Business owners willing to invest in realistic incentives that reward achievements accomplished by managers and employees, reap the proceeds. The key to success is to: 1) set realistic goals and timeframes; 2) hold managers accountable for performance; 3) communicate measurement and reward methodology — then step back and let them perform.
UAE is one amongst few economies that have always fared better even during the current economic slowdown period. The UAE economic growth or GDP is expected to touch 3.8 % within the gap of next four-five years. According to key analysis from Dubai Chamber of Commerce and Industry, the key factors acting as driving force behind the rising economic conditions are
In one generation, artificial intelligence is expected to infiltrate almost every aspect of modern life. Andrew Howard , responsible for sustainable research at Schroders , examines some of the most significant changes that are likely to occur.
Good trend of economic growth and earnings, improvement in the stock market environment and easing political tensions underpin the 2019 investment themes selected by BNP Paribas Wealth Management strategists in the US, Europe and Asia to guide investors towards attractive opportunities.
Abdullah Aldubaikhi represents the Middle East and North Africa region in the Board of the non-for-profit organization committed to promoting effective spill response globally.
There is no doubt that digitization has favored the growth of international trade. But what can the growing blockchain technology bring now? According to a report prepared by Bain & Company and HSBC, under the title "Rebooting a digital solution to trade finance", this type of technology has great potential for trade.
The market starts the new year expecting the European Central Bank (ECB), the Federal Reserve (Fed) and the Bank of England to raise rates, once again monopolizing the eyes of managers, analysts and investors for two reasons: which will be the pace of the rises and how the market will digest the less liquidity.
Dubai has approved its 2019 budget, with higher revenues targets and continued spending as the emirate prepares to host global trade fair Expo 2020.
CaixaBank has become the first financial institution to have its virtual assistant at Amazon Alexa. Through Neo, the virtual assistant of the financial institution chaired by Jordi Gual and whose CEO is Gonzalo Gortázar, customers can make inquiries about products and services, ask for help to hire a product or receive recommendations on developments related to their interests. After this launch,
Five years since its humble beginnings, Aafiya has grown its global presence with more than 100 nationalities served and 480 million claims processed.
Imdaad, a Dubai-based group of companies that provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets, recently hosted its annual Strategic Partner Appreciation event at Palazzo Versace hotel in Dubai. Based on their efficiency and value-added services, Imdaad honored its valued suppliers and partners,
Imdaad, a Dubai-based group of companies that provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets, has recently been awarded a five-star ranking at the third edition of Taqdeer Award in Dubai in recognition of the company’s initiatives aimed at providing the best working conditions for its labor staff.
Set to open in 2022 in Kenyan capital, new hotels comprising 300 keys will bring Rotana’s portfolio in African market to nine hotels.
Ripple-The global pioneers of Blockchain technology are in the limelight again. From making quick inroads in top economies like Malaysia, Thailand, South Korea, Chinese markets, it adds another feather by targeting the prosperous bolstering Middle-Eastern economy.
Highlighting the growth of mobile payment technologies in the country, Mastercard, a leading technology company in the global payments industry, has revealed that the UAE marked a record number of secure mobile transactions in 2018.
The EBRD is continuing to promote women’s entrepreneurship in Jordan by providing a third loan, of US$ 4 million in local currency, to the Microfund for Women (MFW) in Jordan.
The Business Incubators and Accelerators Company (BIAC), a subsidiary of Saudi Technology Development and Investment Company (TAQNIA), wholly-owned by the Public Investment Fund (PIF), has joined forces with VentureSouq (VSQ), a pan-regional investment platform, to launch a new investment services vertical within BIAC
Introduction: Middle-East is all set to power its GDP growth to almost double from the current $2.6 trillion to a whopping $5.2 trillion within the next ten years. This sounds simple but is a difficult mission to be carried out.
Strengthening trade from and within Lebanon, the EBRD is providing a US$ 75 million trade finance line to Bank Audi, the largest commercial bank in Lebanon and one of the leading regional banks. By joining the EBRD’s Trade Facilitation Programme (TFP), Bank Audi will become the third issuing bank in Lebanon.
