Business & Money | Thursday 14 July, 2016 4:25 am

Riyadh Based GIB Capital LLC Appoints New CEO

Gulf International Bank (GIB) is pleased to announce the appointment of Mr. Osamah Mohammed Shaker as the new Chief Executive Officer of GIB Capital LLC, a wholly owned subsidiary of GIB, effective since 29 June 2016.  Mr. Shaker comes with substantial banking experience in both...

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Business & Money | Thursday 14 July, 2016 3:43 am

Accorhotels , Qatar Investment Authority and Kingdom Holding Company Establish the Principles for Their Long Term Shareholder Partnership

The shareholders of the Group approved the resolution finalizing the acquisition of FRHI Holdings Limited (FRHI) and the corresponding share capital increase reserved for the Qatar Investment Authority (QIA) and Kingdom Holding Company (KHC), as well as their representation on the Board of...

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Business & Money | Thursday 14 July, 2016 3:37 am

Deloitte and IRTI launch new Islamic Finance insights series

Implementing change strategies to reinvent the value proposition of the Islamic financial services industry is high on the agenda of industry leaders, according to Deloitte’s new whitepaper entitled “The catalysts for change: Strategic priorities in governance and regulation in...

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Business & Money | Wednesday 13 July, 2016 4:58 pm

ValuStrat issue Q2 2016 Dubai Real Estate Market Report

The second quarter 2016 real estate review issued by leading local consulting firm ValuStrat –has shown that after 12 relative stable months, their residential VPI index displayed further indications of an early recovery in some of the areas it measures, signalling possible signs of a...

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Business & Money | Wednesday 13 July, 2016 4:51 pm

AT-RISK International Announces New Office in Dubai

AT-RISK International, LLC, a leader in executive protection, consulting, investigations, biosecurity and security training services, announced today the opening of its new office in Dubai, United Arab Emirates. Andreas Karki, a seasoned expert with in-country experience and a detailed...

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Business & Money | Wednesday 13 July, 2016 3:59 am

IKEA Saudi Arabia Show off Creative Muscles at “The Cannes Lion International Festival of Creativity”

Ghassan Ahmed Al Sulaiman Furniture Trading Co. Ltd, IKEA Saudi Arabia, along with Memac Ogilvy deservedly established their presence at the world renowned Cannes Lions International festival of creativity. The event witnessed the duo sweep three gold Lion awards, and one silver Lion in the...

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Business & Money | Tuesday 12 July, 2016 5:29 pm

Three New Global Business Leaders Join the B Team

The B Team announced today that Oliver Bäte of the Allianz Group, Andrew Liveris of The Dow Chemical Company and Arif Naqvi of The Abraaj Group will join co-founders Richard Branson, Jochen Zeitz, and 18 other global leaders from business and civil society in their collective effort...

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Business & Money | Tuesday 12 July, 2016 5:23 pm

Aon empowers cat modellers to run any model on its enhanced ELEMENTS 10 platform

Impact Forecasting, Aon Benfield’s catastrophe model development team, has launched ELEMENTS 10 – its complete catastrophe modelling platform to enhance strategic business decisions. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc...

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Business & Money | Tuesday 12 July, 2016 4:45 pm

QNB Financial Results For the Six Months Ended 30 June 2016

QNB Group, the leading bank in the Middle East and Africa (MEA) region, announced its results for the six months ended 30 June 2016. For the first half of 2016, Net Profit reached QAR6.2 billion, (USD 1.7 billion) up by 12% compared to last year. Total assets increased by 36% from June 2015 to...

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Business & Money | Tuesday 12 July, 2016 2:58 pm

Abdul Latif Jameel Motors: “More than 360 Million Imported Counterfeit Spare Parts Have Inflicted Major Losses on the Economy”

Experts in the Saudi automotive industry confirmed that the sector suffered approximately SAR2 billion in losses due to the dramatic increase in counterfeit spare parts in the local market. This worrying proliferation of fraud and counterfeiting negatively impacts not only the automotive sector,...

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