Business & Money | Wednesday 2 March, 2016 10:20 am

International products and ideas on show at The Big 5 Saudi

Demanding economic times increase the need for construction contractors to find new ways to remain competitive, both to win bids and ensure current projects are delivered to budget.    In Saudi Arabia, where the construction market remains strong despite the slump in oil prices,...

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Business & Money | Wednesday 2 March, 2016 10:13 am

Firoz Merchant named Philanthropist of the Year

In recognition of his tireless work to help incarcerated prisoners in the UAE, Founder & Chairman of Pure Gold Jewellers, Firoz Merchant was conferred the Philanthropist of the Year award at the Indian CEO Awards held at Conrad Hotel Dubai. Over 300 of the region’s most successful...

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Business & Money | Wednesday 2 March, 2016 9:55 am

Western Auto opens spare parts facility in Dammam

Western Auto Company Ltd, one of the flagship companies in the renowned ETA Star Group of companies, added another feather to the cap by formally opening the new warehouse facility for the spare parts division in Dammam. Mohammed Khurshid Al Buhmail, Chairman – Arja Al Khaleej Trading...

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Business & Money | Wednesday 2 March, 2016 9:50 am

JEF opens with focus on economic diversification

The Jeddah Economic Forum (JEF) was inaugurated on Tuesday night, with Makkah Gov. Prince Khaled Al-Faisal calling for purposeful discussion on public-private partnerships as key to further economic progress. Deputy Prime Minister of Turkey Mehmet Simsek, speaking on the occasion, said that after...

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Business & Money | Wednesday 2 March, 2016 8:28 am

Well-established Gulf petrochemical industry to lift GCC stock markets says ArabPlast organizers

Although some upstream oil operators have posted results that have missed expectations, their derivative segments and other petrochemical businesses are seeing the upside of the oil price erosion revealed Satish Khanna, General Manager, Al Fajer Information and Services, co-organisers of ArabPlast, ...

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Business & Money | Tuesday 1 March, 2016 1:33 pm

Sabic Broadens Composites Portfolio With Addition of Fiber-reinforced Thermoplastic Tapes

SABIC - one of the world’s leading petrochemical companies - has expanded its growing portfolio of innovative material solutions with the recent investment in a majority stake in Fibre Reinforced Thermoplastics B.V., with manufacturing operations in Lelystad, The...

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Business & Money | Tuesday 1 March, 2016 9:44 am

Flemming Dalgaard Appointed CEO of Gulftainer

Gulftainer, the world’s largest privately-owned, independent port operator based in the UAE has announced the appointment of Flemming Dalgaard as the new Chief Executive Officer of the Group. Former CEO Peter Richards will now serve on Gulftainer’s Executive Board and lead the expansion ...

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Business & Money | Tuesday 1 March, 2016 7:01 am

Makkah emir to open Jeddah Economic Forum today

Prince Khaled Al-Faisal, emir of Makkah and adviser to Custodian of the Two Holy Mosques, will inaugurate the Jeddah Economic Forum 2016 (JEF) at Jeddah Hilton on Tuesday. More than 80 high-profile Saudi and international economic experts and business leaders will attend the three-day event with ...

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Business & Money | Tuesday 1 March, 2016 6:51 am

Shoura okays National Strategy for Housing

The Shoura Council on Monday approved the National Strategy for Housing that outlines the mechanism to make housing available for people with special needs, widows, orphans and divorcees who do not have the support of their families. The session was chaired by the Council President Sheikh...

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Business & Money | Tuesday 1 March, 2016 4:24 am

Souq.com raises more than AED 1 Billion

Souq.com, the Middle East’s largest online retail and marketplace platform, announced today that it has completed a funding round of more than                                  AED 1 Billion (USD 275 million), ...

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