Category Archives: News

Rolls-Royce Rolls in Best Year Ever

In 2014 Rolls-Royce, the uber-luxury car maker, sold 4,063 cars throughout the world, the highest number ever. In terms of growth rates RR says that they saw double digit growth in just about every region in which they sell cars. In North America sales were up by 30%; in the Middle East growth increased by… Continue Reading

WHO Declares MERS Not a PHEIC

WHO Declares MERS Not a PHEIC

After meeting for five hours in an emergency meeting the World Health Organization announced that the new deadly MERS (Middle East Respiratory Syndrome) virus is causing a “significant increase” in concern but does not yet qualify as a global public health emergency- Public Health Emergency of International Concern (PHEIC.) “The committee concluded that the conditions… Continue Reading

PepsiCo Announces New Presidential Appointment for MEA

PepsiCo Announces New Presidential Appointment for MEA

Omar Farid will be taking over as President of PepsiCo Middle East & Africa, the company announced this week. Farid will be reporting to Sanjeev Chadha, CEO of PepsiCo’s Asia, Middle East and Africa section. Farid’s previous position was as Senior Vice President and Business Unit General Manager of GCC Beverages at PepsiCo. In order… Continue Reading

Libyan Labor Unrest Delaying Oil Output

  OPEC member Libya, producer of 1.5 percent of global oil supplies, was unable to commit to deliveries of crude oil to its customers in September due to strikes by workers at their major ports. Oil production and supply continued normally until last June, but since then output has taken a nose dive, driving up… Continue Reading

Qatar Investment Firm Launching Mega IPO

A huge initial public offering will be presented in May for a multi-billion dollar investment company which was begun by Qatar at the beginning of 2013. Shares will be on offer to individuals, local companies and institutions. At the beginning of the century Qatar launched three giant primary issues for its own citizens, businesses and… Continue Reading

Aspect Software Appoints Sanjay Gupta to Lead Asian and Middle East Efforts

In order to strengthen its reach to Asia and the Middle East, Aspect Software appointed Sanjay Gupta as managing director for India, Middle East and SAARC (South Asian Association for Regional Cooperation.) One of the world’s leading providers of customer contact and enterprise workforce optimization, Aspect would like to extend its reach more successfully into… Continue Reading

VAT Rate Changes from Israel Tax Authority: Gidi Bar Zakai

In recent news, starting on September 1, 2012, the Israeli Tax Authority with Deputy Director Gidi Bar Zakai has said that the standard V.A.T. rate will increase. It will move from its current 16% rate to 17%. Certainly, this rate change is significant for large purchases. In addition, the government will increase some income tax… Continue Reading

Boston Consulting Firm Expanding Operations in Middle East

The Boston Consulting Group, an international management consulting company, announced the appointment of two of its own Principals to Partners. The move is part of BCG’s continued expansion into the Middle East market. The new partners, Hermann Riedl and Dr. Alexander Türpitz, have years of experience in Technology, Telecommunications, Media and the Public Sector  with… Continue Reading

Egypt Seeking $3.2 Billion in IMF Aid

Backtracking on their previous refusal of aid from the International Monetary Fund and the World Bank, Egypt requested $3.2 billion in loan money from the IMF on Monday. Egyptian officials decided that the money was essential to repair the Egyptian economy after a full year of political unrest which repelled tourists and investors alike. A… Continue Reading

Iran Enriching Uranium in Isolated Mountain Bunker

According to a spokeswoman for the International Atomic Energy Agency, it has been confirmed that Iran is now enriching uranium at a new location in a mountain bunker, a setting which is difficult to strike in an attack. “The IAEA can confirm that Iran has started the production of uranium enriched up to 20 percent…… Continue Reading