Business & Money | Thursday 30 July, 2015 3:22 am

New tire rules to take effect in November

The board of the Saudia Standards, Metrology and Quality Organization has announced that mandatory application of the regulations on new tires produced or sold in the Kingdom will commence in November this year. The board explained that the technical regulations have set limits for rolling...

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Business & Money | Thursday 30 July, 2015 3:19 am

Haramain Train makes first trial run

The Saudi Railways Organization conducted the first successful trial run of the Haramain Express Train on Tuesday on a 100-kilometer stretch between Rabigh and Madinah. The 450-kilometer high-speed railway linking Makkah and Madinah via Jeddah and Rabigh is expected to become fully operational next ...

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Business & Money | Thursday 30 July, 2015 2:44 am

TURNING THE TIDE ON OCEAN PLASTIC POLLUTION

Retrieved by Parley for the Oceans from shorelines around the world, the RAW for the Oceans collection repurposes approximately 700,000 PET plastic bottles each season through its use of Bionic yarn. Since the collaboration’s inception, partner Parley has cleared 53 tonnes of plastic debris...

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Business & Money | Thursday 30 July, 2015 1:41 am

Visa and Stripe Partner to Expand Online Commerce Globally

Visa Inc. (NYSE:V) and Stripe, a mobile and online payment provider, today announced a strategic partnership to support new technologies and online payment experiences for merchants, developers and consumers worldwide. Through this relationship, Stripe will accelerate its international expansion,...

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Business & Money | Wednesday 29 July, 2015 1:30 pm

GE LIGHTING JOINS ARAB FUTURE CITIES SUMMIT AS ‘SMART LIGHTING PARTNER’

Expotrade, organizers of the 2nd Annual Arab Future Cities Summit Dubai 2015 is proud to announce GE Lighting as a ‘Smart Lighting Partner’ for this year’s edition of the summit. Held under the patronage of the Dubai Municipality, the two-day summit will take place on 2-3 November ...

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Business & Money | Wednesday 29 July, 2015 6:08 am

MENA governments considering new tax measures to meet budget expeditures

To preserve economic and social stability and continue with development plans, MENA governments are considering tax measures to broaden their revenue base and increase tax yields. The evolving tax landscape in the MENA region was discussed at the EY MENA Tax Conference held recently in London. The...

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Business & Money | Wednesday 29 July, 2015 12:37 am

DEPA SIGNS NEW CONTRACTS WORTH AED 719 MILLION

Depa Limited [Nasdaq Dubai: DEPA; “the Company”/“the Group”], one of the world’s leading interior contracting companies, signed new contracts worth over AED 719 million* in the first half of 2015 as the Company cemented its position in core markets by winning the...

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Business & Money | Wednesday 29 July, 2015 12:13 am

LP Building Products Announces Entrance into Gulf Cooperation Council Region

LP Building Products has announced its intention to expand into the Gulf Cooperation Council (G.C.C.) region. For the first time, the building products company will be offering LP® SolidStart® Laminated Strand Lumber (LSL) stile and rail door stabilizers to wholesalers, remanufacturers ...

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Business & Money | Tuesday 28 July, 2015 4:17 pm

New Qualitative report by Citi and Nielsen

New Qualitative report by Citi and Nielsen reveals: Exclusivity and New Experiences amongst New Life Themes of High Net Worth Individuals (HNWI) in the UAE   Report also reveals key attitudes and trends towards wealth management:   Arriving HNWI: Respondents are more focused...

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Business & Money | Tuesday 28 July, 2015 4:13 pm

3M to Acquire Capital Safety

Acquisition Expands 3M’s Presence in Fast-Growing Personal Protective Equipment Industry 3M announced today that it has entered into a definitive agreement to acquire Capital Safety from KKR for a total enterprise value of $2.5 billion, including the assumption of...

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