Business & Money | Tuesday 26 July, 2016 4:20 pm

Siemens ships its first “Made in KSA” gas turbine to power Jazan Economic City

In line with the Saudi Vision 2030 and Saudi Aramco’s In-Kingdom Total Value Add (iktva) program, Siemens delivered the first shipment of its locally produced gas turbines to the Integrated Gasification Combined Cycle (IGCC) power plant in Jazan. This is the world’s largest...

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Business & Money | Tuesday 26 July, 2016 7:37 am

Q2 2016 Middle East cross-border deal-making steady despite global decline: Baker & McKenzie Report

Global cross-border M&A volume and values were subdued in Q2 2016, as investors held their breath, but the Middle East region saw an increase in both inbound and outbound cross-regional activity in the first half of 2016, according to global law firm Baker & McKenzie’s quarterly...

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Business & Money | Tuesday 26 July, 2016 7:14 am

Marka announces partnership with loyalty programme, Air Miles Middle East, the most exciting loyalty scheme in the region

Marka PJSC (DFM: MARKA), the first public stock retail operator in the UAE, has announced its partnership with the loyalty programme, Air Miles Middle East, in a move which seeks to reward its frequent customers. This represents the latest affiliation in an ongoing expansion programme by Marka...

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Business & Money | Tuesday 26 July, 2016 7:11 am

Phase 1 of DAMAC Properties’ AKOYA Imagine Villas Sold Out; Phase 2 Planned

 DAMAC Properties announced today that phase one of AKOYA Imagine villas has been sold out, and the launch of the second phase is planned for the end of July. The contemporary-styled villas, which are designed and priced to attract professionals in the “under 35” age group, have...

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Business & Money | Tuesday 26 July, 2016 5:09 am

Dulsco bags two major industry awards in 2016

Dulsco, a regional stalwart in human resource and waste management solutions, has won the Superbrand award for the second consecutive year. Dulsco is the only waste management company and HR solution providers in the region to be awarded the Superbrand status. More than 2,000 prominent brands in...

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Business & Money | Tuesday 19 July, 2016 1:02 pm

A Strong Second Quarter 2016

Almarai showed a strong Q2 2016 performance with sales up + 10.3% and net Income up by +18.5% compared to the same quarter of 2015.   The Q2 2016 results reached record levels in the company’s history for Net Income of SAR 629 million and Sales of SAR 4,025 million....

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Business & Money | Sunday 17 July, 2016 11:11 am

Emirates NBD signs agreement with Government of Dubai’s Community Development Authority

Emirates NBD, one of the leading banks in the region, has signed an agreement with the Community Development Authority (CDA) to solidify its strategic, long-term commitment to people with disabilities in line with the Government of Dubai’s ‘My Community’ vision to transform Dubai...

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Business & Money | Sunday 17 July, 2016 11:05 am

UAE takes part in Arab League meeting

The UAE on Saturday participated in a meeting of the permanent representatives of Arab countries to the Arab League, held to discuss preparations for the 27th Arab Summit, which will be held in Nouakchott, Mauritania, on July 25 and 26. The UAE delegation was headed by Ambassador to Egypt and...

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Business & Money | Sunday 17 July, 2016 10:41 am

Kuwait’s Largest Construction Event to Take Place as Government Earmarks $68.9bn for Construction Spend in 2016

With planned developments worth an estimated $123.6 billion, according to MEED, and $68.9 billion government construction budget for 2016, Kuwait’s construction industry offers massive business opportunities. The Big 5 Kuwait 2016, taking place from 25 – 27 September at the...

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Business & Money | Sunday 17 July, 2016 2:53 am

The Big Heart Foundation Donates $150,000 to Support Rohingya Refugees and Displaced People in Iraq

The Big Heart Foundation (TBHF), a Sharjah-based global humanitarian charity dedicated to helping refugees and people in need worldwide, has donated US $150,000 (AED550,000) to support Rohingya refugees in Malaysia and displaced people in Iraq. Distributed by the United Nations High Commission for...

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