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Carlos Ghosn
Ghosn arrested over ‘significant’ financial misconduct
TOKYO — Nissan chairman Carlos Ghosn is facing dismissal after his reported arrest in Japan over allegations of financial misconduct, the firm’s CEO said Monday, in a shocking fall from grace for one of the world’s best-known businessmen.The Japanese automaker’s CEO Hiroto Saikawa told journalists the Nissan board would meet on Thursday to discuss firing Ghosn, who was reportedly questioned by Japanese prosecutors for various improprieties including underreporting his income.“I will call a board meeting to make a proposal to remove him from the position of chairmanship and approve it,” Saikawa told a news conference.Saikawa said he believed that Ghosn and Nissan’s Representative Director Greg Kelly were both under arrest, as local media earlier reported.“These two...
November 19, 2018

Ghosn arrested over ‘significant’ financial misconduct

Dr. Sultan Ahmed Al Jaber
ADNOC sets more partnerships for oil and gas blocks
ABU DHABI — The Abu Dhabi National Oil Company (ADNOC) will accelerate delivery of its new integrated gas strategy, as well as its plans to increase its oil production capacity to 4 million barrels per day by 2020, with Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, saying there would be no let-up in the momentum gained during a record-breaking Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).Dr. Al Jaber signaled that ADNOC would be making additional strategic announcements in the coming weeks, including new partners for the Ghasha concession, which is ADNOC’s offshore ultra-sour gas mega project, consisting of Hail, Ghasha, Dalma and other offshore fields. Other upcoming announcements will center on the Abu Dhabi government’s historic...
November 19, 2018

ADNOC sets more partnerships for oil and gas blocks

hybrid
Mideast outpaces global, EMEA in deployment of hybrid clouds
JEDDAH — A new report found enterprises plan to increase hybrid cloud usage, with 91% stating hybrid cloud as the ideal IT model, but only 18% stating they have that model today. Nutanix, Inc., a leader in enterprise cloud computing, released on Monday the findings of its first annual global Enterprise Cloud Index, measuring enterprise plans for adopting private, hybrid and public clouds, which also revealed that application mobility across any cloud is a top priority for 97% of respondents – with 88% of respondents saying it would “solve a lot of my problems.” Additionally, the report found public cloud is not a panacea; IT decision makers ranked matching applications to the right cloud environment as a critical capability, and 35% of organizations using public clouds overspent...
November 19, 2018

Mideast outpaces global, EMEA in deployment of hybrid clouds

Julien Faye
Saudi Arabia customers more willing to bank with established tech firms
RIYADH – With banks increasingly under attack from technology firms, it is no surprise that their top priority is improving the convenience and quality of the experience for their customers. However, Bain & Company’s ninth annual customer loyalty in retail banking study, In Search of Customers Who Love Their Bank, finds that traditional banks fail to keep up with direct banks and technology firms in five out of five areas that matter most to consumers: quality, saves time, simplifies, heirloom, or a good investment for future generations, and reduces anxiety. The study revealed that a large majority of survey respondents in KSA are willing to get banking services from an established technology company.Bain & Company partnered with Research Now SSI to survey more than 152,000 consumers...
November 19, 2018

Saudi Arabia customers more willing to bank with established tech firms

A fitting honor for Yusuffali MA's exemplary entrepreneurial leadership
Middlesex University confers doctorate on Yusuff Ali MA
Dubai — The renowned Middlesex University has conferred its honorary doctorate on leading businessman and philanthropist Yusuff Ali MA. Sheikh Nahyan bin Mubarak Al Nahyan was the chief guest of the graduation event. While addressing the graduates and dignitaries, Sheikh Nahyan stressed the importance of education, which defines the character of an individual. Sheikh Nahyan further said that investing in education is investing in future that also shapes values of citizens. He said that the future of the world depends on students and urged students to continuously learn, which is a never-ending process. Sheikh Nahyan also congratulated Yusuff Ali on receiving the honorary doctorate and said that “Yusuff Ali played an important role to strengthen India-UAE relationship and for setting...
November 19, 2018

