Dubai / Emirates Business Putting a spotlight on the marketing ideas that could work and encourage thoughtful dialogue about the drivers of marketing effectiveness, Effie Worldwide — a non-profitable organisation — has released an index ranking the companies, including UAE corporates, which are that creating the most effective marketing communications ideas around the world. “The Effies have been the ...

  Dubai / Emirates Business The 16th edition of Careers UAE, a strategic platform to facilitate successful engagement between public and private sector organisations with UAE national candidates at all levels of qualification, is opening its doors this year on May 16-18 at Dubai World Trade Centre (DWTC). Following last year’s successful debut of the Lami3 recruitment and training initiative, ...

  ALKESH SHARMA / Emirates Business Increasing attention on converged systems and cloud solutions has started taking a toll on the Middle East’s hardware market. As more enterprises and businesses in the region move towards cloud computing, hardware market registered a flat growth in 2015, according to a recently released data. In a new research report released by International Data ...

  Our Correspondent / Emirates Business Al Tayer Motors — the official importer-dealer for Lincoln in the UAE — has broken ground for a new concept showroom, incorporating sales, service and spare parts, for the luxury brand at Al Ittihad Road in Dubai. Kumar Galhotra, President of Lincoln, present at the ground-breaking ceremony said, “It’s an honour to be here ...

  Abu Dhabi / WAM Abu Dhabi Airports has announced that Emirates Leisure Retail, ELR, HMSHost International, Lagardere Capital, and SSP, four world-class food and beverage retailers, have been awarded the concessionaire contracts for Abu Dhabi Airports’ Midfield Terminal Building, MTB. Once operational, the MTB will constitute a number of world first exclusives in terms of its F&B offerings, including ...

    Emirates Business India continues to be a crucial part of Etihad Airways’ growth strategy contributing significantly to the airline’s global operations, to job creation and to connectivity for India. Addressing a media conference in Mumbai to mark the launch of Etihad Airways’ daily A380 service to India’s commercial capital, Etihad Airways Chief Commercial Officer, Peter Baumgartner, said that ...

  Bloomberg Societe Generale SA reported an unexpected increase in first-quarter profit, boosted by consumer banking, and announced plans to deepen cost cuts at its investment bank. The shares jumped. Net income rose to 924 million euros ($1.06 billion) from 868 million euros a year earlier, the Paris-based bank said on Wednesday. That beat the 765 million-euro average estimate of ...

  Bloomberg Prashant Jain, who oversees $27 billion at HDFC Asset Management Co., took home Rs.61.7 million ($931,000) in salary and Rs.163 million in stock options in the year ended on March 31, figures posted on the fund’s website for investors show. ICICI Prudential Asset Management Co., the second-largest fund, paid its Chief Investment Officer S. Naren Rs.48 million, while ...

  Bloomberg HSBC Private Bank (Suisse) SA is appealing a HK$605 million ($78 million) fine imposed by Hong Kong’s securities regulator in connection with its sales of structured products including Lehman Brothers Holdings Inc.-related notes between 2003 and 2008. The appeal hearing began in the city on Wednesday after the Securities and Futures Commission previously alleged failures in internal controls ...

  Paris / AFP France’s BNP Paribas has became the first European major bank to post a profit rise for the first quarter, delighting analysts and sending its shares sharply higher. Net profit grew by over 10 percent year-on-year to 1.8 billion euros ($2.1 billion) for the first three months of the year, thanks to one-off gains but also to ...