Chief executive officers (CEOs) in Saudi Arabia remain moderately optimistic about the growth prospects of the Kingdom's economy, as it diversifies away from oil, according to a survey by KPMG Al Fozan & Partners, a leading audit, tax and advisory service provider.
BNP Paribas Securities Services, a global custodian with USD 11 trillion in assets under custody, has appointed Thorsten Gommel as Head of BNP Paribas Securities Services for Germany and Austria. He will join the bank in April 2019.
Middle East's leading EdTech startup Noon Academy, a graduate of Saudi Arabia's Badir Program for Technology Incubators and Accelerators, has won the prestigious Real Innovation Award at the London Business School 2018 Noon Academy’s founding team was recognized for it’s innovation and ‘unreasonable’ determination to make a mass impact on education.
The EBRD is strengthening access to local currency loans for micro, small and medium-sized enterprises (MSMEs) by signing a credit line with Enda Tamweel, the largest microfinance institution in Tunisia.
December 2018 is all set to enter the Record Books that is going to make India a proud nation. Wondering why? Well, the news that’s around the corner is that under the coveted “Make in India” concept Indian Railways have successfully tested the much-awaited India’s first Ingeniously built engine-less train rolled out from ICF factory here in Chennai.The positive vibe
More than 1,000 young Saudi hackers - comprising clinicians, engineers, scientists, designers and entrepreneurs - participated at the Convention Center at Princess Noura University in Riyadh on Thursday at the world's largest health hackathon.
If anything is making a lot buzz globally, it ought to be “Robustness and the zillion trendsetting advancement in the world of E-Commerce”. From the humble beginning in early twentieth century to a giant trillion-dollar industry and more counting, E-commerce Industry globally has taken the world by a storm. It also has performed well bucking the huge challenges in form of-
Emirates NBD, a leading financial institution in the Middle East, is pleased to announce that it has received the “Best Big Data Implementation in Banking for Next Generation Analytics” Award from Infomatica, the world’s enterprise data management leader.
The fifth edition of the BNP Paribas Wealth Management Global Entrepreneur Report unveils the preferred private investments of the most successful international entrepreneurs - the Elite Entrepreneurs - and the trends shaping their portfolio allocation choices.
Annual technology spending by smart cities in the Middle East & Africa (MEA) region is expected to double from $1.3 billion to $2.7 billion in the next four years, according to KPMG's "The Rise of Smart Cities – Digital Transformation in the Public Sector" report.
Five out of 10 consumers, globally, are anxious about identity theft, while 77 percent are totally against their data being sold on, according to a study released today by KPMG International.
Emaar Properties PJSC (DFM: EMAAR) recorded a revenue of AED 17.390 billion (US$ 4.735 billion) in the first nine months of 2018, which is 30 per cent higher than the revenue of AED 13.351 billion (US$ 3.635 billion) during the same period in 2017, led by the robust growth achieved by Emaar Development (DFM: EMAARDEV), the UAE build-to-sale property development business majority owned by Emaar, as well as the impressive performance by Emaar Malls (DFM: EMAARMALLS).
The EBRD has acquired a 6.25 per cent stake in Nova Ljubljanska banka d.d. (NLB), Slovenia’s largest bank
The Business Incubators and Accelerators Company (BIAC), a leading Saudi government company specialized in the establishment, operation and management of business incubators and accelerators, has announced its successful participation in Web Summit 2018, one of the world’s largest and most influential technology events.
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has launched a new portal powered by Artificial Intelligence (AI) and Machine Learning tools to deliver advanced analytics to merchants. FAB piloted the solution with Al-Futtaim, one of the most diversified privately held regional businesses, and will be rolling out to all key merchants soon.
QNB, the largest financial institution in the Middle East and Africa, has recently organized a briefing workshop about QNB-Simplify e-commerce, an innovative cloud based platform that allows merchants to create their online shop
Successful diversification is the way forward for the economies of Central Asia as the region reassumes its ancient role as a bridge joining Europe with the Far East, EBRD President Suma Chakrabarti said at the opening of the Central Asia Investment Forum in Beijing today.
Belarus’s economic recovery, which started in 2017, has remained robust in 2018, according to the latest World Bank Economic Update for Belarus. However, further structural changes are needed to improve external competitiveness and to convert the ongoing recovery into structural growth, says the report.
