Business & Money | Thursday 23 June, 2016 10:24 am

King Salman to launch development projects worth SR5 billion in Madinah Thursday

Custodian of the Two Holy Mosques King Salman is scheduled to launch development projects worth SR5.102 billion in Madinah Thursday, during his second official visit to Madinah since his ascension to the throne. These include projects in the health, education, cultural and services (electricity...

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Business & Money | Thursday 23 June, 2016 6:06 am

Deputy Crown Prince Mohammed bin Salman at Facebook

Deputy Crown Prince Mohammed bin Salman visited the headquarters of Facebook on Wednesday and met with the company’s Chairman & Co-Founder Mark Zuckerberg. The deputy crown prince, who is on a multiple day visit to the US, has met with major tech figures in Silicone Valley and has signed...

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Business & Money | Thursday 23 June, 2016 4:23 am

Silicon Valley visit will have unprecedented returns

Experts agree that the visit of Deputy Crown Prince Mohammed bin Salman to Silicon Valley to meet with leaders of the world’s largest technology companies will have positive returns and ramifications for the Kingdom attracting these companies to invest in the Saudi economy. Abdullah bin...

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Business & Money | Wednesday 22 June, 2016 5:16 pm

Saudi Arabia could further propel the global US$23 billon digital signage industry

Saudi Arabia will play a significant role within the US$23 billion digital signage sector stated Mr. Abdul Rahman Falaknaz, Chairman of International Expo Consults (IEC).  This growth will be largely driven by the country’s growing retail, commercial, healthcare, tourism, education and...

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Business & Money | Wednesday 22 June, 2016 2:55 pm

Pact with Microsoft boosts Vision 2030

Deputy Crown Prince Mohammed bin Salman has signed agreements with Microsoft Corporation International to boost training and assist in technology transfers, as part of Vision 2030. ADVERTISING inRead invented by Teads Prince Mohammed also met with senior officials of Cisco Systems...

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Business & Money | Wednesday 22 June, 2016 2:44 pm

​Alghanim Industries Unveils Plans for Wendy’s Expansion into Kingdom of Saudi Arabia

 Alghanim Industries, one of the largest private companies in the region, announced today plans to expand the Wendy’s® brand into the Kingdom of Saudi Arabia, with the opening the first restaurant scheduled in spring 2017. Alghanim Industries acquired the rights to develop...

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Business & Money | Wednesday 22 June, 2016 11:58 am

NBAD Sukuk Income Fund Delivers 2.57% Dividend Semi-annualised

The National Bank of Abu Dhabi’s NBAD Sukuk Income Fund has earned dividend income equivalent to USD 716,081.76 which equates to an annualized yield of 5.20% during the period from 19th November, 2015 to 9th June, 2016.   Eligible investors who had successfully subscribed to the...

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Business & Money | Wednesday 22 June, 2016 11:28 am

Mövenpick Hotel Jumeirah Lakes Towers looking for ‘Kilos of Kindness’ this Ramadan.

In an initiative that celebrates the charitable spirit of Ramadan, Mövenpick Hotel Jumeirah Lakes Towers invites the public to participate in ‘A Kilo of Kindness’. Launched by Mövenpick Hotels & Resorts, the campaign pairs generosity from the public with needs of the less...

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Business & Money | Wednesday 22 June, 2016 9:05 am

One thousand Chevrolet Sparks join Al Wefaq Rent a Car fleet

Within its ongoing quest to enhance its fleet, Al Wefaq Rent a Car successfully concluded a deal to purchase 1000 Chevrolet Spark cars from Aljomaih Automotive Company in Saudi Arabia. This deal is the largest for Chevrolet Middle East in Saudi Arabia in fleet sales.    Commenting...

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Business & Money | Wednesday 22 June, 2016 3:00 am

Aon research finds five out of six women are not saving enough for retirement

 Men and women are on equal footing when it comes to 401(k) plan participation, but research from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc(NYSE:AON), shows that this equality doesn't hold true when evaluating overall retirement readiness. ...

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