Business & Money | Thursday 4 June, 2015 12:59 am

Bounce in WTI fails to support commodity linked currencies

There’s generally a correlation in the currency markets where any bounce in the price of WTI inspires similar momentum in those currencies linked to commodity prices. However, this hasn’t been the case on this occasion with this probably linked to rising suspicions that the OPEC meeting later...

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Government | Thursday 4 June, 2015 12:52 am

New police cars launched

Makkah Gov. Prince Khaled Al-Faisal launched the new black and white police cars and uniforms in Jeddah recently.The colors are part of plans to distinguish the police from other security agencies falling under the Interior Ministry.Maj. Gen. Abdul Aziz Alsolee, chief of the Makkah police, said the ...

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Business & Money | Thursday 4 June, 2015 12:35 am

“Tasneef” issues Inspection and Quality Certificates for two “ADNATCO” Container Ships

In a business move that places it in the ranks of major international classification societies, “Tasneef” signs an agreement to issue inspection and quality certificates for two container ships owned by Abu Dhabi National Tanker Company (ADNATCO), one of the largest tanker and ship-building...

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Business & Money | Wednesday 3 June, 2015 8:21 pm

Dubai Chamber Signs MoU with Dubai Silicon Oasis Authority

Dubai Silicon Oasis Authority (DSOA) has signed a Memorandum of Understanding (MoU) with Dubai Chamber of Commerce and Industry, to enhance cooperation in fostering entrepreneurship through a strategic agreement between the Chambers initiative of Tejar Dubai and DSOA’s wholly owned Dubai...

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Business & Money | Wednesday 3 June, 2015 5:22 pm

OPEC hopes for further price recovery

Angola's oil minister said on Tuesday that $80 per barrel may be right for crude, joining a chorus of OPEC officials and delegates hoping for a further price recovery in months to come despite a global glut."I would like the price (to) go up, but it is not easy," Jose Botelho de Vasconcelos told...

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Business & Money | Wednesday 3 June, 2015 5:20 pm

CMA highlights rules for QFIs’ operations

The Capital Market Authority (CMA) explained that the Rules for Qualified Foreign Financial Institutions Investment in Listed Shares (the Rules) issued on May 4, and consisting of 29 articles allow QFIs and their approved clients to exercise all the rights related to listed shares owned by them,...

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Tourism & Hospitality | Wednesday 3 June, 2015 3:31 pm

ETIHAD AIRWAYS WELCOMES ‘A’ RATING BY FITCH

Etihad Airways, the national carrier of the United Arab Emirates, has welcomed the announcement today that it has been assigned the rating of ‘A’ with a Stable Outlook, by Fitch Ratings. Fitch Ratings, one of the world’s largest credit ratings agencies, issued the Long-term Issuer Default...

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Beauty & Style | Wednesday 3 June, 2015 3:23 pm

Bio Oil's star shines bright in "Arous Al-Khaleej" Fashion Show

Bio-Oil has recently participated in one of the most attractive fashion shows; "Arous Al-Khaleej". This high-end event took place at the Holiday Inn Hotel in Al-Khobar, Eastern Region of Saudi Arabia, showcasing the cream of the crop in the world of fashion, style and glamour. The event was...

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Business & Money | Wednesday 3 June, 2015 3:16 pm

RED SEA MALL CONTINUES MARCHING TOWARDS UNIQUENESS

Marching towards Excellency and uniqueness in Saudi Arabia, Red Sea Mall has won a prestigious award and certificate in the shopping and entertainment centers. The mall won the award for the best shopping experience. The award was received in a ceremony by HRH Prince Sultan bin Salman bin Abdul...

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Tourism & Hospitality | Wednesday 3 June, 2015 3:11 pm

Four Seasons Celebrates Global Wellness Day on June 13 – Naturally

Four Seasons Hotels and Resorts says YES to Global Wellness Day, a growing international initiative that takes place the 2nd Saturday every June shining a light on the importance of wellness and encompassing everything from exercise and beauty treatments to spiritual teachings and ways of thinking, ...

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