Cars & Autos | Friday 13 May, 2016 3:02 am

Nissan to Take 34% Stake in Mitsubishi Motors for 237 Billion Yen

Nissan Motor Co., Ltd., (“Nissan”), and Mitsubishi Motors Corporation, (“MMC”) announced that they have signed a Basic Agreement today to form a far-reaching strategic alliance between the two Japanese automakers.   Following an MMC share issue, Nissan will take a ...

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Business & Money | Thursday 12 May, 2016 2:55 pm

Marka Announces Q1 2016 Financial Results

Marka PJSC (DFM: MARKA), the first retail-focused listed company in the UAE, today released its interim financial results for the first quarter of 2016. For the three months ending 31st  March 2016, the company reported total revenue of AED 75,730 million. Total losses reported for the period...

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Tourism & Hospitality | Thursday 12 May, 2016 2:48 pm

AIR SERBIA TAKES NEXT STEP IN EVOLUTION WITH ARRIVAL OF FIRST WIDE-BODY AIRCRAFT FOR NEW YORK LAUNCH

Air Serbia, the national airline of the Republic of Serbia, celebrated the next step in its evolution as the region’s leading airline, with the arrival of its first wide-body aircraft at Nikola Tesla Airport yesterday.     The Airbus A330 will be used on Air...

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Business & Money | Thursday 12 May, 2016 1:54 pm

Deloitte: Transforming gender balance in the Middle East

Monitor Deloitte recently published a white paper “Getting the balance right- A blueprint for gender balance in the Middle East private sector” which showcases the firm’s recognition of the importance of gender balance in driving economic engines and improving organizations’ ...

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Cars & Autos | Thursday 12 May, 2016 1:52 pm

Nissan reports net income of 523.8 billion yen for FY 2015

Nissan Motor Co., Ltd. today announced financial results for the 12 months to March 31, 2016.   The company delivered increased full-year revenues and profitability. Rising demand for new products in North America, Western Europe and China offset the impact of negative foreign exchange...

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Tourism & Hospitality | Thursday 12 May, 2016 1:50 pm

OSN appoints Emad Morcos as Chief Content Officer to drive strategy for exclusive content

OSN, the MENA region’s leading pay-TV network, has announced the appointment of Emad Morcos as its Chief Content Officer, a newly created organisational role. He will be responsible for driving OSN’s consolidated content strategy and is also mandated with the acquisition of programming...

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Business & Money | Thursday 12 May, 2016 1:47 pm

King Abdullah Economic City Exhibits Upscale Aspirational Lifestyle at AL-Murooj District

King Abdullah Economic City (KAEC) will hold an exhibition for its ready-to-deliver “Al-Manazel” land plots in the Al-Murooj district, an upscale living solution to the aspirational needs of today’s affluent Saudis and investors. The event will be held at the Jeddah Hilton Hotel...

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Cars & Autos | Thursday 12 May, 2016 1:35 pm

Aston Martin DB3S to headline Bonhams Aston Martin auction

The expected star of the show at the forthcoming Bonhams Aston Martin auction is a 1953 Aston Martin DB3S, raced by Sir Stirling Moss, Tony Brooks, Peter Collins, Roy Salvadori and Reg Parnell. With an estimate of £6-7 million, the ex-works race car is expected to attract the attention of...

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Business & Money | Thursday 12 May, 2016 1:32 pm

adidas Group with stellar financial performance in Q1 2016

Major developments in Q1 2016:   • Group sales increase 22% on a currency-neutral basis  • Accelerating momentum at both adidas (+26%) and Reebok (+6%)  • Double-digit growth in all markets except Russia/CIS  • Gross margin grows 0.3pp to...

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Business & Money | Thursday 12 May, 2016 1:28 pm

Interview with- Atul Batra, Chief Technology Officer, Manthan

How is the transformation in analytics solution being perceived for the growth of retail?   Making the right decisions at the right time with the right context is critical for growth. Hence analytics becomes a key propeller of the growth eco-system, more so in the Retail sector where...

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