Business & Money | Thursday 14 April, 2016 12:24 pm

PwC shares insights on the implication of VAT

With the Saudi Arabia Ministry of Finance announcing in its 2016 state budget plans to introduce VAT in coordination with other GCC countries, PwC held a workshop in the Kingdom to update businesses in the GCC on the latest VAT developments and implications related to its introduction. The workshop ...

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Business & Money | Thursday 14 April, 2016 12:16 pm

Union Bancaire Privée completes its acquisition of Coutts activities in Asia

Union Bancaire Privée ("UBP") completed the transfer of Coutts International's activities in Singapore and Hong Kong on 11 April 2016. This is the final stage in the acquisition of Royal Bank of Scotland's international wealth management business which operated under the...

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Business & Money | Thursday 14 April, 2016 12:08 pm

EY announces finalists and judges for the Entrepreneur Of The Year Award 2016 in Saudi Arabia

EY announced the Eight entrepreneurs shortlisted as finalists for the Saudi Entrepreneur Of The Year (EOY) award. The award honors noteworthy, high-growth Saudi entrepreneurs who demonstrate excellence and remarkable success in their businesses and communities alike. The event will be held on the...

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Business & Money | Thursday 14 April, 2016 3:01 am

Arabian Automobiles Company Promotes Passenger & Vehicle Safety

Arabian Automobiles Company, the flagship automotive division of AW Rostamani Group and exclusive dealer for Nissan and Infiniti in Dubai and the Northern Emirates, launched an exclusive Service campaign for its customers highlighting the importance of vehicle maintenance and its impact on...

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Business & Money | Wednesday 13 April, 2016 4:52 pm

Impact of Production Freezes on Oil Markets Questionable

According to a report, year-to-date Brent oil prices are are down by 37 percent year-on-year, reflecting a continued glut in the oil market. The report, released by Jadwa Investment, states: “In March 2016 Brent oil rose by 19 percent month-on-month,  following talks of a potential...

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Business & Money | Wednesday 13 April, 2016 4:31 pm

Deloitte: Digital transformation key to organizations’ survival

The digital age is moving at a fast pace that it is fundamentally transforming the way organizations operate, be it in the private or the public sector, according to Deloitte’s latest report entitled “The changing role of people management in the digital age.” This trend is...

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Business & Money | Wednesday 13 April, 2016 4:29 pm

Nexthink Raises $40 Million Gearing up for IPO

Nexthink®, the unique provider of End-user IT Analytics, today announced it has raised $40 million in new investment, led by Highland Europe, a leading global venture capital firm. This is the largest round of funding to date for Nexthink and includes participation from the Bertarelli...

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Business & Money | Wednesday 13 April, 2016 2:18 pm

casio launching a series of innovative models at Baselworld 2016

A 20th anniversary model to commemorate the origi- nal launch of the flagship MR-G series in the G-SHOCK line, the new MRG-G1000HT explores the theme of tsuiki1, a traditional Japanese metalworking technique. Casio designed the watch in collaboration with a third- generation master artisan in the...

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Business & Money | Wednesday 13 April, 2016 1:51 pm

Steelcase Reports Fourth Quarter and Fiscal 2016 Results

Steelcase Inc. (NYSE: SCS) reported fourth quarter revenue of $747.9 million and net income of $77.5 million, or diluted earnings per share of $0.62. Excluding restructuring costs, adjusted earnings were $0.64 per share.  During the fourth quarter, the company reversed its valuation allowance...

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Business & Money | Wednesday 13 April, 2016 1:36 pm

KAEC Industrial Valley Witnesses First Factory for Assembling Firefighting Apparatus in Arab World

The Economic Cities Authority (ECA) participated in the opening of the new Rosenbauer Saudi Arabia factory, the first manufacturing facility specializing in assembling firefighting apparatus in the Arab world. The factory was built in the Industrial Valley in King Abdullah Economic...

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