Business & Money | Wednesday 18 March, 2015 12:07 am

Jadwa Investment Announces Record Results in 2014

Jadwa Investment, the leading specialist asset management and private equity firm in Saudi Arabia, today announced a fifth consecutive year of record revenues for the firm.Total revenue for 2014 amounted to SAR 358 million, an 11 percent increase over last year’s SAR 321 million and the strongest ...

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Business & Money | Wednesday 18 March, 2015 12:04 am

QNB Group successfully closes syndication of USD3.0 billion three year senior unsecured term loan facility

QNB Group has announced that it has successfully closed syndication of its USD3.0 billion three year senior unsecured term loan facility. The syndication was well supported by 20 International Banks and was over-subscribed. The new loan Facility will be used for general corporate purposes. The...

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Business & Money | Wednesday 18 March, 2015 12:00 am

GOIC signs a Memorandum of Understanding with Abha Chamber of Commerce and Industry

In an effort to support and boost industrial investments in ‘Asir RegionIn an effort to promote the industrial sector in GCC countries and in light of GOIC’s role as a house of broad expertise and know-how offering consulting services to all industrial entities in the Gulf in order to encourage ...

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Business & Money | Wednesday 18 March, 2015 12:00 am

Saudi Arabia largest investor into the Egyptian market followed by Kuwait & UAE

First Equity Partners acquires majority 67% stake in White House SecuritiesBahrain headquartered FEP is one of the largest private equity firms from the GCC investing in EgyptFEP Egypt Direct Investment and Asset Management, an affiliate of First Equity Partners (FEP), a leading private equity...

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Business & Money | Tuesday 17 March, 2015 1:13 pm

MAGGI Diaries Returns for Second Season of Culinary Exploration

MAGGI Diaries, the popular web-based series covering the culinary journeys of five exceptional Arab women, returns for its second season to take viewers on a global journey of culinary exploration across India, Turkey, the Kingdom of Saudi Arabia, the United Arab Emirates and Italy, experiencing...

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Business & Money | Tuesday 17 March, 2015 11:34 am

Scoopi Café Launches its First Boutique Outlet in the UAE

• A wide variety of Gourmet ice cream and Luxury handcrafted chocolates available• The first to offer unique flavors such as Medjool date and ambrosial Saffron exclusively in the regionDubai, January 28th, 2015: Dubai finally gets a taste of royal treatment with the launch of Scoopi Café, a...

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Business & Money | Tuesday 17 March, 2015 1:42 am

Japan, Nepal and India shortlisted for ATM New Frontiers Recovery Award 2015

Arabian Travel Market awards scheme recognises Asian nations as their tourism sectors prevail in the face of overwhelming adversity after being struck by devastating natural disasters Arabian Travel Market (ATM) has revealed the 2015 shortlist for its annual New Frontiers Recovery Awards, with...

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Business & Money | Tuesday 17 March, 2015 1:30 am

FLYNAS TO LAUNCH DAILY FLIGHTS BETWEEN RIYADH AND CAIRO ON APRIL 29

New Route Will Make Saudi National Carrier a Major Player in Connecting the Kingdom with Egyptflynas, Saudi Arabia’s national carrier, has announced that it will begin operating flights from Riyadh to Cairo, Egypt starting April 29,2015. The daily flights will employ A320 aircraft whose 164 seats ...

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Business & Money | Tuesday 17 March, 2015 1:14 am

AIR SEYCHELLES POSTS THIRD CONSECUTIVE YEAR OF NET PROFITABILITY

Key results for 2014• Third year of net profit, US$3.2 million• Total revenue up 20 per cent to US$106.9 million• Passenger numbers total 412,088, an increase of 20 per cent• Cargo tonnage up by 34 per cent to 7,311 tonnes• Delivery of two DHC-6 Twin Otters, brought forward from 2015, and ...

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Business & Money | Tuesday 17 March, 2015 12:59 am

GOIC meets the GCC Standardization Organization delegation

In an effort to promote the role of standardisation in Gulf industriesGOIC Secretary General Mr. Abdulaziz Bin Hamad Al-Ageel met a delegation from the GCC Standardization Organization (GSO) headed by His Excellency Mr. Nabil Bin Amin Mulla, GSO Secretary General at the headquarters of the Gulf...

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