Arab-Brazilian Chamber of Commerce bringing seven Brazilian companies to Big 5 trade show in Dubai

Companies set to introduce novelties in construction during trade fair starting November 5

Dubai, October 31, 2012 – The Arab-Brazilian Chamber of Commerce together with the Brazilian Trade and Investment Promotion Agency (Apex) are bringing seven companies to the construction sector trade show, Big 5, in Dubai, United Arab Emirates, from November 5 to 8. The companies will showcase everything from construction machinery and ornamental rocks to sanitary ware and locks.

“Of great regional importance, the fair attracts buyers, investors and representatives from construction sites in the Arab countries, particularly Saudi Arabia, Oman, Kuwait, Qatar, Jordan and Bahrain. It is an excellent opportunity for Brazilian entrepreneurs interested in expanding their business in this sector,” explains the Director-General of the Arab-Brazilian Chamber of Commerce, Michel Alaby.

At the Brazilian stand, visitors could check out the latest products of the companies Astra, of bathroom accessories; Deca, of ceramic and metal sanitary ware; Menegotti, of construction machinery; Pado of padlocks and locks; Tramontina, of stainless steel sinks and washbasins; Pettrus Mineração, of ornamental rocks and Universo Tintas, of paints and varnishes.

Tramontina, for example, is participating for the second time at Big 5. “We realized that the trade show is a good platform to build contacts, as it attracts visitors from various countries in the region. Therefore, we decided to participate again,” states Lucia Dendena, exports manager. Besides Tramontina, companies such as Deca, Pado and Menegotti have also participated in previous editions of Big 5.

Every year, the trade show consolidates the Arab Chamber’s role with Brazilian entrepreneurs. “In 2011, we reached about 2,500 businessmen throughout the Gulf region and countries in Africa, Asia and Europe,” says Alaby. In the last edition, the participating Brazilian companies made business deals worth approximately US$ 7 million.

Last year, Brazil exported to the Arab world US$ 40.93 million in construction materials, a 51 per cent increase compared to 2010, when sales reached US$ 27.15 million. The highlights were iron or steel bars (with an increase of over 1000 per cent) and pipes and accessories, with an increase of 69 per cent.

Since its creation, the Arab-Brazilian Chamber of Commerce has participated in the last nine years of the Big 5 and has introduced more than 100 companies to the Arab market.

Globe Express Services (Overseas Group) Appoints Michael C. Hughes President and CEO

Addition of global business veteran key to next phase of growth


October 31, 2012


Globe Express Services ® (Overseas Group), one of the world’s top 100 global logistics providers with a market presence in over 80 countries, proudly announces that its Board of Directors has appointed Michael C. Hughes as President, Chief Executive Officer, and a member of the Board of Directors, effective December 1, 2012. Current CEO Ziad Korban will remain an active Board Member and Owner.Upon joining GES, Mr. Hughes will work closely with the Board and his leadership team to conduct a strategic review process and identify the best approaches for growth. His primary focus will be to optimize the company’s core business with a goal of transforming GES into a global logistics leader with a winning corporate culture. GES will consider a wide range of strategic options to best facilitate this transformation."Michael brings a wealth of experience gained over 35 years of working with growth-oriented companies,” commented Bahaa Al Hariri, Chairman of Globe Express Services, “enabling those companies to achieve a higher level of performance through acquisition and integration, IT enabled transformation, risk management and good governance, and greater efficiencies in their global processes. He is uniquely qualified to lead the next stage of growth for our company, and we feel fortunate to add someone of Mike's caliber to our organization. We wish him all the best in his new role."As I begin my first 100 days,” Mr. Hughes said, “I will focus on learning the strengths of GES, its business model, meeting our people, listening to the voices of our key customers, assessing our capabilities and understanding our best opportunities to excel in customer service. With these things in mind and with the input of our entire leadership team, we will start to formulate a target operating model and a new path for growth for our company. Great people, great technology, a winning culture and a reward system aligned to shareholder value and our customers’ needs are foundational to achieving our aspirations. I look forward to growing GES, both organically and through acquisitions, into a Top 30 global logistics leader, building a One Company-One Team winning culture, and making GES a Great Place to Work.”Mr. Hughes most recently served as National Leader for the Food, Drink and Consumer Goods sector at KPMG, where he was responsible for managing the firm's most important global clients in that sector, including PepsiCo, ADM, Cargill, Colgate Palmolive, General Mills, Nestle, Kimberly Clark, P&G, The Coca-Cola Company, Unilever, L'Oreal, SAB Miller, Mars, Conagra and Whirlpool. In addition, he was the Global Lead Partner for Kraft Foods and Johnson Controls, overseeing global Audit, Tax and Management Consulting services. During his 14 year career with KPMG, which he joined as a direct entry Partner, Mr. Hughes held many key leadership roles such as Region Manager Chicago, Risk and Compliance Service Line Leader, and National Partner - Consumer Markets. Prior to joining KPMG, he spent 23 years as a senior finance executive with The Coca-Cola Company in positions of increasing responsibility. Mr. Hughes holds a BS degree from The Richard Stockton College of New Jersey and an MBA from Emory University in Atlanta.

Fawaz A. Alhokair & Co. Second Quarter Net Profits Increase to Record
SAR 252.4 Million

Cairo, 29thof October, 2012. Saudi fashion retail giant Fawaz A. Alhokair and Co (SJSC), saw its second quarter net profits ended 30 September 2012 rise to a record SAR 252.4 million, an increase of 25% compared to the same period last year, and an increase of 108.7% compared to the first quarter of 2012. The earnings reflect an increase of 30.4% in gross profits and an operating profit increase of 24.8% compared to the same period last year.


Alhokair manages some of the best-known brands in the Kingdom, including Zara, Marks & Spencer, Gap, Aldo, The Children’s Place, Lasenza had earlier this year increased its number of stores and the brands it carries through its acquisition of Nesk Group for Trading Projects LLC. The acquisition added more than 120 retail shops to Alhokair’s existing network of over 1,200 stores. The purchase also added to the Alhokair brand portfolio modern and trendy fashion concepts including Mango, Stradivarius, Gerry Weber, Okaidi, Obaibi, Women’s Secret, IKKS, BLU, Origen, Tiffosi, and Oui, significantly contributing to the expansion of the retail giant’s fashion retail footprint.


In addition to its expansion, the second quarter profits increase was influenced by the seasonal factor of the vibrant sales during the holy month of Ramadan. Net profit for the half year ended September 2012 was SAR 373.3 million, and contributed to Earning Per Share (EPS) of SAR 5.33, compared to SAR 4.05 for the same period last year. Operating profits for the period reached SAR 375.07 million, an increase of 26.9% compared to the same period last year SAR 295.5 million.


Commenting on the results, Fawaz A. Alhokair and Co, CEO Simon Marshall said: “Our expansion strategy across brand acquisitions and new store introductions has allowed us to keep our offerings to our customers up to date with the latest fashions. We continue to provide an unparalleled shopping experience across our outlets.”

The period also saw the application of the direct cost method by calculating the gross after deducting all stores’ direct costs, as well as expansion in the Armenian market with 25 international brands.

Alhokair retail franchise activities operate over 70 international fashion brands through over 1,200 fashion stores, 9 countries and employs over 7,000 employees.

