Business & Money | Tuesday 1 March, 2016 4:24 am

Souq.com raises more than AED 1 Billion

Souq.com, the Middle East’s largest online retail and marketplace platform, announced today that it has completed a funding round of more than                                  AED 1 Billion (USD 275 million), ...

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Cars & Autos | Tuesday 1 March, 2016 3:35 am

The new BMW X1. Urban all-rounder delivers boundless driving pleasure to the Kingdom

Mohamed Yousuf Naghi Motors, the official importer of BMW Group vehicles in Saudi Arabia, has welcomed the new BMW X1 to its showrooms across the Kingdom. Having already sold more than 740,000 units worldwide, the newest addition X1 is already turning heads with its new design, a sporting character ...

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Technology & IT | Monday 29 February, 2016 5:13 pm

People could become “uninsurable” thanks to use of big data

The ability to collect and use highly personalised data could mean factors like genetics, how active you are or whether you need to drive at night means insurance products could become unaffordable - or insurers may refuse to take on certain risks. Audit insights: insurance, based on...

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Tourism & Hospitality | Monday 29 February, 2016 5:03 pm

HRH Prince of Riyadh lays foundation stone for The Riyadh Marriott Hotel Diplomatic Quarter

Under the patronage of His Royal Highness Prince Faisal bin Bandar, Dur Hospitality has celebrated laying the foundation stone of the Riyadh Marriott Hotel Diplomatic Quarter  and Marriott Executive Apartments Riyadh Diplomatic Quarter. Both properties are expected to open in 2018, adding...

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Business & Money | Monday 29 February, 2016 1:00 pm

ENOC to raise bar on ethics & compliance governance through Thomson Reuters partnership

Emirates National Oil Company (ENOC) has signed an agreement with Thomson Reuters to develop an eLearning suite training programme on ethics and compliance for its staff to strengthen their ability to engage with real-life scenarios of ethical best practices within the highly regulated oil &...

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Technology & IT | Monday 29 February, 2016 12:56 pm

Mark Zuckerberg drops by Samsung Galaxy S7 launch and takes audience by surprise

Mark Zuckerberg, the CEO of Facebook, surprised Samsung’s audience in line with the announcement of the all new Galaxy S7 devices by visiting the launch event this week. The audience had their Samsung Gear VR on for a demo when Mark Zuckerberg snuck in un-recognized. As soon as the audience...

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Technology & IT | Monday 29 February, 2016 12:13 pm

Zain Saudi Arabia's Full-Year Financial Results Confirms Record-Breaking 2015

The Company's revenues grew by 9% year on year (YoY), to reach SAR 6,741 million for the year compared with SAR 6,170 million in 2014.  Gross profit increased by 23% to reach a record SAR 3,951 million for 2015 with a gross margin of 59%, up from SAR...

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Business & Money | Monday 29 February, 2016 12:04 pm

Mazola networks with partners, distributors; showcases expertise & leadership at Gulfood

Mazola, one of the pioneers of healthy and quality food products across the Gulf, held a special gala dinner for their partners and distributors at The Palace Hotel in Dubai. The dinner coincided with the Companies participation at Gulfood 2016 – the world’s largest annual food and...

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Business & Money | Monday 29 February, 2016 11:58 am

Product of the Year Gulf Awards reinforces focus on innovation

The overall market sentiment may look a bit challenging across sectors, but one award has inspired companies to buck the trend, so to say. The 2016 Product of the Year Gulf Awards (POY), renowned worldwide for its recognition of innovation, has once again reaffirmed its popularity with more and...

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Business & Money | Monday 29 February, 2016 11:47 am

Digitization Will Supercharge Kingdom of Saudi Arabia’s Proposed USD 4 Trillion Economic Plan by 2030

Digitization will supercharge the Kingdom of Saudi Arabia’s potential USD 4 trillion non-oil economic investment needed through 2030, industry experts announced at the recent Mobile World Congress.   Facing a volatile oil and gas market, and with half of the population under 25...

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