Business & Money | Wednesday 9 September, 2015 2:38 pm

Al Rayyan sales have reached over 18% of total availability with Cityscape boost

Al Rayyan, the first mixed-use premium real estate development in Sharjah’s Al Nahda district, has announced a boost in sales at Cityscape Global in Dubai.  Sales figures indicate that over 18% of Phase 1, Tower C has been sold.  Al Rayyan’s two bedroom apartments have been...

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Business & Money | Wednesday 9 September, 2015 11:31 am

MIDDLE EAST OUTBOUND INVESTMENT REACHES AN HISTORIC HIGH IN H1 2015

During the first half of 2015, US$11.5 billion of capital flowed out of the Middle East into direct real estate globally, according to the latest research from global property advisor CBRE Group, Inc. Total Middle East outbound investment during 2014 stood at US$13.8...

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Business & Money | Wednesday 9 September, 2015 11:30 am

King Abdullah Port and NYK Group sign Joint Venture for operating Ro-Ro terminal

In a step to better serve the growing number of investors in the automotive sector in the Industrial Valley of King Abdullah Economic City (KAEC), the Ports Development Company (PDC), owner and developer of King Abdullah Port, has signed a joint venture agreement with Nippon Yusen Kaisha (NYK), the ...

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Business & Money | Wednesday 9 September, 2015 11:23 am

MAG Luxury Projects and International Development to Take Centre Stage at Cityscape

MAG Property Development (MAG PD) will be using its participation at Cityscape Global to highlight the AED 5 billion worth of projects it currently has underway. The real estate construction arm of MAG Group – one of the region’s largest multi-sector corporations – will be...

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Business & Money | Wednesday 9 September, 2015 5:17 am

Transport Ministry OKs 15 projects worth SR1.3bn

 In what is seen as major leap forward in infrastructural development, Transport Minister Abdullah Al-Muqbil has signed 15 new agreements for various ministry projects worth SR1.326 billion with a number of local companies for implementation, maintenance, buildings and consultancy in various...

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Business & Money | Wednesday 9 September, 2015 4:50 am

Daimler and Renault-Nissan Alliance Break Ground for New Joint-Venture Plant in Mexico

Daimler and the Renault-Nissan Alliance today broke ground for their joint-venture manufacturing complex, COMPAS (Cooperation Manufacturing Plant Aguascalientes), in Aguascalientes in central Mexico, which will build next-generation premium compact vehicles for the brands Mercedes-Benz and...

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Business & Money | Wednesday 9 September, 2015 4:33 am

Bupa Arabia and NCB Launch Insurance Program for Public Sector Employees

In combined efforts from the private sector to support the community in their needs, Bupa Arabia, the number one insurance provider in the Kingdom of Saudi Arabia, launched today with National Commercial Bank an insurance financing programme for public sector employees (citizens and military...

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Business & Money | Wednesday 9 September, 2015 4:15 am

Public-Private Partnerships Needed to Boost Employment for Saudi Youth

The Kingdom of Saudi Arabia’s education, public, and private sectors must partner on developing technology skills to help boost youth employment, announced SAP, one of the world’s leading technology companies.   Government initiatives are having a major impact in supporting...

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Business & Money | Tuesday 8 September, 2015 12:39 pm

Easy Taxi Empowering Women in Saudi Arabia

 In the spirit of women empowerment during the 2015 municipal elections in the Kingdom of Saudi Arabia, Easy Taxi is currently on a mission to make the process of voting for women much easier, in a country where women are not allowed to drive. Eugen Brikcius, the General Manager of...

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Business & Money | Tuesday 8 September, 2015 3:55 am

OSN secures US$400 million syndicated financing facility

OSN, the region’s leading Pay-TV network, has secured a US$400 million facility from a syndicate of 11 international and regional banks that was nearly two times oversubscribed.    The proceeds will be used primarily to strengthen OSN’s exclusive and premium content,...

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