Business & Money | Thursday 10 August, 2017 3:42 am

A.M. Best Awarded International Best Ratings Agency for Takaful at the International Takaful Awards 2017

A.M. Best received the award for International Best Ratings Agency for Takaful at the International Takaful Awards 2017, held in conjunction with the 11th International Takaful Summit in London. This is the third consecutive year that A.M. Best has been awarded the International Best Ratings...

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Business & Money | Thursday 10 August, 2017 3:00 am

Abdul Latif Jameel Motors prepares for second season as part of “Keep it Maintained by Its Maker” awareness initiative

Abdul Latif Jameel Motors celebrated the completion of the first season of the animated series “Khebayyes & AbuHurayyes”, that appeared on the company’s aftersales YouTube channel, attracting a large number of eyeballs from the most important demographics of Saudi society. The ...

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Business & Money | Wednesday 9 August, 2017 12:40 pm

Saudi Arabia to allow 100% foreign ownership of engineering firms

The opening up of Saudi Arabia’s economy is proceeding apace. On Monday, the government took another step along the road to welcoming more foreign investors into the Kingdom with the approval of new measures to encourage outsiders to get involved in the engineering industry, which is expected ...

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Business & Money | Wednesday 9 August, 2017 12:29 pm

GA Telesis Announces Launch of $500 Million GAIN 2 Fund

 GA Telesis, LLC (“GA Telesis”) and Wafra Capital Partners Inc. (“WCP Inc.”) jointly announced today that GA Telesis has raised a new $500 million investment vehicle from institutional and private clients advised by WCP Inc. to establish a second aviation...

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Business & Money | Wednesday 9 August, 2017 12:00 pm

Gulf Dynamic Services targets 25% surge in sales in 2017; eyes hotels & universities in growth phase

Gulf Dynamic Services [GDS] – a subsidiary of Masharie LLC, the private equity arm of Dubai Investments PJSC and one of the leading names in turnkey interior fit-out solutions, is targeting 25% increase in sales in 2017 as demand for quality fit-out solutions increases with new projects and...

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Business & Money | Wednesday 9 August, 2017 4:58 am

Ajman Tourism Development Department Successfully Concludes the 4th Liwa Ajman Dates Festival 2017

Organised by the Ajman Tourism Development Department (ATDD) under the patronage of His Highness Sheikh Humaid Bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, the 4th annual Liwa Ajman Dates Festival successfully concluded at the Emirates Hospitality Centre on Friday, August ...

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Business & Money | Tuesday 8 August, 2017 12:12 pm

Emirates NBD Saudi Arabia PMI®

Growth in the non-oil private sector picked up at the start of the third quarter on the back of sharper increases in output and new orders. Greater output requirements encouraged companies to purchase more inputs and stimulated job creation in the sector. Weakness was seen regarding trade, however, ...

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Business & Money | Tuesday 8 August, 2017 9:30 am

BARCLAYS ‘COMPASS’: DEVELOPED AND EMERGING MARKETS EQUITIES MAINTAIN THEIR GROWTH MOMENTUM

Barclays’ Private Bank released its Q3 2017 “Compass” Report, which examines major asset classes globally. The latest research report revealed that equities in Developed and Emerging Markets continue to offer best growth potential for investors seeking to take advantage of...

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Business & Money | Tuesday 8 August, 2017 6:00 am

Travel, tourism, and hospitality veteran Olivier Dombey joins Holidayme as CCO

Holidayme has today announced the appointment of Olivier Dombey, an award-winning travel, tourism, hospitality and digital marketing distribution expert, as its chief commercial officer to spearhead the firm’s entire non-air global supply channel commercial and operational...

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Business & Money | Tuesday 8 August, 2017 5:38 am

Fäm Properties Tops Aed1.3 Billion in City Walk Residential Sales

One of Dubai’s largest real estate brokerages, fäm Properties, has topped AED1.3 billion in residential property sales at City Walk, the new destination developed and managed by Meraas in the heart of Jumeirah. Firas Al Msaddi, the fäm Properties CEO, said today that the bulk of...

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