Business

GroupeMed Holding s.a.l announces OLT Holding s.a.l. as a new shareholder
June 12, 2017

GroupeMed Holding s.a.l announces OLT Holding s.a.l. as a new shareholder

GroupMed Holding s.a.l., the owner of Bankmed s.a.l. is pleased to announce a new shareholder, OLT Holding s.a.l. Following the approval of the Central Bank of Lebanon, OLT Holding s.a.l. owned by Mr. Ala Al Khawaja has successfully acquired from Mr. Ayman Hariri a 42.24% ownership stake of the share capital of GroupMed Holding...

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5 months ago
Man’oushe Street and Al Rajhi Group sign landmark agreement to open 25 new branches in Riyadh
June 11, 2017

Man’oushe Street and Al Rajhi Group sign landmark agreement to open 25 new branches in Riyadh

As part of its continuing efforts to expand its presence in the Middle East region, Man’oushe Street, a popular Middle Eastern eatery that serves traditional, home-styled street food, has revealed the signing of a strategic new master franchise agreement with the Al Rajhi Group, a leading international holding investment...

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5 months ago
Huawei 2016 Annual Report: Solid Growth and Sustained Investment in the Future
June 09, 2017

Huawei 2016 Annual Report: Solid Growth and Sustained Investment in the Future

Huawei released its audited financial results for 2016, reporting that its Carrier, Enterprise, and Consumer business groups (BGs) each achieved solid year-on-year growth. Group annual revenue was CNY521.6 billion (US$75.1 billion), an increase of 32% over 2015. Net profits were CNY37.1 billion (US$5.3 billion), an increase of...

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6 months ago
ABC Verdun to officially open end of July 2017
June 07, 2017

ABC Verdun to officially open end of July 2017

Exciting news for all shoppers looking for a seamless experience in the heart of Beirut! The wait is almost over as the much anticipated ABC Verdun gets closer to officially opening its doors on July 28th. Currently working on its final phases for its grand public opening, ABC Verdun is expected to attract locals and tourists...

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6 months ago
Booz Allen Hamilton highlights the need for UAE organizations to secure IoT alongside traditional IT
June 06, 2017

Booz Allen Hamilton highlights the need for UAE organizations to secure IoT alongside traditional IT

The Internet of Things (IoT) continues to gain a strong footing in the GCC across different sectors ranging from manufacturing and transportation to energy. The vulnerability of IoT to external cyber threats remains high – in fact even higher than traditional IT – a recent Booz Allen Hamilton report has highlighted.  ...

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6 months ago
HUAWEI the Only Chinese Brand Listed among Forbes’ Most Valuable Brands for 2017
June 06, 2017

HUAWEI the Only Chinese Brand Listed among Forbes’ Most Valuable Brands for 2017

HUAWEI, was the only Chinese brand making it to Forbes list of the Most Valuable Brands of 2017. Ranked 88th Huawei’s brand value reached $7.3 billion, up by 9% year on year. Every year, Forbes evaluates more than 200 global brands to determine the final list of 100. This year, the top 100 on the list spread among 15...

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6 months ago
The Beirut Traders Association Launches the Sixth Edition of the “Grow My Business” Competition in Collaboration with the MIT Enterprise Forum
June 06, 2017

The Beirut Traders Association Launches the Sixth Edition of the “Grow My Business” Competition in Collaboration with the MIT Enterprise Forum

A press conference was held on May 31, 2017, at Bank Audi Plaza – Bab Idriss, to launch the sixth edition of the “Grow My Business” competition, an initiative by the Beirut Traders Association (BTA), in collaboration with the MIT Enterprise Forum – Pan Arab Region, and in partnership with Bank Audi sal.   Building...

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6 months ago
Renu Misra the new GROHE President Middle East, Africa and East Mediterranean
May 30, 2017

Renu Misra the new GROHE President Middle East, Africa and East Mediterranean

GROHE announced the appointment of Ms. Renu Misra, as the President of GROHE Middle East, Africa and East Mediterranean. With this appointment, Renu will represent GROHE Group’s interests in the region – reporting directly to Michael Rauterkeus, CEO of Grohe AG.   Renu Misra joined GROHE in 2010 as CFO of GROHE...

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6 months ago
DAFZA hits 62 per cent of total annual sales target and posts 31 per cent growth in registered companies for Q1 2017
May 27, 2017

DAFZA hits 62 per cent of total annual sales target and posts 31 per cent growth in registered companies for Q1 2017

The Dubai Airport Freezone Authority (DAFZA) performed exceptionally well in Q1 2017, achieving 62 percent of its total annual sales target. This was accompanied by an increase of 7 per cent in sales revenues over Q1 2016. The freezone also posted a significant 31 per cent growth in the number of its registered companies, as...

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6 months ago
Plus Properties unveils THE PEARL: The new icon of Larnaca
May 26, 2017

Plus Properties unveils THE PEARL: The new icon of Larnaca

In its mission to always provide a high class living experience, Plus Properties Cyprus launched its latest luxury residential project in Larnaca: “The Pearl of Mackenzie”. The launch was announced during a cocktail reception at Ktima Makenzy, in the effective presence of Mr. Andreas Vyras – Larnaca Mayor, Mr....

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6 months ago
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