Ali Amer is the new managing director for Global Service Provider and Sales in the Middle East and Africa for technology company Cisco. His job will be to assist telecommunications service providers to change the experience of networks, businesses and customers’ experiences so they can better take advantage of the unique opportunities offered by the… Continue Reading
Tag Archives: MENA
Climate Change Could Force Millions to Flee Middle East
Researchers of the Max Planck Institute for Chemistry in Germany and the Cyprus Institute in Nicosia have found that limiting global warming to just 2 degrees Celsius will not be sufficient to prevent uninhabitable conditions from developing in the Middle East and North Africa. The 2-degree limit is the compromise target temperature that was reached… Continue Reading
China Telecom Expanding Business in Middle East and Africa
In order to take advantage of the growth potential in the under-served MENA sector, China Telecom opened an operating unit in the region which will control business there. The African and Middle Eastern-based China Telecom will manage their network and push for greater business development in the area. It will also oversee its local subsidiaries. … Continue Reading
Panasonic Boosting Middle East Market Share
Shinichi Wakita, managing director of Panasonic Marketing Middle East and Africa told reporters at the Gitex event in Dubai that the Japanese consumer electronics giant is aiming to double their penetration in the MENA market in the next few years. Wakita admitted that Panasonic has been facing fierce completion lately in this market, eating into… Continue Reading
Depressed Mubarak Awaits Trial
Depressed Mubarak Awaits Trial The former president of Egypt, Hosni Mubarak is depressed. In addition, according to Egypt’s official news agency, the man is physically weak and refuses to eat any solid food. His depression is probably at least somewhat fueled by the fact that later this week he will be standing trial for ordering… Continue Reading
UBS AG Hires Momdijan to Be Investment Banker for High Net-Worth Clients
The influential Swiss Bank UBS AG announced on Monday that the former banker of Crédit Agricole, the corporate and investment bank, Albert Momdijan is slated to take charge of UBS’s business with the mega-wealthy clients of the Middle East and Africa as of August 1st. Financial Advisor to the Mega Wealthy Momdijan was the… Continue Reading
IMF Says MENA Will Need $160 Billion In Coming 2 Years
The International Monetary Fund (IMF) prepared a report for the G8 summit which was held at the end of last week in Deauville, France which stated that the oil-importing nations in the MENA region (Middle East and North Africa) will need a boost of at least $160 billion of external funding to get them through… Continue Reading
European Bank Considering Expansion Into MENA
Despite the recent and ongoing turmoil in the Middle East and North Africa, the European Bank of Reconstruction and Development (EBRD) is considering expanding their business into the area. Bank Seeks Expansion into Middle East At present the bank supports projects in Eastern Europe and the former states of the Soviet Union, but yesterday they… Continue Reading