Environment & Energy | Thursday 17 August, 2017 11:13 am

SEC secures $1.75b loan for capex plans

Saudi Electricity Company (SEC) said on Wednesday it had signed a $1.75 billion international syndicated loan to help finance capital expenditure plans. The five-year bullet loan is co-financed by eight major international banks including Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking...

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Business & Money | Thursday 17 August, 2017 11:12 am

Melbourne the world’s most liveable city for seventh year

Melbourne’s reign as the world’s most liveable city has been extended for an unprecedented seventh year by the prestigious Economist Intelligence Unit’s (EIU) annual Liveability Index. The Index surveys 140 of the world’s cities and Melbourne has come out on top...

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Government | Thursday 17 August, 2017 10:09 am

16-day Eid holiday for govt staff

The Ministry of Civil Service announced a 16-day holiday for Eid Al-Adha for government employees during this year. The holidays will begin at the end of the working day on Thursday, Aug. 24 (Dhul Hijjah 2) and will end on Saturday, Sept. 9 (Dhul Hijjah 15). Sunday, Sept. 10 will be the first...

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Business & Money | Thursday 17 August, 2017 9:29 am

UAE consumer spending to top $261 billion by 2021

Consumer spending in the UAE is forecast to top $261 billion (SR978.75 billion) by 2021, expanding at a compound annual growth rate (CAGR) of 7.5 percent over the next five years, the Dubai Chamber said in a report. “The UAE’s consumer market is largely being driven by a fast-growing ...

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Business & Money | Thursday 17 August, 2017 9:27 am

UAE commercial landlords offer tenant incentives as demand falls

Commercial property landlords in the UAE have been forced to offer tenants better incentives to stay as occupier demand fell for the seventh consecutive quarter. The claim, made in the latest quarterly report from the Royal Institution of Chartered Surveyors (RICS), represents the latest...

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Business & Money | Thursday 17 August, 2017 9:25 am

Saudi Electricity secures $1.75bn loan for capex plans

Saudi Electricity Company (SEC) said on Wednesday it had signed a $1.75 billion interna- tional syndicated loan to help finance capital expenditure plans. The five-year bullet loan is co- financed by eight major interna- tional banks including Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking...

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Business & Money | Thursday 17 August, 2017 9:21 am

Etihad-linked bonds drop again after Air Berlin bankruptcy

Etihad Airways’ bonds issued through a special purpose vehicle have dropped more than five points in the secondary mar- ket a day after Air Berlin, in which Etihad has a large minority stake, filed for bankruptcy protection. In April, the “EA Partners” bonds dropped by almost...

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Business & Money | Thursday 17 August, 2017 5:34 am

Pepsico Supports World Food Programme Emergency Food Assistance in Libya

PepsiCo, the global food and beverage company and its partner, African Bottling Operations, have made a contribution of US$250,00 to the United Nations World Food Programme (WFP) to help provide critical assistance to thousands of Libyans who face food insecurity.   “With so many...

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Business & Money | Thursday 17 August, 2017 5:32 am

Setting Your Data Center Migration Strategy

Change, even one for the better, comes with risk. Migrating to a Colocation Data Center - or any new Data Center- should be accompanied by careful supervision and a well devised and executed strategy. Data and IT functionality are a critical element of any modern enterprise. While adopting a new...

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Tourism & Hospitality | Thursday 17 August, 2017 5:00 am

Back-to-school shopping has never been better, with games, science workshops and generous prize draws at Majid Al Futtaim’s malls in Duba

Back-to-school shopping has never been better in Dubai where Majid Al Futtaim’s malls are running a host of fun kids activities and unbeatable promotions prior to the start of the new school term. Mall of the Emirates, City Centre Deira, Mirdif, Me’aisem and Al Shindagha have...

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