One of Switzerland’s largest banks that specialises in online trading, MIG Bank SA, has received its Financial Services Authority (FSA) license enabling it to offer online Foreign Exchange (Forex), Gold, Silver and Contracts for Difference (CFDs) via its new London based subsidiary, MIG Capital (Europe) Ltd (...

Harland Financial Solutions announced today its alliance with Ireland-based Rockboro Analytics. Rockboro’s expertise in rating model development and consulting, combined with Harland Financial Solutions’ CreditQuest® Rating Manager software solution, will provide a holistic credit risk management solution to help organizations manage their credit risk exposures.

“The"...

Covidien (NYSE: COV) and GE Healthcare (NYSE: GE), leading global providers of healthcare products and recognized innovators in patient monitoring and respiratory care devices, today announced a five-year, global collaboration to incorporate Covidien measurement technologies into GE Healthcare patient monitors.

“GE Healthcare is committed to making a broad range of parameter measurements"......

Kuwaiti investments in Jordan contributed in offering job opportunities to youth and eased problems such as poverty and unemployment besides enriching the state treasury, the daily Al-Dostoor said on Tuesday.

Awni Al-Dawood, a famous writer and head of economic department in the newspaper, described, in an article published today, the Kuwaiti investments in Jordan, which exceeded USD 10 billion, as the biggest in value among Arab and foreign businesses in the country.

This was due to the deep-rooted ties between the two countries, and the wise political leadership of both countries...

Oman Dry-dock Company (ODC) yesterday received the largest carrier ever to dock at the ship repair yard since it commenced soft operations in April last year. The vessel surpasses in size the LNG carrier owned by Oman Shipping Company, Muscat LNG, which was the largest ship to dock at the yard to date. In attracting the latest pair of carriers, ODC has outperformed over other ship repair yards so early on in its launch, said Shaikh Khalil bin Ahmed al Salmi, Deputy CEO, ODC.

The 309,636-tonne German crude carrier Alpha Glory will undergo"...

The time-saving efficiency of e-services developed by Dubai Trade, the leading trade facilitator under Dubai World, is leading to billions of dollars in annual savings for the public sector and numerous benefits for traders and the economy as a whole, according to a recent, independent case study carried out by the Emirates Competitiveness Council (ECC).

The study says the reduction in the number of days required to import or export goods via Dubai ports from 12 days to seven days has potentially led to total savings of Dh148 billion (more than $40 billion) over five years ending 2011,...

The Model Organization of Islamic Cooperation Conference (MOICC) organized by Qatar University's College of Sharia and Islamic Studies (CSIS) and the Diplomatic Institute at the Ministry of Foreign Affairs, was held on April 27-28 at Doha Sheraton Hotel in the presence of HH Sheikha Hind Bint Hamad Al Thani, QU President Prof Sheikha Abdulla Al-Misnad, CSIS Dean Dr Aisha Al-Mannai, Diplomatic Institute Director H.E. Ambassador Hassan Al-Mohannadi, QU faculty, students and guests. Some 500 students, 460 of whom were women, represented 28 countries throughout the Islamic world as they debated two...

Saudi Arabia Tuesday evinced keen interest in India considering opening joint venture manufacturing plants across the Kingdom. "India has a large industrial base and expertise to start factories in this part of the world, Jeddah Chamber of Commerce and Industry’s Secretary General Adnan Mandoura said at the opening of a two-day catalogue show of Indian companies at the chamber Tuesday morning.

"This is a golden opportunity for India to forge joint venture projects, as the Kingdom with its stability and buoyant economy offers the best of facilities," he said.
Mandoura said the volume...

Bahrain should look to introduce a corporate income tax or value-added tax to stabilize the country's finances, the International Monetary Fund (IMF) has said.

Presenting its latest Article IV consultation with the country, the IMF said that while Bahraini finances are stable, largely due to high oil prices, the government must look to secure a sustainable fiscal position for the longer-term by expanding the nation's tax base, and reducing dependence on the aluminium and oil industries.

The IMF suggested that the 2013-14 budget offers the opportunity to lay the foundations for fiscal...

Last week on Tuesday while heading towards Şanlıurfa's Akçakale border gate with Syria I indeed noticed that there were hardly any cars -- not to mention trucks -- on the road.

I had of course been fully aware of the fact that both individual and business cross-border journeys have come to all but a complete standstill due to the ongoing bloodshed in neighboring Syria, yet speaking to my Turkish hosts I was reassured that while the region indeed misses out on the previously quite considerable yet low-volume-per-transaction"...