Business & Money | Sunday 19 June, 2016 5:04 pm

Women in procurement professional roles network and hear from business leaders on the future of the profession

The Chartered Institute of Procurement & Supply MENA (CIPS MENA) welcomed female procurement and supply chain professionals from the KSA region (Kingdom of Saudi Arabia) at Sofitel Al Khobar, to the first Women in Procurement event in the region.   The event was attended by 37...

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Business & Money | Sunday 19 June, 2016 3:41 pm

L’azurde IPO retail tranche oversubscribed by 2.9 times

The CEO of  Saudi Fransi Capital, the financial advisor, lead manager, bookrunner and sole underwriter for L’azurde Company for Jewelry (“L’azurde”) stated that it successfully completed L’azurde’s retail tranche offering on 08/09/1437H corresponding to...

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Business & Money | Sunday 19 June, 2016 1:40 pm

PwC: GCC companies should take action now to prepare for VAT and Excise Tax

The GCC Ministers of Finance held an extraordinary meeting on Thursday 16 June in Jeddah and approved in principle the Value Added Tax (VAT) and Excise Tax treaties. Some administrative matters still need to be resolved, notably with regards to the tax collection mechanism related to intra-GCC...

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Business & Money | Sunday 19 June, 2016 1:17 pm

UAE’S Rapid Progress In Industrialization

The United Arab Emirates boasts of having the second-largest economy in the Arab world and last year it became the fifth fastest growing economy in the world. This triumphant growth is attributed to the flourishing trade in the region and a noticeable progress in developing key economic growth...

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Business & Money | Sunday 19 June, 2016 1:07 pm

Deputy Crown Prince Mohammed takes Vision 2030 to Silicon Valley

Two weeks ago, Custodian of the Two Holy Mosques King Salman approved one of the main pillars of Saudi Vision 2030 — the National Transformation Program 2020. A number of ministers outlined initiatives, plans and goals enshrined in the vision aimed at overhauling the Saudi economy. The...

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Business & Money | Sunday 19 June, 2016 12:58 pm

 "Mobil 1" launches on-spot engine oil change service

Within its distinguished services to ensure customers’ satisfaction, Arabian Petroleum Supply Company (APSCO), manufacturer and marketer of "Mobil 1" oil, recently launched on-spot engine oil change through a modern fleet of mobile stations fully equipped to handle all types of...

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Business & Money | Sunday 19 June, 2016 12:32 pm

Saudi students on cloud nine after meeting their icon

Deputy Crown Prince Mohammed bin Salman received at his residence in Washington on Friday a number of distinguished Saudi students studying at US universities, in the presence of Prince Abdullah bin Faisal bin Turki, the Saudi ambassador to the US. He greeted them and wished for their return to the ...

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Business & Money | Sunday 19 June, 2016 11:57 am

Ahli United Bank celebrates 50 years of banking in the UK

Ahli United Bank (UK) PLC celebrated its 50th year of doing business in the UK, marking this milestone anniversary with an event held at London's Millennium Hotel in Grosvenor Square.   Established in 1966, United Bank of Kuwait Limited, the forerunner of AUB (UK), merged in 2000 with...

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Business & Money | Sunday 19 June, 2016 11:55 am

GOIC: Investments worth 18.1 billion USD in the manufacture of cement, lime and plaster in the Gulf

The Gulf Organization for Industrial Consulting (GOIC) announced that investments in the manufacture of cement, lime and plaster in the GCC reached 18.1 billion USD in 2015. In its report published by the Gulf Industrial Knowledge Centre (GIKC), GOIC stated that the number of factories...

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Business & Money | Sunday 19 June, 2016 11:51 am

Gartner Identifies the Top 10 Technologies for Information Security in 2016

Gartner, Inc. today highlighted the top 10 technologies for information security and their implications for security organizations in 2016. Analysts presented their findings during the Gartner Security & Risk Management Summit, being held here through Thursday.   "Information...

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