Business & Money | Sunday 3 May, 2015 12:57 am

KPMG Al Fozan & Al Sadhan to host a breakfast session on International Financial Reporting Standards 9

The International Accounting Standards Board (IASB) completed the final element of IFRS 9 Financial Instruments in July 2014 and the new Standard will come into effect on 1st of January 2018 with early application permitted.With the effective date of IFRS 9 approaching, KPMG Saudi Arabiais hosting...

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Tourism & Hospitality | Sunday 3 May, 2015 12:25 am

KAIA to fly high with new revamp

The 30-year-old King Abdul Aziz International Airport (KAIA) is undergoing a massive overhaul that would further entrench its leading status in the region and the world.The first phase saw two main contracts signed on November 13, 2010, to expand the facility as the main gateway to Jeddah and the...

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Business & Money | Sunday 3 May, 2015 12:19 am

Qatar Rail Hosts Industry Awareness Day for the Private Sector

Under the patronage of His Excellency Sheikh Abdullah bin Nasser Al Thani, Prime Minister and Minister of Interior, Qatar Railways Company (Qatar Rail), the company overseeing the construction of the Qatar’s integrated railway network, is hosting an industry awareness day on May 7th to meet with...

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Technology & IT | Sunday 3 May, 2015 12:10 am

Cloud Spending to See Huge Growth in 2015

The outsourcing, managed services, and datacenter services market in Saudi Arabia is expected to total $570.6 million in 2015, according to a recent study published by International Data Corporation (IDC). The market is set to grow 16.2% year on year, primarily driven by increased spending on...

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Business & Money | Saturday 2 May, 2015 2:14 pm

DAMAC Properties Launches Nova Hotel Villa Concept at ATM

An Exciting New Experience in Luxury Hospitality within AKOYA Oxygen Goes on SaleDAMAC Properties has launched its first hotel villa concept within the aspirational AKOYA Oxygen community in Dubai.The luxury real estate developer has made its Nova Hotel Villas available at a starting price of just...

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Business & Money | Saturday 2 May, 2015 12:33 pm

(MAMEE TGU) LAID THE FOUNDATION STONE FOR THEIR SNACK FOODS FACTORY

Supporting its role as a hub for international investments and facilitating local production of the Kingdom’s food needs, the Mamee TGU Factory Co. (MAMEE TGU), which is a joint venture between Mamee-Double Decker (M) Sendirian Berhad (MAMEE) and Top Golden Universe (TGU), has laid the foundation ...

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Business & Money | Saturday 2 May, 2015 12:20 pm

Saudi Aramco to be restructured

The Kingdom has approved the restructuring of Saudi Aramco, a move that will see it separated from the Petroleum Ministry.The Kingdom’s Supreme Economic Council approved the restructuring plan that had been proposed by Deputy Crown Prince Mohammed bin Salman, second deputy prime minister and...

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Technology & IT | Saturday 2 May, 2015 12:12 pm

Mobily Delivers the First BMW Car as Part of the “Valuable Prizes” Campaign

Etihad Etisalat “Mobily” has delivered the first BMW car as part of the “Valuable Prizes” campaign that was recently launched. The campaign aims to reward all customers who visit the company's outlets around the Kingdom with distinctive package of valuable gifts. This campaign allows all...

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Government | Saturday 2 May, 2015 10:29 am

Merger of royal courts ordered

Custodian of the Two Holy Mosques King Salman has issued a royal order, joining the Crown Prince’s Court with the Royal Court, according to the SPA.It said the order was made after a proposal made by Crown Prince Mohammed bin Naif, who is also deputy prime minister and interior minister, to merge ...

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Business & Money | Saturday 2 May, 2015 2:13 am

DMS appointed Exclusive Ad Sales Representatives for Mawdoo3.com –

The Arab world’s first comprehensive online Arabic encyclopedia April 29,2015 (ME NewsWire) - The digital arm of Choueiri Group “Digital Media Services (DMS)” recently announced the latest addition to its portfolio of leading regional online offerings, by confirming its appointment as the...

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