Malaysia carried out six business reforms in the past year, regaining a position among the top 20 ranked economies in the world, says the World Bank Group’s Doing Business 2019: Training for Reform report, released yesterday
Saudi Re for Cooperative Reinsurance Company (Saudi Re), the leading reinsurance company in the MENA region, is reinforcing its brand presence in Egypt ahead of the next year's busy reinsurance renewal season.
Today, TD announced the 10 recipients of the inaugural TD Ready Challenge. Each organization will receive CDN $1 million (USD $775,000) to help them scale their innovative solutions aimed at preparing Canadians and Americans for the economy of the future.
According to the report, wealth per adult has increased by 3.2%, raising world average wealth to a historic high of $ 63,100 per adult. Within this growth, the United States is the region that has contributed most to the world's wealth , with a total of 98 billion dollars, have added 6.3 billion dollars this year and maintain since 2008 an uninterrupted rate of growth of total wealth and of wealth per adult.
Matteo Patrone has been appointed EBRD Managing Director, Eastern Europe and the Caucasus.Based in Kiev,he will be responsible for the Bank’s operations and engagement in Ukraine,Belarus,Moldova,Armenia,Azerbaijan and Georgia.
Bruno Balvanera has been appointed new EBRD Managing Director, Central Asia. In this position he will be responsible for one of the most geographically diverse regions of the Bank’s operations, with current commitments close to US$ 13.5 billion (€11.6 billion).
Badir Program for Technology Incubators and Accelerators, one of the leading initiatives of King Abdulaziz City for Science and Technology, has contributed an estimated 2.1 billion riyals ($ 560 million) to Saudi Arabia's economy on a cumulative basis from 2010 to the end of last year, based on the total revenues of 620 million riyals achieved by the incubated and graduated technical companies in the Program.
Two thirds of visits to the digital interfaces of BNP Paribas now occur on a mobile device. As the bank for a changing world, BNP Paribas is rolling out a “mobile first” strategy with the aim of simplifying the mobile banking experience and adapting to the new habits of mobile users. Learn more below.
The Tripartite Advisory on Human Capital Practices for Insurance was released last week, setting out good human resource practices for the insurance industry in the areas of building a talent pipeline, skills-based hiring, and managing retrenchment responsibly, according to a statement issued by the MAS.
Europe's third largest economy aims to showcase at least 500 companies at the expo
The emirate is already a global player in sectors such as transportation and logistics and its on a path to lead in tech
Yann Gérardin, Head of Corporate and Institutional Banking (CIB) since 2014, is appointed Deputy Chief Operating Officer in charge of CIB with effect from 1 October 2018.
The new deal, reached just before a midnight deadline imposed by the US, will be called the United States-Mexico-Canada Agreement.
Swicorp Company , the leading Middle East Private Equity company) alongside its partner Acciona Energia achieve financial close and break ground on their 186MW PV Power project in Egypt.
UAB wins first place amongst Medium Enterprises for recruiting Emiratis and has received the prestigious award from the Ministry of Human Resources & Emiratization in recognition of the bank’s efforts towards development of the Emirati community in the financial services industry.
King Abdulaziz City for Science and Technology (KACST), represented by Badir Program for technology incubators and accelerators, has signed a new partnership initiative with the International Telecommunication Union (ITU) today for developing several projects in the domain of innovation and entrepreneurship,
As part of the BNP Paribas Group’s 2020 Business Development Plan for Germany, BNP Paribas Wealth Management intends to grow its business in the HNW/UHNW segment and with Mittelstand company owners.
The EBRD is launching public consultations on the draft of its upcoming Energy Sector Strategy (ESS), which will guide the Bank’s operations in the sector for the next five years. The current EBRD Energy Sector Strategy came into force in December 2013.
ABN AMRO was voted 'Top Borrower in EMEA' by group two lenders during the International Securities Finance (ISF) Survey Awards 2018 in London on 19 September. In addition, ABN AMRO was also highly commended by group one lenders globally, across EMEA and Asia-Pacific.
