Business & Money | Friday 29 April, 2016 2:42 pm

Siemens signs long-term service agreement for Umm Al Houl power plant in Qatar

Siemens has been awarded a 25-year long-term service agreement for the planned Umm Al Houl combined cycle power plant in Qatar. The customer is Umm Al Houl Power Q.S.C., a company established through a partnership among Qatar Electricity and Water Company (QWEC), Qatar Petroleum (QP), Qatar...

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Business & Money | Friday 29 April, 2016 6:03 am

SAMACO rated "Best Auto Dealership in Saudi Arabia"

SAMACO won the "Best Auto Dealership in Saudi Arabia 2015/2016" award, and attained the highest percentage vote for PR Auto Award 2015/2016. In recognition of this stunning achievement, His Highness Prince Abdullah Bin Saud, Head of Tourism Committee at Jeddah Chamber of Commerce and...

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Business & Money | Friday 29 April, 2016 4:19 am

Riyadh governor sponsors youth creativity project

Riyadh Gov. Prince Faisal bin Bandar said that the current generation of Saudis have shown an inclination toward creativity. He made the statement on Tuesday morning as he patronized the “Innovator 2” program organized by the Riyadh Chamber in cooperation with the General Directorate ...

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Business & Money | Thursday 28 April, 2016 5:16 pm

Honoring Participants of ISNR Abu Dhabi 2016

On Wednesday, Major General Staff Dr. Obeid Al Ketbi, Chairman of the ISNR’s Higher Organizing Committee organized a ceremony at Etihad Towers in Abu Dhabi, to honor entities who took part in ISNR 2016, which was held in Abu Dhabi between 15-17 March.   The honoring ceremony was...

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Business & Money | Thursday 28 April, 2016 4:01 pm

Bupa Arabia CEO inaugurated as the second best CEO in the Kingdom during the Top CEO Award for 2016

During the TOP CEO Award, organized by TRENDS business publication and INSEAD business school, Tal Hisham Nazer, CEO of Bupa Arabia, the largest health insurance provider in Saudi Arabia, was inaugurated amongst the top 100 CEOs in the Gulf region. Amongst 800 participants, Tal was ranked the top...

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Business & Money | Thursday 28 April, 2016 8:53 am

KidzMondo Doha signs partnership agreement with LBDI HOLDING

 In a step towards making the indoor theme park a more vibrant and lively place for young visitors, KidzMondo Doha, Qatar’s one-of-a-kind miniature edutainment city, has partnered with LBDI HOLDING – Mister Pizza and Crepe & More, to add a fun culinary experience to its wide...

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Business & Money | Thursday 28 April, 2016 7:37 am

Al Meera Consumer Goods Company records a 13.7% rise in sales

 Al Meera Consumer Goods Company (Q.S.C.) announced its financial results for the first quarter of 2016, ended 31st March 2016, recording a net profit of QR 49.4 million as compared to QR 43.1 million for the same period in 2015, bringing the rate of increase in profits to 14.6%. Similarly, ...

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Business & Money | Thursday 28 April, 2016 7:04 am

AVERDA STARTS OPERATION OF ITS SECOND MEDICAL WASTE TREATMENT FACILITY IN THE SULTANATE OF OMAN

Averda entered the Omani waste management market in 2005 when it constructed, installed, commissioned and operated the Medical Waste Treatment Plant (MWTP) in Muscat Governorate (Al Multaqa) on behalf of the Ministry of Health. In December 2015, Averda was awarded a second 5-year contract for the...

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Business & Money | Thursday 28 April, 2016 6:34 am

Barwa Bank’s AGM approves 10% cash dividend for shareholders

Barwa Bank convened its Annual General Meeting (AGM) on Monday the 25th of April 2016, during which the results for the fiscal year ending on December 31, 2015, and the cash dividends of 10 percent to shareholders, were approved.   During the AGM, all items on the agenda were discussed,...

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Business & Money | Thursday 28 April, 2016 3:38 am

Umrah revenues to hit SR200b by 2020

The revenues to be generated by the Umrah season are expected to soar over SR200 billion by the year 2020, according to Saad Bin Jameel Al-Qurashi, former member of the National Haj and Umrah Committee of the Makkah Chamber of Commerce and Industry. He said about five million people will be...

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