نسبة أرباح فواز عبدالعزيز الحكير وشركاه تسجل رقما قياسيا بـ 252.4 مليون ريال سعودي

القاهرة – 29 أكتوبر 2012 : شهد عملاق أزياء التجزئة في المملكة العربية السعودية ، فواز عبدالعزيز الحكير وشركاه، إرتفاعاَ ملحوظاً في صافي أرباح الربع الثاني المنتهي في 30 سبتمبر 2012 والتي سجلت 252.4 مليون ريال سعودي أي ما يعادل زيادة بنسبة 25 % مقارنة مع الفترة نفسها العام الماضي، وزيادة بنسبة 108.7 بالمائة مقارنة مع نتائج الربع الأول لعام 2012. وتعكس الأرباح زيادة قدرها 30.4٪ في الأرباح الإجمالية وزيادة في الأرباح التشغيلية بنسبة 24.8٪ مقارنة بالفترة نفسها من العام الماضي.


شهدت الحكير والتي تملك أهم الماركات والأسماء العالمية في عالم الأزياء في السوق السعودي منها زارا؛ ماركس أند سبنسر؛ غاب؛ ألدو؛ ذا شيلدرينز بلايس؛ لا سينزا؛ زيادة في عدد فروعها المنتشرة في أنحاء المملكة من خلال إستحواذها على مجموعة نسك للمشاريع التجارية. وساهمت عملية الإستحواذ بزيادة 120 محل تجاري إلى رصيد الحكير والتي تتألف شبكته من 1200 محل. كما ساهمت عملية الإستحواذ بتوسيع محفظة العلامات التجارية الحديثة والأنيقة والتي تضمنت مانغو؛ ستراديفاريوس؛ غيري ويبر، أوكايدي، أوبايبي ومانس سيكريت؛ إي ك ك س؛ بلو؛ أوريجون؛ تيفوسي؛ ووي؛ مما ساهم في توسع الشركة و تأكيد بصمتها في تجارة أزياء التجزئة.


بالإضافة الى التوسع الذي شهدته الشركة، كان للعامل الموسمي أثره على المبيعات خلال شهر رمضان المبارك الأمر الذي أسهم بتحقيق نتائج أرباح الربع الثاني. وقدر الربح الصافي لنهاية العام في سبتمبر 2012 بـ 373.3 مليون ريال سعودي مما ساهم في تحقيق عوائد وصلت إلى 5.33 ريال سعودي للسهم مقابل 4.05 ريال سعودي للسهم في الفترة نفسها العام الماضي. وحققت الأرباح التشغيلية لهذه الفترة 375.07 مليون ريال سعودي أي زيادة بنسبة 26.9 % مقارنة مع الفترة السابقة والتي بلغت في العام الماضي 295.5 مليون ريال سعودي.


وتعليقا على النتائج، قال السيد سيمون مارشال، المدير التنفيذي في الحكير، "إن خطتنا التوسعية من خلال عملية الإستحواذ على الماركات والمحال الجديدة ساعدت في تقديم كل ماهو جديد لعملائنا في عالم الموضة والأزياء وإستمراريتنا في تقديم أفضل تجربة تسوق لعملائنا من خلال محالنا وفروعنا".

وشهدت الفترة الماضية تطبيق الحكير لقاعدة التكلفة المباشرة عن طريق حساب المبلغ الإجمالي بعد خصم تكلفة المحلات المباشرة.

وكانت شركة الحكير قد أطلقت مؤخراً أعمالها في أرمينيا حيث تم إطلاق 25 ماركة عالمية وبالتالي وصل مجموع الماركات العالمية التي تسوقها الحكير إلى 70 ماركة تباع في 1200 محل أزياء في 9 دول وتوظف أكثر من 7000 موظف.

EMEA Finance Awards Arab Bank with Best FX and Cash Management services in the Middle East

Cairo, Egypt 24th of October 2012: Arab Bank was recently recognized by the international banking publication, EMEA Finance with Best Foreign Exchange and Best Cash Management services awards in the Middle East for 2012. These recognitions are part of EMEA Finance’s Transaction Banking awards recognizing excellence in this field.

EMEA Finance considers various performance and structural factors when it comes to choosing the winners, such as market share and growth, innovation and corporate strategy. These awards also take into account the results of an online survey of corporate treasury teams across the region.


Mr. Nemeh Sabbagh, CEO of Arab Bank commented, “Arab Bank’s extensive global network of over 600 branches in 30 countries positions us as the leaders in cross-border services and at the same time allows corporate customers to leverage our network for their growing business needs." Mr. Sabbagh added, “This award is a testament to our ongoing commitment to provide the highest standards in corporate banking services in the region.”


Ms. Nadya Talhouni, Senior Vice President- Head of Cash Management and Trade Finance at Arab Bank also added, “Arab Bank’s cash management offering includes an extensive product suite that enables our customers to effectively manage their liquidity and payment needs. We have placed special focus on our cash management offering to ensure that we provide comprehensive solutions and drive our customer’s business forward.” Ms. Talhouni concluded, “Being recognized for our FX services also reinforces the entire cash management proposition at Arab Bank, which is tailor-made to each customer with the ultimate goal of empowering them to effectively manage their business.”


These latest awards for Arab Bank complement many other recognitions received throughout the year, including Best Trade Finance Provider in the MENA region and Best Arranger for Project and Infrastructure Finance in the Middle East by Global Finance magazine. Arab Bank was also named Best Bank and Best Investment Bank in Jordan for the 4th consecutive year by EMEA Finance.

مجلة EMEA المالية تمنح البنك العربي لقبي أفضل بنك في خدمات العملات الأجنبية وخدمات إدارة النقد في منطقة الشرق الأوسط

مصر – القاهرة 24أكتوبر2012:حصل البنك العربي مؤخراً من مجلة EMEA المالية العالمية على لقبي أفضل بنك في مجال خدمات العملات الأجنبية و أفضل بنك في مجال خدمات إدارة النقد في منطقة الشرق الأوسط للعام 2012.  وتأتي هذه الجوائز كجزء من الجوائز المقدمة من مجلة EMEA المالية للتعاملات المصرفية تكريماً للأعمال المصرفية المميزة على هذا الصعيد.

وتراعي EMEA عدداً من معايير الأداء والعوامل التنظيمية عند اختيار الفائزين من بينها:  الحصة السوقية و النمو والإبتكار  بالإضافة إلى الاستراتيجية المؤسسية  ،  كما وتأخذ بعين الاعتبار أيضاً نتائج استطلاع الرأي عبر الانترنت لفرق إدارة الخزينة في المنطقة.

وفي تعليقه على الفوز بهذه الجوائز، قال السيد نعمة صباغ، المدير العام التنفيذي للبنك العربي: "يتمتع البنك العربي بشبكة فروع تضم أكثر  من 600 فرع منتشرة في 30 دولة، الأمر الذي يضع البنك في موقع ريادي على صعيد  تقديم الخدمات المصرفية عبر الدول والمناطق مما يتيح لعملائنا في قطاع  الشركات الاستفادة من شبكة فروعنا الواسعة لتلبية احتياجات أعمالهم المتنامية." وأضاف السيد صباغ: "تؤكد هذه الجائزة على التزام البنك بتقديم أعلى معايير الخدمات المصرفية للشركات في المنطقة."

بدورها  قالت الآنسة ناديا التلهوني, نائب رئيس أول – مديرة إدارة النقد والتمويل التجاري في البنك العربي: " تشمل خدمات إدارة النقد من البنك العربي مجموعة واسعة من المنتجات التي تمكن عملاءنا في قطاع الشركات من إدارة احتياجاتهم المالية بصورة أكثر فعالية كإدارة السيولة والمدفوعات. حيث يولي البنك تركيزاً كبيراً على مجال خدمات حلول إدارة النقد من أجل المساهمة بتقدم ونمو وازدهار أعمال عملائنا." واختتمت الآنسة التلهوني بالقول: " كما ويعزز حصولنا على جائزة خدمات العملات الأجنبية من مكانة البنك في مجال خدمات إدارة النقد، والتي صممت خصيصاً كي تلائم  احتياجات كل عميل بهدف تمكين عملائنا من إدارة أعمالهم بفاعلية".    

