Business & Money | Wednesday 4 May, 2016 4:43 pm

AHLI UNITED BANK B.S.C. REPORTS A Q1/2016 PROFIT OF US$ 154.6 million ATTRIBUTABLE TO THE SHAREHOLDERS OF THE BANK

Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 154.6 million for the quarter ended 31 March 2016. The net profit reflected an increase of 5.0% in Q1/2016 as compared to the net profit figure of US$ 147.2 million achieved in Q1/2015. The Q1/2016...

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Business & Money | Wednesday 4 May, 2016 4:34 pm

Deloitte: Record revenues sustain impressive profits despite Premier League clubs’ investment in players

For the first time since 1999, Premier League clubs have recorded a second consecutive year of aggregate pre-tax profits, generating approximately £120m in 2014/15, according to Deloitte, the business advisory firm. This is the second highest-ever aggregate pre-tax profit for Premier League...

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Business & Money | Wednesday 4 May, 2016 3:25 pm

Forbes Middle East unveils Top Indian Leaders in the Arab Region

FORBES MIDDLE EAST has revealed two rankings unveiling the region’s most successful Indian heads: The Top 100 Indian Entrepreneurs and the Top 50 Indians in Executive Management in both multinationals and Arab companies.  Some of the leaders inherited family businesses that have been...

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Business & Money | Tuesday 3 May, 2016 11:01 am

Emirates NBD Saudi Arabia PMI™ PMI slips to three-month low in April

Growth of Saudi Arabia’s non-oil private sector stalled in April, with business conditions improving at the slowest pace in three months. Output continued to rise sharply, but the rate of job creation eased to near-stagnation. New business increased to the least extent in the...

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Business & Money | Monday 2 May, 2016 5:38 pm

WORK TAKES OVER FAMILY TIME IN THE REGION ACCORDING TO CENTREPOINT STUDY

Centrepoint, the region’s largest family fashion retailer, celebrates the upcoming World Family Day on May 15th by encouraging families of the region to spend quality time with loved ones. The brand that is hugely popular for its variety of fashion clothing, kids-wear, accessories, cosmetics...

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Business & Money | Monday 2 May, 2016 2:20 pm

Fisch Asset Management says Middle East bond market on same path as Latin America

Fisch Asset Management, one of the world’s leading credit analysis and convertible bond specialists, has said that it expects ratings pressure to grow as leverage increases on GCC corporates and sovereigns. The Zurich-based Asset Manager believes that new issuances will offer diversity and...

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Business & Money | Sunday 1 May, 2016 6:06 pm

Digital Transformation Can Double Qatar’s Commercial Output to USD 4 Billion by 2019

Digital transformation can double Qatar’s commercial output to over USD 4 billion by 2019, leading organizations agreed at a major technology event today.   With hyper-connectivity and e-commerce, Qatar’s business-to-business and business-to-consumer markets are set to grow...

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Business & Money | Sunday 1 May, 2016 11:56 am

Forecast Estimates Saudi Arabia’s ICT Spend to Grow SAR 43.7 Billon by 2020

KSA is the largest economy within the GCC and home to some of the most prominent companies in the region. However, the country’s economy is undergoing a transition to keep up with the challenging global macro-economic environment, as well as to meet the government’s Vision-2030...

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Business & Money | Sunday 1 May, 2016 11:09 am

2015, Yet Another Record Year for Karcher

 Karcher, the world leader in innovative cleaning technology solutions, has once again achieved growth in the financial year 2015 and set a new record with sales totalling AED 9.2 (€2.22) billion. Compared to 2014, this is an increase of AED 450 (€108) million or 5.1%. With 12.87...

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Business & Money | Sunday 1 May, 2016 10:59 am

Jobs boost for qualified Saudi nationals in the IT and telecommunications sector

Job opportunities for skilled Saudi nationals in the IT and telecommunications sector has shown a 24 percent growth year on year, according to the latest Monster Employment Index.  The rise in opportunities reflects nationalization efforts across the country’s small, medium and large...

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