Thomson Reuters has teamed up with ITWorx, professional services organisation in the Middle East and Africa, to bring market news and information online to financial clients in a cost effective and timely manner.
For the first time, financial professionals in the Middle East and Africa will have access to critical, real-time market information including proprietary Thomson Reuters content through portals developed by ITWorx.
As part of the agreement, financial market professionals will have online access to business intelligence reports, market-moving developments, company fundamentals, consensus estimates, market data, real-time news and analytics.
Using Reuters Knowledge Direct, ITWorx and Thomson Reuters will provide system integration and services to bring financial and other corporate market data and news online onto ITWorx-developed portals. ITWorx’s cutting edge technology and expertise will seamlessly and efficiently bring Thomson Reuters financial content and data to a greater network of key customers, such as banks, advisors, corporations and other financial institutions, across the region including Egypt, United Arab Emirates, Qatar, and Saudi Arabia.
This deal represents another move by Thomson Reuters to support the growth and development of the Middle East and Africa, one of the largest and fastest growing regions in the world. In addition, Thomson Reuters helps individuals and companies realize their clients’ financial objectives.
“This deal puts us squarely in the midst of a vibrant market where our potential customers are looking for innovative, money-making solutions,” says Basil Moftah, managing director for Thomson Reuters, the Middle East and Africa. “Working together with ITWorx, we will be able to provide financial professionals with the actionable intelligence they need to succeed in a growing economy.”
“The technological needs of the Middle Easte East and Africa are great and growing,” says Hossam Badr, regional director , ITWorx, Middle East. “We are pleased to be sharing the many opportunities for growth in this region with Thomson Reuters, and look forward to providing strong content and cost-effective technology to the growing number of financial professionals who will benefit.”
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