Business & Money | Thursday 26 October, 2017 8:37 am

Zain Saudi Arabia turnaround continues, reports 3rd consecutive quarterly profit

Zain Saudi Arabia reported its third consecutive quarterly net profit for the period ending 30 September 2017 reflecting a significant turnaround in the company’s historical performance. Ongoing focus on customer acquisitions, further improvement in quality of service and network reach and...

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Business & Money | Thursday 26 October, 2017 7:33 am

Emaar Hospitality Group appoints Ibrahima Gaye as Corporate Director of Engineering

Emaar Hospitality Group, the hospitality & leisure business of Emaar Properties PJSC, has appointed Ibrahima Gaye, an engineering expert with over 20 years’ experience - 14 in the hospitality industry - as the Corporate Director of Engineering.   To focus on innovative...

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Business & Money | Thursday 26 October, 2017 7:22 am

MoU inked to establish Solar Energy Plan 2030

The Public Investment Fund (PIF) and Softbank Vision Fund signed a memorandum of understanding (MoU) on Wednesday to establish the ‘Solar Energy Plan 2030’, which will be a new framework for development of the Kingdom’s solar energy sector. The MoU was signed during the...

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Business & Money | Thursday 26 October, 2017 7:18 am

wasl properties releases ‘wasl Opal’ for leasing

wasl properties, a subsidiary of wasl Asset Management Group, has released its highly anticipated ‘wasl Opal’ building for leasing, bringing 90 new residential units and additional retail spaces in Umm Hurair, close to Karama Central Post Office. The project reflects wasl’s...

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Cars & Autos | Thursday 26 October, 2017 7:11 am

‘40-Day Full Down Payment On Us’ Campaign at INFINITI of Arabian Automobiles

Arabian Automobiles Company, the flagship company of the AW Rostamani Group and the exclusive dealer for INFINITI in Dubai, Sharjah and the Northern Emirates, is giving its customers a 40-day golden opportunity to buy new INFINITI cars with no down payment. Through this 40-day period, INFINITI will ...

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Business & Money | Thursday 26 October, 2017 6:49 am

Emaar wants to do more business in Saudi Arabia

Mohamed Alabbar, the Emaar Properties chairman, is keen to do further business with Saudi Arabia, and would like to help the Kingdom to develop the $500 billion Neom project announced at the opening day of the Future Investment Initiative in Riyadh. Speaking on the sidelines of the conference, ...

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Government | Thursday 26 October, 2017 6:42 am

Crown Prince meets US treasury secretary

Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, met US Treasury Secretary Steven Mnuchin on the sidelines of the Future Investment Initiative (FII) sessions in Riyadh on Wednesday. During the meeting, they discussed major economic issues between the Kingdom and the...

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Business & Money | Thursday 26 October, 2017 6:34 am

Alpha Destination Management Partners with Expedia to Operate ‘Expedia Local Expert’ in Dubai & Abu Dhabi

Alpha Destination Management, the leading destination management company in the Arabian Gulf, has signed an exclusive agreement with Expedia, the world’s largest online travel company, to operate the Expedia Local Expert® program in Dubai and Abu Dhabi. The agreement will be effective...

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Business & Money | Thursday 26 October, 2017 6:23 am

King Faisal International Prize helps highlight role of Arabs in humanity’s progress during last 40 years

As part of its efforts to highlight the role of Arabs in the progress of mankind, the King Faisal International Prize has so far recognized the contributions of 108 Arabs, including individuals of Arab origin, as well as Arab organizations. Among the individual winners are rulers,...

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Government | Thursday 26 October, 2017 4:00 am

SoftBank books $3 billion in first 5 months of partnership with Saudi PIF

Masayoshi Son, the partner of Saudi Arabia’s Public Investment Fund, revealed that his Vision Fund has made a return of 22 percent in its first five months of operation and turned in a profit of $3 billion. Now he is ready to launch similar funds in the near future. Son, also founder...

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