Business & Money | Monday 20 June, 2016 12:42 pm

PDO and Oman Air Partner on Job Creation Deal

Petroleum Development Oman (PDO) and Oman Air today (19 June) joined forces to create 400 jobs for young Omanis at the new Muscat International Airport.   The two companies signed a Memorandum of Understanding (MoU) committing PDO to support the training of the jobseekers in a variety of ...

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Business & Money | Monday 20 June, 2016 9:45 am

Doha Bank Hosts Garangao Celebrations

On the occasion of the holy month of Ramadan, Doha Bank, one of Qatar’s largest private commercial banks , organized a week-long lineup of activities to celebrate the traditional festival of Garangao. The Garangao festival marks the breaking of the fast on the 14th night of Ramadan, and sees...

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Business & Money | Monday 20 June, 2016 8:32 am

Jadwa Investment: Recent uptick in oil prices presents US shale oil with a potential life-line

According to a report, heavy cost-cutting measures, technological improvements and hedging allowed US crude oil production to remain positive in 2015, this will not be the case in 2016. During Q1 2016, US oil production saw its first year-on-year decline in eight years and this decline is expected...

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Business & Money | Monday 20 June, 2016 5:43 am

ZENITH HOSTS AN ELITE SET OF EVENTS TO LAUNCH THE Zenith El Primero Cohiba EDITION IN DUBAI

Swiss watchmaking company, Zenith, recently hosted an exclusive launch event for the ZENITH EL PRIMERO COHIBA in Dubai. The event that took place in collaboration with Zenith’s luxury retail partners in the city, Rivoli Group, was held at the N.5 Cigar lounge at the Ritz Carlton-DIFC. Select...

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Business & Money | Monday 20 June, 2016 5:01 am

Americans show keen interest in Saudi Vision 2030 and NTP 2020

Saudi Vision 2030 and the National Transformation Program (NTP) 2020 derived from it have caught the attention of the American government, economists, financiers and mega companies after they were briefed about these by Deputy Crown Prince Muhammad Bin Salman, second deputy premier and minister of...

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Business & Money | Monday 20 June, 2016 3:57 am

KSA to grant 3M, Pfizer licenses to invest

Saudi Arabia is set to grant licenses to American firms 3M and Pfizer to operate and invest in the kingdom, Minister of Commerce and Investment Majed bin Abdullah Al-Qasabi has said. He said the agreements are to be signed during Deputy Crown Prince Mohammad bin Salman’s ongoing visit to the ...

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Business & Money | Sunday 19 June, 2016 5:04 pm

Women in procurement professional roles network and hear from business leaders on the future of the profession

The Chartered Institute of Procurement & Supply MENA (CIPS MENA) welcomed female procurement and supply chain professionals from the KSA region (Kingdom of Saudi Arabia) at Sofitel Al Khobar, to the first Women in Procurement event in the region.   The event was attended by 37...

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Business & Money | Sunday 19 June, 2016 3:41 pm

L’azurde IPO retail tranche oversubscribed by 2.9 times

The CEO of  Saudi Fransi Capital, the financial advisor, lead manager, bookrunner and sole underwriter for L’azurde Company for Jewelry (“L’azurde”) stated that it successfully completed L’azurde’s retail tranche offering on 08/09/1437H corresponding to...

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Business & Money | Sunday 19 June, 2016 1:40 pm

PwC: GCC companies should take action now to prepare for VAT and Excise Tax

The GCC Ministers of Finance held an extraordinary meeting on Thursday 16 June in Jeddah and approved in principle the Value Added Tax (VAT) and Excise Tax treaties. Some administrative matters still need to be resolved, notably with regards to the tax collection mechanism related to intra-GCC...

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Business & Money | Sunday 19 June, 2016 1:17 pm

UAE’S Rapid Progress In Industrialization

The United Arab Emirates boasts of having the second-largest economy in the Arab world and last year it became the fifth fastest growing economy in the world. This triumphant growth is attributed to the flourishing trade in the region and a noticeable progress in developing key economic growth...

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