Business & Money | Monday 7 March, 2016 6:29 am

Mr. Abdulrahman Bajunaid, CEO of RAFAL Real Estate Development Company

The Board of Directors of RAFAL Real Estate Development Company announced on January, 1st 2016, the appointment of Mr. Abdulrahman Bajunaid as CEO of the company as of January 11, 2016. Mr. Sulaiman Al Muhaidib, Chairman of RAFAL Real Estate Development Company said: “We are delighted to...

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Business & Money | Sunday 6 March, 2016 12:00 pm

VAT in the GCC: Now or Never?

Though nothing has as of yet been confirmed, senior officials from Saudi Arabia, Oman and the UAE have all referred to implementing Value Added Tax (VAT) by GCC governments over the next two years and so it seems only a matter of timing rather that 'if' VAT will come. To that...

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Business & Money | Sunday 6 March, 2016 11:38 am

AHLI UNITED BANK LIMITED LAUNCHES OPERATIONS IN DIFC, DUBAI AS FIRST GCC BANK WITH CATEOGRY 1 LICENSE

Ahli United Bank Limited (AUBL), a 100% subsidiary of Ahli United Bank B.S.C., has today launched its banking operations in Dubai International Financial Centre (DIFC), UAE with an initial paid up capital of US$ 25 million. AUBL has become the first bank in the GCC region to receive the Category 1...

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Business & Money | Sunday 6 March, 2016 11:22 am

Why Businesses Can No Longer Overlook the Employer Branding Equation

The success of a company is largely dependent on the employees it attracts and retains, and Bayt.com, the leading job site in the Middle East, now offers companies an extended scope of opportunities to utilize innovative tools and solutions to attract top quality candidates specifically by...

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Business & Money | Sunday 6 March, 2016 11:20 am

Volvo XC90 picks up two accolades at Wheels Car of the Year awards.

It was clean sweep for the Volvo XC90 as it picked up two prestigious awards from a field of strong contenders at the annual Wheels Car of the Year awards.    Volvo’s latest SUV picked up Premium SUV and Car of the Year 2016 awards from a jury comprising the motoring editors...

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Business & Money | Sunday 6 March, 2016 11:17 am

Saudi Arabia on right path to overcome weak oil prices

Weaker oil prices present a serious challenge to the growth outlook for the GCC region, which was already facing economic concerns. However, serious fiscal reform should see the region avoid recession, according to a new ICAEW report. According to the report Economic Insight: Middle East...

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Business & Money | Sunday 6 March, 2016 8:47 am

10th Annual Cisco Visual Networking Index (VNI) Forecasts 15-fold Growth in Mobile Data Traffic

Since 2000, when the first camera phone was introduced, the number of mobile users has quintupled. By 2020, there will be 5.5 billion mobile users, representing 70 percent of the global population, according to the Cisco Visual Networking Index™ (VNI) Global Mobile Data Traffic Forecast (2015 ...

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Business & Money | Sunday 6 March, 2016 8:36 am

Princess Hussa bint Salman patronizes DCA’s Makkah Charity project

 In the area of service to children with special needs in the Kingdom, the Disabled Children’s Association (DCA) provides leadership and excellence in programs and services at all its branches in the Kingdom. It has become a comprehensive awareness platform due to its active role in...

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Business & Money | Sunday 6 March, 2016 8:20 am

RSA Research Reveals Blind Spots in Threat Detection

RSA, The Security Division of EMC (NYSE: EMC), released the results of a new Threat Detection Effectiveness Survey that compiled insight from more than 160 organizations globally. The survey was designed to allow participants to self-assess how effective their organizations are at detecting and...

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Business & Money | Sunday 6 March, 2016 7:32 am

The Euromoney Saudi Arabia Conference Returns to Cover Key Financial Issues

As the Kingdom of Saudi Arabia makes plans for some of the biggest financial reforms in a generation, senior government representatives and leading bankers are set to meet for the 11th Euromoney Saudi Arabia Conference in Riyadh this May.  The Kingdom is taking bold steps to manage the...

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