Nike out did it !

Nike Inc has reported a 14 percent increase in its quarterly earnings, earlier this week. This stronger than expected rise in revenue will help the company offset higher costs, and orders show surprising strength for the future. As the news...
News Summary:  His Highness Sheikh Ahmed bin Saqr Al Qasimi appointed Chairman  Rest of Board comprises leading government and business individuals from the region as well as international legal, compliance and regulatory experts  Joe Moynihan, former Director of Financial...
A survey of Bahrain’s information technology (IT) experts have revealed fears that the GCC is highly vulnerable to attacks by cyber criminals. Conducted by IT solutions provider Gulf Business Machines (GBM), the research was aimed at uncovering online security threats...
The British government has decided to step up its security measures, especially after the unrest in the Arab world. It has decided to set up an early warning system to identify and prevent unrest in high-risk areas where it...
Kaspersky Lab moving core infrastructure from Russia to Switzerland; opening first Transparency Center By the end of 2019, customers data from across various regions will be stored and processed in Zurich As part of its Global Transparency Initiative, Kaspersky Lab...
Aakanksha Tangri, Founder of Re:Set shares some of her best tips for sleep hygiene “Who are these people who get 8 to 10 hours of sleep each night, and how do I become...
Abu Dhabi proves lucky for Lewis Hamilton The shootout between Nico Rosberg and Lewis Hamilton is over. Yas Marina, the venue of Abu Dhabi Grand Prix 2014 is reverberating with the crescendo of 'Lewis'. Lewis battled out the dual to...
Libya’s interim government said it is introducing a law that will allow the establishment of stand-alone Islamic banks in order to attract cash and rebuild the war-torn economy. “When the people see Islamic banks, they’ll put this money there,” Deputy Central...
The UAE and Qatar receive upgrades to 'Emerging Market status' by Morgan Stanley Capital Investments. The upgrade facilitates foreign investment in both UAE and Qatar. New Emerging Markets. After a wait of several years, the equity index provider Morgan Stanley Capital International...
Friday saw a spike in international markets, as Asia, Europe and America felt positively about the rhetoric coming out of the EU summit. All indexes gained and rallied while there were huge gains seen on the commodity markets as...
Will it make commuting to work easier? Will it reduce traffic woes? Nevertheless, it has a great amount of novelty factor to it. Dubai's Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum,  also the Chairman of Dubai Executive...
It's boom time for auto industry in Saudi Arabia; latest research reveals that 60% percent of the residents intending to buy a car in the next 3 years and 38% planning this purchase in the next year. The declining automobile industry...

Lets talk iPhone

After several months of speculation and wild rumors the unveiling of the new iPhone is finally in sight. Apple has issued invitations to an 4 October press event at the company headquarters in Cupertino. As a break from the past,...
The United Arab Emirates has been ranked fifth in the world in terms of government spending efficiency in the 2011-12 Global Competitiveness Report of the World Economic Forum. The report highlighted the UAE's efficient and transparent performance in terms...
Iran and Turkey have agreed to transfer natural gas from Turkmenistan to Europe, a top Iranian Gas Company's official said on Tuesday. The semi-official Mehr news agency quoted Javad Owji, the National Iranian Gas Company's managing director, as saying that Turkmenistan...
While every expert is of the opinion that Kingfisher Airlines is on the verge of collapse, Vijay Mallya is not going to give up that easily. Arabian Gazette has an information that Mallya already have a foreign airline partner. Only...
Just hours after the Fitch Ratings warned the US, a top Federal Reserve official stated that the US?s default would mean that the country will have to pay a severe price if the government misses bond payments. ?The US...
Latest statistics suggest that Dubai International Airport has become the fastest growing airport in the world in terms of annual seat capacity growth. The figures have been released in a report -- 'THE OAG FACTS' (Frequency and Capacity Trend Statistics) by...
There's no doubt about it... virtually everyone who makes the move to live and work in bustling Dubai can't help but get caught up in the elaborate and sophisticated lifestyle that the UAE's most captivating emirate boasts. Whether it...
Etisalat 2013 Q2 revenues up 20%, hits AED 9.8 billion (USD 2.6 billion). H1 2013 revenues reaches AED19.5 billion, up 18% compared to same period last year. Etisalat's Global subscribers increase to 143 million in Q2 2013, up from 141 million...
A report issued by Kuwait-based think tank said the Gulf countries' global oil reserves share  is expected to grow to 70% from current 45% during the next couple of years. Diplomatic Center for Strategic Studies (DCSS) findings showed the Gulf Cooperation...
Two years after buying the British luxury retailer from the Mohamed Al-Fayed family trust, Qatar Holding LLC announced on Tuesday its plans of opening Harrods-branded hotels in top cities around the world. An arm of the Qatar Investment Authority which has around $100bn...
The Abu Dhabi Investment Authority, one of the world's largest sovereign wealth funds, is ramping up its private equity activities after a relatively subdued period over the past two years, sources familiar with the funds' plans said. Staffing within ADIA's...
  A new research report from KnightFrank providing insights on the impact of the Riyadh Metro on real estate markets across the city highlights that the mega infrastructure project is expected to be wide-ranging both in terms of social and...
New research from Grant Thornton’s International Business Report (IBR), a quarterly global business survey of more than 3,200 businesses in 44 economies, reveals a dramatic reversal of fortunes for business leaders in the world’s two largest economies. While U.S....
Data released by the Abu Dhabi government showed on Sunday the capital city's economy grew 6.8% in inflation-adjusted terms last year, the fastest rate since 2004 and more than double the pace of the previous year. "Growth in GDP at constant...
The Jordan Tourism Board announced it aims to increase the number of tourists to the country by 30% by the end of 2015. Taleb Rifai, secretary general of the United Nations World Tourism Organisation (UNWTO), hoped the number of tourists...
More than one in three workers in the Middle East and North Africa (MENA) are "actively disengaged", reveals Gallup's new 142-country study on the State of the Global Workplace. According to Gallup's definition, "actively disengaged" indicates workers are unhappy and unproductive...
  Financial advisory firm, KPMG, has revealed that market activity has significantly picked up in recent months as at least five Gulf-based companies are all set to launch initial public offerings (IPO) in 2014. Without providing details, Papriwal, a KPMG partner,...
Kuwaiti central bank governor said a preliminary report from the International Monetary Fund (IMF) has expressed concern about the sustainability of its public finances due to the government's hike in public spending. State-run Kuwait News Agency (KUNA) quoted Governor Mohammad...