Business & Money | Saturday 14 May, 2016 4:10 pm

Deal to boost transparency in real estate market

Jones Lang LaSalle (JLL), the world's leading real estate investment and advisory firm, has signed a memorandum of understanding (MoU) with the Saudi Eastern Province Chamber of Commerce & Industry (Asharqia Chamber) to improve transparency in the region’s residential, retail, office...

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Business & Money | Saturday 14 May, 2016 4:07 pm

Facebook delivers the scoop on how it delivers the news

Will “Trending topics” become a “trending” topic on Facebook? The social media giant on Thursday pulled back the curtain on how its Trending Topics feature works, a reaction to a report in the tech blog Gizmodo that claimed Facebook downplays conservative news subjects....

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Business & Money | Saturday 14 May, 2016 4:02 pm

Project Qatar 2016 Successfully Concludes its 13th Edition

Project Qatar 2016, the 13th International Construction Technology and Building Materials Exhibition, held under the patronage of HE Sheikh Abdullah Bin Nasser Bin Khalifa Al Thani, the Prime Minister and Minister of Interior, concluded today with great success. The 2016 edition surpassed all...

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Business & Money | Saturday 14 May, 2016 3:03 pm

Glowork Saudi project named among 15 WISE Awards finalists

The Saudi project Glowork, has been named amongst the 15 finalists selected for the 2016 WISE Awards organized by the World Innovation Summit for Education. Glowork is a Saudi social enterprise that was founded in 2011 in Saudi Arabia. The project is the first women’s employment...

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Business & Money | Friday 13 May, 2016 6:21 am

Saudi Vision 2030 Enables Kingdom to Leapfrog in Digital Economy Innovation

Public-private partnerships in technology will drive Saudi Vision 2030, and support the Kingdom to leapfrog in Digital Economy innovation, industry experts announced today at the SAP Saudi Forum.   “Technology mega-trends such as hyper-connectivity and the cloud can enable the...

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Business & Money | Friday 13 May, 2016 5:26 am

Hajjar to replace Ahmed Ali as IDB chief

Saudi Arabia has proposed Bandar Hajjar, former minister of Haj, as the new president of the Islamic Development Bank (IDB) Group. Hajjar will replace Dr. Ahmed Muhammad Ali, who has been serving as the president of IDB for most of the period ever since its inception in 1975, the Saudi Press Agency ...

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Business & Money | Thursday 12 May, 2016 2:55 pm

Marka Announces Q1 2016 Financial Results

Marka PJSC (DFM: MARKA), the first retail-focused listed company in the UAE, today released its interim financial results for the first quarter of 2016. For the three months ending 31st  March 2016, the company reported total revenue of AED 75,730 million. Total losses reported for the period...

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Business & Money | Thursday 12 May, 2016 1:54 pm

Deloitte: Transforming gender balance in the Middle East

Monitor Deloitte recently published a white paper “Getting the balance right- A blueprint for gender balance in the Middle East private sector” which showcases the firm’s recognition of the importance of gender balance in driving economic engines and improving organizations’ ...

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Business & Money | Thursday 12 May, 2016 1:47 pm

King Abdullah Economic City Exhibits Upscale Aspirational Lifestyle at AL-Murooj District

King Abdullah Economic City (KAEC) will hold an exhibition for its ready-to-deliver “Al-Manazel” land plots in the Al-Murooj district, an upscale living solution to the aspirational needs of today’s affluent Saudis and investors. The event will be held at the Jeddah Hilton Hotel...

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Business & Money | Thursday 12 May, 2016 1:32 pm

adidas Group with stellar financial performance in Q1 2016

Major developments in Q1 2016:   • Group sales increase 22% on a currency-neutral basis  • Accelerating momentum at both adidas (+26%) and Reebok (+6%)  • Double-digit growth in all markets except Russia/CIS  • Gross margin grows 0.3pp to...

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