Archive for the Category ‘Finance’

Internet is a MENA staple. 2,300% increase over past decade

Internet is a MENA staple. 2,300% increase over past decade

Consumer brands must look online for growth, says TNS chief   Dubai, UAE February 22 2012: Many regional markets are experiencing a staggering increase in internet usage, up from 7.8 million to 187 million users in the last decade, according to Steve Hamilton-Clark, CEO of the world’s largest custom market research organisation, TNS MENA.   [...]

A.M. Best Granted Approval to Establish in the Dubai International Financial Centre

A.M. Best Granted Approval to Establish in the Dubai International Financial Centre

LONDON – Wednesday, February 22nd 2012 [ME NewsWire]   (BUSINESS WIRE)– A.M. Best is pleased to announce that it has obtained the necessary approvals to establish within the Dubai International Financial Centre in Dubai, UAE. The new office will operate as A.M. Best MENA, South & Central Asia, servicing clients throughout the region and developing [...]

Prepaid Experts Gather In UAE; Prepaid Summit Middle East returns to Dubai

Prepaid Experts Gather In UAE; Prepaid Summit Middle East returns to Dubai

Prepaid Summit: Middle East 2012 Conference, Expo and Awards Networking Dinner, March 21 2012 Westin Dubai Mina Seyahi Beach Resort & Marina, Dubai www.vrl-financial-news.com   More than 200 influencers and decision makers identify revenue and growth models Over 20 prepaid case-studies; experts share blue-print of existing prepaid programs in the ME region Launch of ME [...]

CATHIC conference examines the future for global travel and tourism and financing of hotel projects in Turkey and beyond

CATHIC conference examines the future for global travel and tourism and financing of hotel projects in Turkey and beyond

Central Asia & Turkey Hotel Investment Conference (CATHIC) February 6 -8 2012, Istanbul www.cathic.com Istanbul, Turkey February 2012: The CATHIC event in Istanbul began today with the WTTC’s Marketing Director Geoffrey Breeze outlining predictions for the Global Travel and Tourism industry over the next decade. “In 2012 the global tourism industry provides 1 in 12 [...]

Gemalto Supports Diners Club Spain’s EMV Migration

Gemalto Supports Diners Club Spain’s EMV Migration

AMSTERDAM – Thursday, February 2nd 2012 [ME NewsWire] (BUSINESS WIRE)– Gemalto (Euronext NL0000400653 GTO), a world leader in digital security, announces the availability of an approved EMV applicationwhich will be deployed by Diners Club Spain during 2012. Gemalto is providing Diners Club Spain with consulting and personalization services, in addition to Dynamic Data Authentication (DDA) [...]

QInvest Invests in the Landscaping Services Sector in Qatar

QInvest Invests in the Landscaping Services Sector in Qatar

Doha- Qatar – Sunday, January 29th 2012 [ME NewsWire] QInvest, Qatar’s leading Investment bank, has acquired 30.5% of Al Nakheel Agriculture and Trading Company W.L.L. and AG Middle East LLC (together the “Group”). Based in Doha, Qatar, the companies specialize in providing landscaping and related maintenance services to governmental, corporate and industrial customers. This acquisition [...]

The Islamic Bank of Asia Announces Two Strategic Appointments – Harish Parameswar as Head of Investment Banking & Saleh Al Nashwan as Chief Representative of Bahrain Representative Office

The Islamic Bank of Asia Announces Two Strategic Appointments – Harish Parameswar as Head of Investment Banking & Saleh Al Nashwan as Chief Representative of Bahrain Representative Office

Appointments underscore bank’s commitment to strengthen its merchant banking business and promote greater capital flows between the Middle East and Asia SINGAPORE & MANAMA, Bahrain – Thursday, January 26th 2012 [ME NewsWire] (BUSINESS WIRE)– The Islamic Bank of Asia (IB Asia) today announced two key senior appointments to drive the bank’s focus on investment banking [...]

Syncada Network Processed a Record $21 Billion in 2011

Syncada Network Processed a Record $21 Billion in 2011

MINNEAPOLIS – Wednesday, January 18th 2012 [ME NewsWire] (BUSINESS WIRE)– Syncada from Visa announced today that its global financial supply chain network processed more than $21 billion in payments during 2011, a substantial increase from 2010 and a record in annual payments for the company. “Creating efficiency in the financial supply chain has a direct, [...]

Abu Dhabi Capital Management announces the intention of Qannas Investments Limited to raise up to $50 million as part of a $200 million investment program, and admit its shares to trading on AIM

Abu Dhabi Capital Management announces the intention of Qannas Investments Limited to raise up to $50 million as part of a $200 million investment program, and admit its shares to trading on AIM

ABU DHABI, United Arab Emirates – Wednesday, January 18th 2012 [ME NewsWire] Abu Dhabi Capital Management (“ADCM”) today announces the intention of Qannas Investments Limited (the “Company” or “Qannas”) to apply for the admission of its shares to trading on AIM, a market of the London Stock Exchange Plc (“Admission”), and to proceed with an [...]

Chartis Aligns Geographic Structure to Enhance Commercial and Consumer Strategies and Emphasize Growth Economies

Chartis Aligns Geographic Structure to Enhance Commercial and Consumer Strategies and Emphasize Growth Economies

NEW YORK – Wednesday, January 18th 2012 [ME NewsWire]   (BUSINESS WIRE)– Chartis today announced that it has aligned its geographic structure to enhance execution of the company’s commercial and consumer strategies and to add greater focus on its growth economies initiatives. Under this framework, Chartis will be organized under three major geographic areas: the [...]

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