Anglo-Dutch energy giant Royal Dutch Shell announced a 41 percent rise in first quarter profits due to an increase in world oil prices and improved refining margins, the company said on Thursday. Profits for Q1 were $6.9bn compared with $4.9bn in the first quarter of 2010, an increase of 30 percent. Shell’s cash flow from operating activities…
Healthcare conglomerate Johnson & Johnson said Wednesday it has agreed to buy the Swiss medical device maker Synthes for $21.3bn in stock and cash. Buying Synthes would be the biggest acquisition for Johnson & Johnson, giving it a leading position in equipment to treat traumatic injuries and fractures. The companies entered into a definitive agreement which sees…
Islamic banking continues to maintain its growing force in the financial world, and as a pioneer of Islamic banking services in Jordan and beyond, Jordan Islamic Bank (JIB) is thriving despite enormous uncertainty. While many banks have seen their balance sheets propped up by huge central bank cash injections, Jordan Islamic Bank continues to go…
US computer chip group Intel beat Wall Street’s expectations with a 29 percent year-on-year net profit increase when it published Q1 earnings late on Tuesday. The reported net income was $3.16bn or 56 percent per share compared to $2.44bn or 43 percent the previous year. Intel saw a 25 percent rise in revenue to £12.8bn from…
In February 2011, Nestlé, the Switzerland based nutrition, health and wellness giant, announced yet another year of strong top and bottom line performance, increasing investment in its brands, operations and people. Highlights included group sales of CHF 109.7bn, organic growth of 6.2 percent, real internal growth of 4.6 percent and a rise in underlying earnings…
When it comes to consigned credit, Banco BMG is a pioneer in the Brazilian market. The bank began its activities in this segment in 1998. Today, 11 years later, the bank is the undisputed leader in the sector and responsible to stimulate and develop this form of credit in the entire country, thanks to the…
Since its foundation, the activities of Banco Espirito Santo Angola (BESA) have been underlined by a serious commitment to sustainable development in Angola. The bank believes that economic growth should go hand in hand with the promotion of sustainability, and that only these factors in conjunction can assure the country and planet of a better…
At the beginning of 2011, the Bradesco brand was considered the most valuable among Brazilian banks in a survey conducted by consulting firm Brand Finance, and the sixth most valuable among banks worldwide. This is just one of many international acknowledgments Bradesco has received over the years. Building on a 68-year tradition of excellent results…
Founded in 2005, Arab Financial Brokers (AFB) provides online brokerage and trading services, alongside micro trading services through its AFB and AFB Multi Terminal online trading platforms. Its clients can be found in 52 countries – they vary from individual speculators to asset managers, white labels and introductory brokers. And as a mark of the…
To protect the planet, as well as to ensure its competitiveness and develop its business, the Enel Group is investing in the best technologies available for reducing emissions of GHG and pollutants, as well as in innovative research. Enel’s strategy is based on five specific approaches, which cover all of the main elements of carbon…
