Business & Money | Sunday 9 August, 2020 10:20 am

Saudi Aramco Profit Slumps 73% as Pandemic Chokes Oil Sales

Saudi Arabia’s state-controlled oil giant reported a 73% drop in second-quarter profit and maintained plans to pay $75 billion in annual dividends, a vital source of cash for a government saddled with a swelling deficit. Saudi Aramco, which Apple Inc. recently dethroned as the world’s most ...

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Business & Money | Sunday 9 August, 2020 5:01 am

Cisco 2020 CISO Benchmark Report Shows Increased Investment in Cloud Security and Automation Technologies to Combat Complexity

Cisco (NASDAQ: CSCO), the leader in enterprise security, published its sixth annual CISO Benchmark Report surveying the security posture of 2,800 security professionals from 13 countries around the globe. The report provides 20 cybersecurity considerations for 2020 – gleaned from data analysis of ...

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Business & Money | Sunday 9 August, 2020 3:26 am

Abu Dhabi Government Contact Centre launches a new Customer Relationship Management platform

The Department of Government Support, which is represented by the Abu Dhabi Digital Authority (ADDA), has announced the launch of the new Customer Relationship Management platform for the Abu Dhabi Government that aims to improve customer experience. New services and solutions will now be provided...

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Business & Money | Sunday 9 August, 2020 1:05 am

Saudi and Italian FMs meet to discuss G20 affairs

Saudi Foreign Minister Prince Faisal bin Farhan met with his Italian counterpart Luigi Di Maio on Friday at the Italian Ministry of Foreign Affairs in Rome, as part of his official visit to Italy. The two men discussed bilateral relations and ways to enhance them, the current situation in the...

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Business & Money | Saturday 8 August, 2020 3:34 am

RTA lifts 3m riders during Eid Al Adha holiday 1441H

Roads and Transport Authority - Nashwan Atta'ee: Roads and Transport Authority (RTA) announced that Dubai's public transit means and taxis lifted 2,853,710 riders during the holiday of Eid Al Adha 1441H (30 July to 2 August 2020). Meanwhile, RTA made every effort to ensure the compliance...

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Business & Money | Wednesday 5 August, 2020 1:08 pm

Landmark Arabia partners with Alnahda Society to facilitate virtual learning during COVID-19 pandemic

Continuing on its efforts to address the needs of those severely impacted by the COVID-19 pandemic in the Kingdom, Landmark Arabia has teamed up with Alnahda Society one of Saudi Arabia’s oldest charities for women, to donate 100 laptops. The donation will...

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Business & Money | Wednesday 5 August, 2020 11:51 am

Emirates Glass Emicool Sun T Series leads way as the most preferred coating option for over a decade

Emirates Glass LLC, one of the leading processors of architectural flat glass in the Middle East and a subsidiary of Glass LLC, wholly owned by Dubai Investments PJSC, has announced exceptional performance by its Emicool Sun T Series, leading the way as the most preferred coating option for over a...

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Business & Money | Wednesday 5 August, 2020 11:19 am

Moody's affirms Saudi Re's A3 IFSR rating, stable outlook

Saudi Reinsurance Company (Saudi Re) announced today that Moody’s Investors Service (Moody’s) has affirmed the company's A3 Insurance Financial Strength Rating (IFSR) with a stable outlook.   The affirmation of Saudi Re’s rating reflects its strong brand and market position in...

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Business & Money | Wednesday 5 August, 2020 3:36 am

GLOBAL MARKETS-Gold Soars Past $2,000, Gold up on Stimulus Hopes 2 New York

MSCI's benchmark for global equity markets rose 0.47% after earlier hitting a five-month high, less than 4% from its all-time peak in February. The index was lifted overnight when stocks rallied in Asia on relatively strong manufacturing data from around the world reported on Monday.On Wall Street, ...

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Business & Money | Wednesday 5 August, 2020 1:35 am

Price tags displayed on products must include VAT: Ministry

Saudi Arabia’s Ministry of Commerce emphasized that prices of products in the market must be inclusive of value-added tax (VAT). The displayed prices of goods shall be final prices and should reflect the same in the cashier’s computer system, Saudi Press Agency reported on Tuesday, quoting the...

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