Cars & Autos | Sunday 8 May, 2016 11:45 am

All-New Ford GT Earns First Competitive Victory at Laguna Seca via EcoBoost Fuel Economy

History was made at Laguna Seca Raceway as the all-new Ford GT earned its first competitive win today, thanks to the fuel economy of the Ford EcoBoost engine and commanding drives by co-drivers Ryan Briscoe and Richard Westbrook. The duo started the two-hour race on the front row in the second...

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Business & Money | Sunday 8 May, 2016 11:42 am

EMC Unity Delivers Powerful All-Flash Storage for Small and Mid-sized IT Departments

EMC Corporation (NYSE:EMC) today announced EMC Unity™, a new family of storage systems that helps simplify and modernize the data center. Unity is the latest member of EMC’s all flash portfolio delivering highly affordable file and block storage for small and medium-sized IT...

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Tourism & Hospitality | Sunday 8 May, 2016 11:16 am

Investment Corporation of Dubai Acquires Exclusive Adriatic Superyacht Marina and Waterfront Development

The Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, announced today that it has agreed to the purchase of Porto Montenegro Marina and Resort, a landmark yacht marina and waterfront development in Montenegro, from Montport Capital. Located within...

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Business & Money | Sunday 8 May, 2016 11:05 am

Electro opens its first showroom in Jeddah

Advanced Electronics Equipment Co. (Electro), specialized in the field of household appliances and electronics, today opened its 6th showroom in the Kingdom and the first in  Jeddah, which is the first  showroom in the Western region, that will be followed soon by   the 7th showroom...

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Business & Money | Sunday 8 May, 2016 8:51 am

Saudi Business Insight - Mobile Optimized Work Environments Drive Measurably Higher Employee Engagement and Business Performance

A new global study, ‘Mobility, Performance and Engagement’ by the Economist Intelligence Unit (EIU) has established a measurable link between ‘more mobile-first’ working environments, and an increase in employee engagement, proving that CIOs can drive increased business ...

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Environment & Energy | Sunday 8 May, 2016 6:15 am

New Energy Minister Khalid Al-Falih was longtime Saudi Aramco chief

Khalid Al-Falih, named byon Saturday to head a super Ministry of Energy, Industry and Mineral Resources, was the longtime chief of state oil giant Saudi Aramco. From 2009, he was Saudi Aramco’s president and CEO, in charge of about 60,000 employees at the firm which produces roughly one in...

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Government | Sunday 8 May, 2016 5:14 am

itizens welcome reshuffle

The major changes in Saudi ministries and reshuffling of Cabinet members announced on national TV on Saturday have drawn favorable reactions from a cross section of society. “The changes were expected in the wake of the announcement of Vision 2030 by Custodian of Two Holy Mosques King...

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Business & Money | Sunday 8 May, 2016 4:18 am

Saudi Arabia replaces SAMA governor

The Kingdom has appointed Ahmed Al-Kholifey as Saudi Arabian Monetary Authority governor, replacing Fahad Al-Mubarak as part of a government reorganization, SPA reported..  Al-Kholifey, named to the role in a royal order from King Salman, was previously deputy governor for research and...

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Government | Sunday 8 May, 2016 4:11 am

Vision 2030 takes off

Custodian of the Two Holy Mosques King Salman announced sweeping changes and named new ministers as well as chiefs of local government bodies in a series of royal decrees issued here Saturday. King Salman replaced the long-serving Minister of Petroleum and Mineral Resources Ali Al-Naimi with...

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Business & Money | Sunday 8 May, 2016 4:08 am

Automechanika 2016 opens in Dubai today

The Middle East’s growing appetite for tires and batteries will be underlined by a record exhibitor turnout in this dedicated product segment at the region’s largest auto aftermarket trade show next week. A total of 220 global manufacturers will showcase their tire and...

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