TransSys to Showcase Oracle Cloud Solutions at GITEX Technology Week 2016

Senior executives and experts from the company will meet with customers and share their regional success stories at GITEX 2016

Dubai, UAE, October 12, 2016: TransSys Solutions, a leading regional IT services and solution provider, announced its participation at the GITEX Technology Week 2016, to be held at the Dubai World Trade Center, from October 16-20, 2016. The company will be showcasing its cloud-based solutions and services portfolio that would offer significant value to organisations in the region.

With a primary focus on its Oracle Cloud solutions portfolio, TransSys will be highlighting its service offerings around Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS) solutions. TransSys has built PaaS for SaaS extensions across industry verticals to help clients quickly adopt to Oracle's Cloud platform, in addition to offering specific solution accelerators.

"GITEX is the region's premier ICT event and an ideal platform for TransSys to showcase itself as a regional services and solution provider helping companies across airlines, banks, insurance, retail, real estate, semi-government and telecom sectors, transform and transition their businesses to the cloud model," said Mr. Prabu Balasubramanyan, Executive Director, TransSys Solutions.

"With the global economic slowdown, most organisations are being forced to relook at their IT budgets and yet transform their business towards higher growth and profitability. Companies in the region are keen to gain a larger share of the benefits from driving digital transformation within their organisations. Leveraging different cloud deployment platforms would enable them to upscale their digital agenda, while lowering their capital expenditure. At GITEX 2016, we hope to share our experiences and successes with attendees on how we have helped organisations embark on their digital transformation journey using cloud technologies and platforms," said Mr. Stephen Fernandes, Executive Vice President, TransSys Solutions.

TransSys will showcase its solution offerings around Oracle's Cloud products and technologies and demonstrate how they have successfully helped organisations in the region transform their enterprise systems to ERP Cloud, HCM Cloud and Cx Cloud as well as Business Intelligence, Planning and Budgeting on Cloud. The company helps clients by understanding their business needs to embark on a digital transformation journey, leveraging Cloud as a Platform.

Transys helps clients transition to a cloud deployment model by enabling them to select the most appropriate cloud solution. It offers cloud solutions on SaaS, PaaS and IaaS across various functional areas viz. ERP, HCM, SCM, Cx and BI. This is in addition to providing Managed Services to its clients. The company also offers enterprise wide ERP mobility and HCM mobility to clients who want to provide their employees with access to their system anytime and from anywhere.

Transys will be exhibiting in Hall 5A, Stand WS 22 (Oracle Hall) as well as its client, Gulf Air, at New Zabeel Hall (SU-117-124).

Kempinski Residences Business Bay Luxury Show Apartments ready to impress visitors

Exquisite five-star serviced residences offers breathtaking views and state-of-the-art amenities

Dubai, UAE: Tamleek Real Estate Co. together with Gemstone Real Estate Development (Gemstone) today revealed the exquisite five-star serviced show apartments of the Kempinski Residences Business Bay.

The familiarization tour, led by Mr. Federico Tauber, CEO of Gemstone and Dr. Brian Etemad, Esq. CEO of Tamleek Real Estate Co. showcased life-sized studio, one bed and two bedroom, fully furnished show apartments offering a choice of three bespoke colour schemes catering to the tastes of most discerning customers.

Gemstone, the property development arm of Al Rajhi Holding Group, one of Saudi Arabia’s leading business houses with interests in real estate, building materials, contracting, infrastructure and industry have selected Tamleek Real Estate Co. as the exclusive agent to market and sell these luxury residences.

Mr. Federico Tauber, CEO of Gemstone, said: “Kempinski is an international five-star hotel and residences operator in business since 1897 with 25 years of regional experience providing unrivalled quality, proven reliability and undisputed value-added services. Our partnership with Tamleek Real Estate Co. is testimony of their solid reputation in selecting only the best properties available in the market, and boasting an enviable track record in luxury residence sales.”