هذا وقد تلقى البنك العربي العديد من الجوائز الأخرى خلال العام، من بينها أفضل بنك لتمويل المشاريع و البنى التحتية في منطقة الشرق الأوسط من المجلة العالمية غلوبال فاينانس (Global Finance)، كما و حصل البنك  على لقب أفضل بنك و لقب أفضل بنك استثماري في الأردن للسنة الرابعة على التوالي من مجلة EMEA المالية.

Al Hilal Bank, Burjeel Hospital offer free screening as part of Breast Cancer Awareness Campaign in Abu Dhabi

Breast cancer accounts for 28 per cent of female deaths in the UAE

October 24, 2012

Al Hilal Bank, in collaboration with the Burjeel Hospital, has launched a “Breast Cancer Awareness Campaign” that will deploy a mobile mammography unit in different parts of Abu Dhabi to provide free check up for ladies from October 24 to 28, 2012. Breast cancer is the most common type of cancer ailment in the UAE, accounting for 28 per cent of female deaths in the country, according to statistics from the Abu Dhabi Health Authority.

The campaign, which is being organized as part of Al Hilal Bank’s corporate social responsibility (CSR) program, underlines the company’s continuing thrust to support various initiatives that benefit its clients and the greater society. The mobile mammography unit to be used in the campaign is owned and operated by Burjeel Hospital. More than 3,300 screenings have already been conducted in the unit since it was inaugurated in 2010.

“Al Hilal Bank is fully committed to support civic-oriented initiatives and find suitable solutions to the most pressing challenges in the communities we serve. Our sponsorship of the mobile mammography unit for the Breast Cancer Awareness Campaign reflects this genuine concern given that breast cancer is the most common type of cancer in the UAE. Moreover, it helps establish the true character of Al Hilal Bank as a value-driven institution that cares for its customers and the community. We are therefore excited with this new project as we look forward to generating greater awareness about preventive measures against breast cancer and ultimately helping save more lives,” said AVP, Public Relation & Corporate Communication, Al Hilal Bank.


Dr. Shamsheer Vayalil, Managing Director, Burjeel Hospital, said: “It has been our strategy to partner with reputable organizations to create greater impact and reach out to more people with the Breast Cancer Awareness Campaign. We are therefore pleased that Al Hilal Bank has shown strong interest in this project and has agreed to be its sponsor. The participation and contributions of our strategic partners such as Al Hilal Bank will be crucial in the success of this campaign.”

Although breast cancer is the most common type of cancer in the UAE, there is a high chance of survival if it is diagnosed early. However, around 80 per cent of cases in the Middle East are diagnosed during the advanced stages of the cancer when odds of survival are no longer as high. The Breast Cancer Awareness Campaign aims to generate awareness about the importance of regular breast screening as a key preventive measure against breast cancer.

Al Hilal Bank (www.alhilalbank.ae) is owned in full by the Abu Dhabi Investment Council, which is the investment authority of the Government of Abu Dhabi. It has 22 branches strategically located across the United Arab Emirates as well as 3 other branches in major cities of Kazakhstan.

Burjeel Hospital is Abu Dhabi’s premier private healthcare facility providing world-class, specialized and superior healthcare complemented by a warm and personalized human touch to the growing population of the emirate of Abu Dhabi. The hospital opened for patients in April 2012 as a Tertiary hospital under the auspices of the Health Authority for Abu Dhabi.

Globe Express Services (Overseas Group) joins key personalities in the region to discuss ‘excellence in logistics operations’

October 23, 2012

Globe Express Services (Overseas Group), one of the world’s top 100 global logistics providers, has announced that it will share best practices and key industry insights during a panel discussion on “Achieving Excellence in Logistics Operations”, which will be held on October 23 at Grosvenor House, Dubai. Mustapha Kawam, Managing Director of Globe Express Services (Overseas Group), will serve as one of the speakers of the panel discussion, which will be hosted by Oscar Wendel of Logistics ME magazine and will be attended by key personalities in the regional industry to discuss strategies to increase productivity and efficiency in the supply chain.


Mustapha Kawam said: “Globe Express Services is strongly committed to support the continued growth and development of the region’s logistics industry. In this regard, we have made substantial investments in state-of-the-art infrastructure, best practices and the most competent logistics professionals to maintain the highest level of excellence in our core services. The upcoming panel discussion serves as an excellent venue to share our experiences and offer insights on various ways to overcome emerging challenges and take advantage of exciting opportunities to increase efficiency and productivity, and ultimately boost profitability in the logistics industry.”

ICSC and MECSC to Host RECon MENA 2012

NEW YORK, October 23, 2012 –Commercial development is on the rise in the Middle East and North African region, these once untapped markets are now booming and retailers are not hesitating to expand their brand’s reach into this region. RECon MENA, the only conference developed by shopping center professionals for shopping center professionals, will once again be held by the International Council of Shopping Centers (ICSC) and Middle East Council of Shopping Centers (MECSC). This power packed conference will take place November 11-13, 2012 at The Westin Dubai Mina Seyahi, Dubai, United Arab Emirates. [Editor’s note: please visit the RECon MENA website for full conference details.]



A series of pre-conference workshops will kick-off this event, attendees will be able to select from three different topics. The first workshop, “Negotiating Techniques for Shopping Centre Professionals,” will be led by John-David W. Franklin, SCLS, senior vice president, director of client relationship management, Madison Marquette Retail Group. The second workshop will feature ideas surrounding the theme, “Social Media Boot Camp: Effective Digital and Social Networking Strategies,” presented by professor Dr. Filipa Fernandes, head of strategy, research and innovation, SES Spar European Shopping Centres. Nathalie Kleinschmit, founder, Globe Ease will lead the third workshop, “Customer Care: From Promise to Practice.”



A series of educational events, panel discussions, and concurrent sessions will take place throughout the duration of the conference. These sessions are held by key industry leaders who are considered experts in their fields. Events are aimed to foster the sharing of experiences, provide an opportunity to analyse current trends, and provide time for networking.



A Retailers Runway will showcase the business models of international retailers who will share their potential expansion plans. Company’s who will present include; Chessecake Factory, Neck & Neck, Pandora, and Superdry. A sneak preview of up and coming new brands will be provided by; M.H. Alshaya Co., LLC., Garretts, Pei Wei, IHOP, and Meatballs.



An informative session, “Showcase: Future Retail Projects in the MENA Region” will provide an overview of upcoming developments. This session will be led by Shane Eldstrom, CSM, CLS, director of real estate and development, Retail Arabia International.



Be inspired after listening to representatives from home grown regional brands that were able to turn their retail concept into a success. The following professionals will share their experiences; Muwaffaq M. Jamal, CEO, Azizia Panda United; Eng. Rami Abu Ghazaleh, CEO, Al Baik Food Systems; Hosam A. Alqurashi, senior director of marketing and external affairs, Alnahdi Medical Company; and Fadi Malas, CEO, Just Falafel.



On November 12th, the MENA Shopping Centre Awards Ceremony and Gala will take place. This event will honor the premier examples of shopping centres in the categories of marketing, design and development, and retail store design. Shopping centre owners, developers, management companies, architects, designers, and retailers will be honored at this awards ceremony.



