Business & Money | Wednesday 25 January, 2017 11:59 am

The Abraaj Group Enters into a Definitive Agreement to acquire a majority stake in Jhimpir Power

The Abraaj Group (“Abraaj” or the “Group”), a leading investor operating in growth markets with c. US$10 billion in assets under management, today announced that it has entered into a definitive agreement to purchase a majority stake in Jhimpir Power Limited (JPL) Holdings...

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Business & Money | Wednesday 25 January, 2017 11:56 am

Panasonic Wiring devices certified by Emirates Authority for Standardization and Metrology (ESMA) for Emirates Quality Marking

Panasonic received the Emirates Quality Mark for its wiring devices, demonstrating the company’s commitment to product excellence and customer safety. Panasonic Homes & Living offers a broad spectrum of Switches & Sockets, LED Lightings, Switchgears, Solar Panels, Energy Recovery...

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Business & Money | Wednesday 25 January, 2017 5:59 am

Deputy crown prince discusses investment opportunities with Third Point's CEO

Deputy Crown Prince Mohammed bin Salman met with the CEO of Third Point LLC, Daniel S. Loeb, in Riyadh on Tuesday to discuss areas of cooperation and investment opportunities in the Kingdom and around the world, the Saudi Press Agency said. The discussions are in line with Saudi Arabia’s...

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Business & Money | Wednesday 25 January, 2017 4:03 am

Barclays Reinforces Wealth and Investment Management team servicing MENA

Barclays announced today the appointment of three new senior bankers in its Wealth and Investment Management division for Middle East and North Africa (MENA). Antoine Roger Chemali and David Stephan both join Barclays Wealth and Investment Management division as directors, while Owen Dayson joins...

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Business & Money | Wednesday 25 January, 2017 1:05 am

Euro zone starts year with solid economic growth, but risks ahead

The euro zone started 2017 by maintaining solid economic growth as a weaker currency boosted orders for goods and services, a survey showed, but rising political risks could soon take their toll. Growth in Germany’s private sector slowed slightly in January but in France activity rose to...

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Business & Money | Tuesday 24 January, 2017 4:05 pm

H.E. Mohamed Helal Al Muhairi Opens Smart Stores Expo 2017

H.E. Mohamed Helal Al Muhairi, Director General, Abu Dhabi Chamber, inaugurated the first edition of Smart Stores Expo 2017 at Abu Dhabi National Exhibition Centre (ADNEC) on 23 January. The inaugural event opened its door to several leading retail professionals across the region to showcase the...

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Business & Money | Tuesday 24 January, 2017 3:50 pm

Ukraine to have huge participation in the Annual Investment Meeting (AIM) in Dubai

Set to be held on April 2-4, 2017 at the Dubai World Trade Centre, the Annual Investment Meeting (AIM) expects a huge participation of Ukraine that is one of the Official Supporting Partners of this 7th edition. This has been announced by Dawood Al Shezawi, head of the organizing...

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Business & Money | Tuesday 24 January, 2017 5:35 am

Different activities colour 2nd Dubai Customs Week on its 2nd day

Panelists of 2nd Dubai Customs Week’s panel session highlighted the importance of unifying strategies and develop customs work in the UAE. They also focused on the necessity of coordination and cooperation at the federal level to help better tackle geopolitical...

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Business & Money | Tuesday 24 January, 2017 4:06 am

GASTAT, CSC form national committee on data

A national committee has been formed to regulate the relationship between the General Authority for Statistics (GASTAT) and the Council of Saudi Chambers (CSC). Khulood bint Abdulaziz Al-Dhakeel was chosen as the chairperson of the committee, while Waleed Bin Sabah Al-Sabah and Ali Bin Jumma will...

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Business & Money | Tuesday 24 January, 2017 3:09 am

France FM in Riyadh to reaffirm partnership

France’s Foreign Minister Jean-Marc Ayrault arrived in Saudi Arabia on Monday to reaffirm the allies’ “strategic partnership”. Ayrault, on his first ministerial visit to the Kingdom, “will discuss the main regional issues, particularly the situations in Yemen, Iraq, ...

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