News Agencies Feed :
FINANCE & ECONOMY
May 17, 2012
SECP signs MOU with Moroccan counterpart
The Securities and Exchange Commission of Pakistan (SECP) and its Moroccan counterpart, Conseil Deontologique des Valeurs Mobilieres (CDVM), have signed an MOU, paving the way for enhanced cooperation and information sharing between them.On the sidelines of the annual meeting of the International Organization of Securities Commissions (IOSCO) in Beijing,...
May 17, 2012
First DAF CF85 assembled in Morocco
The first locally assembled DAF CF85 came off the production line at CFAO Motors Maroc on Thursday 10 May 2012. This marks the start of the local assembly of DAF trucks by CFAO, which has been responsible for marketing and sales of DAF trucks in Morocco since 2005.CFAO Motors assembles two models of the popular DAF CF series in Morocco: a two-axle tractor...
May 17, 2012
Saham Finances to acquire majority stake in LIA Insurance
Morocco based Saham Finances has signed a deal with Bank Audi - Audi Saradar Group to buy 81% of the capital of LIA Insurance for an undisclosed amount.The deal is subject to customary closing conditions and concerned regulatory approvals, said the underwriter.
According to the terms of the agreement, both firms will co-operate each other to maintain...
May 17, 2012
Zurich to host Morocco incentive event
The Middle East and North Africa office of Zurich Insurance has appointed Dubai-based The Event Company to manage an incentive programme in Marrakech, Morocco.A team of 40 from Zurich, including employees and a number of their clients, will be attending the 29th General Arab Insurance Federation Conference, taking place from 21-23 May at the Palmeraie...
May 17, 2012
UAE Exchange opens new Bahrain branch
Leading global remittance and foreign exchange brand, UAE Exchange, has inaugurated its 11th branch in Bahrain, located on Exhibition Avenue."More branches mean more convenience to our customers," said UAE Exchange global operations chief operating officer, Y Sudhir Kumar Shetty.
"The opening is in line with our vision of being the trusted neighbourhood...
May 17, 2012
A'Saffa Foods continues ongoing community support strategy with sponsorship of the Alam and Amal open day in Muscat
The Alam and Amal organisation - which means "Pain and Hope" in English - was founded just over a year ago with the objective of supporting underprivileged families and helping them secure support from the Government in terms of housing, social security and other benefits.The Open Day was an event that provided a range of education and training advice...
May 17, 2012
Greater teamwork needed for implementing Nitaqat
Private sector employers in Saudi Arabia are struggling to keep up with the pace of reform as they grapple with the implementation of Nitaqat, global recruitment company Hay Group said in a report.The report noted that there is a need for greater alignment between stakeholders. "Everyone aspires for the same end result but different approaches leave...
May 17, 2012
Coca-Cola Launches Anywhere in the World the Coca-Cola Anthem for the London 2012 Olympic Games
“Sport is music in the way that it has so many different natural rhythms…when I was recording the athletes I wasn’t really thinking of them in terms of athletes performing a sport, I was thinking of them as people in an orchestra.”Mark Ronson
May 17, 2012
Wells Fargo’s International Group Names Shoar Hassan Regional Manager for Middle East and North Africa
The Wells Fargo International Group, part of Wells Fargo & Company (NYSE:WFC), announced that Shoar Hassan has joined its Global Financial Institutions (GFI) group as regional manager for Middle East and North Africa. Based in Dubai, Hassan reports to Dilek Mutus, head of Wells Fargo’s"...
May 17, 2012
A.M. Best Opens Office in the Dubai International Financial Centre
A.M. Best Co. is pleased to announce the opening of its new office in the Dubai International Finance Centre (DIFC) in Dubai, UAE. The new office, located in Tower 2, Currency House, DIFC, will operate as A.M. Best MENA, South & Central Asia, servicing clients throughout the region"...
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