Registration fees for RECon MENA are $799 USD (2,935 AED) for MECSC/ICSC members, and $1,199 USD (4,400 AED) for non-members. To register, contact ICSC’s Members Services Department at 646-728-3800, or register online.

EastNets to discuss mechanisms for better ‘False Positive’ rates at SIBOS 2012

October 23, 2012

EastNets, a leading provider of global compliance and payment solutions and services, will discuss how to achieve better ‘False Positive’ detection rates in the course of preventing financial fraud at SIBOS 2012, the upcoming latest edition of the world’s premier financial services event.

Financial institutions use various detection strategies to identify suspicious transactions as they ramp up efforts to comply with a host of regulatory requirements. Unfortunately, aggressive anti-money laundering (AML) schemes can also lead to unacceptably high levels of False Positives –the incorrect identification of legitimate transactions as threats.


EastNets will discuss how financial institutions can optimize the use of available False Positive Reduction mechanisms and regularly tune their AML systems during a special Open Theatre presentation titled ‘False Positive Reduction Mechanisms: Put an end to the Nightmare.’ Nasser J. Sweileh, Senior Product Manager - Compliance at EastNets, will deliver the presentation during SIBOS 2012’ opening day.


“In line with the SIBOS theme, EastNets will show how more efficient financial solutions can help expedite the recovery of mature economies and sustain growth in emerging markets. Sure, given today’s stringent regulatory environments financial institutions need to ensure that their systems can easily detect dubious activity. However, this should not be achieved at the cost of excessively disrupting operational flow. By adopting effective False Positive Reduction mechanisms and regularly enhancing their AML systems, institutions can achieve acceptable rates of False Positives as they comply with risk regulations,” said Hazem Mulhim, CEO, EastNets.


SIBOS, the annual banking and financial conference held by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), will run from October 29 to November 1, 2012 at the Intex Centre in Osaka, Japan this year. EastNets will be conducting demonstrations at Booth No. 3B20 of the venue. More information is available at http://www.sibos.com.

UAE logistics market to exceed USD 10 billion in 2015, sustaining 8 per cent CAGR from 2009

Barloworld Logistics’ capabilities leveraged by clients to align supply chain strategy with business goals for competitive advantage

UAE imports from 2007 to 2011 register 12 per cent CAGR, while exports grow by 33 per cent

October 22, 2012


Barloworld Logistics, a leading provider of logistics and supply chain management solutions, recently revealed that it is considering several small acquisitions to further strengthen its expertise and provide clients with smart supply chain solutions. This, as the company’s capabilities are being leveraged by clients to align their supply chain strategy with their business goals to achieve a competitive advantage. Barloworld Logistics further revealed that the GCC region will remain central to its growth initiatives, particularly the UAE’s logistics market, which is expected to sustain a compound annual growth rate (CAGR) of 8 per cent to reach USD 10.06 billion by 2015 from just USD 6.35 billion in 2009, according to a Frost & Sullivan report.


Barloworld Logistics stressed that rapid market growth and large-scale investments in the UAE’s logistics sector as well as in other GCC states underline the important role of this key industry in realizing the economic diversification program being adopted by different countries in the region. Barloworld Logistics currently offers the full breadth of logistics services and specialized competencies, delivering strategic support to clients in the UAE and across the GCC.


Frank Courtney, Barloworld Logistics Chief Executive for EMEA region, said: “Supply chain management plays a crucial role in the sustained economic growth of the UAE, as an increasing number of investors are taking advantage of the country’s advanced logistics infrastructure and strategic location. Key international players are therefore keenly monitoring the UAE’s capability to handle future demand and ultimately ensure the safe and efficient flow of goods in and out of the country. We are also witnessing similar developments happening in other GCC countries, which are likewise taking advantage of the region’s strategic location to serve as a major logistics hub. In this regard, Barloworld Logistics is strongly positioned to support the continuing drive to bolster the status of the UAE and the rest of the GCC to serve key players in the global logistics industry, capitalizing on our experience and expanding international presence in Africa, Europe, the Middle East, Southeast Asia and the Far East.”


The UAE has consistently maintained its status as a key logistics hub in the GCC with the country’s growing import and export volumes. From 2007 to 2011, imports in the UAE sustained a CAGR of 12 per cent, while the export market grew by 33 per cent, or twice the rate of imports, according to Dun & Bradsheet. The re-export market also expanded by 13 per cent during the same period, underlining the critical importance of the country as a strategic trade link to markets in the GCC, Indian Subcontinent, Commonwealth of Independent States (CIS) countries and African countries.


“The supply chain and logistics sector now accounts for a significant percentage of the UAE’s GDP, which is a strong indication of the possibilities and long-term growth opportunities emerging in this sector. Barloworld Logistics’ strategic investments in recent years have certainly given us a strong head start as we enter a new era of growth and development in the supply chain and logistics sector,” added Courtney.

AESG First Company in Middle East to Provide Consultancy for New ISO 50001 Energy Management Standard in Partnership with Vincotte

DUBAI, United Arab Emirates- 22 October 2012- AESG, a leading energy and sustainability consultancy in the Middle East, today announced that it has signed an agreement with Vincotte, a global leader in management systems, to jointly provide consultancy and implementation services for the new ISO 50001 Standard for Energy Management. The partnership enables the companies to be among the first in the region to offer services for the new ISO standards, with clients benefiting from the combined expertise in both the technical and management systems aspects of energy management.


AESG has seen an increasing environmental awareness in the Middle East and believes the ISO standard will greatly help organizations achieve their sustainability goals. “The ISO 50001 Standard is something we truly believe in, since at its core it is a robust tool for managing energy costs. It provides direct and tangible benefits to companies trying to reduce operational expenses,” said Saeed Alabbar, Director at AESG.


“The partnership between AESG and Vincotte was an easy decision for both firms as our organizations are very much aligned in their philosophies of delivering exceptional quality to the Clients. We look forward to working together, not only to assist our clients in reducing their energy bills, but also to bring down the carbon footprint of the region.”


ISO 50001 is based on the ISO management system model and is compatible with the ISO 9001 Standard for Quality Management and ISO 14001 Standard for Environmental Management, both of which are already widely followed in the Middle East. It provides a ‘Plan-Do-Check-Act’ process framework for organizations of all types, be it public sector, governmental, large enterprises, or SME businesses across all industry verticals, to drive down energy consumption and subsequently lower costs. Through adoption of the standard, organizations can stand to significantly reduce their energy consumption.


“Vincotte has long been providing organizations across the globe with the assistance they require to achieve industry standards such as those specified by ISO. The key to our success in the Middle East has been our technical expertise and emphasis on quality of service. AESG has built a name for itself on these same values and we believe that this partnership will help us provide the greatest benefit to our clients,” said Wael Kamal, General Manager of Vincotte International Middle East.

AMAN Insurance holds successful ‘Wellness Day’ for its employees

CSR event held in cooperation with Amity Health

October 22, 2012


Dubai Islamic Insurance and Reinsurance Company (AMAN), a major Islamic Insurance provider in the UAE, organized a wellness day for their employees yesterday (October 21, 2012) at the company’s premises. The event was held in cooperation with Amity Health, a new generation third party administrator offering integrated risk management and administration. AMAN employees were able to avail free medical screenings like eye tests and dental check ups and were also able to obtain discounted rates on spa and wellness treatments. Partners for the event included Al Garhoud Private Hospital, Al Jaber Optical, Dr. Nicholas and Partners and the Balance Spa and Café.


