Business & Money | Thursday 7 January, 2016 5:24 am

Saudi Aramco signs deal to build employee homes

Saudi Aramco has signed a second contract to build homes for its employees, the state-owned oil company said in its weekly magazine The Arabian Sun. The contract to build 791 homes is part of plans to build more than 8,000 homes in total, as well as schools and community facilities. The new...

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Business & Money | Thursday 7 January, 2016 2:45 am

Deloitte: Tax reform in the GCC approaching

Tax reform in the Gulf Cooperation Council (GCC) region is a matter of when, not if, and Saudi Arabia is not immune. The Kingdom, one of the leading economies in the region, and a member of the G20, is committed to the Base Erosion and Profit Shifting (BEPS) initiative and Organization for Economic ...

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Business & Money | Wednesday 6 January, 2016 5:22 pm

SWIFT announces 10% rebate on 2015 messaging

SWIFT announces a 10 percent rebate on 2015 messaging fees, returning approximately EUR32 million to SWIFT users around the world. The rebate will be paid in March 2016. “This year’s rebate is a reflection of SWIFT’s continued commitment to the global banking community,”...

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Business & Money | Wednesday 6 January, 2016 5:07 pm

Huawei Highlights Key Industry Partnerships in Premium Consumer Devices at CES 2016

As part of its announcements at CES 2016, the Huawei Consumer Business Group shared the details of a slate of partnerships that will create a new consumer ecosystem in mobile, bringing together the best in technology, payment, sound and fashion in its newly launched consumer electronic devices. At...

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Business & Money | Wednesday 6 January, 2016 5:05 pm

Continuous Glucose Monitoring Device DEXCOM G4 PLATINUM Now Available in GCC Through Julphar

The revolutionary real-time continuous glucose monitoring device (CGM), DEXCOM G4 PLATINUM is now available in UAE, KSA, Kuwait and Oman and will soon be available in Qatar, Bahrain and Lebanon. With this unique technology, diabetic patients can easily and...

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Business & Money | Wednesday 6 January, 2016 2:32 pm

MAKE THE MOST OF ‘AMPLE’ OPPORTUNITIES FOR GROWTH, SHEIKH FAISAL BIN QASSIM AL THANI TELLS QATAR’S ENTREPRENEURS

A growing population looking for a wider range of goods and services is creating “ample business opportunities” for Qatari entrepreneurs across the board, Sheikh Faisal bin Qassim Al Thani, Chairman of industry giant Al Faisal Holding has said.   Sheikh Faisal told the global ...

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Business & Money | Wednesday 6 January, 2016 2:08 pm

The First Investor recognized by the 2015 IAIR Awards

The First Investor (TFI), the investment banking division of the Barwa Bank Group, was recognized at the IAIR Awards 2015 for its legal expertise and excellence.  At the awards’ 19th edition, The First Investor walked away with the Legal Team of the Year - Investment Banking accolade, ...

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Business & Money | Wednesday 6 January, 2016 7:14 am

HVACR Expo Saudi ’16 to debut in Jeddah amid strong optimism

With the HVACR industry in Saudi Arabia ranking as the third largest market in the world, there’s a high demand for both international and local companies to benefit from this tremendous opportunity, said vice president of M.I.C.E. Arabia Elliott Rizk ahead of the 3-day HVACR Expo Saudi 2016...

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Business & Money | Wednesday 6 January, 2016 5:09 am

Deal signed for 665 Saudi students to study abroad

The Ministry of Education recently signed a partnership with the Ministry of Transport on sending 665 students in different disciplines to study abroad. After graduation from their respective courses, the students will come back to the Kingdom and work at the Ministry of Transport. Education...

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Business & Money | Wednesday 6 January, 2016 2:02 am

Egypt to name new city after King Salman

 Egypt plans to name a new city development over 10,000 acres near Cairo after Custodian of the Two Holy Mosques King Salman. The announcement was made by Egyptian Minister of Housing Mustafa Madbouli on Monday during a briefing on several major projects, including the new administrative...

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