30 Apr

Eikon-Thomson Reuters Workshops at the GFC

The Gulf Financial Center (GFC) has organized two workshops facilitated by Thomson Reuters on Eikon, the ultimate set of financial analysis tools. Eikon software is used by financial professionals to monitor and analyze financial information. It provides access to real time market data, news, fundamental data, and analytics, trading and messaging tools. It also improves research insights and productivity with rich and relevant news, charts, analytics, and Excel add-ins.

The first workshop was scheduled on Monday, April 23rd from 12:30 to 1:30 pm in the GFC for Finance students. The workshop is particularly important to the students because it helps to improve their performance beyond the walls of the classroom, by learning technical skills within a trading room context to understand the trading operations. The one hour workshop helped the students to understand how to use Eikon’s sophisticated screening tools, in which it enabled students to select a universe of companies, set filters, sort, group, and aggregate data using their own fully customizable reports for deep and meaningful investment analysis.
The second workshop was scheduled on Wednesday, April 25th from 12:30 to 1:30 pm for Gulf University for Science and Technology (GUST) Faculty members.

The faculty members’ workshop focused on Datastream Application. Datastream is a powerful financial time series database that enabled the GUST faculty members to explore relationships and trends, perform correlations, generate and test investment and trading ideas and develop view points on the market.

According to Mrs.Yasmin Galal, Client Specialist at Thomson Reuters, “Thomson Reuters is the leading source of financial information, globally – making us the indispensable choice for universities undertaking research and offering courses in capital markets and banking.” With its open, app-based design and highly graphic interface, Eikon delivers immediate, intuitive access to everything a person needs for research and learning.S6S5F4F2F1

10 Apr

GUST Practicum Students Complete Pre-Incubation Module at the GFC

GUST Practicum students have completed the pre-incubation module between March 5th and 14th at the GFC.

GUST Practicum program is meant to sculpt students towards unlocking their entrepreneurial potential and providing them with the essentials of starting a business. The pre-incubation module recently incorporated in the Practicum program is themed “Writing Business Plans – Financials” and is conducted at the GFC. The module is designed to prepare students in preparing practical financial projections for their business idea/venture.

The program mainly focused on the points below:

1- Classify costs correctly (fixed, variable, capex, opex etc.)
2- Prepare valid assumptions regarding costs/future income
3- Prepare realistic prorate income statement based on the assumptions
4- Estimate future cash flows and prepare a cash flow statement
5- Identify possible sources of funding and amount needed
6- Calculate payback period

The module was delivered by Cubical Services Business Incubator and experts from the financial industry Mr. Abdallah Al Hasawi and Mr. Saud Al Subaie.