Business & Money | Thursday 22 December, 2016 5:51 am

Saudi budget to be announced today

Saudi Arabia will today unveil its annual budget statement, which is expected to outline a series of tough measures designed to put the Kingdom on the road to achieving financial balance by 2020. Subsidy cuts, rationalized spending and new fees for expatriate workers are three key moves expected...

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Business & Money | Thursday 22 December, 2016 3:54 am

MLSD, GaStat sign agreement to develop employment data

The Ministry of Labor and Social Development (MLSD) signed on Monday a memorandum of understanding with the General Authority for Statistics (GaStat) to develop various statistical products relating to manpower, social development and establishments as well as to maintain exchange of data. The...

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Business & Money | Thursday 22 December, 2016 2:52 am

Analysts see more Saudi bonds in pipeline

When Saudi Arabia slipped into deficit in 2014 following a slump in oil revenues, the government took familiar steps to bridge that shortfall, drawing down on its reserves and selling riyal-denominated debt to local lenders. The domestic bonds squeezed liquidity, sending the Saudi interbank rate...

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Business & Money | Thursday 22 December, 2016 2:06 am

City Centre Ajman awards the last ‘monthly’ winner with AED 25,000!

City Centre Ajman, owned and operated by Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, announced the final winner of the five month long ‘Monthly Reward Program’. Mrs. Amal Adel from Iran took home an incredible AED...

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Business & Money | Thursday 22 December, 2016 2:03 am

Empower to further enforce Emiratisation in its recruitment drive

As part of the Emiratisation initiative to employ more UAE nationals in the private and public sectors, Emirates Central Cooling Systems Corporation (Empower), world’s largest district cooling services provider, has announced today an increase by 13% in 2016 in the employment of UAE nationals ...

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Business & Money | Wednesday 21 December, 2016 4:17 pm

Emirati Students get up close and personal with Airbus

Four Emirati students were invited to a trip of a lifetime at the Airbus Manufacturing Facility in Toulouse, this week. The students were treated to a behind-the-scenes tour of the final assembly lines for the best-selling A320 Family aircraft, the 21st century flagship A380 and the all-new ...

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Business & Money | Wednesday 21 December, 2016 4:08 pm

Dubai Customs launches the Drug Smart Encyclopedia

Dubai Customs recently launched the Drug Smart Encyclopaedia, the latest innovation by the Customs Training Centre at Dubai Customs, in cooperation with the Ministry of Interior, represented by the Federal Police School in Sharjah. The encyclopaedia is the first of its kind worldwide, and includes...

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Business & Money | Wednesday 21 December, 2016 4:05 pm

Emaar signs agreement with Al Marjan Island in Ras AlKhaimah to build 2 million sq ft mixed-use projects

Emaar Properties PJSC has signed an agreement with Al Marjan Island (AMI), a leading waterfront master developer in the UAE, to develop 2 million sq ft mixed-use projects including high-end residential, hospitality and retail components in Al Marjan Island in Ras Al Khaimah.     Ras ...

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Business & Money | Wednesday 21 December, 2016 3:48 pm

Souq.com and Saudi’s tech world on CNN’s Marketplace Middle East

CNN sits with the CEO of Souq.com and gains insights into Saudi Arabia’s tech industry in the latest episode of Marketplace Middle East. Ronaldo Mouchawar, CEO of Souq.com has witnessed and greatly influenced the shopping revolution in the Middle East. With more than 15 years of experience ...

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Business & Money | Wednesday 21 December, 2016 3:21 pm

Ahmed bin Saeed Al Maktoum Inaugurates Regions Largest Manufacturing Plant by Unilever at Dubai Industrial Park

His Highness Sheikh Ahmed bin Saeed, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group, today attended the inauguration of the region’s  largest personal care products manufacturing plant, by consumer goods giant Unilever, at Dubai Industrial Park. The company...

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