Dr. Brian Etemad Esq. adds,“ Kempinski Residences Business Bay was designed to cater to patrons demanding high-end lifestyle and a property that can generate a reliable return on investment, supported by a timeless and dual-anchor features: Location & Quality. We anticipate solid investor response and thus invite discerning customers to the ready-to-visit show apartments offering them a realistic look and feel of the living space and the views they will enjoy.”

Due to its unique design and orientation, the Kempinski Residences Business Bay has in excess of 80% of its apartments boasting unobstructed views of Downtown Dubai and Business Bay canal and iconic landmarks such as Burj Khalifa, Design District and Meydan. The freehold property is equipped with state of the art living comforts such as branded kitchens and appliances, home automation, premium quality furniture, fixtures and fittings.

Amenities include five pools, three F&B outlets, a state of the art fitness centre, a luxury Spa, exclusive members club and a kids adventure land. Concierge and hotel services with 24/7 valet parking will be available to all guests and residents.

The three selected show apartment types are a reflection of what to expect in the final fully furnished apartments and form a sample of the depth of varied choices the property offers.

The show apartments are located at the Ground Floor of Regal Tower, Business Bay. Valet parking and personalized assistance is available to all visitors between 10am and 10pm.

"كمبينسكي ريزيدنسز بزنس باي" جاهز الآن لإبهار زواره  ن خلال شققه المعروضة الفاخرة   

مجموعة سكنية رائعة من فئة الخمس نجوم متكاملة الخدمات ومجهزة بأحدث المرافق   تمنحك إطلالات على مناظر خلابة   

دبي، الإمارت العربية المتحدة، 12 اكتوبر 2016: أعلنت كل من شركة تمليك العقارية وشركة جيمستون للتطوير العقاري (جيمستون) اليوم إزاحة الستار عن عرض شققها الفندقية الرائعة المتكاملة الخدمات من فئة الخمسة نجوم؛ "كمبينسكي ريزيدنسز بزنس باي".

حيث تم إطلاق الجولة التعريفية التي قادها كل من السيد فيديريكو توبر، الرئيس التنفيذي لشركة جيمستون والدكتور برايان اعتماد، الرئيس التنفيذي لشركة تمليك العقارية؛ من خلال قيامهما بعرض نماذج لشقق بالحجم الطبيعي تشتمل على استوديو وشقة بغرفة نوم واحدة وغرفتي نوم مفروشة بالكامل؛ توفر اختيارات لثلاثة طرازات لونية مصممة حسب الطلب وتلبي أذواق العملاء الأكثر تميزاً وخبرة في هذا القطاع.    

هذا حيث قامت شركة جيمستون للتطوير العقاري، ومقرها دبي، ذراع التطوير العقاري لمجموعة الراجحي القابضة؛ إحدى مؤسسات الأعمال الرائدة في المملكة العربية السعودية، والتي تعمل في مجالات العقارات ومواد البناء والمقاولات والبنية التحتية والصناعات؛ باختيار شركة تمليك العقارية كوكيل حصري لتسويق وبيع هذه الوحدات السكنية الفاخرة.

وفي هذا الشأن صرح السيد فيديريكو توبر، الرئيس التنفيذي لشركة جيمستون للتطوير العقاري: "تعمل كمبينسكي؛ باعتباره أحد المشغليين العالميين للفنادق والشقق الفندقية من فئة الخمس نجوم والذي يتواجد في هذا القطاع منذ عام 1897 مع خبرة تمتد منذ 25 عاماً في المنطقة؛ على تقديم جودة لا مثيل لها، وموثوقية مثبتة، وخدمات ذات قيمة مضافة راسخة و مؤكدة. فشراكتنا مع شركة تمليك العقارية تعتبر بمثابة شهادة على السمعة الراسخة فيما يتعلق باختيار أفضل الوحدات العقارية المتوفرة بالسوق فقط دون غيرها، مع تمتعها بسجل حافل في مجال المبيعات للوحدات السكنية الفاخرة."

