| |  | | | | | | | |  | | | Russia sanctions and their effect on the Mena region | | | Seeing no immediate resolution to the Ukrainian crisis, the United States and the European Union toughen up their position on Russia. In their effort to enforce sanctions on the Russian state and economy, the West's position is directly targeting Russia's banking, defence and energy sectors. | | | | | | | | |  | | | Arabtec Q2 profits below expectations | | Arabtec fails to meet analysts' predictions for its second quarter performance, despite reporting growth of 11 per cent against the same period last year. According to Reuters analysts, Arabtec was on course to record profits of AED 111 million, whilst Bloomberg experts anticipated an even higher growth of AED 134 million.
| | | | | | | | |  | | Samsung suffers worst profits drop since 2012
| | | Samsung Electronics Co Ltd reported on Thursday an annual drop in profits by 24.6 per cent, prompting concerns its global standing is in decline.For April to June, Samsung have reported gains of $7.03 billion, of which $4.30 billion was generated from its mobile division, including its flagship Galaxy S5 phone. Nonetheless, Q2 represents a third consecutive decline in profits, which has fuelled fears that the Korean tech giant will struggle to return to its peak of early 2013. | | | | | | | |  | | | Dubai exchange to focus on EM currencies | | | Exclusive: Following the launch of Indian Rupee futures trading, the Dubai Gold Commodities Exchange will continue its Emerging Markets product strategy, DGCX chief executive Gary Anderson tells AMEInfo | | | Read more » |  | | | IMF approves $5 billion fiscal boost for Morocco | | | The International Monetary Fund (IMF) approves a $5 billion boost for Morocco this week as part of the Precautionary and Liquidity Line (PLL) strategy.The deal, which will focus on "further reducing fiscal and external vulnerabilities.. | | | Read more » | | | | | | | | |  | | Majid Al Futtaim profits up 14 per cent; attention turns to MENA expansion
| | | Dubai-based Majid Al-Futtaim's figures for H1 2014 reveal AED12.8 billion in revenue, up 14 per cent from the same period last year. Hospitality giant and developers of Mall of the Emirates in Dubai, Majid Al-Futtaim has achieved growth in each of its three business segments: retail, property and ventures. | | | | | | | | | | | | | | | | | |
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