Middlesex University confers doctorate on Yusuff Ali MA

LogiPoint ‘Logistics Zones Operator of the Year’
RIYADH — LogiPoint (a subsidiary of Saudi Industrial Services Co. – SISCO), a Saudi Joint stock company listed on Tadawul, the leading logistics business and the largest bonded and re-export zone in KSA, has won Logistics Zones Operator of the Year 2018 award in a ceremony organized by Transport and Logistics Middle East. The annual awards acknowledge the companies for their remarkable performance and innovation within the regional logistics supply chain.The ‹Transport and Logistics Middle East› has provided the perfect platform to exchange ideas, showcase the recent technological innovations, look for suitable collaborations, and highlight business prospects. The award is the appreciation of LogiPoint’s outstanding record of collaboration and partnership with its stakeholders...
November 19, 2018

LogiPoint ‘Logistics Zones Operator of the Year’




Xerox Iridesse Production Press is the only digital press that can print metallic gold or silver dry ink, CMYK and clear dry ink in a single pass
Xerox launches another first in the world of print
DUBAI — The company that invented the copier, laser printing and print-on-demand is launching another first in the world of print – a high speed, six station color press to its Middle Eastern partners and customers. State of art press combines four-color printing with up to two specialty dry inks in one printing pass. The Xerox Iridesse Production Press is the only digital press that can print metallic gold or silver dry ink, CMYK and clear dry ink in a single pass, giving print providers an immediate competitive edge in the growing digital print enhancement market.“This launch is very important to our regional success as we believe this production press will be very well received by our partners and customers in the Middle East. Iridesse can do things no other digital production...
November 19, 2018

Xerox launches another first in the world of print

attack 222
Cyber attackers focus on world’s financial markets
JEDDAH — The cyber threats faced by key financial markets across the world have been exposed by a new report published Monday by BAE Systems and SWIFT. The study examines the different levels of susceptibility and threat faced by parts of the financial markets. It considers how market infrastructures and participants could be exploited by cyber criminals to penetrate organizations across the securities, trade finance, foreign exchange, and banking and payments market segments. While the risks in banking and payments are well documented, this study reveals that the securities market is particularly vulnerable. This is due to the large number of participants and infrastructures, as well as the complex interactions involved. Weaknesses can be unknowingly introduced by traders, brokers,...
November 19, 2018

Cyber attackers focus on world’s financial markets

WIBC 2018 set in Manama
MANAMA — The International Islamic Financial Market (IIFM) will be hosting its annual pre-conference day seminar at the 25th Annual Edition of the World Islamic Banking Conference (WIBC 2018) on Nov. 26 at Rotana Hotel, Amwaj Islands, Kingdom of Bahrain.The “IIFM Awareness Seminar on Islamic Finance” will see industry leaders deliberate on a broad spectrum of issues, centered around achieving growth in the Islamic Financial Sector and will feature critical discussions gravitating around the key theme of “Entrenching Transparency in Advancing Sustainable Growth in the Islamic Financial Market.”Opening remarks will be delivered by Khalid Hamad Abdulrahman Hamad, Executive Director of Banking Supervision, Central Bank of Bahrain and Chairman of IIFM.An exclusive presentation...
November 19, 2018

WIBC 2018 set in Manama

Bahrain signs air services agreement with Saudi Arabia
BIAS 2018 ends on a high note with $5bn major deals signed
THE fifth edition of the Bahrain International Airshow 2018 (BIAS) concluded its three-day event which took place last Nov. 16. Attracting the highest number of local, regional and international companies the event witnessed major deals signed with a total value of over $5bn.The dates of the next edition of the show, set to be held on Nov. 19-21, were announced during a press conference held on the last day of BIAS.BIAS is an effective platform of business generation and major deals were announced during the three-day event including the announcement of an agreement by SaudiGulf Airlines to add ten A320neo family aircrafts for around $2 billion, as well as an agreement for the value of $1 billion with CFM International to provide their aircrafts with Leap Engines, and an additional service...
November 19, 2018

BIAS 2018 ends on a high note with $5bn major deals signed

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