The EBRD is financing the modernisation of the road network in FYR Macedonia to help improve the country’s transport infrastructure and boost the national economy.
RAKBANK is pleased to announce its recent partnership with the Finance Department (Government of Ras Al Khaimah) to facilitate their requirements on cash management and payment gateway solutions.
RBC is proud to be listed in the 2018 Dow Jones Sustainability North American Index, an annual review that recognizes North America’s corporate leaders in environmental, social and governance performance. RBC has made this list for the 13th consecutive year since the index was launched back in 2005.
HSBC Holdings plc (‘HSBC’, the ‘Company’ or the ‘Group’) announces Peter Boyles will retire from HSBC, to be succeeded as Chief Executive, Global Private Banking by António Simões, subject to regulatory approval, effective 1 January 2019. James Emmett will succeed António Simões as Chief Executive of HSBC Bank plc and Chief Executive of Europe with immediate effect.
ABN AMRO is again one of the best performing banks on sustainability across the world. In RobecoSAM’s annual sustainability review of over 3,500 international companies, the bank scored 86 of the maximum 100 points, reducing the difference between ABN AMRO and the industry leader to a single point. RobecoSAM’s review informs the global Dow Jones Sustainability Index (DJSI) to be released at the beginning of 2019.
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced that 10 young Emiratis have successfully completed its in-house 'Al Mustaqbal' and 'Future Relationship Managers' programmes for UAE national school and university graduates.
ABN AMRO’s Digital Impact Fund (DIF) is teaming up with Earlybird and solarisBank to invest EUR 14 million in Germany’s CrossLend. The fund has also agreed a strategic partnership with this digital cross-border lending marketplace. The partnership should help improve access to international capital for Dutch companies.
Bank completes its suite of Islamic banking solutions in response to soaring client demand
As part of Al Hilal Bank’s strategy for delivering excellence in customer satisfaction, the Bank has initiated an important internal campaign, “It Comes from Within”, in line with the UAE leadership’s key and clear vision in achieving both employee and customer satisfaction.
KIEV, Ukraine – August 28, 2018 – GE Energy Financial Services, a unit of GE (NYSE: GE), announced today it facilitated the raising of €90MM in project financing for stage I (100-megawatt) of DTEK Renewables B.V. Primorskaya wind electricity plant (Primorskaya WEP), located on the Sea of Azov shore in Zaporizhia region, South Ukraine.
GE this week announced more than one hundred Australian schools have been selected for it's 2018 GE Additive Education Program, the largest rollout of its kind in Australia. The primary and secondary schools from across the country will receive a polymer 3D printer, supporting software and an education curriculum to give students hands-on additive manufacturing experience
In Europe and the United States, tech entrepreneurs usually don’t have too much trouble getting their hands on the hardware. But for Ayman Arandi, who runs a start-up in the West Bank, importing even simple electronic components is an uphill battle.
In the face of a bipartisan congressional effort to expand sanctions against Russia, the Trump administration is escalating pressure on the Kremlin over its interference in U.S. political life.
Madrid is the twenty-third (23) city in the world with the best quality of life, according to the report "Mapping the World's Prices 2018", prepared by Deutsche Bank's economists . The Spanish capital is located ahead of major cities such as New York, Paris or London thanks to factors such as the quality of health care, the price of housing, its climate and the time spent going from home to work.
Secretary of State Mike Pompeo's speech on Iran in May was widely interpreted as acall for regime change. President Trump reinforced that last week with an all-caps tweet warning “NEVER EVER THREATEN THE UNITED STATES AGAIN OR YOU WILL SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE.” This week, Trump offered to meet his Iranian counterpart with “no preconditions.”
At China's Central Foreign Relations Work Conference—an infrequently-held high level strategy session on the nation's foreign policy—convened on June 23, 2018, Chinese leaders issued an array of foreign policy directives designed to strengthen the activist foreign policy outlined by Xi at the previous foreign affairs work conference held in 2014.
The trade war between the United States and China began on July 6 with the notification of tariffs on $34 billion of traded goods on each side. Officials on the two sides of the Pacific are using different messages to convey the dispute. What are the real impacts likely to be?
