ADIB launches new smartdeals app for customers
11 Jun 2017

ADIB launches new smartdeals app for customers

Abu Dhabi Islamic Bank (ADIB) has launched a new mobile app offering a wide range of exclusive deals to customers holding any of the bank’s cards.The free ADIB smartdeals app provides a new, convenient channel for customers to make significant savings across fine and casual dining, shopping, lifestyle, wellness, travel, car rental and family activities.“We are always striving to implement technolo...

By on 11 Jun, 2017 at 14:17:24
The Mobile phone explosion in Nigeria
02 May 2017

The Mobile phone explosion in Nigeria

Many Nigerians especially the younger generations did not know what is was like communicating in the 80's and 90's, this was a time when a certain enterprise called NITEL was the authority when it came to providing telephony services. But I will not dwell much on that but will rather concentrate on the periods when mobile telephone started making inroads into the country in the earl...

By on 02 May, 2017 at 16:14:50
Why there is a dearth of Supply Chain talent and how do we mitigate it ?
02 May 2017

Why there is a dearth of Supply Chain talent and how do we mitigate it ?

WHY IS THE SUPPLY CHAIN TALENT SHORTAGE SO WORRISOME?  Consider this Scenario : Situation: An automaker planned to launch a complex new vehicle, and produce the car in four different global locations based on its platform strategy. Two of the four locations were in emerging markets, where lack of infrastructure and availability of skilled supply chain managers complicated an already dif...

By on 02 May, 2017 at 13:17:13
NBAD posts AED 2.9bn profits in Q1
20 Apr 2017

NBAD posts AED 2.9bn profits in Q1

The National Bank of Abu Dhabi (NBAD) on Wednesday reported a 12.7% increase in the first quarter of 2017.The Abu Dhabi-based bank achieved AED 2.93 billion ($797 million) in Q1-17, up from AED 2.60 billion ($707.7 million) in the corresponding quarter of 2016, according to a statement.Revenues recorded an 8.5% year-on-year growth, reaching AED 5.20 billion, compared to AED 4.80 billion on the bac...

By on 20 Apr, 2017 at 15:16:45
Abdul Hakeem Omar Al-Ojaili announced as the Chief Executive Officer of Bank Dhofar
19 Apr 2017

Abdul Hakeem Omar Al-Ojaili announced as the Chief Executive Officer of Bank Dhofar

Bank Dhofar is pleased to announce Abdul Hakeem Omar Al-Ojaili as the Chief Executive Officer of Bank Dhofar.Abdul Hakeem Al-Ojaili took over the leadership role of Acting Chief Executive Officer of the Bank in October 2013.  He has 26 years of banking experience, a Master Degree in Banking Management from University of Exeter, UK and  Bachelor Degree in Business Administration from New ...

By on 19 Apr, 2017 at 14:37:02
Omran signs RO 38m deal with QNB Oman
19 Apr 2017

Omran signs RO 38m deal with QNB Oman

Oman Tourism Development Company (OMRAN) has joined hands with QNB Oman for the development financing for the JW Marriott Hotel Project within the Oman Convention and Exhibition Centre (OCEC) precinct and part of phase one of the emerging Madinat Al Irfan Urban Development by Omran. The financing agreement, which is valued at RO 38 million, was formalised yesterday in a signing ceremony held at th...

By on 19 Apr, 2017 at 14:17:19
Emirates Islamic profits surge 389% in Q1
19 Apr 2017

Emirates Islamic profits surge 389% in Q1

Emirates Islamic Bank (EIB) on Wednesday reported a surge in net profits in the first quarter of 2017 by 389% compared to the same period the year before.The bank’s profits reached AED 221 million, rising from AED 45 million in Q1-16, according to a statement.Total income, net of customers’ share of profit and distribution to Sukuk holders, increased 4% to AED 601 million in Q1-17 from AED 579 mil...

By on 19 Apr, 2017 at 14:02:23
Hassle Free Home or Commercial Relocation
12 Apr 2017

Hassle Free Home or Commercial Relocation

Relocation from one place to another involves many tasks and is tough for an individual to do. You need to do many things if you are moving to another city with all your household or commercial goods. You need to do packing and transporting the goods for a safe relocation. A safe and successful relocation depends on the safety of the goods and that depends on how well you have packed the goods. Wh...

By on 12 Apr, 2017 at 17:52:59
Doha Bank’s foreign currency rating raised
26 Mar 2017

Doha Bank’s foreign currency rating raised

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, announced last week that it has affirmed Doha Bank’s (DB) Financial Strength Rating (FSR) at ‘A’.The Bank’s Long-Term Foreign Currency Rating (FCR) was raised to ‘A+. The’ Short-Term FCR is affirmed at ‘A2’. The Outlook on the FCR is also revised to ‘Stable’.The principal supporting factors are the Bank’s good...

