Sunday, November 19, 2017
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Eye of Riyadh

Dubai Land Department announces the update of the rental index for 2018
Business & Money | Sunday 19 November, 2017 6:46 am
Dubai Land Department (DLD) has announced that the rental index has been updated for 2018. DLD confirmed that the new update is for all residential, commercial and industrial properties in the Emirate of Dubai.   DLD’s specialists have adopted a variety of mechanisms to carry out...
UAE Banks Federation Reveals New Brand Identity
Business & Money | Sunday 19 November, 2017 6:40 am
Reinforcing its pivotal role in driving the continuous growth and development of the country’s banking sector, the UAE Banks Federation, a professional representative body comprising 48 member banks operating in the UAE, has launched a new brand identity.   Inspired by the...
General Authority for Zakat and Tax signs agreement with government agencies to implement VAT
Business & Money | Sunday 19 November, 2017 4:39 am
The General Authority for Zakat and Tax (GAZT) will sign a cooperation agreement with the Ministry of Municipal and Rural Affairs to facilitate the compliance of businesses on Valued Added Tax (VAT), following similar agreements with the Ministry of Labor and Social Development and Saudi...
Al Rajhi Bank and SOUQ to offer discounts in co-operation to customers in the KSA
Business & Money | Saturday 18 November, 2017 2:22 pm
SOUQ and Al Rajhi Bank, one of the largest Islamic Banks in the world, have announced that they will co-operate offer customers in the Kingdom of Saudi Arabia an array of benefits when they purchase products on the SOUQ website and mobile app using Al Rajhi Bank credit cards.   SOUQ ...
LED set to form over 50% of regional lighting market by 2020
Business & Money | Saturday 18 November, 2017 2:18 pm
 The quest for energy efficiency and ecologically friendly lighting solutions is set to drive demand for green lighting products in the Middle East. These trends are increasingly evident in the build up to Light Middle East 2017, where global lighting majors target the lucrative green lighting ...
Saudi Arabia, GCC to be connected by ultra-fast tube transportation system
Business & Money | Saturday 18 November, 2017 2:09 pm
The entire Gulf region will be connected through an ultra-fast tube transportation system, which will operate at a velocity of 1,100 km per hour. Founder of US-based Virgin Hyperloop One, Josh Giegel spoke to Arab News on Thursday soon after he signed an agreement with the MiSK Foundation for...
ADNOC and LEGO Education Sign Partnership Agreement For Advancement of STEM Education in ADNOC Schools
Business & Money | Friday 17 November, 2017 10:59 am
The Abu Dhabi National Oil Company (ADNOC) and Lego Education signed a partnership agreement, today, to champion high-quality, innovative hands-on learning programs designed to advance the study of science, technology, engineering and mathematics (STEM) in all ADNOC Schools, in Abu Dhabi and the Al ...
Alpha Assured Assistance (AAA) Loyalty Program to ramp up loyalty landscape in the UAE
Business & Money | Friday 17 November, 2017 10:57 am
With customers looking for more flexibility and value for money, there’s been a stark rise in the loyalty landscape in the UAE, according to Mr. John Jacob, Director – Alpha Assured Assistance (AAA) Loyalty Program.   Speaking at the launch of AAA Loyalty Program, Mr. John...
Saudi Arabian Female Entrepreneur Wins Prize at Shell Intilaaqah
Business & Money | Friday 17 November, 2017 10:53 am
A Saudi entrepreneur from the petrochemical industry, Ghazael Aldossary, won the Merit Prize at Shell LiveWIRE’s ‘Top Ten Innovators’ global competition which highlights and rewards LiveWIRE businesses that demonstrate excellence in innovation.   Through Ghazael’s ...
Kingdom to be an early adopter of revolutionary train service
Business & Money | Friday 17 November, 2017 10:44 am
AS talks on transformation to the Fourth Industrial Revolution continue at the Misk Global Forum, several announcements were made during the two-day event bringing together leading global companies and industry leaders. Experts and entrepreneurial leaders shared insights on building future...