Business & Money | Sunday 26 April, 2015 3:27 pm

SAP Announces First Quarter 2015 Results

Business Highlights in the First Quarter 2015SAP again delivered exceptionally strong growth in the cloud. First quarter non-IFRS cloud subscriptions and support revenue grew 131% year-over-year (95% at constant currencies). New cloud bookings, the key measure for SAP’s sales success in the...

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Culture & Education | Wednesday 22 April, 2015 12:28 am

Arab Tech Industry in Need of Easier Access to Capital, Friendlier Regulations and Government Support

The nascent technology sector in the Arab region needs to be reinforced by government support and backed by proper funding from sovereign wealth funds (SWFs) and local institutional investors if it is to flourish and create the next technology titans, according to BECO Capital, a regional Venture...

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Culture & Education | Wednesday 22 April, 2015 12:24 am

Cleaning, Polishing, Odor-Fighting: 6 Alternative Uses For Olive Oil

Olive oil is an integral part of many cuisines. From the Middle East to Europe, the olive branch has been representative of many cultures and olive oil production has contributed to the growth of many economies. Tunisia, Syria, Jordan, Egypt and Lebanon are amongst the top producers of olive oil in ...

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Business & Money | Saturday 18 April, 2015 12:36 pm

Barwa Bank net profit up by 41.5% in 2014

Barwa Bank’s financial results for 2014 showed strong growth across all segments, with Net Profit reaching QAR 713 million, up by 41.5% as compared to 2013. Total assets grew by 14% reaching QAR 38 billion, driven mainly by strong growth in the bank’s financing portfolio which grew from QAR...

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Business & Money | Wednesday 15 April, 2015 2:26 pm

Middle East Oil and Gas Companies Urged to Innovate from Growing Volume to Optimizing Operations

In an era of lower prices but rising demand, Middle East oil and gas companies are urged to innovate from growing volume to optimizing their operations to support economic growth, industry experts announced today.While global oil prices reached their lowest level in four years in 2014, global oil...

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Business & Money | Tuesday 14 April, 2015 2:37 pm

A Forced CEO Turnover Costs a Large Company $1.8B More in Shareholder Value than a Planned Turnover

CEO turnovers at big public companies are inevitable and rarely easy. But what is the cost?In terms of shareholder value, it’s more than significant. Simply having a CEO turnover reduces median total shareholder return to -3.5% in the year after the turnover takes place, based on the last three...

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Business & Money | Tuesday 14 April, 2015 12:50 am

J.P. MORGAN PRIVATE BANK INVESTMENT BAROMETER REVEALS HIGH NET WORTH INVESTOR SENTIMENT

AND THE BIGGEST THREATS IN 2015• Equities retain the confidence of investors (51%), while the number of investors who believe oil could outperform this year has doubled since 2014• Overall 41% of European High Net Worth investors believe the pace of global growth could exceed expectations,...

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Beauty & Style | Monday 13 April, 2015 4:18 pm

Saudi fragrance market to reach US$2 billion in 2018

The Middle East is establishing itself as a global hub of trendsetting perfume creations, as its legendary penchant for fine fragrances and exotic ouds leads international perfumers to set up base in the region to better interact with their favoured customers. Fragrances accounted for 19.6 per cent ...

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Business & Money | Sunday 12 April, 2015 12:50 pm

Oil recovery capped as gold strikes back

Commodities were lower for the first week in four as losses in the agriculture sector, led by grains, more than offset gains made in energy. The dollar resumed its ascent rising by more than 3% as minutes from the latest Federal Open Market Committee meeting (surprisingly enough) left the door open ...

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Business & Money | Thursday 9 April, 2015 3:54 pm

Saudi Arabia full year average crude production 9.8 mbpd in 2015

The widening of global oil surplus to 2 million barrels per day (mbpd) led to Brent prices dropping by 29 percent, quarter-on- quarter, to $54 per barrel in Q1 2015. Oil markets will continue to see large surpluses in Q2 & Q3 2015. That’s with regard to oil prices. In addition, slower shale oil...

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