“We are very pleased with the successful turnout of this special Wellness Day,” said Hussein Al Meeza, CEO and Managing Director, AMAN Insurance. “At AMAN, we strongly value and appreciate the commitment and dedication exerted by our employees and events like this is our way of saying thank you to them. We would like to thank our partners like Amity Health, the medical specialists that came and also to our employees, who are the key drivers to AMAN’s continued success.”


“We are very happy to have been a part of this important event for AMAN Insurance. The company’s move to watch and care for the welfare of its employees, particularly concerning their health, is truly commendable. True enough, both Amity and AMAN share the common vision of providing ‘more care and less risk.’ We thank AMAN for making us a part of this truly noteworthy endeavour,” concluded Mike Collier, CEO, Amity Health.

Brazilian food exports to Arab world exceed USD 6.6 billion from January to August 2012

Arab-Brazilian Chamber of Commerce report shows KSA, Egypt, UAE are biggest markets of Brazilian food products in MENA region

October 21, 2012

Brazilian food exports to the Arab world has reached over USD 6.6 billion from January to August 2012 with the Kingdom of Saudi Arabia, Egypt and the UAE emerging as the top markets in the region, according to a new report released by the Arab-Brazilian Chamber of Commerce. Brazilian exports to KSA reached over USD 1.5 billion during the period, while exports to the UAE were valued at over USD 930 million. The Egyptian market recorded the biggest jump with exports totaling over USD 1.2 billion, representing a 28.8 per cent increase over the same period in 2011.


According to the Arab-Brazilian Chamber of Commerce, Brazilian exports of meat of bovine animals (frozen) accounted for the biggest increase with an export value of over USD 554 million, up by nearly 45 per cent from the same period in 2011. Cane or beet sugar and chemically pure sucrose (solid form) are Brazil’s top export products to Arab countries with a combined value of nearly USD 2.5 billion, followed by meat and edible offal of poultry (fresh, chilled or frozen) with a combined value of nearly USD 1.8 billion. Corn (maize) is another important export product as export value increased by more than 73 per cent, reaching over USD 554 million from just USD 294.9 million in 2011.


Michel Alaby, Director-General of the Arab-Brazilian Chamber of Commerce, said: “The Arab world continues to be an important destination for Brazilian food exports as the region’s consistently strong demand creates lucrative growth opportunities for Brazilian food companies. The increasing volume of Brazilian food exports in the region reaffirms the healthy trade relations between the two parties. Moreover, with Brazilian food companies strongly adhering to halal standards and other quality regulations being adopted in key markets across the region, we expect export volumes to continue to rise and serve as a rallying point for long-term trade and economic cooperation. The initiatives undertaken by the Arab-Brazilian Chamber of Commerce have been key factors in further expanding trade activities between Brazil and the Arab world. We will therefore continue to explore more innovative ways to cultivate a stronger alliance among Brazilian exporters and their counterparts in the MENA region.”

Al Ansari Exchange extends support to Philippines flood victims through AED 100,000 donation

21 October, 2012

In line with its Corporate Social Responsibility (CSR) agenda, Al Ansari Exchange a leading Foreign Exchange and worldwide remittance company in the UAE, has donated AED 100,000 to a relief agency following the recent devastating floods in the Philippines that forced more than 780,000 people across the country to leave their homes.


H.E. Grace Relucio-Princesa, Philippine Ambassador to the UAE, said: “The Philippine Embassy, on behalf of the Philippine Government appreciates the donation made by Al Ansari Exchange which will contribute greatly to the Philippines’ rehabilitation and disaster preparation efforts. This generous gesture is an expression of its care for its Filipino employees, their families, and Filipinos in general.”


Rashed Ali Al Ansari, General Manager, Al Ansari Exchange, said, “The recent floods in the Philippines have completely disrupted normal life in most parts of the country, with thousands of people left homeless. As a socially responsible corporate entity, Al Ansari Exchange is keen on extending our help and support to the people of the Philippines in this time of need. We will continue to coordinate with relief agencies to assess the situation and offer more assistance if required.”

Epicor Completes Acquisition of Solarsoft Business Systems; Reports Preliminary Fiscal 2012 Financial Results

Combined Annual Revenue Approaching $1 Billion with Solarsoft; Strong Revenue and Synergy Execution Drive approximately 14% Year-Over-Year Adjusted EBITDA Growth



Dubai, United Arab Emirates, October 21, 2012 -- Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations, recently announced that it has completed its previously announced acquisition of Solarsoft Business Systems. Epicor also announced preliminary financial results for its fiscal 2012 full year ended on September 30.

Epicor completed its acquisition of Solarsoft Business Systems for $155 million which was funded with cash on hand and a draw on an existing revolving credit facility of $69 million. As previously stated in the news release “Epicor to Acquire Solarsoft Business Systems,” issued recently, the acquisition of Solarsoft extends Epicor’s position as a leading provider of complete end-to-end enterprise business solutions for discrete manufacturing and distribution and wholesale management solutions in key vertical industries including lumber and building materials, automotive, and print and packaging. Jefferies & Company, Inc. acted as sole financial advisor to Epicor Software Corporation.

“This acquisition strengthens our leadership in the manufacturing and distribution segments worldwide,” said Pervez Qureshi, CEO and president of Epicor. “The addition of Solarsoft extends our innovative software offerings to a broader range of customers and industries—from automotive parts to packaging to life sciences, from food and beverage to electrical components to lumber and building materials. These solutions, which enable customers to monitor business and boost operating efficiency, are well aligned to Epicor offerings. We are pleased to have completed this acquisition slightly ahead of schedule and excited to begin the process of integrating Solarsoft with Epicor.”

Epicor also announced that based on its preliminary financial data, the Company expects total revenue for fiscal 2012 to be in the range of $866 to $870 million, compared to fiscal 2011 pro forma total revenue of $847 million, an increase of 2-3% from fiscal 2011. The Company expects Adjusted EBITDA to be in the range of $220 to $222 million for fiscal 2012 representing a 14% increase over the prior year Pro Forma Adjusted EBITDA of $194 million which was driven by increased revenue, as well as synergies achieved from the 2011 merger of Activant and Epicor. The Company expects the net loss for fiscal year 2012 to range from $36 million to $42 million as compared to a net loss of $56 million from Inception to September 30, 2011. In addition, the Company expects net debt to be approximately $1.2B as of September 30, 2012, yielding a net leverage ratio of approximately 5.4x.

Americas revenues grew approximately 4% in fiscal 2012 as compared to the prior year, with solid performance in both high-end Retail and ERP while low-end Retail continues to be challenged from weakness in the construction and housing markets. International revenues declined approximately 2%, however, Asia Pacific grew significantly year over year offset by a decline in EMEA due to the ongoing challenging economy. Next-generation Epicor ERP (formerly Epicor 9) revenue growth was in line with the overall business, and is expected to accelerate in fiscal 2013. Lastly, maintenance revenues grew steadily with renewal rates stable in the mid-90%.

Based on Solarsoft’s financial results, Epicor expects to achieve additional annual revenues of $85 million and EBITDA of $25 million from Solarsoft, which includes $3 million of expected synergies from the acquisition. On a pro forma combined company basis, fiscal 2012 revenues including Solarsoft would have been $953 million, Adjusted EBITDA would have been $246 million and net leverage would have been 5.5x.2

“Despite the challenging economic environment, particularly in Europe, we believe our strong performance in fiscal 2012 demonstrates that our product offerings continue to gain market share,” said Qureshi. “We continue to expand the reach of our enterprise business solutions for manufacturers, distributors, retailers and service organizations globally, selling into more markets than ever before, and as a result sales pipelines are strong. Epicor’s growth is driven by our deep understanding of the industries we serve and clear focus on customer satisfaction that drives business inspiration and innovation. Our recently launched ‘Business Inspired’ brand and messaging fully supports our customer-centric focus and core values—to deliver solutions and services that increase customer productivity and efficiency, freeing them to focus on growth and differentiation and inspiring new possibilities for their businesses.”