BNP Paribas Wealth Management and the Women Initiative Foundation hold the 4th edition of the Women Entrepreneurs Program at Stanford Graduate School of Business from 8 to 13 July 2018
By 2040, millennials will be of age to take over positions of leadership in government, business and media. What are their views about security? What is important to them, the generation often referred to as “special snowflakes?”
Risks for serious tensions in the Arctic during the 2020 decade are likely to be overstated, according to a tabletop exercise conducted by RAND and RAND Europe with the Norwegian Institute of International Affairs. Considerable respect will probably continue to be shown for the international laws and institutions that provide some degree of governance to the region, participants said.
The EBRD is providing a financial package to Qatar National Bank Tunisia (QNB Tunisia), a commercial bank in Tunisia, to support the expansion of the local economy.
The EBRD is supporting the modernization of public transport in Ukraine with a loan of up to €13 million for the acquisition of up to 72 low-floor trolleybuses for the city of Mariupol.
Bangladesh is to receive a $20 million loan from an Asian Development Bank (ADB) Power System Efficiency Improvement Project together with an additional $25.44 million in grant financing to spur off-grid solar photo voltaic (SPV) pumping for agricultural irrigation.
Across much of Asia the monsoon rains have arrived. They bring cool relief as each drop of rain rejuvenates parched gardens, reviving the dry and dusty trees offering precious shade in our concrete mega cities.
The Asian Development Bank (ADB) and the Government of Thailand today signed a $99.4 million loan agreement to help the country upgrade 125 kilometers (km) of highways and improve road safety management in the country’s northeastern region.
The Asian Development Bank’s (ADB) Board of Directors has approved a $90 million loan to help Cambodia strengthen climate resilience and modernize the agriculture sector using advanced technologies.
The rich have many assets; the poor have only one—their labor. Because good jobs are slow to come to the poor, the poor must move to find productive employment.
The July NATO summit in Brussels could provide an opportunity to streamline NATO and the EU's new activities aimed at improving military mobility in the European theatre. It will also give NATO and EU leaders a chance to work together to address some of the major issues in military mobility today.
Autonomous vehicles such as those being tested by Google or Tesla will be one of the most important and disruptive technologies for the future of how people move, work, and live. But terrorist groups are tracking these developments closely, too.
Life is moving faster and faster. Just about everything—transportation, weapons, the flow of information—is accelerating. How will decision makers preserve our personal and national security in the face of hyper speed?
The security community is still reeling from the discoveries of the Meltdown and Spectre computer vulnerabilities, and now it seems that a rash of new hardware vulnerabilities called MasterKey, RyzenFall, Fallout, and Chimera have been found in the past few months, too.
The world's largest free market democracies have met annually at the summit level since 1975. President Trump has proposed that Russia should be included in future meetings.
What is social media's role in the decline of trust in the media? Is government intervention needed to help stop the spread of misinformation on these platforms? These questions were the focus of a recent RAND Corporation event in Boston on the connection between the media and Truth Decay.
The proliferation of electronic communication and electronic devices throughout modern society presents new challenges to the judicial system in protecting the right to a fair trial. Electronic communication, including texts, emails, blogs, social network posts
Transitioning from diesel buses to cleaner technologies can significantly contribute to tackling air pollution in cities and reducing the carbon footprint of urban transport. As alternatives to diesel are getting more and more viable, many governments and development partners are encouraging bus operators to make the switch, mostly by offering financial incentives such as example 1 or example 2.
Participation in global value chains (GVCs), the international fragmentation of production, can lead to increased job creation and economic growth.
Access to credit for individuals and for businesses is severely constrained in much of the developing world. Weak legal and regulatory frameworks for lending – combined with the lack of predictability for lenders, the inability to leverage productive assets, and the absence of credit information
Life Down Under got a lot hotter early this year as temperatures in southern Australia soared to over 46 degrees Celsius. The heat melted asphalt, severely stretched the country's power grid and killed hundreds of baby bats.
Under most climate change scenarios, temperatures are projected to increase.
The modern era of international trade is one of increasingly complex interactions between people, firms, and organizations. Supply chains cross countries and regions.
