Business

Tally Solutions highlights pressing challenges for SMEs in the Middle East
August 18, 2018

Tally Solutions highlights pressing challenges for SMEs in the Middle East

According to a new study by MENA Research Partners (MRP), the Gulf region accounts for 34 percent of small and medium-sized enterprises (SMEs) in the Middle East and North Africa, and has the largest potential for SMEs regionally. While SMEs are the lifeblood of an economy, it is predicted that many SMEs in the region are posed...

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4 days ago
DGCX and DIEDC Partner to Strengthen Dubai’s Islamic Finance Economy
August 17, 2018

DGCX and DIEDC Partner to Strengthen Dubai’s Islamic Finance Economy

The Dubai Gold and Commodities Exchange (DGCX) and the Dubai Islamic Economy Development Centre (DIEDC) today signed a Memorandum of Understanding (MoU), agreeing to share knowledge, promote Shari’ah Compliant finance, and help foster Dubai as the global capital of Islamic economy. Abdulla Mohammed Al Awar, CEO of DIEDC, and...

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5 days ago
areeba launches its initiative “2bada Jadd” to empower merchants in Mouhafazat outside Beirut.
August 15, 2018

areeba launches its initiative “2bada Jadd” to empower merchants in Mouhafazat outside Beirut.

Under the slogan “2bada Jadd”, areeba has launched a first-of-its-kind initiative in Lebanon aiming at developing the card payment business and acceptance in Mouhafazat outside the capital by incentivizing merchants to shift to cashless payment. This initiative was announced under the patronage of H.E. the Minister of...

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7 days ago
Emerson Named “IIoT Corporate Leader of the Year”
August 13, 2018

Emerson Named “IIoT Corporate Leader of the Year”

Emerson (NYSE: EMR), a global automation technology and software company, has been named “IIoT Corporate Leader of the Year” by McRock Capital. The award recognizes Emerson’s unique and successful deployment of Industrial Internet of Things (IIoT) solutions. Emerson’s IIoT solutions have been deployed extensively...

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1 week ago
First Central Hotel Suites Adds New Meeting Facilities
August 13, 2018

First Central Hotel Suites Adds New Meeting Facilities

First Central Hotel Suites in Barsha Heights has recently expanded its events facilities adding two new meeting rooms designed to offer greater choice to its guests for small-to-medium-sized events. Wael El Behi, General Manager of First Central Hotel Suites, said, “It is the little things that make all the difference, hence...

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1 week ago
Air Arabia reports net profit of AED 230 million in first half of 2018, carrying a solid 4.2 million passenger
August 11, 2018

Air Arabia reports net profit of AED 230 million in first half of 2018, carrying a solid 4.2 million passenger

Air Arabia (PJSC) today announced strong financial results for the first half ending June 30, 2018 as the Middle East and North Africa’s first and largest low-cost carrier continued to deliver solid and sustained financial performance. Air Arabia reported a net profit of AED 230 million for the first half ending June 30,...

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2 weeks ago
The Deloitte “VAT in the GCC guide” mobile app in Arabic
August 09, 2018

The Deloitte “VAT in the GCC guide” mobile app in Arabic

Deloitte has released its latest version of the “VAT in the GCC guide” mobile app in Arabic for the first time, making it available in both English and Arabic. The app is accessible to the public to download, and is designed to help businesses to better understand VAT and its impact, whether they have already...

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2 weeks ago
BMW Group and Baidu Join Forces to Accelerate the Development of Autonomous Driving in China.
August 09, 2018

BMW Group and Baidu Join Forces to Accelerate the Development of Autonomous Driving in China.

Baidu, Inc. (NASDAQ:BIDU) and the BMW Group today announced they have signed a Memorandum of Understanding (MoU), under which the BMW Group will join Apollo, the open autonomous driving platform by Baidu, as a board member. The partnership was made official during Chinese Premier Li Keqiang’s visit to Germany on July 10th to...

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2 weeks ago
Majid Al Futtaim H1 Revenue up 13% While Focus Remains on Long-Term Strategic Direction
August 08, 2018

Majid Al Futtaim H1 Revenue up 13% While Focus Remains on Long-Term Strategic Direction

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today announced its preliminary and unaudited operational and financial results for the first six months of the year, with overall group revenue rising by 13 percent to AED17.8 billion and EBITDA growing...

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2 weeks ago
Ericsson and LG Electronics sign global patent license agreement
August 08, 2018

Ericsson and LG Electronics sign global patent license agreement

Ericsson (NASDAQ: ERIC) and LG Electronics have renewed a global patent license agreement on FRAND terms and conditions between the two companies. Ericsson and LG Electronics are two of the leading contributors to the GSM (2G), UMTS (3G), and LTE (4G) cellular communication standards and both companies are making significant...

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2 weeks ago
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