Radisson SAS Hotel, Dubai Media City has won the ACN Award 2007 in the hospitality sector, earning industry-wide recognition for its seamless adoption of Trapeze Networks’ Smart Mobile solutions. Radisson SAS commissioned East Meets West (EMW), the leading supplier of services and products in the telecommunication, ICT, engineering and project management sectors in the Middle

Ericsson has been chosen as “Best in Class” in its approach to climate change disclosure in a report released by the Carbon Disclosure Project (CDP), a coalition of over 315 global investors with more than USD 41 trln in assets. Ericsson was the only telecoms supplier and Swedish company to be named in the leadership

Nokia Siemens Networks and IBM have signed an agreement including the transfer of specific parts of Research and Development Center activities for four Business Lines of the Service Core and Applications Business Unit to a subsidiary of IBM. Up to 235 employees located in Munich and Berlin will become part of the IBM organization. Through

Motorola, Inc. announced the immediate availability of Good Mobile Messaging 5 (Good 5) software that helps make mobile email more personalized and productive while enhancing IT control. Good 5 vastly improves the mobile email experience both for business users and IT professionals by helping mobile users get things done more easily, providing greater personalization, and

The global paper and forest product industry’s six-year-long decline in credit quality has continued in 2007, says Moody’s Investors Service in an industry update. During the year, industry participants have faced tighter liquidity conditions, a worsening slowdown in US housing construction, and, for producers in Canada, Brazil, and Chile, the negative effects of a strengthening

The outlook for European, Middle Eastern and African (EMEA) electric and gas utilities remains moderately negative, Moody’s Investors Service said in a new Industry Outlook. While fundamentals continue to be strong, merger and acquisition (M&A) activity is likely to continue and capital expenditures are expected to increase. “In general, the financial health of the companies

Europe’s house price growth continues to moderate, whereas prices in Asia-Pacific are heating up, according to indices assembled by the Global Property Guide, based on country sources, for the second quarter of 2007. House prices in the Baltics skyrocketed in 2005 and 2006. Latvia, Lithuania and Estonia experienced at least 25% annual increases during 2005-2006.

Rural land prices in Britain continued to climb during the first half of the year, reaching the highest levels in the survey’s history, according to the Royal Institution of Chartered Surveyors (RICS) rural land market survey. The farmland market strengthened, with prices rising by 22.6% compared to 18.1% in the second half of 2006, the

But youth unemployment rises   The Cyprus unemployment rate tumbled to 3.4% in the second quarter of 2007, as the number of unemployed rose, according to the results of the latest Labour Force Survey. However, the scourge of youth unemployment continued, with a rise in both the number and the proportion of young unemployed. The

The rise in the number of Cyprus residents travelling abroad reached its second highest rate in August, recording an increase of 21.1%. On the basis of the results of the Passengers’ Survey, 156,194 residents of Cyprus returned from a trip abroad in August 2007 compared with 128,989 in the corresponding month of last year. Trips