Government | Sunday 30 September, 2018 12:42 pm

Crown Prince arrives in Kuwait on Sunday

Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, will arrive in Kuwait on Sunday in a landmark visit that will further strengthen bilateral ties in all fields. The visit will be “another important milestone in the long and historic relations,” Kuwaiti...

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Business & Money | Sunday 30 September, 2018 12:27 pm

SR1.106 trillion estimated Saudi budget for 2019

Saudi Arabia's estimated budget for 2019 is expected to reach record level at SR1.106 trillion, Finance Minister Mohammed Al-Jadaan said on Sunday. The government also expects to run a budget deficit of SR128 billion ($34.1 billion) next year, against a deficit of SR195 billion projected for ...

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Business & Money | Sunday 30 September, 2018 9:53 am

Snapchat Unveils Next Generation of E-commerce Ad Products

Following the launch of an advanced performance marketing suite this June, Snap is now launching the next phase of e-commerce advertising on the platform. This includes four signature advancements available globally to advertisers.   The move comes as Snap’s direct response ads are ...

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Business & Money | Sunday 30 September, 2018 9:45 am

UAE Banks Federation reveals dynamic agenda and prestigious line-up of speakers for Middle East Banking Forum 2018

The event will gather over 400 senior bankers and industry experts gather in Dubai to explore the future of the region’s banking industry   The UAE Banks Federation (UBF) has unveiled details of the agenda and speaker line-up for the sixth edition of the Middle East Banking Forum,...

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Business & Money | Sunday 30 September, 2018 9:40 am

Top UAE analysts pinpoint investment sweet spot in expat ‘rent vs buy’ debate

    Young professionals, families both yield best long-term results from properties valued at AED1.5 million price point   Top real estate analysts weigh in on the debate to buy or rent property in Dubai for expatriates, identifying the ideal price point in the market...

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Healthcare | Saturday 29 September, 2018 9:05 am

Saudi healthcare market needs $37.3b investment

The healthcare market in Saudi Arabia requires an estimated $23.6 billion – $37.3 billion new investment as the population grows at a rate of 2.65% per annum, said Colliers International, the global commercial real estate leader, in its latest white paper on the healthcare sector in the...

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Business & Money | Saturday 29 September, 2018 8:03 am

GCC total capex in research facilities at 38.4bn by 2030

Gulf Cooperation Council (GCC) countries are investing heavily in state-of-the-art labs, university buildings, and research facilities. Their total capital expenditure from 2010 to 2030 will reach $38.4 billion. However, so far, they have not put similar efforts into high quality research and...

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Business & Money | Friday 28 September, 2018 9:59 am

Reforms change Saudi shopping habits

Saudi Arabia’s malls and bazaars are changing as retailers embrace a shift in shopping habits brought about by reforms to diversify the economy away from oil. Reforms to bring women into the work force and encourage entertainment has lifted other types of spending. The reforms are part...

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Business & Money | Friday 28 September, 2018 8:02 am

Virgin Megastore set to open its biggest branch in ‘Riyadh Front’

Virgin Megastore is preparing to open its world’s largest and most modern store in Riyadh’s new mega project “Riyadh Front”. The store is expected to be ready during the first quarter of the 2019, after the completion of construction and preparation works.  The...

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Business & Money | Thursday 27 September, 2018 10:54 am

Korn Ferry 2018 Salary & Benefits Study Shows Strong Results for Saudi Companies Translating to Employee Salary Increases

New data from the Korn Ferry 2018 Salary and Benefits Study shows positive signs that the Saudi Arabia economic transformation strategy is helping drive strong business results. Those results are translating into measurable salary and bonus increases for employees at all levels, with “high...

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