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Boehringer Ingelheim Has a Very Successful 2017 Financial Year
Sharp increase in net sales to nearly 18.1 billion euros (+15.7 per cent in currency-adjusted terms; +13.9 per cent in euro terms) Operating income rises significantly to around 3.5 billion euros Return on net sales of 19.3 per cent Strengthened animal health business successful Boehringer Ingelheim Middle East, Turkey, Africa (META) achieved a sales growth of 10% in 2017 United Arab Emirates, 25 April 2018 – The research-driven pharmaceutical company Boehringer Ingelheim can look back on a very successful 2017 financial year. All businesses contributed to net sales growth. R&D expenditure exceeded three billion euros, around 2.7 billion euros of which ......Read More
Wednesday, April 25, 2018
Bosch Blazing New Trails in Mobility and Environmental Protection
Record business performance in 2017 Successful business year in 2017: sales revenue increases to 78.1 billion euros Record earnings in 2017: EBIT from operations reaches 5.3 billion euros Bosch CEO Denner: “We want to keep people mobile and improve air quality” Breakthrough: diesel NOx emissions far lower than legally prescribed limits Strategy: cross-domain IoT ecosystems April 25, 2018 - Dubai, United Arab Emirates – Bosch is aiming for further growth in 2018, despite the difficult economic climate. After achieving record results in 2017, and in light of economic and geopolitical risks, the Bosch Group expects its sales revenue to grow by 2 to 3 ......Read More
Wednesday, April 25, 2018
flynas, the first airline in Saudi Arabia to offer travel insurance in partnership with Chubb Arabia
April 25, 2018 United Arab Emirates: flynas, the award winning Saudi national carrier and leading low-cost airline in the Middle East signed an agreement with Chubb Arabia Coorperative Insurance Company to offer flynas customers with travel insurance coverage, making flynas the first airline to offer its passengers travel insurance. The signing ceremony took place on the sidelines of the Arabian Travel Market that was held from 22nd April to 25th April 2018 at the Dubai World Trade Centre. This exclusive and beneficial feature of adding travel insurance coverage will be available to travellers who reside in the Kingdom of Saudi Arabia and book flights via ......Read More
Wednesday, April 25, 2018
Intersec Saudi Arabia 2018 Opens for Business Featuring 150 Exhibitors from 20 Countries
World’s leading security, fire protection, safety companies target Kingdom’s US$6.02 billion market Dubai, UAE - April 24, 2018: Intersec Saudi Arabia 2018 opened today (24 April) in Jeddah, with 150 exhibitors from 20 countries looking to network and generate fresh business opportunities in the Kingdom’s US$6.02 billion ......Read More
Tuesday, April 24, 2018
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FINABLR Launched To Accelerate Customer-Focused Technology Innovations
Dr. B. R. Shetty creates “Finablr”, a holding company that intends to consolidate his global financial services brands. Finablr to accelerate customer-focused innovations in the financial services sector, building on over four decades of industry experience. Finablr also announced the intent to rebrand the non-UAE operations of UAE Exchange as “Unimoni” 23 April 2018 - Dubai, UAE: Noted UAE-based businessman and philanthropist, Dr. Bavaguthu Raghuram Shetty announced the creation of “Finablr”, a new holding company which, subject to regulatory approvals, will consolidate his global portfolio of financial services brands under one ......Read More
Monday, April 23, 2018
GN Group inaugurates MENA Head Office in Dubai
The mothership of aural technologies Jabra and ReSound, GN Group breaks camp with its first office in Dubai Dubai, United Arab Emirates, April 22 2018 – GN Group, a global leader in intelligent audio and hearables solutions that let one hear more, do more and be more, opens a base in Dubai with its first office in the Middle ......Read More
Sunday, April 22, 2018
Ashridge to help Saudi leaders explore and implement strategies for growth
KSA; 19 April 2018: Ashridge Executive Education, with over 20 years of experience in training regional business leaders, is focusing on helping Saudi businesses to effectively execute their strategy for growth. As companies in Saudi Arabia face the challenges of digital disruption, a relatively young workforce, and changing customer ......Read More
Thursday, April 19, 2018
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Iron Mountain® acquires Derby Records Management FZ LLC expanding presence in UAE
Dubai, UAE, April 19th, 2018: Iron Mountain Incorporated® (NYSE: IRM), the global leader in storage and information management services, today announced the acquisition of Derby Records Management FZ LLC in Dubai, UAE, expanding the company’s presence and scale in the fast-growing Dubai market. The acquisition of Derby Records Management FZ LLC will add two facilities and over 100 customers to Iron Mountain’s existing business. Derby will be the Free zone arm of Iron Mountain UAE and will be part of the existing management. “I am extremely excited to add the talented Derby team and high-quality roster of clients to our existing Iron ......Read More
