Environment & Energy | Monday 18 January, 2016 10:04 am

Oil market will take time to stabilize, says Al-Naimi

Minister of Petroleum and Mineral Resources Ali Al-Naimi said on Sunday it would take “some time” to restore stability to the global oil market in the midst of a glut, but he remained optimistic about the future. Al-Naimi's comments come at a time when OPEC member Iran is preparing ...

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Business & Money | Monday 18 January, 2016 9:54 am

“OUT OF THIS WORLD” Technology to Appear at AMEX World Luxury EXPO in Riyadh

An “Out Of This World” elite supercar key will appear at the 4th Amex World Luxury Expo in Riyadh.   Senturion (also official partner of the Lotus F1 Team) have created a Senturion supercar key which is in fact a high technology device or bracelet made from meteorite...

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Technology & IT | Monday 18 January, 2016 8:49 am

Ericsson’s 10 hot consumer trends for 2016: Early adopters less important

In the fifth edition of its annual trend report, Ericsson (NASDAQ: ERIC) ConsumerLab presents the 10 hottest consumer trends for 2016 and beyond.  This year’s report shows consumers believe artificial intelligence (AI) will soon enable interaction with objects without the need for a...

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Business & Money | Monday 18 January, 2016 8:01 am

Kingdom to use ‘LIDAR’ for satellite imagery

The King Abdul Aziz City for Science and Technology (KACST) has filmed more than 10 million square km through its satellites during the year 2015, according to its president, Prince Turki bin Saud bin Mohammed Al-Saud. The prince said this while inaugurating the first International Remote Sensing...

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Environment & Energy | Monday 18 January, 2016 8:00 am

Abu Dhabi Sustainability Week 2016 to Drive Middle East’s Sustainability Business Opportunities in Energy, Water, and Waste Management

Driving the Middle East and North Africa’s business opportunities in sustainability across energy, water, and waste management, the most expansive and in-depth Abu Dhabi Sustainability Week 2016 opens today.   Hosted by Masdar, and running from 16-23 January 2016 at the Abu Dhabi...

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Business & Money | Monday 18 January, 2016 7:41 am

Wermuth Asset Management offers Gulf countries the opportunity to invest in resource efficient growth firms

Impact investment firm, Wermuth Asset Management, is participating in a panel at this week’s World Future Energy Summit (WFES) 2016 in Abu Dhabi.  Founding Partner, Jochen Wermuth will discuss: “The next phase of renewable energy: an insight into ‘hot’...

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Business & Money | Monday 18 January, 2016 7:34 am

64% of MENA Respondents Believe That Ethics is the Collective Responsibility of All Employees in a Company

Given the importance of ethics in the corporate world, Bayt.com has recently conducted a poll, in partnership with the Canadian University Dubai (CUD), to ascertain the role that business leaders play in encouraging ethical conduct in the Middle East and North Africa (MENA) region. The poll,...

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Tourism & Hospitality | Monday 18 January, 2016 7:32 am

THE RITZ-CARLTON HOTEL COMPANY, L.L.C. SHINES EVEN BRIGHTER ACROSS GLOBAL CULINARY SCENE

The Ritz-Carlton Hotel Company, L.L.C retained 12 of its coveted Michelin Stars in 2015, with Azure 45 at The Ritz-Carlton, Tokyo awarded its first Michelin Star. The thirteen stars across seven restaurants in six hotels within Asia and Europe, reaffirmed the luxury hotel company’s status as...

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Government | Monday 18 January, 2016 7:16 am

Kingdom, Mexico sign 9 cooperation pacts

Saudi Arabia and Mexico signed nine agreements, memoranda of understanding and technical cooperation programs in the presence of Custodian of the Two Holy Mosques King Salman and Mexican President Enrique Pena Nieto here on Sunday. A memorandum of understanding for cooperation in the field of...

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Business & Money | Monday 18 January, 2016 7:08 am

Tadawul tumbles 5.4%; sliding crude prices, global equities to blame

The slide in oil prices below $30 and global equities have been impacting the investor sentiment as well as the Saudi stock market (Tadawul), economists have said.  On Sunday, Tadawul saw its lowest close since March 2011, when the stock market index tumbled 5.4 percent in almost...

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