Business & Money | Monday 22 August, 2016 8:30 am

Al Masah Capital report indicates positive outlook for regional markets

Regional markets should take a positive view going into the new week as Brent sends confident signals that hit the USD50 mark over the weekend. Al Masah Capital weekly report indicates that “the two main triggers that everyone is eyeing now are the Fed’s upcoming meeting, with views...

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Business & Money | Monday 22 August, 2016 8:16 am

ASIMCO unveils global marketing plan; to reinforce brand in Africa from Kenya hub

ASIMCO, one of the leading players in brake products in the global automotive aftermarket being distributed regionally by Al-Muqarram Auto Spare Parts Trading [A-MAP], has announced an aggressive global marketing plan to reinforce its market reach across the world.   The marketing...

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Business & Money | Monday 22 August, 2016 8:06 am

‘King Salman’s Center for relief mission is noble’

Bogdanov, meanwhile, described the mission of King Salman Center for Relief and Humanitarian Works Center, in support of those who are in need of assistance in all parts of the world, as noble and honest. He said, “We appreciate very highly this activity as it is a very significant...

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Business & Money | Monday 22 August, 2016 8:03 am

Free medical aid ensured for workers of affected firms

Minister of Labor and Social Development Mufrej Al-Haqabani and Health Minister Tawfiq Al-Rabiah have decided to extend medical facilities to workers at Saudi Oger and Binladen free of charge in the government hospitals, a local publication reported. This is in response to Custodian of the Two...

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Business & Money | Monday 22 August, 2016 7:35 am

Saudi Arabia ‘is going through remarkable economic transition’

Abdul Latif Jameel was named the newest Innovation Member of the New Cities Foundation, a global non-profit organization that aims to shape a better urban future for all.  Abdul Latif Jameel thus joins other global corporate and institutional members of NCF such as Cisco, Toyota Mobility...

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Business & Money | Sunday 21 August, 2016 4:03 pm

The Yield Search focused on Emerging Markets

The post-Brexit world in Europe does not appear to be as bad as some commentators had forecast.  Recent data releases from Europe have shown some firming up in the eurozone and UK economies. The eurozone July composite industrial confidence data rose slightly in July and is expected to...

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Business & Money | Sunday 21 August, 2016 3:53 pm

Empower introduces Mobile Chiller Trailers to ensure 24/7 Uninterrupted district cooling service

Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has launched mobile chiller trailers, an innovative project that ensures 24/7 uninterrupted district cooling service to the company’s customers. Ahmad Bin Shafar, CEO of...

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Business & Money | Sunday 21 August, 2016 3:51 pm

GBM signs ICT partnership for the prestigious Jewel of the Creek Project in Dubai

Gulf Business Machines (GBM), the region’s number one provider of IT solutions, has signed an Information and Communication Technology (ICT) partnership for one of Dubai’s largest hospitality projects, the Jewel of the Creek Project. The AED 4 billion project by Roda Hotels, the...

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Business & Money | Sunday 21 August, 2016 11:39 am

Solid Lenovo 1ST Quarter FY16-17 in Face of Industry & Currency Headwinds

 Lenovo Group (HKSE: 992) (ADR: LNVGY) announced results for its first fiscal quarter ended June 30, 2016. Quarterly revenue was US$10.1 billion, a six percent decrease year-over-year (or four percent decrease in constant currency). Quarter-to-quarter, this represented a 10...

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Business & Money | Sunday 21 August, 2016 11:06 am

Haramain Train project’s life span to be 120 years

The expected lifespan of the Haramain Train project is 120 years, says the director general of the project, Bassam Ghalman. The project, which began in 2009, is near completion after finalization of work at the Jeddah and Madinah stations. Work on the Makkah station was stalled for seven months...

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