Business & Money | Monday 7 March, 2016 12:02 pm

PRCO Dubai To Represent Porto Montenegro in the GCC

Porto Montenegro, the Mediterranean’s leading luxury super yacht homeport and marina village, is now represented in the GCC by international integrated communications agency, PRCO Dubai.   The collaboration kicked off with Porto Montenegro’s recent participation at the...

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Business & Money | Monday 7 March, 2016 10:00 am

IKEA Saudi Arabia Launches Wireless Charging Making Life at Home More Convenient

Ghassan Ahmed Al Sulaiman Furniture Trading Co. Ltd, IKEA Saudi Arabia, the leading home furnishings company in the region, announced the launch of a new design collection integrating wireless charging of mobile phones and reading tablets into beautiful and functional home furnishing. The new...

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Business & Money | Monday 7 March, 2016 9:34 am

Saudi Build 2016 sees bright outlook as construction sector remains upbeat

Saudi Build, the 28th International Trade Exhibition for Construction Materials, Building & Environmental Technology, Saudi Arabia’s most significant construction event for over two decades, is set to take place once again at Riyadh International Convention & Exhibition Centre (RICEC) ...

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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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