Business & Money | Sunday 3 July, 2016 4:01 pm

Al Rifai appointed CFO Siemens Middle East

Siemens has appointed Alia Al Rifai (40) as Chief Financial Officer (CFO) of the company’s Middle East region, effective July 1. Al Rifai assumed her new role after two years as Senior Executive Vice President of Finance for the Energy Management Division in the region. She takes over from...

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Business & Money | Sunday 3 July, 2016 3:55 pm

Barwa Bank successfully concludes its Ramadan Campaign 2016

Barwa Bank, Qatar’s most progressive Shari’ah-compliant service provider, has successfully concluded its Ramadan Campaign 2016 “#My_Ramadan_Moments”, with its message that aimed to highlight the Holy Month’s honorable values and charitable...

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Business & Money | Sunday 3 July, 2016 2:18 pm

Dubai and KSA markets stay close to breakeven with AUH and Qatar performing well for the month

After the initial panic selloff in line with global markets, regional indexes gradually tried to make the losses back for the rest of the week. As global markets calmed down with indications that most key central banks will re-engage in monetary easing, regional markets also attempted to put a...

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Business & Money | Sunday 3 July, 2016 12:17 pm

Al Manhal Expands in Providing New Arabic Online Resources through Qatar National Library

Al Manhal, a Dubai based electronic publishing & distribution database of full-text searchable Arabic content, signed an agreement with Qatar National Library (QNL), a member of Qatar Foundation for Education, Science and Community Development (QF), through which over 14,000 new titles will be...

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Business & Money | Sunday 3 July, 2016 12:06 pm

DAMAC Properties Introduces AKOYA Imagine Targeting Millennials

DAMAC Properties today unveiled AKOYA Imagine, a cluster of homes surrounded by the lush greens and fairways of the international golf course. Set at the heart of the AKOYA Oxygen master development, AKOYA Imagine presents a collection of colourful villas aimed at young couples and families,...

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Business & Money | Sunday 3 July, 2016 11:53 am

Hyundai Heavy discusses joint project with Saudi minister

Hyundai Heavy Industries (HHI) is expected to enjoy another boost with its joint construction projects building turbine engine plants and shipyards in Saudi Arabia. Korea Times reported that HHI Chairman Choi Gil-seon and President Kwon Oh-gap met Saudi Energy Minister Khalid Al-Falih in Seoul to...

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Business & Money | Sunday 3 July, 2016 11:49 am

French see business opportunities in KSA

French media outlets unanimously agree that Deputy Crown Prince Mohammed bin Salman’s visit to France on June 27-28 represented a turning point in the strategic partnership between the two countries. During the visit, Prince Mohammed shared Vision 2030, the reform program he architected...

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Business & Money | Sunday 3 July, 2016 2:51 am

Bentley and Shell Announce Global Framework Agreement

Bentley Systems, Incorporated, a leading global provider of comprehensive software solutions for advancing infrastructure, today announced a new Global Framework Agreement with Shell. The agreement serves to improve Shell’s capital project construction execution through automated 4D/5D...

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Business & Money | Saturday 2 July, 2016 2:56 pm

Investcorp and its partners complete IPO of L’azurde after steering company towards growth

Investcorp, a global provider and manager of alternative investment products, (“the Firm”), today announced the successful listing of its Gulf Opportunity Fund I portfolio company, L'azurde Company for Jewellery (“L'azurde” or “the Company”), on the Saudi ...

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Business & Money | Saturday 2 July, 2016 8:15 am

1.9m workers joined labor force in 2015

A recent report for the Ministry of Labor and Social Development confirmed that the number of workers recruited for economic activities last year reached 1,938,080. The Riyadh region ranked first in attracting workers in agriculture, mining and oil extraction, manufacturing, construction, and...

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