فيما أضاف الدكتور برايان اعتماد، الرئيس التنفيذي لشركة تمليك العقارية؛ قائلاً " تم تصميم كمبينسكي ريزيدنسز  بزنس باي لتلبية احتياجات العملاء الذي يسعون إلى نمط حياة راقي وعقارات يمكنها توفير عائد موثوق على الاستثمار؛ مدعومة بعنصرين ثنائيين يناسبان جميع الأزمنة، وهما: الموقع والجودة. حيث نتوقع في هذا الإطار استجابة مؤكدة من قبل المستثمرين، وبالتالي فإننا ندعو عملاءنا من ذوي الخبرة المتميزة بالقطاع إلى العرض الخاص بالشقق الجاهزة للزيارة؛ من أجل تقديم نظرة وشعور واقعي بمساحات المعيشة والمناظر والإطلالات التي سيستمتعون بها حقاً.".

ونظرا لتصميمه وتوجهه الفريد من نوعه؛ فإن ما يزيد عن 80% من الشقق الخاصة بمشروع "كمبينسكي ريزيدنسز بزنس باي"  تتميز بإطلالة رائعة على منطقة داون تاون دبي و قناة الخليج التجاري، والمعالم البارزة لبرج خليفة و منطقة دبي للتصميم و منطقة ميدان. حيث تم تجهيز تلك الوحدات العقارية؛ التي تتمتع بأحقية التملك الحرّ؛ بأحدث وسائل الراحة المعيشية مثل المطابخ والأجهزة المنزلية ذات العلامات الشهيرة، والتشغيل الآلي للمنزل، مع الأثاث، والتجهيزات عالية الجودة.

وتشتمل المرافق ووسائل الراحة على خمسة مسابح ، ثلاثة مطاعم  للماكولات والمشروبات، مركز حديث للياقة البدنية، منتجع صحي فاخر، ونادي بعضوية حصرية، وأرض لألعاب الأطفال، هذا كما تتوفر الخدمة الفندقية وخدمات النزلاء والزوار مع خدمة صف للسيارات على مدار 24 ساعة طوال أيام الأسبوع؛ والتي ستكون متاحة لجميع الضيوف والمقيمين.

وتعتبر  الشقق الثلاثة المختارة والمعروضة بمثابة انعكاس لما يمكن توقعه في الشقق المفروشة في شكلها النهائي المتكامل، كما تشكل عينة لعمق الخيارات المتنوعة التي توفرها الوحدات العقارية بالمشروع.

يقع العرض الخاص للشقق في الطابق الأرضي من برج ريجال،  بمنطقة بيزنس باي، حيث تتوفر خدمة صف السيارات والمساعدة الشخصية المخصصة لجميع الزوار, بين الساعة 10:00 ص. حتى 10:00 مساءً.     

New study finds that a fund manager’s experience and performance do not always go hand in hand

Having more experience in the active management of investment funds does not guarantee better performance

New research shows that a fund manager’s experience does not necessarily produce better performance. The study was undertaken by Cass Business School and sponsored by Banco Inversis.

While many academic studies focus on the performance of actively managed funds, 'The performance of long-serving fund managers’ focuses on the performance the fund managers. The study looked at the performance of a sample of 360 individual US fund managers who had all managed the same fund for at least 10 years.

The study found that the average, net of fee, risk-adjusted performance of these managers over the ten years of our sample was attractive compared to similar values calculated for wider samples of the manager population. 

However, the study concludes that this result is probably a reflection of survivorship bias, since it finds little evidence of performance persistence from year to year among these managers, and evidence to suggest that the risk-adjusted performance of these experienced managers actually declined over the ten year study sample period, that is, a decline in performance as experience increases! 

But for those investors who would still prefer to invest with an experienced fund manager, the study also reveals certain key traits that are related to positive risk-adjusted performance of experienced managers, such as relatively low fund fees, more concentrated portfolios and a small cap style bias

Andrew Clare, Professor of Asset Management at Cass Business School, said:

“This report tackles a long-standing myth. Until now, the saying that ‘there is no substitute for experience’ has gone unchallenged in the world of asset management. With this analysis we can determine that this is not actually the case." 

