Business & Money | Friday 13 May, 2016 6:21 am

Saudi Vision 2030 Enables Kingdom to Leapfrog in Digital Economy Innovation

Public-private partnerships in technology will drive Saudi Vision 2030, and support the Kingdom to leapfrog in Digital Economy innovation, industry experts announced today at the SAP Saudi Forum.   “Technology mega-trends such as hyper-connectivity and the cloud can enable the...

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Business & Money | Friday 13 May, 2016 5:26 am

Hajjar to replace Ahmed Ali as IDB chief

Saudi Arabia has proposed Bandar Hajjar, former minister of Haj, as the new president of the Islamic Development Bank (IDB) Group. Hajjar will replace Dr. Ahmed Muhammad Ali, who has been serving as the president of IDB for most of the period ever since its inception in 1975, the Saudi Press Agency ...

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Business & Money | Thursday 12 May, 2016 2:55 pm

Marka Announces Q1 2016 Financial Results

Marka PJSC (DFM: MARKA), the first retail-focused listed company in the UAE, today released its interim financial results for the first quarter of 2016. For the three months ending 31st  March 2016, the company reported total revenue of AED 75,730 million. Total losses reported for the period...

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Business & Money | Thursday 12 May, 2016 1:54 pm

Deloitte: Transforming gender balance in the Middle East

Monitor Deloitte recently published a white paper “Getting the balance right- A blueprint for gender balance in the Middle East private sector” which showcases the firm’s recognition of the importance of gender balance in driving economic engines and improving organizations’ ...

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Business & Money | Thursday 12 May, 2016 1:47 pm

King Abdullah Economic City Exhibits Upscale Aspirational Lifestyle at AL-Murooj District

King Abdullah Economic City (KAEC) will hold an exhibition for its ready-to-deliver “Al-Manazel” land plots in the Al-Murooj district, an upscale living solution to the aspirational needs of today’s affluent Saudis and investors. The event will be held at the Jeddah Hilton Hotel...

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Business & Money | Thursday 12 May, 2016 1:32 pm

adidas Group with stellar financial performance in Q1 2016

Major developments in Q1 2016:   • Group sales increase 22% on a currency-neutral basis  • Accelerating momentum at both adidas (+26%) and Reebok (+6%)  • Double-digit growth in all markets except Russia/CIS  • Gross margin grows 0.3pp to...

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Business & Money | Thursday 12 May, 2016 1:28 pm

Interview with- Atul Batra, Chief Technology Officer, Manthan

How is the transformation in analytics solution being perceived for the growth of retail?   Making the right decisions at the right time with the right context is critical for growth. Hence analytics becomes a key propeller of the growth eco-system, more so in the Retail sector where...

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Business & Money | Thursday 12 May, 2016 1:18 pm

Landmark upgrade for Bahrain’s power grid with Siemens technology

Siemens has been awarded a landmark contract to upgrade the Kingdom of Bahrain’s energy infrastructure with a new high-voltage power transmission network, strengthening the country’s electricity supply. The contract, awarded to Siemens by the Electricity and Water Authority (EWA) in...

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Business & Money | Thursday 12 May, 2016 9:15 am

The 2nd annual Future BIM Implementation Qatar: A step forward towards achieving Qatar National Vision

Advanced Conferences & Meetings (ACM) proudly launched the 2nd annual Future BIM Implementation Qatar conference at InterContinental Hotel The City, Doha, Qatar. This conference created the perfect platform for the government authorities, consultants, contractors and BIM technology...

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Business & Money | Thursday 12 May, 2016 3:45 am

Al-Qassabi pledges to work hard to achieve 2030 goals

The new Commerce and Investment Minister Majid Al-Qassabi pledged on Tuesday to work hard and do his best to achieve the aspirations of the wise leadership in accordance with the Kingdom’s 2030 Vision. The minister was speaking in Madinah at the Third Awards Ceremony for Excellent...

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