Tourism & Hospitality | Wednesday 10 February, 2016 2:19 pm

US$45.3 billion Saudi tourism market banking on GCC visitors

Saudi Arabia remains a popular destination for GCC tourists, with around 7.4 million visitors entering the Kingdom in the first six months of 2015, which represented an increase of 25% against the same period in 2014, according to official data from the Saudi Commission for Tourism & National...

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Cars & Autos | Wednesday 10 February, 2016 3:41 am

2015 another record year for Maserati across the Middle East, India and Africa

Italian luxury car manufacturer Maserati has achieved its 5th consecutive record year in terms of sales across the Middle East, India and Africa (MEIA) region in 2015. While 2013 saw the launch of the new Maserati Quattroporte and 2014 the launch of the new Ghibli, in 2015 the Trident brand...

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Tourism & Hospitality | Wednesday 10 February, 2016 2:20 am

Middle East Residents Own World’s Longest and Most Luxurious Boats

Superyacht owners from the Middle East own the longest and most luxurious yachts in the world, according to the Superyacht Builders Association (SYBAss) whose members are participating in Dubai International Boat Show running 1 – 5 March 2016. Organisers have said that the continued demand ...

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Technology & IT | Sunday 7 February, 2016 1:58 pm

54 Percent Year-Over-Year Growth in Total Bookings Revenue

 Veeam® Software, the innovative provider of solutions that deliver Availability for the Always-On Enterprise™, announced highlights of its FY 2015 results, reporting a 54 percent increase in total bookings revenue in the Middle East over the previous fiscal year, and 43 percent...

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Business & Money | Sunday 7 February, 2016 7:56 am

77 Percent Year-Over-Year Growth in Total Bookings Revenue

Veeam® Software, the innovative provider of solutions that deliver Availability for the Always-On Enterprise™, announced highlights of its FY 2015 results, reporting a record 77 percent increase in total bookings revenue in the Kingdom of Saudi Arabia over the previous fiscal year, and...

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Cars & Autos | Thursday 4 February, 2016 3:57 pm

Renault-Nissan Alliance Sells 8.5 Million Vehicles in 2015

The Renault-Nissan Alliance sold 8,528,887 vehicles in 2015, up almost 1 percent from the previous year, thanks to record sales in the United States, China and Europe.   Combined sales for the world’s fourth largest car group, which includes Renault Group, Nissan Motor Co., Ltd.,...

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Business & Money | Thursday 4 February, 2016 12:21 pm

Nearly 40% of MENA businesses believe cyber breaches or insider threats are the fastest growing fraud risk

Cyber breaches and insider threats are the fastest-growing risks and are driving investment in Forensic Data Analytics (FDA) according to MENA executives. This is  according to EY’s 2016 Global Forensic Data Analytics Survey, Shifting into high gear: mitigating risks and demonstrating...

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Business & Money | Wednesday 3 February, 2016 5:13 pm

‘There’s no Bail Out for this Banking Industry Problem in Saudi’, says Security Expert from Aruba

The finance sector in Saudi is in agreement: there’s a major threat to the success of the banking and finance industry, one that ignores boom and bust cycles, doesn’t care about stock market fluctuations and wouldn't bat an eyelid if interest rates suddenly jumped ten points. But...

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Business & Money | Wednesday 3 February, 2016 12:46 pm

Emirates NBD Saudi Arabia PMI™

Growth of Saudi Arabia’s non-oil private sector eased in January, continuing the trend seen through much of the latter part of 2015. In fact, business conditions improved at the weakest pace in the survey’s six-and-a-half year history, with a muted rise in new work the key factor behind ...

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Business & Money | Tuesday 2 February, 2016 2:04 pm

EMC Reports Fourth-Quarter and Full-Year 2015 Results

EMC Corporation (NYSE:EMC) today reported fourth-quarter and full-year 2015 financial results. Fourth-quarter consolidated revenue was $7 billion and full-year 2015 revenue was $24.7, up 1% year over year EMC generated $1.9 billion in operating cash flow and $1.5 billion in free cash...

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