You can download the complete study here.

AUC TO CELEBRATE THE INAUGURATION OF FRANCIS J. RICCIARDONE AS THE 12TH PRESIDENT OF THE UNIVERSITY

WHAT

The American University in Cairo (AUC) will celebrate the inauguration of Francis J. Ricciardone as the 12th president of the University on Monday, October 17; 12:00 pm at Bassily Auditorium, AUC New Cairo campus. The ceremony will be attended by senior Egyptian government officials; Egyptian and international dignitaries and businessmen; Egyptian and regional university presidents; members of AUC’s Board of Trustees (BOT); former AUC presidents and AUC faculty members, students and staff.

The inauguration ceremony will include a welcome speech by Richard Bartlett, chairman of the BOT; a speech by Ashraf El-Sheihy, Egyptian minister of higher education and scientific research; and an inaugural address by President Ricciardone. The ceremony will be concluded by the AUC song “We of AUC.” Following the formal inauguration, the campus community will join together for a celebration on Bartlett Plaza, featuring a variety of student performances, giveaways and light snacks, as well as a chance to greet the President. Performances will include folklore dances, and much more. For more details about the inauguration ceremony program, please visit http://www.aucegypt.edu/inauguration/inauguration-ceremony

On Sunday, October 16, several pre- inaugural activities “AUC UP Close” will take place on New Cairo campus from 10:00 am to 7:00 pm,  including panel discussions, campus tours, exhibitions and theater productions.

Two panel discussions will be held, one titled “AUC and the Liberal Arts: Education for Citizenship,” which  will explore the role of education in the 21st century and the preparation of engaged global citizens. Speakers are Ayman Ismail, assistant professor and Abdul Latif Jameel chair of Entrepreneurship, Department of Management, School of Business; Nagwa Megahed, associate professor, Graduate School of Education; Stephen Nimis, professor and chair, Department of English and Comparative Literature; Rania Siam, professor and chair, Department of Biology and Salma Tarek El-Sayed, AUC student. The panel will be moderated by Ted Purinton, associate professor and dean, Graduate School of Education, AUC.

The second panel titled, “Research that Reflects Innovation and Impact: Poverty Alleviation,” will discuss research and projects undertaken by AUC faculty to improve the quality of life for Egyptian people who live in poverty, whether in rural or urban areas. Speakers are  Mona Amer, associate professor, Department of Sociology, Anthropology, Psychology and Egyptology; Ali Awni, professor of practice, Department of Management; Hassan Azzazy, Professor, Department of Chemistry; Mohamed Salah El-Komi, assistant professor, Department of Economics; Ted Purinton, associate professor and dean, Graduate School of Education and Hoda Rashad, research professor and director, Social Research Center. The panel will be moderated by Tarek Shawki, senior strategic adviser to the AUC president for education and outreach; secretary-general, Presidential Specialized Councils in Egypt.

AUC Up Close will also include three exhibitions, including “Exploring the Rare Books and Special Collections Library: The Hidden Treasures,” “Azza Fahmy: Design Retrospective” and “Colorful Lure of India.” The “Exploring the Rare Books and Special Collections Library: The Hidden Treasures,” exhibition is a display of collections housed in the Rare Books and Special Collections Library, featuring new and lesser-known holdings. “Azza Fahmy: Design Retrospective,” is an exhibition of the original sketches, books and pictures showcasing the creative process behind the masterful work of Azza Fahmy, an internationally renowned Egyptian jewelry designer. The “Colorful Lure of India” is by Egyptian photographer Boulos Isaac, who is featuring a collection of photographs on the many facets of India’s culture, customs, and landscapes.

