Environment & Energy | Wednesday 19 August, 2015 1:00 am

Saudi banking system well positioned to weather lower oil prices

The Saudi banking system is well positioned to weather lower oil prices and the growth slowdown, according to the International Monetary Fund. According to a press release, IMF executive directors welcomed Saudi Arabia’s strong economic performance while noting that the large decline in oil...

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Business & Money | Wednesday 19 August, 2015 12:23 am

MANN+HUMMEL Agrees to Acquire Affinia Group

The MANN+HUMMEL Group, www.mann-hummel.com, based in Ludwigsburg, Germany, today announced that they have entered into a definitive agreement under which MANN+HUMMEL will acquire the global filtration operations (excluding its Affinia South America (“ASA”) operations) of Affinia...

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Business & Money | Wednesday 19 August, 2015 12:07 am

Seiko Instruments (SII) Releases New LDO Regulator

Seiko Instruments Inc. (SII) announced the release of the S-19311 Series automotive high input 36V LDO regulator with reset function, adopting a newly developed compact package TO-252-5S with high heat dissipation. The S-19311 can be connected directly to batteries, and the reset function allows...

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Beauty & Style | Tuesday 18 August, 2015 3:18 pm

Liali Jewellery celebrate sixteen years of cherished moments

From its humble beginning in 1999, Liali has emerged as one of the region’s finest and reputed jewellery brand. Widely recognized for their aspirational and classy designer edge on exquisite jewellery pieces of gold, diamond and pearls; Liali Jewellery is celebrating 16 years of towering...

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Business & Money | Tuesday 18 August, 2015 3:07 pm

TSYS Names Patricia Watson as CIO

TSYS (NYSE: TSS) today announced that Patricia A. Watson, a 17-year veteran of the financial services industry, has been named senior executive vice president and chief information officer (CIO) effective September 14.  “Patty is well respected throughout the financial services...

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Business & Money | Tuesday 18 August, 2015 3:03 pm

Qatar Rail extends Platinum Sponsorship to MEED’s 4th Annual Qatar Transport Forum

Qatar Railways Company (Qatar Rail) announced its participation as a Platinum Sponsor at the 4th Annual Qatar Transport Forum, which aims to focus on the sharp increase in transport project activity in Qatar over the next few years. The event will be held from the 14th to the 16th of September...

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Business & Money | Tuesday 18 August, 2015 3:00 pm

Pacific Life Re Australia Receives Regulatory Approval to Commence Writing Reinsurance Business

Pacific Life Re (Australia) Pty Limited (“Pacific Life Re Australia”) has received regulatory approval from the Australian Prudential Regulatory Authority (APRA) to commence writing life reinsurance business in Australia.  Pacific Life Re Australia is part of Pacific Life Re,...

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Beauty & Style | Tuesday 18 August, 2015 2:48 pm

Parisian Shoe Brand, Bensimon Launches in Middle East

Bensimon, a brand of French heritage and an emblem of Parisian fashion, launches its iconic canvas shoe collection, Bensimon for the first time in the Middle East at Level Shoe District and House of Fraser. The lifestyle brand was launched in the seventies by Serge Bensimon in Paris.  With...

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Business & Money | Tuesday 18 August, 2015 2:30 pm

Deloitte: VAT in the GCC – Old news or new chapter?

The recent action taken by the UAE to eliminate fuel subsidies with effect from 1 August 2015 ignited the debate on tax reform in the Gulf Cooperation Council (GCC) countries. Whilst these countries are facing an increasing amount of pressure on their national budgets, every GCC government...

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Technology & IT | Tuesday 18 August, 2015 1:30 pm

“Ericsson literally many years ahead of the cloud crowd” According to 451 Research

Ericsson (NASDAQ: ERIC) will demonstrate key technologies from its cloud infrastructure portfolio at the Intel Developer Forum 2015 (IDF15), an industry and media event held August 18-20 in San Francisco, US. The event will showcase Ericsson’s cloud technology leadership to a broad...

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