News

  ABU DHABI / Emirates Business The current low oil price environment has provided robust opportunities in the Middle Eastern project logistics and breakbulk sector — a critical part of the supply chain supporting the fast-growing regional infrastructure project sector, as discussed at the Breakbulk Middle East launch press conference on Sunday. At the press conference, Breakbulk officially announced that ...

  DUBAI / Emirates Business As Middle East organizations embark on their digital transformation journeys, Kodak Alaris intends to highlight how it can solve their information management challenges through its participation at GITEX 2016. Under the theme ‘Digitize your City’, the company will showcase its latest solutions for reigning in Data Chaos to enable core business functions — from marketing ...

  ABU DHABI / Emirates Business UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, recently announced its celebration of Customer Service Week throughout its operations in 31 countries across 5 continents. It is being organised from October 9-13 in the Gulf Cooperation Council (GCC); and from October 10-14 in Africa, America, Asia-Pacific, Europe and other Middle ...

  Dubai / Emirates Business Dulsco, a regional leader in human resource and waste management solutions stated that the focus by GCC Governments on infrastructure and other sustainability projects will drive the next phase of growth in its core business areas. As per reports published during the recently concluded Big 5 show, over AED 190 billion is being directed towards ...

  Bloomberg Egypt has “almost completed” the actions required for the International Monetary Fund’s board to review its $12 billion loan accord, but some measures related to the exchange rate and subsidies are still pending, Managing Director Christine Lagarde said on Saturday. The most populous Arab country is relying on the deal to restore investor confidence and ease a dollar ...

  DUBAI / Reuters Saudi Arabia’s Almarai, the Gulf’s largest dairy company, reported a 10 percent rise in third-quarter net profit on Sunday, broadly meeting analysts’ forecasts with the help of cost controls it said would remain a priority. Saudi retailers will in coming quarters have to weather the impact of austerity measures imposed to curb a huge state budget ...

  Bloomberg Qatar’s royal family is considering increasing its stake in Deutsche Bank AG to as much as 25 percent, according to people with knowledge of the matter. Sheikh Hamad Bin Jassim Bin Jabr Al Thani, former Prime Minister of the Gulf State, and the former Emir of the country, Sheikh Hamad bin Khalifa Al Thani are exploring increasing their ...

  London / AFP The British government stepped back on Sunday from a plan to make employers list their foreign workers as it talks tough on immigration following the Brexit vote, after a backlash among business leaders. “We are not going to be asking companies to list or name or publish or identify their foreign workers,” Defence Secretary Michael Fallon ...

  Bloomberg U.K. Prime Minister Theresa May will begin a diplomatic offensive on Monday amid mounting international concern and domestic opposition to her so-called hard Brexit rhetoric for leaving the European Union. May will go to Denmark and the Netherlands for talks with other EU leaders as comments suggesting that her priority will be to curb immigration spurred concern of ...

  Bloomberg Merck & Co.’s cancer treatment Keytruda was almost twice as successful at shrinking lung cancer tumors than a standard chemotherapy regimen, a study of the drug in previously untreated patients found. In the 123-patient study, 55 percent of those on Keytruda plus two chemotherapy drugs saw their tumors get smaller, compared with 29 percent on just the chemotherapy ...