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KEF Company opens HQ in DIFC

The KEF Company, the latest venture of UAE-based industrialist Faizal E. Kottikollon, opened its corporate head office at the Dubai International Financial Center, or DIFC.

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MORE FROM Markets

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Overseas Pakistanis come to the rescue of their homeland

Overseas Pakistanis, once again, have outperformed their homeland in building up forex and external balances at a time of extreme distress. This sums up the story of the just-ended fiscal-2012. While the overseas Pakistanis set an all-time historic record by sending $13.18 billion, as remittances, the country’s trade deficit widened to a record $21.271 billion, or 36.32 per cent in FY-12 that ended on June 30. This is indicated in reports just unveiled by State Bank of Pakistan (SBP), the central bank, and the Federal Bureau of Statistics (FBS).

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From Rio to Doha — What are the changes required?

The concept of sustainable development has attained significant importance at the global level. The United Nations conducted a conference on sustainable development at Rio de Janerio Brazil called Rio+20 or Rio Earth Summit on June 20-22. In the summit the leaders have reaffirmed their commitment to various initiatives through the document ‘The future we want’.

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Tale of two IT majors

The June quarter performance of Infosys and TCS (Tata Consultancy Services), India’s two heavyweight software companies, highlights both the changes sweeping the IT sector and the challenges facing it at home and abroad. The most telling takeaway of the week is that Infosys is no longer a proxy for the entire software sector of the country; the baton of bellwether seems to have passed to the TCS.

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Risks to global growth rising

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Risks to global growth rising

WASHINGTON - The International Monetary Fund stepped up its warnings Monday on risks to the global economy, especially coming from Europe, as it trimmed its growth forecast for the rest of the year.

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Gold steady as investors await Bernanke outlook

Gold traded little changed on Monday as investors stayed on the sidelines ahead of a presentation by the US Federal Reserve chief later in the week that will be scoured for clues on the central bank’s attitude to another round of quantitative easing.

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Samsung increasing lead in cellphone market

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Samsung increasing lead in cellphone market

Samsung Electronics Co Ltd increased its lead over Apple Inc and Nokia Oyj in the global cellphone market in the second quarter, helped by strong demand and large marketing campaigns for its latest flagship model, the Galaxy S III, according to a Reuters poll.

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