Thursday, April 19, 2018
InfoFort awarded the Dubai Chamber CSR Label
Recognised for its outstanding efforts for the 5th consecutive year Dubai, UAE, April 16, 2018: InfoFort, an Aramex company and a leading information management solution provider in the Middle East and Africa, was awarded the Dubai Chamber CSR Label for the fifth consecutive year. The initiative established by Dubai Chamber ......Read More
Monday, April 16, 2018
Mint Middle East to Collaborate with Interac in UAE
Mint is proud to announce its exclusive partnership with Interac to offer secure contactless and mobile debit solutions for domestic UAE transactions Dubai, UAE (April 15, 2018): Mint Middle East (MME) on Sunday signed licensing agreements with Interac Corp. (Interac), Canada’s domestic debit network, granting MME ......Read More
Sunday, April 15, 2018
Foreign companies back France more strongly than ever as a European business location
300 companies from Middle Eastern countries recorded in 2017 employing + 24,000 people United Arab Emirates, April 8, 2018. “The 2017 Annual Report: Foreign investment in France – The international development of the French economy” just released, provides confirmation of the renewed confidence global foreign investors have in France as a business location. The figures were revealed at a press conference held at the headquarters of Cisco in Paris region, by Bruno Le Maire, French Minister for the Economy and Finance, and Christophe Lecourtier, CEO of Business France. A total of 1,298 investment decisions in 2017 (up 16% year-on-year) ......Read More
Sunday, April 8, 2018
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TSYS and Mashreq Bank Announce the Successful Implementation of PRIMESM for Acquiring Services
Award winning financial institution in Dubai successfully deploys TSYS’ payments processing solution Dubai, United Arab Emirates, 5 April 2018: TSYS (NYSE: TSS) and Mashreq Bank announced today that Mashreq has successfully implemented TSYS’ PRIME software licensing solution, to enhance the bank’s customer-centric experiences for its merchants. TSYS is providing Mashreq with its core PRIMESM acquirer and issuer payments platform — and surrounding modules and services. The first phase of the implementation followed industry best practices across planning, development and solution design, resulting in the successful launch of ......Read More
Thursday, April 5, 2018
New technologies set to disrupt UAE banking sector in 2018, KPMG banking perspectives report states
Artificial intelligence, blockchain and FinTech will drive banks to improve operational efficiency, increase revenue and reduce risk Implementation of VAT could result in banks increasing their fees to compensate for increase in costs A strong and positive culture can help UAE banks overcome regulatory and innovation-related challenges March 28, 2018 Dubai, United Arab Emirates: As the UAE banking sector comes to terms with new regulations and the implications of VAT, KPMG’s third edition of the annual UAE banking perspectives report reveals how technological innovation and strong corporate governance will enable banks ......Read More
Thursday, March 29, 2018
CISI celebrates 12 years of raising professional standards in the financial services industry by re ...
Outstanding members of the financial services industry were awarded by CISI at the prestigious annual UAE Awards Ceremony 2018 at the Emirates Golf Club Dubai, United Arab Emirates, 28 March 2018: In celebration of its 12th anniversary in the UAE, leading professional body for securities, investments, wealth and financial planning professionals, Chartered Institute for Securities & Investment (CISI) recognised top performers who demonstrated excellent work in their respective professions, embodying CISI’s commitment to raising professional standards of ethics and integrity in the financial services industry. The invitation-only event was held ......Read More
Wednesday, March 28, 2018
Labuan IBFC Launches Gulf Roadshow Showcasing Unique Shariah-Compliant Solutions and Structures for ...
Kuala Lumpur, 17 April 2018 – Despite the competitive Shariah-compliant market for financial services structures and solutions in the Gulf Cooperation Council (GCC) region, Labuan IBFC is confident that its omnibus Islamic legislation and its strong Shariah Supervisory Council will continue to keep Labuan IBFC as a key jurisdictional option for Gulf businesses and families. To further drive this message, the midshore jurisdiction’s promotional and marketing arm, Labuan IBFC Inc will be organising a week-long market development drive in the Gulf, which will include numerous business development meetings, participation in a wealth management conference and the hosting of a ......Read More
Tuesday, April 17, 2018
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