Business & Money | Thursday 28 April, 2016 6:34 am

Barwa Bank’s AGM approves 10% cash dividend for shareholders

Barwa Bank convened its Annual General Meeting (AGM) on Monday the 25th of April 2016, during which the results for the fiscal year ending on December 31, 2015, and the cash dividends of 10 percent to shareholders, were approved.   During the AGM, all items on the agenda were discussed,...

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Business & Money | Thursday 28 April, 2016 3:38 am

Umrah revenues to hit SR200b by 2020

The revenues to be generated by the Umrah season are expected to soar over SR200 billion by the year 2020, according to Saad Bin Jameel Al-Qurashi, former member of the National Haj and Umrah Committee of the Makkah Chamber of Commerce and Industry. He said about five million people will be...

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Business & Money | Thursday 28 April, 2016 1:44 am

Visa Brings Digital Payments to Rio 2016 Olympic Games as 1.2 Million Travelers Are Expected in Brazil

Visa (NYSE:V) today celebrated the 100 day milestone to the Rio 2016 Olympic Games. In its 30th year as the exclusive payment provider of the Olympic Games, Visa is creating and managing the entire payment system infrastructure and network throughout all venues including stadiums, press centers,...

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Business & Money | Thursday 28 April, 2016 12:30 am

Limited IPO activity in MENA continues in Q1 2016; Egypt and KSA lead activity: EY

 The Middle East and North Africa (MENA) region witnessed only two IPOs raising US$615.0m in Q1 2016, representing another quarter with limited IPO activity, according to EY. Capital raised through MENA firms in Q1 2016 increased by 141%, while the number of IPOs were consistent (2 IPOs),...

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Business & Money | Wednesday 27 April, 2016 4:18 pm

Siemens celebrates 1,000 gas turbines from Berlin: electricity for one billion people

Today, the Siemens gas turbine factory in Berlin is shipping its 1,000th gas turbine manufactured at the plant. The SGT5-4000F gas turbine, which has a capacity of 300 megawatts (MW), weighs 300 metric tons and is destined for the Umm al Houl combined cycle power plant in Qatar. The total...

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Business & Money | Wednesday 27 April, 2016 4:07 pm

Commodity prices and energy transition top 2016 World Energy Congress programme

The 23rd World Energy Congress, which is taking place in Istanbul, between 9 and 13 October 2016 has today announced the first key highlights of its official event programme.  Headline sessions will include weathering the commodity price storm and the impact of the COP21 agreement on the...

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Business & Money | Wednesday 27 April, 2016 3:48 pm

MICHELIN Pilot Sport Cup 2 Tyres Fitted to the BMW M4 GTS

Specially developed versions of the MICHELIN Pilot Sport Cup 2 tyres will be the sole original equipment fitment on the new limited special model BMW M4 GTS. As a track car that is approved for road use, the job of Michelin's engineers was to design an ultra-high-performance tyre which is...

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Business & Money | Wednesday 27 April, 2016 2:52 pm

Excellent functionality and quality for the best in personal hygiene

 It is hard to imagine something that contributes more to our well-being than personal hygiene. This is why GROHE, the sanitary manufacturer, is committed to making products, which help users maintain the very highest standards in this respect. The new Tempesta-F Trigger Spray 30 (Shattaf), is ...

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Business & Money | Wednesday 27 April, 2016 2:41 pm

Strong UAE Exchange Rate Creates International Opportunities for Wealthy Property Buyers

 UAE buyers are using the strong UAE dirham to snap up international property, particularly in Europe, according to the Dubai office of global property broker, Engel & Völkers. The dirham has experienced strong growth against a broad range of foreign currencies, thanks to its peg to...

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Business & Money | Wednesday 27 April, 2016 2:28 pm

EXUS has successfully delivered the new Collections management system to Bank ABC in Jordan

Bank ABC Jordan successfully completed the deployment and parameterization of EXUS Financial Suite, an internationally awarded collections and recovery management software. The system fully supports the collections and remedial management of delinquent customers, providing bank users with extensive ...

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