All results should be considered preliminary pending Epicor’s filing of its annual report on Form 10-K. Epicor is also scheduled to host a conference call in mid-December to discuss its fiscal 2012 fourth quarter and full year financial results. A news release will be distributed at a later date with further information and call details.

The 2011 Epicor financial data included in this news release is presented as if the Epicor and Activant combination had occurred on October 1, 2010 without the effect of purchase accounting adjustments. Please see “Non-GAAP Financial Measures” below for further information.


2 Expected pro forma figures using middle of the fiscal 2012 Adjusted EBITDA range.

Globe Express Services (Overseas Group) expands Saudi Arabia operations with opening of Terminal Yard in Dammam

New facility provides direct access to Arabian Gulf, complementing existing logistics facilities in Jeddah and Riyadh

October 20, 2012

Globe Express Services (Overseas Group), one of the world’s top 100 global logistics providers, has announced the opening of its Dammam Terminal Yard, a 23,000 sqm facility that includes an open storage area, warehouses, and office buildings that will house the Dammam Branch management and the Transportation Division. While GES (Overseas Group) has had an office in Dammam since 1995, the new terminal yard, which is strategically located at the Dammam Sea Port Zone on the Arabian Gulf, complements the company’s existing facilities in Jeddah on the Red Sea and in Riyadh serving KSA’s Central Region, enabling the company to offer smooth handling for all import and export of sea freight shipments in KSA.


GES (Overseas Group) invested over USD 2 million for the construction of the Dammam Terminal Yard, while nearly USD 3 million was spent to increase the company’s fleet of trucks and trailers and to acquire new handling equipment. Over the past four years GES (Overseas Group) has also expanded its staff strength from 75 to 205 to support the company’s ongoing expansion drive in the Kingdom.


Key development projects such as the King Abdullah Economic City are driving the long-term expansion plans of GES (Overseas Group) in KSA. King Abdullah Economic City will serve as the future hub for at least 2,700 manufacturing companies, while it will also include a 13.8 square kilometer port that will emerge as one of the world’s top five largest industrial ports.


Ziad Korban, CEO of Globe Express (Overseas Group), said: “Aggressive investments in large-scale projects are being undertaken by the KSA Government to diversify its economy, a trend that has helped establish the Saudi market as a very important area for exports and imports. Moreover, the government has been actively cultivating the growth of the logistics sector by introducing new polices, incentives, regulations and infrastructure, creating excellent opportunities for Globe Express Services (Overseas Group) to grow and expand in the country. The completion of the Dammam Terminal Yard reinforces our commitment to support the growth initiatives of the KSA Government, particularly in strengthening the Kingdom’s reputation as a strategically important logistics hub in the region. With our facilities in Dammam, Jeddah and Riyadh, we are capitalizing on our strategic locations on the eastern and western fronts and the central region of KSA to provide comprehensive logistics support to our regional and international clientele.”


Globe Express Services (Overseas Group) has also recently completed an AED 35 million development project consisting of an industrial warehouse and accompanying office in Dubai’s Jebel Ali Free Zone. The Jebel Ali warehouse offers warehousing and packing services as well as specialty handling and lifecycle management services.


Globe Express Services (Overseas Group) specializes in out-of-gauge services, which is a core offering of the company’s Project Logistics and Management portfolio. In Logistics and Compliance Consulting, Globe Express Logistics offers its expertise in creative warehouse design, distribution, supply chain execution and material handling solutions for leading retail, wholesale, and consumer product manufacturing companies. Globe Express’ consultancy services also cover selection and implementation of supply chain execution software, including warehouse management systems, asset management systems, transportation management systems, yard management systems and labor management systems.

Dubai Business Women Council and Lombard Odier to host forum on consumption in emerging markets

October 16, 2012
Dubai Business Women Council (DBWC) has announced that it has teamed up with Lombard Odier Investment Managers (LOIM), part of the Swiss private banking group Lombard Odier, to jointly organise a forum titled ‘Emerging Consumers – Rising consumption in emerging markets and agriculture’ on October 17, 2012, at the Park Hyatt Hotel, Dubai.


The forum, which will be attended by several DBWC members and senior representatives from Lombard Odier Investment Managers, will feature a presentation by Didier Rabattu, Senior Portfolio Manager, LOIM. Rabattu will shed light on the changing global consumption patterns and how emerging markets are seeing a steady increase in consumption.


Raja Al Gurg, President, Dubai Business Women Council, said, “The strong economic growth in emerging markets in recent years has significantly boosted annual consumption in these countries, which creates both, new challenges and opportunities. Investing in sustainable agribusiness will be a priority in the years ahead, which will be highlighted during the upcoming forum that we are pleased to jointly organise with Lombard Odier Investment Managers.”


Didier Rabattu is a banking industry veteran having previously worked as a partner with Amber Capital and the portfolio manager of its ARC fund, a hedge fund focused on agriculture, retail and consumers. He has also held top management positions with Talaris Capital and Deutsche Bank.



Founded in 2002, DBWC motivates women to be productive members of the society, while encouraging role models to rise up from the ranks and inspire other women around the world, especially in the Arab region, to discover their true potential. DBWC organises the high-profile monthly event ‘Network Majlis’ to provide information about the latest knowledge, skills and best practices for women entrepreneurs and leaders.

SecureMisr and Federation of Egyptian Banks hosts ‘Information Security in Banking Sector’ conference

Strategic event tackles significant role of IT security across Egypt’s banking and finance segment

October 15, 2012

SecureMisr, a leading specialized information security company for the Middle East, today (October 15, 2012) hosted the ‘Information Security Conference in Banking Sector,’ an annual event that highlights the importance of online security in the banking and finance segment, at the Four Seasons Hotel in Cairo, Egypt. The event, which is being held in cooperation with the Federation of Egyptian Banks (FEB), a non-profit independent entity that is composed of all Egyptian banks as well as branches of foreign banks operating in the country, aimed at targeting the participation of the Egyptian banking segment with its feature and showcase of topics and issues concerning challenges of the Information Security industry.


‘Information Security in Banking Sector’ featured Dr. Taher Elgamal, known the world over as the Father of SSL, as this year's keynote speaker. Dr. Elgamal talked about the threats and landscape of Egypt’s banking and finance segment. Abdel Hamid Soliman, President of the Technology Committee of the FEB, delivered the welcome address during the event’s opening ceremonies. Other speakers featured in the exciting one-day event included;

Dr. Sheriff El Kassas, ‘Cloud security and managed security services: Challenges and opportunities’

Carol Wodbury, ‘Five tips for attaining and maintaining compliance with your security policy’

Rania El Rouby, ‘Aligning information security and business objectives’

Sheriff Shaltout, ‘Compliance’


“Egypt’s banking and finance segment has demonstrated key growth over the last few years. However, the need to implement key solutions in information security is a vital step that the sector has to take in order to address challenges like attacks and security breaches,’ said Dr. Elgamal, Ph.D., CEO, First Information Security (FIS). “This year’s edition of the annual ‘Information Security in Banking Sector’ serves as a strategic platform to discuss the security challenges across Egypt’s banking and finance sector. Participants were able to learn more about the significant role that online security services and products play in the move to protect banks and financial institutions.”


