Monday 4 May 2015
 
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economy

Savola tops MEA in consumer product sales

Savola, a multinational food group based in Saudi Arabia, recorded the biggest consumer product sales in the Middle East-Africa (MEA) region during the fiscal year ending June 2014, a report said. While Savola claimed the 111th ra

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Top 250 consumer products firms log $3trn sales

The world’s 250 largest consumer products companies generated sales of nearly $3.1 trillion in fiscal year ending June 2014, despite economic uncertainty, a report said. This resulted in an average company size of $12.3 bill

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New initiatives to boost Dubai’s Islamic economy status

A series of initiatives proposed by the board of Dubai Islamic Economy Develop Center (DIEDC) recently to boost Dubai’s status as the global capital of the Islamic economy, were approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum,

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Iranian banks to cut rates after inflation plunge

Iranian banks agreed on Saturday to cut deposit and lending rates, the head of Iran's largest commercial bank said, after a sharp fall of inflation gave policymakers more room to pursue faster economic growth. "The direct

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UAE to host green economy conference in Dubai

UAE is set to host the sixth edition of the Green Economy Annual Conference under the title ‘National Roundtable of Financing and Investing in Green Economy Projects’ on May 25 in Dubai. It is being organised by the Mi

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Billions up for grabs if nuke deal opens Iran economy

Iranian investment banker Ramin Rabii says he shouted in joy when he learned that Tehran and world powers had reached a deal which promises to lift economic sanctions on Iran. Then he called colleagues to discuss the business implications.

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Dewa set for green community initiative

Dubai Electricity and Water Authority (Dewa) has unveiled the programme of the second Green Week, which is the biggest community initiative in the Middle East that promotes environmental sustainability, and highlights different topics related to

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BCCI ‘played crucial role in spurring Bahrain’s economy’

Since its inception in 1939, Bahrain Chamber of Commerce and Industry (BCCI) has played a crucial role in spurring the country's economy, said its chairman Khalid Almoayed. The chamber, then known as the General Merchant's

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Chinese factory activity hits 11-month low

Activity in China's factory sector dipped to a 11-month low in March as new orders shrank, a private survey showed, signalling persistent weakness in the world's second-largest economy that will likely fuel calls for more policy easing t

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Gulftainer to deploy SAP solutions

Gulftainer, a privately-owned, independent terminal operating and logistics company, has named SAP as its strategic technology partner. Under the terms of the agreement, Gulftainer will deploy a range of SAP solutions running on t

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