because of fears that Britain might leave the European Union in next week’s referendum. Local day traders sold speculative Saudi Arabian shares. The insurance sector dropped 0.8 percent and was the main drag on Riyadh’s index , which had edged …

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Mideast talent needed to keep pace with rising demand for IT professionals

Lack of Skills in Third Platform Technologies Will Put Substantial Pressure on IT Providers and End-User Organizations in Middle East: IDC A rising need for IT professionals coupled with a short supply in local talent is impeding organizations’ migration efforts towards emerging technologies, according to industry experts. “Manpower is not progressing at the same speed as technological development, and this …

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US companies look to Jafza for their Mideast presence

Al Janahi explains Jafza’s unique value proposition during US Road Show US companies see a lot of potential in Jafza, and are interested in setting up their Middle East base of operations in the Free Zone. The companies were briefed by a senior Jafza team led by Ibrahim al Janahi, Deputy CEO and Chief Commercial Officer Jafza and Economic Zones …

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Siemens opens e-business in Mideast to meet growing demand for industrial technology

Siemens Industry Mall features information on 135,000 products and systems as well as their configurations to meet growing industrial needs Sophisticated ordering tools to ease order management FAQs, application examples and a technical forum to help customers New portal to serve industrial customers in UAE, Qatar, Oman, Bahrain Siemens , the global powerhouse in electronics and electrical engineering operating in …

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