Business & Money | Tuesday 29 December, 2015 9:58 am

SaxoTraderGO introduces Touch ID support

Saxo Bank, the online trading and investment specialist, has enabled client identification on SaxoTraderGO through biometric verification. This application update for iPhones and iPads containing Touch ID support has been released to Saxo Bank clients and is now globally available. As an...

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Business & Money | Tuesday 29 December, 2015 7:44 am

2016 Budget

The government’s budget for the 2016 fiscal year (31 December 2015 to 30 December 2016) was endorsed by the Council of Ministers on 28th December. It points to a sustained commitment in maintaining a high level of spending despite the sustained environment of lower oil prices (Figure 1)....

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Tourism & Hospitality | Monday 28 December, 2015 1:46 pm

GCC investors now eyeing Cyprus property market: Chestertons

Chestertons, the international property agency established in 1805, stated that it is witnessing growing interest from the UAE and GCC investors for luxurious Cyprus based properties. As per reports, the property sales in Cyprus rose by 23% in October this year compared to...

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Business & Money | Sunday 27 December, 2015 3:33 pm

Deloitte’s CFO Insights: Are CFO’s communicating financial data effectively?

While many finance chiefs recognize the importance of communications, few  are effective in communicating with numerous stakeholders inside or outside their company such as  investors, bankers, customers, and employ. According to Deloitte’s latest report “CFO Insights -...

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Business & Money | Sunday 27 December, 2015 11:45 am

Tough 2015 for cross-border IPOs but domestic issuances rise in EMEA

After significantly outperforming domestic initial public offerings in both value and volume growth terms the past two years, cross-border deals slid back to just below 2013 levels in 2015, according to a Cross-Border IPO Index* by global law firm Baker & McKenzie. Only the Europe, Middle East...

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Business & Money | Wednesday 23 December, 2015 1:53 pm

Saudi Arabia’s famous 2015 Twitter moments

It has been a very eventful and historic year on Twitter for Saudi Arabia. From the ascension of King Salman @KingSalman to the Saudi throne, to women being allowed to vote for the first time in the country’s history #الانتخابات_البلديه, events like these have been at the...

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Tourism & Hospitality | Sunday 20 December, 2015 2:07 pm

U.S. CITIZENS TO LOSE THEIR PASSPORTS FOR TAX REASONS

It is possible that the United States expats could have their passports revoked next month if they fail to comply with their tax and financial obligations under the Foreign Account Tax Compliance Act (FATCA). This was revealed by Mr. Jim O’Niell, Vice President of US Financial Advisory...

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Technology & IT | Sunday 20 December, 2015 1:14 pm

Kuwait's Mobile Handset Market Set to Shrink in 2016

The Kuwaiti mobile handset market is tipped to shrink 6% year on year in 2016, according to the latest forecasts from International Data Corporation (IDC). The global technology research and consulting services firm expects the market to follow up respective year-on-year declines of 19% and 22% in...

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Technology & IT | Thursday 17 December, 2015 3:52 pm

Google’s 15th Annual Year in Search

 Today, Google announced its 15th annual Year in Search, offering a unique perspective on the year's major moments and top trends based on searches conducted in Saudi Arabia. In 2015, Saudi Arabia mourned the loss of their beloved former king, HRH King Abdullah, and the loss of HRH Saud Al ...

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Business & Money | Wednesday 16 December, 2015 11:48 am

By 2030 Saudi Arabia can transform its economy, double GDP and create job opportunities for 6m Saudis

The McKinsey Global Institute released its new report Saudi Arabia beyond oil: the investment and productivity transformation. This groundbreaking, year-long study explores one of the world’s largest and one of the least understood economies in the world.  While much of the outside...

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