Business & Money | Monday 20 November, 2017 3:45 am

International Apparel and Textile Fair Gears Up to Bring Forth Design & Innovation in the Uae With Its April 2018 Edition

The November 2017 edition of International Apparel and Textile Fair (IATF) proved to be grand success, making apparel and textile manufacturers from around the globe look forward to the highly anticipated 8th edition due to take place in 24th,25th,26th April 2018. The three-day event that took...

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Business & Money | Monday 20 November, 2017 2:20 am

Danube drives leadership drive of e-commerce grocery space with nod to global shopping phenomenon

E-commerce in the Middle East is coming of age, slated to explode to a 69-billion-dollar industry in only the next two years.1 It’s a market correction long in the making, the result of an advanced, tech-savvy society bridging the gap between the 2% of retail sales conducted online in 2016,...

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Business & Money | Monday 20 November, 2017 1:49 am

UNATRAC secures USD 275 million facilities

Unatrac Holding Limited (“Unatrac”), the exclusive Caterpillar dealer in Ghana, Iraq, Kenya, Liberia, Nigeria, Russia, Sierra Leone, Tanzania and Uganda, announced today the successful completion of a $275m credit package comprising of a $225 million dollar five year revolving credit...

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Business & Money | Sunday 19 November, 2017 6:46 am

Dubai Land Department announces the update of the rental index for 2018

Dubai Land Department (DLD) has announced that the rental index has been updated for 2018. DLD confirmed that the new update is for all residential, commercial and industrial properties in the Emirate of Dubai.   DLD’s specialists have adopted a variety of mechanisms to carry out...

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Business & Money | Sunday 19 November, 2017 6:40 am

UAE Banks Federation Reveals New Brand Identity

Reinforcing its pivotal role in driving the continuous growth and development of the country’s banking sector, the UAE Banks Federation, a professional representative body comprising 48 member banks operating in the UAE, has launched a new brand identity.   Inspired by the...

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Business & Money | Sunday 19 November, 2017 4:39 am

General Authority for Zakat and Tax signs agreement with government agencies to implement VAT

The General Authority for Zakat and Tax (GAZT) will sign a cooperation agreement with the Ministry of Municipal and Rural Affairs to facilitate the compliance of businesses on Valued Added Tax (VAT), following similar agreements with the Ministry of Labor and Social Development and Saudi...

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Business & Money | Saturday 18 November, 2017 2:22 pm

Al Rajhi Bank and SOUQ to offer discounts in co-operation to customers in the KSA

SOUQ and Al Rajhi Bank, one of the largest Islamic Banks in the world, have announced that they will co-operate offer customers in the Kingdom of Saudi Arabia an array of benefits when they purchase products on the SOUQ website and mobile app using Al Rajhi Bank credit cards.   SOUQ ...

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Business & Money | Saturday 18 November, 2017 2:18 pm

LED set to form over 50% of regional lighting market by 2020

 The quest for energy efficiency and ecologically friendly lighting solutions is set to drive demand for green lighting products in the Middle East. These trends are increasingly evident in the build up to Light Middle East 2017, where global lighting majors target the lucrative green lighting ...

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Business & Money | Saturday 18 November, 2017 2:09 pm

Saudi Arabia, GCC to be connected by ultra-fast tube transportation system

The entire Gulf region will be connected through an ultra-fast tube transportation system, which will operate at a velocity of 1,100 km per hour. Founder of US-based Virgin Hyperloop One, Josh Giegel spoke to Arab News on Thursday soon after he signed an agreement with the MiSK Foundation for...

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Business & Money | Friday 17 November, 2017 10:59 am

ADNOC and LEGO Education Sign Partnership Agreement For Advancement of STEM Education in ADNOC Schools

The Abu Dhabi National Oil Company (ADNOC) and Lego Education signed a partnership agreement, today, to champion high-quality, innovative hands-on learning programs designed to advance the study of science, technology, engineering and mathematics (STEM) in all ADNOC Schools, in Abu Dhabi and the Al ...

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