Business & Money | Monday 11 January, 2016 4:57 am

100% GCC tax on energy drinks and tobacco products

Consumers of tobacco, energy drinks and soft drinks will have to gear up to pay a lot more as the GCC countries have decided to impose steep taxes on these products.  The group will impose a uniform tax of 100 percent on tobacco products, 100 percent on energy drinks and 50 percent on soft...

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Business & Money | Monday 11 January, 2016 3:03 am

Jadwa Investment recognized as ‘private equity firm of the year in Kingdom’

Jadwa Investment, a Riyadh-headquartered investment management and advisory firm with assets under management of SR20 billion in public equity, private equity, real estate and fixed income, has been recognized as “Private Equity Firm of the Year in Saudi Arabia” by Finance Monthly...

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Business & Money | Monday 11 January, 2016 3:01 am

Saudi petrochemical stocks gain strength

A sell-off of small-cap speculative stocks pulled Saudi Arabia’s stock market down on Sunday, while Egypt dropped in response to weak global equities and concern about risks to the Chinese economy.  Most Gulf markets were subdued. The Saudi Tadawul All-Share Index, which had...

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Business & Money | Monday 11 January, 2016 2:22 am

DMS partners with Korabia –The Leading Football Platform in Egypt

DMS, which serves as the official digital arm of Choueiri Group, recently announced its partnership with korabia.com – The leading football news platform in Egypt, across the web as well as social media.   DMS has been appointed as the Exclusive Advertising Sales Representative for ...

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Business & Money | Sunday 10 January, 2016 12:07 pm

French Innovation and Know-how at the Aircraft Interiors and MRO Middle East Shows - Dubai– 3 and 4 February 2016

French Innovation and Know-how at the Aircraft Interiors and MRO Middle East Shows - Dubai– 3 and 4 February 2016   For the 5th consecutive year, BUSINESS FRANCE, the national agency supporting international development of the French economy, is organizing the French Pavilion at...

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Business & Money | Sunday 10 January, 2016 11:54 am

U-Mark Sport extends major discount campaign until 15 January

U-Mark Sport fulfilled the needs of its customers as it extended its major discount campaign until 15 January. Clients can continue enjoying major discounts on the world's famous brands such as Adidas, Nike Skechers, Reebok, Under Armour, Puma, Umbro, Active8, Olympia, Prince and others, which...

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Business & Money | Sunday 10 January, 2016 11:50 am

 Deloitte: Dubai a safe haven for wealthy high-net worth families and their investments

As a first-class tourism destination, and a world-leading financial services center, Dubai is seen as a safe haven for individuals from the rest of the Gulf Cooperation Council (GCC) and other Middle Eastern countries, and as an alternative jurisdiction for wealthy high-net worth families and their ...

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Business & Money | Sunday 10 January, 2016 11:46 am

Internet Leader Bayt.com Unveils Website Redesign that Focuses on Empowering Professionals

Bayt.com, the Middle East’s leading career site, has just debuted a revamped homepage, featuring innovative capabilities and cutting-edge career tools for professionals. The site’s new look, which features easier job search functionality, new learning tools, and a simple layout,...

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Business & Money | Sunday 10 January, 2016 3:30 am

Female employment figures are real, says MoL

The Ministry of Labor issued a statement recently denying reports that said Saudi women were holding 298,000 fake jobs, mostly in contracting and retail fields. The ministry said that the report had inaccurate data and information and that Saudi women's participation in the work was real in all ...

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Business & Money | Sunday 10 January, 2016 2:30 am

Emerging opportunities in India highlighted

The Consulate General of India, in association with the Saudi-Indian Business Network (SIBN), organized an event to commemorate the 14th Pravasi Bharatiya Divas (PBD) at the consulate premises on Saturday. The theme of the event was “India: Emerging economy with emerging...

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