Business & Money | Thursday 26 May, 2016 4:35 am

‘No delay’ in SR62bn Makkah metro project

Earlier Reuters quoted him as saying that the project had been delayed so that its financing can be restructured. He reportedly told a construction industry conference in Dubai: “The reason for the delay is some restructuring financially.” He said that while work on privately funded...

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Business & Money | Wednesday 25 May, 2016 3:57 pm

Plan B Steers Future Plans for The Diplomat Business Club

Global expansion, annual Gala Awards, and a charity initiative were announced as future plans of the Diplomat Business Club (DBC) at its quarterly business forum that took place at the Address Hotel, Dubai Mall. The chief guest at the event was H.E. Zayed Al Zayani Minister of Commerce, Industry,...

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Business & Money | Wednesday 25 May, 2016 3:34 pm

CommScope Study Finds Network Agility Needed to Meet Millennial Connectivity Demands

Global network operators should plan for continued capacity growth, greater flexibility, a larger array of services and corresponding billing models to address societal changes brought on by the Millennial generation, according to CommScope research into the lifestyles and spending trends of people ...

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Business & Money | Wednesday 25 May, 2016 3:30 pm

Parrot gadgets: to travel in style

Whether your destination is a busy city or a color filled natural wonder, Parrot has you covered with gadgets to travel in style; from headphones that accompany you to worlds of tunes and harmony all the way to drones that traverse the skies capturing your holiday moments.   ...

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Business & Money | Wednesday 25 May, 2016 2:48 pm

YBA Kanoo Awards Avaya Technology Transformation Contract

Bahrain based Yusuf Bin Ahmed Kanoo (YBA Kanoo), one of the largest independent, family-owned businesses in the Gulf region, has today announced awarding a flagship networking and wireless project contract to Avaya, a leader in business communications solutions.  Under the contract, Avaya will ...

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Business & Money | Wednesday 25 May, 2016 2:44 pm

Jadwa Investment Grows its Core Client Business By 39% in 2015

Jadwa Investment, a leading Saudi Arabian investment management and advisory firm, today announced its 2015 full-year financial results, achieving SAR 247.47 million in total revenues and SAR 93.56 million in net income. These results were achieved through a 39 percent growth in the firm’s...

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Business & Money | Wednesday 25 May, 2016 2:41 pm

SABIC CEO assumes role as GPCA Chairman

Yousef Abdullah Al- Benyan, the Chief Executive Officer and Vice-Chairman of SABIC, has been elected as the Chairman of the Gulf Petrochemicals and Chemicals Association (GPCA), it was announced today. He was previously the Vice- Chairman of the GPCA and will assume his role effective immediately,...

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Business & Money | Wednesday 25 May, 2016 10:37 am

Twitter Announces Faster, Easier & More Expressive Tweets

Twitter today announced it will simplify Tweets in the coming months, making it faster and easier for people to express themselves with more room in their 140-character Tweets. The simplified Tweet rules will make conversations faster and more intuitive for people who come to Twitter everyday and...

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Business & Money | Wednesday 25 May, 2016 10:32 am

Keolis to operate Shanghai metro line 8-3, the city’s first automatic metro

Shenkai, the joint venture between Shanghai Shentong Consulting (51%) and Keolis (49%), is confirmed as the future operator of phase 3 of Shanghai’s existing metro line 8 (also known as Line 8-3), following the signing of a contract with Shanghai Shentong Metro Group on 27 April 2016. The...

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Business & Money | Wednesday 25 May, 2016 5:28 am

Saudi-Egyptian alliance on $3.6 billion property project

The $3.6 billion Mountain View iCity has been announced, Egypt’s biggest upcoming project that is a joint venture between the Egyptian Mountain View and Saudi Sisban Holding. The venture has been billed as a boost to investment relations between the two nations. “Today we are...

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