Recent industry reports have revealed that IT spending across the finance vertical in the Middle East and African (MEA) region reached USD 7.5 billion in 2011, reflecting a Year-on-Year (YoY) increase of 5.8 per cent. Industry experts say that IT spending will continue to grow in the next four years at a compounded annual growth rate (CAGR) of 9.7 per cent--reaching an expected USD 10.86 billion in 2015. A large majority of IT spending in the vertical came from the hardware and services sectors, which accounted for 41.6 per cent and 41.4 per cent respectively. The report also names Egypt, Morocco, Saudi Arabia and Qatar as the fastest growing markets in the region in the next few years. Branch network expansion, along with the increased adoption of mobile and Internet banking have been pegged as major drivers of IT spending in the finance vertical along with regulatory changes and increasing security threats. Banks are also overhauling their IT systems to enable better customer servicing through business intelligence and single customer view.


“The emergence of cloud computing security and managed security services represents many challenges and opportunities for various industries, particularly the banking and finance segment. This event proved to be a perfect venue to meet with representatives from the finance industry and discuss the latest trends and issues and help them come up with viable solutions to protect and secure their data and operations.” concluded Dr. El Kassas, Chief Technology Officer (CTO) for the joint venture, SecureMisr.


Sponsors for the ‘Information Security in Banking Sector’ conference included Skyview Partners Inc. (Gold Sponsor), a US-based company specializing in IBMi and AIX security compliance automation solutions and the SANS Institute (Lunch Sponsor), The world’s most trusted source for Information Security Training, Certification and Research.

Islamic bonds benefit from non-oil infrastructure spending 

Islamic bonds appear to be all over the news these days as Middle East corporate banking entities, businesses, governments and investors all vie with each other to grab a piece of the action. The rise in popularity of the bonds – or sukuk – comes at a time when some of the largest oil producing countries in the MENA (Middle East and North Africa) region are looking to diversify away from their reliance on crude oil revenues.



Saudi Arabia is the largest oil producer in the world and is in the middle of a mind-boggling $514 billion infrastructure expansion program which is expected to help its non-oil industries expand 6.5 per cent in 2012, according to IMF figures. The pace of the expansion is the second-fastest in the six-nation Gulf Cooperation Council after Qatar. Issuers Almarai Co., the Kingdom’s biggest publicly traded food producer, and Saudi Hollandi Bank have both announced plans to sell Islamic bonds. This year alone has seen a total of $8 billion of Islamic bonds sold in Saudi Arabia, a record and more than in any other Arab country.



Across the region as a whole, bond sales this year have amounted to some $30 billion. According to ratings agency Standard & Poor's (S&P), the $1 trillion global Islamic finance industry is expected to grow 20% by 2015, doubling in size over the period. Stuart Anderson, Managing Director & Regional Head, Middle East at Standard & Poor's believes the global crisis faced by conventional finance has led to Islamic Finance increasingly being viewed as a credible alternative. He said, “Issuers and investors have realised that the risk-reward balance in both conventional and Islamic Finance are not fundamentally different.” Islamic Finance growth is currently led by countries in the GCC and Asia, says " S&P", which represent half of the global industry. Young, fast-growing Muslim populations; robust macroeconomic environments; and large infrastructure projects that require financing are the main drivers of this increasing growth. Malaysia leads the global industry while Saudi Arabia leads in the GCC.



Over the last few years, the industry has taken major strides to achieve a broader consensus on Islamic banking structures. Mr Anderson added, “We have also seen stronger and more active support from domestic authorities, particularly through the creation of regulatory and tax frameworks, ensuring a level playing field between conventional and Islamic instruments.” A key development expected to drive globalisation and expansion of Islamic banking outside Asia and the GCC is the increasing attractiveness of sukuk among global investors. At a time when conventional banks appetite for term loans is declining, S&P believes that sukuk could become a key funding source. Sukuk issuance looks set to cross the $100 billion threshold in September 2012, and is projected by S&P to grow 25% over 2012-2015 to reach about $200 billion a year in 2015. Malaysia, Indonesia, and the GCC are expected to account for a combined 85%-90% of issuance mainly to finance infrastructure-related projects. Sukuk (the singular is sakk, a legal instrument or deed) is an Arabic word commonly used to refer to the Islamic equivalent of bonds. Such bonds are structured to comply with Islamic law, which prohibits the charging or paying of interest.

Al Ramz awarded for key participation in Dubai Financial Market’s Summer Training Program

Leading brokerage house mentors students on trade principles & operations

October 14, 2012

Al Ramz Securities, one of the UAE’s leading brokerage houses, has been honored by Dubai Financial Market (DFM) as an outstanding contributor to the Dubai-based stock exchange’s Summer Training Program held in July 2012.

Al Ramz was honored in an awards ceremony held by DFM which handed out plaques of appreciation to brokerage firms that mentored student candidates under the successful training program. For five straight business days, Al Ramz educated students assigned by DFM on principles of brokerage operations and services, including the opening of new accounts, archiving, client relations, electronic trading, payment and settlement, and market technical analysis.

“It is important to enlighten young minds on the importance of our profession and how they can participate in the dynamic field of stock trading. DFM’s Summer Training Program is an important initiative for bringing the public, especially young students, closer to our industry. It is also a good platform for enhancing the role of students in society and exposing them to practical environments that help hone their skills. We thank DFM for their recognition and look forward to collaborating with them on more of such worthwhile projects,” said Mohammad Al Mortada Al Dandashi, Partner and Managing Director, Al Ramz Securities.

Al Ramz is a member of the DFM where it has consistently ranked among the exchange’s top brokerages. In 2012 YTD Al Ramz was ranked first at the DFM in terms of market share.

The Abu Dhabi –based brokerage house provides retail and institutional services via branches in Abu Dhabi, Dubai, Al Ain. It also participates in the Abu Dhabi Securities Exchange (ADX) and Nasdaq Dubai. Over the past few years it has been expanding its workforce, operations, credentials and customer base despite regional and global challenges.

Al Ramz is the first UAE-based brokerage company licensed by the Emirates Securities and Commodities Authority to provide advisory services for customers. The Authority has authorized Al Ramz to provide trading and brokerage services outside the UAE as well.

Intersec 2013 set to cross 1000-exhibitor mark

With over 70% of space already taken up with four months left for the event, organisers of Intersec 2013 have their sights set on reaching the 1,000 exhibitor milestone. The region’s largest and most representative trade platform for safety, security and policing is expected to be 10% larger than the previous edition.


According to Epoc Messe Frankfurt, organisers of Intersec 2013, the continuing growth of the event can be put down to the burgeoning safety and security industry worldwide and the ongoing support of local authorities such as Dubai Police, Dubai Police Academy and UAE Civil Defence. These factors have made Intersec the region’s leading trade exhibition in the security, safety and protection industries.


Mr. Ahmed Pauwels, Chief Executive Officer, Epoc Messe Frankfurt, organiser of Intersec, stated: “We have strategically aligned the exhibition and conference with the perceived needs of the region’s security, safety and protection industries. The growth of the Dubai edition reflects the regional marketplace and we will continue to explore avenues which will help to further cement Intersec’s position as the leading trade fair of its kind for this industry.”


Intersec is divided into four vertical sections, namely Fire & Rescue, Safety & Health, Homeland Security & Policing and Commercial & Information Security. The Fire & Rescue section covers products and services within fire prevention & protection, firefighting equipment, emergency alarm & warning systems and rescue equipment. Already confirmed for the next edition include: Tyco Fire, SFFECO, Naffco, Bristol Fire, Underwriter Laboratories, Siemens and Honeywell Fire, to name a few.


