Business & Money | Tuesday 8 November, 2016 4:14 pm

SADAFCO improves profits despite challenging market

Driven by consumer brand loyalty, lower raw material costs and continuous improvement in efficiencies, Saudia Dairy and Foodstuff Company (SADAFCO) realized a SAR 47 million (41.8 percent) increase in net profit during the six-month period ending on 30 September 2016, compared to the same ...

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Business & Money | Tuesday 8 November, 2016 4:10 pm

GCC’S Food Imports to Double to US$53.1 Billion by 2020

 The GCC’s food import bill will double over the next few years to a value of US $53.1 billion, says a MEED Insight Thought Leadership Report released today.   The report, sponsored by Oman’s SOHAR Port & Freezone, was released at Gulfood Manufacturing, the third and ...

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Tourism & Hospitality | Tuesday 8 November, 2016 4:02 pm

Marriot International Launches Tech-Forward Aloft Brand in Dhahran

Aloft Hotels, part of Marriott International, Inc. (NASDAQ: MAR), announced the highly anticipated opening of Aloft Dhahran in the Eastern Province of Saudi Arabia. As part of a growing portfolio of properties owned by FAS Hotels, division of Fawaz Al Hokair group, Aloft Dhahran is a modern...

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Business & Money | Tuesday 8 November, 2016 3:38 pm

Canon Central and North Africa strengthens regional presence with Annual Partner Conference in Kenya

Canon Central and North Africa (CCNA), highlighted its commitment to the region and strengthened its presence by hosting the Annual Partner Conference in Nairobi, Kenya, which brought together more than 100 partners from 44 countries in Africa.   A significant event that further...

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Business & Money | Tuesday 8 November, 2016 2:46 pm

King Abdullah Medical City Transforms the Patient Experience with Avaya

Avaya has today announced that it has been awarded a contract by King Abdullah Medical City (KAMC), a leading referral specialist hospital in Saudi Arabia, to deliver unified communications and contact centre solutions. This solution is designed to enhance the healthcare experience at KAMC for...

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Business & Money | Tuesday 8 November, 2016 9:00 am

Alkhabeer Capital acquires majority stake in the Rihab Al-Maarifa Company

Alkhabeer Capital, a leading asset manager specialized in alternative investments, announced today that it has acquired a majority stake in the Rihab Al-Maarifa Company, a Riyadh-based K-12 education provider.    Commenting on the acquisition, Ahmed Saud Ghouth, Chief Executive...

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Technology & IT | Tuesday 8 November, 2016 4:45 am

Inspired by Nature, Galaxy S7 edge Now Available in Blue Coral

Samsung Electronics, released its sixth color edition of the Galaxy S7 edge: Blue Coral. The new Blue Coral edition was inspired by nature and shimmers while also providing a sense of tranquility. In particular, Samsung applied a contrasting gold tone hue to the phone’s metallic frame. The...

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Healthcare | Tuesday 8 November, 2016 3:23 am

GCC Healthscape summit kicks off on December 6 in Dubai

The 4th GCC Healthscape summit will be held in Dubai on December 6 and 7, under the theme “Enabling a healthier procurement landscape in healthcare”. The event, organised by IDE Consulting Services, a leading procurement consulting firm, is expected to host decision-makers and major...

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Cars & Autos | Tuesday 8 November, 2016 1:43 am

Nissan Reports First Half Results for Fiscal Year 2016

Nissan Motor Co., Ltd. today announced financial results for the six-month period to September 30, 2016.   “In the first half, Nissan generated a solid operating profit of 339.7 billion yen, which represents a 6.4% margin on net revenues of 5.32 trillion yen,” said Carlos...

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Business & Money | Tuesday 8 November, 2016 1:27 am

Al Salem Johnson Controls Discusses Cooling Technology at the 2nd Annual District Cooling Arabia

Al Salem Johnson Controls, a pioneer provider of integrated HVAC solutions and equipment, recently participated at the 2nd Annual District Cooling Arabia held in Riyadh. The company’s special expertise and knowledge in district cooling service was shared with the audience presenting a state...

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