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Business - Page 1566

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Middle East banks to invest $2 bln on IT security

Banks and financial institutions in the Middle East are expected to invest USD 2 bln on IT solutions to protect financial transactions in 2008 and 2009, a significant portion of which will

25th February 2008
Business

Nokia Siemens Networks to extend Deutsche Bahn rail communications across 7,000 kms

Deutsche Bahn Netz AG and Nokia Siemens Networks have signed a framework agreement to expand the GSM Railway (GSM-R) communications along an additional 7,000 kilometers of the passenger rail routes. The system

25th February 2008
Business

Islamic finance shows no sign of slowing, sukuk sees phenomenal growth

The Islamic finance market has grown by 15% in each of the past three years, partly as a result of the increased wealth in Islamic countries, which in turn was driven by

25th February 2008
Business

UAE is ‘best Arab country’ in Travel Tourism Competitive Index, 20th worldwide

Eye of Dubai, the premier tourism and investment guidebook and online portal for Dubai residents and visitors, has announced that it will intensify its strategy to boost travel and tourism in the

25th February 2008
Business

Amr Khalid tops Forbes Arabia preachers’ earning list with $2.5 mln

“Forbes Arabia” magazine has issued a new list entitled “Da’awa Stars”, in which it ranked Islamic religious preachers/scholars with the highest incomes for 2007. According to the list, Egyptian preacher Amr Khalid

24th February 2008
Business

Anheuser-Busch optimistic about U.S. beer sales, profitability

Anheuser-Busch management reviewed the company’s strategies to accelerate U.S. beer sales and profitability, and reaffirmed the company’s 7 to 10% long-term earnings growth objective, in a presentation given at the Consumer Analyst

24th February 2008
Business

Negative outlook for Estonian banks reflects challenges to good asset quality and liquidity

The outlook for the Estonian banking system is negative, reflecting the growing risk of a decline in the asset quality and/or liquidity in light of the rapid growth in loans in recent

24th February 2008
Business

Motorola to enhance digital cable box portfolio through acquisition in China

Motorola, Inc. announced that it has acquired the assets related to digital cable set-top products of Zhejiang Dahua Digital Technology Co., LTD and Hangzhou Image Silicon. Dahua Digital is a privately held,

24th February 2008
Business

Nokia, Cambridge University launch Morph – nanotechnology device

Morph, a joint nanotechnology concept, developed by Nokia Research Center (NRC) and the University of Cambridge – was launched alongside the “Design and the Elastic Mind” exhibition, on view from February 24

24th February 2008
Business

Pamela Anderson, Michael Jackson, Harry Potter used as bait for spreading trojan

PandaLabs has detected the mass-mailing of messages with sensational subject fields to spread the Downloader.SQV trojan. Subjects used include two supposed earthquakes in the USA, the third divorce of Pamela Anderson or

24th February 2008
Business
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Dollar slumps as Trump threatens 50% tariffs on EU

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Silver posts monthly highs above $32.50 on safe-haven demand

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