Business & Money | Saturday 20 August, 2016 4:44 am

Saudia to hire 100% Saudi pilots by 2020

Saudi Arabian Airlines (Saudia) is optimistic about reaching its goal of 200 aircraft by the year 2020 and aims to have 100 percent Saudi pilots, Saleh bin Nasser Al-Jasser, director general of the airline, said Friday. Addressing a press conference upon his return to Jeddah after taking the...

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Business & Money | Friday 19 August, 2016 6:23 am

Petchems support Tadawul index

Gulf stock markets were narrowly mixed in quiet trade on Thursday as petrochemical shares supported Saudi Arabia’s Tadawul All-Share Index (TASI) but Qatar pulled back after a surge this week due to hopes for inflows of foreign funds. The value of traded shares reached SR2.88 billion. TASI...

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Business & Money | Friday 19 August, 2016 5:33 am

Governments Must Clamp Down on Rogue Lithium Battery Shippers

 The International Air Transport Association (IATA) partnered with leaders of the lithium battery supply chain to demand stricter enforcement of international regulations regarding the transport of lithium batteries.  In a joint letter to Ministers of Trade, Industry and Transport, and ...

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Business & Money | Thursday 18 August, 2016 4:06 pm

New high value payments systems task force is a key enabler of ISO 20022 harmonisation

Following the launch of the ISO 20022 Harmonisation Charter, an industry-driven framework to facilitate the rollout of ISO 20022 globally, SWIFT has formed a global market practice task force of markets infrastructures and banks. Sponsored by the Payments Market Practice Group (PMPG), the task...

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Business & Money | Thursday 18 August, 2016 4:04 pm

Volume of periodic payment orders remains low, according to Aon UK motor insurance study

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), today announces the findings of its latest study of large losses in the UK motor insurance industry, based on claims data representing 75% of the total market. The analysis, which examined more than 550...

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Business & Money | Thursday 18 August, 2016 2:46 pm

Deloitte Middle East Point of View: Virtual Reality boom rising in MENA

The Virtual Reality (VR) market in the Middle East and North Africa (MENA) region is expected to grow at a rapid rate according to Deloitte. Factors driving the MENA VR technology growth are among the topics discussed in the summer 2016 issue of Deloitte’s quarterly publication, the...

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Business & Money | Thursday 18 August, 2016 10:21 am

Shell Launches Inaugural Make The Future Singapore campaign: A Festival of Ideas and Innovation

In 2017, Singapore will play host to the inaugural edition of Shell’s Make the Future festival, featuring Shell Eco-marathon Asia at which students from across the UAE will participate with their Made in the UAE fuel-efficient cars. This four-day, free-of-charge public festival takes place at ...

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Business & Money | Thursday 18 August, 2016 10:16 am

US$400 Billion Worth of Construction Projects Ongoing in Dubai

Dubai’s construction industry knows no standstill.  According to BNC’s “Dubai Construction Market 2016” report commissioned by The Big 5, the largest construction industry event in the Middle East, over 3,700 projects are currently ongoing across the Emirate. Their...

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Business & Money | Thursday 18 August, 2016 9:24 am

Chevron Al Khalij Introduces “Caltex Delo” to protect diesel fuel environments

Chevron Al Khalij today announced the launch of its latest premium diesel engine oil - Caltex Delo 400 MGX SAE 15W-40.  The revolutionary formulation constitutes a higher specification, and is specially designed to meet the GCC and Middle East market requirements. This improved formulation...

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Business & Money | Thursday 18 August, 2016 8:29 am

Gold glory for Saudi Arabia

With nearly 333 tons of gold reserves, the Kingdom ranks 16th globally and first among Arab countries. The US ranks first in the world in terms of gold reserves. This has been revealed by the 2016 Gold Demand Trends (Q2) report issued by the World Gold Council. Demand for gold increased by 15...

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