The Commercial Security and Information Security section covers control & surveillance equipment, access control, monitoring & recording systems, and information security. Confirmed exhibitors for 2013 in this section include: Axis, Flir, Hikvision, Honeywell Security, Infinova, Lenel, Norbain, Panasonic, Samsung, Sony, Tyco Security.


The Safety & Health section covers Personal Protection Equipment (PPE), environmental protection at work, safety at work equipment and health at work. Confirmed exhibitors within this section include: Allsafe, Ansell, Draeger Safety, Honeywell Life Safety, MSA and Scott to name a few.


Finally, within the Homeland Security & Policing section, which more than doubled for the 2012 edition Dubai Police and Dubai Police Academy have already confirmed their participation. The sector focuses on electronics, laboratory equipment and forensic science, logistics support equipment, mine clearance/bomb disposal, optics, physical security & detection.


The Homeland Security section has been further enhanced to include perimeter security and surveillance products as well as an increased focus on aviation security. Avon, Eastimage, Kaba, Streit Armored Cars, Proytecsa, Mezcal Security, Ulgen, Elektral, Turnstar, Prometal and Proximex, are amongst some of the exhibitors already confirmed for Intersec 2013 within the Homeland Security section.



Also running alongside Intersec is a growing number of fringe events and features. The 2013 edition will feature the 4th edition of the UAE Firefighters Challenge (formerly UAE FireFit Championships) which will see countries from the GCC and Europe compete in a range of tasks simulating real to life fire rescue experiences.


The 2013 conference series will feature: a Fire Safety Forum; the 2nd Global Network Conference on Emergency Medicine, supported by the European Society for Emergency Medicine (EuSEM) specifically targeted towards emergency physicians, nurses and technicians; and a Forum for Fire Safety in the Petrochemical sector.


Intersec is part of Messe Frankfurt’s global network of security trade fairs which also include Secutech India, Secutech in Taiwan, Secutech Thailand, Intersec Buenos Aires, Secutech Vietnam and Seguriexpo Buenos Aires.

GBI CEO Ahmed Mekky Makes Global Telecoms Business Power 100 List

Appointment reflects impact of GBI’s carrier-neutral business model and high capacity offering

AL Doha- Cairo, October 9th, 2012: Ahmed Mekky, Co-Founder, Board Member and CEO of Gulf Bridge International (GBI), has been listed amongst Global Telecoms Business Power 100 list of industry leaders and influencers. The GBI cable network went live earlier this year as the highest capacity and most geographically comprehensive in the MENA region, and the first within the region operated on a carrier-neutral business model.

“From a sketch on a napkin, to a network underpinning development of a burgeoning knowledge economy, GBI’s journey over the past three years has been truly remarkable,” said Mr. Mekky. “In a region run by consortiums, and without a more sophisticated – yet secure - ringed system, many said our vision could not be accomplished. Making it to this list reflects the success of our vision and underlines our continuing mission to bring industry-leading, carrier-neutral capacity to the Middle East.”

Activated in February, GBI is offering additional much needed capacity on the first Gulf network ever built in a ring configuration, with routing onwards to Europe, Africa and Asia. Most importantly, as the region’s first carrier-neutral operator, it is offering this secure capacity to any operator or ISP.. This means new operators can more easily break into the market, and existing operators can diversify their routing.

Outside of GBI, Mr. Mekky plays an active role in the global telecoms industry. He is the co-chair of the SAMENA Subsea Working Group, and a member of the Board of Governors of the Pacific Telecommunications Council (PTC)

In Egypt, Mr. Mekky was recently appointed to the board of the Information Technology Industry Development Agency, ITIDA, which is the executive IT arm of the Ministry of Communications and Information Technology, MCIT. He is also on the Board of the Italian Egyptian Business Council which is a not-for-profit, non-governmental organization formed to facilitate and develop economic relations between Italy and Egypt

الرئيس التنفيذي لشركة جلف بريدج إنترناشونال أحمد مكي على قائمة 

"أقوى 100 شخصية في قطاع الإتصالات العالمية"

الإنجاز يعكس مدى تأثير نموذج أعمال جلف بريدج إنترناشونال وعروضها المميزة 

الدوحة- القاهرة، 10 أكتوبر 2012: أعلنت شركة جلف بريدج إنترناشونال عن خبر إدراج اسم أحمد مكي، المؤسس المشارك وعضو مجلس الإدارة والرئيس التنفيذي لشركة جلف بريدج إنترناشونال، ضمن قائمة أقوى 100 شخصية في قطاع الاتصالات العالمية التي تتضمن نخبة من قيادات القطاع والشخصيات المؤثرة. 

وكانت شركة جلف بريدج إنترناشونال قد قامت في وقت سابق هذا العام بتدشين شبكة كابلات الألياف الضوئية الخاصة بها، باعتبارها أفضل شبكة من حيث القدرات والأكثر حضوراً على الصعيد الجغرافي في منطقة الشرق الأوسط وشمال أفريقيا، والأولى في المنطقة التي تعمل وفق نموذج عمل محايد تجاه شركات الاتصالات.

وقال السيد مكي: "من مخطط على ورق إلى شبكة تدعم التنمية الاقتصادية المبنية على المعرفة، كانت رحلة جلف بريدج إنترناشونال على مدى السنوات الثلاث الماضية متميزة بالفعل. وفي هذه المنطقة التي تدار أغلب شبكاتها من خلال تحالفات المشغلين ، وبنظام أكثر تطوراً وأماناً، اعتقد الكثيرون في البداية بعدم إمكانية تحقيق رؤيتنا. غير أن التصنيف ضمن هذه القائمة يعكس نجاح رؤيتنا ويؤكد مهمتنا المتواصلة من أجل تحقيق قدرات رائدة في القطاع، وتكريس منهج محايد تجاه شركات الاتصالات في الشرق الأوسط."

وقد تم تفعيل شبكة جلف بريدج إنترناشونال في فبراير الماضي، وتقدم الشركة سعات الإتصال على أول شبكة في الخليج تأخذ شكل حلقة تتصل بشكل كامل مع أوروبا وإفريقيا وآسيا. والأهم من ذلك، وبوصفها المشغل الأول في المنطقة المحايد تجاه جميع مشغلي الاتصالات، تقدم الشركة هذه الخدمات والسعات الآمنة لأية مؤسسة في المنطقة، ويعني ذلك أن المشغلين الجدد يمكنهم دخول السوق بسهولة أكبر، كما يمكن للمشغلين الحاليين من تنويع مسارات الربط الخاصة بهم.

وخارج نطاق جلف بريدج إنترناشونال، يقوم السيد مكي بدور فاعل في قطاع الاتصالات العالمي، حيث يشغل منصب الرئيس المشارك لمجموعة سامينا للأعمال، وعضو مجلس أمناء لمجلس الاتصالات الباسيفيكي (PTC).

وفي مصر، تم تعيين السيد مكي مؤخراً في مجلس أمناء وكالة تنمية قطاع تكنولوجيا المعلومات، ITIDA، والذي يعد الذراع التنفيذي لتكنولوجيا الاتصالات في وزارة الاتصالات وتكنولوجيا المعلومات. وهو أيضا عضو في مجلس إدارة مجلس الأعمال المصري الإيطالي، وهي منظمة غير حكومية وغير ربحية شكلت لتسهيل وتطوير العلاقات الاقتصادية بين مصر وإيطاليا.