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...

More Details

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 ...

More Details

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 ...

More Details

Business & Money | Sunday 17 July, 2016 10:41 am

Kuwait’s Largest Construction Event to Take Place as Government Earmarks $68.9bn for Construction Spend in 2016

With planned developments worth an estimated $123.6 billion, according to MEED, and $68.9 billion government construction budget for 2016, Kuwait’s construction industry offers massive business opportunities. The Big 5 Kuwait 2016, taking place from 25 – 27 September at the...

More Details

Business & Money | Sunday 17 July, 2016 10:33 am

United Technologies Commercial Business Unit Offices in Jeddah Achieve LEED Platinumâ Certification

The Otis and UTC Climate, Controls & Security offices in Jeddah recently received LEED® Platinum certification under the independently verified LEED for Commercial Interiors™ rating system from the U.S. Green Building Council®. LEED certification is one of the leading global...

More Details

Business & Money | Sunday 17 July, 2016 2:09 am

Tag Heuer Announced as New Official Timekeeper and Sponsor of Laliga

 Swiss watchmaker TAG Heuer was announced as the new Official Timekeeper and sponsor of LaLiga. LaLiga legends Raúl González and Fernando Sanz joined the President of LaLiga, Javier Tebas, and TAG Heuer Spain General Manager, Blanca Panzano at a special event to celebrate the...

More Details

Business & Money | Saturday 16 July, 2016 6:41 am

Emaar launches new tower in Dubai Hills Estate

Emaar Properties, Dubai’s largest developer, is launching an exclusive collection of homes in Dubai Hills Estate in Mohammed bin Rashid City. Only 147 residences, comprising 1, 2 and 3-bedroom apartments, are now offered for sale at the new tower in the Acacia at Dubai Hills Estate...

More Details

Business & Money | Saturday 16 July, 2016 6:20 am

‘Sun never sets on Saudi relief efforts’

Commending the untiring relief efforts of Saudi Arabia, Secretary-General of the Arab Red Crescent and Red Cross Organization Saleh bin Hamad al-Suhaibani said that the “sun never sets on these relief efforts.” “The King Salman Center for Relief and Humanitarian Aid and the...

More Details

Business & Money | Saturday 16 July, 2016 3:26 am

Property prices fall in Dubai, Abu Dhabi

Home buyers and those looking to rent in Dubai and Abu Dhabi can breathe a little easy with villa and apartment prices dipping between 4 and 6% in the second quarter, compared to the same period in 2015, UAE daily The National reported. But the report added that the market was likely to...

More Details

Business & Money | Friday 15 July, 2016 6:00 am

Saudi bond sale: Top banks among lead managers

Saudi Arabia appointed six banks as co-lead managers on its first international bond sale, according to people familiar with the matter. The Kingdom hired Bank of China Ltd., BNP Paribas SA, Deutsche Bank AG, Goldman Sachs Group Inc., Mitsubishi UFJ Financial Group Inc. and Morgan...

More Details