Business & Money | Saturday 16 July, 2016 3:26 am

Property prices fall in Dubai, Abu Dhabi

Home buyers and those looking to rent in Dubai and Abu Dhabi can breathe a little easy with villa and apartment prices dipping between 4 and 6% in the second quarter, compared to the same period in 2015, UAE daily The National reported. But the report added that the market was likely to...

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Business & Money | Friday 15 July, 2016 6:00 am

Saudi bond sale: Top banks among lead managers

Saudi Arabia appointed six banks as co-lead managers on its first international bond sale, according to people familiar with the matter. The Kingdom hired Bank of China Ltd., BNP Paribas SA, Deutsche Bank AG, Goldman Sachs Group Inc., Mitsubishi UFJ Financial Group Inc. and Morgan...

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Business & Money | Friday 15 July, 2016 4:14 am

Daikin VRV IV Receives QCC Certification

Daikin is proud to announce that the Daikin VRV IV Series has received the Abu Dhabi Trustmark for Environmental Performance from the Abu Dhabi Quality Conformity Council (QCC).  Daikin's VRV IV has become even smarter; not only is it especially equipped to handle the sizzling heat of...

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Business & Money | Thursday 14 July, 2016 3:05 pm

Harjeev Kandhari Appointed as Non-Executive Chairman at Walpole Capital

Walpole Capital, a leading venture capital firm based in London, today announced that its Board of Directors has appointed Harjeev Kandhari as Non-Executive Chairman. Harjeev Kandhari is the current CEO of Zenises and the Founder and Chairman of the Zenises Foundation. He has previously...

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Business & Money | Thursday 14 July, 2016 2:30 pm

Hasbro Acquires Boulder Media Animation Studio

Hasbro, Inc. (NASDAQ: HAS) today announced that it has acquired Boulder Media, a multi-award winning Irish animation company based in Dublin. Boulder has produced a variety of award-winning series for Cartoon Network, Nickelodeon, Disney and BBC. As a wholly-owned subsidiary, Boulder will continue...

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Business & Money | Thursday 14 July, 2016 5:16 am

Digital Payments to Generate USD 2 Trillion in Revenue by 2020

GITEX Technology Week 2016 will welcome an exceptional line up of finance and technology experts, including James Barrese, formally CTO of PayPal, and Andres Wolberg-Stok, Global Head of Emerging Platforms and Services from Citi to shed light on the state of FinTech (technology-enabled banking and...

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Business & Money | Thursday 14 July, 2016 4:39 am

AXA Cooperative Continues Expansion in Saudi Arabia; New Shops Opened in Jeddah and Jubail

In line with its commitment to offer innovative, value added and customised insurance solutions to customers across Saudi Arabia, AXA Cooperative Insurance, a leading international insurer has announced the opening of two new shops in Jeddah and the Industrial City of Jubail.  With the ...

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Business & Money | Thursday 14 July, 2016 4:25 am

Riyadh Based GIB Capital LLC Appoints New CEO

Gulf International Bank (GIB) is pleased to announce the appointment of Mr. Osamah Mohammed Shaker as the new Chief Executive Officer of GIB Capital LLC, a wholly owned subsidiary of GIB, effective since 29 June 2016.  Mr. Shaker comes with substantial banking experience in both...

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Business & Money | Thursday 14 July, 2016 3:43 am

Accorhotels , Qatar Investment Authority and Kingdom Holding Company Establish the Principles for Their Long Term Shareholder Partnership

The shareholders of the Group approved the resolution finalizing the acquisition of FRHI Holdings Limited (FRHI) and the corresponding share capital increase reserved for the Qatar Investment Authority (QIA) and Kingdom Holding Company (KHC), as well as their representation on the Board of...

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Business & Money | Thursday 14 July, 2016 3:37 am

Deloitte and IRTI launch new Islamic Finance insights series

Implementing change strategies to reinvent the value proposition of the Islamic financial services industry is high on the agenda of industry leaders, according to Deloitte’s new whitepaper entitled “The catalysts for change: Strategic priorities in governance and regulation in...

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