By on 26 Mar, 2017 at 20:41:08
Depa reviews business units as it returns to profit
26 Mar 2017

Depa reviews business units as it returns to profit

Fit-out contractor Depa has begun a "strategic review" of the businesses it owns as it returns to the black.The company, which reported a turnaround in its fortunes on Sunday, reversing a Dh272.7 million loss in 2015 into a Dh52m profit in 2016, has said that a review of all of its businesses and assets is taking place "with a view to maximising shareholder value creation and returns on equity".Th...

By on 26 Mar, 2017 at 19:10:25
Tencent-led Funding Said to Value Video App at $3 Billion
23 Mar 2017

Tencent-led Funding Said to Value Video App at $3 Billion

Tencent Holdings Ltd.’s investment in Chinese video streaming service Kuaishou values the startup at about $3 billion, people with knowledge of the matter said.Kuaishou, whose platform is popular with rural communities and migrant workers, has raised $350 million in a funding round, the company said Thursday in an emailed statement. The investment comes ahead of a potential initial public offering...

By on 23 Mar, 2017 at 18:48:56
Amazon quietly acquires Dubai e-commerce company
23 Mar 2017

Amazon quietly acquires Dubai e-commerce company

Amazon.com has agreed in principle to acquire Dubai e-commerce company Souq.com, according to Reuters.The terms of the deal were not disclosed, Reuters said, but Souq had been valued at $1 billion in its most recent funding round of $275 million last February. Investors from that round included Tiger Global Management, Naspers, Standard Chartered Private Equity and International Finance Corp.Bloom...

By on 23 Mar, 2017 at 18:43:43
Sears just made an ominous prediction about its future — and now the stock is tanking
23 Mar 2017

Sears just made an ominous prediction about its future — and now the stock is tanking

Sears revealed "substantial doubt" about its ability to stay in business in an annual report filed late Tuesday, and now the stock is tanking."Our historical operating results indicate substantial doubt exists related to the company's ability to continue as a going concern," the company said in the report."Going concern" refers to a company's ability to stay in business. Sears' shares dropped...

By on 23 Mar, 2017 at 18:40:00
Hyundai Motor shares rally on restructuring speculation
21 Mar 2017

Hyundai Motor shares rally on restructuring speculation

Hyundai Motor Co (005380.KS) shares gained the most in over five-and-a-half years on Tuesday on speculation that its parent group, controlled by Chairman Chung Mong-koo, will reorganize its ownership structure.Hyundai Motor Group may join Samsung Group and possibly other family-owned conglomerates to adopt a holding company structure as politicians call for reform following a graft scandal involvi...

By on 21 Mar, 2017 at 17:35:11
Vodafone's Indian telecom unit merges with local company
21 Mar 2017

Vodafone's Indian telecom unit merges with local company

NEW DELHI (AP) — British telecom company Vodafone's Indian unit on Monday announced a merger with Idea Cellular, a local company, creating India's largest telecom operator, with around 400 million customers.Vodafone will own 45.1 percent of the combined company and Idea will have a 26 percent stake, while the rest will be owned by public shareholders after the merger, which is expected to be compl...

By on 21 Mar, 2017 at 17:25:30
Adobe is now officially an ad tech company
21 Mar 2017

Adobe is now officially an ad tech company

Adobe has launched a platform called Advertising Cloud that will allow its customers to manage and buy its digital and TV ads, the company announced Tuesday.The launch follows Adobe's $540 million acquisition of video ad tech company TubeMogul, which closed in December.The Adobe Advertising Cloud includes three components: Search, TubeMogul's demand-side platform, and what Adobe calls "dynamic cre...

By on 21 Mar, 2017 at 17:21:33
Ennis company wins 2017 Retailer of the Year award
19 Mar 2017

Ennis company wins 2017 Retailer of the Year award

Ennis business owner Tammy Haas of My Home in Montana has been awarded Retailer of the Year at the 2017 Made in Montana Tradeshow for Food & Gifts reception.Haas opened her store in May 2014 after she and her husband moved to Ennis to retire. Haas’ store supports more than 80 Made in Montana vendors. Her strategy is simple: make customers’ experience easy and fun.My Home in Montana expanded in...

By on 19 Mar, 2017 at 16:00:08
Walmart buys online clothing seller ModCloth
19 Mar 2017

Walmart buys online clothing seller ModCloth

NEW YORK — Walmart has bought trendy clothing seller ModCloth, part of a big push to pick up smaller online brands as it tries to make headway against Amazon.The company declined to specify the price on the deal that closed Friday, saying only that it was in the same range as its previous two purchases of online businesses. Those were $51 million and $70 million.Walmart is working hard to attract ...

By on 19 Mar, 2017 at 15:57:01
Tesla’s $1 Billion Cash Raise May Fall Short
19 Mar 2017

Tesla’s $1 Billion Cash Raise May Fall Short

Tesla’s capital raise is dangerously underpowered. The electric-car company run by Elon Musk will sell stock and notes worth a bit over $1 billion. Tesla is burning cash, and investing heavily to gear up for production of its coming Model 3. Unexpectedly small dilution pleases investors, but may miss the more important goal of capital sufficiency.Tesla has shown it can make beautiful cars and buil...

By on 19 Mar, 2017 at 15:55:11