Business & Money | Tuesday 12 July, 2016 4:45 pm

QNB Financial Results For the Six Months Ended 30 June 2016

QNB Group, the leading bank in the Middle East and Africa (MEA) region, announced its results for the six months ended 30 June 2016. For the first half of 2016, Net Profit reached QAR6.2 billion, (USD 1.7 billion) up by 12% compared to last year. Total assets increased by 36% from June 2015 to...

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Business & Money | Tuesday 12 July, 2016 2:58 pm

Abdul Latif Jameel Motors: “More than 360 Million Imported Counterfeit Spare Parts Have Inflicted Major Losses on the Economy”

Experts in the Saudi automotive industry confirmed that the sector suffered approximately SAR2 billion in losses due to the dramatic increase in counterfeit spare parts in the local market. This worrying proliferation of fraud and counterfeiting negatively impacts not only the automotive sector,...

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Business & Money | Tuesday 12 July, 2016 2:30 pm

DAMAC Properties Launches ‘The Beach at Navitas Hotel & Residences’

DAMAC Properties today announced the launch of ‘The Beach at Navitas Hotel & Residences,’ an inspiring new collection of golf and beach-style living apartments set within the award-winning AKOYA Oxygen master development in Dubai.    A collection of five towers,...

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Business & Money | Tuesday 12 July, 2016 9:59 am

GCC Bankers participate in the Hosted Bankers Program at the Region's Largest Banking Innovation Summit to be held in Dubai

The banking sector in the Middle East has grown tremendously over the past few years. With a great deal of emphasis laid on technology adoption in the banking sector, the ever-changing banking landscape has seen a consistent growth in demand for innovative technology and services. According to...

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Business & Money | Tuesday 12 July, 2016 7:31 am

Massive gas supply project in the offing

A massive gas pipeline project to supply liquid and dry gas to homes and commercial firms will be implemented shortly as the Ministry of Energy, Industry and Mineral Resources and Saudi Electricity and Cogeneration Authority have completed its feasibility study. “The project is now being...

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Business & Money | Tuesday 12 July, 2016 7:18 am

Brexit - Implication for Asian equities: higher risk premiums no longer justified

The Brexit decision came as a significant surprise as Sterling had appreciated and European equities rose prior to the referendum, leading to a precipitous sell-off following the ‘out’ vote. Short-term uncertainty, particularly around the legality of the United Kingdom’s formal...

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Business & Money | Tuesday 12 July, 2016 7:00 am

Etihad Airways Becomes The Official Airline Sponsor of WorldSkills Abu Dhabi 2017

Etihad Airways has been announced as the official airline sponsor of WorldSkills Abu Dhabi 2017 - the biggest vocational education and skills excellence event in the world. The event will bring more than 3,000 competitors and industry experts from up to 75 countries to the Abu Dhabi National...

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Business & Money | Tuesday 12 July, 2016 5:48 am

MAG 5 Property Development Announces Contractor for MAG 5 Boulevard

MAG 5 Property Development (MAG 5 PD), a real-estate company formed jointly by MAG Property Development and MBM Holding, has announced that Fujairah National Construction Company LLC (FNC) will be the main contractor for its MAG 5 Boulevard project at Dubai South. “We are delighted to...

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Business & Money | Tuesday 12 July, 2016 5:34 am

CAREEM invests $100m in R&D amid global expansion

CAREEM, the region’s leading app-based car service, announced Monday a new research and development (R&D) strategy and plans for global expansion. Over the next five years, CAREEM will invest $100 million in R&D, which includes growing its team in UAE and Pakistan, and opening new...

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Business & Money | Tuesday 12 July, 2016 4:50 am

IREIS 2016 to Offer Dual Citizenship Aspirants Leading Insight into Citizenship by Investment

The eighth edition of the International Real Estate & Investment Show (IREIS 2016), the only dedicated real estate event in Abu Dhabi that targets investors and consumers rather than trade visitors, will feature a dedicated pavilion to help expatriates aspiring for dual citizenship...

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