|
| Egypt GDP grows 5.9% in last quarter
| Kuwait gets more time to study Dar debt plan
Kuwait's Investment Dar has said a Kuwaiti court has granted the country's central bank four more months to submit a report on the Islamic investment firm's debt restructuring plan, Reuters has reported. Dar, which has been trying to restructure about KD1bn of debt, applied in March for support under a government facility set up for troubled companies as part of a debt restructuring. [AMEInfo.com]
| Dubai Investments Q2 profit drops 32%
Dubai Investments, the largest investment company listed on the Dubai Financial Market, reported a 32% decline in second-quarter profit as investment income dropped. Net income fell to Dhs196.3m ($53m) from Dhs287m a year earlier, the company said in a statement. Income from sale of goods and services fell 1.8% to Dhs309.4m, while contract revenue rose 30% to Dhs213.8m. Dubai Investments wrote down the value of its investments by 49.7 million dirhams in the quarter, while it had a profit of 53 million dirhams a year ago, the results showed. has said it has started with the process of launching an initial public offering for its subsidiary, M'Sharie, by next year. "The company has already initiated processes for the M'Sharie IPO planned for 2011 and is in active discussions with local stock exchanges. The IPO of M'Sharie will result in raising liquidity and will provide a platform for future growth," Khalid Bin Kalban, DI managing director and CEO said. The conglomerate has reported net profit of Dhs474m for the first half of this year with total income at Dhs1.67bn. [AMEInfo.com]
| Bahraini investment firm shut down
Bahrain-based Gulf International Investment has been shut down by authorities over alleged violations, Gulf Daily News has reported. Authorities did not provide details on whether the closure was temporary or permanent. GII is an investment firm that raises funds from retail investors for real estate and private equity projects mostly in the GCC region. [AMEInfo.com]
| Yemen currency hits record low
Mohammed Awad bin Hamam, governor of Yemen's central bank, has said that injecting more cash in the exchange market is possible after an $80m injection failed to raise the country's rial currency, Reuters has reported. The rial has fallen about 12% from a level of 208 versus the dollar in mid-January. He said that demand is expected to decrease as supply of foreign currencies like the dollar, increase in coming days when remittances would be sent to Yemen by expatriates. [AMEInfo.com]
| |
| PressReleaseNetwork.com News |
BuzzCity Reports Shows Mobile Gaming is Mainstream
The results of BuzzCity�s sixth multi-market survey investigating consumer mobile behaviour are released today and focus on the global usage of mobile games and applications. The BuzzCity study into mobile gaming trends aims to find out gaming patterns on mobile and how marketers and developers can take advantage of its popularity. [Wired by: PressReleaseNetwork.com]
| Go-Green.ae Launches Several 'Free to Download' Green Resources
Carbon pollution is causing the world's climate to change, resulting in extreme weather, higher temperatures, more droughts and rising sea levels. [Wired by: PressReleaseNetwork.com]
| Fuji Xerox Thailand Wins Green Products & Service Company Award from Thai Government
Fuji Xerox (Thailand) Co., Ltd., a sales company of Fuji Xerox Co., Ltd., won the Green Products and Service Company Award organized by the Thai Environment Institute under the Federation of Thai Industries, for continuous efforts to reduce the environmental impact in its business activities. [Wired by: PressReleaseNetwork.com]
| Ekotribe launches GreenSmart's Eco-friendly Lunch Bags in the Middle East
Speaking at the launch of GreenSmart products in the region, Anu Agarwal - Director of Ekotribe stated, "GreenSmart's new lunch bags are stylish, colorful bags that do everything a lunch bag should do-insulate and protect-without harm to the food, the consumer, or the environment." [Wired by: PressReleaseNetwork.com]
| World Cup Fuels Mobile Gaming Growth
Global mobile media company, BuzzCity, delivered more than 8.3 million games to 14.8 million unique users across the world through its free mobile gaming portal Djuzz during June. This is an increase of 295% in downloads and a 335% increase in unique visitors to the portal. [Wired by: PressReleaseNetwork.com]
| Northrop Grumman's Fire Scout Vertical Unmanned System Successfully Completes Testing Under Extreme Environmental Conditions
With the support of the United States Navy, Northrop Grumman Corporation (NYSE:NOC) and its industry partners (Sikorsky/Schweizer, Rolls-Royce, Raytheon, FLIR Systems, Cubic, Kearfott, Rockwell-Collins, General Electric, Sierra Nevada, Telephonics, and L-3 Communications) today successfully completed a rigorous set of flight demonstrations of the MQ-8B Fire Scout vertical unmanned aerial system (VUAS) in the United Arab Emirates under extreme environmental conditions. [Wired by: PressReleaseNetwork.com]
| Skylink Group Announces Disqualified Reseller and Unauthorized Reseller
Skylink Group announces that - Marwest Access Controls Inc. (Chatsworth, CA) was disqualified from selling Skylink products one year ago because they could not fulfill Skylink Group's standards of performance. [Wired by: PressReleaseNetwork.com]
| Excellent Investment Opportunity in Downtown Dubai
A 2 bedroom luxury apartment is for sale in 'The Old Town' located in the central downtown district, with stunning views of Burj Khalifa. [Wired by: PressReleaseNetwork.com]
| BuzzCity Announces Partnership with MediaMind
BuzzCity, one of the worlds's leading mobile advertising networks with over 2500 publishers across the globe today announced a partnership with MediaMind, the leading provider of campaign management and agency ad-serving solutions. The partnership integrates Buzzcity's Mobile Internet Advertising into MediaMind's Channel Connect for Mobile. [Wired by: PressReleaseNetwork.com]
| Toyota to Produce 'Etios' Engines, Transmissions in India
Toyota Motor Corporation (TMC) announces that Toyota Kirloskar Auto Parts Pvt, Ltd. (TKAP), TMC's joint-venture auto-parts manufacturing company in India, will produce engines and transmissions for a compact passenger car newly developed for the Indian market. Production of the vehicle, the "Etios", is scheduled to begin in late 2010. [Wired by: PressReleaseNetwork.com]
| |
|
Donations help keep our site up and running.
Q&A: Santos CIO Hugh Banister
CIO spoke exclusively to Hugh Banister, CIO at gas supplier Santos, about the challenge he faces in his role, what his average work day looks like and some of the IT projects Santos is working on.
| Facebook calls ownership contract a 'forgery'
Facebook is going one step further in its fight against the man who says the company's founder and CEO Mark Zuckerberg signed away ownership of 84% of the social networking site seven years ago.
| Sutus Business Central 200
One of a new business's first steps is to install office tools for day-to-day communications, including a router with wireless access, phone lines, and a file server. The Sutus Business Central 200 combines these devices in a single appliance, simplifying setup and helping you avoid having to configure multiple pieces of unrelated gear individually.
| Lawmakers get mixed reaction to Web privacy bill
An online privacy bill introduced in the U.S. Congress this week received mixed reviews at a subcommittee hearing Thursday, with representatives of two trade groups saying the bill would put unnecessary regulations on the Internet advertising industry.
| When taking stock of performance, beware the benchmarking blues
Done well, benchmarks provide a basis for sound decision making. Yet, badly crafted benchmarks are remarkably common. Even worse, a poorly crafted benchmark can intuitively look like a good one, thereby discouraging a deeper benchmarking evaluation that could deliver superior results.
| Q&A: Mark Cohen, CIO for DealsDirect.com.au
CIO sits down for five minutes with Mark Cohen, CIO for online store DealsDirect.com.au, to discuss the projects he's working on, his take on the big issues affecting CIOs and his favourite tech-gaget.
| |
|
Include this on your site:
|
|