Lawmakers from India's main opposition Congress party and the Janata Dal (Secular) protest against India's ruling Bharatiya Janata Party (BJP) leader B.S. Yeddyurappa's swearing-in as Chief Minister of the southern state of Karnataka, in Bengaluru, India, May 17, 2018
The joint statement issued by the American and North Korean leaders after Tuesday's Singapore summit is a shorter and weaker version of promises made by Kim Jong Un's father and grandfather — and those made by the younger Kim to South Korean President Moon Jae-in less than two months ago.
Ferdinando Giugliano notices how the Italian president has been cast as an enemy of democracy after his refusal to accept a eurosckeptic finance minister, while the anti-establishment League and M5SFive Star parties
Hanoi, June 7, 2018: Vietnam’s electricity company Vietnam Electricity, or EVN, is one step closer to issuing US dollar bonds and strengthening its financing capacity, following an endorsement by Fitch Ratings of its credit profile.
Recent statements by U.S. leaders regarding the presumably-upcoming Singapore summit between President Trump and North Korea’s Kim Jong-un have led to a flurry of analogies between the present case and that of Muammar
However, since 2005, when the DSF was introduced, the economic environment in which many LICs operate changed significantly, resulting in potentially important gaps in the DSF. To cope with the evolving financing landscape, the DSF was reviewed on three occasions, most recently in 2012.
Georgia is now considered one of the world's best countries in ease of doing business. In the World Bank Group's Doing Business 2018, the country ranked ninth globally. It is also the fourth easiest place to start a business and the second-best jurisdiction at protecting the rights of minority investors.
If you live in the Cambridge area, it's likely that you will have seen yellow bikes dotted across the city in the past year.
Terrorism remains a contested term, with no set definition for the concept or broad agreement among academic experts on its usage.
Globally, an estimated 266 million people live and work outside their countries of origin to seek opportunities provided by economic globalization. About one-third of them are from Asia and the Pacific.
Air quality in Bishkek, the capital of the Kyrgyz Republic, is declining as more cars—among them many second-hand models from Europe, the US, and Japan—pour into the city.
MOSCOW, May 23, 2018 – Russia’s economic recovery continues, amidst relatively high oil prices, enhanced macroeconomic stability, gradual monetary loosening, and ongoing momentum in global economic growth, says the World Bank’s latest Russia Economic Report (no. 39 in the series)
The World Bank Group’s Pandemic Emergency Financing Facility (PEF) made its first-ever financial commitment, approving a $12 million grant towards the current Ebola response in the Democratic Republic of the Congo (DRC).
Overwhelming support for $13 billion Increase in Paid-in Capital to IBRD, IFC; Rebalanced Shareholding; Greater Efficiency and Effectiveness
Overwhelming support for $13 billion Increase in Paid-in Capital to IBRD, IFC; Rebalanced Shareholding; Greater Efficiency and Effectiveness
Wildlife tourism is a powerful tool countries can leverage to grow and diversify their economies while protecting their biodiversity and meeting several Sustainable Development Goals. It is also a way to engage tourists in wildlife conservation and inject money into local communities living closest to wildlife. Success stories and lessons learned from nature-based tourism are emerging from across the globe.
Do you have access to reliable electricity at home, at an affordable price? And how is the stove you use – is it an electric one, or does it rely on wood or coal, generating smoke every time you cook?
In many countries, girls’ average educational attainment remains lower than boys and adult women are less literate than men. Apart from these gender gaps in educational attainment, discrimination and social norms shape the terms of female labor force participation.
A recent Task & Purpose article mentions the “trusty” e-tool among various “vet-tested” gear items for peacetime hiking. Without making too much of a casual gear recommendation, it is worth asking if the just over two-pound e-tool (without case) is too much tool for a peacetime camping trip while considering its effectiveness as an actual wartime “entrenching” tool.
May 1, 2018 – Over the last decade, global banks have been tightening operations to comply with regulations designed to curtail money-laundering and terrorism-financing.
Disinformation and “fake news” happened long before the internet. You can trace the phenomenon back nearly 100 years, from the Nazi and Soviet propaganda machines of the 1930s to the emergence of “new journalism” in the 1960s and '70s that conveyed writers' subjective expressions and blurred the lines between fact and opinion.