Business & Money | Saturday 17 February, 2018 9:50 am

Apprehensions edge away as VAT becomes the new normal norm

Value-Added Tax (VAT) has been the subject of discussions, debates, reviews and opinions in 2017. The anxiety and fear that surrounded this term was not just extraneous, but placed unnecessarily. But with the onset of 2018, life moved on! The UAE introduced a 5 per cent VAT starting January 2018 ...

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Business & Money | Friday 16 February, 2018 7:35 am

Real estate market conditions point to a new wave of attractive off-plan pricing deals

New reports on the Abu Dhabi and UAE real estate market have cited a swathe of developers introducing more attractive payment plans in light of current market conditions.   Research heavyweights JLL and Cluttons have both reported that 2018 will likely witness a new wave of attractive...

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Business & Money | Friday 16 February, 2018 4:16 am

KSA, Italy sign MoU to boost trade ties

The Council of Saudi Chambers of Commerce and Industry (CSCCI) and the Italian export credit agency SACE on Thursday signed a memorandum of understanding (MoU) on trade and investment cooperation, which is expected to support the Vision 2030 strategy. Alessandro Decio, SACE chief executive,...

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Business & Money | Friday 16 February, 2018 3:14 am

King Salman to patronize first humanitarian forum in Riyadh

The inaugural Riyadh International Humanitarian Forum, sponsored by the King Salman Humanitarian Aid and Relief Center (KSRelief), will be held under the patronage of King Salman on Feb. 26. Dr. Abdullah Al-Rabeeah, KSRelief general supervisor and adviser to the royal court, told a packed...

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Business & Money | Friday 16 February, 2018 1:52 am

Joseph Westphal Joins Korn Ferry as Senior Advisor to Global Industrial Market Practice

Korn Ferry (NYSE:KFY) today announced that former ambassador of the United States to the Kingdom of Saudi Arabia, Joseph W. Westphal, Ph.D., has joined the firm as a senior advisor to the Global Industrial Market practice.   Westphal served as the U.S. ambassador to Saudi Arabia from...

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Business & Money | Thursday 15 February, 2018 3:03 pm

NEZO launches new brand identity and aims to increase market share of retail salt in Middle East countries

NEZO, a leading retail salt brand of AkzoNobel Specialty Chemicals, has unveiled a new brand identity and further plans for growth in the Middle East. Khadija Nadi, Global Sales Manager for AkzoNobel Salt Specialties, says: “With 100 years of craftmanship and love for salt, NEZO gets a...

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Business & Money | Thursday 15 February, 2018 12:57 pm

Red Sea Mall Launches Career Fair to Help Saudize the Mall and Retail Sector

In line with Saudi Arabia's 2030 Vision and the National Transformation Program 2020, Red Sea Mall, in support and cooperation with the Makkah branch of the Ministry of Labor and Social Development (MOLSD) and the Human Resources Development Fund (HRDF) (Hadaf), launched “How to be a...

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Business & Money | Thursday 15 February, 2018 7:35 am

DAMAC Properties deliveries surpass 20,000 unit milestone as it reports net profit of AED 2.8 billion and booked sales of AED 7.5 billion for FY 2017

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), announced financial results for year ended 2017, reporting total revenue of AED 7.5 billion, a 4 % increase over last year and net profit of AED 2.8 billion.   DAMAC also announced it has...

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Business & Money | Thursday 15 February, 2018 7:24 am

Iwam Returns to Ras Al Khaimah - Participant and Speaker Numbers Grow

Some of the world’s elite scientists will be celebrating in Ras Al Khaimah next week as the 10th annual International Workshop for Advanced Materials (IWAM) takes place in the Emirate. IWAM is organised and sponsored by the Ras Al Khaimah Centre for Advanced Materials (RAK-CAM), and has been...

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Business & Money | Wednesday 14 February, 2018 1:00 pm

Sheikh Ahmed: Iia International Conference in Dubai Will Help Make Uae One of the Smartest Economies in the World

Dubai will play host to the world’s largest gathering of internal auditors when the International Conference of the Institute of Internal Auditors (IIA) takes place in the city in May 2018, under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime ...

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