Business & Money | Monday 27 August, 2018 8:42 am

Locus Chain World Summit to Explore Synergy of Blockchain Technology with Emerging Industries

Shaikha Moaza To Participate in Locus Chain World Summit - Singapore Khalfan Saeed Al Mazrouei, Co-founder and Chairman (Middle East & Europe) of the Locus Chain Foundation, and former Undersecretary for the Personal Department of the Late Sheikh Zayed bin Sultan Al Nahyan, the founding...

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Business & Money | Monday 27 August, 2018 8:30 am

Saudi stock market leads the region in first day of trading after Eid holiday

The Saudi stock market was the best performing in the region on Sunday, in the first day of trading after the Eid holiday. The share index shot up by 1.4 percent, boosted by petrochemical firms Saudi Basic Industries and Saudi Kayan. Investor sentiment has also been buoyed by news this year...

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Business & Money | Monday 27 August, 2018 7:00 am

Turkish lira firms as markets reopen with eye on US row

The Turkish lira gained slightly against the dollar on Monday as markets reopened after last week’s holiday, with investors set to refocus on a bitter dispute between Ankara and Washington over an American pastor being tried in Turkey. The lira, which has weakened 37 percent against the US...

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Business & Money | Monday 27 August, 2018 6:00 am

Bahrain may seek bids for metro construction in 2019

Bahrain plans to seek bids to build a metro railway system in the fourth quarter of 2019, the newspaper al-Ayam reported on its website on Monday, citing a transport ministry official who estimated the project cost at $1 billion to $2 billion. The government may seek private investments to...

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Business & Money | Sunday 26 August, 2018 11:14 am

Schneider Electric partners with Tarmeem Charity Association to bring safe energy solutions to underprivileged homes

Schneider Electric, a leader in digital transformation of energy management and automation, has partnered with Tarmeem Charity Association, a Saudi non-profit association registered with the Saudi Ministry of Labour and Social Development, to build, repair and upgrade homes in underprivileged...

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Business & Money | Sunday 26 August, 2018 11:10 am

Ring and Hitches & Glitches Collaborate on Smart Home Security Solutions

Ring, a leader in neighbourhood security, announced that it is collaborating with Hitches and Glitches (H&G), a Dubai-based, technology-led home maintenance company, which is part of the Farnek Group.    As part of the collaboration, H&G will retail Ring products via its...

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Business & Money | Sunday 26 August, 2018 10:50 am

FedEx Express Gives Greater Access to Vietnam With New Flight to Hanoi

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world's largest express transportation company, is enhancing its services into and out of the Vietnamese capital, Hanoi, with the introduction of a new flight connecting the city to the FedEx Hub in Guangzhou, China.  This ...

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Business & Money | Sunday 26 August, 2018 10:12 am

UAE-based Female Entrepreneurs Visit UK to Learn How to Increase the Social Value of Their Business

ThirteenUAE-based female entrepreneurs have started their social entrepreneurship training journey with the pilot edition of Badiri Social Entrepreneurship Programme (BSEP), which kicked-off in the UK.    BSEP is the brainchild of Sharjah-based NAMA Women Advancement...

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Business & Money | Sunday 26 August, 2018 10:05 am

Kuwait terminates more than 3,000 expat public sector employees

Kuwait has terminated the employment contracts of 3,140 expatriate public sector employees, the chairman of the Civil Service Commission Ahmad Al-Jassar said, according to local daily Kuwait Times. The contracts were terminated as part of the Kuwaitization push to replace expat employees with...

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Business & Money | Sunday 26 August, 2018 8:06 am

Bahrain set to be next GCC country to introduce VAT

Bahrain is set to be the next GCC country to implement a five percent value-added tax (VAT), UAE daily Khaleej Times reported. The move is part of a framework agreed by GCC countries, with the UAE and Saudi Arabia already having implemented tax on payments earlier this year. Stevens added that he ...

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