Business & Money | Sunday 9 October, 2016 1:09 pm

SEDCO Capital’s second real estate income Fund acquires seven properties for SR 473 million across the Kingdom

 SEDCO Capital, a leading Saudi licenced asset manager announced the acquisition of seven quality real estate assets over the past 19 months on behalf of SEDCO Capital Real Estate Income Fund II (“SCREIF II”), bolstering the firm’s realty portfolio in Saudi...

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Business & Money | Sunday 9 October, 2016 1:07 pm

Siemens appoints Herbert Klausner CEO of Kuwait operations

Siemens has appointed Herbert Klausner (53) as Chief Executive Officer (CEO) of the company’s operations in Kuwait, effective October 1, 2016. Klausner joins the regional management team from the Power and Gas Division at Siemens AG in Germany, where he headed Large Gas Turbine Berlin...

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Business & Money | Sunday 9 October, 2016 8:07 am

Why Enterprises in the UAE Need a Multi-Layer Approach to Public Cloud Security

Security has long been the principal fear that weighs on cloud investments. While perceptions are improving, Intel Security’s recent State of Cloud Adoption study found that data breaches remain the biggest concern of companies deploying Software as a Service (SaaS), Infrastructure...

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Business & Money | Sunday 9 October, 2016 5:39 am

Dubai Customs: Dubai’s non-oil foreign trade at AED 647 billion in H1 2016

Dubai saw a remarkable 17% upsurge in the total volume of traded goods in the first half of 2016, rising as high as 49 million tons of commodities from 41 million tons the same period last year.   Dubai’s non-oil foreign trade added up to AED 647 billion from January to June 2016....

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Business & Money | Sunday 9 October, 2016 4:12 am

NAMA Women Advancement Establishment supports ‘Investing in the Future’ conference in a strategic partnership

The second edition of ‘Investing in the Future’ (IIFMENA), a conference that aims to invalidate false assumptions and cultural stereotypes obstructing women's development in the MENA region, has announced its first strategic partnership with NAMA Women Advancement Establishment...

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Business & Money | Saturday 8 October, 2016 5:35 am

British Pound Descent Against the Dollar

A rapid descent in the pound against the dollar Friday, referred to as a “flash crash,” set tongues wagging across global trading floors as to what triggered the rare event. After the pound crashed more than six percent against the dollar in under 10 minutes during Asian trading hours, ...

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Business & Money | Saturday 8 October, 2016 3:49 am

New LED luminaire offering ‘billions of colour options’ gets set for regional debut at Light Middle East 2016

A lighting installation allowing Middle East home-owners and end-users to create their own customised illumination from ‘billions of colour options’ will be among the latest innovations on show at the Light Middle East 2016 exhibition in Dubai this month.   ‘Infinite...

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Business & Money | Saturday 8 October, 2016 3:01 am

Hamdan bin Zayed Al Nahyan visits Hamdan bin Mohammed Heritage Center stand at ADIHEX 2016

His Highness Sheikh Hamdan bin Zayed bin Sultan Al Nahyan, Ruler’s Representative in the Western Region of Abu Dhabi Emirate and Chairman of Emirates Falconers' Club (EFC), yesterday visited the Hamdan Bin Mohammed Heritage Center (HHC) stand at the fourteenth edition of the Abu Dhabi...

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Business & Money | Friday 7 October, 2016 5:21 am

Entrepreneurs’ Organisation UAE Chapter Presents ‘In the Boardroom’ Event with RAKBANK’s Chief Executive Officer

Entrepreneurs’ Organisation (EO) UAE, the local chapter of the dynamic global network of entrepreneurs, was pleased to invite a group of its members to a learning session with the special guest host Peter England, CEO of RAKBANK, at the event ‘In the Boardroom’ (ITB), which was...

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Business & Money | Friday 7 October, 2016 4:15 am

Ministry of Human Resources and Emiratization endorses GOV HR Summit 2016

The region’s leading human resource conference “The GOV HR Summit 2016” under the theme of “Creating a Breakthrough in People Performance” will be officially endorsed by the Ministry of Human Resources and Emiratization. Now in its 4th Annual the GOV HR Summit,...

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