Business & Money | Thursday 9 June, 2016 2:26 pm

SABIC to Highlight New Agri-Nnutrient Strategy During International Fertilizer Association Conference In Moscow

SABIC participated as a sponsor in the 84th International Fertilizer Association (IFA) conference in Moscow from May 30 to June 1, and engaged with the global farming industry to convey the company's transformation strategy aimed at becoming a complete Agri-Nutrient...

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Business & Money | Thursday 9 June, 2016 2:20 pm

IKEA Saudi Arabia to Open Second Jeddah Store

In line with its ambitious expansion plans, Ghassan Ahmed Al Sulaiman Furniture Trading Co. Ltd, IKEA Saudi Arabia, the leading home furnishings retailer, announced plans to open its first shopping mall outlet in Al Salaam mall. The store is expected to be operational in 2017, and will be the...

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Business & Money | Thursday 9 June, 2016 6:15 am

Saudi Fransi Capital announces that 79.56% of the shares offered to the retail tranche was covered by the end of the third day

Saudi Fransi Capital, the financial advisor, lead manager, bookrunner and sole underwriter for L’azurde Company for Jewelry (“L’azurde”) states that the number of retail investors amounted to 141.3 thousand investor by the end of the third day. Amount subscribed reached to...

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Business & Money | Thursday 9 June, 2016 5:29 am

Kingdom plans to showcase arts in reform drive

Saudi Arabia plans to showcase the arts and grow its media industry to counter negative stereotypes of the Kingdom, whose rights record is regularly and wrongly criticized abroad. The initiatives are part of the wide-ranging National Transformation Program (NTP) which sets targets for...

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Business & Money | Thursday 9 June, 2016 4:27 am

Arab Luxury World Successfully Reaches Conclusion

The third edition of Arab Luxury World has successfully reached its conclusion. The event saw a number of valuable insights and learnings on offer for those in attendance. Organised by Mediaquest, the two-day conference took place at The Westin Dubai Mina Seyahi, with more than 30 panel...

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Business & Money | Thursday 9 June, 2016 4:27 am

GCC maritime regulators visit Gulf Craft shipyard

GULF Craft recently welcomed 10 maritime regulators from across the GCC to one of its award-winning shipyards in the Emirates. Visitors were given a tour of the facility, and had an opportunity to witness the superyacht and yacht production process in action while meeting the skilled...

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Business & Money | Thursday 9 June, 2016 4:24 am

Al-Qassabi to supervise market during Ramadan

Commerce and Investment Minister Majed Al-Qassabi is expected to personally supervise the work of the ministry’s inspection teams, which will check the availability and prices of quality consumer goods in the market. Earlier this week, the minister held a round of talks with the directors of ...

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Business & Money | Wednesday 8 June, 2016 4:51 pm

Deloitte: Organizational design a top priority for Middle East companies

Responding to disruptive changes in digital technology, business models and workforce demographics, 92 percent of business and HR leaders around the world have identified the critical need to redesign their organization to meet global business demands. This is according to Deloitte’s fourth...

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Business & Money | Wednesday 8 June, 2016 4:48 pm

Spreads fall as petrochemical prices slip

Petrochemical product prices declined in May, after moving higher in the month of April. Ethylene, polyethylene, polypropylene prices slipped in the range of 4-9% m-o-m, even while feedstock prices (naphtha, propane) were mostly stable, indicating lower spreads and margins for petrochemical...

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Business & Money | Wednesday 8 June, 2016 3:36 pm

World’s best loved biscuit and confectionery brands unite to form new global business

Yildiz Holding, CEEMEA’s largest food company, has brought together its core biscuit, chocolate, and confectionery businesses Godiva Chocolatier, United Biscuits, Ulker and DeMet’s Candy Company, to form a new global company, “pladis”.  The new entity unites...

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