Business & Money | Sunday 20 March, 2016 8:55 am

EY MENA Tax Conference tackles key challenges facing taxpayers in MENA

EY hosted the annual MENA Tax Conference at the St. Regis, Dubai, featuring panel sessions on the key challenges facing taxpayers in MENA today. The conference brought together C-suite executives from leading multinational companies to provide the latest updates on the changing tax landscape in...

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Business & Money | Friday 18 March, 2016 9:42 am

56% of KSA businesses recognize Ransom ware threat, yet it continues to cripple businesses

45% of businesses worldwide recognize the serious threat posed by cryptomalware, also known as ransomware, – a sharp increase from 37% in 2014, according to a joint study of information security of businesses conducted by Kaspersky Lab and B2B International in 2015 among over 5,500 IT...

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Technology & IT | Thursday 17 March, 2016 12:19 pm

Region’s C-suite Executives See “Uberization” As Primary Competitive Threat

The trend of “uberization” or industry disruption caused by an unlikely competitor has become a dominant concern of the C-suite, finds a new IBM study. In just two years, the percentage of  global C-suite leaders who expect to contend with competition from outside their industry...

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Business & Money | Thursday 17 March, 2016 10:40 am

EY launches ‘The Jeddah CFO Forum’

EY recently hosted the inaugural session of the ‘The Jeddah CFO Forum’ at the Hilton Hotel in Jeddah. The forum was attended by CFOs from some of the largest companies in the Kingdom. Ahmed Reda, Office Managing Partner, EY Jeddah, says:  “The introduction of VAT is a...

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Business & Money | Thursday 17 March, 2016 8:59 am

WCU: Strong week for oil but challenges remain

After three weeks of sideways trading the Bloomberg Commodity index, which reflects the price development of many key commodities, broke higher and reached three months high.   The charge was led by the energy sector. Gasoline surged and crude oil showed the ...

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Technology & IT | Tuesday 15 March, 2016 4:13 pm

Streaming delays mentally taxing for smartphone users: Ericsson Mobility Report

Launched at the Mobile World Congress edition of the Ericsson (NASDAQ: ERIC) Mobility Report reveals the impact of different levels of network performance on smartphone users and their perceptions of mobile operators and digital content providers.  Neuroscience technology* was used to...

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Technology & IT | Tuesday 15 March, 2016 9:02 am

Saudi Arabia’s Skyrocketing Online Presence Driven by Mobile Technology, says GCC Expert

Surging smartphone penetration in Saudi Arabia is propelling internet use across the Kingdom, presenting infinite possibilities to both businesses and the country’s tech savvy consumers, according to industry experts.    Home to one of the world’s largest online...

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Business & Money | Monday 14 March, 2016 11:29 am

49% of Respondents Expect Business Conditions to Improve in the Next Year

41% of respondents in Saudi Arabia have a positive outlook on the future of the economy in the country, according to the most recent Bayt.com Middle East and North Africa Consumer Confidence Index survey, which was conducted by Bayt.com, the Middle East’s number one job site, and YouGov, a...

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Business & Money | Sunday 13 March, 2016 6:06 pm

Alkhabeer Capital Board of Directors Approves Company's 2015 Financial Results

Alkhabeer Capital, the asset management and investment firm headquartered in Jeddah, Saudi Arabia, announced today that its Board of Directors has approved the audited financial statements for 2015.   Alkhabeer Capital’s net income for 2015 amounted to SAR 67.15 million, marking an ...

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Business & Money | Sunday 13 March, 2016 3:54 pm

Complex issues for regional CEOs

Knowledge fuels growth. Challenges lead to innovation. In 2016, the C-suite management of listed companies faces an enormous task of creating value for shareholders in an environment where GCC stock markets shed a whopping $200 billion in combined market capitalization in 2015.   Last...

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