Business & Money | Wednesday 2 March, 2016 9:55 am

Western Auto opens spare parts facility in Dammam

Western Auto Company Ltd, one of the flagship companies in the renowned ETA Star Group of companies, added another feather to the cap by formally opening the new warehouse facility for the spare parts division in Dammam. Mohammed Khurshid Al Buhmail, Chairman – Arja Al Khaleej Trading...

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Business & Money | Wednesday 2 March, 2016 9:50 am

JEF opens with focus on economic diversification

The Jeddah Economic Forum (JEF) was inaugurated on Tuesday night, with Makkah Gov. Prince Khaled Al-Faisal calling for purposeful discussion on public-private partnerships as key to further economic progress. Deputy Prime Minister of Turkey Mehmet Simsek, speaking on the occasion, said that after...

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Business & Money | Wednesday 2 March, 2016 8:28 am

Well-established Gulf petrochemical industry to lift GCC stock markets says ArabPlast organizers

Although some upstream oil operators have posted results that have missed expectations, their derivative segments and other petrochemical businesses are seeing the upside of the oil price erosion revealed Satish Khanna, General Manager, Al Fajer Information and Services, co-organisers of ArabPlast, ...

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Business & Money | Tuesday 1 March, 2016 1:33 pm

Sabic Broadens Composites Portfolio With Addition of Fiber-reinforced Thermoplastic Tapes

SABIC - one of the world’s leading petrochemical companies - has expanded its growing portfolio of innovative material solutions with the recent investment in a majority stake in Fibre Reinforced Thermoplastics B.V., with manufacturing operations in Lelystad, The...

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Business & Money | Tuesday 1 March, 2016 9:44 am

Flemming Dalgaard Appointed CEO of Gulftainer

Gulftainer, the world’s largest privately-owned, independent port operator based in the UAE has announced the appointment of Flemming Dalgaard as the new Chief Executive Officer of the Group. Former CEO Peter Richards will now serve on Gulftainer’s Executive Board and lead the expansion ...

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Business & Money | Tuesday 1 March, 2016 7:01 am

Makkah emir to open Jeddah Economic Forum today

Prince Khaled Al-Faisal, emir of Makkah and adviser to Custodian of the Two Holy Mosques, will inaugurate the Jeddah Economic Forum 2016 (JEF) at Jeddah Hilton on Tuesday. More than 80 high-profile Saudi and international economic experts and business leaders will attend the three-day event with ...

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Business & Money | Tuesday 1 March, 2016 6:51 am

Shoura okays National Strategy for Housing

The Shoura Council on Monday approved the National Strategy for Housing that outlines the mechanism to make housing available for people with special needs, widows, orphans and divorcees who do not have the support of their families. The session was chaired by the Council President Sheikh...

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Business & Money | Tuesday 1 March, 2016 4:24 am

Souq.com raises more than AED 1 Billion

Souq.com, the Middle East’s largest online retail and marketplace platform, announced today that it has completed a funding round of more than                                  AED 1 Billion (USD 275 million), ...

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Business & Money | Monday 29 February, 2016 1:00 pm

ENOC to raise bar on ethics & compliance governance through Thomson Reuters partnership

Emirates National Oil Company (ENOC) has signed an agreement with Thomson Reuters to develop an eLearning suite training programme on ethics and compliance for its staff to strengthen their ability to engage with real-life scenarios of ethical best practices within the highly regulated oil &...

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Business & Money | Monday 29 February, 2016 12:04 pm

Mazola networks with partners, distributors; showcases expertise & leadership at Gulfood

Mazola, one of the pioneers of healthy and quality food products across the Gulf, held a special gala dinner for their partners and distributors at The Palace Hotel in Dubai. The dinner coincided with the Companies participation at Gulfood 2016 – the world’s largest annual food and...

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