Business & Money | Sunday 15 March, 2015 12:00 am

Experts To Debate MENA Prepaid Market: Multi-Currency Prepaid Travel Cards Under Spotlight

Prepaid Summit and Awards: Middle East 2015 in association with Visa This week’s sixth Prepaid Summit: Middle East is set to table a smorgasbord of current and emerging trends, according to Douglas Blakey, Group Editor for Consumer Finance at Timetric Financial Services, the event organiser. He...

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Business & Money | Sunday 15 March, 2015 12:00 am

Residential projects on fast track in DIP; 1,150 units currently under construction

DIP to have nearly 15,000 residential units when the current construction phase is completed in three years’ timeDubai Investments Park [DIP], the unique integrated commercial, industrial and residential community in Middle East and a subsidiary of Dubai Investments, has announced that over 1,150 ...

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Business & Money | Sunday 15 March, 2015 12:00 am

Masdar, ACWA Power, EEHC Sign MoU to Explore New Power Generation in Egypt

Agreement envisions up to 4GW of renewable and natural gas projects Masdar, ACWA Power and the Egyptian Electricity Holding Company (EEHC) have concluded a Memorandum of Understanding (MoU) to explore developing up to 4 Gigawatts of renewable and natural gas power generation projects in Egypt. Dr....

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Technology & IT | Saturday 14 March, 2015 10:33 am

WD® DELIVERS WORLD’S MOST POWER-EFFICIENT HIGH-CAPACITY 3.5-INCH HDD FOR MODERN DATACENTERS

- New WD Re+ Hard Drive Offers 6 TB While Consuming Only 6 Watts and Is Key Component of Company’s Expanding Capacity Storage Portfolio- WD®, a Western Digital (NASDAQ: WDC) company and world leader in storage today introduced new datacenter hard drives that deliver to today’s modern...

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Tourism & Hospitality | Friday 13 March, 2015 3:47 am

Prince Faisal opens Al-Fursan village in Al-Ula

Madinah Gov. Prince Faisal bin Salman opened the first phase of Al-Fursan village and Al-Fursan festival in Al-Ula on Thursday in the presence of senior officials.The governor was briefed on the village, which was designed in line with Al-Ula’s heritage and modern architecture.The village has a...

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Business & Money | Friday 13 March, 2015 3:43 am

100% foreign ownership in most sectors: SAGIA

Saudi Arabia allows foreign investors to have 100 percent ownership of their projects, except in four sectors where they require a Saudi partner, said a senior official of Saudi Arabian General Investment Authority (SAGIA).Ayedh Al-Otaibi, director of Investment Regulations Development and...

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Government | Friday 13 March, 2015 3:41 am

Restaurants, groceries close shop in anticipation of raids

Several restaurants, grocery stores and other shops have closed their doors since the government launched its latest crackdown on illegal workers, Arab News has found.The campaign is aimed at arresting workers working without permits or in jobs not stated on their residence permits. Many small...

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Business & Money | Friday 13 March, 2015 3:39 am

Govt orders Saudization of public transport industry

Makkah Gov. Prince Khaled Al-Faisal, who is also the chairman of the ministerial supervisory committee on public transport, has ordered all contracts for the public transport system (including metro and buses) in Makkah, Jeddah and Taif to incorporate a clause for the Saudization of the public...

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Business & Money | Friday 13 March, 2015 3:38 am

Saudi push to boost Egyptian economy

World leaders have started arriving in Sharm El-Sheikh to attend a major economic conference that opens on Friday to mobilize $12 billion in foreign investment to jump-start Egypt’s battered economy.Crown Prince Muqrin, deputy premier, will lead the Kingdom’s delegation to the conference, said...

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Technology & IT | Friday 13 March, 2015 3:09 am

Eyefi Introduces Eyefi Mobi Pro

Eyefi (www.eyefi.com), the global leader in digital photo apps and services, today launched Eyefi Mobi Pro, a new 32GB WiFi SD card – the most powerful WiFi SD card ever. Mobi Pro is the latest in the company’s product portfolio and combines advanced wireless transfer features with photo apps...

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