There will be three campus tours on that day. In the “Garden and Sustainability” tour, Richard Tutwiler, director of the Research Institute for a Sustainable Environment, will lead a tour of AUC’s gardens to discuss the foliage and highlight AUC’s contributions to Egypt’s sustainable environment. While in “A Walk on the Wild Side” tour Richard Hoath, senior instructor in the Department of Rhetoric and Composition and widely published naturalist, will lead a tour of AUC’s natural environment highlighting how it can be used as a teaching tool for issues ranging from ecology to Egyptology, and from travel writing to theater. Those who love architecture will have the chance to join “AUC Architecture” with Khaled Nassar, associate professor in the Department of Construction Engineering, who will lead a tour highlighting the design and structure of the campus and its relation to Egypt’s history.

In addition, students from AUC’s theater program will perform a collection of classical and contemporary monologues.

For detailed program please visit http://www.aucegypt.edu/inauguration/auc-up-close#panel

Transportation will be provided for media members on October 17 from AUC Tahrir Square campus to AUC New Cairo campus at 10:10 am and back at 1:30 pm.  

WHERE

Bassily Auditorium , AUC New Cairo

WHEN

Official Inauguration Ceremony: Monday, October 17, 2016; 12:00-1:00 PM. Doors will close 11:45 am

Pre-inaugural activities: Sunday, October 16, 2016; 10:00 am- 7:00 pm

DGCX Group welcomes ABN AMRO Clearing Bank N.V. As Clearing Member

Dubai, October 10, 2016: Dubai Gold and Commodities Exchange (DGCX) welcomed ABN AMRO Clearing Bank N.V. as a Special Clearing Member on Dubai Commodities Clearing Corporation (DCCC). DCCC is a wholly owned subsidiary of DGCX and acts as central counterparty for all trades executed on the Exchange.  ABN AMRO Clearing is a global leader in clearing and post-trade services and has a strong client base of active liquidity providers and principal trading groups. ABN AMRO Clearing consistently ranks among the top three clearers in every time zone, based on turnover and market share. As a Special Clearing Member, ABN AMRO Clearing's presence will expand and deepen access to DGCX, the Middle East's largest derivatives market. International trading firms and clients can now use the bank's global post-trade services to access DGCX. ABN AMRO Clearing's global footprint and leading service offering allows customers such as proprietary trading groups, hedge funds and algorithmic trading firms to stay globally competitive with low latency strategies. Gaurang Desai, CEO of DGCX Group, said, "We are excited to welcome ABN AMRO Clearing as a new clearing member, as this will further augment our client base and widen participation to DGCX's diverse product range. ABN AMRO Clearing is a global leader in clearing services and its addition to the DGCX community further demonstrates our ability to offer a platform for international banks to expand and build their global footprint in this region. As the largest derivatives exchange in MENA with full fledged CCP operations, DGCX Group is well poised to offer global clients, secured settlements and capital efficiency, thereby helping them safeguard against potential counter-party risks." DGCX is the only Exchange in the region to offer local clearing house facilities; by acting as the seller to every futures contract bought and the buyer to every futures contract sold, thereby guaranteeing settlement. DCCC is the first CCP in the region to tie up with Euroclear and Clearstream to provide efficient collateral management solutions. This along with ABN AMRO Clearing's signature collateral solutions with cross-margining benefits across various liquidity venues further improves the scale and liquidity for clients wanting to access key emerging market venues via DGCX. "We are pleased to be live on the DGCX offering clearing services and see it as an important link in our global offering.  Our broad client base of liquidity providers will now be able to take advantage of our correlated risk tools for optimising collateral in a new jurisdiction and be able to bring the DGCX's suite of products into their global portfolios", says Martin Frewer, global director PTG at ABN AMRO Clearing. Clearing and financing over 16 million trades per day, ABN AMRO Clearing covers 90 of the world's leading exchanges across Europe, the Americas and Asia Pacific. Our international network provides comprehensive market access to exchange-listed instruments such as stocks, futures and options. It also covers non-exchange listed investment instruments and alternative products including bonds, OTC derivatives, warrants, forex, forwards and energy and commodities.