Business & Money | Friday 4 March, 2016 10:00 am

KSA marks World Wildlife Day

Saudi Arabia joined the rest of world in observing the United Nation’s World Wildlife Day on Thursday to foster awareness among citizens and residents to protect and conserve biodiversity. World Wildlife Day is observed every year on March 3 to celebrate and raise awareness of the...

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Business & Money | Friday 4 March, 2016 9:53 am

AUB Acquires 40% shares of MEFIC Capital

Ahli United Bank Group (AUB), a pan GCC Banking group, has obtained the necessary regulatory clearances to acquire 40% shares of Middle East Financial Capital (MEFIC Capital) a leading investment company operating under the Capital Market Authority of Saudi Arabia. With this acquisition, AUB...

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Business & Money | Thursday 3 March, 2016 1:24 pm

Innovation during low oil price environment has huge potential

While there are challenges associated with a low oil price environment, companies in the GCC’s petrochemical industry must use the current headwinds as an opportunity to evolve, advised experts at the Research & Innovation Conference in Dubai, hosted by the Gulf Petrochemicals and...

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Business & Money | Thursday 3 March, 2016 11:42 am

Top GCC Brands Recognized at the 2016 Food and Travel GCC Awards

The inaugural ‘2016 Food and Travel GCC Awards’ was held on Monday February 29, 2016 in the Kingdom of Bahrain in the presence of internationally acclaimed chefs and restaurateurs.    The glittery ceremony, held at the Ritz Carlton Hotel Bahrain, was organized by the...

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Business & Money | Thursday 3 March, 2016 7:34 am

Turkey open to further investments from Saudi Arabia, says ŞimŞek

Saudis are now investing $15 billion in Turkey, said Turkish Deputy Prime Minister Mehmet Şimşek, adding that they are seeking to double this amount in the near future. The major investment sectors are power, telecommunications and real estate, with the former adding up to $6 billion investment....

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Business & Money | Thursday 3 March, 2016 7:32 am

Madinah governor opens projects in Wadi Al-Fara

Madinah Gov. Prince Faisal bin Salman recently launched several developmental and charity projects worth SR106 million in the Wadi Al-Fara province. The projects are expected to include investments in rural development, education, charity and health, along with a project for the headquarters of...

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Business & Money | Thursday 3 March, 2016 7:31 am

JEF 2016: Saudi economic reforms drive ‘impressive’

Saudi Arabia’s economic reform program, with its emphasis on encouraging private sector investment, is on the right track to achieve diversified growth. This was the view of most of the speakers and delegates at Jeddah Economic Forum 2016 on Wednesday. “Saudi Arabia needs to develop...

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Business & Money | Thursday 3 March, 2016 6:56 am

CNN International names Aly Vance as new host of ‘Winning Post’

CNN International today announced that British sports presenter and journalist Aly Vance (nee Rowell) is to host ‘Winning Post’, the network’s monthly flat-racing show.   Vance, a former international athlete, is an experienced presenter who has worked for...

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Business & Money | Thursday 3 March, 2016 6:48 am

ARGAS celebrates its golden jubilee and lays the foundations for a successful future

ARGAS, the Arabian Geophysical and Surveying Company, today celebrated its first 50 years of success with an eye firmly on the future, as it laid the cornerstone of its new Center for Research and Development in the Dhahran Techno Valley, in the Eastern Province of Saudi Arabia.   The...

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Business & Money | Wednesday 2 March, 2016 5:09 pm

M&A Opportunities for MENA at Mid-Market Forum on March 3rd in Dubai

The Sixteenth M&A Mid-Market Forum (MMF), which will be held in Dubai on March 3rd 2016, will be focusing on developments within regional and global markets. Bringing together leading companies of the region and world leading investment banks, the forum will provide a...

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