Business & Money | Friday 12 May, 2017 11:39 am

GIB is Granted Approval to Become A Local Bank in Saudi Arabia

Gulf International Bank (GIB or the Bank) expresses its gratitude and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, His Royal Highness Crown Prince, His Royal Highness the Deputy Crown Prince, and to the Government of Saudi Arabia for entrusting the...

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Business & Money | Friday 12 May, 2017 11:31 am

EMIRATI CHILDREN SPREAD THE JOY OF ‘HAQ AL LAILA’ AT ABU DHABI AIRPORT

  The Emirati children of Etihad Aviation Group (EAG) employees have been spreading the joy of Haq Al Laila, an Arabian Gulf Muslim festival, by giving the airline’s guests special ’Kharyta’ goodie bags, made from national dress material, as they depart its home base at...

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Business & Money | Friday 12 May, 2017 11:20 am

Budget deficit drops 71% in Q1

SAUDI ARABIA’S budget deficit fell by 71 percent in the first quarter of this year, Finance Minister Mohammed Al-Jadaan said on Thursday, after the Kingdom made sweeping spending cuts. The deficit dropped to SR26 billion ($6.93 billion) in the first three months while compared to the same...

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Business & Money | Friday 12 May, 2017 11:16 am

Completion of Jeddah Tower, world’s tallest building, delayed to 2019

The completion date for the world’s tallest tower has been pushed back to 2019, Prince Alwaleed bin Talal said Thursday, almost six years after launching the record-breaking project. Jeddah Tower is to rise more than a kilometer (almost 3,300 feet), placing it above Dubai’s Burj...

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Business & Money | Friday 12 May, 2017 11:11 am

King Abdulaziz City for Science and Technology unveils strategic drone program Saqr 1

The King Abdulaziz City for Science and Technology (KACST) unveiled in Riyadh on Thursday the strategic drone program Saqr 1. Prince Turki bin Saud bin Mohammed, president of KACST, said the techniques used in this aircraft put it in the list of the world best UAVs. “Saqr 1 is equipped with ...

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Business & Money | Thursday 11 May, 2017 2:15 pm

Stunning Renault Megane Sedan Debuts in the Kingdom

The all-new Renault Megane, the latest from the French renowned automaker, was unveiled in the Kingdom of Saudi Arabia in a ceremony held in honor of company senior officials from Renault, Gulf Advantage Automobiles (GAA) and esteemed members of the press. Mr. Marwan Haidamous, Managing Director ...

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Business & Money | Thursday 11 May, 2017 4:00 am

L’azurde reports SAR 22m profits in Q1 2017

L’azurde Company for Jewellery (“L’azurde” or “the Company”), the largest gold and jewelry designer, manufacturer, distributor and retailer in the Middle East, announced today interim consolidated financial and operational results for the quarter ended 31st March ...

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Business & Money | Wednesday 10 May, 2017 7:30 pm

SHORTLIST REVEALED FOR THE 2017 INDEX ARCHITECTURE & DESIGN AWARDS

The esteemed INDEX Architecture & Design Awards judging panel have selected their shortlist of the UAE’s most breath-taking new builds and spaces ahead of the 2017 prize-giving. With finalists including the world’s first 3D printed office, the Burj al Arab’s gold-cladded...

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Business & Money | Wednesday 10 May, 2017 5:32 pm

Pottery Barn & Pottery Barn Kids Present Ramadan and Summer 2017 Collection

With fresh and elegant designs reflecting the season ahead, Pottery Barn and Pottery Barn Kids launched the latest Ramadan and summer 2017 collections at their stores in Sahara Mall and Gallery Mall in Riyadh, and the Tahlia Street Store in Jeddah.   This season, Pottery Barn reveals a...

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Business & Money | Wednesday 10 May, 2017 1:19 pm

DAMAC Properties Provides Opportunity to Own a Stone Villa in a Golf Community with Launch of Hajar Phase 2

Following the successful launch of Hajar Villas Phase 1 in March, DAMAC Properties, a leading luxury real estate developer in the region, today released Hajar 2, a further collection of premium, contemporary stone villas representing a rock-solid investment.   Hajar Villas will go on...

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