Business & Money | Tuesday 26 July, 2016 7:37 am

Q2 2016 Middle East cross-border deal-making steady despite global decline: Baker & McKenzie Report

Global cross-border M&A volume and values were subdued in Q2 2016, as investors held their breath, but the Middle East region saw an increase in both inbound and outbound cross-regional activity in the first half of 2016, according to global law firm Baker & McKenzie’s quarterly...

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Business & Money | Tuesday 26 July, 2016 7:14 am

Marka announces partnership with loyalty programme, Air Miles Middle East, the most exciting loyalty scheme in the region

Marka PJSC (DFM: MARKA), the first public stock retail operator in the UAE, has announced its partnership with the loyalty programme, Air Miles Middle East, in a move which seeks to reward its frequent customers. This represents the latest affiliation in an ongoing expansion programme by Marka...

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Business & Money | Tuesday 26 July, 2016 7:11 am

Phase 1 of DAMAC Properties’ AKOYA Imagine Villas Sold Out; Phase 2 Planned

 DAMAC Properties announced today that phase one of AKOYA Imagine villas has been sold out, and the launch of the second phase is planned for the end of July. The contemporary-styled villas, which are designed and priced to attract professionals in the “under 35” age group, have...

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Business & Money | Tuesday 26 July, 2016 5:34 am

Dell prepares customers in Saudi Arabia for the future in alignment with Vision 2030

 Dell is today announcing its continued momentum in providing customers in Saudi Arabia with future-ready technology. As technologies and IT are increasingly able to give businesses a competitive advantage, CEOs are turning more toward CIOs as the new business experts. Dell has worked closely...

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Business & Money | Tuesday 26 July, 2016 5:09 am

Dulsco bags two major industry awards in 2016

Dulsco, a regional stalwart in human resource and waste management solutions, has won the Superbrand award for the second consecutive year. Dulsco is the only waste management company and HR solution providers in the region to be awarded the Superbrand status. More than 2,000 prominent brands in...

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Business & Money | Tuesday 19 July, 2016 1:02 pm

A Strong Second Quarter 2016

Almarai showed a strong Q2 2016 performance with sales up + 10.3% and net Income up by +18.5% compared to the same quarter of 2015.   The Q2 2016 results reached record levels in the company’s history for Net Income of SAR 629 million and Sales of SAR 4,025 million....

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Business & Money | Sunday 17 July, 2016 11:14 am

NCB’s net income reached SR 5,068 million for first half of 2016

The National Commercial Bank announced that net income for the first half 2016 reached SR 5,068 million compared to SR 4,968 million for the same period of the previous year, an increase of 2%,NCB net profit for the second quarter reached to SR 2,438 compared to SR 2,363 million for the same...

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Business & Money | Sunday 17 July, 2016 11:05 am

UAE takes part in Arab League meeting

The UAE on Saturday participated in a meeting of the permanent representatives of Arab countries to the Arab League, held to discuss preparations for the 27th Arab Summit, which will be held in Nouakchott, Mauritania, on July 25 and 26. The UAE delegation was headed by Ambassador to Egypt and...

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Business & Money | Sunday 17 July, 2016 10:50 am

Shoura panel to discuss cut in Saudia fares

The Transport and Communications Committee at the Shoura Council will discuss a number of important issues shortly including prospects of reducing Saudi Arabian Airlines fares and expanding the railway system linking Riyadh with Qurayyat with stations in Majmaa, Qassim and Hail. Maj. Gen. Nasser ...

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Business & Money | Sunday 17 July, 2016 10:45 am

Saudi ATMs are safe

Saudi ATM machines are safe and secure from any frauds or installation of external devices designed to appropriate the information on a debit card, Talat Hafez, secretary-general of the Media and Banking Awareness Committee of Saudi banks, said.  Hafiz was reacting to a YouTube video in which ...

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