Cyprus President Demetris Christofias expressed satisfaction that a meeting between the leaders of the island’s two communities will take place on Friday, so soon after his election to the presidency in February. He said that he will attend the meeting with goodwill and that he is ready for hard work. In his opening statement at
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Injazat Data Systems, the leading IT and business process outsourcing company in the Middle East, has announced that it is the Platinum Sponsor of International Data Corp.’s (IDC) annual Chief Information Officer (CIO) Summit being held at the Grand Hyatt’s in Dubai. Injazat Data System’s CIO Kenny Wilson will deliver a key speech on how
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Banking stocks continue to dominate the universe of listed companies in the Gulf Cooperation Council (GCC) countries in terms of value, in part due to financial institutions’ role in recycling a considerable portion of these countries’ oil wealth and liquidity, Moody’s Investors Service said in a new Special Comment. This dominance could decline going forward
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The World Health Organization (WHO) report, Global Tuberculosis Control 2008, released in Geneva Monday, finds that the pace of the progress to control the tuberculosis (TB) epidemic slowed slightly in 2006, the most recent year for which data were available. The new information documents a slowdown in progress on diagnosing people with TB. Between 2001
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The Enterprise Mobility business of Motorola, Inc. will demonstrate high quality, feature-rich voice-over-wireless LAN (VoWLAN) solutions at VoiceCon 2008 in Orlando. The demonstrations at VoiceCon will also showcase the seamless extension of voice services from the enterprise wireless LAN to cellular networks. “With a proven record of bringing to market mission-critical voice and mobility solutions,
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Moody’s has placed Israel‘s A2 government bond ratings and the A2 country ceiling for foreign currency bank deposits on review for possible upgrade. The ratings have carried a positive outlook since May 2006. All other sovereign ratings are affirmed, including the Aa1 country ceiling for foreign currency debt. The review for upgrade reflects both the
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Ericsson and Napster have announced the largest European hosting contract for Napster Mobile, with O2 UK. O2 UK’s customers will be able to search, browse, preview and purchase full-length tracks from Napster’s immense catalogue of over 5 mln tracks and play them on their mobile handsets and PCs. The Napster Mobile service contains several sophisticated
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The U.S. Federal Reserve is expected to slash interest rates by as much as whole percentage points at its policy meeting on Tuesday as investors warily await investment bank results that could aggravate fears of a full-blown markets crisis. Traders expect the Fed to cut rates by a full percentage point in an effort to
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British inflation leapt further above target to a nine-month high in February but the jump was purely due to changes in the way utility bills are calculated, official data showed on Tuesday. The Office for National Statistics said consumer prices rose 0.7% last month, taking the annual rate to 2.5%, as forecast by economists and
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UN Secretary-General Ban Ki-Moon has decided to dispatch to Cyprus the Under-Secretary-General for Political Affairs Lynn Pascoe as leader of an assessment team, to engage in dialogue with all the involved parties, aimed at achieving a breakthrough in the longstanding Cyprus problem. Speaking to the press following a Security Council informal luncheon meeting in New
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