Business & Money | Wednesday 19 August, 2015 1:01 am

DIFC heads to Mumbai to further strengthen longstanding India-UAE economic ties

Dubai International Financial Centre (DIFC) is the ideal gateway for Indian investors to the Middle East, Africa and South Asia – a region worth an estimated US$7.9 trillion in annual trade – and the engine driving ever-closer economic ties between India and the UAE, its third largest ...

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Business & Money | Wednesday 19 August, 2015 12:23 am

MANN+HUMMEL Agrees to Acquire Affinia Group

The MANN+HUMMEL Group, www.mann-hummel.com, based in Ludwigsburg, Germany, today announced that they have entered into a definitive agreement under which MANN+HUMMEL will acquire the global filtration operations (excluding its Affinia South America (“ASA”) operations) of Affinia...

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Business & Money | Wednesday 19 August, 2015 12:07 am

Seiko Instruments (SII) Releases New LDO Regulator

Seiko Instruments Inc. (SII) announced the release of the S-19311 Series automotive high input 36V LDO regulator with reset function, adopting a newly developed compact package TO-252-5S with high heat dissipation. The S-19311 can be connected directly to batteries, and the reset function allows...

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Business & Money | Tuesday 18 August, 2015 3:07 pm

TSYS Names Patricia Watson as CIO

TSYS (NYSE: TSS) today announced that Patricia A. Watson, a 17-year veteran of the financial services industry, has been named senior executive vice president and chief information officer (CIO) effective September 14.  “Patty is well respected throughout the financial services...

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Business & Money | Tuesday 18 August, 2015 3:03 pm

Qatar Rail extends Platinum Sponsorship to MEED’s 4th Annual Qatar Transport Forum

Qatar Railways Company (Qatar Rail) announced its participation as a Platinum Sponsor at the 4th Annual Qatar Transport Forum, which aims to focus on the sharp increase in transport project activity in Qatar over the next few years. The event will be held from the 14th to the 16th of September...

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Business & Money | Tuesday 18 August, 2015 3:00 pm

Pacific Life Re Australia Receives Regulatory Approval to Commence Writing Reinsurance Business

Pacific Life Re (Australia) Pty Limited (“Pacific Life Re Australia”) has received regulatory approval from the Australian Prudential Regulatory Authority (APRA) to commence writing life reinsurance business in Australia.  Pacific Life Re Australia is part of Pacific Life Re,...

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Business & Money | Tuesday 18 August, 2015 2:30 pm

Deloitte: VAT in the GCC – Old news or new chapter?

The recent action taken by the UAE to eliminate fuel subsidies with effect from 1 August 2015 ignited the debate on tax reform in the Gulf Cooperation Council (GCC) countries. Whilst these countries are facing an increasing amount of pressure on their national budgets, every GCC government...

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Business & Money | Tuesday 18 August, 2015 1:22 pm

International General Insurance Holdings Limited announces net earnings of $16.2 million

International General Insurance Holdings Limited (IGIH) today reported earnings for the first half of the 2015 financial year.    Overall, the Group announced gross written premiums of $122.03 million as at 30th June 2015 as compared to $137.68 million for the previous year. Net...

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Business & Money | Tuesday 18 August, 2015 1:06 pm

UAE Ministry of Energy to host the 8th Exhibition of Electrical Industries in the Arab World

The UAE’s Ministry of Energy (MOENR), with support from key regional organisations including the League of Arab States, has officially announced the hosting of the 8th Exhibition of Electrical Industries in the Arab World (EEIAW) under the theme Minimise Energy, Maximise Energy Efficiency,...

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Business & Money | Tuesday 18 August, 2015 3:06 am

Qatar Rail unveils architectural works opportunities For the Doha Metro stations

Qatar Railways Company (Qatar Rail), the company overseeing the construction of Qatar’s integrated railway network, showcased the architectural opportunities in the works for the Doha Metro stations, during an awareness day that hosted Qatar Rail employees, project managers, design and build...

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