Online Trading Service for Abu Dhabi

Mubasher, a subsidiary of National Technology Group (NTG) and Abu Dhabi Securities Markets (ADSM), have announced that Mubasher Trade, an online trading system, will cover ADSM after a successful launch in the Dubai Financial Market.

Mubasher Trade is an advanced trading engine that combines Straight Through Processing with real-time prices and advanced charting and analytical tools to empower sound investment and allow investors to conduct remote transactions in financial markets. Mubasher’s Straight Through Processing allows investors to conduct direct transactions in the stock market via Mubasher Trade, without the need for intermediaries and brokers. Transactions are carried out in real-time, with average latency between transaction initiation and completion at less than a second.

Mubasher’s trading process is facilitated by the “Mubasher Pro” market information service that provides investors with bilingual (Arabic and English) real-time stock market information in the UAE.

In addition, Mubasher also provides a news service feed from over 70 sources in the region. Apart from Mubasher Pro, the Mubasher Market suite includes “Mubasher Net,” the web-based information dissemination service, and “Mubasher Mobile,” which allows investors to receive updates and make transactions via their pocket PCs and mobile telephones. Over 140,000 Saudi subscribers rely on these information services to successfully ply the financial markets.

ADSM Acting Director General Rashid Al-Balooshi stated that online trading is of increasing importance in accommodating the growing number of investors in ADSM. The number of investors reached over 750,000 from the GCC, Arabic and foreign countries by the end of January. He also mentioned that online trading offers a huge advancement in stock market trading by overcoming difficulties and complexities faced by investors trading traditionally.

Wipro Signs Deal With GM

Wipro Technologies (WIT) has signed a global service contract with GM designed to integrate the company’s Middleware Systems and Information Systems and Services (IS&S) software tools around the world.

N.S. Bala, senior vice president of Wipro’s Manufacturing Vertical, commented that these services will be delivered under the Integration Factory model which Wipro and GM have pioneered. The Integration Factory will be responsible for delivering Middleware and IS&S Tool Support solutions globally for GM process areas to include: Global Sales, Services and Marketing; Product Development and Engineering; Manufacturing and Quality; Global Purchasing; Business Services; GMAC; and OnStar.

Ralph Szygenda, General Motors Group VP and CIO, added: “Over the past five years GM has had a successful relationship with Wipro. Based on this success, and Wipro’s strengths, we have selected Wipro as one of the Tier-1 system integration suppliers to provide application data integration services.”

To help lay the foundation for the third generation outsourcing effort Wipro worked with GM and the other Tier-1 suppliers for the past two years as part of the team developing the standardized work processes that will provide a common approach and greater efficiency in delivering services to GM. These processes define how GM and their suppliers will run all IT services in the future. The implementation of these new standardized processes has already begun.

In addition to the global service contract that Wipro signed directly with GM, Wipro has teamed with EDS for the past year at GM during the third generation outsourcing competition. Jeff Kelly, the EDS VP for the General Motors account, said: “EDS and Wipro have very synergistic capabilities and we have proven in the past that we can provide GM with superior services at competitive rates. EDS looks forward to working with Wipro in support of GM.”

GETEX Dubai Set to Grow by 30%

The 18th Gulf Education and Training Exhibition (GETEX) Dubai 2006 is set to grow by 30 percent over its previous edition, attracting some of the world’s leading education providers, reputable manufacturers and suppliers of educational technology, equipment and services besides major players in the region’s expanding education sector to the Dubai International Exhibition Centre from April 12-14, 2006.

“For the second consecutive year, GETEX Dubai 2006 will devote a special segment targeting the Middle East’s demand for the latest educational technologies and equipment, providing a one-stop-shop for cutting-edge solutions to end-buyers, dealers and importers across the region at the GETEX Technology and Equipment segment,” said Anselm Godinho, MD of IC&E, the fair’s organizer. “Managements are increasingly realizing the benefits of deploying technological solutions as a means of improving the standard of instruction, ensuring higher student participation in the learning process and reducing operational and infrastructure costs. As a result, more investments are being made in technological tools and methods that will enhance education delivery, knowledge management and control processes in their institutions.”

GETEX Dubai 2006 (www.mygetex.com) will also feature a segment highlighting the emerging trends and methodologies in the Corporate Training and Human Resource Development sector, plus for the first time, a segment on Special Needs Education. Besides these key areas, GETEX Dubai 2006 will fulfill its traditional role as the most comprehensive regional platform showcasing a wider array of diverse, international study options in higher education for students, parents, professionals, the academic fraternity and working persons from the UAE, the GCC states, the Indian Subcontinent, Iran and other Middle Eastern countries.